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False, since both roles are in the capacity of research and does not compromise results. So there is no conflict of interest in research.
Conflicts of interest are situations in which professional judgments or actions regarding a primary concern, such as a medical researcher's responsibilities, may be easily persuaded by a secondary interest, such as monetary benefit or professional advancement.
Many doctors work full-time for biotech and pharmaceutical companies, as well as medical device manufacturers. They work in research, product development, or administration. In fact, a few of them own the businesses. This is not conflict of interest.
Learn more on conflict of interest-
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Answer:
Economic profit $10,000
Explanation:
Income earned as an assistant professor = Salary + Interest on bonds = 75000 + 5% on 100,000 = 75000 + 5000
Income earned as an assistant professor = $80,000
Income from the bookstrore = $90,000
In calculating economic profit, opportunity costs are deducted from revenues earned.
Economic profit = $90,000 - $80,000 = $10,000
Answer:
inventory value=$ 377,000.00
Explanation:
In applying the rule of the lower cost of cost or net realizable value,we compare NRV(selling price minus cost to sell) with the replacement cost(current price), where the lower of the two is then compared against the original cost of the inventory item as done in the attached.
Value of inventory=$120,000+$126,000+$90,000+$41,000=$377,000.00
