Answer:
fairness and honesty
Explanation:
Ethical relationships are relationships between individuals that are based on the trust that one person has to another person, and vice versa. The basic pillar of trust is honesty, if any of the people involved are dishonest, it cannot be a trust based relationship. In order for a trust based relationship to be ethical, it must also be fair. For example, slave owners had honest relationships with their slaves, but since the relationship was completely unfair and totally biased against the slaves, it wasn't an ethical relationship and therefore it was wrong.
In a company, an ethical relationship must be both honest and fair, so that abuses don't happen and the relationship can be positive for everyone.
Restricting free trade or trade among nations creates outside market influences that cause markets to act in unpredictable ways. This could artificially makes prices higher or lower than they should be. It can also cause shortages in goods or services produced. This prevents market optimization.
A dual banking system refers to the U.S in which banks supervised by the federal government and banks operated by the states are operated side by side. <span />
Answer: A merger results in reduced competition and a larger market share. Thus, the new company can gain a monopoly and increase the prices of its products or services
Explanation:
Answer:
The journal entry in respect of the factored debt is shown below:
Dr Cash $95,000
Dr Factoring cost $5000
Cr Accounts receivable $100,000
Explanation:
The factoring of accounts receivable implies that a finance company known as factor takes responsibility for chasing debtors for payments in return for a 5% charge of the accounts receivable.
Since factoring transfers accounts receivable to factoring comparing, accounts receivable is credited with face value of the debt,an inflow of cash from the factor is debited to cash account while also debiting the difference debt and cash received to a factoring expense account.
This avails the company quick access to cash receivable later.