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3 years ago

What are the main issues to be addressed in a business code of ethics required by the Securities and Exchange Commission

Business

1 answer:

Hatshy [7]3 years ago

7 0

Answer:

Conflicts of interest, full and fair disclosures, legal compliance, internal reporting of code violations and accountability.

Explanation:

The main issues to be addressed in a business code of ethics as required by SEC securities and exchange commission are conflicts of interest, full and fair disclosures, legal compliance , internal reporting of code violations and accountability.

With regards to the above, businesses are expected to fully disclose conflict of interest if there is any to SEC. The reason is to monitor the activities of the business whether it has deviated from its original plan. Again, it is expected of business to completely disclose facts as it relates to its dealings with members of the public in a fair manner.

Again, a business as required by SEC must comply legally to the regulations as instituted by relevant governing bodies. A business must also be accountable at all times for its actions or inactions.

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Liquidating Partnerships—Deficiency Prior to liquidating their partnership, Wakefield and Barns had capital accounts of $105,000

sammy [17]

Answer:

Liquidating Partnerships

a. The amount of Barn's deficiency is:

= $5,000.

b. The amount distributed to Wakefield, assuming that Barns is unable to satisfy the deficiency is:

= $40,000.

Explanation:

a) Data and Calculations:

Sharing of profits and losses = 1:1

Wakefield Barns Total

Capital account balances $105,000 $55,000 $160,000

Proceeds from partnership assets = 40,000

Loss from sale of partnership assets = 120,000

Sharing of loss equally -60,000 -60,000 -120,000

Capital account balances $45,000 ($5,000)

Distribution to Wakefield 40,000

Barn's capital account deficiency $5,000

b) When Barn is not able to satisfy his capital deficiency after the equal sharing of the loss from the sale of the partnership assets, the amount distributed to Wakefield is reduced by Barn's deficiency. Therefore, Wakefield will be paid cash of $40,000 since there are no liabilities.

8 0

3 years ago

Why is project management so important in any field?

Masteriza [31]

Project management is important because it ensures proper expectations are set around what can be delivered, by when, and for how much. ... Effective project managers should be able to negotiate reasonable and achievable deadlines and milestones across stakeholders, teams, and management.

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3 years ago

You recently launched a news website which is expected to be visited by millions of people around the world. You chose to deploy

Zinaida [17]

Answer:

C. Edge location

Explanation:

AWS Global infrastructure consists of multiple geographical locations. The locations are known as regions which provide a way to built highly fault tolerant infrastructures. AWS Global Infrastructures consists of four components; Availability Zones, Regions, Edge Locations and Regional Edge Caches.

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3 years ago

What are the elements of the gap in the London hotel luxury market?

iogann1982 [59]

The elements of the gap in the London hotel luxury market are airport hotels, business hotels, suite hotels and resorts etc.

<h3>What elements in the London hotel luxury market?</h3>

The world luxury hotel market center is mainly on the type and geographical segment. The luxury hotels type segment includes airport hotels, business hotels, suite hotels, resorts, and others (eco-hotel and serviced apartments). The fashion agency is trying to enter China's booming luxury market.

The emotional relation between luxury hospitality and creating that 'home-from-home' feeling that is linked to the result, the service, and the people. Together they generate a guest experience that is special to the brand and the property. Luxury hotels should have at least one full-service, Michelin-starred restaurant, and ideally more than one.

So we can conclude that the luxury market is a market for expensive goods that are not required but are bought for contentment.

Learn more about luxury hotels here: brainly.com/question/17329032

#SPJ1

8 0

1 year ago

TransactionsUnitsUnit Cost a. Inventory, Beginning 4,000 $24 For the year: b. Purchase, March 5 10,000 25 c. Purchase, September

Komok [63]

Answer:

Explanation:

1. Number of goods available for sale = Beginning Inventory + Purchase, March 5 + Purchase, September 19 = 4,000+10,000+6,000 = 20,000 units

Cost of goods available for sale = Beginning Cost of inventory + Cost of Purchase, March 5 + Cost of Purchase, September 19 = 4,000×24 + 10,000×25 + 6,000×27 = 96,000+250,000+162,000 = $508,000

2. Number of units in ending inventory = Number of units available for sale - Number of units sold = 20,000-4,200-9,000 = 6,800 units

3. Calculations are attached

Income statement FIFO:

Sales $937,800 (4,200×69 + 9,000×72)

Less: Cost of Goods Sold ($326,000)

Gross profit $611,800

Less Operating expense $602,000

Net income $9,800

Income statement LIFO:

Sales $937,800 (4,200×69 + 9,000×72)

Less: Cost of Goods Sold ($342,000)

Gross profit $595,800

Less Operating expense $602,000

Net loss $($6,200)

Income statement LIFO:

Sales $937,800 (4,200×69 + 9,000×72)

Less: Cost of Goods Sold ($334,092)

Gross profit $603,708

Less Operating expense $602,000

Net income $1,708

**Cost of goods sold:-

Under FIFO = 96,000+5,000+225,000 = $326,000

Under LIFO = 105,000+162,000+75,000 = $342,000

Under weighted average method = 103,782+230,310 = $334,092

6. LIFO method minimize taxes

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3 years ago