Owens Finest Mattress Co., Inc. decided to employ an anti-mission statement. Which of the following phrases did they use?

Alice Durant works in the accounts payable department for the BC Group. She recently found out that Della Granger, another A/P c

lions [1.4K]

Answer:

Rationalization

Explanation:

The Fraud Triangle has three legs:

opportunity: what circumstances were needed or allowed for the fraud to occur? Weak internal controls, inadequate accounting policies, etc.
incentive or pressure: what made the employee think about committing fraud? Financial expectations, bonuses based of performance, etc.
rationalization: How does the employee justify to himself/herself committing fraud? My boss or colleagues treat me wrong, everyone else does it, it is the only solution for my problem, etc.

5 0

3 years ago

Hotel California Hotel California is a luxury hotel which has just got a new manager, Rocky. Given its location and quality, the

harkovskaia [24]

Answer:

Hotel California

a) The cost of reserving too little by one, (the underage cost) Cu

= $100

b) The cost of reserving too much by one, (the overage cost) Co =

= $200

c) The optimal service level

= 0.33

d) The number of rooms that should be reserved for last-minute customers, Q

= 3

Explanation:

a) Data and Calculations:

Charges per room per night (purchase cost) = $200

Charges for last-minute requests per room per night (selling price) - $300

Value of unsold reserved rooms (Salvage value) = $0

Minimum of last-minute customers, Min = 1

Maximum of last-minute customers, Max = 10

a) The cost of reserving too little by one, (the underage cost) Cu = Selling price - Purchasing cost

= $300 - $200

= $100

b) The cost of reserving too much by one, (the overage cost) Co = Purchasing cost - Salvage value

= $200 - $0

= $200

c) The optimal service level = Cu/Co+Cu

= $100/$200 + $100

= $100/$300

= 0.33

d) The number of rooms that should be reserved for last-minute customers, Q

= Cu/Co+Cu (Max - Min) + Min

= 0.33 * (10 - 1) + 1

= 0.33 * (10)

= 3

7 0

3 years ago

A quality characteristic has a specification (in cm) of 0.40 ± 0.03. If the value of the quality characteristic exceeds 0.40 by

DanielleElmas [232]

Answer:

option (C) L(x) = 200,000(x - 0.40)²

Explanation:

Given:

quality characteristic = 0.40

Tolerance = 0.03

Repair cost = $180

Now,

Taguchi loss function is given as:

Loss (in $) = Constant × ( Quality characteristic - Target value )²

For quality characteristic of 'x' target value 't'

and constant A

L(x) = A × ( x - t)²

substituting the given values, we get

$180 = A × (0.03)² [x - t = tolerance]

or

$180 = A × 0.0009

or

A = 200,000

Hence,

Taguchi loss function

L(x) = 200,000(x - 0.40)²

Hence,

the correct answer is option (C) L(x) = 200,000(x - 0.40)²

4 0

3 years ago

Textra Plastics produces parts for a variety of small machine manufacturers. Most products go through two operations, molding an

schepotkina [342]

Answer and Explanation:

1. The computation of the departmental overhead rate for the molding department based on machine hours and for trimming department based on direct labor hours are shown below:

For molding department

= Overhead cost ÷ machine hours

= $730,000 ÷ 30,500 machine hours

= $23.93 per machine hour

For trimming department

= Overhead cost ÷ direct labor hours

= $590,000 ÷ 48,000 direct labor hours

= $12.29 per machine hour

2. Now the total overhead cost for Part A27C and Part X82B and its overhead cost per unit are as follows

Part A27C Activity Departmental For Total Overhead

Driver OH Rate each Cost

Molding Machine

Hours $23.93 Machine $122,065.57

Hour (5,100 MH × 23.93 )

Trimming Direct

Labor Hours $12.29 Direct $8,604.17

Labor Hour (700 DLH × 12.29 )

Total Overheads $130,669.74 ÷ 9,800 units

Overhead per unit $13.33

Part X82B Activity Departmental For Total Overhead

Driver OH Rate each Cost

Molding Machine

Hours $23.93 Machine $24,413.11

Hour (1,020 MH × 23.93 )

Trimming Direct

Labor Hours $12.29 Direct $43,020.83

Labor Hour (3,500 DLH × 12.29)

Total Overhead $674,33.95 ÷ 54,500 units

Overhead per unit $1.24

7 0

4 years ago

Depository Institutions are required to______and_____, although the general terms used to describe these financial products may

Valentin [98]

Answer:

Depository Institutions are required to ACCEPT DEPOSITS and HAND OUT LOANS, although the general terms used to describe these financial products may vary across the various types of institutions. Non-depository Institutions, In contrast, accept cash contributions from their customers, but the cash inflows are not called DEPOSITS. Instead, they're called shares or premiums.

Non-depository Institutions include:_____.

B. Mutual funds, insurance companies, brokerage firms, and financial services companies.

What are the different forms and products of non-depository Institutions?

Non-depository institutions include:

finance companies that generally make personal loans
securities firms that trade securities, provide brokerage services and/or are investment banks
insurance companies that provide insurance services
investment companies that sell their securities and then invest the proceedings, e.g. mutual funds

If you wanted to purchase investment advice, as well as stocks, bonds, and other investments, which type of non-depository institution should you contact?

B. A stock brokerage firm.

Just as depository institutions differ from non-depository Institutions, there are also differences between the structure and activities of, and the financial products and services provided by, various depository institutions. Which of the following statements are true?

A. Mutual savings banks and credit unions are similar in that both are owned by their depositors, who share in their profits.

B. Demand deposit accounts created by commercial banks are usually called checking accounts or negotiable order of withdrawal (NOW) accounts, while those created by credit unions are called share draft accounts.

5 0

4 years ago