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3 years ago

Identify which principle applies to each scenario by placing the appropriate label next to each scenario.

1 answer:

6 0

<span>Each scenario refers to some label. The labels are placed with a different order. We need to arrange them by checking the possibilities. Labels most probably matches with one scenario each or it can be many. If labels are less in numbers than the scenarios then it can be matched with multiple scenarios.</span>

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Maria Mendez is division controller and James Dalton is division manager of the Hestor Shoe Company. Mendez has line responsibil

myrzilka [38]

A) Mendez's ethical responsibilities are,

1)Competence

2)Confidentiality

3)Integrity

4)Credibility

B)The responsibilities of mendez if dalton gives her a direct order to book the sales are explained below.

Explanation:

Integrity

Cometence

Credibility

IMA is highly regarded organization for accountants and finance professionals. The following four standard to which the organization holds CMA's accountable are

1)Competence

2)Confidentiality

3)Integrity

4)Credibility

Mendez should refuse to follow dalton's orders and if dalton persists, the incident should be reported to the corporate controller of hester shoe company. Support for the linc managers should be wholehearted, but it should not require unethical conduct.

8 0

3 years ago

Leaders using the __________ style of leadership are only minimally involved in decision making and encourage group members to m

Alexeev081 [22]

<h2>Leaders using the "authoritarian leadership" are only minimally involved in decision making and encourage group members to make their own decisions.</h2>

Explanation:

Authoritarian leadership is also called Autocratic leadership.

They take little inputs from the group and has overall control and decision making power.

They do not accept advice from others

They do not trust others and try to rule everyone.

Most of the team members are not allowed to participate in any of the event and not even the immediate subordinate. Team members work like a robot.

It often outcomes only adverse effects.

8 0

3 years ago

As an auditor for Bernard and Thomas, you are responsible for determining the proper classification of income statement items in

sdas [7]

Answer:

a. One of the company's restaurants was destroyed in a forest fire that raged through Southern California. Uninsured losses from the fire are estimated to be $450,000: Other expenses.

b. California Sports Grill has three operating divisions: restaurants, catering, and frozen retail foods. The company sells the frozen retail foods division of the business for a profit of $2.4 million in order to focus more on the restaurant and catering business: Discontinued operations.

c. An employee strike to increase wages and benefits shut down operations for several days at an estimated cost of $200,000: Other expenses.

d. A restaurant waiter slipped on a wet floor and sued the company. The employee won a settlement for $100,000, but California Sports Grill has not yet paid the settlement: Other expenses.

e. The company owns and operates over 40 restaurants but sold one restaurant this year at a gain of $650,000: Other revenues.

Explanation:

Other expenses in business management are non-operating expenses that a business incurs. It is a cost that isn't related to the main operation of a company's business, such as interest expense, losses incurred from disposal of a fixed asset.

Other revenues in business are revenues that are derived by a company from any source other than the company's business operations, such as a company selling one of it's restaurants.

Discontinued operations in business describes a situation where parts of a company's core business are sold, abandoned or shut down and all the profits or losses are usually reported separately on an income statement.

6 0

3 years ago

Marwick Corporation issues 15%, 5 year bonds with a par value of $1,070,000 and semiannual interest payments. On the issue date,

Over [174]

Answer:

The bond's issue (selling) price = $1,146,890.2

Explanation:

The selling price of the bond is equivalent to the present value of all the cash flows that are likely to accrue to an investor once the bond is bought. These cash-flows are the periodic coupon payments that are paid semi anually and the par value of the bond that will be paid at the end of the 10 years.

During the 5 years, there are 10 equal periodic coupon payments that will be made. In each year, the total coupon paid will be $$1,070,000*0.15=$160,500$ and this payment will be split into two equal payments equal to $\frac{160,500}{2}=$80,250$ . this stream of cashflows is an ordinary annuity