In 2013, Emily invests $100,000 in a limited partnership that is not a passive activity

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In 2013, Emily invests $100,000 in a limited partnership that is not a passive activity. During 2013, her share of

the partnership loss is $70,000. In 2013, her share of the partnership loss is $50,000. How much can Emily deduct in 2013 and 2014?

 
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Hello I need help ( Accounting Information System) CASE 7-1 The Greater Providence Deposit & Trust Embezzlement I have attach the case 7/1 I need short answer 8 questions at the end of the case.

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Hello I need help ( Accounting Information System)

CASE 7-1 The Greater Providence Deposit & Trust

Embezzlement

I have attach the case 7/1

I need short answer 8 questions at the end of the case.

In a word document.

CASE 7-1 The Greater Providence Deposit &TrustEmbezzlementNino Moscardi, president of Greater Providence Deposit &Trust (GPD&T), received an anonymous note in his mailstating that a bank employee was making bogus loans.Moscardi asked the bank’s internal auditors to investigatethe transactions detailed in the note. The investigationled to James Guisti, manager of a North Providencebranch oFce and a trusted 14-year employee who hadonce worked as one of the bank’s internal auditors. Guistiwas charged with embezzling $1.83 million from the bankusing 67 phony loans taken out over a three-year period.Court documents revealed that the bogus loans were 90-day notes requiring no collateral and ranging in amountfrom $10,000 to $63,500. Guisti originated the loans;when each one matured, he would take out a new loan, orrewrite the old one, to pay the principal and interest due.Some loans had been rewritten ±ve or six times.The 67 loans were taken out by Guisti in ±ve names,including his wife’s maiden name, his father’s name, andthe names of two friends. These people denied receivingstolen funds or knowing anything about theembezzlement. The ±fth name was James Vanesse, whopolice said did not exist. The Social Security number onVanesse’s loan application was issued to a female, andthe phone number belonged to a North Providence autodealer.Lucy ²raioli, a customer service representative whocosigned the checks, said Guisti was her supervisor andshe thought nothing was wrong with the checks, though
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Hello I need help the attach assignments, Case 13.1 (page 411) – Research Project: Impact of Information

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Hello I need help the attach assignments, Case 13.1 (page 411) – Research Project: Impact of Information

Technology on Expenditure Cycle Activities, Threats, and Controls: In two to three pages, answer questions a and b at the end of the case.

thanks

CASE 13-1 Research Project: Impact of InformationTechnology on Expenditure Cycle Activities, Threats,and Controls Search popular business and technologymagazines (Business Week, Forbes, Fortune, CIO, etc.)to ±nd an article about an innovative use of IT that canbe used to improve one or more activities in theexpenditure cycle. Write a report that:a. Explains how IT can be used to change expenditurecycle activities.b. Discusses the control implications. Refer to Table 13-2, and explain how the new procedure changes thethreats and appropriate control procedures formitigating those threats.Table 13-2 shows that one way (control 1.1) to mitigate the threat ofinaccurate or invalid master data is to employ the data processingintegrity controls described in Chapter 10. It is also important torestrict access to expenditure cycle master data and con±gure thesystem so that only authorized employees can make changes tomaster data (control 1.2). This requires changing the defaultcon±gurations of employee roles in ERP systems to appropriatelysegregate incompatible duties. For example, consider the situationwhere an accounts payable clerk enters the name of a supplier whois not currently on the list of approved suppliers. The defaultcon±guration of many ERP systems would result in a prompt queryas to whether the clerk wants to create a new supplier record. Thisviolates proper segregation of duties by permitting the personresponsible for recording payments to suppliers to also authorize thecreation of new accounts. Similarly, the default con±gurations ofmany ERP systems permit accounts payable sta² not only to readthe prices of various products and the current balances owed tosuppliers but also to change the values of those data items. Theseexamples are just some of the many con±guration settings thatneed to be reviewed to ensure proper segregation of duties.
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ACCT346 Week 6 Homework Assignment Question 1.  The Von Pottasnevitch Company sells office

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ACCT346 Week 6 Homework Assignment

Question 1.  The Von Pottasnevitch Company sells office

products and for the most part has a regular group of customers and fairly predictable sales. Many of the company’s customers are offered credit, while other clients do business on a cash basis. The company’s monthly sales are consistently split between 10% cash business and 90% on credit. The credit sales are collected 50% in the same month of the sale and the remaining 50% is due the following month. Sales for the upcoming first quarter of the next year are estimated as follows:

                                    January:                $100,000

February:              $200,000

March:                    $150,000

Calculate the expected cash collections for February.

Question 2.  The Walkabout Corporation manufactures boomerangs (its only product). The company’s standards for manufacturing boomerangs are as follows:

Standard direct labor rate per hour $ 18.50 per hour
Standard direct labor hours per boomerang 0.4 hours

During the month of January, the company produced 1,800 boomerangs. Actual production data for the month follows:

Actual direct labor hours worked 700 hours
Actual direct labor cost incurred $ 14,000

Part A.  Calculate the labor rate variance for the month. Is it favorable or unfavorable?

Part B.  Calculate the labor efficiency variance for the month. Is it favorable or unfavorable?

 
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