2009 Aicpa Newly Released Question - Business Essay

Part one: The list of questions and the answers given by the client: It has been decided by the clients that they are willing to start a new business but still they have not decided regarding the business structures that should be adopted by them for this purpose. Some of the commonly used business structures in Australia are sole traders, partnerships, companies and joint venture. In order to decide the most suitable business sector for the clients, the following questions have been asked. Q1:…

eco NITIE, MUMBAI 400 087 I MODULE ENDING EXAMINATION PGDIM XIth BATCH EC01 BUSINESS ECONOMICS Date: 23 September 2004 Time: 9.30 am to 12.30 am Maximum marks: 60 Instructions: Attempt any three questions out of four. All questions carry equal marks. Start each answer on a fresh page. Parts of the question must be answered together. Use appropriate tables, diagrams, equations to support your answers. Assume suitable assumption wherever necessary. Q 1(a) Mrs. Palekar has Rs 1…

|$600 F | |C) |$1,614 F |$600 U | |D) |$1,614 F |$600 F | Use the following to answer questions 3 and 4: Stench Foods Company uses a standard cost system to collect costs related to the production of its garlic flavored yogurt. The garlic (materials) standards for each container of yogurt produced are 0.8 ounces of crushed garlic at a standard…

1. Explain Google’s business model. “A business model is the way in which a company generates revenue and makes a profit from company operations” (Investopedia.com, 2003). Currently, Google is using their licensing fees for integrating their search engines into company intranets and websites (Thompson, Peteraf, Gamble, Strickland III, & McGraw-Hill, 2013), internet advertising, and a “try anything” mentality (Bloomberg, 2014) to generate their revenues. The licensing fees are paid by businesses…

PRACTICE QUESTIONS SESSION 3 1. Which of the following statements is true? A. Service firms have little need for determining the cost of their services. B. The concept of product costing is relevant only for manufacturing firms. C. The cost of year-end inventory appears on the balance sheet as an expense. D. Service companies use cost information for planning and control purposes. E. Mining and petroleum companies have no inventoriable costs. 2. Which of the following manufacturers would most…

Introduction This paper attempts to dispel rumors, myths, and confusion revolving around the newly released “chip cards.” These modern cards with microchips imbedded in them have been around since the early 1990’s in France. Only until recently, October 1, 2015, have they become a standard in the United States. Due to the numerous large scale financial card breaches affecting consumers and retailers in since the year 2000, Target, Home Depot, TJX, and Heartland to name a few, the financial institutions…

Question 1- Business Ethics Issue- A Company has developed a new drug which contains small side effects. They have conducted many experiments on this drug and formed a report to keep confidential. The board of directors results that they will continue to market the drug and keep the information within the company, as it will increase profits significantly. Is this ethical behaviour for the company? Rule- Common law tells us that as the directors of the company it is in their duty to act in good…

proper staff performance guidelines in the company 4. Negative organisational culture 5. Ignore the external business environment and cannot identify business opportunities This report will focus on all the above identified risk issues and find the solutions to correct them. The scope will include: 1. Cash management risk 2. Legislation compliance risk 3. Staff performance risk 4. Business environment risk 5. Work environment culture risk Identify and describe the critical success factors, goals or…

ANSWERS TO AICPA QUESTIONS CHAPTER 10 INTELLECTUAL PROPERTY RIGHTS AND THE INTERNET 1. (a) Computer software is covered under the general copyright laws and is therefore usually copyrightable as an expression of ideas. Answer (b) is incorrect because copyrights in general do not need a copyright notice for works published after March 1, 1989. Answer (c) is incorrect because a recent court ruled that programs in both source codes, which are human readable, and in machine readable object…

International Business 1. If the Japanese Yen were to depreciate and all other factors held constant, would that cause a surplus in Japan's balance of payments to become greater, or a deficit to become greater? Depreciation of the Japanese yen could be viewed as a smart move to relieve a struggling economy, which Japan is very much a part of. For instance, the work of Shinzo Abe has sought to do precisely that ever since he's taken office. "One of the most effective was to depreciate the Japanese yen…