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.
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With Nelly's grandparents being on a fixed income, inflation will cause their purchasing power to go down. Since inflation causes prices to raise, they will not be able to purchases things like before. The correct answer is C.
<u>E)</u><u> As an expense on the income statement.</u>
<h3><u>An expense is what?</u></h3>
The operating costs incurred by a business in order to produce revenue are referred to as expenses. According to a proverb, "making money costs money."
Paying suppliers, paying employees, leasing facilities, and depreciating equipment are examples of frequent costs. Businesses are permitted to deduct tax-deductible expenses from their taxable revenue on their income tax returns in order to reduce their tax liability. However, there are tight guidelines set forth by the Internal Revenue Service (IRS) regarding which costs companies may deduct.
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Answer:
U.S. dollar-Canadian dollar exchange rate is $1.5961
Explanation:
given data
1 U.S. dollar = 1.60 Canadian dollars
annualized return = 6%
annualized return = 6.5%
time = 180 day
to find out
what is the U.S. dollar-Canadian dollar exchange rate
solution
we know that 1 U.S. dollar equal to 1.60 Canadian dollars
and
exchange rate for 180 days is
exchange rate = Canadian dollar ×( 1 + canadian interest rate ) / ( 1+ US interest rate) .....................1
put here all these value
exchange rate = Canadian dollar ×( 1 + canadian interest rate ) / ( 1+ US interest rate)
exchange rate = 1.60 ×( 1 + 0.03 ) / ( 1+ 0.0325)
exchange rate = 1.5961
U.S. dollar-Canadian dollar exchange rate is $1.5961
All of them. You want people to be kind, focused, work together, and be smart.
