What John should do is he should find reliable and relevant information; perhaps look up the information in the Kelley Blue Book.
He can't ask his friend because he may want to buy a different car, so his advice may not be helpful at all. A car dealer may want him to pay more than he should, so that wouldn't be useful either. His net worth will not help him reach his decision on how much he should pay for the particular car. So this Kelley Blue Book, which is used to compare prices for used cars is his best choice.
Explanation:
(1) Roy has changed the rates for prepaid rent. It is important to note that employ costs are investments and deferred rent is a current account of cash. Ideally the following paragraph should have been submitted by Roy: (I took the sum of $100 for the illustration) :
Account Debit Credit
Rental expenses $100
Cash $100
=> Yet Roy has passed this entry and has not passed the one above :
Account Debit Credit
Prepaid Rent $100
Cash $100
As we have seen, no leasing cost was shown in the firm's income statement when the first payment was not made. In other terms, the net income of the organisation was inflated falsely by $100. $100 will be included in the current account section as accrued rent in the deposits and charged as expenses in the income statement of the next year. The consequence of this journal entry is that the amount of net income is falsely raised by the number of payments shown as prepaid rentals.
(2) With the increase in log entries he will receive a higher premium this year as his payment is related to net income. Whoever lost all those stakeholders fails who depends on the financial statements of the organization to decide.
For example, banks would lose because they assume the financial position of the firm is much greater than its actual position.
(3) Roy's decisions can have far-reaching and important consequences for him. This is an accounting fraud case and therefore legal proceedings against both the administrator and the Director at the direction of whose accounts the crime is committed can be taken. It is very probable that the accountant will also be losing his job in the company and face actions by professional bodies such as ACCA, AICPA, etc. because he breaches the corporate ethical guideline and Code.
The correct answer is B, $178,000. Meyer's current debt to capital ratio is 28 percent. This figure is arrived at by dividing total debt outstanding by total invested capital. In order to achieve the target debt to capital ratio of 55%, Meyer must add $178,000 of debt so that his total debt comes to $363,000.
Answer:
The desk clerk should offer the guest the use of the lobby wireless, which the clerk knows to be problem-free, along with a discount.
Explanation: in other to maintain the guest's cluster of satisfactions, The guest clerk should make sure that things are put in place for the guest satisfaction.