Answer:
Business diversion
Explanation:
The above scenario is an example of business diversion type of scheme whereby Johanna diverted her employer new client in order to generate her personal income, and it happens without the knowledge of her boss
Answer:The amount of uncollectible accounts expense recognized on the Year 2 income statement is $1,800.
Explanation:The amount of uncollectible accounts expense recognized on the Year 2 income statement is $1,800 ($180,000 x 1%), which has been computed by multiplying the percentage of allowance for uncollectible account with the total on account sales.
To partially eliminate the problems that are associated with the short-term focus of return on investment, residual income, and EVA, the performance of a division's major investments is commonly evaluated through (E) post audits.
<h3>
What are post audits?</h3>
- The post-audit procedure establishes a formal process (feedback) for assessing whether existing initiatives should be continued, extended, or discontinued.
- That is, the post-audit gives useful information that can be used to fix problems before an investment's performance is jeopardized.
- The purpose of the post-audit review process is to ensure that management has addressed all of the recommendations given in the Audit Report.
- The Post-Audit Review occurs shortly after the agreed-upon implementation deadline, which management committed to in the management response.
Therefore, to partially eliminate the problems that are associated with the short-term focus of return on investment, residual income, and EVA, the performance of a division's major investments is commonly evaluated through (E) post audits.
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Answer:
Demon Deacons Corporation
Adjusted Trial Balance:
Demon Deacons Corporation is presented below.
Accounts Debit Credit
Cash $ 9,400
Accounts Receivable 14,400
Prepaid Rent 4,320
Supplies 740
Deferred Revenue $ 1,800
Salaries Payable 700
Common Stock 11,000
Retained Earnings 5,400
Service Revenue 47,480
Salaries Expense 32,700
Rent Expense 2,160
Supplies Expense 2,660
$ 66,380 $ 66,380
Explanation:
a) Data and Calculations:
The December 31, 2021, unadjusted trial balance for
Demon Deacons Corporation is presented below.
Accounts Debit Credit
Cash $ 9,400
Accounts Receivable 14,400
Prepaid Rent 6,480
Supplies 3,400
Deferred Revenue $ 2,400
Common Stock 11,000
Retained Earnings 5,400
Service Revenue 46,880
Salaries Expense 32,000
$ 65,680 $ 65,680
Adjustments:
DR Rent Expense $2,160 CR Prepaid Rent $2,160
DR Deferred Revenue $600 CR Service Revenue $600
DR Salaries Expense $700 CR Salaries Payable $700
DR Supplies Expense $2,660 CR Supplies $2,660
Answer:
Descriptive Statistics
Explanation:
Descriptive Statistics is a technique in which data is collected and then analysis is made on the selected data through numerical techniques or graphs. In the given question the students have selected stocks and are analyzing its performance through graphical and numerical technique. This is descriptive statistics.