SLO 9.2. Expediting: May be caused by the buyer or the supplier Is caused by buyer behavior only Is caused by supplier behavior only May be the result of legal noncompliance Is a routine order tracking process SLO 10.1. Radio frequency identification (RFID) will: Eliminate bar coding and manual counting Eliminate further investment in information technology Supplement bar coding to reduce theft Be more cost effective to implement than bar coding Improve data capture but slow down inventory picking
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SLO 9.2. Expediting:
| May be caused by the buyer or the supplier Is caused by buyer behavior only Is caused by supplier behavior only May be the result of legal noncompliance Is a routine order tracking process |
SLO 10.1. Radio frequency identification (RFID) will:
| Eliminate bar coding and manual counting Eliminate further investment in information technology Supplement bar coding to reduce theft Be more cost effective to implement than bar coding Improve data capture but slow down inventory picking |
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- Asma is a junior management accountant at Flower Cloth Ltd. Asma is given the task of compiling a cost-benefit analysis report on whether the company should purchase an expensive new machine from Radi Ltd, where her brother is the new sales manager. Asma did not tell anyone in Flower Cloth about her brother’s new job. In preparing her report, Asma overstates the qualitative benefits and understates the costs associated with this new machine to help her brother make his first sales as the new sales manager. Required: Discuss why and how Asma has deviated from the standards of ethical conduct.In 2022, Ellen and Ed, married filing jointly, had $10,000 mortgage interest, $2,000 real estate taxes, $2,000 state income tax, and medical expenses of $2,000. Assuming they had an adjusted gross income of $50,000, which of the following is TRUE? Question 12Select one: a. They should take a standard deduction of $24,000. b. They should take a standard deduction of $12,000 c. They should take an itemized deduction of $14,000. d. They should take an itemized deduction of $16,000.The following selected accounts are included in the trial balance of Dreyfus Corp. on December 31, 20x2:Debit CreditSupplies on hand P270,000Accrued salaries payable P150,000Interest receivable 510,000Prepaid insurance 9,000,000Unearned rent -Accrued interest payable 1,500,000Additional information are as follows:1. A physical count of supplies on hand on December 31, 20x2 totaled P110,000.2. The accountant failed to adjust the Accrued Salaries Payable account. The accrued salaries payable on December 31, 20x2 totaled P440,000.3. The Interest Receivable account was also left unadjusted on December 31, 20x2. Accrued interest receivable on December 31, 20x2 amounted to P435,00 4. The unexpired portions of the insurance policies totaled P6,500,000 as of December 31, 20x2.5. A total of P2,800,000 was received on January 1, 20x2, for the rent of a building for both 20x2 and 20x3. The total amount received was recognized as revenue in 20x2.6. The correct amount of depreciation for the year…
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