Sergio gets a haircut from Amelia and writes a check to pay for it. In this transaction, the drawee is: a. the bank on which the check is drawn, because it must pay the check. b. Amelia, because the check is payable to her once it is presented at a bank. c. Sergio, because he drew up the check to be charged to his account. d. not a party to this transaction.

The cook corporation has two divisions--east and west. the divisions have the following revenues and expenses: east west sales $ 603,000 $ 506,000 variable costs 231,000 300,000 traceable fixed costs 151,500 192,000 allocated common corporate costs 128,600 156,000 net operating income (loss) $ 91,900 $ (142,000 ) the management of cook is considering the elimination of the west division. if the west division were eliminated, its traceable fixed costs could be avoided. total common corporate costs would be unaffected by this decision. given these data, the elimination of the west division would result in an overall company net operating income (loss)

Describe a real or made-up but possible example of a situation where an employee faces a conflict of interest. explain at least two things the company could do to make sure the employee won't be tempted into unethical behavior by that conflict of interest. (3.0 points)

Identify the level of the literature hierarchy for u.s. gaap to which each item belongs