One of the restaurant in Sohar operates in a space designated for a retail store and does not follow the rules for noise, outdoor storage, hours of operation, and other rules.This is an example of:
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- Which of the following MOST likely indicates a clear violation of an NFPO’s code of conduct? John Adams, a volunteer for the local pet shelter, also owns a pet store and has offered a discount on pet food to the local shelter. Cecilia Lam used inappropriate language on her Facebook page when referring to the NFPO for which she worked. Mark Adams, an employee for a legal society, used the organization’s computer to research a new job. Hanpreet Kaur, the accountant for a sports rehabilitation society, offered the society’s services to his sister free of charge without her needing to qualify.Shinas Food Shop decided to increase the salary of the workers due to high cost of living caused by COVID-19. This type of decision is called as: a. Individual decision b. Simple decision c. Minor decision d. Complex decisionFor the following descriptions, state whether the cost is controllable or uncontrollable by responsibility center managers. A. advertising for a merchandiser B. corporate income taxes C. office supplies for a merchandiser D. donations to the Salvation Army E. insurance for delivery vehicles
- The conceptual work of Accountability: In an accountability relationship, the accountor is to give an account to the accountee on what the accountor did. If the accountor refuses to give the account or the account is not satisfactory, the accountor would be sanctioned by the acccountee. Required: Identify accountor, accountee, and account in each of the following accountability instances (i) A farmer sells meat to local residents. (ii) A teacher delivers lectures in the class. (iii) A student submits the assignment report to the teacher.A client asks a CPA for attest engagement services relating to the assertion that the client has the lowest overall prices of all the groceries stores in the city. The client is not stating that they have the lowest price on all items they sells, but "on the whole" their prices are lower than those of the competition. The client plans to use the results of the atttesation engagment for marking purposes. Is such an attestation engagement acceptable especially when the resulting report is to be used for advertising purposes? What engagement criteria would be suitbable?The government made it compulsory for all citizens to wear mask in public places. Because of high usage of mask there is shortage of mask availability. Mr Lala is having huge stock of mask in his shop. But he is waiting to sell when there is no choice for the people to buy at high price from his shop. This action is called? a.Discrimination b.Hoarding c.Interest d.Swearing
- Visit a favorite eatery. Describe some of the internal controls that are implemented in the workplace. Discuss the good and effective internal controls and also discuss areas that need to be addressed where the eatery is vulnerable to losses.Acme Pty Ltd runs a carpark in the city. Acme want to have an exclusion clause that applies to all contracts with carpark customers to ensure that Acme is not liable if a customer’s car is stolen or damaged when parked in the Acme carpark. The following is the procedure for customers to use the carpark: The carpark customer receives a small ticket from a machine located at a boom gate at the entrance to the carpark. The customer pays for their car parking by inserting their ticket into a machine and paying with cash or credit card before they collect their car to leave. These machines are located at each level of the carpark. To exit the carpark, the customer inserts the paid-for-ticket into the machine at the boom gate. Usually customers do not meet or speak with any Acme employees at any time during their visit. However, customers can speak to an employee by pushing buttons on either the ticket dispensing machine or the payment machine.Required: Provide Acme with legal…Acme Pty Ltd runs a carpark in the city. Acme want to have an exclusion clause that applies to all contracts with carpark customers to ensure that Acme is not liable if a customer’s car is stolen or damaged when parked in the Acme carpark.The following is the procedure for customers to use the carpark: The carpark customer receives a small ticket from a machine located at a boom gate at the entrance to the carpark. The customer pays for their car parking by inserting their ticket into a machine and paying with cash or credit card before they collect their car to leave. These machines are located at each level of the carpark. To exit the carpark, the customer inserts the paid-for-ticket into the machine at theboom gate. Usually customers do not meet or speak with any Acme employees at any time during their visit. However, customers can speak to an employee by pushing buttons on either the ticket dispensing machine or the payment machine.Required: Provide Acme with legal advice so…
- Acme Pty Ltd runs a carpark in the city. Acme want to have an exclusion clause that applies to all contracts with carpark customers to ensure that Acme is not liable if a customer's car is stolen or damaged when parked in the Acme carpark. The following is the procedure for customers to use the carpark: The carpark customer receives a small ticket from a machine located at a boom gate at the entrance to the carpark. The customer pays for their car parking by inserting their ticket into a machine and paying with cash or credit card before they collect their car to leave. These machines are located at each level of the carpark. To exit the carpark, the customer inserts the paid-for-ticket into the machine at the boom gate. Usually customers do not meet or speak with any Acme employees at any time during their visit. However, customers can speak to an employee by pushing buttons on either the ticket dispensing machine or the payment machine.An accounting intern for a local CPA firm was reviewing the financial statements of a client in the electronics industry. The intern noticed that the client used the FIFO method of determining ending inventory and cost of goods sold. When she asked a colleague why the firm used FIFO instead of LIFO, she was told that the client used FIFO to minimize its income tax liability. This response puzzled the intern because she thought that LIFO would minimize income tax liability. Required: What would you tell the intern to resolve the confusion?A council health inspector threatens to close down a restaurant by issuing a fake health violation notice if the owner does not make a financial payment to him. If the restaurant owner does not cooperate, the restaurant cannot be opened for business and the negative publicity will drive customers away. Faced with the potential economic loss, the owner makes the payment.