answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Andrew [12]
2 years ago
11

Maria Mendez is division controller and James Dalton is division manager of the Hestor Shoe Company. Mendez has line responsibil

ity to​ Dalton, but she also has staff responsibility to the company controller. Dalton is under severe pressure to achieve the budgeted division income for the year. He has asked Mendez to book​ $200,000 of revenues on December 31. The​ customers' orders are​ firm, but the shoes are still in the production process. They will be shipped on or around January 4. Dalton says to​ Mendez, "The key event is getting the sales​ order, not shipping the shoes. You should support​ me, not obstruct my reaching division​ goals." Requirements 1. Describe​ Mendez's ethical responsibilities. 2. What should Mendez do if Dalton gives her a direct order to book the​ sales?
Business
1 answer:
myrzilka [38]2 years ago
8 0

A) Mendez's ethical responsibilities are,

1)Competence

2)Confidentiality

3)Integrity

4)Credibility

B)The responsibilities of mendez if dalton gives her a direct order to book the sales are explained below.

Explanation:

1)

Integrity

Cometence

Credibility

IMA is highly regarded organization for accountants and finance professionals. The following four standard to which the organization holds CMA's accountable are

1)Competence

2)Confidentiality

3)Integrity

4)Credibility

2)

Mendez should refuse to follow dalton's orders and if dalton persists, the incident should be reported to the corporate controller of hester shoe company. Support for the linc managers should be wholehearted, but it should not require unethical conduct.

You might be interested in
The automobile industry in a developing country has very few sellers. If one automobile company raises the prices of its trucks
Alborosie

Answer:

The correct answer is B. an oligopoly.  

Explanation:

An oligopoly is a market structure where there are few relevant competitors and each of them has some capacity to influence the price and amount of equilibrium.

In the oligopoly, competitors have market power, but at a lower level than in the case of monopoly. This, since, instead of having only one bidder, there is a small group of companies.

This means that although each of the companies has an influence on the market price and quantity (they do not take it as given), the freedom to choose the level of these variables is limited by the existence of other competing firms. A special case of oligopoly is the duopoly, where there are only two bidders.

3 0
1 year ago
Read 2 more answers
Phil’s filling station gas station operates on a patch on the highway in a patch where there were no gas stations close by. It e
Harman [31]

Answer: Both A and C

Explanation:

The Phil's filling gas station operates on a highway was solo in that area and had no other gas stations nearby.It enjoyed the profit .

Sooner a new gas station opened near Phil's gas station.The profit of the Phil's gas station started decreasing. This was because the it has to lower prices to increase its demand and as there were substitutes available in the market now, people moved to another gas stations for their need.

Both of the cases will decrease its profit.

7 0
2 years ago
Show that if the contribution to profit for trains is between $1.50 and $3, the current basis remains optimal. If the contributi
Dmitriy789 [7]

Answer:

210

Explanation:

Let us consider that x is the number of soldiers produced each week and y is number of trains produced each week.

Also, weekly revenues and costs can be expressed in terms of the decision variables x and y.

Then,

Hence the profit which we want to maximize is given by,

Now the constraints are given as,

Finishing Constraint:

Each week, no more than 100 hours of finishing time may be used.

Carpentry Constraint:

Each week, no more than 80 hours of carpentry time may be used.

Demand Constraint:

Because of limited demand, at most 40 soldiers should be produced each week.

Combining the sign restrictions and with the objective function  and constraints,and yield the following optimization model:

Such that,

First convert the given inequalities into equalities:

From equation (1):

If x=0 in equation (1) then (0,100)

If y=0 in equation (1) then (50,0)

From equation (2):

If x=0 in equation (2) then (0,80)

If y=0 in equation (2) then (80,0)

From equation (3):

Equation (3) is the line passing through the point x=40.

Therefore, the given LPP has a feasible solution first image

The optimum solution for the given LPP is obtained as follows in the second image

The optimal solution to this problem is,

And the optimum values are  .

Let c be the contribution to profit by each train. We need to find the values of c for which the current, basis remain optimal. Currently c is 2, and each iso-profit line has the form

3x +  2y = constant

y = 3x/2 +constant/ 2

And so, each iso-profit line has a slope of  .

From the graph we can see that if a change in c causes the isoprofit lines to be flatter than the carpentry constraint, then the optimal solution will change from the current optimal solution to a new optimal solution, If the profit for each train is c, the slope of each isoprofit line will be.

-3/c

Because the slope of the carpentry constraint is –1, the isoprofit lines will be flatter than the carpentry constraint.

If,

-3/c<-1

c >3

and the current basis will no longer be optimal. The new optimal solution will be point A of the graph.

If the is oprofit lines are steeper than the finishing constraint, then the optimal solution will change from point B to point C. The slope of the finishing constraint is –2.

If,

-3/c < -2 or

C < 1.5

Then the current basis is no longer optimal and point C,(40,20), will be optimal. Hence when the contribution to the profit for trains is between $1.50 and $3, the current basis remains optimal.

Again, consider the contribution to the profit for trains is $2.50, then the decision variables remain the same since the contribution to the profit for trains is between $1.50 and $3. And the optimal solution is given by,

z = 3× (20) + 2.5 × (60)

= 60 + 150

= 210

5 0
1 year ago
Vanguard has an overall (composite) WACC of 10%, which reflects the cost of capital for its average asset. Its assets vary widel
Svetradugi [14.3K]

Answer:

The projects which maximize Vanguard's shareholder wealth are Project A; Project B; Project D.

Explanation:

Projects which maximize the shareholder value are projects delivering Expected Returns which are higher than its risk-adjusted weighted average cost of capital (WACC).

As a result, Project A with Expected return of 15% and risk adjusted WACC of 12%; Project B with Expected return of 12% and risk adjusted WACC of 10%; Project D with Expected return of 9% and risk adjusted WACC of 8%; are the projects that maximize the shareholder's value.

On the other hand, Project C with Expected return of 11% and risk adjusted WACC of 12% is harmful to shareholder value.

8 0
2 years ago
Preble Company manufactures one product. Its variable manufacturing overhead is applied to production based on direct labor-hour
gavmur [86]

Answer:

<h3>Preble Company</h3>

a. The raw materials cost for the planning budget for March is:

= $1,260,000

b. The raw materials cost included in the company's flexible budget for March

= $1,530,000

c. The materials price variance for March is:

= $90,000

Explanation:

a) Data and Calculations:

Standard Cost Card Per Unit:

Direct materials: 5 pounds at $9 per pound $45

Direct labor:        3 hours at $14 per hour        42

Variable overhead: 3 hours at $8 per hour     24

Total standard cost per unit                           $111

Planning budget production and sales for March = 28,000 units

Actual production and sales  for March =  34,000 units

Purchase of 180,000 pounds of raw materials / 5 = 36,000 units

Purchase cost = $8.50 per pound

Price variance = $0.50 per pound favorable ($9.00 - $8.50)

Total purchase cost = $1,530,000

Direct labor worked = 69,000

Standard labor hours = 34,000 * 3 = 102,000 hours

Direct labor volume variance = 33,000 hours (102,000 - 69,000)

Standard variable manufacturing overhead = $816,000 (34,000 * $24)

a. The raw materials cost for the planning budget for March is:

= $1,260,000 ($9 * 5 * 28,000)

b. The raw materials cost included in the company's flexible budget for March

= $1,530,000 ($9 * 5 * 34,000)

c. The materials price variance for March is:

= $90,000 ($9 - $8.50)180,000

4 0
1 year ago
Other questions:
  • Which of the following statements is CORRECT?
    8·1 answer
  • You decide to form a portfolio of the following amounts invested in the following stocks. What is the expected return of the por
    12·1 answer
  • John, Lesa, and Trevor form a limited liability company. John contributes 60 percent of the capital, and Lesa and Trevor each co
    13·1 answer
  • Robert gillman, an equity research analyst at Gillman Advisors, believes in efficient markets, He has been following the mining
    5·1 answer
  • Miguel, Inc. reported net income of $2.5 million in 2022. Depreciation for the year was $160,000, accounts receivable decreased
    11·1 answer
  • Arrange the laws listed in the order in which they were passedPlease note that once you complete this part of the you will be un
    7·1 answer
  • A higher discount rate applied to a given flow of returns in the future (e.g., $5,000 at the end of 5 years, $10,000 at the end
    12·1 answer
  • The relationship between financial leverage and profitability   Pelican​ Paper, Inc., and Timberland​ Forest, Inc., are rivals i
    6·1 answer
  • Juice Drinks has beginning inventory of $10,000, purchases in the amount of $150,000, and ending inventory of $8,000. Juice Drin
    7·1 answer
  • _____________ is a short-term debt security sold by a business firm or financial institution to another business or institution
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!