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Kryger [21]
3 years ago
10

John works in accounting. He received a birthday gift from a close personal friend, who happens to be employed by a supplier to

his company. John has no direct or indirect influence over the business relationship with the supplier.
Which of the following is true?

a. It would be unethical to accept the gift due to a conflict of interest.

b. Because John has no influence over the business relationship with the supplier, it is fine to accept the gift.

c. It is John's ethical duty to accept the gift because he should help to maintain the business relationship between his company and his friend's company.

d. None of the above
Business
1 answer:
vichka [17]3 years ago
3 0

Answer:

The correct answer is letter "D": None of the above.

Explanation:

<em>Even if John has no direct either indirect influence in the business it is not suitable for him to accept the gift from his friend</em>. The position John's friend has in the supplier company is unknown which implies his friend could play a managerial role, therefore, it is better to avoid any type of action that could be a signal of preference towards that company.

Besides, John works in accounting which is an administrative department of the business, thus, John should be extra careful in his actions regardless of the influence he might have in the firm.

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the nominal interest rate is 7 percent and the expected inflation rate is 4 percent. the real interest rate is
Hoochie [10]

Answer:

2.88%

Explanation:

According to the fisher equation :

(1 + Nominal interest ) = (1 + real interest) (1 + inflation rate)

(1.07) = (1.04) x (1 + real interest)

(1.07) / (1.04) = (1 + real interest)

1.028846

real interest rate = 2.88%

6 0
3 years ago
Generally, revenue from sales should be recognized at a point when
qaws [65]

Answer:

D. none of these answer choices are correct.

Explanation:

The principle of revenue recognition occurs when the revenue is realized or earned either cash is received or not and it also serves the accounting accrual basis. Realizable also means that the buyer gets the product but the payment is made afterward.

In this, it does not depend on cash transactions.  

Hence, the option D is correct

3 0
2 years ago
As of 2011, about how large was the world's human population, and about how long will it take to add another billion
Vaselesa [24]
As of 2011, the world's population has reached 7 billion. The annual population growth rate is 1.2%, thereby there would be an additional 1 billion population growth at approximately 11 years or by 2021 the population would be 8 billion.
5 0
2 years ago
Read 2 more answers
Which type of investment offers both capital gains and interest income?
xxMikexx [17]
The answer is C - stocks
8 0
2 years ago
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Suppose a company is currently manufacturing 39 smartphones per day. The variable cost is $120 per smartphone with daily fixed c
Vitek1552 [10]

Answer:

57 smartphones per day

Explanation:

contribution margin per each smartphone = $132 - $120 = $12

total daily fixed costs = $684

break even point in units = total fixed costs / contribution margin per unit = $684 / $12 = 57 smartphones per day

break even in $ = 57 x $132 = $7,524 total daily sales

7 0
2 years ago
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