Rather than taking $10,000.00 from a dormant account to carry out the operation, she could have solicited funds elsewhere.
1. This is an ethical problem. In this case, the bank teller is wrong for taking $10,000.00 from the dormant account to carry out the operation. This is wrong and she could be sent to jail because this is fraudulent.
2. The stakeholders, in this case, are the bank, and the owner of the account.
3. The alternatives that the bank teller could have done include:
- Borrowing from friends
- Taking a loan.
- Soliciting for help online or from non-profit organizations.
4. I'll choose "Soliciting for help online or from non-profit organizations" since it'll be free and I won't have to pay the loan back.
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Answer:
212,000 pounds
Explanation:
Calculation to determine what the pounds of material to be purchased in April is
Beginning inventory 210,000
(105,000 x 2)
Add Ending inventory 44,000
(20% of May production needs
( 110,000 x 2 x 20%)
Less Beginning Inventory 42,000
(20% of April)
April pounds of material to be purchased 212,000 pounds
(210,000+44,000-42,000)
Therefore the pounds of material to be purchased in April is 212,000 pounds
Answer: Cost of Gods Sold
Explanation:
The Cost of Goods sold in the income statement is calculated thus;
= Opening inventory + Purchases - Closing stock
Looking at the formula above, one can see that closing stock reduces the Cost of Goods sold. If inventory is therefore overstated, it would reduce Cost of Goods sold more than it should which would result in the Cost of Goods sold being understated.
Answer: Income is higher under absorption costing by $15,000. This is consistent with a general rule of thumb: Increases in inventory cause income to be higher under absorption costing than under variable costing, and vice versa.
Explanation:
Answer:
The answer options are:
A. 90 days
B. 1 year
C. 4 years
D. 6 years
Explanation:
FINRA Rules prescribe that broker/dealers preserve for a period of not less than 6 years after the closing of any customer's account, any account cards or records which related to the terms and conditions with respect to the opening and maintenance of the account.
