1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
scZoUnD [109]
2 years ago
11

Sue Peters is the controller at Vroom, a car dealership. Dale Miller recently has been hired as bookkeeper. Dale wanted to atten

d a class on Excel spreadsheets, so Sue temporarily took over Dale’s duties, including overseeing a fund for filling a car’s gas tank before a test drive. Sue found a shortage in this fund and confronted Dale when he returned to work. Dale admitted that he occasionally uses this fund to pay for his own gas. Sue estimated that the amount involved is close to $450.a. What should Sue Peters do? b. Would you change your answer to the previous question if Sue Peters was the one recently hired as controller and Dale Miller was a well-liked, longtime employee who indicated that he always eventually repaid the fund?
Business
1 answer:
Varvara68 [4.7K]2 years ago
8 0

Answer:

Unethical behavior

Unethical behavior refers to the actions of an individual that exist outside what is marked as morally proper or right for a profession, person and industry. The institute of management accountants has developed standards that must be maintained by the managers in order to face ethical challenges. These standards require managerial accountants to maintain their professional competence, preserve the confidentiality of the information they handle and to act with integrity and credibility.

Part 1)

In this case. Dale Miller is a new employee entrusted with the duties and responsibilities as a bookkeeper. Sue Peters is the supervisor. Dale has used office funds for his personal use thus violating the trust Sue and other managers had on him. An employee who has adopted such kind of behavior would fail to become trusted and valued employee of the company. Since. Sue hired Dale Miller and responsible for all the acts performed by Dale Miller. Therefore, it is ascertained that he should undertake termination of Dale Miller because he fails to comply with the policies pertaining to discipline in the organization.

Part 2)

In this case, when the supervisor Sue is a new employee and finds out a malpractice going on internally by an old employee. Thus under such condition Sue is required to discuss the issue with the immediate superior or supervisor. Unless Sue is able to get additional information pertaining to the issue, he would have warmed Dale Miller that such kind of behavior is not accepted in the future. Therefore, it is ascertained that Sue must have establish closer supervision and better control.

You might be interested in
Although appealing to more refined tastes, art as a collectible has not always performed so profitably. Assume that in 2015, an
xenn [34]

Answer:

-3.41%

Explanation:

The computation of the annual rate of return is shown below;

We use the formula:

Future value = Present value × (1 + rate of interest)^number of years  

$10,710,500 = $12,738,500 × (1 + rate of interest)^5

($10,710,500 ÷ $12,738,500)^(1 ÷ 5) = (1 + rate of interest)

(1 + rate of interest) = 0.965913622

r = (0.965913622 - 1) × 100

= -3.41%

3 0
3 years ago
Lopez Corporation incurred the following costs while manufacturing its product.
grandymaker [24]

Answer:

$358,150

Explanation:

Cost of goods manufactured is calculated in a Schedule of Manufacturing Costs as follows :

Cost of goods manufactured = Beginning Work In Process + Total Manufacturing Costs - Ending Work In Process

where,

Total Manufacturing Costs :

Materials used in product              $124,260

Depreciation on plant                     $69,650

Property taxes on plant                   $21,750

Labor costs of assembly-line        $120,570

Factory supplies used                     $25,810

Total                                               $362,040

therefore,

Cost of goods manufactured = $13,700 +   $362,040 - $17,590 = $358,150

8 0
3 years ago
Depending on the style of the wedding gown dash– and the size of the bride dash– a wedding dress​ custom-designed and sewn in​ j
Step2247 [10]
<span>These would be the variable costs. Since the dress uses up to a specified amount of each of these elements, the costs can vary depending on the size of the gown and the person wearing the gown. Variable costs, unlike those that are fixed, are able to change based upon outside factors.</span>
5 0
3 years ago
Jkjgvvvv k11 . jd.ddc.c.c.c.c.c.c.c.c.cc.c.c.c.c.cc.cc.c.c.c.
BabaBlast [244]

Answer:

Ask your question <u>properly</u>

<u>and </u><u>also </u><u>follow </u><u>me </u>

6 0
3 years ago
Pera Inc. wishes to issue new bonds. These are 5-year bonds with semi-annual interest; $1,000 par value, and a yield to maturity
Gemiola [76]

Answer:

coupon rate= 13.5%

Explanation:

Giving the following information:

Number of periods= 5*2= 10 semesters

Par value= $1,000

YTM= 0.1/2 = 0.05

Price bond= $1,136

<u>To calculate the coupon rate, first, we need to determine the coupon per semester using the following formula:</u>

Bond Price​= coupon*{[1 - (1+i)^-n] / i} + [face value/(1+i)^n]

1,136 = coupon*{[1 - (1.05^-10)] / 0.05} + [1,000/(1.05^10)]

1,136 = coupon*7.722 + 613.91

522.09 = coupon*7.722

$67.61=coupon

<u>Now, the coupon rate:</u>

Coupon= par value*(coupon rate/2)

67.61= 1,000*(coupon rate/2)

67.61= 500coupon rate

0.135=coupon rate

coupon rate= 13.5%

5 0
2 years ago
Other questions:
  • Diamond enterprises is considering a project that will produce cash inflows of $41,650 a year for three years followed by $49,00
    13·1 answer
  • A law or set of laws are created to give a policy legal force
    10·1 answer
  • Compare transnet with a perfect competitor in terms of price and output and profit
    7·1 answer
  • Which type of small store carries a limited line of high-turnover convenience goods and makes most of its revenues from cigarett
    10·1 answer
  • How much does it cost to ship a chair from oregon to new york?
    11·1 answer
  • When seeking a recommendation before awarding a contract, what type of information is least likely to be needed from an applican
    13·1 answer
  • Tidewater Distributors is successfully using short-term financing to buy inventory for resale. As sales climb, the managers real
    7·2 answers
  • Given the data below for a firm in its first year of operation, determine net income under the accrual
    12·1 answer
  • Expansionary fiscal policy relies on changes in tax collections and government spending to achieve a non inflationary level of e
    8·1 answer
  • g Todd Foley is applying for a $210,000 mortgage. He can select either a $1,470 monthly payment with no points or a $1,323 payme
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!