Answer:
$17,820,000
Explanation:
The amount of tax due to government authorities for the current period is referred to as current portion of income tax expense. It is calculated by product of current or enacted tax rate and taxable income for the period
Taxable income for 2021 = $66million
Enacted or current tax rate for 2021 = 27%
Current portion of income tax expense for 2021 = Taxable income x current tax rate = $66 million x 27% = $17,820,000million
Hence Current portion of income tax expense = $18 million
Answer:
A. Restrict access
C. Establish responsibility
D. Document procedures
B. Independently verify
Explanation:
A. Restrict access, as the password is set to address the cash register, that is a security is being provided, and this is because, there is a restricted access, for the safety purpose.
C. Establish responsibility - As the treasurer is held liable of making and receiving any checks, and that he is the person who shall monitor such things, related to transactions in checks.
D. Document procedures - since a list is prepared for the checks received in mail, it is mere preparation of records and documentation of what checks are received and what not.
B. Independently verify - Bank Reconciliation Statement is prepared to verify the transactions and match the balance in books with that of the bank pass book.
The answer is all of the above.
Risk sharing, liquidity, and knowledge are the three main services that the financial system offers to both savers and borrowers.
First, people seek steady returns on their holdings.
Investors often maintain a portfolio, or collection of assets, that offers generally consistent returns (diversification).
Risk is a measure of how unpredictable the return on an asset is.
Liquidity is a measure of an asset's ease of movement to be transformed into cash.
In financial markets, the information contains facts about borrowers and expectations of returns on financial assets.
Key Services of the Financial System:
- Effective Payment System
- Intermediary to Investors and Borrowers
- Sharing of Economic Financial Risk
- Diversification
- Liquidity
- Financial Information
Hence, key services that the financial system provides to savers include all of the above.
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Answer:
"Exporting pollution" occurs when a country reduces its domestic pollution, but increases imports that cause pollution in other countries.
Explanation:
Exporting pollution is a commercial and environmental process through which the most developed countries send their most polluting companies to produce their goods to underdeveloped countries. These companies, generally industrial, transfer their production of carbon dioxide and other polluting gases to these countries, which receive large employers and economic benefits but in turn accept higher rates of contamination in their territories.
Answer:
Ethics Code and Features
Ethics Codes
Features Integrity-
Based Ethics Codes Based Ethics Codes
Ideal: Accountability, decision Education, reduced employee
processes, controls discretion
Objective: Enable responsible employee Avoid criminal misconduct
conduct
Leader: Managers Lawyers
Methods: Conform to outside standards Conform to outside standards
and chosen internal standards
Explanation:
Codes of ethics refer to the governing principles and expectations that regulate the behavior of individuals and organizations in the conduct of their professional responsibilities and business activities. Two broad categories have been identified for written codes of ethics. They are compliance-based (rules-based) codes and integrity-based (principles-based) codes. Rules-based or compliance-based codes emphasize prevention, while principles-based or integrity-based codes provide guidance.
