Answer:
a) Sarah failed to evaluate a potential ethical issue
Explanation:
A financial fraud refers to misrepresentation of financial data by inflating or reducing a figure amount with the motive to deceive the users of the financial statements and thereby depict better financial position and state of affairs.
The above concept is also referred to as window dressing of accounts.
In the given case, the purpose behind increasing the value of inventory and creation of miscellaneous expense account is to depict fake financial picture. With an increase in the inventory balance, the profits would be inflated. Crediting miscellaneous expenses again would reduce expenses balances and further inflate the profits.
Thus, Sarah failed to evaluate a potential ethical issue when she blindly directed her staff to incorporate such changes.
Answer:
$14225
Explanation:
The adjusted cash balance shows money that should be present in your bank account at a particular date assuming all the transactions entered in the balance sheet are accurate.
Given:
Cash as at June 30 = $15250, NSF check of $1000 returned by the bank and a service charge of $25.
Golden adjusted cash balance at June 30 = Cash as at June 30 - NSF check returned by the bank - service charge = $15250 - $1000 - $25 = $14225
<span>By implementing inappropriate or improper goals in a given company, but throwing resources and capital at it in order to achieve it, this will ultimately lead to a waste of resources on behalf of the company. A failure to implement effective goals would counter-act on the impact of resources that are being allocated. The correct answer is HIGH EFFICIENCY / LOW EFFECTIVENESS. </span>
Answer:
Machine 1 = 0.092
Machine 2 = 0.111
Combined = 0.222
Explanation:
Given the following :
Lower specification limit (LSL) = 46 mm
Upper specification limit (USL) = 50 mm
MACHINE 1:
Mean 1 (m1) = 48
Standard deviation 1 (σ1) = 0.7
MACHINE 2:
Mean 2 (m2) = 47
Standard deviation 2 (σ2) = 0.3
Cpk formula:
Min(USLcpk, LSLcpk)
USLcpk = (USL - m) / 3σ
LSLcpk = (m - LSL) / 3σ
FOR MACHINE 1:
USLcpk = (50 - 48) / 3(7) = 0.0952
LSLcpk = (48 - 46) / 3(7) = 0.0952
Cpk = Min(0.952, 0.952) = 0.952
FOR MACHINE 2:
USLcpk = (50 - 47) / 3(3) = 0.333
LSLcpk = (47 - 46) / 3(3) = 0.111
Min(USLcpk, LSLcpk)
Cpk = Min(0.333, 0.111) = 0.111
When combined :
Mean = 48
σ = 3
USLcpk = (50 - 48) / 3(3) = 0.222
LSLcpk = (48 - 46) / 3(3) = 0.222
Min(USLcpk, LSLcpk)
Cpk = Min(0.222, 0.222) = 0.222
Answer:
National income accounting
Explanation:
National income accounting collects macroeconomic statistics on production, income, investment, and savings it is an accounting framework that an administrator uses to measure the degree of the country's financial and economic changes. Gross national product is the most common economic indicator which is used to measure national income. National income accounting is an efficient method to analyse the working of the country's economy because it helps to measure nation's micro and macro indicators.
