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Charra [1.4K]
3 years ago
14

Describe a situation in which there could be a conflict of interest between an IT consultant’s self-interest and the interests o

f a client. How might this potential conflict be addressed?
Business
1 answer:
timurjin [86]3 years ago
7 0

Answer:

An example of a situation in which there could be a conflict of interest between an IT consultant’s self-interest and the interests of a client is a delay in duration for completion of a project.

This potential conflict can be addressed by providing a report of activities that have ensued within the time lapse and give reasons for extension of time.

Explanation:

An IT consultant saddled with the responsibility of developing a website for a client could have a disagreement with the client if he does not deliver on the job as at when due.

This could be due to his inability to concentrate on the project as a result of other personal engagements he has which could make him earn more.

To assuage his client's disapproval, he can present a detailed report showcasing the progress on the project and estimate an additional time to complete it.

He must be calm and courteous in his approach no matter how infuriated his client is.

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Blue Spruce Corp. accumulates the following cost and net realizable value data at December 31. Inventory Categories Cost Data Ne
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Answer:

<u>Company's total inventory</u> 30,850

Camaras: 10,960

Camcorders: 8,850

DVDs: 11,040

Explanation:

<u>Camaras: </u>

cost: 10,960

net realizable value: 12,060

<u>Camcorders: </u>

cost: 8,850

net realizable value: 9,170

<u>DVDs: </u>

cost: 12,100

net realizable value: 11,040

<u>Company's total inventory</u>

10,960 + 8,850 + 11,040 = 30,850

We must pick between the historic cost or the net realizable value the lower. The reasoning behind this is the conservatism accounting principle to keep the assets valued at minimum.

3 0
3 years ago
Question 4 Ivanhoe Company reports the following information (in millions) during a recent year: net sales, $10,794.0; net earni
Inga [223]

Answer:

ROA = 0.08 or 8%

Asset turnover = 2.4

Profit Margin = 0.033 OR 3.3%

Explanation:

All of the above requirements can be calculated as follows according to  their formula

Working

Average asset = (Assets at beginning + assets at end )/ 2

Average assets = (4025 + 4970 )/ 2

Average assets = $4497.5

Requirement A. Return on assets

ROA = Net Income / Average assets

ROA = $359.8 / $4497.5(w)

ROA = 0.08 or 8%

Requirement 2 Asset turnover

Asset turnover = Net Sales / Average assets

Asset turnover = $10,794 / $4497.5

Asset turnover = 2.4

Requirement 3 Profit Margin

Profit margin = Net income / Net sales

Profit margin = $359.8/$10,794

Profit Margin = 0.033 OR 3.3%

3 0
3 years ago
Expensive high quality late harvest auslese, beerenauslese and trockenbeerenauslese wine is made from grapes which are typically
yarga [219]
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3 years ago
NDP Mp will be equal to:
Ivanshal [37]

Answer:

B) NDPFC + Indirect Taxes

Explanation:

Net domestic product (NDP) is obtained by subtracting depreciation from gross domestic product (GDP), and it can be calculated at market price (NDPmp) or at factor cost (NDPfc):

  • NDPmp = GDPmp – depreciation
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If we substitute NDPfc into option B, we will get:

NDPmp = NDPfc + indirect taxes

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What will happen to your credit score if you do not manage your debt wisely?
galina1969 [7]

Answer:

it will go down

Explanation:

common sense  

6 0
3 years ago
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