PART A  Create and manage a portfolio of stocks – checking its performance at least once a week
PART B – Provide rationale for portfolio choice
PART C Analyze one of your company’s income statement, balance sheet, and statement of cash flows (a paragraph for each
PART D  Identify a company to attend a conference call for one of your companies or one in the same industry Summarize the call  Presentation to the class
PART E Provide a conclusion of this project, what were your gains/losses, what would you change if you did this exercise again, what did you learn about financial management from this project

Task:

After working as a financial accountant for several years, you decide to apply for a position you learned about during a virtual career fair offered by UMGC’s Career Services. The most prestigious accounting firm in the District of Columbia, Levin, Lombard, & Wolod, LLC, were looking to hire several accountants and preferred UMGC graduates given the reputation of its graduate accounting programs. Shortly after the virtual fair, you receive a certified letter in the mail stating: “The Supervising Senior Auditor approved your application for an auditing position. Please contact our Human Resources Department at 201-000-0000 to continue in the hiring process. We look forward to having you on the Levin, Lombard, & Wolod, LLC team.”

Within a few months, the Supervising Senior Auditor (your professor) assigns you to a team auditing Marco Appliances, Inc. The Supervising Senior Auditor calls to say “I’m assigning you to this particular audit team because it will provide a good opportunity for you to demonstrate your knowledge and skills on a portion of the audit process of a valued client, Marco Appliances, Inc. a small appliance wholesaler.” You are familiar with Marco Appliances (Marco) because your parents, who owned a retail appliance store decades ago, purchased inventory from Marco. You recall the store’s address because it is the same as your birthday; 18 January Lane in Annapolis, MD 21401. The Supervising Senior Auditor leads the audit teams and makes recommendations, including structuring the parts of the audit and presenting the results of a preliminary review to the Manager.
During the last five years, a small local CPA firm has been conducting the Marco Appliances audit. Feeling a need for greater diversity, Marco Appliances selected your firm to conduct its 2015 audit. Marco is a small company with 50 employees including the corporate officers that specializes in supplying a line of high-quality household appliances to residential construction contractors in a large and growing metropolitan area. Marco has a list of customers, mostly custom builders of single-family dwellings and some builders of single and multiple family units. Marco’s basic marketing strategy is to ensure all inventory items are in stock and offered at competitive prices. At the end of every quarter, Drew Black, Marco’s President, reviews product costs and adjusts the authorized selling prices of products, as necessary. He makes the selling price adjustments based on his assessment of how his competitors may change their pricing in the coming year. Drew also considers his fiduciary duty to maximize shareholders’ wealth.

The 2008 global recession affected the wholesale appliance industry, which has had a slow economic recovery but is showing signs of improvement. Before the recession, the industry’s gross sales were growing at a real rate of approximately 7% per year, with the usual wide variations from year to year due to fluctuations in the residential housing industry. During the recession, Marco sales fell 15%. Fortunately, real growth rates for the industry are starting to increase to around 3% in the current year. Marco management expects future growth in the industry to be about the same level for the next three to five years. There is some concern that the Marketing Manager’s marketing strategy is ineffective because Marco sales fell more than the industry during the recession and have not grown as fast as the industry in recent years.

Marco facilities consist of a single warehouse and office building next to a railroad siding and a major highway. Warehouse personnel simply unload rail deliveries with the forklifts and flat trucks used to handle inventory inside the warehouse. Customers pick up all purchases at this location; thus, the company avoids maintenance expenses on its vehicles, which would be incurred if Marco delivered to its customers. To further trim costs, Marco contracts with the trucking business next door to deliver goods (FOB shipping) to some customers. All sales are final when appliances leave the Marco loading dock for customer pick up orders and deliveries.

Marco is a privately held corporation that was incorporated in the same state in which its home office is located. It operates in its home state and three surrounding states. Shareholders include approximately 300 individuals and businesses. Currently, Marco’s top management owns over 50% of the outstanding stock. The Board of Directors voted to expand operations and is planning to go public with an initial public offering (IPO) within the next year. Executing an IPO will require the Board to disclose historical financial information.

Marco currently provides audited financial statements to banks when seeking loans and, therefore, has incurred audits in each of the last five years by the same accounting firm. Because Marco is a small company, their local bank insisted on adding restrictive covenants to the firm’s last loan agreement. These covenants include a provision that allows the bank to call the loan immediately and in full if Marco’s current and debt to equity ratios fall below specified levels. The covenants also set limits on the dollar amount of dividends the firm can pay.

To help stimulate sales and operating efficiency, Marco recently instituted a profit-sharing bonus agreement for its employees, including top management. The impetus behind the profit-sharing agreement arose because employees had gone without raises for several years. The agreement bases employee bonuses on unaudited net income from last year to adjust employees’ salaries at the beginning of the next year. However, management will adjust future bonuses for any audit adjustments made after the bonuses are set, based on unaudited data. The firm sets a bonus pool based on five percent of operating income, which limits the total amount available to pay bonuses. Management bases individual bonuses on an employee’s position, length of service, and certain specific negotiated terms with individual officers.

Marco’s Board of Directors includes Drew Black, its current president; Dakota Amalia, the Controller; Harper Kim, the Secretary/Treasurer; two shareholders, each of whom own a five percent interest in the firm; and one retired CPA, Montana Green. While there is no audit committee, the board as a whole takes an active role in hiring and monitoring the firm’s outside auditor. It also relies on the leadership of Mr. Washington to determine the scope of the audit engagement. Mr. Washington was recruited to the Board last year because the prior president and Controller retired during the year and, therefore, the current president and Controller have been in their positions for less than one year. Management promoted the new Controller from within, but they recruited the new president from outside the firm.

Marco selected a new auditor for this year’s audit engagement because their previous auditor had been with the company for five years. The Board felt it was time to seek new insights into their operations and preferred working with a more diverse audit firm. Further, they wanted to hire a larger auditing firm with a more established reputation to support their anticipated IPO.

This is a paper that is focusing on the student to discuss the congress and the executive branch post Spanish American war. The paper also provides additional information to use in the writing of the assignment paper.

The congress and the executive branch post Spanish American war

CONGRESS AND THE EXECUTIVE BRANCH POST-SPANISH AMERICAN WAR PAPER INSTRUCTIONS
In this assignment, students will understand the growth and development of executive leadership by looking at the dynamics between the President and Congress in the period since the Spanish American War. In writing this 6-8 pgs. paper you will:

1. Discuss President Roosevelt’s vision of America’s role in the international environment and how it changed the Presidential inclination to act.
2. Evaluate congressional responses to the more aggressive Executive Branch
3. Discuss how the growth in government—particularly in military forces—gave the President more options.
4. Provide new thoughts related to this topic.

Instructions:

This paper must include at least 8 references.
In-text citations are required to support your points, statements, issues, arguments, concerns, and opinions.
The cover page needs to include this statement: By submitting this assignment, I attest this submission represents my own work, and not that of another student, scholar, or internet source. I understand I am responsible for knowing and correctly utilizing referencing and bibliographical guidelines.

The cover page abstract and the reference pages are not included in the required assignment page length/word count, but are required as part of your paper. • The APA required introduction, conclusion sections and subject headings are expected.
The introduction and conclusion sections should not be longer than ½ page each unless the paper is at least 3000 words long not including cover page, abstract page, table pf contents page and reference page.
Sources of information from Wikipedia, dictionaries, and encyclopedia will not be accepted.
Citations should accompany each written assignment thesis statement, paragraph topic sentences, and supporting statements of fact and opinion.
Paragraph lengths: Each paragraph should have a topic sentence unless it continues from, or provides support to the prior paragraph. A paragraph is in this course as being at least 4 sentences in length.
Similarity scores must not exceed 20%.
Main subject headings besides the abstract, introduction, conclusion, and reference headings should restate each assignment question as a short-paraphrased statement.
Avoid clichés, slang, jargon, exaggerations, abbreviations, figurative language, and language that is too informal and too subjective.
Biblical based topical analysis and biblical integration needs to be specific to the subject with a depth that is greater than a general Christian worldview.

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You are assigned to the December 31, 2016, audit of Sea Gull Airframes, Inc. The company designs and manufactures aircraft superstructures and airframe components. You observed the physical inventory at December 31 and are satisfied that it was properly taken. The inventory at December 31, 2016, has been priced, extended, and totaled by the client and is made up of about 5,000 inventory items with a total valuation of $8,275,000. In performing inventory price tests, you have decided to stratify your tests and conclude that you should have two strata: items with a value over $5,000 and those with a value of less than $5,000.

The book values of the entire amount of inventory consisted of the following:

	No. of Items	Total Value
More than $5,000	500	$4,150,000
Less than $5,000	4,500	4,125,000
	5,000	$8,275,000

In performing pricing and extension tests, you have decided to test 50 inventory items in detail. You selected 40 of the over $5,000 items and 10 of those under $5,000 at random from the population.

Your sample consisted of the following:

	No. of Items	Total Value
More than $5,000	40	$439,000
Less than $5,000	10	4,131

Sea Gull Airframes uses a periodic inventory system and values its inventory using FIFO (first in first out). You were able to locate all invoices needed for your examination.

You find no issue with 43 of the 50 items sampled. There are seven inventory items (A-G) in the sample which you believe may possibly be misstated, and you have decided to investigate further. You have pulled information from purchase records to help you determine if the items A-G are correctly stated. Information on the following page.

Inventory Items A-G As Reported by Client

Most Recent Inventory Purchase Records from Invoices – Related to Items A-G

Information For Pricing From Invoices (Sea Gull Airframes)

ADDITIONAL INFORMATION DISCOVERED:

In addition to the above purchase records, you discovered a freight bill for voucher 12-23 in the amount of $200. This bill was entered in the freight-in account and should have been added to the cost of the inventory item.

Required

1. Review all information and determine the inventory misstatements of the seven items in question. In the Excel file, Workpaper1 tab, complete the schedule for the seven items. Add remarks regarding each item A-G for any discrepancies.

Tips:

• If the date paid is within the time frame to receive the 2% discount (2/10 n/30), be sure to adjust the cost of inventory for that discount. Compare the voucher date with the date paid to determine the number of days before the invoice was paid. (I changed the date paid on voucher 12-23 to have no issue with whether it was paid within 10 days or not — it was not paid in 10 days, there was no cash discount received)
• Don’t forget to add the freight bill to Voucher 12-23. Allocate the freight cost to the total number of units purchased with that shipment.
• There may not be any adjustments to some of the inventory items.

2. Prepare an audit schedule to summarize your findings on Workpaper2 Extrapolate the results from the sample to the entire population. Project the total misstatement of Inventory as a whole. Refer to pages 241-243 of your book for the calculation to project sample results to a population. Ignore sampling risk for this calculation. Note: You will need to project the misstatement to the population for each stratum, and then add them together to summarize the whole population.

3. As you were evaluating each inventory item, what concerns do you have regarding the valuation of inventory (the application of lower of cost or market / consideration of obsolete inventory) regarding items A-G?

This is a paper that requires the student to discuss the growth and development assessment project. The paper also provides additional information to use in the writing of the assignment paper well.

Discuss the growth and development assessment project

Growth and Development Assessment Project Guidelines:

Choose a person you know well and complete a developmental summary across the life span for this person. You can choose a person from any of the developmental stages, but just know you will be analyzing their development in ALL stages of life.

Determine the individual’s current stage of development: physically, cognitively, and socially and compare your findings to the developmental norms from textbooks, articles, and databases.  This critique needs to be a minimum of 4 pages and a maximum of 5 pages excluding your cover page and reference page as this paper should be in APA 7th Edition format.  Be sure that you utilize various theories and apply these to the growth and development of your chosen person.

Objectives:

1.    Determine an individual’s current stage of development according to textbook information and a selected theorist (either Freud’s Psychosexual Theory or Erikson’s Psychosocial).

2.    Secondly, compare the individual’s behavior, growth, and development to the textbook description and selected theorist.

3.    Thirdly, identify unmet or uncompleted tasks of the individual’s current stage of development.

4.    Fourthly, design a plan to assist the individual to achieve the tasks of his/her stage of development and future remaining stages.

Learning Activities:

1.    Firstly, select an individual to be observed/interviewed.

2.    Secondly, arrange an appropriate time and place for the observation/interview.

3.    Thirdly, review lecture and readings on relevant stages of development.

4.    Fourthly, observe the individual’s physical and psychosocial growth and development.

5.    Also, discuss with the individual or the parent of the individual-specific issues relevant to his/her stage of development.

6.    Lastly, prepare a report (4-5 pages of content) to include the following:

Include a brief overview of biographical data: ex. age, sex, family structure, living arrangements, occupation.

Theoretical description of the individual’s stage of development.

Observations of the individual’s physical and psychosocial growth and also development.

Compare findings to textbook, articles, and database developmental norms.

State which developmental tasks are met/unmet; providing evidence based on comparison of observations to the theoretical description.

Identify measures to assist or maintain the individual’s effort to accomplish age-appropriate tasks.

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