Answer:
Unethical behavior
Unethical behavior refers to the actions of an individual that exist outside what is marked as morally proper or right for a profession, person and industry. The institute of management accountants has developed standards that must be maintained by the managers in order to face ethical challenges. These standards require managerial accountants to maintain their professional competence, preserve the confidentiality of the information they handle and to act with integrity and credibility.
Part 1)
In this case. Dale Miller is a new employee entrusted with the duties and responsibilities as a bookkeeper. Sue Peters is the supervisor. Dale has used office funds for his personal use thus violating the trust Sue and other managers had on him. An employee who has adopted such kind of behavior would fail to become trusted and valued employee of the company. Since. Sue hired Dale Miller and responsible for all the acts performed by Dale Miller. Therefore, it is ascertained that he should undertake termination of Dale Miller because he fails to comply with the policies pertaining to discipline in the organization.
Part 2)
In this case, when the supervisor Sue is a new employee and finds out a malpractice going on internally by an old employee. Thus under such condition Sue is required to discuss the issue with the immediate superior or supervisor. Unless Sue is able to get additional information pertaining to the issue, he would have warmed Dale Miller that such kind of behavior is not accepted in the future. Therefore, it is ascertained that Sue must have establish closer supervision and better control.
Answer: Check explanation
Explanation:
Based on the information given, the journal entry will be:
Debit Wages and Salaries $17273
Credit Employee Income Tax Payable $2268
Credit Social security tax payable $827
Credit Medicare tax payable $194
Credit Pension plan deduction payable $711
Credit Health Insurance premium payable $807
Credit Cash $12466
Note:
Wages and salaries expense is the addition of Regular Earnings and the Overtime Earnings which is:
= 16,370 + 903
= 17,273
Answer:
Arithmetic average rate of return = 9.30 %
geometric average annual rate of return = 8.58%
correct option is A 9.30 % and 8.58%
Explanation:
given data
beginning share price = $50
time = 3 year
end year 1 prices = $62
end year 2 prices = $58
end year 3 prices = $64
to find out
arithmetic average annual rate of return and the geometric average annual rate of return
solution
we get here return for each period that is express as
Period 1 = ...........1
Period 1 =
Period 1 = 24%
and
Period 2 =
Period 2 = Period 1 =
Period 2 = -6.45%
and
Period 3 =
Period 3 =
Period 3 = 10.34%
so
here Arithmetic average rate of return will be
Arithmetic average rate of return = (24% + -6.45% + 10.34%) ÷ 3
Arithmetic average rate of return = 9.30%
and
geometric average annual rate of return will be here as
geometric average annual rate of return = - 1 ................2
geometric average annual rate of return = - 1
geometric average annual rate of return = 8.58%
Answer: $81000
Explanation:
The capital account, in international macroeconomics, is a component of the balance of payments which records all transactions made between entities/parties in one country with entities in the rest of the world. These transactions consist of imports and exports of various goods, services, capital, and as transfer payments such as foreign aid and remittances. The balance of payments is composed of a capital account and a current account. Although, a narrower definition breaks down the capital account into a financial account and a capital account.
The capital account in accounting shows the net worth of a business at a certain point in time. It is also known as owner's equity for a sole proprietorship or shareholders' equity for a corporation, and it is reported in the bottom section of the balance sheet.
The capital account balance would be equal to the sum of cash deposit and net income minus drawings made.
Capital account balance= Cash deposit + Net income - Drawings made.
Capital balance= 75000+18000-12000
=93000-12000
=$81000
Therefore,the capital account is $81000.
The balance of an account is determined by the difference between the total amount of debt and the total amount of credit.