Answer: Volkswagen Emission scandal
Explanation: The Supervisory Board should be “responsible for monitoring the Management and approving important corporate decisions , however “investors and governance experts say the emissions scandal shows that it lacks the independence and authority to do this” .
1nternal Controls
Many officials at Volkswagen were unaware of any wrongdoing, although this suggests the company can be salvaged and there are people at the top that can help turn this back around. It does also highlight the need for serious improvement in terms of the firm's internal controls. For issues on a scale as large as this, there should be a sound whistle blowing system in place to alert the correct people of such instances, so action can be taken before any issue further escalates
Answer:
The financial advantage over option 2 is $ 20 000 and $ 60 000 in total sales value.
Explanation:
The company has 2 options for the obsolete desk calculators. They can either upgrade them or sell them as they are. We need to compare the 2 options to evaluate their advantage or disadvantage.
To upgrade the calculators we need to spend $200000. However we will then be able to sell the calculators for $260000. This equates to a $60 000 gain
Under option 2 we will just sell the calculators as is for $ 40 000.
Option 1 is the better option. The financial advantage over option 2 is thus $ 20 000 and $ 60 000 in total.
Answer:
$650
Explanation:
Let x be the list price of the Tvs
85% of x = 0.85x
90% of 0.85x = (0.9)(0.85)x
96% of (0.9)(0.85)x = (0.96)(0.9)(0.85)x
The net price is given by $477.36
Therefore, $477.36 = (0.96)(0.9)(0.85)x
Hence x = $477.36 / (0.96)(0.9)(0.85)
x = $477.36 / 0.7344
x = $650
So, the list price is the list price
Answer: See attachment
Explanation:
a. What is Poplock’s year 1 depreciation expense for each asset?
See attachment. Note that the depreciation for the assets were calculated as the original basis × the rate. e.g for Computer equipment, the Depreciation was, the original basis of $5000 × the rate of 20% which equals $1,000.
b. What is Poplock’s year 2 depreciation expense for each asset?
Check attachment.
Depreciation for computer = $1600
Depreciation for day grooming furniture = $1714
Depreciation for popup truck = $3200
Depreciation for commercial building = $6923
