1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Katen [24]
4 years ago
11

Craig thorne works in a public accounting firm and hopes to eventually become a partner. the management of allnet company invite

s thorne to prepare a bid to audit allnet's financial statements. in discussing the audit fee, allnet's management suggest a fee range in which the amount depends on the reported profit of allnet. the higher the profit, the higher will be the audit fee paid to thorne's accounting firm. what are the ethical factors in this situation
Business
1 answer:
Tamiku [17]4 years ago
4 0
The ethical factors would be if Craig conforming to Allnets' offer, he would potentially cause misinformation to to shareholders of allnets. that could cost them a lot of money. Of course, technically speaking, conforming to the offer would basically guarantee Craig's position as a partner, but he need take the risk of breaking the law.

You might be interested in
A business manager finds that the building expense each month is completely uncorrelated with revenue levels. What should the bu
Westkost [7]

Answer:

The business manager should assume that the building expense is fixed.

Explanation:

Fixed costs are not correlated with the revenue levels.  Within the relevant range, fixed costs remain constant.  They do not vary with the activity levels as variable costs do.  For example, a manufacturer must pay for rent, repairs and maintenance, and utility bills irrespective of the revenue levels at which it is operating.  This is why the business manager always discovers that the building expense each month does not correlate with the revenue levels, unlike the product's variable costs.

3 0
3 years ago
Kelly, Lars, and Mona agree to be partners in Neighborhood Delivery Service (NDS), splitting the profits equally. Kelly contribu
Vikentia [17]

Answer:

2) all of the partners in proportion to their shares of the profits

Explanation:

Partnership refers to a mutual agreement between two or more individuals, deciding to carry on a business and share it's risks and rewards in the profit sharing ratio as stipulated, or as provided in the partnership deed.

Upon retirement or death of any of the partners, the partnership is said to have been dissolved. Upon dissolution, the profits and losses arising consequently shall be shared by the remaining partners in their profit sharing ratio. A firm may decide to voluntarily dissolve too.

In the given case, upon dissolution, liabilities exceed assets and thus indicate a loss.

This loss shall be borne by all of the partners in their profit sharing ratio and not in the ratio of their capitals.

6 0
4 years ago
Zanda Corp. and Jones Corp. are identical in every way (products produced, costs, demand, etc.) except for one. Zanda uses a lev
Natali [406]

Answer: (C) Zanda will have higher inventory carrying costs.

Explanation:

  The inventory carrying cost is one of the type of overall holding inventory cost that helps in identifying the various types of business expenses and also storing the various types of unsold goods and the services in the market.  

The inventory carrying cost is also known as the holding cost and it is basically responsible for handling the cost system by using the estimated formula.

According to the given question, Zanda corporation is basically using the level production plan for the purpose identifying their business factors such as costs, demand and the products.

So, based on the given information is Zanda will have the high inventory carrying cost statement is true. Therefore, Option (C) is correct answer.  

 

3 0
3 years ago
One benefit of specialization is that it​
tiny-mole [99]
-Whenever countries have different opportunity costs in production they can benefit from specialization and trade.
-Benefits of specialization include greater economic efficiency, consumer benefits, and opportunities for growth for competitive sectors.
8 0
3 years ago
Maya owes $20,000 on her credit cards, her adjustable mortgage rate has just gone up, and she has been out of work for 3 months.
grigory [225]

Answer: exhaustion

Explanation:

Given the information provided in the question, we are told that Maya collapsed and had to be taken to the emergency room. According to Hans Selye, Maya is in the exhaustion phase of the general adaptation syndrome.

At this stage, Maya's energy resources has been depleted after failing to recover from shock.

7 0
3 years ago
Other questions:
  • Can someone answer the last 2
    7·1 answer
  • _____ is important because it helps you create a plan to complete all tasks.
    15·2 answers
  • Celestin Manufacturing Company incurred $5,000 of depreciation on its manufacturing equipment during its first year of operation
    14·1 answer
  • Which statement shows that money is a "measure of value?" This bill is worth twenty dollars. My mp3 player is worth two hundred
    7·2 answers
  • If a typical firm in a perfectly competitive industry is earning profits. True or False
    6·1 answer
  • Which answer best describes an unsubsidized federal loan?
    10·1 answer
  • Liang Company began operations on January 1, 2016. During its first two years, the company completed a number of transactions in
    10·1 answer
  • What is the var of a 10 million portfolio with normally distributed returns at the 5% VaR? Assume the expected return is 13% and
    15·1 answer
  • Monopolistic competition resembles pure competition because
    6·1 answer
  • 48. Although SellSmart brings together buyers and sellers and helps negotiate exchanges, it does not actually take title to any
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!