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1 year ago

Can a person work as an agent for two different people with conflicting interests?

Business

1 answer:

ad-work [718]1 year ago

3 0

Yes, a person can work as an agent for two different conflicting interests.

Conflicts of Interest occur when an individual's private interests - financial, family, friendships, and other social factors, could compromise the individual's judgment, actions, or decisions in the workplace. It doesn't make it a conflict of interest if you perceive a conflict of interest. they are a clash that often occurs between interests and requirements.

the person can work for two different people with interests as an agent until he or she discloses the principles that he or she is representing both principals and persons agree to the dual relationship.

To know more about conflict of Interest refer to the link brainly.com/question/15544718?referrer=searchResults

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your firm is contemplating the purchase of a new $545,000 computer-based order entry system. the system will be depreciated stra

liberstina [14]

The IRR of the new computer-based order entry system is 22.87%.

Internal rate of return is the discount rate that equates the after-tax cash flows from an investment to the amount invested

The cash flow at the beginning of the period = purchase price of the system - reduction in working capital

$545,000 - $96,000 = $449,000

Depreciation expense = (cost of the asset - salvage value) / useful life

($545,000 - 0) / 5 = $109,000

Cash flow each year from year 1 to 5 = (amount saved - depreciation)(1 - taxes) + depreciation

($165,000 - $109,00)(1 - 0.22) + $109,000 = $152,680

Terminal cash flow = Salvage value - (tax x salvage value)

$71,000 - (0.22 x 71,000) = $55,380

IRR can be determined using a financial calculator:

Cash flow in year 0 = $-449,000

Cash flow in year 1 - 4= $152,680

Cash flow in year 5 = $152,680 + $55,380 = 208,060

IRR = 22.87%

To learn more about IRR, please check: brainly.com/question/26484024

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3 0

1 year ago

Ellen has entered all of her monthly expenses. She needs to create a formula that will deduct her monthly expenses from her mont

Phantasy [73]

Answer:

Absolute reference

Explanation:

An absolute reference in excel indicates a reference that is locked such that rows and columns do not alter when copied to another cell in the excel sheet.

It points to an actual fixed location in excel and absolute referencing is simply by adding a dollar sign before the row and column.

In other words ,Ellen will absolutely reference her income ,as the income is the same month-on-month.

5 0

3 years ago

The United States will import 3 million CDminusRom drives if ________ tax per CDminusRom drive is levied on imported CDminusRom

Brums [2.3K]

Answer:

A. no

Explanation:

If there is no tax rate per CDminusRom, to import it will cost less. It is easier when there is no tax rate attached. Therefore, The United States will import 3 million CDminusRom drives if ____NO____ tax per CDminusRom drive is levied on imported CDminusRom drives. Hence, the answer is A

8 0

3 years ago

A company can choose to use FIFO inventory costing methods for the financial statement and can elect to use either LIFO or FIFO

Oduvanchick [21]

Answer:

A. True.

Explanation:

Companies can and often do use different costing methods for financial reporting and tax reporting. The only exception is when LIFO is used for tax reporting; in this case the IRS requires that it also be used in financial statements.

LIFO assigns the highest amount to cost of goods sold - yielding the lowest gross profits and net income , which also yields a temporary tax advantage by postponing payment of some income tax.

8 0

3 years ago

Goliath Corp. has beginning accounts receivable of $2,000. During the year, Goliath sold goods to customers on account for $10,0

pishuonlain [190]

Answer:

$12,000

Explanation:

According to the accrual accounting method, the reporting of the transactions should be performed on an accrual basis which means whether or not the payment is paid but it is reported in the account books.

The revenue should be recorded when it is earned or realized and the expenses are recorded when it is incurred

So, in the given scenario, the amount based on accrual basis sales would be

= Goliath sold goods to customers on account + Goliath also sold goods to customers for cash

= $10,000 + $2,000

= $12,000

3 0

3 years ago