Should catalina report and then cancel those three sales

Assignment Help Accounting Basics
Reference no: EM13135104

Catalina works for a regional sales branch of a large pharmaceutical company. Individual employees as well as individual goals, he or she receives a large bonus check at the end of the year. Likewise, if all the sales reps meet their goals, the entire branch receives brand new equipment, vacation packages, and larger bonuses. It is two weeks until the end of the fiscal year, when reps report their sales. Every sales rep in the branch has met his or her individual sales goal, except Catalina; she is three sales short. A friend encourages her to report three additional sales and then, come next year, report that three of her sales had been cancelled. "There's a loophole in the company policy that makes it so they can't take away your bonus after you've already received it," her friend tells her. "Plus, if you don't meet your goal, none of us get new equipment or vacation. You'll ruin it for all of us!" Should Catalina report and then cancel those three sales so she and her coworkers can receive their bonuses?

Reference no: EM13135104

Questions Cloud

Computing maximum area goat can graze : If a goat is tied on a 50 foot lead to a corner on the outside of a rectangular barn and the barn is 20 feet by 20 feet and the goat can not get into the barn nor is the barn a grazing area
Compute the cash payback period : Bella Company is considering purchasing new equipment for $450,000. It is expected that the equipment will produce net annual cash flows of $50,000 over its 10-year useful life. Annual depreciation will be $45,000. Compute the cash payback period.
Problem related to affiliated group : Ajak Corporation owns 85% of the single class of Utech Corporation stock. Utech Corporation owns 35% of Tech Corporation. Ajak Corporation also owns 50% of Tech Corporation, and Tech Corporation owns 75% of Baxter Corporation.
What is the molar mass : 2.00 moles of a gas occupies 62.2 L at a par- ticular temperature and pressure. Its density is 0.900 g/L. What is the molar mass?
Should catalina report and then cancel those three sales : Catalina works for a regional sales branch of a large pharmaceutical company. Individual employees as well as individual goals, he or she receives a large bonus check at the end of the year.
Angle of strung guy wire : A guy wire (a type of support used for example, on radio antennas) is attached to the top of a 50 foot pole and stretched to a point that is d feet from the bottom of the pole.
Compute material price and quantity variances : Compute material price and quantity variances. Do either or both of the variances warrant investigation? Explain
Computing the volume of cylinder : The volume of a cylinder (think about the volume of a can) is given by V = pi r2h where r is the radius of the cylinder and h is the height of the cylinder. Suppose the volume of the can is 100 cubic centimeters.
Political and artistic implications of duccio''s maestà : Explain the political and artistic implications of Duccio's Maestà. Use examples to support your response.

Reviews

Write a Review

Accounting Basics Questions & Answers

  Define interperiod income tax allocation

Define interperiod income tax allocation and briefly explain the three methods that have been advocated. Conclude by summarizing the generally accepted accounting principles for interperiod income tax allocation.

  Journal entries of bad debt amounts

On December 31, of the current year, a company's unadjusted trial balance revealed the following: Accounts receivable of $185,600; Sales Revenue of $1,280,000; (75% were on credit), and Allowance for Doubtful Accounts of $1,600 (credit balance). P..

  Equity method in accounting for investment

On December 31, 2010, Krypton reported a net income of $735,000 for the year. National Star uses the equity method in accounting for its investment in Krypton Labs.

  Christine income from consulting

real property taxes $3,900 interest on home mortgage 4,000 operating expenses of home 1,100 depreciation allocated to 20% business use 1,600 Christine's income from consulting is 16,000, and the related expenses are $5,000.

  Income statement-disclosed net of tax

Which of the following items on the income statement is not disclosed net of tax?

  Find out franchisee breakeven sales in dollars

Find out a franchisee's breakeven sales in dollars. Is franchising good idea for Wong if franchisees want a minimum monthly operating income of $6,000 and Wong believes that most locations could generate $26,000 in monthly sales?

  What gain must father recognize in 2012

In 2011, Father sold land to Son for $150,000 cash and an installment note for $450,000 due in 2015. Father's basis was $240,000. In 2012, after paying $27,000 interest but nothing on the principal, Son sold the land for $600,000 cash. As a result..

  Prepare journal entries to record

Prepare the entry required on December 31, 2013, to record the payment of the first 6 months' interest and the amortization of premium on the bonds.

  Computing after-tax cost of financing

For debt the weight is 0.44, after tax cost is 0.051, and the product is 0.02244. I do not understand how to calculate the after-tax costs. How is this done?

  Money market-capital market

Compare and contrast the characteristics features of the securities of money market with those of the capital market.

  Twin peaks building supplies

Chris White was a forestry technician who had been searching for several years for a business opportunity to combine with his forestry career

  Debit entry to bond interest expense

The market rate of interest for these bonds was 12%. On the first interest date, using the effective-interest method, the debit entry to Bond Interest Expense is for:

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd