Answer: Rationalization
Explanation:
Here in this scenario, the element of fraud triangle that bis being discussed is the <em>rationalization</em>. Fraud triangle defines 3 factors which are mostly responsible and thus further tend to contribute to the increase in risk of a fraud. These are: Opportunity, Incentive, and Rationalization. Rationalization is referred to as the individual’s reason and excuse for committing a fraud.
<span>Personal selling requires the two-way flow of communication between a buyer and a seller, often in a face-to-face encounter, designed to influence a person's or a group's purchase decision. When meeting with people in person, it allows for conversation to flow back and forth smoothy and communication is much better. Having face-to-face meetings allows the buyer and seller to connect on a different level then if it were email, phone or another type of communication.</span>
Answer:
C) $1,200 capital gain.
Explanation:
David's basis on the land was $24,000
liability assumed by other partners = $30,000 x (1 - 10%) = $27,000
liability assumed by David on the partnership's other liabilities = $18,000 x 10% = $1,800
David's gain = liability assumed by other partners ($27,000) - land basis ($24,000) - additional liability assumed by David ($1,800) = $1,200 gain
When a partner contributes property to a partnership, his/her gain or loss must be determined using the asset's basis, not the fair market value.
Answer:
retention ratio
Explanation:
Retention ration is the portion of net income retained by a firm to grow its business rather than being declared and paid as dividened.
When a company makes profit at the end of financial period, the company can either retain part of its earning for business expansion, declare part as dividends paid to shareholder or combine both.
Where a firm now reinvest the portion of the profit earned in itself, it is called retention ratio.
Answer:
Total variance= 69,250 unfavorable
Explanation:
Giving the following information:
Each bottle has a standard labor requirement of 0.01 hours. During April, 550,000 bottles were produced using 13,000 labor hours for $8.50. The standard wage rate is $7.50 per hour.
Direct labor efficiency variance= (SQ - AQ)*standard rate
Direct labor efficiency variance= (5,500 - 13,000)*7.5= 56,250 unfavorable
Direct labor rate variance= (Standard Rate - Actual Rate)*Actual Quantity
Direct labor rate variance= (7.5 - 8.5)*13,000= 13,000 unfavorable
Total variance= 69,250 unfavorable
