ABC Corporation has recently given out a nine-month contract to a construction subcontractor. At the end of the first month, it becomes obvious that the subcontractor is not reporting costs according to an appropriate WBS level. ABC Corporation asks the subcontractor to change its cost reporting procedures. The subcontractor states that this cannot be done without additional funding. This problem has occurred with other subcontractors as well. What can ABC Corporation do about this?

Mr. Lopez's kitchen sink started flooding and spilling water all over the kitchen. He decided to call Paul's Famous Plumbing to take a look at the sink. When Paul assessed the sink, he told Mr. Lopez that the lower P-Trap pipe was cracked and a new pipe was needed. Paul told Mr. Lopez that the service will cost $50 but it will not include the cost of the new pipe. If Mr. Lopez wants, Paul can provide the P-Trap pipe for an additional $10 or Mr. Lopez can go to the local home improvement store and buy the pipe himself. This is an example of? O Common Law O U.C.C. O Unilateral Contract O Detrimental Reliance O None of the Above

On part D, the $600 was wrong. Is there another possible solution?

Determine the type of risk response being described in each case.Mr. Author annually publishes a new version of his textbook. He acknowledges that some students will use the old version instead. He also understands that some students will obtain a fake copy of his book. This will like reduce his sales volume. a. Avoidanceb. Mitigationc/ AcceptanceABC Corporation does not want to be liable for transportation losses. It sells only with the terms FOB Shipping point. a. Avoidanceb. Mitigationc. AcceptanceEmployees are required to participate in the annual earthquake drill. They are reminded to keep calm to avoid stampedes. a. Avoidanceb. Mitigationc. Acceptance

Jack, a stockbroker, was an inexperienced in tax. He has sought the advice of an independent designated tax professional to advise him on tax planning and tax shelter that he needs. Simon, who is a designated accountant who specialized in those areas, advised Jack to invest in a number of multiple unit residential building (MURBs), a real estate investment project as tax shelter, by the conventional wisdom, were safe and conservative. When the value of MURBs fell during a decline in the real estate market, Jack lost heavily in his investment. Though the advice was perfectly sound at the time it was given, but unknown to Jack, Simon was also acting as adviser for developers in restructuring the MURBs and did not disclose that fact to Jack.  In the context of breach of contract, is Jack liable for the loss of investment? In the context of breach of fiduciary duty, is Jack liable as well? Does ethics issue involve? Please state your reasons.   Mr. Hunt, who has just retired, set up an…

Give a detailed explanation of whether the following statements are true or false. • The buyer of an option has an obligation to purchase the underlying asset in the case of a call, or sell in the case of a put, which the seller of an option has the right to deliver in the case of a call, or take delivery in the case of a put. • Call-put parity implies that currency puts and calls written with exercise prices at the forward rate will have different values because, if the foreign interest rate exceeds the domestic rate, the forward rate is at a discount; therefore, the exchange rate is expected to depreciate, making the put more valuable

A company purchased an item that is in the 7-year property class and has a cost basis of $12000. If the company purchased the item in a year that allowed 50% bonus depreciation, how much would the company be allowed to depreciate the asset in year 1 if the balance of the asset basis (after the bonus depreciation is deducted) was depreciated using the MACRS? Report your answer to the nearest dollar. Be sure to include in your answer the sum of both the bonus depreciation and the MACRS depreciation.

If a product in question has an insignificant cost, it might not be worth the trouble to trace the cost of that item to a particular cost center, and that item would be considered indirect. If the cost of tracing the cost of that item is high in relation to the benefits received from tracing it, the item would likely be considered as indirect material. If the design of the manufacturing process easily permits all the items to be traced to a single type of cost center, then it would be easy for a company to consider that material to be direct. Overall, the direct/indirect classification is decided on a cost/benefit basis. In your response to this discussion, state why is it possible that a raw material such as glue might be considered as an indirect material for one furniture manufacturer and as a direct material for another furniture manufacture? Also for this discussion, what are the differences between direct costs and indirect costs? Give an example of each.

On December 31, 2019, the unadjusted trial balance of Tarzwell Services showed the following balances: Accounts receivable Allowance for doubtful accounts Sales $200,000 1,000 Cr. 700,000 The business has given up trying to collect $5,000 of its accounts receivable but has not yet recorded the write-off entry. The firm uses the allowance method to estimate bad-debt expense. Required a) Provide the entry for the write-off. b) If the firm uses the percent-of-sales allowance method for recording bad-debt expense, and has experienced an average 6% rate of non-collection based on sales, provide the entry to record bad-debt expense for 2019. c) Assume that after the firm recorded the $5,000 of write-offs, it determined that 18% of its remaining accounts receivable will be uncollectible under the aging method. Provide the entry to record bad-debt expense. Don't give answer in image format

Focusing on cases in which transaction costs prevent the existence of a private market for pollution abatement rights, address the following issues: Because of the incentive challenges presented by direct surveying methods, theorists have focused on truth telling mechanism design. Assuming that both a provider and a user of abatement services are privately informed about their respective costs and benefits, briefly describe a Vickrey procedure that would provide incentives for them to truthfully reveal their private information to the government, explaining conceptually how it works.