Answer:The ethical issue for Madrid and berne is allowing Joan used their office, equipment,supplies and have unrestricted access to their customers.
The ethical dilemma is the manner in which Joan fees are paid and determined.
Explanation:Joan presence in Madrid and berne office using all their resources makes him look like an employee or staff of the company rather than an independent contractor that he is.if he does anything wrong with Madrid and berne customer ,Madrid and berne will be vicariously liable i.e they cannot deny knowledge of it even. If it is not part of assigned to him.having access to all Madrid and berne customer may definitely lead to the and the customer will have a feeling he is a staff of Madrid and berne .
The ethical dilemma for joan is his fees ,he is being paid on standard determine by Madrid ,fees paid to accountant should be moderate and both party should determine it ,this is to strengthen the objectivity and Independence of Joan,as it is Joan work will be influenced greatly by Madrid and berne especially for their high worth customers.even when the records are not okay,they won't want to lose such customer and may influence Joan to write favorable report,the client will also easily bribed joan for favorable report . Independence of Joan is eroded ,the fees should be co-determind by Joan and Madrid and berne
Thanks
Answer:
C) The company informs employees that the insurance company will vigorously prosecute all offenders.
Explanation:
- As a bond is a measure of the indebtedness to the issuer and the holder thus is a type of debt security depending on the type of terms of the bond.
- They can be corporate and municipal as they are issued by the public authorities, companies and the supranational institution or primary markets. The most common type of issuing a bond is through the underwritings.
- They can be fixed, floating and high yield, convertible and exchange bonds. An insurance company can have a bond as a form of protection of the company form the action of the employees.
Answer: The deferred tax are reported as non-current on the balance sheet.
Explanation:
Non-current field in a balance sheet include valuation allowance along with deferred tax.
Deferred tax can fall under the category of liability or asset.
When a company pays extra or advance tax to the government, it falls under deferred tax asset category and same will be returned back to the company.
When there is a difference between company's accounting and tax carrying values, then deferred tax is considered as liability in the balanced sheet.
In case deferred tax is a liability then company will have to pay that extra tax because of a transaction that took place in this period and resulted in the difference.
Answer:
FV= $4521.81
Explanation:
Giving the following information:
Your credit card company charges a monthly compound interest rate of 2.5%.
Debt= $2500
n= 24 (monthly)
We need to use the following formula to calculate the final value of this debt.
FV= PV*(1+i)^n
PV= present value
FV= 2500*(1+0.025)^24
FV= $4521.81