Solution :
In the context, it is given that foreman in a construction company is responsible for the workers who are unskilled labors.
1. The segregation of the duties which involves the separation of the main functions and have them to conducted by the different workers. But here in this case, the approval of the attendance of the employees and the distribution of the checks to the worker are the important activities that are being conducted by a single employee.
2. This may result into frauds to the company. If the segregation of the duties is not implemented, then the company is at risk. This is because a single employee does the work for the approval of the attendance of the workers and distributing the checks to them for their work. So this can result in a fraud if the foreman wants to do fraud. But distributing the work among two employee will reduce the risk of fraud as one employee many not be willing to do fraud.
Answer:
a. Gross Profit = $200 and Ending Inventory = $280
b. Gross Profit = $160 and Ending Inventory = $220
c. Gross Profit = $180 and Ending Inventory = $240
Explanation:
<u>FIFO</u>
FIFO method assumes that the first goods received by the business will be the first ones to be delivered to the final customer.
<u>Gross Profit</u>
Sales ( 1 × $300) $300
Less Cost of Sales ( 1 × $100) ($100)
Gross Profit $200
Inventory = Units left × earliest price
= 2 × $140
= $280
<u>LIFO</u>
LIFO method assumes that the last goods purchased are the first ones to be issued to the final customer.
<u>Gross Profit</u>
Sales ( 1 × $300) $300
Less Cost of Sales ( 1 × $140) ($140)
Gross Profit $160
Inventory : (1 × $100 + 1 × $120) = $220
<u>Weighted Average Cost (AVCO)</u>
The average cost of goods held is recalculated each time a new delivery of goods is received . Issues are then priced at this weighted average cost.
<u>Gross Profit</u>
Sales ( 1 × $300) $300
Less Cost of Sales ( 1 × $120) ($120)
Gross Profit $180
Inventory = Units left × average price
= 2 × $120
= $240
Matters where you live. it is different in different places.
Answer:
b. False
Explanation:
Selling price of Painting = $30,000
Purchase price of Painting = $10,000
Contribution of Painting = Value of Painting - Purchase price of painting
Contribution of Painting = $30,000 - $10,000 = $20,000
Oriole's charitable contribution deduction is $20,000
So, the statement is false as the contribution is $20,000 rather $30,000.
Terminal EV = EV/EBITDA X EBITDA value of final year of forecast.
<h3>What is EBITDA?</h3>
EV stands for Enterprise Value and is the numerator in the EV/EBITDA ratio. A firm’s EV is equal to its equity value plus its debt less any cash debt less cash is referred to as net debt. In finance, the terminal value of a security is the present value at a future point in time of all future cash flows when we expect stable growth rate forever. The perpetual growth method of calculating a terminal value formula is the preferred method among academics as it has a mathematical theory behind it. This method assumes the business will continue to generate Free Cash Flow (FCF) at a normalized state forever. The exit multiple approach is more common among industry professionals, as they prefer to compare the value of something they can observe in the market.
The correct answer is option A.
Learn more about EBITDA, refer:
brainly.com/question/18370421
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