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4 years ago

Discuss the principles of professionalism and ethics

1 answer:

4 0

Good moral principles is a fundamental of any profession. It is called a professional ethics and describes the organizational and personal standards of behavior a professional individual should posses. Ethical behavior incorporates these characteristics and values: honesty, integrity, promise keeping, loyalty, fairness, respect and concern for others.

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Your grandfather started his own business 52 years ago. He opened an investment account at the end of his third month of busines

Yakvenalex [24]

Answer:

The answer is:D) $226.78

Explanation:

To calculate the amount of money your grandfather deposited every 3 months during 52 years to get $289,209.11 we can use an excel spreadsheet and the payment function =PMT(rate,nper,pv,fv)

where:

rate = 5.73% / 4 = 1.4325%
nper = 52 x 4 = 208
pv = 0
fv = 289,209.11

PMT = $226.78

6 0

3 years ago

Which definition(s) of the money supply include(s) only items which are directly and immediately usable as a medium of exchange?

Gala2k [10]

The definition of money supply which include only items which are directly and immediately usable as medium of exchange is M1. Money supply refers to the entire stock of currency and other liquid assets that are circulating in a particular economy at a particular period of time.
M1 include cash and checking deposits which are very liquid in nature and are suitable as medium of exchange.

7 0

3 years ago

Assume that on November 1, 2019, a 3-month rent payment for $8,000 per month (for a total of $24,000) was made with respect to a

ziro4ka [17]

Answer:

Rent Expense Dr.$16,000

Bank Dr.$48,000

Prepaid Rent Cr.$64,000

Explanation:

The company entered into lease on 1st November 2019 with rent of $8,000 per month. the company on 1st November 2019 recorded prepaid rent as follows; which is wrong

Prepaid Rent Dr. $72,000

Bank Cr. $72,000

This is wrong entry as prepaid rent was overstated by ($72,000-$24,000 ) $48,000 and same like bank was understated by $48,000

The correct entry should have been like this as on 1st November 2019;

Prepaid Rent Dr. $24,000

Bank Cr. $ 24,000

By 31st December 2019, two months rent have already accrued so prepaid rent should be credited by (8000*2+48,000 for additional amount recorded)

So the rectifying entry is; as on 31st December 2019

Rent Expense Dr.$16,000

Bank Dr.$48,000

Prepaid Rent Cr.$64,000

7 0

3 years ago

A stock just paid a dividend of $4.97 and is expected to maintain a constant dividend growth rate of 4.3 percent indefinitely. I

pshichka [43]

Answer:

Explanation:

5 0

3 years ago

Managerial reputation is an _____ incentive that helps to mitigate the _______ principal-agent problem. Multiple Choice

Serggg [28]

Managerial reputation is an External incentive that helps to mitigate the Owner-manager principal-agent problem.

Explanation:

The theory of incentive propose that the behavior of an individual is motivated by the “pull” of external goals, such as rewards, money, or recognition.

In many situations in which a particular goal, such as a promotion at work, can serve as an external incentive that helps activate particular behaviors in an employee

Monetary incentives means to reward the workers for their performance and productivity through money.

Monetary incentives also include employee stock options, profit sharing plans, paid time off, bonuses and cash awards.

So we can say that 

Managerial reputation is an External incentive that helps to mitigate the Owner-manager principal-agent problem.

7 0

4 years ago