...The Discussion Board (DB) is part of the core of online learning. Classroom discussion in an online environment requires the active participation of students and the instructor to create robust interaction and dialogue. Every student is expected to create an original response to the open-ended DB question as well as engage in dialogue by responding to posts created by others throughout the week. At the end of each unit, DB participation will be assessed based on both level of engagement and the quality of the contribution to the discussion. At a minimum, each student will be expected to post an original and thoughtful response to the DB question and contribute to the weekly dialogue by responding to at least two other posts from students. The first contribution must be posted before midnight (Central Time) on Wednesday of each week. Two additional responses are required after Wednesday of each week. Students are highly encouraged to engage on the Discussion Board early and often, as that is the primary way the university tracks class attendance and participation. The purpose of the Discussion Board is to allow students to learn through sharing ideas and experiences as they relate to course content and the DB question. Because it is not possible to engage in two-way dialogue after a conversation has ended, no posts to the DB will be accepted after the end of each unit. Consider the following scenario: Lucy Shafer wants to borrow $100,000 to expand her dog-breeding...
Words: 843 - Pages: 4
...ACCT311 Unit3 - Discussion Board Consider the following scenario: Jim’s Music Company uses LIFO for inventory, and the company’s profits are quite high this year. The cost of inventory has been steadily rising all year, and Jim is worried about his taxes. You are Jim's accountant and you suggested that the company make a large purchase of inventory to be received during the last week in December. You explained to Jim that this would reduce his income significantly. Jim still doesn't understand the logic of your suggestion. Explain how the purchase would affect taxable income. (1 paragraph) Is this ethical? Jim is uncertain about the appropriateness of this from a legal and ethical perspective. Give your opinion and explain the ethical implications of making the purchase. (1 to 2 paragraphs) I would tell Jim that if he was to make the large purchase close to the end of the year, it would leave his taxable income lower due to the unsold inventory. There wouldn't be anything unethical about this transaction because it would all be recorded into the proper categories. I work for a large corporation and in my department; my manager tells me that we need to buy all we can during the last quarter. She tells me that this will help our projected budget for the upcoming year. I feel that this is a similar situation. If Jim didn’t make the purchase, leaving his end of year net come high, the big boss can lower the budget for the next year for the inventory purchases...
Words: 339 - Pages: 2
...Phone: 1-877-221-5800 Fax: 1-866-347-7383 Mikeja Cherry 10250 Prince Place apt. 105 Upper Marlboro, Maryland 20774 To Whom It May Concern: This letter is to verify that Mikeja Cherry is enrolled in a program of a study at AIU Online in the Bachelor's (BBA) - Business Administration program that began on Monday, October 06, 2014, with an expected graduation date of Sunday, December 13, 2015. Enrollment Status:Active Current GPA :3.75 Code COMP102 SCIE206 SCIE210 ECON220 ECON224 SSCI210 HUMA215 SCIE207 BUSN311 SCIE211 ACCT310 ACCT311 MGMT315 FINA310 ACCT420 MGMT305 ACCT450 ACCT440 ACCT315 ACCT435 ACCT430 MGMT499 ACCT320 ORNTU ORNTU SCIE206-C ECON220-C SCIE210-C ECON224-C SSCI210-C ClassName Introduction to Computers Lab Biology Environmental Science Microeconomics Macroeconomics Sociology Topics in Cultural Studies Biology Lab Quantitative Methods and Analysis Environmental Science Lab Managerial Accounting Principles of Financial Accounting Survey of Human Resource Management Financial Management Cost Accounting Management Information Systems Business and Professional Ethics for Accountants Accounting Information Systems Intermediate Accounting I Auditing Taxation Program Capstone Intermediate Accounting II Orientation Orientation Biology Microeconomics Environmental Science Macroeconomics Sociology Start date 09/08/14 10/06/14 11/10/14 11/10/14 01/05/15 01/05/15 02/09/15 03/23/15 03/23/15 04/27/15 06/08/15 06/08/15 07/20/15 08/24/15 08/24/15 10/05/15 11/09/15 11/09/15...
Words: 422 - Pages: 2
...ACCT311 UNIT 3IP Balls and Bats, Inc. purchased equipment on January 1, 2005, at a cost of $100,000. The estimated useful life is 4 years with a salvage value of $10,000. Complete the following tasks for this assignment: 1. Prepare two different depreciation schedules for the equipment—one using the double-declining balance method, and the other using the straight-line method. (Round to the nearest dollar). 2. Determine which method would result in the greatest net income for the year ending December 31, 2005. 3. How would taxes affect management’s choice between these two methods for the financial statements? 1. Let’s begin with straight-line depreciation since the double-declining balance is based upon it. But there’s an important disclaimer here: let’s assume that we know the salvage value at the end, so it reduces the depreciable amount by $10,000. More frequently the business finance problems assume no salvage value because it’s so hard to foresee. Then tooling is depreciated over its Expected life? And any salvage value simply comes back in the last Year. And another disclaimer: the IRS has a half-year convention for equipment put in place but since I am using the full-year in this problem, we’ll ignore that too. STRAIGHT-LINE DEPRECIATION Depreciation expense = Acquisition cost - residual value Estimated useful life in years Depreciation expense per year 22,500 = 100,000 - 10,000 = 90,000 $90,000 over 4 years, which gives 25% per year? Salvage value= $10...
Words: 833 - Pages: 4
