Answer:
The spirit behind Federal Sentencing Guidelines for organizations is that: Legal violations can be prevented through organizational values and a commitment to ethical conduct.
Explanation:
In 1991, under Sentencing Reform Act, there was an extension. According to this, Sentencing Commission of the United States submitted 'Federal Sentencing Guidelines for Organizations' (FSGO) to the Congress. These are a set of standards that govern what would be the sentences federal judges could impose on the organizations in case there are any federal crimes committed.
The main purpose of these guidelines is that it streamlines sentencing and punishment in case there are organizational crimes. It holds companies and employees responsible for any misconduct in the organization. So, the spirit of these guidelines is that it would prevent any legal violations in the organization and prevent any violation to ethical conduct.
The percentage change in the quantity demanded of film divided by the percentage change in the price of cameras indicates:
The price elasticity of demand for film
Answer:
Explanation:
The T account is presented below:
Allowance for Doubtful Debts
Jan 29 $5,850 Jan 1 Beginning balance $54,200
Aug 9 $11,850 April 18 $4,000
Dec 31 $52,160 Nov 7 $7,000
Dec 31 Unadjusted
balance $4,660
Dec 31 Adjusting entry $64,660
Dec 31 Adjusted balance $60,000
Answer:
$81,020
Explanation:
The cost of the asset includes the cost of purchase less any given discount or tax returns and the addition of other cost incurred in making the asset available for use.
As such, the cost of the machine
= $77,000 - (5% * $77,000) + $2,000 + $4,520 + $1,350
= $81,020
The routine maintenance cost is not a part of the asset but an expense in p/l.
