Answer:
Explanation:
The indications are shown below:
1. Pay a cash dividend = dividend is debited and cash is credited
2. Pay rent in advance for the next three months = Prepaid account is debited and cash is credited
3. Provide services to customers on account = Account receivable is debited and service revenue is credited
4. Purchase office supplies on account = Supplies account is debited and account payable is credited
5. Pay salaries for the current month = Salaries expense is debited and cash is credited
6. Issue common stock in exchange for cash. = cash is debited and common stock is credited
7. Collect cash from customers for services provided in (3) above. = Cash is debited and account relevance is credited
8. Borrow cash from the bank and sign a note = Cash is debited and note payable is credited
9. Pay for the current month's utilities = Utilities expense is debited and cash is credited
10. Pay for office supplies purchased in (4) above = Account payable is debited and cash is credited
Known as <u>compliance-based ethic codes</u> these ethical standards emphasize preventing unlawful behaviour by increasing control and by penalizing wrongdoers.
Compliance-based ethical codes are those that outline moral requirements with an emphasis on preventing unethical activity by tightening regulations and punishing offenders. Integrity-based ethical codes are those that specify an organization's guiding principles and foster a culture that encourages moral behavior. A compliance-based code of ethics is created to ensure that the company and its personnel abide by all rules and regulations properly. The prevention, detection, and punishment of non-compliant conduct are three important components. For instance, Jeremy's compliance-based code might forbid his employees from materially misrepresenting the truth when acting in the course of their job.
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Answer:
The correct answer is the option D: Both the foreseeable doctrine and the restatement doctrine.
Explanation:
On the one hand, the <em>foreseeable doctrine</em> dictates that there is a limit in the liability of party for those acts that he has done and that carry a risk of foreseeable harm. Therefore that this point of view establishes that a reasonable person would be able to understand and so to know when a certain action would bring certain damages to another party.
On the oher hand, the <em>restatement doctrine</em> establishes that there are a set of treatises on legal subjects that primarily are looking for to inform judges and lawyers about general principles of common law. And therefore that those treatises will help both the judge and the lawyers at the time of the trial when the person has to go to court.
Answer:
Explanation:
The journal entries are shown below:
1. Loss on Investment A/c Dr $1,800 (1,200 shares × $31 - $39,600)
To GE shares investment A/c $1,800
(Being the adjustment is recorded)
2. Retained earnings A/c Dr $37,200 (1,200 shares × $31)
To Property Dividends Payable $37,200
(Being the entry is made on declaration date)
3. Property Dividends Payable A/c $37,200
To GE shares investment A/c $37,200
(Being the entry is made on payment date)
Answer:
9 pizzas
Explanation:
Given that:
A pizza is ordered frozen from a local pizza establishment and baked at the cafeteria.
Judith anticipates a weekly demand of 10 pizzas.
Opening weeks in a year = 45 weeks
Opening days in a week = 5 days
Daily demand = 10/5 = 2
Ordering cost = $15
Holding cost = $0.40 /pizza/year
Lead time = 4 days
Safety stock = 1 pizza
The objective is to determine the optimal reorder point.
The optimal reorder point = (daily demand × lead time) + safety stock
The optimal reorder point =( 2 × 4 ) + 1
The optimal reorder point = 8 + 1
The optimal reorder point = 9 pizzas