Answer:
The correct answer is loyalty.
Explanation:
The fiduciary duty is the legal obligation to act in the interest of another.
The law prohibits the fiduciary from acting in any manner detrimental to the interests of the client, which is entitled to the best efforts of the fiduciary, while the fiduciary must exercise all the care and diligence at his disposal when acting on behalf of the client.
For its part, the breach of the fiduciary duty is when a fiduciary does not fulfill his responsibilities and obligations. In most cases, a third party will handle the claim of the breach of trust to ensure that it is handled correctly. The trustee may also be removed from the position and ordered to pay fines or other forms of compensation to the principal.
Even if a fiduciary claims that he was not aware of his responsibilities, he will still be charged with breach of fiduciary duty if he fails to fulfill his obligations.
Answer:
the government impact the economy in four different ways by producing goods and services ,including roads and national defense .less than half of federal spending is devoted to the production of goods and services
As 1 year goes up his age goes down by 1 year, so. in 1990 he is 15 and if 5 years go by he will lose 5 years off his age and vice versa
Answer:
The predetermined overhead rate for May should be: $18.70 per direct labor hour
Explanation:
Predetermined Overhead rate is the rate that is used to allocate Overheads to Departments or Jobs.
<em>Predetermined Overhead rate = Budgeted Overheads / Budgeted Activity</em>
= $134,640/7,200
= $18.70 per direct labor hour
If the investment turnover is 1.20 for one of its investment centers, the return on investment must be: 39.72%.
Using this formula
Return on investment = Profit margin ×Investment turnover
Where:
Profit margin=33.1% or 0.331
Investment turnover=1.20
Let plug in the formula
Return on investment = 0.331×1.20
Return on investment = 0.3972×100
Return on investment = 39.72%
Inconclusion If the investment turnover is 1.20 for one of its investment centers, the return on investment must be: 39.72%
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