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3 years ago

When does a conflict of interest occur???

1 answer:

3 0

Occurs when employee has an interest that provides an incentive to do his or her job in a way that serves that interest and not necessarily the interest of the employer he or she his obligated to serve

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Which of the following is a type of intellectual property?

GuDViN [60]

C: software

in most countries, there are four primary types of intellectual property (IP) that can be legally protected: patents, trademarks, copyrights, and trade secrets.

Copyrights do not protect ideas, but rather the manner in which ideas are expressed (“original works of authorship”) - written works, art, music, architectural drawings, or even programming code for software

5 0

2 years ago

Presented below are the basic assumptions and principles underlying financial statements. a. Historical cost principle d. Going

dimulka [17.4K]

Answer:

1. Periodicity assumption.

2. Going concern assumption.

3. Historical cost principle.

4. Economic entity assumption.

5. Full disclosure principle.

6. Monetary unit assumption.

Explanation:

1. Periodicity assumption: The economic life of a business can be divided into artificial time periods. It is also known as the Time period assumption.

2. Going concern assumption: The business will continue in operation long enough to carry out its existing objectives.

3. Historical cost principle: Assets should be recorded at their acquisition cost.

4. Economic entity assumption: Economic events can be identified with a particular unit of accountability.

5. Full disclosure principle: Circumstances and events that could make a difference to financial statement users should be disclosed.

6. Monetary unit assumption: Only transaction data that can be expressed in terms of money should be included in the accounting records.

5 0

2 years ago

Delta Company produces a single product. The cost of producing and selling a single unit of the product at the company’snormal a

iogann1982 [59]

I assumed you typo 821 by $21 per unit, then the answer will be

1- financial disadvantage of accepting the special order is loss of $60,000

2- a minimum selling price for these units should be $14.00

Explanation:

Loss of $60,000 = 15,000 x (14,000 – (5.1+3.8+1+4.2+1.5+2.4))

a minimum selling price for these units is $14.00 per unit because it’s the price the company can earn if accept a special order, though lower than cost of producing and selling at $18.00

6 0

2 years ago

Home Depot selling plywood at wholesale prices during Hurricane Andrew could be considered, (Select the most appropriate answer.

ludmilkaskok [199]

Answer:

d. Possibly a profitable

Explanation:

Wholesale cost goals is to earn profit and sell all goods at a higher price thereby making money and profit. Not consumer centered.

8 0

2 years ago

The accounting records of Omar Company contained the following information for last year: Beginning Ending Direct materials inve

Dafna11 [192]

Answer:

$70,000

Explanation:

The amount of direct material purchased during the year will be arrived at by working back from the amount of Direct Materials used within the year, then we less opening stock of Direct Material because obviously that was not purchased within the year but was carried over from previous period; and finally we add closing stock of Direct Material because that was left over from what was bought during the current period.

Direct materials used............................... $72,000

Beginning Direct materials inventory... ($9,000)

Ending Direct materials inventory.......... $7,000

Direct material purchased ........................$70,000

6 0

2 years ago