Exam 13: Emerging Topics in Managerial Accounting: Sustainability, Quality Cost, Lean Accounting, International Issues, Enterprise Risk Management, the Managerial Accountant in Forensicfraud Accounting

On February 1, Synergy Import-Export Company sells merchandise to Japanese firms costing 90,000 yen.Payment will be made in Japanese yen on May 1.The exchange rates of yen for $1 were as follows: - Calculate the receivable in dollars on February 1.(Note: Round answer to the nearest cent.) On February 1, Synergy Import-Export Company sells merchandise to Mexican firms costing 90,000 pesos.Payment will be made in pesos, on May 1.The exchange rates of pesos for $1 were as follows: February 1 $1 = 10.9 pesos May 1 $1 = 11.4 pesos Calculate the receivable in dollars on February 1.(Note: Round answer to the nearest dollar.)

​Which of the following areas in the business sustainability cycle immediately follows stakeholder engagement?

Learner Company operates a petrochemical plant located in a foreign trade zone and imports chemicals that experience substantial evaporation loss during processing for use in production.It imported $200,000 of crude oil for use in chemical production.About 25% of the oil is lost through evaporation during production.Duty is assessed at 8% of cost, and carrying cost is 10% per year. Learner sells the finished product 6 months later.What is the amount of duty paid and carrying costs incurred by Learner?

terms listed below. -?Uses a single rate to assign conversion costs and approximates a comprehensive ABC system based in duration drivers

Lean manufacturing reduces wait and move times dramatically and allows the production of small batches of differing products.​

​To avoid an inherent risk means that the company:

​An organization's overall desired level of risk taking is referred to as its:

​The financial significance of quality costs can be assessed more easily by expressing these costs as a percentage of:

Assume that facility costs are $350,000 per year for a plant occupying 20,000 square feet.The cost per square foot is $17.50.A value stream occupying 10,000 square feet would be assigned a cost of $175,000.If the value-stream manager figures out how to do the same tasks with 5,000 square feet, the cost would be reduced to $87,500.Any unabsorbed facility cost would be:

Which of the following is true of foreign trade zones?​

Assume that a value stream in Atlas Company has two products with material costs of $35,000 and $75,000 for a given week.The conversion costs for the week amounted to $300,000.The units produced for the first product are 15,000 with 14,000 shipped to customers.For the second product, 30,000 units were produced and shipped.Calculate the cost per unit for the first product.(Note: Round answer to two decimal places.)?

​Which of the following is true of traditional financial reporting?

​Which of the following is true of a demand-pull system of production?

​_________ refers to the voluntary public disclosure of qualitative and/or quantitative information about an organization's performance on one or more financial and/or nonfinancial dimensions.

​Business sustainability is valuable because it improves decision making by helping managers understand how their various decisions involving stakeholder issues relate to important performance measures.

​Which of the following is true of external failure costs?

terms listed below. -?Costs incurred to prevent poor quality in the products or services being produced

The Association of Certified Fraud Examiners (ACFE) is the largest provider of antifraud training and education.​

​Which of the following represents an advantage of setting up a manufacturing plant in a foreign trade zone?

​Which of the following is true of forensic accounting?