Answer:
Unethical behavior
Unethical behavior refers to the actions of an individual that exist outside what is marked as morally proper or right for a profession, person and industry. The institute of management accountants has developed standards that must be maintained by the managers in order to face ethical challenges. These standards require managerial accountants to maintain their professional competence, preserve the confidentiality of the information they handle and to act with integrity and credibility.
Part 1)
In this case. Dale Miller is a new employee entrusted with the duties and responsibilities as a bookkeeper. Sue Peters is the supervisor. Dale has used office funds for his personal use thus violating the trust Sue and other managers had on him. An employee who has adopted such kind of behavior would fail to become trusted and valued employee of the company. Since. Sue hired Dale Miller and responsible for all the acts performed by Dale Miller. Therefore, it is ascertained that he should undertake termination of Dale Miller because he fails to comply with the policies pertaining to discipline in the organization.
Part 2)
In this case, when the supervisor Sue is a new employee and finds out a malpractice going on internally by an old employee. Thus under such condition Sue is required to discuss the issue with the immediate superior or supervisor. Unless Sue is able to get additional information pertaining to the issue, he would have warmed Dale Miller that such kind of behavior is not accepted in the future. Therefore, it is ascertained that Sue must have establish closer supervision and better control.
Answer:
FV= $137,440.62
Explanation:
Giving the following information:
Bob makes his first $ 800 deposit into an IRA earning 7.4 % compounded annually on his 24th birthday and his last $ 800 deposit on his 39th birthday (16 equal deposits in all). With no additional deposits, the money in the IRA continues to earn 7.4 % interest compounded annually until Iob retirees on his 65th birthday.
First, 16 years:
FV= {A*[(1+i)^n-1]}/i
A= annual deposit
FV= {800*[(1.074^16)-1]}/0,074= $23,067.90
Next 25 years.
FV= PV*(1+i)^n
FV= 23,067.90*(1.074)^25= $137,440.62
Answer: Retired for $66000 cash.
Explanation:
Given that,
bonds par value = $50000
carrying a value = $62000
retired for cash = $66,000
Loss = $4000
Issuing bonds are an approach to fund activities. Hence, a sum that is reported in the cash flows from the statement of financial activities.
There is a cash outflow of $66000 from retiring.
The amount to be reported under cash flows from financing activities is retired for $66000 cash.
Answer:
D. A price that fits comfortably in your budget
Answer:
Foster Inc.'s assets will decrease by a net amount of $30,000.
The Company's liabilities will increase by $30,000.
Explanation:
The price of the assert is $5,000 + $30,000 = $35,000
this means that the company's fixed assets will increase by $35,000, but since cash is decreasing by $5,000, the net change will be only $30,000
the amount of the loan = $30,000
this means that the company's liabilities will increase by $30,000
