Answer:5. All of the above
Explanation: A compliance program is a set of policies,guildline,rules and standard operating agreement/ procedure put in place within an organization to ensure effective handling of activities. All the stated are features of an effective compliance program like Establishment of compliance standards of conduct and procedures,overall compliant oversight, due care in delegation of authority ( a necessary feature to ensure competent persons are delegated), monitoring and auditing, conducting effective communication channels, conducting effective training, responding and addressing failures).
I would give them advice :
a. Assign R&D the project of developing gear that meets basic needs for warmth and dryness but can be manufactured inexpensively.
c. Research what people with annual incomes of less than US $1,500 really need.
d. Recruit local people to work as salespeople and distributors.
Explanation:
A disposable income is the total of cash household funds available for expenditures and investments after tax on income is accountable. The disposable income also called disposable personal income (DPI).
The figures suggest that Switzerland has almost double that of United States ($3.258) the highest taxable monthly income ($6,301).
The $100 remaining in your savings fund after all the debts have been charged is an example of disposable income.
Answer:
$48,000
Explanation:
Given that,
Ending owner's equity = $70,000
Beginning owner's equity = $45,000
Owner's withdrawals = $23,000
There were no new capital contributions during the year.
Net income (loss):
= Ending owner's equity - Beginning owner's equity + Owner's withdrawals
= $ 70,000 - $ 45,000 + $ 23,000
= $48,000
Therefore, the net income for the year is $48,000.
Answer:
Dr Amortization Expense $3,000
Cr Patents $3,000
Explanation:
Preparation of the journal adjusting entry on December 31 to recognize the amortization.
Dec. 31
Dr Amortization Expense $3,000
Cr Patents $3,000
(To record Amortization)
Amortization=(Patent rights/Useful life)*6/12
Amortization=($36,000/6)*6/12
Amortization=$3,000
(July 1 to Dec 31 =6months)
