To find simple interest:
Time = Interest/(Principle)(Rate)
Interest is the amount of interest paid
Principle is the amount you lent or borrow
Rate is the percentage of principle charged as interest each year
Time is the years of the loan
P=Principle amount of $1,500
I=Interest amount of $1,200 (Take the new amount of $2,700 and subtract from the principle that is $1,500 which gives you $1,200)
r= as a decimal .15 (15%/100)
t=unknown
T=I/PR
T=1,200/(1,500)(.15)
T=1,200/225
T=5.3 years
It would take Lance roughly 5.3 years
Answer:
The reason is that the Pauline's parents are performing parental orders which includes the imposition of conditions. These imposed conditions and rules for the children are for their benefit and will help them in forming habits and protect themselves from the world evil beings. All the habits structuring of Pauline which her parent desire are of immense importance for her future life. Neither of the condition or rule mentioned in the case are unethical and are what a proactive person possesses and are also desirable. This shows that the parents are working hard with their children to let them have a good set of habits and reflects good parenting. Though initiallt it seems that the liberty of Pauline is diminished but will ensure its future safety and liberty in the long run. People have choice to drink wine but this doesn't mean that the childrem must also taste them. This is because its not good for health and that the lack of good parenting will affect them most.
Answer:
The correct answer is C
Explanation:
Finished goods are those goods which have been finished or completed through the process of the manufacturing or purchased or bought in the completed form, but not sold yet to the customers.
The finished goods cost or expense is considered to be a asset which is short term in nature, which is expected to be sold in less than a year or period.
So, when the company sold the goods that worth $54,000 to the manufacture for $150,000, this will lead to decrease in the finished goods of the company which worth $54,000.
Answer:
D, balanced scorecard
Explanation:
A balanced scorecard is a management strategy in which managers are able to assess the amount of job done by employees under their area of control.
It also helps to see whatever complications or success that are as a result of the job done by the employees.
A balance scorecard involves the satisfaction of customers by how much time, quality of service, performance of service, among other things. Also, the balance scorecard is helps to focus on some other important roles that could affect customer satisfaction.
Cheers.
Answer:
Bribery in the world of business typically happens when an organization or representative of an organization gives financial benefits to an official to gain favor or manipulate a business decision - True.
Bribery is the giving or offering of items of value (especially money) to a government official in exchange for favorable treatment. Bribing is unethical and illegal, but it is common practice in many countries, so common that it is expected.
The Foreign Corrupt Practices Act was implemented in the aftermath of disclosures that businesses were violating the IMA Code of Ethics - True.
In the seventies, U.S. Government investigations found that hundreds of U.S. companies operating abroad had turned to bribery in order to gain the favor of foreing officials. This conduct is related to the statement explained above: bribery is pervasive in many countries around the world.
Managers are required to follow specific rules issued by the IMA for internal financial reporting. - False.
The IMA Code of Ethics does not provide specific rules for financial reporting (these specific rules are found instead either in the Generally Accepted Accounting Principles (GAAP) or in the or in the International Financial Reporting Standards (IFRS)).
The IMA Code of Ethics instead provides principles, or ethical guidelines, to be followed by participants in the management accounting profession.
Ethics is more than obeying laws - True.
Ethics goes beyond what is legally right, and is more related to what is morally right. An ethical person should do the right thing even if there is no legal code explicitely telling him to do so.
The Sarbanes-Oxley Act addressed public company accounting reform. - True
This act added requirements for public accounting firms, and included legal penalties including possible jail time for certain types of misconduct. The Act was enacted following major accounting scandals such as Enron.
