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Employees of the divisions of JX Controls, Inc. receive a bonus of 4% of their salary in any year in which the divisional return on assets is above 10%. Toward the end of 2004, accountants for the fire alarm division projected the following year-end numbers:

At a meeting of divisional managers, Susan Torres, divisional vice president, told the group, “We’ve never received the bonus, although several other divisions have. Our employees work just as hard, and many of them really need the extra money for their families; I’d like us to get the bonus for them, as well as for ourselves. What ideas do you have for pulling it off?” A variety of ideas were raised:

• “Let’s do what we can about sales. We have an order for 40,000 in goods to be shipped in early January; could we get those out the door in December, and add that gross margin to this year’s numbers?”

• “Sure—good idea. We might even accidentally overship by 20% and record the extra in this year’s sales.”

• “Could we slow down a bit on paying our bills? Wouldn’t a few suppliers be willing to wait until January—maybe for about 50,000?”

• “We’ve got that old forming machine that hasn’t been used for a year; it’s really useless. It’s on the books at 60,000 and is 70% depreciated, but it’s worth only about 3,000 as scrap. Have we written it down?”

• “The projection includes that new 90,000 bending machine that just came in. We should have delayed ordering it—but we haven’t booked it. Could we forget to record the machine and the payable until January?”

Required Write a short report reacting to the meeting. Determine which proposals would both be in accordance with accounting standards and actually raise return on assets. Calculate return on assets for the current projection, and with the inclusion of those measures that meet these two tests. Also include your thoughts about the advantages and disadvantages of such a bonus system.

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Discuss the major control implications of batch systems with real-time data input. What compensating procedures are available?

Payroll Fraud

John Smith worked in the stockyard of a large building supply company. One day he unexpectedly and without notice left for California, never to return. His foreman seized the opportunity to continue to submit timecards for John to the payroll department. Each week, as part of his normal duties, the foreman received the employee paychecks from payroll and distributed them to the workers on his shift. Since John Smith was not present to collect his paycheck, the foreman forged John’s name and cashed it.

Required:

Describe two control techniques to prevent or detect this fraud scheme.

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I am doing Bachelors’s in Marketing & I need expert help in choosing a “topic for my thesis”!

Please give your valuable suggestions for topics for thesis writing!

  • Academic Discipline must be “Marketing”
  • The field should be “Consumer Behavior”.
  • The topic must have different variables in it, so, it would be easy for me to research it.
  • If the topic is related to digital marketing then it is more than welcome!
  • Make sure the topic is well integrated into the Pakistani Market, I will be writing my thesis based on the Pakistani Market.
  • It must be a topic that should have similar already researched papers so they can be helpful in writing a literature review.
    P.S
    “Impact of Digital marketing on Purchase decision of FMCG Products: A special reference to Pakistan’s market”

    One of my friends has already chosen this topic, please give me another topic!

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Edith Mitchell, accompanied by her thirteen-year-old daughter, went through the checkout at Wal-Mart and purchased several items. As they exited, the Mitchells passed through an electronic antitheft device, which sounded an alarm. Robert Canady employed by Wal-Mart as a “people greeter” and security guard, forcibly stopped Edith Mitchell at the exit, grabbed her bag, and told her to step back inside. The security guard never touched Edith or her daughter and never threatened to touch either of them. Nevertheless, Edith Mitchell described the security guard’s actions in her affidavit as “gruff, loud, rude behaviour.” The security guard removed every item Mitchell had just purchased and ran it through the security gate. One of the items still had a security code unit on it, which an employee admitted could have been overlooked by the cashier. When the security guard finished examining the contents of Mitchell’s bag, he put it on the checkout counter. This examination of her bag took ten or fifteen minutes. Once her bag had been checked, no employee of Wal-Mart ever told Mitchell she could not leave. Mitchell was never threatened with arrest. Mitchell brought a tort action against Wal-Mart.

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