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3 years ago

_________ include management's commitment to the ethics program and the methods or system for ethics evaluation.

1 answer:

7 0

Process controls include management's commitment to the ethics program and the methods or system for ethics evaluation.

Management does this to have accurate information and control in situations that relate to a process, person or group of people. By doing this they can make decisions.
There are 4 steps in this process:
1) Decide on standards to measure performance
2) Measure performance
3) Compare performance against their standards
4) Take necessary actions

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Sheffield Corporation had net credit sales of $14300000 and cost of goods sold of $9070000 for the year. The average inventory f

Art [367]

Answer:

Explanation:

Inventory turnover is the ratio of the cost of goods sold to the average inventory for the year. Mathematically,

Inventory turnover = cist of goods sold/Inventory for the year

Given cost of goods sold = $9070000

Inventory = $1814000

Inventory turnover = $9070000/$1814000

= $5

6 0

3 years ago

Read 2 more answers

How can interest rate fluctuations impact a nation's economy?

krok68 [10]

Answer:

A. Higher interest rates tend to attract foreign visitors.

Explanation:

I just took the test.

6 0

2 years ago

A capital budgeting project has a net investment of $415,000 and is expected to generate net cash flows of $138,000 annually for

kirill [66]

Answer:

the net present value is $13,131

Explanation:

The computation of the net present value is shown below

As we know that

Net present value = Annual cash inflows × PVIFA factor for 4 years at 11% - Initial investment

= $138,000 × 3.1024 - $415,000

= $428,131 - $415,000

= $13,131

Hence, the net present value is $13,131

We simply applied the above formula so that the correct value could come

And, the same is to be considered

5 0

3 years ago

ordan Electronics currently produces the shipping containers it uses to deliver the electronics products it sells. The monthly c

sasho [114]

Answer:

1. $19,300

2. Yes

Explanation:

1. The computation of relevant cost is shown below:-

= Unit-level materials + Unit-level labor + Unit-level overhead + Product level cost

= $5,800 + $6,400 + $3,900 + $3,200

= $19,300

Working note:-

Product level cost = $9,600 ÷ 3

= $3,200

2. Yes, Therefore Production is lower than buying cost, hence it is better to continue production.

Purchase price = 9,200 × $2.80

= $25,760

8 0

3 years ago

Laserscope Inc. is trying to determine the best combination of short-term and long-term debt to employ in financing its assets.

snow_lady [41]

Answer:

Laserscope Inc.

Return on Equity (ROE):

= $1,466,400/$18,000,000 * 100

= 8.15%

Explanation:

a) Laserscope's Return on Equity (ROE) is a financial performance measure, calculated by dividing the net income or Earnings After Tax (EAT) by its total shareholders' equity. It is usually expressed as a percentage. So the above calculation is further multiplied by 100.

b) Data and Calculations:

Current assets = $16

Fixed assets = $20

Total assets = $36

Debt ratio = 50% of $36 million = $18 million

Therefore, Stockholders' equity = 50% (1 - 50%) or $18 million

EBIT = $4.1 million

Short-term debt = $6 million

Long-term debt = $12 million

Interest on short-term debt = $420,000 (7% * $6 million)

Interest on long-term debt = $1,236,000 (10.3% * $12 million)

Total interest expense = $1,656,000

Earnings before interest and taxes = $4,100,000

Interest expense 1,656,000

Earnings before taxes 2,444,000

Company tax (40%) (977,600)

Earnings after taxes (EAT) $1,466,400

7 0

3 years ago