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Anestetic [448]
3 years ago
5

50 points. Ethics are essential in good accounting. For this assignment, find examples of poor ethical behavior in accounting an

d some of the fallout of those behaviors. Remember to use good writing habits. Cite your sources.
Business
1 answer:
Alexxandr [17]3 years ago
8 0

Answer:

Ethics of accounting information is providing accounting information to make good economic decisions in the financial statement of the organization.

Explanation:

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Oriole Co. reports net income of $59,000. Partner salary allowances are Pitts $15,000, Filbert $5,000, and Witten $6,000. Indica
loris [4]

Answer:

Oriole Co

Division of net income to each partner:

                                     Pitts      Filbert       Witten      Total

Total income           $33,480   $13,580    $11,940  $59,000

Explanation:

a) Data and Calculations:

Net income = $59,000

Salary allowances = $26,000

Remaining shareable income = $33,000

Allocation of net income to each partner:

                                     Pitts      Filbert       Witten

Income sharing ratio    56     :     26      :      18

Salary Allowances    $15,000   $5,000    $6,000

Shareable income      18,480      8,580       5,940

Total income           $33,480   $13,580    $11,940

b) Calculation of shareable income:

Pitts = $33,000 * 56% = $18,480

Filbert = $33,000 * 26% = $8,580

Witten = $33,000 * 18% = $5,940

6 0
3 years ago
Which of the following examples is NOT a trust indorsement?
konstantin123 [22]

Answer:

a. Rao indorses his payroll check in blank.

Explanation:

There are many types of indorsements, and out of them one is "Trust Indorsement"

Trust Indorsement is an indorsement to a person who can use the funds for the benefit of the indorser.

Example:

Brian indorses a check to his employee Denny  "Payable to Denny, as agent for Brian", This is an example of trust indorsment.

Option b and c are clearly examples of trust indorsements in which you can notice that Rao has indorsed his lawyer and accountant "as agent for Rao".

Whereas, option a is NOT a trust indorsment but rather a "Blank Indorsement"

Blank Indorsment is an indorsement that doesn't have any particular indorsee and only has a signature on it.

7 0
3 years ago
Exercise 20-18 Budgeted cash receipts LO P2 Jasper Company has sales on account and for cash. Specifically, 70% of its sales are
horsena [70]

Answer:

$1,756,600.

Explanation:

                                         P2 Jasper Company

                                     Budgeted cash Receipt

                                           For the 2nd quarter

                                                           April                   May                  June

Accounts Receivable                        $400,000

70% in the month of Sale                  $367,500          $374,500      $392,000

30% in the month after Sale                                        $110,250        $112,350

Budgeted cash receipt                     $767,500           $484,750       $504,350

Total budgeted cash receipt for the 2nd quarter = $767,500 + $484,750 + $504,350 = $1,756,600.

30% in the month after sale means 30% amount will be received in the following month.

6 0
3 years ago
Which of the following is a difference between a push and a pull strategy? Group of answer choices End consumers are targeted in
zheka24 [161]

The difference between a push and a pull strategy is that wholesalers are targeted in a push strategy, whereas end consumers are targeted in a pull strategy.

<h3>What is push Marketing?</h3>

Push marketing basically involves all promotional strategies in which companies use to approach consumer or people to buy their products.

Pull marketing on the other hand means implementing a strategy that naturally draws consumer interest in your brand or products

Learn more about push marketing here: brainly.com/question/13362246

#SPJ12

7 0
2 years ago
The market capitalization rate on the stock of Aberdeen Wholesale Company is 14%. Its expected ROE is 15%, and its expected EPS
Digiron [165]

Answer:

8

Explanation:

Data provided in the question:

The market capitalization rate on the stock = 14%

Expected ROE = 15%

Expected EPS = $56

Firm's plowback ratio = 60%

Based on the above information

The computation of the P/E ratio is shown below

But before that, we need to do the following calculations

As we know that

Payout ratio = (1 - plowback ratio )

= (1 - 0.6 )

= 0.4

Now

Growth rate = ROE × Retention ratio

=  0.15 × 0.60

= 9%

And,

Dividend for next period i.e D1 is

= EPS × Payout ratio

= $6 × 0.4

= $2 .4

So,

Current price = D1 ÷ ( Market capitalization rate - Growth rate )

= $2.4 ÷ ( 0.14 - 0.09 )

= $48

And, finally

P/E ratio is

= (Current price) ÷ (EPS)

= $48 ÷ $6

= 8

4 0
3 years ago
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