'If an internal audit reveals issues, it is time to do some interviews and document reviews. 2 the attorney many people should be involved in the interview process of an employee.

An employee is a person who is paid to work for an individual or company. A worker does not have to work full time to be considered an employee. You just need to be paid for your work by your employer (the person or company that pays your salary).

An employer is an individual, firm, or organization that employs people and pays them wages for their work. A person who works and gets paid is called an employee. Employers provide employment.

An example of an employee is a store clerk. Employees are required to perform specific tasks such as: B. An employee is considered an employee if they wear a name tag and greet customers with certain expressions.

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6 0

1 year ago

Initially, three firms A, B, and C share the market for a certain commodity. Firm A has 30% of the market, Firm B has 45%, and C

AlexFokin [52]

Answer:

Please see attachment .

Explanation:

Please see attachment .

6 0

3 years ago

The management of Bonga Corporation is considering dropping product D74F. Data from the company's accounting system for this pro

xenn [34]

Answer:

Financial disadvantage from dropping = $(182,000)

Explanation:

A product should be shut down if doing so would make the savings in fixed costs associated with the product to exceed the lost contribution. Other wise , the product should remain.

In a shut down decision , the following relevant cash flows should be considered:

1. Lost contribution from the product to be shut down

2. Savings in fixed directly attributable to the product under consideration.

So, we will apply these principles as follows:

Lost contribution from the product to be shut down:

(942,000-415,000) (527,000)

Savings from fixed direct fixed cost:

(217,000+128,000) 345,000

Net loss contribution (182,000)

Financial disadvantage from dropping = $(182,000)

5 0

3 years ago

In its first year of operations, Sunland Company recognized $30,000 in service revenue, $8,100 of which was on account and still

Lorico [155]

Answer:

A. Cash basis $5,750

Accrual basis $11,400

B. Accrual basis

Explanation:

A. Calculation for the first year’s net earnings under the cash basis of accounting, and accrual basis of accounting

Cash basis Accrual basis

Service revenue

$21,900 $30,000

Less Operating expenses

$12,880 $18,600

Less Insurance expenses $3,270 $0

Net income $5,750 $11,400

B. Based on the above calculation the basis of accounting that provides more useful information for decision-makers is ACCRUAL BASIS OF ACCOUNTING.

4 0

3 years ago