True, an ethics officers' role is to act as a counsellor for employees as well as an investigator for the firm.
The Ethics Officer is the company's inner or internal control point for ethical and improper conduct, allegations, objections, and improprieties, as well as providing leadership and guidance on corporate governance problems.
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Answer:
Higher fixed costs and Deteriorating net cash flow postion
Explanation:
The realisation principle indicates that the revenue from these ticket sales should be recognised in the period in which the Wine tasting is held.
Explanation:
It complies with Revenue Recognition Accounting Policy 9. It will be a burden for the organization, until the moment services are provided for which the money is taken.
Revenue recognition is a GAAP which defines the specific conditions under which revenue can be recognized. Revenue recognition is a generally accepted concept of accounting. In fact, when the crucial event happened, profits are remembered and the value of the profit for the company is tangible.
For Example, when a product is sold, the profit accounting is relatively straightforward, and the customer pays the products. Nevertheless, the fact that a company takes a long amount of time to manufacture a commodity will confuse accounting. Consequently, there are a number of situations in which the concept of acknowledgment of profit may be excepted.
Answer:
$ 5.6925
Explanation:
Rate of return= (Current value- original value)/ Original value × 100
15= (Current value- 4.95)/4.95 × 100
Current value= $ 5.6925
This problem needs a Balance Sheet. Ratios are computed based on Balance Sheet, Income Statement, and Statement of Cash flows.
I'll just give out the formula needed to solve for each question.
Current ratio = Current Assets / Current Liabilities
* These figures are found in the Balance Sheet.
Quick ratio = (Cash + Marketable Securities + Accounts Receivable) ÷ <span> Current Liabilities
* These figures are found in the Balance Sheet
</span><span>Inventory turnover ratio = Cost of goods sold / Average Inventory
Inventory turnover ratio = 1,400,000 / Average Inventory
Receivables turnover = Net Credit Sales / Average Accounts Receivable
Assuming Sales is all on account,
Receivables turnover = 2,000,000 / Average Accounts Receivable
Total asset turnover = Net Sales / Total Assets
Assuming Sales is all net of sales returns and discounts,
Total asset turnover = 2,000,000 / Total Assets
Times interest earned (TIE) = Income before Interest and Taxes / Interest Expense
Times interest earned = 370,000 / 50,000 = 7.4 times
Total debt ratio = Total Liabilities / Total Assets
Return on equity (ROE) = Net Income / Shareholders Equity
Return on equity = 240,000 / Shareholders' Equity
Return on assets (ROA) = Net Income / Total Assets
Return on assets = 240,000 / Total Assets
Market-to-book ratio = Share Price / Net book value per share
Market-to-book ratio = 41.40 / Net book value per share
Price-to-earnings (P/E) ratio = Market Value per share / Earnings per share
</span><span>Price-to-earnings ration = 41.40 / 2.40 = 17.25
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