Tina Bailey, a student of intermediate accounting, was heard to remark after a class discussion on segment reporting, “All this is very confusing to me. First we are told that there is merit in presenting the consolidated results, and nowwe are told that it is better to show segmental results. I wish they would make up their minds.” Evaluate this comment.

Ma4. Please give only typed answer.

Not Graded(Please explain in A.B.C etc Format)Please give realistic, answers so I can understand.Thank You!Porter Corporation has just hired Bill Harlow as its new controller. Although Harlow has had little formal accounting training, he professes to be highly experienced having learned accounting "the hard way" in the field. At the end of his first months work, Harlow prepared the following performance report: Porter CorporationPeformance reportFor the moth June, 2018   Total Actual Cost Total Budgeted Costs Variances         Direct Materials 216,630 237,600 20,970 (F) Direct Labor 119,340 132,000 12,660 (F) Variable Overhead 63,000 66,000 3,000(F) Fixed Overhead 184,00 184,00     582,970 619,000 36,630 (F) In the presentation at Porters month end management meeting, Harlow indicated that things were going "fantastically." the figure indicate, he said, "that the firm is beating its budget in all cost categories. " This good news made everyone at the meeting happy and…

Calculate materiality for the client, assuming that it is a profit-oriented company and moderate audit risk. Explain why you chose the base you did and why you chose the percentage. You may use guidelines from the textbook or the case study and should refer to the specific guidelines you used in your answer.      Current Year   Prior Year  Sales/revenue (net)    30,381,954   26,290,518 Expenses      7,263,786     6,519,376 Gross Margin      8,378,660     7,280,887 Pre-tax Income      1,114,873        761,510 Current Assets    18,993,546   16,966,273 Current Liabilities      8,221,991     6,810,164 Total Assets    19,679,541   17,670,625

Please review the rubric prior to beginning the assignment to become familiar with the expectations for successful completion.You are required to submit this assignment to LopesWrite. Please refer to the directions in the Student Success Center.Paul Duncan, financial manager of EduSoft Inc., is facing a dilemma. The firm was founded 5 years ago to provide educational software for the rapidly expanding primary and secondary school markets. Although EduSoft has done well, the firm's founder believes an industry shakeout is imminent. To survive, EduSoft must grab market share now, and this will require a large infusion of new capital.Because he expects earnings to continue rising sharply and looks for the stock price to follow suit, Mr. Duncan does not think it would be wise to issue new common stock at this time. On the other hand, interest rates are currently high by historical standards, and the firm's B rating means that interest payments on a new debt issue would be prohibitive.…

Hello! Please help me answer the question and activity costs. they are both in bold. Thank you!! :)   Selecting Chart of Accounts The company’s accounting intern is new and has confused the Finn Corporation’s regular chart of accounts with the proposed chart of accounts for the lean accounting system. Review the charts of accounts on the Chart of Accounts I and Chart of Accounts II, and then answer the following question. Which chart of accounts should Finn Corporation most likely implement if they want to use lean accounting principles? (chart of accounts I, chart of accounts II, both will work equally well)     Question Content Area Cost of Quality Report This year, Finn Corporation implemented programs designed to assess the costs of quality for the company. However, the company recently suffered a data loss, and some of its records have been either partially or completely erased. The accounting intern for Finn Corporation has located a copy of a recent cost of quality…

Two classes used the same accounting textbooks, had the same arrangements, and showed equal intellectual ability and scores on a science pre-test. Why did one class score much higher on the final achievement test?A. Environmental factors in the classroom of the successful group were more conducive to learningB.The accounting teacher of the successful group explained the materials in more detailC. The parents of the successful group exerted severed pressure on these studentsD. The successful group had class-supervised study periodsE. The successful group had more students who liked the subject

You just gave an in-depth presentation on the company's new marketing programs intended for the specialists in the marketing department. The market manager then asked you to give a shorter version of the presentation to the company's top executives. In general, how should you modify the scope of your presentation for this audience.

The head of the accounting department is not satisfied with the implementation of the new system. He believes that the new system will result in job losses for many of the bookkeepers. They are threatening industrial action. In your role as project sponsor, what should you do to resolve the situation?

There is an ongoing debate on the elimination of receiving functions. One strand of accountants arguesthat the receiving department should be eliminated. Conversely, another strand of accountants is infavour of receiving department. Discuss the objective of eliminating the receiving function. Also, discussthe accounting and audit problems need to be resolved.