<u>The answer is "No".</u>
Legal compliance is regarded as a moral minimum (The base level of moral conduct expected of a business firm, which is normally characterized as consistence with the law) the base worthy standard for moral business conduct.
Business firms are liable to broad government control, practically every activity a firm attempts.
Business chiefs need to continue with alert and assess and activity and its results from a moral point of view.
Based on the provisions of the swap, Party A will pay $6,000 and receive $8,000.
<h3>How much will Party A pay?</h3>
Party A will pay the total return of 6% on the equity index capital:
= 6% x 100,000
= $6,000
<h3>How much will Party A receive?</h3>
Party A is to receive the rate of LIBOR + 3%. LIBOR is 5% so Party A will receive:
= 5% + 3%
= 8%
Total return is:
= 8% x 100,000
= $8,000
In conclusion, Party A will pay $6,000 and receive $8,000.
Find out more on LIBOR at brainly.com/question/26033099.
Again I feel special Twice
Answer:
B. work-in-process inventories.
Explanation:
Partially completed goods that are in the process of being converted into a finish product are defined as work-in-process inventories.
Generally, the work-in-process inventories include the following raw materials cost, direct labor cost and factory overhead cost.
These category of products are only partially completed and as such are waiting for further processing, still undergoing fabrication or kept in a buffer storage.
Answer:
cost of sales has been overstated by $2,700 and;
net income has been understated by $2,700
Explanation:
The movements in the inventory balance between the start and end of a given period is usually due to purchases and sales. This may be represented mathematically as
opening balance + purchases - cost of goods sold = closing balance
The cost of goods sold is an element of the income statement that is usually subtracted from the sales to get the gross profit from which the operating expenses is deducted to get net profit.
Hence understating the ending merchandise inventory balance means that the cost of sales has been overstated by the same amount. This also means that net income has been understated.
