Ken A Salaried Employee Was Terminated From His Company In April Of This Year Bu 1

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Ken , a salaried employee, was terminated from his company in April of this year.Business had been slow since the beginning of the year , and each of the operating plants had laid off workers.Ken’s dismissal was processed through the Human Resources Department , but the information was not relayed to the corporate payroll office.As had been the policy , checks for workers at remote sites were mailed to the employees. The mailing of ken ‘s checks continued for the next four weekly paydays. It wasn’t until the monthly payroll reports were sent to Ken’s supervisor that the error was detected .Ken refused to return the four extra checks. What actions should the company take?

 
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Keeping The Aca 2014 Code Of Ethics In Mind Read Through The Ethics Vignette Loc

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Keeping the ACA 2014 Code of Ethics in mind, read through the ethics vignette located below. Respond to the questions at the end of the vignette and post any additional ethical implications related to the vignette that you identify for your instructor and fellow learners to review.   Linda is a 42-year-old licensed mental health counselor, who has been seeing Julie as a client for six months. Julie, 38 years old, came to counseling feeling depressed. She works hard to raise two children by herself, feels overwhelmed much of the time, and has low self-esteem. She is very sensitive to rejection, and has ended several friendships when she believed the other person was critical or not accepting of her.  Over the course of their counseling relationship, Julie has developed very warm feelings for her therapist, and has sometimes wished that they had met under different circumstances so they could have been friends. Linda and Julie have a lot in common and Linda responds to Julie to reinforce this commonality. They are close in age, were raised in the same religion, have similar values, and enjoy the same activities. Coincidentally, both of their children are in the high school band together within a rural community. Julie has seen Linda at some of the band rehearsals, and they have chatted briefly by their cars afterward while waiting for their children.  In the past few sessions, Julie has talked about something “missing” in her life and has expressed a desire to reconnect with a church community. She has heard from her children that Linda’s family attends a church of the same denomination she was raised in—the only one in their small town—and tells Linda that she would also like to go to services there. She asks if Linda would introduce her to some of the members of the congregation, and help her to get acquainted with church activities or committees she might become involved in. She states, “It would be so good to see you on Sundays, too!”  Linda knows how difficult it has been for Julie to connect with other people and believes this type of community would be very supportive for her. However, Linda is a very active member in this church. She and her husband serve on several of the major committees with some of their closest friends. A good deal of her family’s social life centers around church functions and meetings, many of which regularly take place in Linda’s home.  Discussion Questions •What potential legal or ethical issues are involved and who will be impacted by them? •What possible courses of action (considering an ethical decision-making model) are there and what are the consequences? •How would you address this issue in your counseling sessions? •What potential countertransference issues are evident and need to be addressed by the counselor with a supervisor or colleague?

 
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Ken A Research Chemist Has Been Promised A Fellowship With A Stipend Of 10 000 T

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Ken, a research chemist, has been promised a fellowship with a stipend of $10,000 to do research on synthetic fuel oil. Under the terms of the fellowship, Ken is free to use the money as he sees fit. Ken decides to build his own laboratory, so he will not have to rent one. He hires a carpenter who begins working on shelving and cabinets in the laboratory. Then Ken receives a telegram saying the fellowship has been canceled. No reason is given for the cancellation. If Ken sues, will he be able to collect the money from the foundation which promised the fellowship? Explain your answer using legal terminology.

 
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Keeping It Simple I M In Math 116 Describe In 100 Words What You Have Learned Ab

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Keeping it simple (I’m in math 116. Describe in 100 words what you have learned about the linear equation x=7 and y=4.

1Describe in 100 words what you have learned about the linear equation x=7 and y=4.The x= 7 line is a vertical line.It does not have y-intercept. So the line does not intersect y-axis at all….

 
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Kelso Electric Is Debating Between A Leveraged And An Unleveraged Capital Struct 1

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Kelso Electric is debating between a leveraged and an unleveraged capital structure. The all equity capital structure would consist of 40,000 shares of stock. The debt and equity option would consist of 25,000 shares of stock plus $250,000 of debt with an annual interest rate of 5 percent. What is the break-even level of earnings before interest and taxes (EBIT) between these two options? Ignore taxes.HINT: Remember that the break-even point here means the EBIT where the EPS is the same for the unlevered and levered company. $1,242,208 $244,141 $846,333 $49,667 $33,333

 
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Keep Your Eyes And Ears Open As You Read Or Listen To The News This Week

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Keep your eyes and ears open as you read or listen to the news this week. Find/discover an example of statistics in the news to discuss the following statement that represents one of the objectives of statistics analysis: “Statistics helps us make decisions based on data analysis.” Briefly discuss how the news item or article meets this objective. Cite your references.

 
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Kelly Tough President Of Tu Rock Industries Inc

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Kelly Tough, president of Tu-Rock Industries Inc., believes that reporting operating cash flow per share on the income statement would be a useful addition to the company’s just completed financial statements. Please read a transcript of the discussion which took place between Kelly Tough and Tu-Rock controller, Tripp Kelso, in January, after the close of the fiscal year. Kelly: I have been reviewing our financial statements for the last year. I am disappointed that our net income per share has dropped by 10% from last year. This is not going to look good to our shareholders. Isn’t there anything we can do about this? Tripp: What do you mean? The past is the past, and the numbers are in. There isn’t much that can be done about it. Our financial statements were prepared according to generally accepted accounting principles, and I don’t see much leeway for significant change at this point. Kelly: No, no. I’m not suggesting that we “cook the books.” But look at the cash flow from operating activities on the statement of cash flows. Kelly: The cash flow from operating activities has increased by 20%. This is very good news—and, I might add, useful information. The higher cash flow from operating activities will give our creditors comfort. Tripp: Well, the cash flow from operating activities is on the statement of cash flows, so I guess users will be able to see the improved cash flow figures there. Kelly: This is true, but somehow I feel that this information should be given a much higher profile. I don’t like this information being “buried” in the statement of cash flows. You know as well as I do that many users will focus on the income statement. Therefore, I think we ought to include an operating cash flow per share number on the face of the income statement—someplace under the earnings per share number. In this way users will get the complete picture of our operating performance. Yes, our earnings per share dropped this year, but our cash flow from operating activities improved! And all the information is in one place where users can see and compare the figures. What do you think? Tripp: I’ve never really thought about it like that before. I guess we could put the operating cash flow per share on the income statement, under the earnings per share. Users would really benefit from this disclosure. Thanks for the idea—I’ll start working on it. Kelly: Glad to be of service. How would you interpret this situation? Is Tripp behaving in an ethical and professional manner?

 
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Keep These Key Elements In Mind As You Explore The Week 1 Materials Then Address

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Keep these key elements in mind as you explore the Week 1 materials, then address these questions:

  • 1 – What are the key differences between managerial and financial accounting?
  • 2 – How is managerial accounting relevant to you in your future career?
  • 3 – Why has ethical behavior in the area of accounting and finance become so important?
 
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Kelly Pitney Began Her Consulting Business Kelly Consulting On April 1 2010 Duri

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Kelly Pitney began her consulting business, Kelly Consulting, on April 1, 2010. During May, Kelly Consulting entered into the following transactions:May 3. Received cash from clients as an advance payment for services to be provided and recorded it as a credit to unearned fees, $2,500. Received cash from clients on account, $1,750. Paid cash for a newspaper advertisement, $300.13. Paid Office Station Co. for part of the debt incurred on April 5, $400. Recorded services provided on account for the period May 1-15, $6,100. Paid part-time receptionist for two weeks’ salary including the $120 owed on April 30, $750. Debit the Salaries Payable for the $120 owed. 17. Recorded cash from cash clients for fees earned during the period May 1-16, $8,200.20. Purchased supplies on account, $400.21. Recorded services provided on account for the period May 16-20, $3,900.25. Recorded cash from cash clients for fees earned for the period May 17-23, $5,100.27. Received cash from clients on account, $9,500.28. Paid part-time receptionist for two weeks’ salary, $750.30. Paid telephone bill for May, $120.31. Paid electricity bill May, $290.31. Recorded cash from cash clients for fees earned for the period May 26-31, $3,875.31. Recorded services provided on account for the remainder of May, $3,200.30. Kelly withdrew $8,000 for personal use.Instructions:1. Journalize and post each transaction presented above, referring to the following chart of accounts in selecting the accounts to be debited and credited. (See K & A Getting Started icon for help starting this problem.) 31 Kelly Pitney, Capital32 Kelly Pitney, Drawing33 Income Summary41 Fees Earned51 Salary Expense52 Rent Expense53 Supplies Expense54 Depreciation Expense55 Insurance Expense59 Miscellaneous Expense2. Prepare a trail balance as of May 31, 2010. (Check with Comp Prob 1 – Trial Balance) 3. Journalize and post the adjusting entries in the General Journal. a. Insurance expired during May is $300b. Supplies on hand on May 31 are $600.c. Depreciation of office equipment for May is $330.d. Accrued receptionist salary on May 31 is $240e. Rent expired during May is $1,600.$3,000)4. Prepare an income statement, a statement of owner’s equity, and a balance sheet.5. Journalize and post the closing entries in the General Journal.6. Prepare a post-closing trial balance.When finished, please submit to the instructor one copy of the Journal; the Trial Balance before adjustments; the Income Statement; the Statement of Owner’s Equity; and the Balance Sheet.

 
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Kelly Owns All The Stock In Duncan Corp Her Duncan Stock Has A Basis Of 120 000

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Kelly owns all the stock in Duncan Corp. Her Duncan stock has a basis of $120,000 and a fair market value of $150,000. Duncan Corp. is merged into Munro Cop. Pursuant to the reorganization, Kelly receive Munro preferred stock worth $50,000 and Munro common stock worth $100,000 in exchange for her Duncan Corp. 

a.   What is the amount and character of Kelly’s realized and recognized gain

b.   What is Kelly’s tax basis for her Munro Corp. preferred stock and common stock

 
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