Alpha sounds corp., an electric guitar retailer, was organized by michele kirby, paul glenn, and gretchen northway. the charter authorized 1,200,000 shares of common stock with a par of $1.

the following transactions affecting stockholders’ equity were completed during the first year of operations:

jan. 2 issued 90,000 shares of stock at par to paul glenn for cash.
5 issued 2,800 shares of stock at par to michele kirby for promotional services provided in connection with the organization of the corporation and issued 48,800 shares of stock at par to michele kirby for cash. (record as two separate transactions.)
8 purchased land and a building from gretchen northway in exchange for stock issued at par. the building is mortgaged for $185,700 for 20 years at 6%, and there is accrued interest of $4,900 on the mortgage note at the time of the purchase. it is agreed that the land is to be priced at $59,100 and the building at $224,700 and that gretchen northway’s equity will be exchanged for stock at par. the corporation agreed to assume responsibility for paying the mortgage note and the accrued interest.

Each of the following scenarios is based on facts in anactual fraud. categorize each scenario as primarily indicating (1) anincentive to commit fraud, (2) an opportunity to commit fraud, or(3) a rationalization for committing fraud. also state your reasoningfor each scenario. a. there was intense pressure to keep the corporation ' stock from declining further. this pressure came from investors, analysts, and the ceo, whose financial well-being was significantly dependent on the corporation ' s stock price. b. a group of top-level management was compensated (mostly in the form of stock-options) well in excess of what would be considered normal for their positions in this industry. c. top management of the company closely guards internal financial information, to the extent that even some employees on a “need-to-know basis” are denied full access. d. managing specific financial ratios is very important to the company, and both management and analysts are keenly observant of variability in key ratios. key ratios for the company changed very little even though the ratios for the overall industry were quite volatile during the time period. e. in an effort to reduce certain accrued expenses to meet budget targets, the cfo directs the general accounting department to reallocate a division’s expenses by a significant amount. the general accounting department refuses to acquiesce to the request, but the journal entry is made trough the corporate office. an accountant in the general accounting department is uncomfortable with the journal entries required to reallocate divisional expenses. he brings his concerns to the cfo, who assures him that everything will be fine and that the entries are necessary. the accountant considers resigning, but he does not have another job lined up and is worried about supporting his family. therefore, he never voices his concerns to either the internal or external auditors. f. accounting records were either nonexistent or in a state of such disorganization that significant effort was required to locate or compile them.

You operate a small advertising agency. you employ two secretaries, a graphic designer, three sales representatives, and an office coordinator. 1. what types of things would you consider when determining how to compensate each position? describe two (2) considerations. 2. what type of compensation plan would you use for each position?

Which of the following would classify as a general education requirement