Answer:
A real estate transaction would generate a high commission for an agent but would associate the agency with the destruction of a beloved local landmark.
Explanation:
there would be a conflict of interest between the organisation and the sales person when the interests of both parties do not align.
The goal of the sales person is to earn the highest possible commission. While, the goal of the firm would be to earn profit and a have a positive image.
If the agent makes the sale, he earns a high commission but this would cost the firm its positive image. thus, the interest of both parties are at odds. this would generate a conflict of interest
Answer:
The number of unemployed persons is 15 if we assume the person who are looking for work are NOT “unemployed”
The number of unemployed persons is 25 if we understand “looking for work” is “unemployed currently”
Explanation:
If we assume the person who are looking for work are NOT “unemployed” then:
Total 100 people = 60 of whom hold jobs + and 15 of whom are retired + 10 of whom are looking for work + unemployed persons
⇒ unemployed persons = 100 – 60 - 15 – 10 = 15
However, it’s better to understand “looking for work” is “unemployed currently”, then
Total 100 people = 60 of whom hold jobs + and 15 of whom are retired + unemployed persons (including whom looking for work)
⇒ unemployed persons = 100 – 60 - 15 = 25
Answer: a) increases expenses and lowers taxes.
Explanation:
Depreciation accounts for the wear and tear in fixed assets over their period of use. It is accounted for every period in the Income Statement as an expense which means that its addition increases the business's expenses.
It does that the advantage of being tax deductible however. This then means that it can be subtracted from Net Income for tax purposes. When that is done, it will reduce the Net Income thereby reducing the amount of taxes that can be charged on the company.
Answer:
The Journal entry is as follows:
On June 1, 2022
Cash A/c Dr. $316,200
To Bonds payable A/c $310,000
To Premium on Bonds Payable A/c $6,200
(To record the sale of these bonds on June 1, 2022)
Workings:
cash = $310,000 × (102 ÷ 100)
= $310,000 × 1.02
= $316,200
Premium on Bonds Payable = $316,200 - $310,000
= $6,200
Answer:
d. All of the above are true.
Explanation:
The objectives of colleges and universities differ from those of commercial enterprises for which profit is the primary motive in that colleges and universities seek to provide educational services within the existing levels of revenues available, although a slight level of excess revenue may be desired by some governing boards. A balanced budget where expenditures remain within available revenues is always expected of a financially responsible college or university. A major reduction in the net assets of an institution should be cause for concern and may be a sign of financial instability.
