Around the End of the Year,an Accountant Orders a Shipment

question 99

True/False

Around the end of the year,an accountant orders a shipment of inventory earlier than normally scheduled because she knows that it will result in lower cost of sales and,thus,a higher profit.This action would be considered unethical because it is not a legitimate business transaction.

---

Definitions:

Ordinary Annuity

An annuity in which payments are made at the end of each period, such as yearly, monthly, or quarterly.

Periodic Payment

Payments made regularly (such as weekly, monthly, or annually) towards loans, mortgages, or annuities.

Ordinary Annuity

Consistently equal monetary transfers at each term's end within a finite interval.

Compounded Quarterly

A method where interest is computed on the original amount as well as on the interest that has been added over prior periods, and this calculation occurs quarterly.