Answer:
a) Sarah failed to evaluate a potential ethical issue
Explanation:
A financial fraud refers to misrepresentation of financial data by inflating or reducing a figure amount with the motive to deceive the users of the financial statements and thereby depict better financial position and state of affairs.
The above concept is also referred to as window dressing of accounts.
In the given case, the purpose behind increasing the value of inventory and creation of miscellaneous expense account is to depict fake financial picture. With an increase in the inventory balance, the profits would be inflated. Crediting miscellaneous expenses again would reduce expenses balances and further inflate the profits.
Thus, Sarah failed to evaluate a potential ethical issue when she blindly directed her staff to incorporate such changes.
Explanation:
However, there is a more important reason to conserve fossil fuels, and that's to help heal the environment. Burning petroleum, coal and natural gas fills the air with harmful pollutants, including nitrogen oxides, sulfur dioxide, carbon dioxide, ozone and a host of hydrocarbons.
Answer:
$82.5 per unit
Explanation:
Given that,
Units produced = 42,000 units
Direct labor = $35 per unit
Direct materials = $28 per unit
Variable overhead = $17 per unit
Total Fixed overhead = $105,000
Product cost per unit under absorption costing:
= Direct labor + Direct materials + variable overhead per unit + (Total fixed overhead ÷ Units produced)
= $35 + $28 + $17 + ($105,000 ÷ 42,000)
= $35 + $28 + $17 + $2.5
= $82.5 per unit
Answer and Explanation:
The Fed would use Expansionary monetary policy
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