On Tuesday we had a quest speaker discuss his undergradaute experience and career path. Can you identify what Zach Hudson majored in while at Kennasaw State University? Business Administration English Math O Economics

On Tuesday we had a quest speaker discuss his undergradaute experience and career path. Can you identify what Zach Hudson majored in while at Kennasaw State University? Business Administration English Math O Economics

SWFT Comprehensive Vol 2020

43rd Edition

ISBN:9780357391723

Author:Maloney

Publisher:Maloney

Chapter28: Income Taxation Of Trusts And Estates

Section: Chapter Questions

Problem 4DQ

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John Smith worked for a small private institute teaching business and accounting subjects. John started in the organization working in student administration. As john was a diligent worker, he was promoted very quickly acquiring many new roles and responsibilities on the way. Some of these responsibilities included signing and approve timesheets of academics for activities such as marking and teaching of extra classes. John was also responsible for hiring and approving timesheets of all new academics.Unbeknownst to the institute until sometime later, John had siphoned off with more than $500,000 of funds that were fraudulently obtained.RequiredDescribe how you think John managed to steal the money and describe two control techniques to prevent or detect this payroll fraud scheme.
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Suppose you are a part of a group of students from a prominent university and were sent out as a team to work with a leading merchandizing company as a part of a work experience program. The team having been introduced to the general manger was told that the Accountant who normally prepares the financial statements has suddenly resigned and there is no one available to prepare the company’s financial statements which are now due. As aspiring university students, you and your group members have expressed an interest in taking on the task. As a group, you are required to collaborate and analyse the problem at hand then apply the accrual basis of accounting in the preparation of the company’s financial statements. See attached Unadjusted Trial Balance and instructions to complete question.
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The Scholastic Aptitude Test (or SAT) is a standardized college entrance test that is used by colleges and universities as a means for making admission decisions. The critical reading and mathematics components of the SAT are reported on a scale from 200 to 800. Several universities believe these scores are strong predictors of an incoming student’s potential success, and they use these scores as important inputs when making admission decisions on potential freshman. The tile RugglesCollege contains freshman year GPA and the critical reading and mathematics SAT scores for a random sample of 200 students who recently completed their freshman year at Ruggles College. Develop an estimated multiple regression equation that includes critical reading and mathematics SAT scores as independent variables. How much variation in freshman GPA is explained by this model? Test whether each of the regression parameters β0, β1, and β2, is equal to zero at a 0.05 level of significance. What are the correct interpretations of the estimated regression parameters? Are these interpretations reasonable? Using the multiple linear regression model you developed in part (a), what is the predicted freshman GPA of Bobby Engle, a student who has been admitted to Ruggles College with a 660 SAT score on critical reading and at a 630 SAT score on mathematics? The Ruggles College Director of Admissions believes that the relationship between a student’s scores on the critical reading component of the SAT and the student’s freshman GPA varies with the student’s score on the mathematics component of the SAT. Develop an estimated multiple regression equation that includes critical reading and mathematics SAT scores and their interaction as independent variables. How much variation in freshman GPA is explained by this model? Test whether each of the regression parameters β0, β1, β2, and β3 is equal to zero at a 0.05 level of significance. What are the correct interpretations of the estimated regression parameters? Do these results support the conjecture made by the Ruggles College Director of Admissions? Do you prefer the estimated regression model developed in part (a) or part (c)? Explain. What other factors could be included in the model as independent variables?
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