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a_sh-v [17]
3 years ago
5

Management’s attitude toward aggressive financial reporting and its emphasis on meeting projected profit goals most likely will

significantly increase opportunities for fraudulent financial reporting when
Business
1 answer:
horrorfan [7]3 years ago
7 0

Answer:

the Management section is completely controlled by only one person who is also a shareholder.

Explanation:

Based on the information provided within the question this will significantly increase when the Management section is completely controlled by only one person who is also a shareholder. In any situation where one person hold's all the power, corruption (fraudulent financial reporting) increases since the individual is able to blend in and not raise suspicion since they are the only one that is completing a certain task.

I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

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Managers use a predetermined overhead rate for which of the following reasons?
Rashid [163]

Answer:

Option A and B

Explanation:

The company desires to estimate the cost of the job so that it can minimize it by emphasizing control. This is one of the major reasons why the companies estimate cost of the job, product or service. So option A is correct.

Option B is also correct because the companies have to form contracts with its customers and for that reason predetermined overhead rates helps a lot estimating the price of the product which the company and customer can agree upon.

Option C is incorrect because predetermined costs are estimates and estimates are not always accurate.

Option D is false because daily recording of overheads requires predetermined overhead rates which is adjusted at the month end or quarter end or year end. So its not useless at all.

4 0
3 years ago
Dry gulch farms hires elliot to repair its irrigation system on site on a certain date for $2,500, but elliot does not show up a
OLEGan [10]
The answer is "nominal damages".

Nominal damages alludes to a harm or damage grant that is issued by a court when a legitimate wrong has happened, yet where there was no real budgetary misfortune because of that lawful wrong. Regularly, when an nominal damage grant is utilized, the offended party will be granted $1 or $2. This may appear to be senseless, however nominal damages fill an essential need.
5 0
4 years ago
Fox Corp. failed to accrue warranty costs of $150,000 in its December 31, 20x2, financial statements. In addition, a $130,000 ch
faust18 [17]

Answer:

$150,000

Explanation:

$150,000

The failure to accrue warranty expense is an accounting error. It gives rise to a Prior period adjustment in the year of discovery (20x3).

Prior period adjustments are limited to corrections of errors affecting prior-year net income. They adjust the beginning balance of retained earnings in the year of correction.

The change in depreciation method is an estimate change, which is reported in earnings. It is not a Prior period adjustmen

8 0
3 years ago
If the restaurant runs a sale and the customer arrival rate increases by 20%, how would this change the total time expected to s
kenny6666 [7]

Answer:

Explanation: when the total number of customers *increases*, in order to serve the increased number of customers, it needs to be done *faster* in order not to keep other customers waiting for too long. And also this increased customer patronage would increase as well, the number of cars driving through the drive way

4 0
4 years ago
What are the benefits of a cooperative work experience
cupoosta [38]

Answer:

Earns college credit for working in the job field related to his/her career or educational goals.

Has the opportunity to earn money while learning.

Learns what work in the related career field is all about.

Increases employability and earning power.

Increases the potential to advance within the career field.

Explanation:

4 0
4 years ago
Read 2 more answers
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