ACTIVITY 2.23 INFORMATION:
H. Honest, a sales manageress in DN Traders, a partnership firm uses a business
vehicle to visit a client at approximately. 09.00 in the morning. The client is about Ookm
from the firm. The meeting with the client was completed within an hour. Honest arrived
back at work at 17.00 and covered 400km at the time of closure The CEO was upset
and conducted an investigation. It appears that business and pleasure (private) was
conducted and mixed up without permission. The firm has structures in place to promote
Internal control and auditing
obligations
INSTRUCTION
ected of
us
1. What type of investigation would have been conducted?
2 Was H. Honest ethical in her behaviour? Explain.
3. What documentary evidence should be available of the mileage covered? Who is
responsible for this evidence?
4. What recommendations would you make to improve accountability and promote
transparency?
5. What recommendations would you make to improve internal control and internal
auditing?
6. What action should be taken against H. Honest?​

True or false: banks are required to make electronically deposited funds available on the same day of the deposit

Bdj co. wants to issue new 22-year bonds for some much-needed expansion projects. the company currently has 9.2 percent coupon bonds on the market that sell for $1,132, make semiannual payments, have a $1,000 par value, and mature in 22 years. what coupon rate should the company set on its new bonds if it wants them to sell at par?

Nell and kirby are in the process of negotiating their divorce agreement. what should be the tax consequences to nell and kirby if the following, considered individually, became part of the agreement? a. in consideration for her one-half interest in their personal residence, kirby will transfer to nell stock with a value of $200,000 and $50,000 of cash. kirby's cost of the stock was $150,000, and the value of the personal residence is $500,000. they purchased the residence three years ago for $300,000.nell's basis for the stock is $ xkirby's basis in the house is $ xb. nell will receive $1,000 per month for 120 months. if she dies before receiving all 120 payments, the remaining payments will be made to her estate.the payments (qualify, do not qualify) as alimony and are (included in, excluded from) nell's gross income as they are received.c. nell is to have custody of their 12-year-old son, bobby. she is to receive $1,200 per month until bobby (1) dies or (2) attains age 21 (whichever occurs first). after either of these events occurs, nell will receive only $300 per month for the remainder of her life.$ x per month is alimony that is (included in, excluded from) nell's gross income, and the remaining $ x per month is considered (child support, property settlement) and is (nontaxable, taxable) to nell.