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Andrew [12]
3 years ago
11

Maria Mendez is division controller and James Dalton is division manager of the Hestor Shoe Company. Mendez has line responsibil

ity to​ Dalton, but she also has staff responsibility to the company controller. Dalton is under severe pressure to achieve the budgeted division income for the year. He has asked Mendez to book​ $200,000 of revenues on December 31. The​ customers' orders are​ firm, but the shoes are still in the production process. They will be shipped on or around January 4. Dalton says to​ Mendez, "The key event is getting the sales​ order, not shipping the shoes. You should support​ me, not obstruct my reaching division​ goals." Requirements 1. Describe​ Mendez's ethical responsibilities. 2. What should Mendez do if Dalton gives her a direct order to book the​ sales?
Business
1 answer:
myrzilka [38]3 years ago
8 0

A) Mendez's ethical responsibilities are,

1)Competence

2)Confidentiality

3)Integrity

4)Credibility

B)The responsibilities of mendez if dalton gives her a direct order to book the sales are explained below.

Explanation:

1)

Integrity

Cometence

Credibility

IMA is highly regarded organization for accountants and finance professionals. The following four standard to which the organization holds CMA's accountable are

1)Competence

2)Confidentiality

3)Integrity

4)Credibility

2)

Mendez should refuse to follow dalton's orders and if dalton persists, the incident should be reported to the corporate controller of hester shoe company. Support for the linc managers should be wholehearted, but it should not require unethical conduct.

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A shift from labor to equipment is:
leva [86]

Answer:

In summary, labor supply is the total hours that workers or employees are willing to work at a given wage rate. Changes in income, population, work-leisure preference, prices of related goods and services, and expectations about the future can all cause the labor supply to shift to the right or left.

6 0
2 years ago
Beginning inventory, purchases, and sales for an inventory item are as follows: Sep. 1 Beginning Inventory 23 units $16 5 Sale 1
Allisa [31]

Answer:

(a) the cost of the goods sold for the September 30 sale and

  • COGS = $415

(b) the inventory on September 30.

  • Ending inventory = 9 units at $17 = $153

Explanation:

date        transaction           units         unit price          total

1              beginning inv.        23                $16               $368

5             sale                        -13                                    ($208)

17            purchase               24                 $17               $408

30           sale                       -25                                    ($415)

30           ending inv.              9                 $17               $153

When we use first in, first out (FIFO) inventory method, the price of the units sold are calculated using the oldest units in inventory.

The COGS of the units sold on Sept. 5 = 13 units x $16 = $208

The COGS of the units sold on Sept. 30 = (10 units x $16) + (15 units x $17) = $160 + $255 = $415

Ending inventory = 9 units at $17 = $153

4 0
3 years ago
How does columbus describe the role and rights of women in native american cultures?
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7 0
3 years ago
1. A useful characteristic of money is that money
Virty [35]

Answer:

O A. allows us to compare the values of goods and services.

Explanation:

Money has three primary functions which include a medium of exchange, unit of account,  and store of value.

As a unit of account, money is used to give value to other assets. In other words, money provides a medium through which assets and products are valued.  Money is divisible into smaller units which makes its application in valuation easy.

The value of goods and services is expressed in monetary terms.  Buyers and seller, therefore, can determine how much is needed to transact.

5 0
2 years ago
Fountain Co. is constructing an office building for its own use. Fountain started the two-year construction project on April 1,
dybincka [34]

Answer:

The answer is:

$105,000 (B)

Explanation:

The weighted average accumulated expenditure (WAAE) is the average depth that is incurred during a business year. It is a combination of the amount spent in asset construction purposes and if loans were taken, the interest rate that accumulated within that same time period.

Next, you have to know what interest capitalization is; Interest capitalization is the accumulated interest on on borrowed amount for construction assets that are for future use.

Next, we nee to know what Capitalization period is; it is the period during which interest costs are incurred on amounts spent to construct an asset in progress. Interests are capitalized during construction until the asset is ready for its intended use. For the purpose of calculation, it is represented as the period of time for which the depth will be incurred over the construction year. for example for a year starting in January 1 to December 31, if $200,000 was borrowed, the capitalization period will be represented as "12/12" meaning that the incurred debt was owed for 12 out of 12 monts, if the same amount was borrowed in May, capitalization period will be represented as "8/12"meaning that the interest was owed for 8 out of 12 months. Now, for our example, the construction year began on April 1 and ended on December 31 (8 months), hence the capitalization periods for the amount taken in April one is "8/8", for July 1 is "5/8" and October 1 is "2/8", meaning that in October the debt was incurred for 2 out of 8 months.

So to calculate the weighted average accumulated expenditure, we need to know; the date of the transaction, the expenditures made, and the capitalization period.

Hence the WAAE is calculated as Actual Expenditure ×  Capitalization Period which is written thus:

                       

Date          Actual Expenditure          Capitalization period        WAAE

April 1         $30,000                                   8/8                            $30,000

July 1          $60,000                                   5/8                            $37,500

October 1   $ 150,000                                 2/8                           $37,500

Total                                                                                              $105,000

6 0
3 years ago
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