The 20/60/20 rule states that the total percent of employees who could commit a fraudulent act is <u>60% - 80%.</u>
More about the fraudulent employees :
Basically, it's a non-scientific ratio intended to illustrate how the workforce will typically fall into one of three categories whenever a significant organizational change is anticipated
What it tries to say is:
20 percent will be on board and prepared to make the modifications as needed. 60 percent of people will be aware of the need for change, even though they are still dubious about it. 20% won't be participating at all. While it is the responsibility of the leader to advocate for change, it is unlikely that there will ever be a time when all employees are on board.
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Answer:
b. $1.61 million
Explanation:
The computation of assets value is shown below:-
Data provided
Cost of Assets = $2.3 million
Annual depreciation = $230,000
Total numbers of years = 3
Total depreciation = $230,000 × 3
= 690,000
= 0.69 million
Assets value = Cost of Assets - Total depreciation
= $2.3 million - $0.69 million
= $1.61 million
So, Given Market Value = $1.75 million and as per accounting conventions, Recorded book value are assets.
Answer:
The journal entries shown below:
Explanation:
On October 1
Dividends A/c.................................Dr $3,000
Dividend Payable A/c...................Cr $3,000
Being company declared the dividend of 4,000 shares at the rate of $0.75 per share.
On October 15
No Journal Entry Required
On October 31
Dividends Payable A/c...................Dr $3,000
Cash A/c......................................Cr $3,000
Being Dividend is paid, so cash is decreasing and any decrease in asset is credited. Therefore, cash account is credited. And the account of dividend payable is debited.
Answer:
$470,475
Explanation:
We first calculate interest for 6 months
= 0.09 x 6/12
= 4.5%
Yield for 6 months
= 10% *6/12
= 5%
Interest at 4.5%
= 500000 x 4.5%
= 22500
Interest at 5%
= 469500 x 5%
= 23475
Amortization
= Interest expense - interest payment
= 23475 - 22500
= 975
Issue price of bond + amortization
= 469500 + 975
= $470,475
Answer: A. Explicit cost.
D. Fixed cost
Explanation:
The type of cost which batteries are for the renewable-energy industry is explicit cost and fixed cost. Explicit costs refers to the business costs which appear in the general ledger. It should be noted that they've direct impact on the company's profit. Examples include utilities, raw materials, salaries, lease payments, etc.
When running a business, explicit cost is the direct payment that's made to others, such as rent, wage and materials. Batteries are an explicit cost as they're incurrIn the industry of renewable energy, batteries are used to save the energy produced and thus the cost of batteries are incurred in the daily production. Hence, it is an explicit cost since it's incurred for daily production.
Fixed costs are those costs that doesn't vary with the production level. Since the energy produced has to be stored in batteries, then it is a fixed cost as it doesn't vary with the production level.