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Fed [463]
2 years ago
15

Name the four areas in which standards of ethical conduct exist for management accountants in the united states. What organizati

on sets these standards?
Business
1 answer:
GaryK [48]2 years ago
5 0

​The four areas in which standards of ethical conduct exist for management accountants in the united states are.

(1) Competence,​ (2) Confidentiality,​ (3) Integrity, and​ (4) Credibility. These standards are set by the Institute of Management Accountants​ (IMA).

<h3>What is Institute of Management Accountants?</h3>
  • The National Association of Cost Accountants, which eventually became Institute of Management Accountants, was established in Buffalo, New York in 1919. Its main office is in Montvale, New Jersey, in the United States, and it also has regional offices there as well as in Europe, the Middle East, and India.
  • It established the management accounting practices committee in 1969 with the mandate of advancing management accounting as a primary field of study consistent with Institute of Management Accountants viewpoints.
  • Twelve people from different accounting bodies, including the FASB and other well-known regulatory bodies, made up the group.
  • The Institute of Management Accountants representatives were commended for their knowledge of accounting. Later, the committee combined with the Foundation for Applied Research to establish the MAC/FAR committee.

To learn more about Institute of Management Accountants​ with the given link

brainly.com/question/8339611

#SPJ4

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Crane Company sells merchandise on account for $6000 to Blossom Company with credit terms of 1/10, n/30. Block Company returns $
maxonik [38]

Answer:

The amount of check is $4,554

Explanation:

Term 1/10, n/30 means there is a discount of 1% is available on payment of due amount within discount period of 10 days after sale and net credit period of 30 days.

According to given data

Sales = $6,000

Returns = $1,400

Amount due = $6000 - $1,400 = $4,600

As the payment is made within discount period, so discount will be availed

Discount  = $4,600 x 1% = $46

Amount of Check = $4,600 - $46 = $4,554

7 0
3 years ago
Negotiations often involve three types of issues. For ______________ issues, the parties' preferences are directly opposed. For
NNADVOKAT [17]

Answer:

1. Distributive issues

2. Integrative issues

3. Congruent issues

Explanation:

Typically, for every negotiation process, any of the three kinds of issues are involved, this includes the following distributive, congruent, and integrative issues.

Hence, Negotiations often involve three types of issues. For DISTRIBUTIVE issues, the parties' preferences are directly opposed. For INTEGRATIVE issues, the parties have directionally-opposed preferences but value the issues differently. For CONGRUENT issues, the parties have the same preferences.

5 0
3 years ago
A firm organized on the basis of retail customers and wholesale customers utilizes the concept of departmentalization by
lilavasa [31]

Answer:

Customer

Explanation:

In customer departmentalization, departments are basically separated from each other based on the types or groups of customers that needs to be handled or dealt with. For instance, customers can be classified under types such as, bulk purchasing or wholesale customers, retail customers, etc.

To handle them in a better way each group of customers needs different tactics and strategies. Therefore, customer deparmentalization serves the purpose of the firm that is organized on the basis of retail customers and wholesame customers.

3 0
4 years ago
Lakers Company produces two products. The following information is available: Product X Product Y Selling price per unit $46 $36
never [62]

Answer:

A) Contribution margin : Product X: $8; Product Y: $12

B)The expected net income: $18,000

C) Break-even point in units for each product is Product X 19,500 units, Product Y 6,500 units.

D) Break-even point in units for each product is Product X 14,625 units, Product Y 9,750 units.

Explanation:

A) Contribution margin for each product:

Product X = Selling price of X - Variable cost of X = 46 - 38 = $8

Product Y = Selling price of Y - Variable cost of Y = 36 - 24 = $12

B) The expected net income:

Expected net income = Contribution margin of product X x Units of Product X sold + Contribution margin of product Y x Units of Product Y sold  - Fixed cost = 8 x 21,000 + 12 x 7,000 - 234,000 = $18,000

C) The break-even point in units for each product assuming the sales mix is 3 units of Product X for every 1 unit of Product Y:

Denote a is the number of Y BEP (in units) => 3a is the number of X in BEP (in units)

We have 3a x 8 + a x 12 = 234,000 <=> 36a = 234,000 <=> a = $6,500 <=> 3a = 19,500

Thus,  break-even point in units for each product is Product X 19,500 units, Product Y 6,500 units.

D) The break-even point in units for each product assuming the sales mix is 3 units of Product X for every 2 units of Product Y:

Denote b is the number of Y BEP (in units) => 3b/2 is the number of X in BEP (in units)

We have 3b/2 x 8 + b x 12 = 234,000 <=> 24b = 234,000 <=> b = $9,750 <=> 3b/2 = 14,625

Thus,  break-even point in units for each product is Product X 14,625 units, Product Y 9,750 units.

3 0
3 years ago
Consider the determination of whether a worthwhile enterprise should be developed now, or at a later date. Consider a hydro-elec
Setler79 [48]

Answer:

The second alternative is the better alternative. That is, it is better to build first stage only is now for $40,000,000, and the balance in 20 years time.

Explanation:

Note: See the attached excel file for the calculation of the present values of the total cash outflows of the two alternatives.

From the attached excel file, we have:

r = interest rate = 6%

Present values of the total cash outflows of the first alternative = -$122,662,039

Present values of the total cash outflows of the second alternative = -$94,492,585

Based on the above, since the present values of the total cash outflows of the second alternative of $94,492,585 is less than the present values of the total cash outflows of the first alternative of $122,662,039, the second alternative is therefore the better alternative. That is, it is better to build first stage only is now for $40,000,000, and the balance in 20 years time.

Download xlsx
4 0
3 years ago
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