Answer:
Scott Bestor should confess his honest mistake.
Explanation:
Two of most important attributes that are required from an accountant are integrity and trustworthiness.
Refusing to tell the management his honest mistake in order not jeopardize his possible promotion is a short-run gain to him. But confessing his honest mistake has a long run gain as this will preserve his integrity and trustworthiness forever. In addition, it is unethical and a sign of disloyalty for an accountant not to disclose all the information relevant to the company based on his position as an account.
Therefore, Scott Bestor should confess his honest mistake rather than sacrificing his integrity and trustworthiness as well as the ethic of his profession for a short-term gain (i.e. promotion).
Answer:
Please see explanation below
Explanation:
Money is a limited resources. In this case since the money couldn't get him both of the request, it has allowed him to choose his most pressing needs.
Answer:
b. One advantage to forming a corporation is that the owners of the firm have limited liability.
Explanation:
Every equity shareholder has this advantage that he cannot be called off, in case of any liability in the company, as the company stands liable and not the shareholder, whereas in partnership or proprietorship even all the partners can be called off to meet the liability personally, in case of any failure from the firm.
Though firms have tax advantage, but this is the disadvantage to the firm that the liabilities are unlimited.
Answer:
The correct answer is letter "E": establish a separate Work-in-Process Inventory account for each manufacturing department.
Explanation:
Process-cost accounting is an approach used to assign costs of processes per department on direct materials, direct labor, and factory overhead. In such cases, conversion and prime costs are allocated to each department's manufacturing process to value the inventory of final goods.
Thus, <em>the Work-In-Progress (WIP) Inventory is also assigned according to the manufacturing processes of each department.</em>
Answer:
Price of share at end of year 6 = $43.94
Explanation:
Provided information we have,
Current dividend = $1
Growth rate for 6 years = 20%
Dividend at end of year 6 = $1 
Future value factor of $1 @ 20% for 6 years = $1 2.985984 = $2.986 rounded off
After this dividend is supposed to grow at 3% thus Dividend at end of year 7 = $2.986 + 3% = $3.076
Therefore, using dividend growth model we have,
Where P6 = price at end of period 6 = to be calculated
D7 = Dividend paid at end of year 7 = $3.076
Ke = Required rate of return = 10%
g = constant growth rate = 3%
Thus, 
P6 = $43.94
Thus, price of share at end of year 6 = $43.94
