ACTIVTIY 3 3.1 Define the tollowing concepts:
value system.
e-Business
Nepotism
Cronyism
Embezzlement
Bribery
(4x) (4)
3.2 Mention TWO benefits of positive values at the workplace.
(2x1) (2)
2 3 Indicate why it is important to follow a course or a program in keeping with your
(4x1)(4)
3.4 Explain the use of NBT.
(4x2) (8)
3.5 Assess how entrepreneurship may be a viable option to counteract
unemployment
3.5 Critically discuss how fraud and corruption may negatively impact economic
growth and development of a country.
(2418)
[Sun Yatak 30
(Grand Total: 90​

Miko willingly admits that she is not an accountant by training. she is concerned that her balance sheet might not be correct. she has provided you with the following additional information. 1. the boat actually belongs to miko, not to skysong, inc.. however, because she thinks she might take customers out on the boat occasionally, she decided to list it as an asset of the company. to be consistent, she also listed as a liability of the corporation her personal loan that she took out at the bank to buy the boat. 2. the inventory was originally purchased for $27,500, but due to a surge in demand miko now thinks she could sell it for $39,600. she thought it would be best to record it at $39,600. 3. included in the accounts receivable balance is $11,000 that miko loaned to her brother 5 years ago. miko included this in the receivables of skysong, inc. so she wouldn’t forget that her brother owes her money. (b) provide a corrected balance sheet for skysong, inc.. (hint: to get the balance sheet to balance, adjust stockholders’ equity.) (list assets in order of liquidity.)

What are two benefits of consumer programs

Analyzing and computing accrued warranty liability and expense waymire company sells a motor that carries a 60-day unconditional warranty against product failure. from prior years' experience, waymire estimates that 2% of units sold each period will require repair at an average cost of $100 per unit. during the current period, waymire sold 69,000 units and repaired 1,000 units. (a) how much warranty expense must waymire report in its current period income statement? (b) what warranty liability related to current period sales will waymire report on its current period-end balance sheet? (hint: remember that some units were repaired in the current period.) (c) what analysis issues must we consider with respect to reported warranty liabilities?