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3 years ago

As a financial planner, you offer unbiased advice to your clients. Which principle of ethics are you complying with?

Business

2 answers:

Anika [276]3 years ago

5 0

Answer:

if this is plato it is b

Explanation:

NikAS [45]3 years ago

4 0

B. Objectivity.

Objectivity means offering balanced, smart advice that doesn't show your personal favorites.

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Hart Company has the following activities in 2012. The company had total cash sales of $2,000. During the year they incurred and

Irina18 [472]

Answer:

$500

Explanation:

2012 Income Statement

Revenue $2,000

<u>Expenses</u>

Wages incurred and paid $500

Salaries $400

Interest on bank loans <u>$600</u> <u>$1,500</u>

Net Income <u>$500 </u>

So, the amount of $500 will be shown as Net Income on the 2012 Income Statement.

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2 years ago

The entry to record the distribution of the stock dividend would include

Iteru [2.4K]

The correct answer is B. A debit to common stock distributed.

<em>The entry will be stock dividends debit, paid-in capital which is in excess per common credit stock, stock dividends which are being distributed.</em>

In credit entry it records distribution and declaration of stock dividend which includes the debit to the retained earnings and also a credit to the common stock.

4 0

3 years ago

Lorenzo and Lila own all of the Double L Corporation's stock. The stock of this corporation is not sold to the general public. L

ladessa [460]

Owners of the company.

<h3>What is a stock of a company?</h3>

A stock usually referred to as equity, is a type of investment that denotes ownership in a portion of the issuing company.
Shares, also known as units of stock, entitle their owners to a share of the company's assets and income in proportion to the number of shares they possess.

<h3>What is an owner of a company?</h3>

A company's "owner" is a person who owns all of the shares.
In contrast, a "co-owner" shares ownership of a business with one or more partners.
The owner, who is frequently the company's founder, is free to run their business however they like.

Therefore, Lorenzo and Lila are owners of the Double L Corporation.

Know more about stocks here:

brainly.com/question/1957305

#SPJ4

6 0

2 years ago

The manager of the manufacturing unit of a company is responsible for the costs of the manufacturing unit. The president is in t

trasher [3.6K]

Answer:

AC Problems : Incurred even at 0 output level, much varying & deviant from cash flows

VC Problems : Doesn't include fixed cost, incomplete expenditure, incomplete financial (accounting) statements.

Explanation:

Average Cost is the cost per unit off output.

Problems with AC as a performance measure :

It includes all (fixed & variable cost) average. So, including fixed cost, it is not zero even at zero output level.
It's variance analysis during production & cost phases is very complicated.
It's result are deviant as evident from cash flows.

Variable Cost is the cost incurred on variable factors of production.

Problems with VC as a performance measure :

It doesn't include fixed cost. So, it is not a correct measure of complete total expenditure.
Fixed costs are huge. No financial inclusion of them makes accounting information unreliable (for legal purposes)

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3 years ago

The centralized computer technology department of Hardy Company has expenses of $320,000. The department has provided a total of

goblinko [34]

Answer:

Retail Division = $480,000

Commercial Division = $125,000

Explanation:

<u>Divisional income from operations for the Retail Division and the Commercial Division</u>

Retail Division Commercial Division

Sales $2,150,000 $1,200,000

Cost of goods sold ($1,300,000) ($800,000)

Controllable Contribution $850,000 $400,000

Less Expenses

Selling expenses ($150,000) ($175,000)

Allocated Central Costs ($220,000) ($100,000)

Net Income before tax $480,000 $125,000

Calculations :

Allocation of Central Costs :

Retail Division (2,750/ 4,000 × $320,000) = $220,000

Retail Division (1,250/ 4,000 × $320,000) = $100,000

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3 years ago