a.
Introduction: Stakeholder refers to the person or the group of persons who are interested in the business stake or any of the business projects. Stakeholders play important role in the decision-making process of any company or organization.
To determine: The stakeholders of the company in the given situation.
b.
Introduction: Accounting ethics refers to the five important accounting principles i.e. Integrity, objectivity, professional competence &due care, confidentiality, and professional behavior. It shows moral behavior and all the accounting judgments that will apply to accounting.
To determine: The ethical issues that are involved in the given case.
c.
Introduction: Accounting ethics refers to the five important accounting principles i.e. Integrity, objectivity, professional competence &due care, confidentiality, and professional behavior. It shows moral behavior and all the accounting judgments that will apply to accounting.
To determine: The alternatives that Ms. EK could opt to save from breach of ethical protocols.
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ACCOUTING PRIN SET LL INCLUSIVE
- Monk Enterprises had accounts receivable of $9,500 at the beginning of the month and $4,200 at the end of the month. Credit sales totaled $52,000 during the month. Calculate the cash collected from customers during the month, assuming that all sales were made on account.arrow_forwardLast year, Jenson Enterprises earned an operating income of $27,800 with a contribution margin ratio of 0.30. Actual revenue was $250,000. Calculate the total fixed cost. Round your answer to the nearest dollar, if required.arrow_forwardWhat is the target price to obtain profit margin on sales?arrow_forward
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