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3 years ago

What is the most common factor in the code of ethics for many professional organizations?

Business

1 answer:

serg [7]3 years ago

8 0

Answer:

The correct answer is: information, training, and credentials are based on evidence-based practice.

Explanation:

Business ethics, in addition to having a responsibility for the common good, is a commitment to permanent respect for all its associates: its staff, its customers, its investors, its suppliers, its creditors and the State as representative of the society.

Thus, ethics should contribute to strengthening the credibility and reliability of the entire society in the company, managing to satisfy the wishes and attending to the rights of all its stakeholders.

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"A customer contributed $50,000 to a variable annuity contract. The account value has grown over the years and the NAV is now $7

makvit [3.9K]

Answer: $20,000 of the distribution is taxable and $5,000 is not taxable

Explanation:

The options to the question are:

A. The entire $25,000 distribution is not taxable

B. $5,000 of the distribution is taxable and $20,000 is not taxable

C. $20,000 of the distribution is taxable and $5,000 is not taxable

D. The entire $25,000 distribution is taxable.

From the question, we are told that a customer contributed $50,000 to a variable annuity contract and that the account value has grown over the years and the NAV is now $70,000.

We are further told that the customer is now age 60, and takes a lump-sum distribution of $25,000 to pay for expenses. This indicates that there will be tax deductible in the amount of :

= $70000 - $50000 = $20,000. It should also be noted that $5000 won't be taxed.

4 0

4 years ago

An economic expansion tends to cause the federal budget deficit to ________ because tax revenues ________ and government spendin

Gwar [14]

An economic expansion tends to cause the federal budget deficit to decrease because tax revenues rise and government spending on transfer payments falls.

What is economic expansion?

Economic expansion occurs when real GDP raises from a trough to a peak within two or more subsequent quarters. The expansion occurs during times of economic stimulation when there is a rise in employment, followed by consumer confidence and discretionary spending. The stage is additionally referred to as economic recovery. When expansion reaches its pinnacle, a peak happens. With a large sum of demand for goods, inflation occurs when costs begin to increase. Gradually, consumers begin to buy less. After reaching the peak, economic growth starts to decrease. While the phrases inflation and deflation refer to rising and falling prices of commodities, goods, and services relative to the value of money, economic contraction and expansion refer to the overall output of all goods and services.

To learn more about economic expansion, visit;

brainly.com/question/831569

#SPJ4

6 0

2 years ago

Betty goes out to enjoy a bouffe with her friend instead of practicing calculus problems for her maths examination that is due t

Deffense [45]

Answer:

The correct answer is B,false

Explanation:

Opportunity cost is naturally the cost of alternative forgone,that is the benefits ignored as a result of taking a particular course of action.

Obviously,the opportunity cost of the bouffe to Betty is the practicing calculus problems for her math examination that she could not partake in.

The opportunity cost would only be the practicing session missed if Betty was able to pass the examination,otherwise the opportunity becomes bigger if she fails the exam to include the costs of paying and preparing for another examination

3 0

3 years ago

Under the doctrine of strict liability, liability for injuries is imposed for reasons other than fault. a. True b. False

Alina [70]

Answer:

True

Explanation:

The doctrine of strict liability applies to tort law, and it states that the plaintiff doesn't have to prove that the defendant was negligent, intentional or at fault. All the plaintiff must prove is that the tort occurred, that he/she suffered because of it and that the defendant was responsible for the tort.

This doctrine generally applies to situations that are considered dangerous by nature, e.g. selling alcohol to minor or ownership of wild animals.

6 0

3 years ago

Bower Company purchased Lark Corporation’s net assets on January 3, 20X2, for $632,000 cash. In addition, Bower incurred $9,000

Vitek1552 [10]

Answer:

Preparation of Journal Entries

Date Particulars Dr($) Cr($)

January 3, 20x2 Cash & Receivables 57,000

Inventory 165,000

Buildings & Equipment 307,000

Patent 203,000

Account Payable 20,000

Purchase Consideration 632,000

Gain on Purchase Bargain 80,000

(Being purchase of Lark

Corporation`s net assets)

Recording of merger costs.

(Debit) Cash $9,000

(Credit) Merger Expenses $9,000

Recording of acquisition of Lark Corporation`s net assets

(Debit) Investment in Lark`s net asset $712,000

(Credit) Cash $632,000

(Credit) Gain on Purchase Bargain $80,000

Explanation:

When acquiring another business, net asset (Total Assets - Total Liabilities) is valued at fair value (sometimes called market value, not book value. Hence, the reason why the fair value of Lark`s assets and liabilities was used in the calculation above. So the net assets ($57,000+$165,000+$307,000+$203,000 - $20,000) = $712,000.

After, calculating the net assets of the Lark, the purchase consideration given by Bower Company has to be removed from the net asset, in order to get the goodwill or gain on purchase bargain on the acquisition. The formula is Purchase consideration - Net assets of the target company = Goodwill (Gain on purchase bargain). If the purchase consideration is higher than the net assets, then goodwill is obtained. If the purchase consideration is lower than net assets acquired then, gain on purchase bargain is obtained.

In Bower`s case, gain on purchase bargain is obtained because net assets is greater than purchase consideration ($632,000 - $712,000).

Merger cost

Merger cost is not considered as part of purchase consideration. The merger cost is taken to income statement of Bower Corporation as expense.

3 0

3 years ago