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k0ka [10]
2 years ago
15

Melissa is a staff accountant for Quality Paper Company, which has strict corporate policies on appropriate use of corporate res

ources. The first week of March, Melissa saw Kent, the branch manager putting printer paper and toner into his briefcase on his way out the door. This situation best reflects a weakness in which aspect of internal environment, as discussed in the COSO Enterprise Risk Management Framework?
Business
1 answer:
Murrr4er [49]2 years ago
5 0

Answer: Integrity and ethical values

Explanation:

 The integrity and the ethical values are the practices in an organization that helps in making various types of effective decisions on the basis of the given situation in an organization.

The integrity is one of the type of ethical and the moral principle that help in taking right decisions with honesty.

According to the given question, the COSO enterprise risk Management is one of the type of organizational framework that reflecting the integrity and the ethical value in the form of internal organizational environment for measuring the proper  use of company's resources.  

 Therefore, The given answer is correct.

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Nolan owns 100% of the capital stock of both Twill Corp. and Webb Corp. Twill purchases merchandise inventory from Webb at 140%
Archy [21]

Answer: <em><u> $56,000 is  unadjusted revenue overstated in the combined income statement for year 2.</u></em>

Explanation:

Consolidated Cost of Goods Sold  = $40,000,

However, Twill realizes $56,000 ($40,000 × 140%) for a total of $96,000 as the cost of goods sold.

Thus,  $56,000[$96,000 – $40,000] should be eliminated from Cost of Goods Sold in the combined income statement for year 2.

7 0
2 years ago
Your project to obtain charitable donations is now 30 days into a planned 40-day project. The project is divided into three acti
adell [148]

Answer:

1. schedule variance = -$52,500

2. SPI = 0.65

3. CPI = 0.56

Explanation:

to get the solution, we calculate for BRWS and BRWP

first we calculate the budgeted revenue of the work scheduled for each activity using this formula:

<u>budgeted</u><u> </u><u>revenue</u><u> </u><u>*</u><u> </u><u>planned</u><u> </u><u>completion</u>

A = 25,000 x 100percent

= $25000

B = 150,000 x (25/30) percent

= $125000

C = 50000 x 0percent

= 0$

total = $25000+$125000+$0

= $150000

Next we calculate budgeted revenue of work performed (brwp)

<em>calculated using this formula</em>:

<u>budgeted revenue x actual </u><u>completion</u>

A = 25000 x 90percent

= 22500 dollars

B = 150000 x 50percent

= $75000

C = 50000 x 0%

= $0

total = 22500 + 75000 + 0

= $97500

<u>1</u><u>.</u><u> </u><u>schedule</u><u> variance</u><u> </u><u>=</u><u> </u><u>BRWP </u><u>-</u><u> </u><u>BRWS</u>

<u>=</u><u> </u>$97500 - $150000

= -$52500

<em>we </em><em>have</em><em> a</em><em> </em><em>negative</em><em> </em><em>schedule</em><em>,</em><em> </em><em>telling</em><em> </em><em>us </em><em>that </em><em>the </em><em>project</em><em> </em><em>is </em><em>behind</em><em> </em><em>schedule</em>

<em>2</em><em>.</em><em> </em><u>schedule</u><u> </u><u>performance</u><u> </u><u>index </u><u>=</u><u> </u><u>revenue</u><u> </u><u>of </u><u>work </u><u>performed</u><u> </u><u>divided </u><u>by </u><u>revenue</u><u> of</u><u> work</u><u> </u><u>schedule</u>

<u>=</u><u> </u>97500/150000

= 0.65

3. <u>cost price index = revenue of work performed divided by actual revenue</u>

= 97500/175000

= 0.56

4. <u>how </u><u>the </u><u>project</u><u> </u><u>is </u><u>going</u><u>:</u>

the schedule performance index (SPI) is 0.65 which is less than 1. this is to say that the project is doing better than planned revenue when we talk of revenue

4 0
1 year ago
This is section 3.8 problem 30: a motel owner observes that when a room is priced at $60 per day, all 80 rooms of the motel are
inna [77]

Answer:

see explanations

Explanation:

First, for 80 room charged at $60 per room ,all rooms are occupied

Let the demand function, expressed by p , the price in dollars charged for each room per day, as a function of x as,

p(x)=$60x ------------where x in the number of rooms

When the price per room is increased by $3, the demand function will be;

p(x)=$63x

Maintenance per room after price increase will be;

p(x)=$16x

This means: $63x -$60x=$16x

3*80 p(x)=16*80

p(x)=(16*80)/(3*80) =5.33

Due to price increase the number of rooms occupied reduced by 5 rooms to 75 rooms. Because of unoccupied rooms bringing no revenue the maintenance cost increased. The demand for room decreased.

6 0
1 year ago
Polaski Company manufactures and sells a single product called a Ret. Operating at capacity, the company can produce and sell 34
Tpy6a [65]

Answer:

$69020

Explanation:

Selling price -$54

Incremental selling price =54*(1-0.16)=45.36

Incremental sales - 45.36*7000= 317520

Contribution -

Direct materials = 24*7000 =     (168000)

Direct labor = 6*7000 =              (42000)

Variable manufacturing =           (21000)     (3*7000)

Variable selling price =                (3500)        2*(1-0.75)

Total contribution =                      83020

Additional cost of machine       (14,000)

Incremental profit                        69,020          

5 0
2 years ago
Annie is self-employed and has $58,000 in income from her business. She also has investments that generated dividends of $3,000
8090 [49]
First, you need to know the self-employment taxes:
The self-employment tax is 92.35%
Social security tax is 12.4% and Medicare tax is 2.9% = (15.3%)

Dividends and interest are not a part of the income.

58000 * 92.35% *15.3% 
Turn the percentages into decimal form in order to multiply. You can do this by moving the decimals over twice or dividing each percentage by 100. 

58000*.9235 * .153 = $8,195.

Annie's self-employment tax for the year is $8,195. 
7 0
2 years ago
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