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Question APU ACCT300 all quiz all forum all assignment

Question APU ACCT300 all quiz all forum all assignment

Question
APU ACCT300

all quiz all forum all assignment

Week 2 forum

The following is an excerpt from a conversation between Eric Jackson and Carlie Miller. Eric is debating whether to buy a stereo system from First Audio, a locally owned electronics store, or Dynamic Sound Systems, an online electronics company.

Eric: Carlie, I don’t know what to do about buying my new stereo.

Carlie: What’s the problem?

Eric: Well, I can buy it locally at First Audio for $890.00. But Dynamic Sound Systems has the same system listed for $899.99.

Carlie: So what’s the big deal? Buy it from First Audio.

Eric: It’s not quite that simple. Dynamic Sound Systems said something about not having to pay sales tax, since I was out of state.

Carlie: Yes, that’s a good point. If you buy it at First Audio, they’ll charge you 6% sales tax.

Eric: But Dynamic Sound Systems charges $13.99 for shipping and handling. If I have them send it next- day air, it’ll cost $44.99 for shipping and handling.

Carlie: I guess it is a little confusing.

Eric: That’s not all. First Audio will give an additional 1% discount if I pay cash. Otherwise, they will let me use my VISA, or I can pay it off in three monthly installments.

Carlie: Anything else???

Eric: Well… Dynamic Sound Systems says I have to charge it on my VISA. They don’t accept checks.

Carlie: I am not surprised. Many online stores don’t accept checks.

Eric: I give up. What would you do?

1. Assuming that Dynamic Sound Systems doesn’t charge sales tax on the sale to Eric, which company is offering the best buy?

2. What might be some considerations other than price that might influence Eric’s decision on where to buy the stereo system?

Week 3 forum

The following is an excerpt from a conversation between two sales clerks, Tracy Rawlin and Jeff Weimer. Both Tracy and Jeff are employed by Magnum Electronics, a locally owned and operated electronics retail store.

Tracy: Did you hear the news?

Jeff: What news?

Tracy: Bridget and Ken were both arrested this morning.

Jeff: What? Arrested? You’re putting me on!

Tracy: No, really! The police arrested them first thing this morning. Put them in handcuffs, read them their rights— the whole works. It was unreal!

Jeff: What did they do?

Tracy: Well, apparently they were filling out merchandise refund forms for fictitious customers and then taking the cash.

Jeff: I guess I never thought of that. How did they catch them?

Tracy: The store manager noticed that returns were twice that of last year and seemed to be increasing. When he confronted Bridget, she became flustered and admitted to taking the cash, apparently over $ 15,000 in just three months. They’re going over the last six months’ transactions to try to determine how much Ken stole. He apparently started stealing first.

Suggest appropriate control procedures that would have prevented or detected the theft of cash.

Week 4 forum
Jas Carillo was discussing summer employment with Maria Perez, president of Valparaiso Construction Service:

Maria: I’m glad that you’re thinking about joining us for the summer. We could certainly use the help.

Jas: Sounds good. I enjoy outdoor work, and I could use the money to help with next year’s school expenses.

Maria: I’ve got a plan that can help you out on that. As you know, I’ll pay you $4 per hour; but in addition, I’d like to pay you with cash. Since you’re only working for the summer, it really doesn’t make sense for me to go to the trouble of formally putting you on our payroll system. In fact, I do some jobs for my clients on a strictly cash basis, so it would be easy to just pay you that way.

Jas: Well, that’s a bit unusual, but I guess money is money.

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