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2 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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Corny and sweet grows and sells sweet corn at its roadside produce stand. the selling price per dozen is $3.75, variable costs

ANEK [815]

If corny and sweet grows and sells sweet corn at its roadside produce stand. the selling price per dozen is $3.75, variable costs are $1.25 per dozen, and total fixed costs are $750.00, the breakeven sales will be $ 1, 125. Breakeven sales are computed by dividing the company's expenses with the margin ratio.

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3 years ago

Smith operates a roof repair business. This year Smith's business generated cash receipts of $32,000 and Smith made the followin

rodikova [14]

Answer:

Net income = $20,940

Explanation:

Answer 1.

Accounts

Cash Receipts 32,000

Expenses

Advertising 500

Depreciation 3,200

Car & Truck Expense 1,360

Employee Compensation 5,000

Education 1,000 11,060

Net Income 20,940

Therefore, the net income that Smith should report from his business after considering all the cash receipts and all the expenditures associated with his business is $20,940. All the expenses are to be deducted from income.

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3 years ago

Why was money scarce when crops produced a good profit? savestylesformat instructions?

Zolol [24]

<span>Although a profitable surplus of products was maintained, money was as scarce in the colonies as it was in England. Whenever gold or silver was earned from exported products, it had to be sent to England to pay debts or to import needed goods. This produced an environment where money was scarce even despite the decent profit earned from crops.</span>

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3 years ago

Red Hot Chili Peppers Co. had the following activity in its most recent year of operations.Classify the items as (1) operating—a

lora16 [44]

Answer:

a. Purchase of Equipment - (3) investing

b. Redemption of bonds payable - (4) financing

c. Sale of building - (3) investing

d. Depreciation - (1) operating—add to net income;

e. Exchange of equipment for furniture - (5) significant noncash investing and financing activities

f. Issuance of capital stock - (4) financing

g. Amortization of intangible assets - (1) operating—add to net income

h. Purchase of treasury stock - (4) financing

i. Issuance of bonds for land - (5) significant noncash investing and financing activities

Explanation:

The cash flow statement categories the company's transactions in a financial period into 3 groups; these are operating, investing and financing.

The net profit/loss, depreciation, changes in current assets (other than cash) and liabilities are considered as operating activities including income taxes.

The sale of assets, interest received, purchase of investments are examples of investing activities while the issuance of stocks, debt principal deduction (loan settlement), issuance of debt securities etc are examples of financing activities.

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3 years ago

How can dishonest behavior affect your career

mr_godi [17]

I can get you caught up in a lot of lies

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2 years ago

Read 2 more answers