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3 years ago

An accountant who blows the whistle on financial wrongdoing by his/her employer by going outside the entity violates:

Business

1 answer:

stepladder [879]3 years ago

5 0

Answer:

1. The correct answer is b) Confidentiality.

2. The CEO supports the CFO and does not agree to correct the financial statements

Explanation:

1. Confidentiality is an important element for different companies and professions, for example, through confidentiality, companies protect much of their information. That is why many companies make a confidentiality agreement with their employees when hiring them with the aim that the Company information is not shared for any reason.

There are confidentiality agreements that remain in force after people have stopped working at the company, for example in the case of the accountant who denounces the financial irregularities of his former boss, violates the confidentiality agreement and if his employer shows that he has no irregularity he can sue the accountant for not complying with the agreement.

2. Executive Director of the company is known as the CEO, whose function is the development of the business plan and the organization of the company.

The CFO is the acronym for the financial director in companies, they have the function of financial planning.

In companies, Executive Director (CEO) has the authority to accept or deny actions to be taken, for example, he has the authority to tell the chief financial officer (CFO) not to correct the company's financial statements. When the company has problems, it may be that the CEO and CFO will have responsibilities taking into account their functions.

I hope this information can help you.

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Causwell Company began 2021 with 10,000 units of inventory on hand. The cost of each unit was $5.00. During 2021, an additional

lidiya [134]

Answer: 1. $110000.

2. $120000

Explanation:

First, we calculate the sold units which will be:

= Opening inventory + Purchase - Ending inventory

= 10000 + 30000 - 20000.

= 20000

Then, the cost of stock per unit will be:

= $115000/20000

= $5.75

The total cost of the total stock available will be:

= 40000 × $5.75

= $230,000

Cost of purchase stock will be:

= Total cost of stock - Cost of beginning inventory

= $230000 - $50000

= $180000

Then, cos per unit of purchased stock will be:

= $180000 / 30000

= $6

1 Determine the cost of goods sold for 2021 using the FIFO method.

Cost from begining inventory = 10000 × 5 = 50000

Add: Cost from purchase inventory = 10000 × 6 = 60000

Cost of goods sold under FIFO = 110000

2. Determine the cost of goods sold for 2021 using the LIFO method.

This will be:

= 20000 × 6

= 120000

5 0

3 years ago

Adidas is using 3D printed shoes which will be custom made at first and then mass manufactured, as unit costs fall. Three-dimens

Nitella [24]

Answer:

c. nearly eliminates transportation of finished goods to distribution centers and retailers

Explanation:

3D printing is a form of additive manufacturing that should help in carbon footprint that are related with the transport sector as the transportation and the storage should be decreased via the technology,

The shoes should be generated on demand basis that depend upon the 3d printing technology so it removed the finished goods transportation to the distribution centers & the retailers

Therefore the correct option is c.

7 0

3 years ago

Nelson's Landscaping has 1,200 bonds outstanding that are selling for $990 each. The company also has 2,500 shares of preferred

melamori03 [73]

Answer:

Weight of the common stock = 45%

Explanation:

WACC is the average cost of a company long-term sources of finance. Each source is weighted according to the proportion of its market value to the total market value of the pool of funds.

To calculate the weighted of the common stock , we will follow the steps

below:

Step 1

Calculate the total market value of all the sources of fund

Market value of common stock

Bonds = $990 × 1,200 = $ 1,188,000

Preferred Stock = $28 × 2500 =$70,000

Common stock = $37 × 28,000 =$1,036,000

Total market value = 1,188,000+ 70,000 + 1,036,000

$2,294,000.00

Step 2

Calculate the weight of common stock

Weight of the common stock = ($1,036,000/ $2,294,000.00 ) × 100

= 45%

Weight of the common stock = 45%

8 0

3 years ago

A manufacturing company has budgeted production at 940 units for the month. Each unit requires 3.5

USPshnik [31]

The total cost of direct labor for the month will be $ 49350, if the company has budgeted production at 940 units for the month, each unit requires 3.5 hours of labor to produce and the average labor rate is $15 per hour.

Explanation:

The given is,

Total units produced in a month

= 940 unit per month

Time for each unit

= 3.5 unit per hour

Labor rate = $15 per hour

Step:1

Total Labor working hours for 940 units,

= Total units × Time for each unit

= 940 × 3.5

= 3290 hours

Step:2

Labor cost total working hours

= Total Labor working hours × Labor cost per hour

= 3290 × 15

= $ 49350

Result:

5 0

3 years ago

Taj operates a sole proprietorship, maintaining the business records under the cash-basis method of accounting. Taj performs ser

love history [14]

Answer:

Option D. $0

Explanation:

The reason is that Taj will have to recognize a bad debt expense of $12,000 which would decrease the receivable with the same amount.

The entry would be:

Dr Bad Debt Expense $12,000

Cr Accounts Receivables $12,000

This means that the Taj will not reconize loss, all he will do is pass a bad debt expense entry. So the correct answer is option D.

3 0

3 years ago