When using acronym meet to improve intercultural relations in work place what action does the T represent

Martina advises her tax client, Breslin Baked Goods, to disclose a matter by attaching a special form to its corporate tax retur

harina [27]

Answer: Martina should draft a memo for the files indicating that Breslin is a difficult client.

Explanation: The tax professional ethics standard states that one has to be under the rules and regulations that abides the profession, most especially the AICPA (American Institute of Certified Public Accountants). This means that for one to be ethical, the person's practice must be professional and in accordance to rules.

Because Martina has to be ethical, and also secure her client, she has to disclose the matter the way her clients wants it, but she also has to indicate that Breslin is a difficult person, so that her disclosure won't appear unprofessional, and for her license to be secured.

It will be unprofessional if Martina cannot handle a difficult clients. It is also unprofessional if Martina option becomes quiting or being sacked for not delivering a job.

7 0

2 years ago

Faldo Corp sells on terms that allow customers 45 days to pay for merchandise. Its sales last year were $325,000, and its year-e

scoray [572]

Answer:

The difference is 22.34 days which results in late payments

Explanation:

For computing the DSO we have to compute the accounts receivable turnover ratio which is shown below:

Accounts receivable turnover ratio = Credit sales ÷ average accounts receivable

= $325,000 ÷ $60,000

= 5.42 times

and the average collection period in days = Total number of days in a year ÷ accounts receivable turnover ratio

= 365 days ÷ 5.42 times

= 67.34 days

Actual credit period is given is 45 days

But the resulted days are 67.34 days

So, the difference is 22.34 days which results in late payments

5 0

2 years ago

Camden Corporations agreed to build a warehouse for a client at an agreed contract price of $ 900,000. Expected (and actual) cos

weqwewe [10]

Answer:

Key figures:

2016:

Revenue = $270,000

Expenses = $202,500

Income = $67,500

2017:

Revenue = $450,000

Expenses = $337,500

Income = $112,500

2018:

Revenue = $180,000

Expenses = $135,000

Income = $45,000

Explanation:

Under this method, percentage of work completed is determined using the following formula:

Percentage of work completed = (Total Expenses incurred on the project till the close of the accounting period) ÷ (Total Estimated Cost of the Contract)

Total estimated cost = $202,500 + $337,500 + $135,000 = $675,000

2016:

Percentage of work completed = ($202,500 ÷ $675,000)×100 = 30%

Expenses in 2016 = $202,500 (answer)

Revenue in 2016 = $900,000 × 30% = $270,000 (answer)

Income in 2016 = Revenue - Expenses

Income in 2016 = $270,000 - $202,500

Income in 2016 = $67,500 (answer)

2017:

Percentage of work completed = ($337,500 ÷ $675,000)×100 = 50%

Expenses in 2017 = $337,500 (answer)

Revenue in 2017 = $900,000 × 50% = $450,000 (answer)

Income in 2017 = Revenue - Expenses

Income in 2017 = $450,000 - $337,500

Income in 2017 = $112,500 (answer)

2018:

Percentage of work completed = ($135,000 ÷ $675,000)×100 = 20%

Expenses in 2018 = $135,000 (answer)

Revenue in 2018 = $900,000 × 20% = $180,000 (answer)

Income in 2018 = Revenue - Expenses

Income in 2018 = $180,000 - $135,000

Income in 2018 = $45,000 (answer)

4 0

2 years ago

To be competitive, ____________ recommended that American firms adopt a new management style that was a hybrid of the approaches

kakasveta [241]

Answer:

The correct answer is letter "C": William Ouchi, Theory Z.

Explanation:

American professor William Ouchi (born in 1943) proposed the "Theory Z", first described in his book "Theory Z: How American Management Can Meet the Japanese Challenge" which is an approach that explains how firms should develop a strong company philosophy and culture and consensus in decisions.

Theory Z aims to employee development, as well, by concerning about their well-being, making them generalists instead of specialists, promoting individual responsibility, and monitoring them informally but with formal measures.

6 0

2 years ago

A private not-for-profit entity is working to create a cure for a disease. The charity starts the year with one asset, cash of $

BARSIC [14]

Answer and Explanation:

Net assets:

Donor without restrictions $488400

Donor with restrictions. $320100

Liabilities:

Notes payable. $250000

Salaries payable. $5000

Deferred revenue $27500

Donated amount in separate entity $10000.

$1101000

Assets:

Cash $738000

Equipment $280000

Receivables $83000

$1101000

Notes:

1. Cash.

Beginning cash $700,000

contributions $210,000

less salaries $80,000

less equipment purchase $50,000

Membership dues $30,000

Add contribution $10,000

Add investment income $13,000

less advertisement pay $2,000

less pay for supplies $93,000

2.Pledges receivable:

$78,000 plus the $5,000 in interest for period

3. Equipment. acquired equipment at $300,000 during the year.

4. Accumulated Depreciation: depreciation amounted to $20,000 for the equipment purchased till date.

5. Deferred Revenue: deferred revenue amounts to 27500 in membership dues since they've only earned 1/12 of the $30000 in exchange transactions.

6. Notes Payable: amount accrued for equipment

7. Salaries Payable: salaries owed employees as at end of the year

9. Donated Amount in Separate Entity. The organization does not hold variance powers for the amount contributed by a donor and so it's a liability

4 0

2 years ago