Matthew manages the sales team at an information technology (IT) firm. His focus is to conduct business in accordance with his firm's mission and vision, while making as much money as possible for the firm and conforming to the basic rules of the society. He ensures that his actions embody ethical custom. In this scenario, Matthew's view of corporate social responsibility is most likely rooted in the <u>Utilitarian </u>tradition.
Explanation:
Utilitarianism is a ethical theory which talks about the right and the wrong actions of an individual.This theory advocates that the action that brings happiness to the society and also increases the utility in the society as a whole is called a morally correct action.
This theory was proposed by Jeremy Bentham and John Stuart Mill.
In simple words an action is termed as right if it promotes happiness in the society and is termed bad it it brings unhappiness in the society
So we can say that Matthew's view of corporate social responsibility is most likely rooted in the <u>Utilitarian </u>tradition.
Answer:
115,000 chairs
Explanation:
Calculation to determine How many of the chairs that were started were also completed during February
Using this formula
Chairs started and Completed=Beginning chairs production-Ending chairs production
Let plug in the formula
Chairs started and Completed=140,000 chairs- 25,000 chairs
Chairs started and Completed= 115,000 chairs
Therefore The numbers of chairs that were started and were also completed during February will be 115,000 chairs
1. Several accounts were incorrectly aged in the
<span>client's aging schedule. </span>
<span>Procedures: Compare age% to prior year AR -Analytical procedures. </span>
<span>Assertion: cutoff, Valuation and allocation. </span>
<span>2. The accounts receivable turnover ratio was far below </span>
<span>expected results. </span>
<span>Procedure: AR analytical test: AR/AP, AR turnover,etc.-Analytical procedures. </span>
<span>Assertion:Completeness, cutoff. </span>
<span>3. Goods billed were not shipped. </span>
<span>Procedure: Cutoff test of billing-test the last month invoices. Vouching to the shipping doc.-Inspection of records. </span>
<span>Assertion: Occurrence, cutoff. </span>
<span>4. Some year-end sales were recorded in the wrong </span>
<span>accounting period. </span>
<span>Procedure: cut off test of billing-test invoices billed subsequent to year end.-Inspection of records </span>
<span>assertion:Completeness, cutoff </span>
<span>5. Several sales were posted for the correct amount but to </span>
<span>the wrong customers in the accounts receivable ledger. </span>
<span>Procedure: Confirmation of billings-Confirmation </span>
<span>Assertion: Occurrence. </span>
<span>6. The allowance for uncollectable accounts was </span>
<span>understated. </span>
<span>Procedures: Test the ratio of allowance to old AR and compare to PY. </span>
<span>-Analytical procedures. </span>
<span>Assertion:Valuation and allocation </span>
<span>7. Several sales were entered and posted at incorrect </span>
<span>amounts. </span>
<span>Procedures: Confirmation of AR. -Confirmation </span>
<span>Assertion: Accuracy and valuation </span>
<span>8. Mathematical errors were made in totaling the accounts </span>
<span>receivable ledger. </span>
<span>Procedures: Foot AR aging.-Recalculation </span>
<span>Assertion: Accuracy and valuation </span>
<span>9. An unrecorded sale at the </span>balance sheet<span> date was </span>
<span>collected in the next month. </span>
<span>Procedure: Post subsequent cash to AR balance at YE. Reperformance. records. </span>
<span>Assertion: Completeness, cutoff. </span>
<span>10. Several fictitious sales were recorded. </span>
<span>Procedure: Confirm customer balance.-Confirmation. </span>
<span>assertion: Occrrence. </span>
<span>11. The pledging of some customer accounts as security for </span>
<span>a loan was not reported in the balance sheet. </span>
<span>Procedure: Review security agreements.-Inspection of record. </span>
<span>Assertion: Occurrence and rights and obligations. </span>
<span>12. Some year-end cash receipts were recorded in the wrong </span>
<span>accounting period. </span>
<span>Procedure: cash cutoff testing.-Inspectionof record. </span>
<span>Assertion: cutoff, occurrence, completeness. </span>
<span />
Answer:
ROI for the year will be equal to 10 %
Explanation:
We have given to total sales = $1500000
Controllable margin = $220000
Total average assets = $2200000
And fixed cost = $60000
We have to find the ROI of the year
ROI is given by
= 10 %
So ROI will be equal to 10 %
Answer:
$80.364.45
Explanation:
The lump sum that would make the employee indifferent can be determined by calculating the present value of the annuity
Present value is the sum of discounted cash flows
Present value can be calculated using a financial calculator
Cash flow in year 0 = $10,000
Cash flow in year 1 = $40,000
Cash flow in year 2 = $40,000
I = 9%
PV = $80,364.45
To find the PV using a financial calculator:
1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.
2. after inputting all the cash flows, press the NPV button, input the value for I, press enter and the arrow facing a downward direction.
3. Press compute
