Answer:
2. Knowingly classifying a material non-current receivable as a current
Explanation:
Fraud is said to occur when a person deliberately or intentionally uses misleading, improper, false information or data in a financial or legal document with the so aim and attempt to unlawfully deprive another person or entity of money, property, or legal rights for their own selfish interests and benefits.
Answer:
(A). Ajax Inc. is most likely to have a RFM of 155.
Explanation:
RFM (Recency, Frequency, Monetary) analysis shows how well customers patronize a business by ranking them based on each of recency, frequency and monetary value, on a scale of 1 to 5, with 5 as the highest and 1 as the lowest.
Ajax Inc. has not ordered in a while, so it most likely has a recency score (R) of 1.
Since they ordered frequently in the past, frequency score (F) is 5.
Since orders were of the highest monetary value, (M = 5).
Therefore Ajax Inc. has a RFM of 155.
Answer:
1. Dr Stock dividends $60 million
Cr Common stock $60 million
2. $1
Explanation:
Preparation of the journal entry that summarizes the declaration and distribution of the stock split
Journal Entries for Siewert Inc
(In millions)
1. Based on the information given we were told that On June 13, the board of directors of the company declared a 2-for-1 stock split on its 60 million which means that the Journal entry will be recorded as :
Dr Stock dividends $60 million
Cr Common stock $60 million
(To record issue of stock dividend)
2. The Par value per share after split =$1 reason been that split are often in form of stock dividend.
Answer:
Product Net monetary advantage
X (800)
Y 1,000
Explanation:
A company should process further a product if the additional revenue from the split-off point is greater than than the further processing cost.
Also note that all costs incurred up to the split-off point are irrelevant to the decision to process further .
Product X
$
Additional sales revenue from further processing
( 47,000-25,400) 21600
Further processing cost <u> (22,400)</u>
Net monetary advantage <u> (800)</u>
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Product Y
$
Additional sales revenue from further processing
( 54,700-37,000) 17,700
Further processing cost <u> (16,700)</u>
Net monetary advantage <u> 1,000 </u>
Product Net monetary advantage
X (800)
Y 1,000
Answer:
evaluating the effects of internal resources and core competencies on a firm's potential to gain and sustain a competitive advantage.
Explanation:
AFI stands for the three stages of strategy in order to better the current position of business in market and gain the competitive advantage.
A = Analyse the current capabilities and weaknesses in internal resources and programmes.
F = Formulate a strategy to overcome the weaknesses and achieve the better opportunities by enhancing the effective use of capabilities.
I = Implement the strategy formulated in order to perform better in the market and gain the competitive advantage, in order to gain maximum profit from the business.