ACC 305 Course / Tutorialrank

ACC 305 Course / Tutorialrank

ASHFORD ACC 305 Week 1 Assignments E 3-18, E 3-20, J Case 3-5


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ACC 305 Week 1 Assignments E 3-18, E 3-20, J Case 3-5


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ASHFORD ACC 305 Week 3 Communication Case 6-3


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Harvey Alexander, an all-league professional football player, has just declared free agency. Two teams, the San Francisco 49ers and the Dallas Cowboys, have made Harvey the following offers to obtain his services:
49ers: $1 million signing bonus payable immediately and an annual salary of $1.5 million for the five-year term of the contract.
Cowboys: $2.5 million signing bonus payable immediately and an annual salary of $1 million for the five-year term of the contract.
With both contracts, the annual salary will be paid in one lump sum at the end of the football season.
Required:
You have been hired as a consultant to Harvey’s agent, Phil Marks, to evaluate the two contracts. Write a short letter to Phil with your recommendation including the method you used to reach your conclusion. Assume that Harvey has no preference between the two teams and that the decision will be based entirely on monetary considerations. Also assume that Harvey can invest his money and earn an 8% annual return.


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ASHFORD ACC 305 Week 3 Judgment Case 7-5


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For each of the following independent situations, indicate the apparent internal control weaknesses and suggest alternative procedures to eliminate the weaknesses.
1. John Smith is the petty cash custodian. John approves all requests for payment out of the $200 fund, which is replenished at the end of each month. At the end of each month, John submits a list of all accounts and amounts to be...

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