Answer: An ethical issue
Explanation: An ethical issue transpires when a given resolution, postulated sequence or activity generates a discord with an organization or a person’s ethical standards. These discords could be lawfully risky whereby the options to work out the problem is a violation of a specific regulation and could create an antagonistic reaction from the other individual involved. In this case, this is an ethical issue for the individual which must be dealt with because the CEO’s nephew, Dave is not qualified for the job position that the CEO asked for him to be put in.
A. Because grants and scholarships are free money and loans have to be repaid. 25% is the lowest amount of loans
<span>The supplier may feel that revealing cost information to buyers may put them at a disadvantage because it would hurt their pricing strategy, they would be better of withholding the info to sell at a higher price or more convenient manner. The supplier may also not fully understand the cost information, so he or she may not want to give the buyer false information.</span>
Answer:
$38,100 ; $45,600 and $0
Explanation:
The computation is shown below:
For amount transferred from the income summary account to the Retained Earnings account in the third closing entry i.e net income or net loss
As we know that
Net income = Total revenues - total expenses
Commission revenue $49,700
Rent revenue $7,300
Less: expenses
Depreciation expense - $5,200
Utilities expense -$8,600
Supplies expense -$5,100
Net income $38,100
The balance in retained earning account is
= Opening retained earning balance + net income - dividend paid
= $22,500 + $38,100 - $15,000
= $45,600
And, the balance in depreciation expense account is zero as this depreciation expense account is closed while closing the expenses account i.e utilities expense, supplies expense and depreciation expenses
