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3 years ago

Give an example of an official in public service who failed to show probity, and explain your

Business

1 answer:

Sedbober [7]3 years ago

6 0

Answer:

The perfect and perhaps most commonly known is former U.S. President Richard Nixon.

Explanation:

Nixon was President of the United States from 1969 to 1974, he was elected for two periods, but he only finished one and less than half the other one. The reason is that he was embroiled in the Watergate scandal: an espionage campaign of the Democratic Party from Republican officials, including Nixon himself.

With these acts, Nixon, as the highest public official in the nation, failed to show probity, and dishonored the office of the president. He was quick to renounce the presidency, and would have faced legal challenges if not for his Vice President, Gerald Ford, who became president as his replacement, and issued him a presidential pardon immediately after.

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Gomez Corp. uses the allowance method to account for uncollectibles. On January 31, it wrote off an $1,600 account of a customer

umka21 [38]

Answer: Please see explanation for answers

Explanation:

1. Journal entry to record bad debt on January 31st

Date Account Titles and Explanation Debit Credit

Jan. 31st Allowance for doubtful account $1,600

Account receivables ( Customer C. Green) $1.600

2. Journal entry to record recovery of bad debt on March 9

A) To reinstate Amount previously written off

Date Account Titles and Explanation Debit Credit

March 9 Account receivables ( Customer C. Green) $1,100

Allowance for doubtful account $1,100

B) To record payment of account

Date Account Titles and Explanation Debit Credit

March 9 Cash $1,100

Account receivables( Customer C. Green) $1,100

3 0

2 years ago

What is the difference between reward management and compensation management

Genrish500 [490]

Answer:

Compensation management is the act of distributing some type of monetary value to an employee for their work by means of the company's policy or procedures. ... Reward management consists of analysing and controlling employee remuneration, compensation and all of the other benefits for the employees

8 0

3 years ago

Beach Surf Boards is making a decision on whether to add long boards as a new product line to complement its short boards. A rec

Verizon [17]

Answer:

profit increase by 750 dollars

Explanation:

We must base our analisys considering only the loan board associated cost:

contribution per long board:

300 sales price - 225 variable cost = $75

total contribution for 250 units:

250x$75 = 18,750

increase in fixed cost:

69,000 - 51,000 = 18,000

incremental operating profit:

18,750 contribution - 18,000 fixed cost = 750

4 0

3 years ago

All things equal, diversification is most effective when

labwork [276]

Answer:

D) securities' returns are negatively correlated.

Explanation:

For diversification we want to reduce risk thus, the stocks must be diverse they must be different. That means the situation under one stock increases makes the other incease that way we have a balance portfolio

We need negative correlation among securities.

8 0

3 years ago

Read 2 more answers

Franklin Construction entered into a fixed-price contract to build a freeway-connecting ramp for $54 million. Construction costs

lara31 [8.8K]

Answer:

$15 million

Explanation:

Franklin Construction

Construction costs incurred $54,000,000

Less total estimated costs ($44+$27) $69million

The anticipated loss $15 Million

Franklin will recognize anticipated gross loss of $15 million in the first year if it recognizes revenue over time according to percentage of completion method which is ($54 million contract price less total estimated costs of $69million)

7 0

3 years ago