Is long-term borrowing from sources outside of the company. a: leverage b: outside borrowing c: equity financing d: debt financing

At the end of march, paul's painting hired five temporary employees to work on a project that began on april 5 and ended on april 28. paul's received 100% of the total payment for the project on may 3. in this situation, both accounting and gaap require that paul's recognize the employees' total salary expense in

Greenbloom garden centers is a small, privately held corporation that has two stores in orlando, florida. the greenbloom family owns 100 percent of the company's stock, and family members manage the operations. sales at the company's stores have been growing rapidly, and there appears to be a market for the company's sales concept – providing bulk garden equipment and supplies at low prices. the controller prepares the company's financial statements, which are not audited. the company has no debt but is considering expanding to other cities in florida. such expansion may require long-term borrowings and is likely to reduce the family's day-to-day control of the operations. the family does not intend to sell stock in the company. required: discuss at least three factors that may make an audit necessary and potentially valuable for the company. be sure to consider the concept of information risk.

Write a memo as the sales director of a company to both in-house sales department employees and the sales representatives. announce and describe a new dress code policy and diplomatically explain why the policy is more strict for the sales reps. remember to keep the tone informal but professional, to format the memo properly, and to provide adequate information regarding the new dress code.