Answer:
$3144.20
Explanation:
Using the formula of Future Value FV = PV(1 + R)^N
where;
Present Value PV = $1633
Rate R = 0.14
∴
FV = $1633(1 + 0.14)^5
FV = $1633(1.14)^5
FV = $3144.20
Answer:
C. $ 7,500
Explanation:
Estimated direct labor cost $ 100,000
Estimated direct labor hours 20,000 hours
Predetermined rate per direct labor hours $ 5 per direct labor hour
Actual hours used on a job 1,500 hours
Applied overhead based on the predetermined overhead
rate per direct labor hours
$ 5 per direct labor hours * 1,500 hours $ 7,500
The information regarding machine hours is not relevant to the requirements of the question.
Answer:
Task Environment
Explanation:
Task environment is an external environment that affects an organization's ability to achieve its business goals. We could say that any type of business or customer relationship directly with an organization has the ability of being the part of the business environment. We could count some examples to the mission environment sectors : competitors, customers, suppliers, and labor supply.
Answer:
A. skills-based diversity training
Explanation:
Based on the information provided within the question it seems that Phillip is using skill based diversity training in this scenario. This refers to a training approach that focuses on dealing with diversity in multiethnic workforces and providing the necessary skills to solve various types of problems within them. Which is exactly what is happening in this situation.
Answer:
The answer is stated below:
Explanation:
If the SEC and the AICPA, worked altogether in order to share the information, they might have detected the fraud prior. The case states that the Madoff Securities does not required to submit the peer review program to AICPA as Friehling, had recorded that he did not perform or conduct any audits.
Recommendation
1. The policy execution for the exchange of the information among the two firms would be useful to detect the fraud.
2. The PCAOB should spend more resources an attending the hotline of whistle blowing through executing the policies which need certain complaints to be addressed effectively.
3. The firms or company should have done more in order to verify the financial statements assertions, which surrounds the investments. The PCAOB need to execute the policy that require the companies (such as Madoff Securities) to correctly answer the inquiries of the auditor.
