If you did not understand what the term accrual meant and failed to accrue the interest due at the end of the year on the company's bonds then the IMA standards that has been violated is competence.
<h3>What is competence under IMA?</h3>
The IMA has set different standards and they have a responsibility to comply and uphold those standards. These standards are:
• Competence
• Confidentiality
• Integrity
• Credibility Failure
The standard of competence requires maintenance of appropriate level of professional leadership and expertise by enhancement of knowledge and skills.
It also requires performing professional duties in accordance with relevant law, rules, regulations and technical standards.
Competence also requires providing decision support information and accurate recommendations which are clear, concise and timely. It helps in recognition and management of risks.
To know more about IMA standards, visit:
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Answer:
a. The intercept terms beta0 depicts the minimum amount of salary that a person will be earning if the person is not a college graduate. beta1 depicts that if a person is a college graduate, then the salary of the person increases by \beta 1 units.
b. The error term include all other variables impacting salary of the person other than the the person being a college graduate.
c. The independent variable X will be endogenous when salary plays an important role in determination of whether a person is college graduate.
d. yes, independent variable can be endogenous in some cases when dependent variable Y is impacting the independent variable X.
e. Endogeneity can lead to relaxation of one of the important assumption of Ordinary Least Squares (OLS) which considers independent variable to be endogenous. This will lead to the problem of multi collinearity. The Simultaneous Equation model can be used in this case rather than OLS model.
Explanation:
Answer:
Cost to retail ratio = 57.05%
Explanation:
Particulars Cost Retail
Beginning Inventory $46,000 $66,000
Add: Purchases $213,000 $406,000
Less: Purchases Return $7,000 $9,000
Freight In $15,558 -
Net Markups - $6,400
Good Avail. for Sales (Without markdowns) $267,558 $469,000
Cost to retail ratio = $267,558/$469,000
Cost to retail ratio = 0.570486
Cost to retail ratio = 57.05%
Answer:
- Human resources (HR) is the division of a business that is charged with finding, screening, recruiting, and training job applicants, as well as administering employee-benefit programs.
- Human resources is the personnel of a business or organization, regarded as a significant asset in terms of skills and abilities.
- Human resources are defined as the people employed by a company or the department in a company in charge of hiring, training, benefits and records.
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Answer: Positive organizational scholarship.
Explanation:
Positive organizational scholarship involves a company consciously working towards achieving success, by improving working conditions of its employees and by encouraging it's employees to have a positive mindset towards work.
Positive organizational scholarship focuses on hosting programs in an organization that builds the employees of that organization with the working character of: optimism, hope, excellence and resilience.
