Answer:
B) Integrity
Explanation:
There are various ethical standards which are described below:
A) Credibility: This ethical standard deals with the communication of the correct information of the statement of financial position to all stakeholders of the business organization.
B) Integrity: This ethical standard stated that the chartered accountant should be honest and not biased for his personal gain. If he/she is biased, then he/she violates his/her profession.
C) Competence: The person is capable to do the particular task or not will check by his competence
D) Confidentiality: The financial information should not be disclosed out to third parties. The person should maintain confidentiality.
So as per the given scenario, the most appropriate option is B. Integrity
Answer:
Explanation:
The preparation of the partial balance sheet for Sage at December 31, 2020 is presented below
NASH COMPANY
Partial Balance Sheet
At December 31, 2020
Current liabilities
Notes payable $3,176,480
Long term debt
Note payable refinanced in the year 2021 $3,867,520
The computation is shown below:
For note payable i.e shown in the current liabilities is
= $7,044,000 - $6,043,000 × 64%
= $3,176,480
And, the refinanced note payable is
= $6,043,000 × 64%
= $3,867,520
Answer:
Option C is correct (8.95%)
Return on equity is 8.95%
Explanation:
Option C is correct (8.95%)
Return on Equity:
It is the measure of how well company is making profit in relation to stock holder equity.
General Formula formula for return on equity is:
ROE= Net Income/Shareholder Equity
In our Case:
Formula will become:
Net Income= $48,200
Sales=$ 947,100
capital intensity ratio=0.87
equity multiplier=1.53
Return on equity is 8.95%
Answer: breach of contract
Explanation:
Some of the duties of an agent include the duty to perform, the duty to account, the duty to notify and the duty of loyalty.
It is the duty of the agent to perform the lawful duties that are expressed in the contract and to also meet the standards of diligence, skill and reasonable care. In such case, an agent who doesn't meet the standards will be liable for the breach of contract.
Answer: THEY ARE CONSIDERED IN THE UNITED STATES AS ILLEGAL AND UNETHICAL.
Explanation: The side payment for favorable business contracts in foreign countries made by International Turtle Trap Manufacturing Corporation is an ILLEGAL AND UNETHICAL ACT, which is punishable under the Constitution of the United States of America and most other developed countries of the world.
Side payments are payments made outside the recommended payments as stated or listed in the terms of agreement in order to subvert justice and Due process in the execution of tasks or contracts.
