TRUE/FALSE.if a company invests and increases the amount of inventory on hand, it is adding assets. As a result this means they have improved RONA(return on net assets)

Answers

Answer 1

The statement "if a company invests and increases the amount of inventory on hand, it is adding assets" is TRUE. Inventory is considered as an asset on a company's balance sheet. When a company invests in more inventory, it is increasing the value of its assets and improving its liquidity.

However, the second part of the statement "As a result this means they have improved RONA(return on net assets)" is NOT NECESSARILY TRUE. RONA is calculated by dividing a company's net income by its total assets. While increasing inventory may increase a company's assets, it may not necessarily lead to an improvement in RONA. In fact, increasing inventory levels may have a negative impact on RONA if the inventory is not sold quickly enough and begins to lose value. This can lead to lower profits and a lower return on assets. On the other hand, if the inventory is sold quickly and efficiently, it can lead to higher profits and a higher return on assets, thereby improving RONA. Therefore, while increasing inventory can add assets to a company's balance sheet, it is not a guarantee that it will improve RONA. Other factors such as sales efficiency, cost management, and market conditions must also be taken into consideration.

To know more about company visit:

brainly.com/question/30532251

#SPJ11


Related Questions

Some online marketplaces offer no protections to consumers. Why is it important to report fraud that occurs through these websites, even if there is little chance that you will get your money back?

because most online marketplaces have a money-back guarantee
because your bank will get your money back if you have wired it to a fraudulent seller’s bank account
because sellers who commit fraud are generally happy to offer relief once their fraud is pointed out
because flagging the account and reporting the fraud could prevent others from becoming victims

Answers

It is important to report fraud that happens through these websites, even if there is less chance that you will get your money back because flagging the account and reporting the fraud could prevent others from becoming victims. Thus, option (D) is correct.

By reporting the fraud, the account can be flagged, and the marketplace can take steps to prevent the fraudulent seller from victimizing others. This can help protect other consumers from losing their money and falling prey to the same scam.

It is important to report fraud to the appropriate authorities even if there is little chance of recovering the lost funds.

Therefore, option (D) is correct.

Learn more about money here:

https://brainly.com/question/14253896

#SPJ1

Answer:

because flagging the account and reporting the fraud could prevent others from becoming victims

Explanation:

its D

for vacations, restaurant meals, and smartphones, purchases tend to fall as buyers' incomes fall and rise as buyers' incomes rise. such goods are known as: group of answer choices inferior. direct. normal. indirect.

Answers

These goods are known as normal goods. It is because the types of goods is increase in demand due to an increase in a consumer's income.

In economic and business, A normal good generally can be defined as a good that experiences an increase in demand due to an increase in a consumer's income. There are positive correlation between income and demand and also Normal goods. There are several  Examples of normal goods such as food, clothing, and household appliances. In the other side,  inferior goods generally can be defined as a good that inverse relationship with consumer income, meaning that their demand decreases when they earn a higher income.

Here you can learn more about normal goods in the link https://brainly.com/question/24100151

#SPJ4

break-bulk is the term used to describe when a warehouse receives a single large shipment and then separates that shipment into individual deliveries going to multiple destinations. break-bulk is the term used to describe when a warehouse receives a single large shipment and then separates that shipment into individual deliveries going to multiple destinations. true false

Answers

The given statement is true.

The earlier expression "breaking bulk," which refers to the removal of some of the cargo from a ship or the start of the unloading process from the ship's holds, is where the term "breaking bulk" originates. Break bulk, as used nowadays, refers to goods of excessive length or size as well as cargo that is conveyed in bags, boxes, crates, drums, or barrels.

In simpler terms, break-bulk means to separate the cargos into individual deliveries and then delivers them to different destinations. In the given question, the same is being said about break-bulk, hence, the given statement holds true.

The main difficulty with shipping break bulk cargo is that it need additional coordination and resources, including specialist ships, loading and unloading cranes,  transport vehicles, warehouses, and longshoremen. Working with a seasoned and competent break bulk logistics provider might therefore make a significant impact.

Learn more about Break-Bulk here: https://brainly.com/question/28929076

#SPJ4

A bank's net interest margin is calculated by taking net interest income and:
a. dividing it by the bank's capital.
b. dividing it by the bank's assets.
c. dividing it by the sum of the bank's assets and capital.
d. subtracting taxes.

Answers

A bank's net interest margin is calculated by taking net interest income and dividing it by the bank's assets. The correct answer is option (b).

Net interest margin is a key performance indicator that reflects the difference between the interest income earned by a bank on its interest-earning assets and the interest expense paid on its interest-bearing liabilities. Net interest income is the difference between interest income and interest expense, and net interest margin is calculated by dividing net interest income by the bank's average interest-earning assets.

Therefore, option (b) is the correct answer.

Learn more about net interest margin, here:

https://brainly.com/question/30437539

#SPJ4

juan wants to track the profitability of three aspects of his restaurant: dining, bar, and merchandise sales. what feature does he use?

Answers

Juan wants to track the profitability of three aspects of his restaurant : dining, bar, and merchandise sales. In order to track these he will use class tracking.

Give a brief account on profitability analysis.

Profitability analysis in cost accounting examines how profitable a company's output is. An organization's output can be divided into products, clients, locations, channels, and/or transactions. An organization's costs must be allotted to output units utilizing drivers and intermediate allocation processes in order to conduct a profitability analysis. Costing describes this procedure. After allocation, the costs can be subtracted from the revenue per output unit. A product, client, location, channel, or transaction's unit margin is displayed in the remaining space. Managers or decision-makers can utilize the results of the calculation of the profit per unit to support management choices. Managers can choose to discontinue selling loss-making goods, cut expenditures for loss-making clients, or boost sales in profitable areas. By ordering output units from most lucrative to least profitable in a profitability study, one can conduct a Pareto analysis. By doing this, it is possible to produce a "Whale Curve" that graphically depicts an organization's prospective profit margin.

To know more about, profits, visit :

https://brainly.com/question/15699405

#SPJ4

in regard to resource leveling, why are noncritical path activities generally the first to be delayed?

Answers

Noncritical path activities are generally the first to be delayed in resource leveling because they have more flexibility in terms of their start and finish times compared to critical path activities.

Resource leveling is a technique used in project management to address resource constraints and optimize resource utilization. The critical path represents the sequence of activities that determine the project's overall duration. These activities have zero or very little flexibility in terms of their start and finish times, and any delay in critical path activities will directly impact the project's completion time. On the other hand, noncritical path activities have some slack or float, meaning they can be delayed without affecting the project's overall duration. By delaying noncritical path activities, project managers can better allocate scarce resources to critical path activities and ensure that critical tasks are completed on time. Delaying noncritical path activities allows for better resource utilization and avoids overloading resources when they are already stretched thin. It helps to balance resource allocation and ensure that critical activities receive the necessary attention and resources to meet project deadlines.

Learn more about activities here:

https://brainly.com/question/33390148

#SPJ11

Business optimism about future sales tends to __________ investment expenditures, shifting the _________curve to the __________. * Increase; AD; left Increases; AD: right Decrease; SAS; left Decrease; SAS: right

Answers

Answer:

increase, AD, left  

Explanation:

AD curve is the aggregate demand curve that is represents the demand of all the total quantities of the goods and the services which is demanded by the economy at the different price levels. It is the demand of the total spending of the domestic services and goods of the country.

The business optimism about the future sales tends to increase the investment expenditure and shifts the aggregate demand curve to the left side.

determining the budget involves allocating the project cost estimate to individual work items over time. T/F

Answers

False. Determining the budget involves more than just allocating the project cost estimate to individual work items over time.

While allocating costs to work items is a part of budgeting, it is not the sole aspect. Budgeting also includes considering various factors such as resource availability, project timeline, risk assessment, and cost estimation techniques. It involves analyzing and estimating the costs associated with each task or phase of the project and creating a comprehensive plan for managing and tracking the project's financial resources. The budgeting process is crucial for effective project management as it helps ensure that adequate funds are allocated to complete the project successfully while monitoring and controlling expenses throughout its lifecycle.

Learn more about determining budget  here;

https://brainly.com/question/32159397

#SPJ11

Salary is an example of _____ income. labor, rental, interest, none of the above

Answers

Answer:

rental

Explanation:

Business EDG 2021

A salary is an example of labor income. Thus, option A is correct.

What is an income?

An income can be defined as the amount which is earned by a person. It can be with respect to any job that he or she has done. It can also be from an investment. It is the amount that is taxable and is being paid to the government

Salary can be defined as the amount an employee or a person who renders a service gets paid. It is for the person who has some expertise in a particular role, and for that, they get a salary.

A salary is an example of labor income. It is because most salaries are based on the services provided. A labor income is also one who renders their service. As a result, salary will be a separate column which will be present.

Therefore, option A is the correct option.

Learn more about income, here:

https://brainly.com/question/17961582

#SPJ2

If Puddle Incorporated had total Accounts Receivable at the end of 2019 of $630 million and an allowance for uncollectible accounts of $16 million show the effect of the following in the accounting equation worksheet for 2020:a. Calculate how much customers actually owe to Puddle at the end of 2020.b. Calculate how much is estimated will not be collected by Puddle at the end of 2020.c. State how much expenses increased due to the estimate of uncollectible accounts.d. How much would Puddle show as the amount they actually plan to collect (Accounts Receivable, Net)

Answers

a. The amount (Accounts Receivable) that customers actually owe Puddle Incorporated at the end of 2020 is $741 million.

b. At the end of 2020, it is estimated that Puddle Incorporated will not collect (Allowance for Uncollectible Accounts) $22.23 million.

c. Bad Debt Expenses increased to $20.23 million.

d. The amount that Puddle Incorporated will show as the amount that they actually plan to collect (that is the Accounts Receivable, Net) is $718.77 million.

Data and Calculations:

Sales on credit in 2020 = $4,315 million

Collections during 2020 = $4,190 million

Uncollectible accounts written off during 2020 =$14 million

Allowance for uncollectible accounts = 3% of total accounts receivable

= $22.23 million ($741 million x 3%)

The following T-Accounts are used to calculate the requirements for a), b), and c) and the amounts are in millions.

Accounts Receivable

Account Titles                  Debit      Credit

Beginning balance          $630

Sales Revenue                4,315

Cash                                                $4,190

Allowance for Uncollectible                   14

Ending balance                                 $741

Allowance for Uncollectible Accounts

Account Titles                  Debit      Credit

Beginning balance                            $16

Accounts Receivable       $14

Bad Debts Expense                        $20.23

Ending balance                $22.23

Bad Debts Expense

Account Titles                            Debit      Credit

Allowance for Uncollectibles $20.23

Accounts Receivable, Net

Accounts Receivable ending balance $741

Allowance for Uncollectible accounts   (22.23)

Amount planned to collect                $718.77

Thus, Puddle Incorporated plans to collect $718.77 million in 2021 from past sales to customers but may collect more or less.

Learn more about Allowance for Uncollectible Accounts at https://brainly.com/question/17350161

What is Entrepreneurship?


Quickly advancing in positions within a corporation.

Acquiring leadership and managerial skills.


Setting up a business with the aim to make a profit.


Marketing and selling products.

Answers

Answer:

Setting up a business with the aim to make a profit.

Explanation:

-Hope this helps!

PLS MARK ME BRAINLIEST

Setting up a business with the aim to make a profit is Entrepreneurship. Hence, option C is correct.

What is Entrepreneurship?

A person who decides to take the risk of starting a new firm is called an entrepreneur. The combination of labour and capital to produce goods or services for profit is called entrepreneurship.

Entrepreneurs take on the risk of trying something new. The process of founding and managing a new business while taking measured risks in the corporate world is at the heart of the definition of entrepreneurship. In other words, it pertains to the capacity to design, organize.

By creating new products and services, they promote new employment, which eventually speeds up economic growth. Therefore, it is necessary to adopt public policies that encourage and support entrepreneurship.

Thus, option C is correct.

For more details about Entrepreneurship, click here:

https://brainly.com/question/18203575

#SPJ2


A. Canto Lent us $500 by cash *
Which account is being debited and which account is being credited?

Answers

cantos account is being debited and your account is being credited

when an account takes out money it's being debited and when an account is bringing in money it's being credited

HELP FAST! What is the correct answer?!?!

HELP FAST! What is the correct answer?!?!

Answers

The retailer/store pays the interchange rate.
retailer/store for sure!

any good business plan ideas
my business will be something to do with tie Dye

Answers

Answer:

nike socks for sure

Explanation:

Hoodies/Gloves would be amazing options.

A high growth market in South America has the following five brands competing in two regions (yearly sales): Total Units Units Brands Revenues (South) (North) (Pesos) Allright 9,000 150 159 Besthelp 4,580 100 200 Coldcure+ 6,000 179 Defogg 6,940 200 200 Effect 14,000 350 317 What is Defogg's revenue market share?

Answers

Defogg's revenue market share, given the total revenue made from the high growth market by the 5 firms in the industry, is 17. 18 %

How to find the market share ?

Market share is the percentage of a company's industry's total revenues that it generates. The company's sales for the time period are divided by the total sales for the sector for that time period to determine market share. This metric is employed to provide a basic understanding of a company's size in relation to its market and rivals. The business with the biggest market share in a certain sector is the market leader in that sector.

To find the revenue market share, you first need to find the total market share of all the firms as :

= (total revenue of Allright) + (total revenue of Besthelp) + ( total revenue of Coldcure+) + (total revenue of Defogg) + (total revenue of Effect)

= 9, 000 + 4, 580 + 6, 000 + 6, 940 + 14, 000

= 40, 520 Pesos

Defogg's revenue market share is :

= Defogg revenue / Total market share

= 6, 940 / 40, 520

= 17. 18 %

Find out more on revenue market share at https://brainly.com/question/4017104

#SPJ1

The following are true statements related to the Demand for Loanable Funds model presented in class, EXCEPT: Notation MPK: Marginal Productivity of Capital i: Nominal Interest Rate r: Real Interest Rate The Demand for Loanable Funds Represents the optimal decision of borrowers in order to borrow to finance productive investment (1) The optimal condition for the Demand for Loanable Funds is such that: MPK =i If real interest rate (r) goes up, then the optimal quantity of Loanable Funds demanded (or borrowed) goes down. If the MPK goes up due to a technological innovation, then the Demand for Loanable Funds will increase.

Answers

The true statements related to the Demand for Loanable Funds model presented in class are except for the notation MPK. The model represents the demand for loanable funds.

The Demand for Loanable Funds represents the optimal decision of borrowers to borrow to finance productive investment and the optimal condition for the Demand for Loanable Funds is such that MPK = i. If real interest rate (r) goes up, then the optimal quantity of Loanable Funds demanded (or borrowed) goes down, and if the MPK goes up due to a technological innovation, then the Demand for Loanable Funds will increase. Therefore, the notation MPK is false in relation to the Demand for Loanable Funds model presented in class. The Demand for Loanable Funds model is a model that demonstrates the relationship between the supply and demand of loanable funds in the economy. The nominal interest rate is what lenders charge to borrowers for the use of funds, and the real interest rate is the nominal interest rate minus inflation.

Learn more about Demand  here:

https://brainly.com/question/29349121

#SPJ11

Sabrina bought a new washing machine. She put $50 down and pays $50 per month for the next 10 months to be able to make the purchase. Which type of credit did she use?

A. an installment sales credit

B. an installment cash credit

C. a single lump-sum credit

D. a bank line of credit

Answers

I’m pretty sure it’s A. I hope this helped!

Sabrina uses an Installment sales credit. Thus the correct answer is A.

What is an installment?

When an individual borrows a fixed amount of money from another person, bank, or financial institution he has to return the borrowed funds in smaller amounts. This smaller amount which is paid by the borrower is referred to as installments.

This installment helps an individual to borrow a big amount of money when needed and allows them to pay in smaller quantities to avoid any financial burden.

In a an installment sales credit, a person is allowed to have Credit sales which is a method for businesses to increase customers' compensation deduction options for a limited time.

In this case when Sabrina bought a new machine. she puts$50 down and Pays $50 per month for the next months reflecting the presence of sales credit.

Therefore, option A an installment sales credit is the appropraite answer.

Learn more about sales credit, here:

https://brainly.com/question/2113592

#SPJ5

Q2. Perform a financial analysis for a project using the format provided in Book (Figure 4-5).(page 164) Assume that the projected costs and benefits for this project are spread over four years as fol

Answers

To perform a financial analysis for a project, the financial costs and benefits must be determined. The format provided in Book (Figure 4-5) page 164 is used for this purpose.The financial analysis is used to evaluate a project's viability, which requires examining the project's costs and benefits.

The costs are subtracted from the benefits to determine the net benefit or cash flow. If the net benefit is positive, the project is likely to be profitable, whereas if it is negative, the project may not be profitable.The financial analysis for a project using the format provided in Book (Figure 4-5) page 164 is done as follows:

Step 1: Determine the present value of the initial investment.The initial investment refers to the amount of money required to start the project. It is essential to determine its present value since its payment is often made at the beginning of the project. The present value of the initial investment is the current value of future cash flows discounted at a specified rate of return.

Step 2: Determine the present value of the project's cash inflows.The present value of the cash inflows is the sum of the discounted future cash flows resulting from the project. These cash inflows must be discounted to reflect their current value.

Step 3: Determine the present value of the project's cash outflows.The present value of the cash outflows is the sum of the discounted future cash outflows resulting from the project. These cash outflows must be discounted to reflect their current value.

Step 4: Determine the net present value of the project.The net present value (NPV) of a project is calculated by subtracting the present value of the project's cash outflows from the present value of its cash inflows. If the NPV is positive, the project is expected to be profitable. If it is negative, the project is expected to be unprofitable.

Step 5: Calculate the project's internal rate of return.The internal rate of return (IRR) is the discount rate that equates the present value of the project's cash inflows with the present value of its cash outflows. It is a measure of the project's expected rate of return. If the IRR is greater than the project's required rate of return, the project is expected to be profitable. If it is less than the project's required rate of return, the project is expected to be unprofitable.

Learn more about the benefits here

https://brainly.com/question/25376778

#SPJ11

Analyze the foreign operations of a real company that operates in the global economy. Pick one area of operations that the company has chosen to internationalize.
Explain the motivation(s) for the internationalization.
Discuss whether the entry mode chosen by the company when expanding into a specific country was the right one.
Apply the global strategy framework (MNE strategies), and provide your quick analysis of which overall MNE strategy (international, transnational, etc.) the company should pursue. Comment on how your recommendation aligns with the MNE strategy that the company is actually pursuing.

Answers

To analyze the foreign operations of a real company, let's consider Nike Inc., a multinational corporation operating in the global economy. One area of operations that Nike has chosen to internationalize is manufacturing and sourcing.

Motivations for Internationalization:

Nike's motivation for internationalizing its manufacturing and sourcing operations is primarily driven by cost efficiency and access to resources. By expanding operations to countries with lower labor costs, Nike can reduce production expenses and improve profit margins. Additionally, internationalizing allows Nike to tap into diverse markets, access raw materials, and leverage the capabilities of global suppliers.

Entry Mode Selection:

Nike has predominantly used a combination of outsourcing and contract manufacturing as the entry mode when expanding into specific countries. This approach enables Nike to leverage local expertise, establish partnerships with manufacturing facilities, and access specialized production capabilities. By working with contract manufacturers, Nike can maintain flexibility, reduce investment risks, and focus on its core competencies of design, marketing, and brand management.

Evaluation of Entry Mode:

The entry mode chosen by Nike for manufacturing and sourcing aligns well with its operational goals. It allows Nike to capitalize on the cost advantages and expertise available in different countries while maintaining control over product quality and brand image. However, Nike has faced some criticism regarding labor conditions and social responsibility in its supply chain, which highlights the importance of diligent monitoring and enforcement of ethical standards.

MNE Strategy Analysis:

Based on the global strategy framework, Nike aligns with a transnational MNE strategy. A transnational strategy aims to balance global integration and local responsiveness, leveraging economies of scale while adapting to local market demands. Nike's global brand presence and standardized product offerings demonstrate its global integration. Simultaneously, Nike customizes its marketing strategies, product designs, and collaborations to cater to regional preferences, reflecting local responsiveness.

Recommendation for MNE Strategy:

Considering Nike's current position, it should continue pursuing a transnational MNE strategy. This approach allows Nike to leverage its global scale, brand recognition, and operational efficiencies while tailoring its products and marketing efforts to suit local markets. By emphasizing sustainability and responsible sourcing practices, Nike can further enhance its reputation and address concerns related to labor conditions, aligning with the transnational strategy's principles.

In summary, Nike's decision to internationalize its manufacturing and sourcing operations aligns with its objectives of cost efficiency and accessing resources. The chosen entry mode of outsourcing and contract manufacturing has facilitated global expansion while maintaining control over core competencies. Nike's overall MNE strategy leans towards a transnational approach, combining global integration and local responsiveness. Continuation of this strategy, along with a focus on sustainability and responsible practices, can further strengthen Nike's position in the global marketplace.

Learn more about company from

https://brainly.com/question/29679635

#SPJ11

PLEASE HELP ASAP!! CORRECT ANSWER ONLY PLEASE!!!

ABC Lumber Company has stock with these probabilities of value after five years with an initial investment of $2,000: 55% probability of a $1,800 value, 20% probability of a $2,100 value, and 25% probability of a $2,700 value. What is the expected value of the investment after five years?

A. $2,085

B. $2,000

C. $1,950

D. $1,545

Answers

Answer:

C

Explanation:

Answer:

1,950

Explanation:

An unlicensed property manager can do all of the following except: Maintenance Showing units Negotiating lease terms Furnishing published information

Answers

When a person is an unlicensed property manager, they can do all of the above except Negotiating lease terms.

What can an unlicensed property manager do?

An unlicensed property manager can show prospective buyers the units on sale as well as maintaining the units. They can also furnish people with published information on the units.

They cannot however, negotiate lease terms with people because they do not have the license and authority to do so.

Find out more on property management at https://brainly.com/question/7023042.

a moderate level of conflict can induce creativity and initiative, thereby raising performance. true/false?

Answers

A moderate level of conflict can induce creativity and initiative, thereby raising performance. Thus, the given statement is false.

What is the importance of a conflict?

We have the chance to exhibit a genuine version of ourselves via a conflict. The basis of emotional well-being and effective communication is speaking the truth about ourselves even when we disagree. Again, working together is typically the best course of action for resolving disputes over significant concerns.

When dealing with challenges that are of moderate importance, compromise may frequently result in swift fixes. One of the following circumstances is most often where a fake disagreement occurs: A disagreement results from a misunderstanding. Even if the parties to the disagreement actually share comparable objectives, they mistakenly assume they have divergent aims.

Learn more about the conflict here:

https://brainly.com/question/17085630

#SPJ1


What two things do many employers use to judge an employee's performance?

Answers

Most employers use both outcomes and behavior to judge an employee's performance.

how has technology led to a lost in job​

Answers

Yes technology has led to loss in jobs

Explanation:

The development of technology has lead in loss of jobs for many ppl

In different factories they have been some development this decent years and the work that used to be done by many workers is now done only by a machine or a dozen.

By March 2022, 200,000 people left the labor force due to retirement and 500,000 new graduates entered the labor force. Of the new graduates, only 100,000 found employment right away.
What was the size of the labor force in March 2022? What was the unemployment rate in March 2022?

Answers

The unemployment rate in March 2022 is approximately 133.33%. To determine the size of the labor force in March 2022, we need to subtract the number of people who left the labor force from the number of people who entered the labor force.

Labor force = New graduates entering the labor force - People leaving the labor force

Labor force = 500,000 - 200,000

Labor force = 300,000

Therefore, the size of the labor force in March 2022 is 300,000.

To calculate the unemployment rate, we need to divide the number of unemployed individuals by the labor force and multiply by 100 to express it as a percentage.

Unemployment rate = (Number of unemployed / Labor force) * 100

Number of unemployed = New graduates - New graduates employed

Number of unemployed = 500,000 - 100,000

Number of unemployed = 400,000

Unemployment rate = (400,000 / 300,000) * 100

Unemployment rate = 133.33%

Therefore, the unemployment rate in March 2022 is approximately 133.33%.

To know more about unemployment rate, visit:

brainly.com/question/13932840

#SPJ11

ACCOUNTING ETHICS
"I’m sorry, Jen. That’s the client's position," Travis said.
"I just don’t know if I can go along with it, Travis," Jen replied.
"I know. I agree with you. But, Chefs Delight is our biggest client, Jen. They’ve warned us that they will put the engagement up for bid if we refuse to go along with the reclassification of marketable securities," Travis explained.
Jen asked, "Have you spoken to the engagement review partners about it?"
"They recommended giving in to the client on this matter," Travis responded.
"Listen, I understand the pressures of being the engagement partner and the need to keep the client happy, but this goes too far", Jen said.
The previous scene took place in the office of Trending Upwards, a large CPA firm in Beverly Hills, California. Jen is the Senior Manager on the engagement of Chefs Delight, a publicly owned global manufacturer of Chef’s cookware. Travis is the Partner in charge of the engagement. The engagement review partners make final judgments on difficult accounting issues, especially when there is a difference of opinion with the client. All of these individuals are CPAs.
Travis is preparing for a meeting with Chef Norman, the CEO of Chefs Delight. Travis knows that the company expects to borrow $5 million next quarter and it wants to put the best possible face on its financial statements to impress the banks. That would explain why the company reclassified a $2 million market loss on a trading investment to the available-for-sale category so that the "loss" would now show up in stockholder’s equity, not as a charge against current income. The result was to increase earnings in 2021 by 8 percent. Travis knows that without the change, the earnings would have declined by 2 percent and the company’s stock price would have taken a hit.
In the meeting, Travis decides to overlook the recommendation by the engagement review partners. He felt Jen made valid points. Travis points out to Chef that the investment in question was marketable, and in the past, the company had sold similar investments in less than one year. Travis adds there is no justification under GAAP to change the classification from trading to available-for-sale.
What happened next shocked Travis back to reality. The conversation between Chef Norman and Travis went this way.
"I hate to bring it up, Travis, but do you recall what happened last year at about the same time?"
"What do you mean?", Travis replied
Chef then stated "You agreed that we could record $1 million as revenue for 2020 based on a sale of our product that we held at an off-site distribution warehouse until the client asked for delivery, which occurred in 2021."
Travis remembered all too well. It almost cost the firm the Chefs Delight account. "Are you going to throw that in my face?" Travis said rather heatedly.
"No, Travis, Just a gentle reminder that you had agreed to go along with what we had asked at that time. We believe there is enough gray area to do the same here. Who knows, we may hold on to the investment for more than one year," Chef said calmingly.
The meeting broke up when Chef received a confidential phone call. They agreed to continue it first thing in the morning. Chef Norman's parting words were "we value loyalty in our accountants."
Assume you are in Travis's position and preparing for the meeting with Chef Norman in the morning. Consider the following in crafting a response to him.
1. What levers can you use to influence Chef Norman?
2. What is at stake for the key parties?

Answers

1. What levers can you use to influence Chef Norman? As the partner in charge of the Chefs Delight engagement, Travis must ensure that they are ethical and legally compliant in their reporting, and to communicate the importance of these values to Chef Norman.

He can use various levers to influence Chef Norman, including reminding him of their past agreement to avoid any questionable practices, explaining the consequences of failing to comply with ethical and legal standards, and emphasizing the importance of the firm's reputation and relationship with its clients. Travis should also present his case on the marketable securities as well as the need to maintain trust and integrity in the profession.

2. What is at stake for the key parties?For Chefs Delight, the stakes are high, as they want to borrow $5 million next quarter, and therefore, they want their financial statements to present them in the best possible light. For Travis and his firm, the stakes are their reputation and relationship with their biggest client. If they refuse to go along with the reclassification of marketable securities, Chefs Delight will put the engagement up for bid, which could result in the loss of the account.

The accounting profession’s integrity, reputation, and credibility are also at stake. Thus, all parties should comply with ethical and legal standards to maintain trust and integrity in the profession.

To know more about influence visit:

https://brainly.com/question/29023957

#SPJ11

the transfer of some of what are traditional internal activites and resources of a firm to outside vendors is

Answers

The transfer of some of what are traditional internal activities and resources of a firm to outside vendors is outsourcing. The correct option is c) outsourcing.

Outsourcing refers to the transfer of traditional internal activities and resources of a firm to outside vendors. This is a strategic decision made by companies to focus on their core competencies and delegate non-core tasks to external parties who specialize in those areas. The make or buy decision, mentioned in option D, is closely related to outsourcing, as it involves determining whether to produce goods or services in-house or to purchase them from external sources.

Outsourcing offers several benefits, such as cost savings, increased efficiency, and access to specialized expertise. However, it also comes with potential risks like loss of control over processes and potential quality issues. Therefore, companies must carefully consider the pros and cons before deciding to outsource any of their activities.

The other options, A) not allowed by the ethics code of the Supply Management Institute, B) keiretsu, and E) offshoring, are not related to the transfer of internal activities and resources of a firm to outside vendors. Keiretsu refers to a Japanese business network comprising interlinked companies, while offshoring involves relocating business processes to a different country, often to reduce costs. The correct answer to your question is C) outsourcing.

The complete question is:

The transfer of some of what are traditional internal activities and resources of a firm to outside vendors is

A) not allowed by the ethics code of the Supply Management Institute

B) keiretsu

C) outsourcing

D) a standard use of the make or buy decision

E) offshoring

For more about outsourcing:

https://brainly.com/question/28915776


#SPJ11

type of buisness organization that are free from formal and legal set up requirements​

Answers

Answer: Sole traders

Explanation:

Sole traders are individuals who run a business on their own with no separate legal personality or limitation of liability and no legal formalities or administration or filing requirements.

Have a nice day! -Chef Xiao

Free Trade Agreements promote which of the following?
Group of answer choices

All of these

Lower prices on imports

Increased output

Lower trade barriers

Higher levels of trade

Answers

Answer:

I beleive all of these would be the answer sorry if I am incorrect

Explanation:

Which of the following is not something the HR specialist will discuss with a new employee?

Answers

Answer:

idk

Explanation:

idk

Other Questions
A Styrofoam cup holding 125 g of hot water at 1.00102C cools to room temperature, 20.0 . What is the change in entropy of the room? (Neglect the specific heat of the cup and any change in temperature of the room.) WILL GIVE BRAINLIEST WILL GIVE BRAINLIEST Which adjective correctly completes this sentence?Miguel es _____.A. reservadaB. artisticaC. simpticaD. deportista Use the periodic table to identify the number of core electrons and the number of valence electrons in each case below.Magnesium (Mg): 1s22s22p63s2 When giving a speech on crocheting, you are sure to note the large number of mittens you have crocheted. Which type of appeal is this? is covert one also because I remember doing them in class At the end of a snow storm, Emily saw there was a lot of snow on her front lawn. Thetemperature increased and the snow began to melt at a steady rate. There was a depthof 15 inches of snow on the lawn when the storm ended and after 4 hours, the depthof snow was down to 12 inches. Write an equation for S, in terms of t, representingthe depth of snow on Emily's lawn, in inches, t hours after the snow stopped falling. Adolpho is speaking with his coworkers about thecompany's business goals for the upcoming year.Because he did not choose who his coworkerswould be, their interactions are referred to as ____.Answer: involuntary operates only one 8 hours shift per day and is scheduled to work 20 days next month (no overtime). Further, each station requires a 10% capacity cushion. Click the icon to view the Cooper River Glass Works Flowchart. a. Which station is the bottleneck? The bottleneck is with a total load of minutes for the next month. (Enter your response as a whole number.) b. Using the traditional method, which bases decisions solely on a product's contribution to profits and overhead, what is the optimal product mix and what is the overall profitability? This product mix yields a profit of q (Enter your response as a whole number.) c. Using the bottleneck-based method, what is the optimal product mix and what is the overall profitability? This product mix yields a profit of 9 (Enter your response as a whole number.) Which best describes DNA?A. a molecule that looks like a twisted ladderB. both answers about DNA are correct C. a molecule present in all living things 1.Production runs can be scheduled inA. only one shiftB. always two shiftsC. one or two shiftsD. up to three shifts2.Hiring the Needed Complement will always eliminateA. OvertimeB. worker layoffsC. a Second ShiftD. strikes3.Management should strive toA. increase TurnoverB. decrease Turnover4.Increasing Capacity tends toA. reduce the Needed ComplementB. reduce the number of workers on Second ShiftC. reduce Overtime5.Increasing Training Hours tends toA. increase the Needed ComplementB. decrease the Needed ComplementC. neither increase nor decrease the Needed ComplementD. both increase and decrease the Needed Complement6.Recruiting Costs are incurred whenA. Automation levels increaseB. Production runs increase and teams match hiring to Needed ComplementC. workers are assigned to a Second Shift7.Assuming the Productivity Index is greater than 100%, adding Overtime willA. increase the Productivity IndexB. decrease the Productivity Index8.Worker training is entered by theA. HourB. Dollar9.Teams can eliminate all Recruiting Costs if they wishA. TrueB. False10.Generally, Separation Costs will be incurred whenA. Production levels increaseB. Automation Levels increaseC. Production Levels decreaseD. Production levels decrease and / or Automation levels increase how does the de family's rejection of the monster drive the plot of the excerpt? Would lines Y=5x+2and 2y-10x=-8 be perpendicular parallel or neither? I just need a brief explanation with the answer suppose you throw five dice what is the probability all die are different The jet belt and man have a total weight of 250 lb. If the engines provide a constant thrust having x and y components of Fx = 35 lb and Fy = 300 lb, determine the total distance the man travels when t = 4s after takeoff. Neglect air resistance and the loss of fuel Ill give points plsss What is 0.46 103? (6-1)A 0.046B 460C 46D 4.6 One part of financial accounting involves the preparation of financial statements. what are the financial statements most frequently provided? It is b or d it is so not a or b How did Eli Whitney invention changed American life