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Sonja [21]
3 years ago
11

16. Why are professional associations interested in keeping professional standards high?

Business
2 answers:
elena55 [62]3 years ago
6 0
The right answer for the question that is being asked and shown above is that: "<span>B. Professional associations are forced by law to keep standards high. " </span>professional associations interested in keeping professional standards high because <span>Professional associations are forced by law to keep standards high. </span>
Alex73 [517]3 years ago
5 0

Answer:

The correct answer is C. A few dishonest professionals can hurt the entire profession.

Explanation:

on page 159 of your text book

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Atlantis Inc. is in need for funds for its expansion plan. It approaches Uni Bank with its business plan for financial assistanc
rewona [7]

When Atlantis Inc has Uni Bank source their expansion, they are using a D. external source of funding. An external source refers to something being funded outside of their direct business funds. They are using another company to fund their business expansion which overtime will be paid back to them.

7 0
4 years ago
Which short-term financial managers are involved with selling on credit and are directly responsible to the vice president of fi
gregori [183]

Answer:

The credit manager, and the Controller

Explanation:

The credit manager is responsible for maintaining the credit policy, in order to fulfil this target they are responsible to look at the sales and ensure the credit sales are in the sales limit.

Further that the company do not have the bad debts, it shall verify each customer properly that they have enough funds, and ensure their credibility.

Controller is responsible for maintaining the financial records of accounts, and reporting the transactions to managers.

Accordingly, Credit manager along with controller are directly responsible to the vice president of finance.

5 0
3 years ago
On December 31, 2018, Adelphi Corporation has outstanding 500 shares of $100 par value, 4% cumulative and nonparticipating prefe
alexandr402 [8]

Answer:

$5.50 dividend per share to common stock

Explanation:

In case a company has cumulative preference shares then the company has to pay preference dividend in arrears

Here, preference dividend was not paid in the year 2017

Preference dividend for 2017 = 500 \times $100 \times 4%

= $2,000

Since the dividend is paid in between the year 2018, dividend is paid for the year 2017 and not for 2018 thus preference dividend is for a year, only for 2017

Therefore, dividend to common equity = $35,000 - $2,000 = $33,000

Dividend per share = $33,000/6,000 = $5.50 per share

6 0
4 years ago
The Latimore Company invested $8.5 million in a new plant in Italy when the exchange rate was 1.1500 euros to the dollar. At the
Maurinko [17]

Answer:

Latinmore made money on the exchange rate movement. It was an exchange rate gain of $369,566. The marginal tax impact was $147,826.

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Since the standard practice in accounting is to reflect the current situation of the company, any change in the exchange rate that affects the assets of the company abroad must be recognized. The financial income of exchange gains are registered in the Income Statement and affects the base to pay income tax.

3 0
4 years ago
Franklin has $2,500 in a savings account that pays interest at the rate of 4% annually. how much interest will he earn after one
prohojiy [21]
Interest earned=2,500×0.04=100
7 0
3 years ago
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