Answer:
this case tells us about some sort of pressures that accounts feel when financial statements are needed urgently
Explanation:
1) As for using low estimates, this step was wrong on her part. she should have been upfront in her estimates. for the items that she could not estimate there should have been an indication that such items were still under review, instead of doing what she did to give the financial estimate a good look. Using guesses or deliberately using low estimates was a bad idea, GAAP would never condone that.
She should have met with the president and let him know that finalization of the financial statements would not possible within the time frame that he has given. She could have also explain that such delays are normal and she would have given estimates of when the draft internal copy would be made available to him. such steps she took could have resulted in serious consequences for the company
2) I would not inflate or deflate the figures on purpose to make financial statements look better. If it is time to present the draft and final year-end financial statements I will have to tell the truth on the numbers and estimations used and also the reasons for that. i would have explained the constraints that i was facing. if i was still being pressurized by the president, i would have no choice than to call it quits instead of going against the ethics of my profession, since there are both ethical and legal implications to not giving inaccurate financial statements.
The answer would be: Labor relations
Labor relations is an area within the human resources that is created for better interactions between managers and the employees.
This part of training will often emphasizes what things are encouraged to be done to create a mutually beneficial workplace for all members of the company.
Answer:
The correct word for the blank space is: automated; high value to customers.
Explanation:
Most online operations nowadays are automated which implies not having an employee behind a computer to satisfy customers' needs since they are too basic that can be all processed with the use of a server. However, the automation does not imply consumers undervalue the help obtained. Otherwise, the automation helps the process be faster which ends up representing high value for most customers.
Answer:
See below
Explanation:
The cash balance as at the end of December 31 2020 is the net cash provided by operating activities, less net cash used by investing activities plus net cash provided by financing activities plus the beginning cash balance as at January 1, 2020
Net cash provided by operating activities = $569,000
Net cash used by investing activities = $988,000
Net cash provided by financing activities = $595,000
Beginning cash balance = $331,000
Closing cash balance = $569,000 - $988,000 + $595,000 + $331,000
Closing cash balance = $507,000
A lease is a contractual agreement by which one party conveys any type of service to another person for a specific time.
