All categories

3 years ago

A(n) ____ is a set of guidelines for helping a firm make ethical decisions:

1 answer:

5 0

A code of conduct is a set of guidelines for helping a firm make ethical decisions. It <span>states the principles and expectations governing the behavior of individuals and organizations in the conduct of internal auditing. Hope this answers the question.</span>

You might be interested in

Williams Corp. is considering signing contracts that will obligate the firm to purchase 100000 Swiss Francs worth of computer eq

ella [17]

Answer:

$80,000

Explanation:

Given that at the end of each quarter, William corporation will purchase 100,000 Swiss francs worth of computer equipment for next 2 years. A local high school will still purchase this computer equipment at $89,000 each quarter for the next 2 years.

This means, we have the following:

Cost of purchase = 100,000 * number of quaters = 100,000 * 8 = 800,000

Convert to USD at an exchange rate of $0.79 = 800,000 * 0.79 = $632,000

Cost of purchase in USD = $632,000

Also, find the revenue generated after selling the computer equipments to the high school.

Revenue generated = $89,000 * number of quaters = $89,000 * 8 = $712,000

Williams' profit or loss would be calculated using the following:

Profit(loss) = Revenue generated - Cost of purchase

= $712,000 - $632,000

= $80,000

Since we have a positive value, Williams would make a profit of $80,000 through out the life of the contract.

4 0

3 years ago

HOW DOES GOVERNMENT PAVING ROADS AFFECT GDP<br> ?

ruslelena [56]

It effects how money is moved around the united states. They will hire more companies, such as contractors. Those contractors will hire other companies to do said work, they companies will hire workers. However it creates more jobs, and more government spending.

7 0

3 years ago

Dependable Appliances, Inc. and Elain enter into a contract for a sale of kitchen appliances. Dependable, a merchant who deals i

Anuta_ua [19.1K]

Answer:

B) fit for the ordinary purpose for which such goods are used.

Explanation:

An implied warranty of merchantability means that the products sold should fulfill an ordinary buyer's expectations and should be fit for the purpose intended.

All products carry an implied warranty of merchantability unless expressly disclaimed or identified as a sale "with all faults" or "as is".

6 0

3 years ago

Alpaca Corporation had revenues of $300000 in its first year of operations. The company has not collected on $19900 of its sales

lyudmila [28]

Answer:

$238,148

Explanation:

Total expenses:

= Inventory purchased + Salaries expense + Interest expenses + Insurance expense

= $85,000 + $15,000 + $3,300 + $3,900

= $107,200

Net income:

= Total revenue - Total expenses

= $300,000 - $107,200

= $192,800

Net income after tax:

= Net income - Taxes

= $192,800 - ($192,800 × 9%)

= $192,800 - $17,352

= $175,448

Cash balance:

= Net income after tax - Amount not collected on accounts receivable + Amount not paid on purchases - Prepaid insurance + Money invested by owners + Money borrowed

= $175,448 - $19,900 + $26,500 - $3,900 + $30,000 + $30,000

= $238,148

6 0

3 years ago

A company reports the following information for June: Sales revenue $ 104,000 Income tax expense $ 11,000 Operating expenses 22,

Elodia [21]

Answer:

Gross profit $39,000

Explanation:

X company

Income statement ( parochial)

For the year ended, June 30 20YY

Sales revenue $104,000

Less: cost of goods sold $65,000

Gross profit $39,000

In that case, we do not use Income tax expense, Operating expenses, Deferred revenues, Non-operating revenues because those will be needed when we will calculate the net income.

5 0

3 years ago