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Charra [1.4K]
3 years ago
8

Match the Steps in the Compliance Program from the U.S. Sentencing Commission Guidelines. Identify the order in which the steps

are usually taken.
1. Encourage employees to report violations.
2. Enforce standards consistently and fairly.
3. Improve program after violations.
4. Assign upper-level managers to be in charge.
5. Train employees on standards and procedures.
6. Delegate decision-making authority only to ethical employees.
7. Establish standards and procedures.
a. 7
b. 1
c. 6
d. 3
e. 2
f. 5
g. 4
Business
1 answer:
uranmaximum [27]3 years ago
6 0

Answer:

The following are the order in which the steps are taken in regards to the Compliance Program from the US Sentencing Commission Guidelines:

7. Establish standards and procedures.

1. Encourage employees to report violations.

6. Delegate decision-making authority only to ethical employees.

3. Improve program after violations.

2. Enforce standards consistently and fairly.

5. Train employees on standards and procedures.

4. Assign upper-level managers to be in charge.

Explanation:

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The Don't Tread on Me Tire Company had retained earnings at December 31, 2015 of $202,000. During 2016, the company had revenues
vivado [14]

Answer:

The answer is $241,800

Explanation:

Step 1:

We need to find Net income.

Net income = Revenue - expense

$402,000 - $351,000

Net income is $51,000

Step 2.

Closing/ending retained earnings = beginning/starting retained earnings plus net income minus dividend.

= $202,000 + $51,000 - $11,200

=$241,800

Therefore, Retained earnings on the balance sheet as of December 31, 2016 is $241,800

6 0
3 years ago
Sue quit her $40,000 per year job and opened a coffee shop that she calls Top Brew. In the first year, Top Brew earned $200,000
Ainat [17]

Answer:

$21,000

Explanation:

Economic profit = accounting profit - implicit cost

Accounting profit= total revenue - explicit cost

Explicit cost includes the amount expended in running the business. They include rent , salary and cost of raw materials

Implicit cost is the cost of the next best option forgone when one alternative is chosen over other alternatives. Implicit cost includes salary lost due to opening the shop and interest that could have been earned on the savings  

Total explicit cost = $80,000 + $40,000 + $15,000 = $135,000

Accounting profit = $200,000 - $135,000 = $65,000

Economic profit = $65,000 - ($40,000 + $4,000) = $21,000

7 0
3 years ago
Suresh Co. expects its five departments to yield the following income for next year.
DIA [1.3K]

Answer and Explanation:

The re-computation and prepare the departmental income statements is shown below:-

Department N and T has sales dollar lower than Avoidable expenses, therefore those department will be eliminated. Also Unavoidable expenses will be occurs.

Department with less sales than avoidable expenses eliminated

                    Dept M       Dept N    Dept O       Dept P       Dept T    Total

Sales           $63,000      $0          $56,000    $42,000     $0        $161,000

Expenses

Avoidable:      $9,800    $0         $22,400     $14,000     $0         $46,200

Unavoidable   $51,800 $12,600 $4,200        $29,400   $9,800 $107,800

Total

expenses      $61,600    $12,600  $26,600   $43,400    $9,800   $107,800

Net income

(loss)              $1,400     ($12,600)  $29,400   ($1,400)    ($9,800)   $7,000

3 0
3 years ago
What is the term used to describe product attributes that attract certain customers and can be used to form the competitive posi
Nikitich [7]

Answer:

What is the term used to describe product attributes that attract certain customers and can be used to form the competitive position of a firm?

Competitive dimensions.

Explanation:

In the business world, there are companies that sell products that are used for the same things. The companies in this types of environments are in competition with each other since they are all fighting over the same resource which is market share. A bigger market share usually translates to more customers and more sales. Bigger sales reflects to a bigger profit margin. For a company to have a bigger market share, there are a number of things that they can do to form the competitive position of their firm. They can do this by using product attributes that attract certain customers, a situation termed competitive dimensions.

The following competitive dimensions can be considered, namely;

1. Quality: companies can focus on the quality of their product by improving the quality of the features above the competition. In this way some customers might consider opting for that product because of its perceived quality. The major features of quality are: reliability, performance, serviceability and value for money.

2. Time: the following form the major components of time, namely; delivery time, manufacturing lead-time and frequency of delivery.

3. Price and cost: these include selling price and the service costs.

3 0
3 years ago
Ivory Corporation, a calendar year, accrual method C corporation, has two cash method, calendar year shareholders who are unrela
joja [24]

Answer:

$225,000

Explanation:

Computation for Ivory Corporation's 2019 deduction for the above amounts.

In a situation where a Corporation uses the accrual method such Corporation cannot in any way claim a deduction for an accrual with respect to a related party reason been that the recipient have to reports the amount as income.

Therefore Ivory Corporation cannot deduct the $25,000 bonus which was attributable to Oscar because Oscar is the related party until the year 2018.

Ivory Corporation should go ahead and deduct in 2017 the salary payments which is been made to each shareholder plus the accrued bonus to Craig, or $225,000

Salary of $100,000 + Salary of $100,000 + $25,000 bonus

$225,000

5 0
3 years ago
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