what is one tactic that management professionals, including management accountants, can use to help offset the fraud triangle risk of opportunity for fraudulent entries occurring?

Answers

Answer 1

One tactic that management professionals, including management accountants, can use to help offset the fraud triangle risk of opportunity for fraudulent entries occurring is to implement a mandatory vacation policy. The correct option is one tactic that can be used is the implementation of a mandatory vacation policy, which allows other employees to check and verify the work of others.

This policy ensures that employees take a break from their work and allows other employees to check and verify their work during their absence. By doing so, it becomes difficult for an employee to hide any fraudulent activities as their work is being checked by someone else.

This policy can also deter employees from committing fraud as they know that their work will be reviewed by others. In addition, the policy can be accompanied by mandatory cross-training for employees to learn each other's roles and responsibilities. This enables employees to have a better understanding of the organization's operations, and they become more aware of what is happening in other departments.

Overall, a mandatory vacation policy can help reduce the risk of unethical opportunities within the organization, making it a useful tool for management professionals and management accountants to use in combating fraud. The correct option is one tactic that can be used is the implementation of a mandatory vacation policy, which allows other employees to check and verify the work of others.

The complete question is:

What is one tactic that management professionals, including management accountants, can use to help offset the fraud triangle risk of opportunity for fraudulent entries occurring?

Installing an ethics hotline and online portal will directly help reduce the risk of unethical opportunities within the organization.

Mandating a corporate code of ethics be put into place at the organization, and that employees be mandated to agree to this policy, will lower the opportunity for fraud.

One tactic that can be used is the implementation of a mandatory vacation policy, which allows other employees to check and verify the work of others.

Installing a mandatory ethics training program, for both frontline and back office employees, is one tactic to be used to reduce opportunities for fraud.

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Related Questions

Ira Company, a retailer, had cost of goods sold of $160,000 last year. The beginning inventory balance was $26,000 and the ending inventory balance was $24,000. The company's average sale period was closest to: Select one: a. 114.06 days b. 54.75 days c. 59.31 days d. 57.03 days

Answers

Answer:

The company's average sale period was closest to: b. 54.75 days

Explanation:

The average sale period measures the length of time that it takes to sell the inventory.

Average sale period = Inventory ÷ (Cost of Goods Sold / 365)

                                  = $24,000 ÷ ($160,000/365)

                                  = 54.75 days

Under this kind of program, cities demolished poor neighborhoods in city centers that occupied potentially valuable real estate; in its place were constructed retail centers and all-white middle-income housing complexes. a.white flight b.neighborhood stabilization program c.urban renewal d.suburbs

Answers

The description explained depicts urban renewal.

Urban renewal were the policies that were out in place to enable housing authorities and local governments to demolish the neighborhoods that were considered to be blighted and poor and then replace such neighborhoods with real estate that were more valuable and were usually reserved for the white people.

Houses that were seen to be slums were destroyed and newer and fascinating neighborhood were constructed.

In conclusion, the correct option is C "urban renewal".

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Which of the following is an example of a soft skill?
A. Ability to use CSS spreadsheets
B. Ability to manage spreadsheets
C. Ability to work well with a project team
D. Ability to manipulate images using computer software

Answers

Answer:

Ability to work well with a project team

Explanation:

Five selected transactions for the current month are indicated by letters in the following T accounts in a job order cost accounting system.
Materials Work in Process
| (a) (a) | (d)
(b)
(c)
Wages Payable Finished Goods
| (b) (d) | (e)
Factory Overhead Cost of Goods Sold
(a) | (c) (e) |
(b)
Describe each of the five transcations

Answers

Based on the provided T-accounts, here is a description of each of the five transactions :Materials, Work in Process, Wages Payable, Finished Goods and Cost of Goods Sold

(a) - Materials: This transaction represents the purchase of materials for production. It could involve the acquisition of raw materials, components, or any other materials needed for manufacturing goods.

(b) - Work in Process: This transaction involves the transfer of materials from the Materials account to the Work in Process account. It signifies the usage of materials in the production process, where the raw materials are being transformed into partially completed goods.

(c) - Wages Payable: This transaction relates to the accrual of wages or salaries for the labor employed in the production process. The Wages Payable account is increased to record the amount owed to the workers for their services.

(d) - Finished Goods: This transaction signifies the completion of the manufacturing process for some of the products. The partially completed goods from the Work in Process account are transferred to the Finished Goods account, indicating that the products are ready for sale.

(e) - Cost of Goods Sold: This transaction represents the transfer of finished goods from the Finished Goods account to the Cost of Goods Sold account. It occurs when the completed goods are sold to customers, and their production costs are recognized as expenses.

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Select the correct answer from each drop-down menu. Kevin is a store manager and has employees from diverse cultures reporting to him. He has often seen Marcos having arguments with his colleagues, Kwa Lee and Gaurav. What can Kevin do to ensure that there is team spirit and effective communication amongst all? Kevin can first be aware of his own attitude to diversity . He can also assess Marcos and him to change his behavior toward his other colleagues. He can also think of putting them together into similar departments to encourage .

Answers

Kevin leads in an autocratic manner since he just cares about his work. He seldom ever notices his subordinates. He doesn't even compensate the workers for their efforts.

Autocratic or authoritarian behavior as a leadership style.

An authoritarian leader consolidates his own personal control over both decision-making and authority. Without speaking to the workforce, he gives directions and assigns endeavors and liabilities. The pioneer assumes all authority and responsibility.

Negative leadership that relies on threats and punishment is autocratic.

Subordinates go about as he coordinates. He neither really focuses on their perspectives nor licenses them to impact the choice. He accepts that due to his position he alone can conclude what is best in a given circumstance.

Close oversight, unambiguous guidance, and directing requests from the majority are the foundations of autocratic leadership. It functions with quick decisions, brief activity, and heading unity. A lower level of appointment is required. Nevertheless, an excess of purpose of power could result in strikes and current debates. It makes sense to instill dissatisfaction and impede the growth of the employee limit.

Kevin leads in an autocratic manner since he just cares about his work. He seldom ever notices his subordinates. He doesn't even compensate the workers for their efforts. Individual control over all choices and little participation from the group are traits of his behavior. He frequently disregards advice and makes decisions based solely on his opinions and judgments.

These sorts of choice include the utilization of power gave on the singular taking the choice by the association's design. Hierarchical decisions are those decisions taken simply in light of a legitimate concern for the association. Directors are given the authority by the firm to settle on decisions in light of a legitimate concern for the association. Notwithstanding, this authority doesn't concede them the ability to pursue individual decisions. It should likewise be perceived that while hierarchical decisions can be assigned, individual decisions can't be appointed.

To explain further the concession among individual and hierarchical choice, let us think about the accompanying model. James Harrison was terminated by the supervisor since he didn't submit to the principles of the organization. This would be an authoritative choice. In any case, assuming James Harrison was terminated essentially on the grounds that the director loathed him for not a great explanation connected with the organization then that would be an individual choice. An authoritative choice is customized yet an individual choice is non-modified.

Functional:

Typically, judgments related to everyday activities are made functionally. These kinds of tailored choices are, by definition, meant to help the organization achieve short-term objectives. Chiefs at lower and middle levels typically make these decisions. Functional decisions must be made within the framework of the organization's established practices. As a result, those that must accept functional option are allowed to exercise their very own constrained utilization caution and drive.

Simple functional decisions, such regularly procuring writing materials and other natural resources, are designed to have an impact on a certain area or division of the company. As we can see, making such a decision will only affect the buying department.

Strategic Decisions:

It is implied that decisions involving important but one-time issues qualify as critical decisions. These decisions are made using a variety of administrative skills, wisdom, and experience. Not at all like functional choices, important decisions worry the firm's drawn-out points. When making a crucial decision, the person or group making it must carefully consider how the company association and its current situation are related. Important judgments are less secure in nature since the climate is constantly changing. Another reverence among important and practical choices is that crucial judgments are made by senior management.

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Answer: The Answer is diversity, Counsel, and Interactions.

Explanation:

This is correct, I just took the test. :)

a company decided to price its product with the penetration strategy. what advantage does the company potentially create by selecting this type of pricing strategy?

Answers

With penetration strategy, the advantage the company potentially create is  Due to the goodwill developed among inventors and early adopters, it can build demand through word-of-mouth advertising.

What is meant by Penetration strategy?

The idea of a penetration strategy is to work aggressively to significantly increase one's share of total sales in a market. A business may often make things or purchase goods at a reduced cost as a result of the increasing sales volume, which allows it to raise its profit margin.

The promotions for introductory low prices for select fresh items that you frequently notice when you enter a supermarket are the ideal instances of penetration pricing. In order to boost demand for the organic goods they sell, Costco and Kroger use penetration pricing.

A market penetration strategy is essentially a method of introducing a new product into an established market (where existing or similar products already exist) (from your company or organization).

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it costs a publishing company 25,000 dollars to make e-books for the year. to help the publishing company sell the books, a marketing company charges 2 dollars for each book sold. if the company charges 10 dollars per book, what is the contribution dollars if they sell 20,000 books.

Answers

The publishing company sells 20,000 books at $10 per book and pays a marketing company $2 per book sold, they will make a contribution of $160,000. This is the amount of money that the publishing company will have left over to cover their fixed costs (such as salaries, rent, utilities, etc.) and to make a profit.

The publishing company is spending $25,000 to create e-books for the year. In order to sell these e-books, they have hired a marketing company to help them. The marketing company is charging $2 for each e-book sold. If the publishing company charges $10 per e-book, they will make a profit of $8 per book sold.Contribution dollars are calculated by subtracting the total variable costs from the total revenue. In this case, the total variable cost is the cost of marketing the books, which is $2 per book sold.

Therefore, the total variable cost for 20,000 books would be $40,000 (2 x 20,000).The total revenue generated by selling 20,000 books at $10 per book would be $200,000 (10 x 20,000). To calculate the contribution dollars, we need to subtract the total variable cost from the total revenue. Therefore, the contribution dollars would be $160,000 ($200,000 - $40,000).

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In a period of steep increases in interest rates, which issuer is most likely to be negatively affected

Answers

Answer:

the answer to yout question is utility companys

Explanation:

Which of the following is a disadvantage of being a private limited company?
a. It has a separate legal Identity and therefore has continuity
b. Control is kept over who buys shares in the company
c. Shareholders' personal possessions cannot be taken to pay any debts
d. A summary of the business's accounts can be viewed by the public

Answers

The most likely answer here is B

The bonds of Microsoft, Inc. carry a 12% coupon, have a $1,000 face value, and mature in 5 years. Bonds of equivalent risk yield 9%. Assuming coupons are paid semi-annually, what is the market value of Microsoft's bonds? A. $1.160 25 B. $1,118,69 C$1,011,20 D. $1,095.66 E $1,087 25

Answers

The price at which a bond may now be purchased or sold on the open market is referred to as the market value of bonds. It depicts the future cash flows of the bond, such as interest payments over time and the full principal repayment at maturity, at their current value. The correct answer is option b.

The market value of Microsoft's bonds can be calculated using the present value formula for a bond:

PV = (C / (1 + r/n)^nt) + (F / (1 + r/n)^nt)

where PV is the present value of the bond, C is the semi-annual coupon payment, r is the annual yield, n is the number of compounding periods per year, t is the number of years to maturity, and F is the face value of the bond.

In this case, the semi-annual coupon payment is $60 (12% of $1,000 divided by 2), the annual yield is 9%, the number of compounding periods per year is 2, the number of years to maturity is 5, and the face value is $1,000.

Plugging in these values, we get:

PV = (60 / (1 + 0.09/2)^(2*5)) + (1000 / (1 + 0.09/2)^(2*5))
PV = (60 / 1.5708) + (1000 / 1.5708)
PV = 38.1895 + 636.5868
PV = 674.7763

Therefore, the market value of Microsoft's bonds is $674.7763, which is closest to answer choice B: $1,118.69.

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Does decreasing the value of the local currency contributes in the increase of the economic growth rate

Answers

Answer:

Yes

Explanation:

Devaluation is the purposeful reduction of the value of a nation's currency in relation to another currency or group of currencies. When the currency is devalued, it can lead to an increase in the export of the nation's produce because the price of the exported goods is cheaper and foreign countries are  most likely to purchase cheap goods.

The economic growth rate of a nation is  the change in percent of goods and services produced in a country over a period of time. It gives an idea of the income of the average citizen in the country. When the value of the local currency is devalued, exports will increase and that will also cause an increase in the income of citizens. This translates to a resultant increase in the economic growth rate of the nation.

Which of the following is not a way to finance your new business.

A. loans from family/friends

B.your own money

C.loan from a bank

D.sweat equity

Answers

Answer:

sweat equity

Explanation:

Hope this helps! Can I have the crown thingy

How do you view the future of social media—and social media marketing? Write a description citing three or four trends or developments you think may evolve over the next decade.

Answers

Answer with Explanation:

Social media is shaping the future of companies and is helping in branding, effective marketing, increases sales from across the world, social connectivity with different multinational brands to know what foreign customer desires and many more. The last decade was the year of change because of social media improvements and shift to 4G.

Many firms are able to acquire best talent that matches their job description, etc. The companies who acquire another social media has increased the innovation adoption by all of these. The acquisition of Whats-app and Insta-gram by Face-book has developed a much more better experience for the social media users. This has also helped the company like Face-book to add value to their subsidiaries by extending their services offerings. People watch their desired videos on You-tube, Net-flix and Daily-motion. Due to their greater presence on social media, the budget of companies to advertise their product on television has significantly reduced and now they are investing their money in social media to promote their product offerings. The best part of social media is that it lets you to target your customer segment which has more tendency to bring sales than the traditional advertisement methods. Hence the advertisement of services on social media will generate more value for money as apposed to traditional TV advertisement.

Following are the some developments that will evolve in the next decade:

Products rating on the basis how much the products are environment friendly.Making best deal for innovated products on international forum will become much more easier than before.The world will become so fast due to internet of things that companies that are highly valued like Amazon will increase its presence in almost every country. This will shape the supply chain management, marketing, sales and distribution, etc.Promotional discounts on social media will be more effective than before.Increasing website traffic by interlinking websites.The companies are actively looking for creative employee (Google & LinkedIn) who will add value to their product offerings and ensure better customer experience.Developing new emerging markets on social media the example includes bitcoin that helps in tracking our donations, payments, etc.

In the organizational structure, it is responsible for managing of income and expenses of a company.

Answers

Financial Controller  is responsible for managing of income and expenses of a company.

Who is Financial Controller?

Vital controllers additionally influence direction, anticipating, and planning at the organization level, in view of bookkeeping information.

The FC is a senior forerunner in the money group. Consequently, it's generally expected that employment forms show huge involvement with bookkeeping and assessment issues, in addition to the capacity to direct others and take responsibility for organization's books.

This requires more than just a gift for numbers. Controllers should be coordinated self-administrators, with the abilities to urge the more extensive organization to follow strategies and techniques.

Therefore it is the Financial controller who basically helps in managing the overall income.

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During the Industrial Revolution in the 18th and 19th century, managers who could make minor improvements in management tactics were noteworthy. Why

Answers

The Industrial Revolution is well known in history. During the Industrial Revolution in the 18th and 19th century, managers who could make minor improvements in management tactics were noteworthy because;

They produced goods and services due to high increases in production quantity and quality.

What is the role of management in the Industrial Revolution?

The Industrial Revolution is known to result in the advent of better and faster technology that helps firms to carry out task more efficiently.

It also help management to greatly increase their output.so as to meet demand of the people and increased production.

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Name FIVE reasons why businesses do market research on their client base.​

Answers

Answer:

Identify new customers.

Get to know your existing customers.

Set realistic targets for your business.

Develop new and effective strategies.

Solve your biggest business challenges.

the development of team roles arises from the ______ of the team, the organization, and the team members themselves.

Answers

Answer:Expectations

Explanation:

Lazer industries, inc. manufactures medical equipment parts and accessories. assume all amounts are pre-tax and a 21% tax rate for 20x1.

net sales $1,200,000
interest expense $150,000
gain on sale of discontinued operations $400,000
cost of goods sold $300,000
selling, general and administrative expenses $170,000
gain on sale of investments $30,000
restructuring charges $20,000

required:
prepare a multiple-step income statement for lazer industries, inc. based on the available information for the year ended december 31, 20x1.

Answers

The multi-step Income Statement for Lazer Industries, Inc. for the year ended December 31, 20x1 is as follows:

Lazer Industries, Inc.

Multi-step Income Statment

For the year ended December 31, 20x1

Net sales                                          $1,200,000

Cost of goods sold                            $300,000

Gross profit                                       $900,000

Expenses:

Selling, general and  administrative $170,000

Operational income                        $730,000

Interest expense                               $150,000

Ordinary Income before tax          $580,000

Gain on sale of

discontinued operations                $400,000

Gain on sale of investments             $30,000

restructuring charges                      ($20,000)

Taxable income                             $990,000

Tax on ordinary income                 $207,900

Net income                                     $782,100

What is a multiple-step income statement?

A multiple-step income statement is an income statement that categorizes incomes and expenses into operating and non-operating heads so that the net income can be computed after taking into account operating, ordinary, and extraordinary revenues and expenses.

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When making decisions, managers often must decide between doing what is beneficial for the firm in the short term, and what is beneficial for both the firm and society in the long term. To address this conflict, a firm must

Answers

When making decisions, managers are often faced with a conflict between what is beneficial for the firm in the short-term and what is beneficial for both the firm and society in the long-term.

This conflict arises because the actions that benefit the firm in the short-term may not necessarily align with the interests of society as a whole, which can lead to negative consequences for both the company and society in the long-term.

To address this conflict, a firm must adopt a long-term orientation and consider the broader social and environmental impacts of its decisions. This means looking beyond immediate financial gains and recognizing that actions taken today can have far-reaching implications for the company's reputation, customer loyalty, employee morale, and overall sustainability.

Firms that prioritize social responsibility and sustainable business practices are more likely to build strong relationships with stakeholders, including customers, employees, investors, and regulators. They are also better equipped to weather economic downturns and other disruptions, as they have diversified their risk and invested in building resilient supply chains and communities.

Ultimately, the key to addressing the conflict between short-term gains and long-term benefits is a commitment to corporate social responsibility (CSR) and sustainable business practices. By prioritizing the needs of society and the environment alongside those of shareholders, firms can create value for all stakeholders over the long-term, ensuring their continued success and impact.

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Please help me with this credit card assignment! (Personal Finance)

Credit Card #1
Truth in Lending Disclosure Statement
Annual Percentage Rate (APR)
1 percent for the first six months after you open the account.
After six months, APR will be 24 percent.

Grace Period
a minimum of twenty-five days to repay without finance charges if the previous balance is paid in full by the due date

Annual Fee
$0

Other Fees
cash advance fee: the greater of $5 or 3 percent of the amount of the cash advance; late payment fee: $30; over-the-limit fee: $30

Credit Card #2
Truth in Lending Disclosure Statement

Annual Percentage Rate (APR)
19.9 percent

Grace Period
a minimum of twenty-five days to repay without a finance charge if previous balance is paid in full by the due date

Annual Fee
$20

Other Fees
cash advance fee: the greater of $3 or 3 percent of the amount of cash advance; late payment fee: $30; over-the-limit fee: $20; returned check fee: $20

Credit Card #3
Truth in Lending Disclosure Statement

Annual Percentage Rate (APR)
19.9 percent

Grace Period
a minimum of twenty-five days to repay without finance charges if the previous balance is paid in full by the due date

Annual Fee
annual membership fee: $50
annual participation fee: $60 ($5 charged monthly)

Other Fees
cash advance fee: $20; balance transfer fee: $25; late payment fee: $20. over-the-limit fee: $20


(Part One)
Read each of the above Truth in Lending Disclosure Statements and answer the questions that follow.

What happens to the interest rate after six months for credit card #1?
Which credit cards have an annual fee?
Is the grace period the same for each of these credit cards?
What fees does credit card #3 have that the other cards do not?
As a good steward, you will pay your credit card bill on time and you will pay the balance each month. Which credit card is the best for you?
1. What happens to the interest rate after six months for credit card #1? 2. Which credit cards have an annual fee? 3. Is the grace period the same for each of these credit cards? 4. What fees does credit card #3 have that the other cards do not? 5. As a good steward, you will pay your credit card bill on time and you will pay the balance each month. Which credit card is the best for you?

(Part Two)
Go online or visit a financial institution to find information about three credit cards. Some credit cards offer incentives, such as miles toward a free flight or 1 percent back on every dollar you spend. Research information about annual fees, APR, and incentives that credit cards offer. Write two paragraphs of 250 words total, one paragraph about the three credit cards you researched and one paragraph stating which credit card would be best for you and why.

Answers

1.) The APR will be 24%

2.) credit cards 2 and 3 will have annual fees.

What is APR?

APR stands for Annual Percentage Rate. It is a standardized way of measuring the cost of borrowing money over the course of a year, expressed as a percentage.

Failing to comprehend the intricacies of the grace period when using a credit card can lead to a financial blunder. The grace period can offer relief from interest charges and save an average cardholder a few hundred dollars annually.

However, such savings are not automatic, and as per a Consumer Financial Protection Bureau report from October 2013, it's uncertain whether consumers are familiar with the grace period's shrewd ways.

The grace period is essentially an interest-free duration that is only applicable if you clear your balance by the due date, says Nessa Feddis, the general counsel at the American Bankers Association. Knowing how to utilize the grace period is crucial. It's the interval from the end of your billing cycle to the due date for that cycle.

Paying off your latest balance entirely by the due date can activate a reprieve on interest on recent purchases during the current billing cycle, provided you keep clearing your balance fully.

3.) The grace period is the same for all three cards. Credit card 3 has a membership

4.) Credit card 1

5.) Credit card 1

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A job interview is a conversation between a job applicant and one or more people in a company or organization
to discuss the applicant's qualifications for a specific job. True or false

Answers

Answer:

True

Explanation:

company or organization ready to accept jop applications from jop applicant

Customers are _________________ to expect low prices when they come in.

Answers

Customers are more likely to except low prices.

Why do customers prefer Low Prices?

A service or product can enter the market more easily and draw customers away from rivals by offering a lower price. Pricing for market penetration focuses on the tactic of utilizing initially cheap prices to make a large customer base aware of the a new product.

The majority of customers favor shops that consistently appear to offer lower pricing than the competitors. Examples are Walmart and Costco for consistently low costs.

Lower Prices saves Consumer's time

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When confronted with an ethical issue, a manager who weighs the costs and benefits of the consequences of all possible alternatives, and then chooses the one that benefits the most people, believes in

Answers

The approach described, where a manager weighs the costs and benefits of the consequences of various alternatives and then chooses the option that benefits the most people, aligns with the utilitarian ethics.

Utilitarian ethics is a normative ethical theory that focuses on maximizing overall happiness or well-being by considering the consequences of actions. It suggests that an ethical decision should be based on the greatest overall utility or the greatest amount of good for the greatest number of people.

In the context of the given scenario, the manager's consideration of the costs and benefits of different alternatives reflects the utilitarian principle of evaluating the outcomes or consequences of actions. By selecting the option that benefits the most people, the manager prioritizes maximizing the overall welfare or happiness of the affected individuals.

Utilitarianism emphasizes the idea of impartiality, where each person's happiness or well-being is of equal importance. It involves a calculation of the net positive or negative impact an action will have on the collective welfare, aiming to create the greatest amount of overall happiness or utility.

It's important to note that utilitarian ethics does not solely focus on the number of people affected but also considers the quality or intensity of the happiness or well-being generated. The principle of utility seeks to maximize the overall net benefit or utility, taking into account the potential harms and benefits associated with each alternative.

In summary, the manager's approach of weighing the costs and benefits and selecting the alternative that benefits the most people aligns with utilitarian ethics, which aims to maximize overall happiness or well-being by considering the consequences of actions and prioritizing the greatest good for the greatest number of individuals.

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In her new job, alison determined to make her _____________from the start

Answers

In her new job, alison determined to make her mark from the start. Hence, the correct answer is mark. Read below about making one's mark.

What does it mean to make mark?

If one makes his/her mark or make a mark, one becomes noticed or famous by doing something impressive or unusual.

Therefore, the correct answer is mark.

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All of the following are examples of secondary types of data except:
A. U.S. Census data
B. Consumer Reports
C. test market
D. Rotten Tomatoes (movie reviews)

Answers

C. Test market might be the answer

Bramble Corp. , a public camping ground near the Four Corners National Recreation Area, has compiled the following financial information as of December 31, 2020. Revenues during 2020—camping fees $176,400 Notes payable $75,600 Revenues during 2020—general store 59,220 Expenses during 2020 189,000 Accounts payable 13,860 Supplies on hand 3,150 Cash on hand 25,200 Common stock 25,200 Original cost of equipment 132,930 Retained earnings ? Fair value of equipment 176,400

Answers

The Net income of the given accounting data is  = $ 46,620

What is Fair value?

When both the buyer and seller freely agree on a price, fair value is the estimated price at which an asset is bought or sold.

An individual or business may look at actual market transactions for similar assets, estimate the asset's expected earnings, and determine the cost to replace the asset to determine the fair value of a product or financial investment.



Net Income = Revenue - Expense = ($176,400 + $ 59,220) - $189,000

Net Income = $46,620

When both the buyer and seller freely agree on a price, fair value is the estimated price at which an asset is bought or sold.

Individuals and businesses can determine the fair value of an asset by comparing its current market value, growth potential, and replacement cost. Fair value is a measure of an asset's worth, whereas market value is a measure of its worth.

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Bramble Corp. , a public camping ground near the Four Corners National Recreation Area, has compiled

What are two questions that a purchasing specialist should ask when evaluating supplier performance?.

Answers

The two questions that a purchasing specialist should ask when evaluating supplier performance are:

does the supplier supply quality productsdoes the supplier's supply arrives as agreed etc.

What is the meaning of supplier performance?

A supplier performance, which can be called a supplier quality, means the supplier's ability to deliver goods or services that will satisfy the customers' needs.

Most time, the purchasing specialist will need to evaluate the supplier performance in order to determine whether he/she should use the supplier again.

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if a borrower pays less than the required monthly amount on a mortgage loan, the borrower will be in default and the loan will have negative amortization if the amount actually paid that month is:

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The loan amount actually increases if the borrower pays less than required .

What is negative amortization ?

In the world of finance, negative amortization happens if the monthly loan payment is less than the interest accrued during that time.

Defaulting on a loan's interest payments results in a rise in the principal sum, which is referred to in finance as "negative amortization." A loan with a negative amortization schedule adds unpaid interest to the outstanding principal sum.

Many mortgage packages fall victim to negative amortizations.

Negative amortization might provide borrowers more choice, but it can also expose them to additional interest rate risk.

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Explain why you might not want to have passive income as your only source of income.

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Answer:

Passive income is dependent on the actions of others, and you have little influence over the amount of money you earn. Without doing anything different, the money you receive from it might be extremely excellent or very awful. If, for example, you are a novelist and your book is panned, you may not be able to make a living from it. If people like it, on the other hand, you may make a lot of money.

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Answer:

Passive income relies on what others do and you dont really have control over the amount of money you make

public accountant providing consulting services to alphabet (primary source of professional services guidance?)

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It is true that public accountant providing consulting services to the alphabet.

Who is an accountant?

A practitioner of accounting or accountancy is known as accountant. Chartered Accountant, Chartered Certified Accountant, Certified Public Accountant, and Registered Public Accountant are just few of the titles that qualified accountants can use after passing certification tests offered by their professional bodies. By statute, these individuals have particular rights and obligations, including the authority to certify the financial accounts of an organization and the potential for legal repercussions for improper activity. Non-qualified accountants are not restricted by statute from working independently or under the employment of qualified accountants. In popular culture, the stereotype of the practitioner is that of a humorless, self-absorbed bean counter. It has been proposed that stereotypes have an impact on people who are drawn to professions, with many new entrants undervaluing the value of communication skills and overvaluing the value of numeracy in roles.

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