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3 years ago

Which of these is NOT one of the five ethical principles the GAO's Yellow Book stresses?

Business

1 answer:

Anni [7]3 years ago

7 0

Answer:

The correct answer is d. The proper safeguarding of client information.

Explanation:

According to chapter 3 of the GAO Yellow Book, the following are the ethical principles:

The public Interest
Integrity
Objectivity
The proper use of government information, resources, and position.
Professional behavior.

Proper protection of customer information is not an ethical principle in this book, but it should be a factor to consider in the information manipulation process.

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Simon Company’s year-end balance sheets follow. At December 31 2017 2016 2015 Assets Cash $ 31,800 $ 35,625 $ 37,800 Accounts re

sweet [91]

Answer:

Explanation:

Balance Sheet

//2017// % // 2016 // % // 2015 //%//

Cash

//$31,800// 6% // $35,625 // 8% // $37,800 //10%//

Accounts Receivable

//$89,500// 17% // $62,500 // 14% // $50,200 //13%//

Inventory

//$112,500// 22% // $82,500 // 19% // $54,000 //14%//

Prepaid Expenses

//$10,700// 2% // $9,375 // 2% // $5,000 //1%//

TOTAL CURRENT ASSETS

//$244,500// 47% // $190,000 // 43% // $147,000 //39%//

Plant Assets

//$ 278,500// 53% // $ 255,000 // 57% // $ 230,500 //61%//

TOTAL NON CURRENT ASSETS

//$278,500// 53% // $255,000 // 57% // $230,500 //61%//

TOTAL ASSETS

//$523,000// 100%// $445,000 // 100% //$377,500 //100%//

Accounts Payable

//$129,900// 57% // $75,250 // 43% // $51,250 // 38% //

TOTAL CURRENT LIABILITIES

//$129,900// 57% // $75,250 // 43% // $51,250 // 38% //

Long Term Notes Payable

//$98,500// 43% // $101,500 // 57% // $83,500 // 62% //

TOTAL NON CURRENT LIABILITIES

//$98,500// 43% // $101,500 // 57% // $83,500 // 62% //

TOTAL LIABILITIES

//$228,400// 100% // $176,750 // 100% //$134,750//100%//

Common Stock

/$163,500// 55% // $163,500 // 61% // $163,500 //67%//

Retained Earnings

//$131,100// 45% // $104,750 // 39% // $79,250 //33%//

TOTAL EQUITY

//$294,600// 100% //$268,250 //100%// $242,750 //100%//

TOTAL EQUITY + LIABILITIES

//$523,000// 100%// $445,000// 100%// $377,500// 100%//

4 0

3 years ago

A company produces 1,000 packages of cat food per month. The sales price is $4.00 per pack. Variable cost is $1.60 per unit,

spin [16.1K]

Answer:

B. Operating income will increase by $3,620 per month.

Explanation:

In this question, we have to compare the operating income between current and expected proposal which is shown below:

We know that,

Operating income = Sales - variable cost - fixed cost

where,

Sales = Selling price per unit × Number of units produced per month

= $4 × 1,000

= $4,000

Variable cost = Variable cost per unit × Number of units produced per month

= $1.60 × 1,000

= $1,600

And, the fixed cost is $1,800

Now put these values to the above formula

So, the value would be equal to

= $4,000 - $1,600 - $1,800

= $600

Now for expected proposal

Operating income = Sales - variable cost - fixed cost

where,

Sales = Selling price per unit × Number of units produced per month

= $8 × 1,000

= $8,000

Variable cost = Variable cost per unit × Number of units produced per month

= $1.80 × 1,000

= $1,800

And, the fixed cost is $1,800 + $180 = $1,980

Now put these values to the above formula

So, the value would be equal to

= $8,000 - $1,800 - $1,980

= $4,220

The difference would be

= $4,220 - $600

= $3,620

4 0

3 years ago

Corporate shareholders are best protected from incompetent _______.

nirvana33 [79]

Answer: A

Explanation:

Management decisions by the ability to engage in proxy fights. A proxy fight, also known as a proxy contest or proxy battle, refers to a situation in which a group of shareholders in a company joins forces in an attempt to oppose and vote out the current management or board of directors. In other words, a proxy fight is a battle between shareholders and senior management for control of the company.

Corporate shareholders are best protected from incompetent management decisions by the ability to engage in proxy fights.

3 0

3 years ago

Read 2 more answers

Why hasn't globalization benefited the majority of the world's underdeveloped countries?

irinina [24]

I think it’s A or B not sure tho

8 0

3 years ago

The following data were adapted from a recent income statement of Caterpillar Inc. (CAT) for the year ended December 31: (in mil

matrenka [14]

Answer:

Net Profit $ 823.8 millions

Explanation:

Caterpillar Inc.

Variable Costing Income Statement (assumed)

For the Year Ended December 31

All figures in millions

Sales $38,537

Variable cost of goods sold:

Variable Beginning Inventory $ 6790

Add Variable Cost of Goods Manufactured $18723

Less Variable Ending Inventory $ 6029.8

Total Variable cost of goods sold: 19483.2

Manufacturing Margin 19053.8

Less Variable Admin. and Selling Exp.

(9730- 4000) 5730

Contribution Margin 13323.8

Less Fixed Costs

Less Fixed Cost of goods sold $ 8,500

Fixed Admin. and Selling expenses: $ 4000

Total Fixed Costs 12500

Net Profit $ 823.8 millions

Working:

First we find the variable cost of goods manufactured. For this we calculate the variable ending and beginning inventories.

Calculations

Fixed Beginning inventory 30% of $9,700= $ 2910

Variable Beginning Inventory= $9,700-$ 2910= $ 6790

Fixed Ending Inventory 30% of $ 8,614= $ 2584.2

Variable Ending Inventory= $ 8,614-$ 2584.2= $ 6029.8

Cost of goods sold $ 28,309

Add Ending Inventory 8,614

Less Beginning Inventory $9,700

Cost Of Goods Manufactured 27223

Less Manufacturing Fixed Costs 8500

Variable Cost of Goods Manufactured $ 18723

We subtract the fixed cost of goods sold and fixed selling expenses to get the net profit. In variable costing the fixed expenses are treated as a period cost rather than a product cost.

Total expenses $(38,039)

Fixed expenses: $ 4000

Variable expenses : $ 34039

8 0

3 years ago