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Mila [183]
3 years ago
15

Martin, an employee at a boutique store, is required to handle store displays and also ensure that all the sales records tally a

t the end of each business day. However, he committed fraud by recording fake sales and then keeping the products to himself. Which of the following managerial concepts would have helped the store avoid this deception?
a) Adverse possession
b) Separation of duties
c) Accession
d) Rule against perpetuities
Business
1 answer:
Ivahew [28]3 years ago
3 0
Your answer is..........b) Separation of duties
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Mannarelli Corporation uses the FIFO method in its process costing system. Operating data for the Casting Department for the mon
Serjik [45]

Answer:

$ 5.34

Explanation:

Calculation for cost per equivalent unit for conversion costs for September

First step is to find the Equivalent units of production

To complete beginning work-in-process:

Conversion 12,000

[15,000 units × (100%-20% )]

Units started and completed 65,000

(89,000-24,000)

Ending work-in-process

Conversion 21,600

(24,000 units × 90%)

Equivalent units of production 98,600

Second step is to calculate the Cost per equivalent unit using this formula

Cost per equivalent unit =Cost added during the period ÷Equivalent units of production

Let plug in the formula

Cost per equivalent unit = $526,524÷98,600

Cost per equivalent unit = $5.34

Therefore The cost per equivalent unit for conversion costs for September is closest to $ 5.34

7 0
3 years ago
Maxwell and Smart are forming a partnership. Maxwell is investing a building that has a market value of $89,000. However, the bu
gogolik [260]

Answer:

The correct option is D,$42,000

Explanation:

The balance on Maxwell capital account=market  value of building contributed less the mortgage on the building

market value of the building is $89,000

Mortgage on the building is $47,000

balance on Maxwell capital account=$89,000-$47,000

balance on Maxwell capital account=$42000

The correct option is D.

Care must taken so that one does include the cash of $38,000 contributed by Smart in Maxwell's capital account balance calculation,otherwise one would have concluded that option  E,$80,000($42,000+$38,000)

6 0
3 years ago
The following information is from Amos Company for the year ended December 31, 2019.
Juliette [100K]

Answer:

Explanation:

The preparation of the statement of retained earnings for Amos Company is shown below:

Retained earnings at December 31, 2018 (before discovery of error) $858,000

Less: Depreciation expense two years ago -$45,600

Add: net income $209,000

Less: Cash dividends declared and paid during the year -$11,000

Retained earnings at December 31, 2019             $1,010,400

3 0
2 years ago
Julio produces two types of calculator, standard and deluxe. The company is currently using a traditional costing system with ma
Julli [10]

Answer:

Results are below.

Explanation:

a)

<u>To calculate the predetermined manufacturing overhead rate we need to use the following formula:</u>

Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Predetermined manufacturing overhead rate= 313,020 / 58,000

Predetermined manufacturing overhead rate= $5.4 per machine hour

<u>Now, we can allocate overhead:</u>

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

Standard= 5.4*26,500= $143,100

Deluxe= 5.4*31,500= $170,100

b)

<u>First, we need to calculate the allocation rates:</u>

Material handling= 183,750 / 1,550= $118.55 per material moves

Setup= 179,180 / 660= $271.48 per setup

<u>Now, we can allocate overhead:</u>

Standard= 118.55*625 + 271.48*85= $97,169.55

Deluxe= 118.55*925 + 271.48*575= $265,759.75

8 0
3 years ago
What college should I got to, to become a singer/songwriter? i live in Oklahoma, if it helps.
netineya [11]

Answer:

Florida State. I'm a singer and they offer a surplus of aid toward my music career.

Explanation:

7 0
3 years ago
Read 2 more answers
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