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.
<em>I hope this information can help you.</em>
Answer:
A.
The output will rise by more than it did when the previous unit was added.
Explanation:
Answer:
Option D. $10,000 is the correct answer.
Explanation:
Journal Entry for pension expenses:
Pension Expense $10,000
Cash $10,000
(To record pension expenses)
Pension expenses for the year ended is comprised of the following components of pension cost.
Service Cost $14,000
Interest cost $6,000
Expected return on plan assets $10,000
__________
Pension expenses $10,000
Answer:
33%
Explanation:
Given that,
Net sales revenue = $62,000,000
Cost of goods sold = $41,540,000
Net income reached the company's highest ever = $9,000,000
Gross profit:
= Net sales revenue - Cost of goods sold
= $62,000,000 - $41,540,000
= $20,460,000
Therefore, the gross profit percentage is calculated by dividing the gross profit by the net sales.
Gross profit percentage for 2016:
= (Gross profit ÷ Net sales) × 100
= ($20,460,000 ÷ $62,000,000) × 100
= 0.33 × 100
= 33%
