Answer:
Please see Explanation
Explanation:
Management
Managers are not included in this list of users by the IASB Framework, because management should have access to all the financial information they need, and in much more detail than financial statements provide. However, management is responsible for producing the financial statements and might be interested in the information they contain.
Employees
Employees need information about the financial stability and profitability of their employer. An assessment of profitability can help employees to reach a view on the ability of the employer to pay higher wages, or provide more job opportunities in the future.
Investors
Investors in a business entity are the providers of risk capital. Unless they are managers as well as owners, they invest in order to obtain a financial return on their investment. They need information that will help them to make investment decisions.
Creditors
Financial information about an entity is also useful for suppliers who provide goods on credit to a business entity, and ‘other trade creditors’ who are owed money by the entity as a result of debts incurred in its business operations (such as money owned for rent or electricity or telephone charges). They can use the financial statements to assess how much credit they might safely allow to the entity.
Customers
Customers might be interested in the financial strength of an entity, especially if they rely on that entity for the long-term supply of key goods or services.
Tax authorities
The tax authorities use the information in the financial statement for the purpose of business regulation or deciding taxation policies.
Explanation:
the reason the leasing company is losing money is because the people in sales are paid their commission for every equipment not regarding the amount of profit that was made. This brought about leasing of so many equipments as they could without thinking if it would have a positive or negative impact on the company. they could lease as many equipments as they could because they were charging low rates to leasing companies.
2. How do we fix this situation and turn the company to a profitable one
The company can fix this by figuring out a much better way to pay incentives to the people in sales. Incentives should be paid out of the profits of the business in such a way that if the lease rate is reduced the performance of those in sales is reduced also.
The unethical behavior in this situation is that Joseph recommends that the hiring manager offer his friend a position, even though he knows he doesn't qualify for the role.
<h3 /><h3>Importance of ethics in the recruitment </h3>
Ethics corresponds to a guide to positive and fair behavior, so in the selection process, it is essential that the recruiter is impartial, empathetic and seeks to select a candidate for a vacancy according to their profile and qualifications, without privileging or harming other candidates.
Therefore, Joseph's attitude, based on his high hierarchical position, was considered unethical, as it is not right to privilege people in an organization based on their personal relationship.
It is essential that as a high-level manager, Joseph develops ethical behaviors that set an example for his team.
Find out more information about ethics here:
brainly.com/question/18401975
Answer:
The correct answer is all of the above
Explanation:
Scrap or the rework costs are the costs which is incurred in order to repair the items that are defective. And the decision to rework or scrap an item or product, ground on the benefits or advantage of the incremental costs.
If the reworked units generate or yield greater advantage or benefit rather than the selling them as scrap, then the decision to rework will be considered.
And if the decision of rework is taken, then the management should consider the incremental costs, revenue or profit from selling the defective units as scarp and the lost profit on selling and making the new units while the rework is performed.
