Answer:
Yes, because the stock is a direct financial interest.
Explanation:
The principals of the AICPA Code of Professional Conduct contains the responsibilities which are to exercise sensitive professional and moral judgment, in terms of the Public Interest to always honor the public trust and perform responsibilities with the highest sense of integrity.
The 3 Parts of the AICPA code of conduct. This includes:
(1) Members in public practice
(2) Members in business
(3) Other members
In accounting, code of conduct is important as it makes individuals to accept a high degree of responsibility toward the public.
Thd independence of a covered member is impaired when:
A. The covered member has a direct financial interest in a client
B. The covered member has a material indirect financial interest in the client
Direct Financial Interest
This is simply known as the ownership interests that is directly held in a client. An example is stock ownership, even if owned in a blind trust etc.
Answer:
The difference is 22.34 days which results in late payments
Explanation:
For computing the DSO we have to compute the accounts receivable turnover ratio which is shown below:
Accounts receivable turnover ratio = Credit sales ÷ average accounts receivable
= $325,000 ÷ $60,000
= 5.42 times
and the average collection period in days = Total number of days in a year ÷ accounts receivable turnover ratio
= 365 days ÷ 5.42 times
= 67.34 days
Actual credit period is given is 45 days
But the resulted days are 67.34 days
So, the difference is 22.34 days which results in late payments
<u>Answer:</u>
Businesses may deduct all general and fundamental costs of doing business, including publicizing costs to lower their spending expenses. You may deduct expenses for promoting your business to clients. It's essential to take note that these must be standard and sensible prices for publicizing.
The IRS thinks about all expenses for beginning another business as capital costs. That implies they resemble a venture which you cost after some time. All startup expenses are lumped together when figuring charge derivations.
Answer:
if no politics why u put category as business xD
Explanation:
Answer:
The Bullwhip Effect
Explanation:
According to my research on the different strategies used by food distributors and whole sale warehouses, I can say that based on the information provided within the question this is an example of The Bullwhip Effect. This is defined as an increase in inventory in response to a customers variety of demand as the order moves up the supply chain.
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