ACCOUNTANT

Name:

Institution Affiliation:

 

 

 

 

 

 

 

 

 

The requirement of the firm to recruit employees who are good qualification and that they meet the code of conducts as prescribed by the company is to increase the profitability level of the company and also to minimize supervision. The purpose of having aggressive employees is to ensure that the company does not need to use a lot of resources to motivate its employees, as long as they are motivated the company will be able to achieve its objective easily. The purpose of the company to allow each division to operate autonomously is so as to make decision making fast and that each division will own up for any wrong decision that they have made. For the purpose of auditing it is important to have an impartial party looking up at the financial records of the company so as to give a true figures and the status of the business. The purpose of having employees being remunerated on the basis of their performance is important in the sense that each employee has to put his best foot forward so as to ensure that they achieve or rather have enough effort that will earn then a good pay.

For the profitability of a company to increase or rather improve it is important to cut costs that will enable the department to perform under minimal cost so as to ensure that they have enough profits. The department has been able to realize profits because the head of the department focusses on rather important and necessary tools that will be important in running the department. The method of accounting which assumes that the goods bought are the first goods to be sold. This assumption works when the company or rather the department is involved in constant supply of goods (John, 2010). When the company cuts cost and the assumption works it therefore means that the department head has made a good decision on behalf of the department.

With the entry of a competitor in the market it calls for serious measures to be taken so as to be able to maintain the profitability of the company. The new entrant has come with ways of getting new customers and maintaining them, the drastic cutting of cost on the other hand is futile to the department, and Smith is left with no other decision than to make or take those drastic measures that will allow her department to look as making profit.

Since smith is concerned with her salary and bonus since they are paid on the basis of performance, she resorts to falsifying the books of account. The effect is that she has to alter with the assets of the company and this which are the inventory. The effect is that when the company will be assessing its balance sheet the details that are available in it may not be factual and thus misleads the directors of the company. When determining if a balance sheet has balances, the formula is Capital = Assets + Liability.

When the department which operates independently tampers with the details of the inventory then it therefore means that they need to make adjustments so as to make the balance sheet to balance. The effect is that the company will be operating at a loss since the salaries that will be paid to smith will be not be genuine as the company is not making sufficient profits. The thought that she had of making a short run-solution to the profit decline due to the stiff competition that they were facing is risky (Dickson, 2014). This is because as much as she had good motives of making the company to stay in business she will be held accountable for the missing details when an audit of the firm is done. An audit is done so as to show the true financial position of the company and to rectify any mischief that would be done by the accountants or heads of the company.

Since the company policy is based on the ethical standards of the employee, the acts of Smith therefore breach the standards that have been set by the company. Breaching a code of conduct is serious and cannot be justifiable however good the reasons might be. The likelihood of Smith losing her job is very high because she had breached the code of conducts for accountants and the trust which was bestowed upon her by the company.

Had she been an intelligent head as she was she ought to have reduced the price so as to conform to the price which had been set by the competitors. She ought not to have cooked the books so as to maintain her salaries and bonuses. This is because she can be even be charged for defrauding the company. Therefore she ought to have made a fair competition with their competitors so as to enable them to be more aggressive and come up with creative ways in which they could be bale to improve the sales. Since she had been employed with the belief that she was qualified and minimal supervision provided that she was competent enough.

 

 

 

 

 

 

 

 

 

 

 

Reference

Dickson, E. (2014). Concepts of Accounting. Cambridge University , 87-102.

John, H. (2010). Advanced Accounting. New York: Thomas & Hobbes.

 

 

 

1. Assume that an event A contains 10 observations and event B contains 15 observations. If the intersection of events A and B contains exactly 3 observations, how many observations are in the union of these two events?

A. 28

B. 10

C. 22

D. 0

 

2. Let event A = rolling a 1 on a die, and let event B = rolling an even number on a die. Which of the following is correct concerning these two events?

A. On a Venn diagram, event B would contain event A.

B. Events A and B are mutually exclusive.

C. On a Venn diagram, event A would overlap event B.

D. Events A and B are exhaustive.

 

3. From an ordinary deck of 52 playing cards, one is selected at random. What is the probability that the selected card is either an ace, a queen, or a three?

A. 0.3

B. 0.25

C. 0.0769

D. 0.2308

 

4. Which of the following is correct concerning the Poisson distribution?

A. The mean is usually larger than the variance.

B. The event being studied is restricted to a given span of time, space, or distance.

C. Each event being studied must be statistically dependent on the previous event.

D. The mean is usually smaller than the variance.

 

5. A breeder records probabilities for two variables in a population of animals using the two-way table given here. Let A be the event “shaggy and brown-haired.” Compute P(Ac).

 Brown-haired BlondShort-haired 0.06 0.23

Shaggy 0.51 0.20

A. 0.36

B. 0.49

C. 0.77

D. 0.51

 

6. A credit card company decides to study the frequency with which its cardholders charge for items from a certain chain of retail stores. The data values collected in the study appear to be normally distributed with a mean of 25 charged purchases and a standard deviation of 2 charged purchases. Out of the total number of cardholders, about how many would you expect are charging 27 or more purchases in this study?

A. 47.8%

B. 94.8%

C. 68.3%

D. 15.9%

 

7. In the binomial probability distribution, p stands for the

A. probability of failure in any given trial.

B. number of trials.

C. number of successes.

D. probability of success in any given trial.

 

8. The Burger Bin fast-food restaurant sells a mean of 24 burgers an hour and its burger sales are normally distributed. The standard deviation is 3.061. What is the probability that the Burger Bin will sell 12 to 18 burgers in an hour?

A. 0.342

B. 0.475

C. 0.136

D. 0.239

 

9. Consider an experiment that results in a positive outcome with probability 0.38 and a negative outcome with probability 0.62. Create a new experiment consisting of repeating the original experiment 3 times. Assume each repetition is independent of the others. What is the probability of three successes?

A. 1.14

B. 0.238

C. 0.762

D. 0.055

 

10. An apartment complex has two activating devices in each fire detector. One is smoke-activated and has a probability of .98 of sounding an alarm when it should. The second is a heat-sensitive activator and has a probability of .95 of operating when it should. Each activator operates independently of the other. Presume a fire starts near a detector. What is the probability that both activating devices will work properly?

A. 0.049

B. 0.9895C. 0.931

D. 0.965

 

11. Each football game begins with a coin toss in the presence of the captains from the two opposing teams. (The winner of the toss has the choice of goals or of kicking or receiving the first kickoff.) A particular football team is scheduled to play 10 games this season. Let x = the number of coin tosses that the team captain wins during the season. Using the appropriate table in your textbook, solve for P(4 ≤ x ≤8).

A. 0.817

B. 0.377

C. 0.246

D. 0.171

 

12. The probability of an offender having a speeding ticket is 35%, having a parking ticket is 44%, having both is 12%. What is the probability of an offender having either a speeding ticket or a parking ticket or both?

A. 67%

B. 79%

C. 55%

D. 91%

 

13. For each car entering the drive-through of a fast-food restaurant, x = the number of occupants. In this study, x is a

A. joint probability.

B. discrete random variable.

C. continuous quantitative variable.

D. dependent event.

 

14. A basketball team at a university is composed of ten players. The team is made up of players who play the position of either guard, forward, or center. Four of the ten are guards, four are forwards, and two are centers. The numbers that the players wear on their shirts are 1, 2, 3, and 4 for the guards; 5, 6, 7, and 8 for the forwards; and 9 and 10 for the centers. The starting five are numbered 1, 3, 5, 7, and 9. Let a 

player be selected at random from the ten. The events are defined as follows: 

Let A be the event that the player selected has a number from 1 to 8. 

 

Let B be the event that the player selected is a guard. 

 

Let C be the event that the player selected is a forward. 

 

Let D be the event that the player selected is a starter. 

 

Let E be the event that the player selected is a center. 

Calculate P(C).

A. 0.20

B. 0.40C. 0.50

D. 0.80

 

 Protestant Catholic Jewish Other 

Democrat 0.35 0.10 0.03 0.02 

Republican 0.27 0.09 0.02 0.01 

Independent 0.05 0.03 0.02 0.01

15. The table above gives the probabilities of combinations of religion and political parties in a city in the United States. What is the probability that a randomly selected person will be a Protestant and at the same time be a Democrat or a Republican?

A. 0.89

B. 0.62

C. 0.67

D. 0.35

 

16. A breeder records probabilities for two variables in a population of animals using the two-way table given here. Given that an animal is brown-haired, what is the probability that it’s short-haired?

 Brown-haired Blond

Short-haired 0.06 0.23 

Shaggy 0.51 0.20 

A. 0.0306

B. 0.222

C. 0.105

D. 0.06

 

17. Which of the following is a discrete random variable?

A. The weight of football players in the NFL

B. The time required to drive from Dallas to Denver

C. The average daily consumption of water in a household

D. The number of three-point shots completed in a college basketball game

 

18. Find the z-score that determines that the area to the right of z is 0.8264.

A. 0.94

B. –1.36

C. –0.94

D. 1.36

 

19. Tornadoes for January in Kansas average 3.2 per month. What is the probability that, next January, Kansas will experience exactly two tornadoes?End of exam 

A. 0.4076

B. 0.2087

C. 0.2226

D. 0.1304

 

20. If event A and event B are mutually exclusive, P(A or B) =

A. P(A) + P(B).

B. P(A) + P(B) – P(A and B).

C. P(A) – P(B).

D. P(A + B).

 

·         Corporate Culture

For this assignment you will have the option to choose between three activities, please choose ONE of the follow and submit to the dropbox.

Option 1: Get Creative

Create a 6 – 8 slide Microsoft PowerPoint presentation defending why it is essential for an organization to have a positive corporate culture. In addition, discuss ways that an organization can improve a negative culture. Please include a properly formatted references page citing your sources.

Please cite your sources in the presentation on the last slide. Use APA for the citations. A detailed explanation of how to cite a source using APA can be found here (link).

Option 2: News Flash

Choose a learning objective from Week 7 and research an article on the Internet that relates to it.  Write a summary of the article discussing it as well as what it means to you.  Your summary should be a minimum of 1 – 2 pages in length and must be in your own words. Please include a properly formatted references page citing your sources.

Please cite your sources in the paper. A detailed explanation of how to cite a course using APA can be found here (link).

Option 3: Traditional Paper

Research, analyze and defend why it is essential for an organization to have a positive corporate culture. In addition, discuss ways that an organization can improve a negative culture.  Your paper should be a minimum of 2 pages in length and should include a properly formatted references page citing your sources.

Please cite your sources in the paper. Use APA style. A detailed explanation of how to cite a course using APA can be found here (link).

Here are some example assignments to help you with your assignment.  Take a look at these to help you understand what kind of submission is expected:

·         Sample Option 1: Get Creative

·         Sample Option 2: News Flash

·         Sample Option 3: Traditional Pape

 

An Annotated Bibliography is the result of a critical review of sources of information and the organization of those sources in preparation for writing the Research Project. The description and evaluation of sources allows students to choose specific sources of information that are most relevant to the topic. This evaluative process goes beyond simply collecting and listing references and requires students to review the specific content of each source. Students will submit an organized list of at least eight sources and an accompanying summary for each in order to explain, assess, and evaluate their relevance to the Research Project.

 

Information at the following is helpful in completing this portion: https://icampus.strayer.edu/sites/default/files/lrc/Writing_an_Annotated_Bibliography.pdf and

http://owl.english.purdue.edu/owl/resource/614/01/

 

Write a three to four (3-4) page paper in which you:

 

    Submit six (6) credible and evidence-based scholarly references for use in the Research   Project.

    Provide a descriptive summary of at least 150 words for each reference.

    Evaluate the relevance and applicability of each reference to your chosen topic.

    Organize the references in alphabetical order.

 

 

Your assignment must follow these formatting requirements:

 

    Be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides; citations and references must follow APA or school-specific format. Check with your professor for any additional instructions.

    Include a cover page containing the title of the assignment, the student’s name, the professor’s name, the course title, and the date. The cover page and the reference page are not included in the required assignment page length.

 

FOR FULL QUESTION, Selecting a topic document and annotated bibliography, check the link below

 

https://www.homeworkmarket.com/content/gangs-prison-system-0