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Orlov [11]
3 years ago
10

An important tool in predicting the volume of activity, the costs to be incurred, the sales to be made, and the profit to be ear

ned is:
Business
1 answer:
SVEN [57.7K]3 years ago
3 0

Answer:

Cost-volume-profit analysis.

Explanation:

An important tool in predicting the volume of activity, the costs to be incurred, the sales to be made, and the profit to be earned is cost-volume-profit analysis. It is an important tool in accounting that is used to determine how changes in differing levels of activities such as costs and volume affect a company's operating financial statements, both income and net income. It is also an accounting concept known as the break even analysis.

In order to use this cost-volume-profit analysis, accountants usually make some assumptions and these are;

1. Sales price per unit product is kept constant.

2. Variable costs per unit product are kept constant.

3. Total fixed costs of production are kept constant.

4. All the units produced are sold.

5. The costs accrued are as a result of change in business activities.

6. A company selling more than a product should simply sell in the same mix.

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I was employed as a certified public accountant (CPA) for a regional accounting firm that specialized in audits of financial ins
almond37 [142]

Answer:

1.) It depends on an individual position and conscience. If I am stuck in such a situation with people of CEO, COO etc stand i'd be worried about not only my job but also about my career. As these kinda instances can dismantle your career and can have a lasting effect.In my case i'd not have volunteered as the CEO,COO have the power to dissappear information and documents. It would be a blind move if i go and volunteer for it and they documents are not found. However, if the situation is different and i am in possession of those copies of cheques then i'd be blunt in sharing the same to concerned authorities. Also if you have the evidence with you ,no position can coerce you into doing anything once you provide it to concerned authorities because then you have the edge.

2.) loans without sufficient collateral, drawing cheques in spouses's names,paying of personal expenses from corporate credits etc.,

These are just allegations ,if none of them are proved in the court or inquiry ,then these are mere allegations. if however,are supported by evidences,these can be a case if unethical practices.

3.) The ethics of a professional Accountant are-

a.) objectivity- Seeing the things as they are with no bias. Assuming everything that you work for as something pure and respect your work in any way possible.

b.) honesty- One who stands honest with his job are poster figures for any department or organisation a person work on or for. It is implied for anyone to be honest to his work.

c.) Professional competence- An employees is supposed to be of professional competence to his work and organisation. He is required to keep.his knowledge update to that level.of oragnisation's requirement.

d.) Confidentiality- is what the Job descripition states. An accountant by profession is not allowed in any way to share the information of his clients or organisation unless law specifies it so.

e.) Professional Behaviour- A professional behaviour. includes reaching the work on time,completion.of duties to the firm , work within the organisation for its betterment etc. It is in the job description in any organisation

4.) FDIC'S OFFICERS should have been more careful and diligent while working on the case. Each and every department concerned to the alleged wrongdoers sould have been checked for evidences which they clearly didnot do. They were not 100% vigilant with their work which is what made the situation awkard for you.

5.) lesson's that can be learnt are- Business are way too practical and decisions have to be made on the merit of the situation. You can follow your gut in business just as you do or can in life. But sometimws all it takes is one moment that gets you in a position where nobody can touch. In this instance if you had those copies of cheques in your possession,no CEO ,or COO can coerce you into doing anything and at that moment it solely depends upon your reading of the situation.

7 0
3 years ago
A small craft store located in a kiosk expects to generate annual cash flows of $6,800 for the next three years. At the end of t
Dafna11 [192]

Answer:

The monetary value is $24,201.23

Explanation:

Giving the following information:

Cash flows:

Year 1= $6,800

Year 2= 6,800

Year 3= 6,800

Year 4= $15,000.

The discount rate is 15 percent.

We need to discount each cash flow to the present value:

PV= FV/(1+i)^n

Year 1= 6,800/1.15= 5,913.04

Year 2= 6,800/1.15^2= 5,141.78

Year 3= 6,800/1.15^3= 4,471.11

Year 4= 15,000/ 1.15^4= 8,576.30

Total= $24,201.23

6 0
3 years ago
Ken's lawn service co. operates in a perfectly competitive market. why doesn't ken try to increase his revenue by lowering his p
galina1969 [7]

High levels of competition characterize the market in which Ken's Lawn Service Co. operates. Why doesn't Ken strive to increase his revenue by lowering his pricing below the competitive market price given that he can sell as much as he wants at it

Perfect competition market  refers to a fictitious market structure. A scenario with perfect competition excludes monopolies. The following characteristics of this kind of structure are crucial: Each business is a price taker (they cannot influence the market price of their products).Market share has no bearing on price adjustments. The products being sold and the prices being charged in the past, present, and future are all fully known to the customers

Learn more about competitive market here

brainly.com/question/8753703

#SPJ4

3 0
1 year ago
Troy (single) purchased a home in Hopkinton, MA, on January 1,2007, for $300,000. He sold the home on January 1, 2016, for$320,0
Kryger [21]

Answer:

Person T has rented home for the period of 1st January 2007 to 31st December 2011 for principal purpose. Person T used the home for living from the date 1st January 2012 to 31st December 2012. From 1st January 2013 to 31st December 2013. T rented premises. Afterward. Person T used the home for living from the date 1st January 2014 to 31st December 2012. Accumulated depreciation on the same is SO.

1st January 2007 to 31st December 2011- Rented for 5 years

1st January 2012 to 31st December 2012 — Principal resident for 1 year 1st January 2013 to 31st December 2013- Rented for 1 year

1st January 2013 to 31st December 2016 — Principal resident for 4 years

Person T is successful in criteria of user test and ownership tests. As Person T has used the home for a minimum two years out of the last five years from the date of sale. Person T has used home for the principal residence for 5 years and 6 years as a rented resident. Hence allowance of gain should be in proportion basis.

Calculation of percentage of gain for which Person T is eligible for an exemption from paying tax:

Exemption = (Principal residence year/Total no.of years)  × 100  

Exemption = (5/11) × 100

Exemption = 45.45%

Hence, 45.45% is exempted from tax.

Calculation of amount for which Person T is eligible for an exemption from paying tax

Exempted amount = Tax Exemption x Capital gain

= 45.45% × $20,000

= $9,090

Hence, the eligible amount of exemption is $9,090.

Calculation of amount for Person T is not eligible for an exception from paying tax

Not exempted amount = Total profit - Exempted amount

Not exempted amount = $20,000 - $9,090

Not exempted amount = $10,910

Hence. Person T can claim exemption of capital gain for $9.090 from her total taxable income.

6 0
3 years ago
Who's better?<br> Chris Brown or Lil Tjay?
TEA [102]

Answer:

Lil Tjay and the song F.N or Mood Swings

Explanation:

8 0
3 years ago
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