Answer:
c The economy is slowing down and headed towards recession
Explanation:
The global rating agency downgraded many home builders including Hovnanian and cited problems in the mortgage market. The financial crisis of 2008/9 was triggered by slump in mortgage market. The sales result of Hovnanian indicates decline in home sales. There seems to be a liquidity squeeze as banks stopped new lending for mortgages.
Answer:
A
Explanation:
A is the answer to the question
Answer and Explanation:
A. Stakeholders in the situation are:
1. Ellyn
2. The company
3. People using the financial statements
B. Ethical issues include:
1. Ellyn being dishonest by adding $1000 to the equipment asset and mistating the numerical value. This could cause loss as the $1000 could be from a liability account
C. Alternatives:
1. Creating a suspense account for the difference of $1000
2. Postponing finalisation and escalating the issue to a senior accountant to find out where the difference is from
Accounting profit = total revenue - explicit cost
Total revenue = 1000 * 30 * 15 = 450,000
Explicit cost = 150,000
<span>Accounting profit = 450,000 – 150,000 = 300,000</span>
<span>
</span>
<span>therefore, The economic profit for the month is 300,000</span>