Answer:
1. To reduce the company's tax bill, Jack uses total cost to value inventory instead of using product cost as required by law.
- Competence: accounting records must follows applicable laws, regulations and standards, you must IRA and GAAP rules when preparing financial statements and tax reports.
2. Since Emilie works in the accounting department, she is aware that profits are going to fall short of analysts' projections. She tells her aunt to sell stock in the company before the earnings release date.
- Confidentiality: accounting records must b confidential unless you are authorized to disclose them, and you are not authorized to disclose the information to your aunt.
3. Veronica pays a Mexican official a bribe of $50,000 to allow the company to locate a factory in that jurisdiction so that the company can take advantage of the cheaper labor costs. Without the bribe, the factory cannot be located in that location.
- Integrity: you must abstain from performing illegal activities, and bribery is illegal.
4. There is a failure in the company's backup system after a system crash. Month-end reports will be delayed. Kayla, the manager of the division experiencing the system failure, does not report this upcoming delay to anyone since she does not want to be the bearer of bad news.
- Credibility: you must report all relevant and important information regardless of whether that information will make you bad or not.
Answer:
Efficiency wage theory
Explanation:
Efficiency wage theory was first postulated by Alfred Marshall, where he viewed compensation to workers as based on their efficiency.
Companies use efficient wage to reduce staff turnover, as staff are motivated to stay because of wages that are above the industry standard.
It is also a way to reduce cost mostly in industries where the cost of staff replacement is high.
Answer:
the adjusted cash balance is $ 11,142
service charge expense 58 debit
cash 2868 debit
accounts receivables 2926 credit
--to record bank reconciliation--
Explanation:
CASH
Balance 8274
Service Charge -58
collection <u> 2926</u>
Adjusted Balance 11,142
BANK
Balance 8238
Outstanding Check -706
Deposit in transit <u> 3610</u>
Adjusted Balance 11,142
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