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Romashka [77]
2 years ago
15

The management accountant's responsibility under the Institute of Management Accountants (IMA) Statement of Ethical Professional

Practice includes the responsibility to "mitigate actual conflicts of interest." This responsibility fits within which of the four standards in the IMA Statement?
A) Communication.
B) Integrity.
C) Honesty.
D) Quality.
E) Confidentiality.
Business
1 answer:
elixir [45]2 years ago
8 0

Answer:

B) Integrity.

Explanation:

The Institute of Management Accountants is body, they are regarded as association for financial professionals and they were recognized globally.

The Four standards that is Been set up as ethical conduct in management accountants in IMA are;

✓competence

✓ confidentiality

✓integrity

✓credibility

Integrity which is one of the standards is essential, it involves the accountant been honest and be forthright when handling financial information of clients.

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swift Oil Company is considering investing in a new oil well. It is expected that the oil well will increase annual revenues by
lianna [129]

Answer: 25.22%

Explanation:

Given that,

Annual revenue = $134,000

Annual expenses = $76,000

Oil well cost = $449,000

Salvage value = $11,000

Annual net income = Annual revenue - Annual expenses

= $134,000 - $76,000

= $58000

Average Investment = \frac{449000 + 11000}{2}

= $230000

Annual rate of return =  \frac{58000}{230000}\times100

= 25.22%

4 0
3 years ago
One of the advantages of having a savings account is that the money can be used for emergency purposes, whereas money in bonds,
valentina_108 [34]
TRUE. Hope this helps!
4 0
2 years ago
Read 2 more answers
The impact of corruption and fraud on an individual​
Gwar [14]

Answer:

The answer is below

Explanation:

The impact of corruption and fraud on an individual​ is numerous, whether it is coming from a company or a state.

Usually, the impact of corruption and fraud on individuals makes such individuals have a wrong perception of the situation.

If the individual is at the wrong end of corruption and fraud, such individual would miss many opportunities, including access to employment, good health care systems, be exposed to the inefficient quality of standard of living, and many more. Hence, such an individual would believe that little to nothing works in his immediate environment.

In the same vein, if such an individual is gaining from fraud and corruption, he would believe the situations are right for him, and that it is perfectly normal to cheat, lie, and bribe his way through to success. Hence, such an individual would see the world as the best fraudster or most corrupt rules the world and it would be a normal thing to him.

4 0
2 years ago
Your large firm is about to change to a customer centered organization structure in which employees who have rarely had customer
nevsk [136]

Answer:

a sample from workers who had contact with the customers already

7 0
3 years ago
Lakeside Inc. produces a product that currently sells for $57.60 per unit. Current production costs per unit include direct mate
Sidana [21]

Answer:

It is convenient to make the changes.

Explanation:

Giving the following information:

Selling price= $57.60 per unit.

Direct materials= $22

Direct labor= $24

Variable overhead= $11.00

Fixed overhead= $11.00.

New costs:

Direct material cost= 22*1.2= $26.4

Direct labor cost= 24*1.2= $28.8

<u>I suppose that the selling price will increase by $40.</u>

To determine whether the changes increase profit or not, we need to calculate the unitary contribution margin per unit for both options:

Contribution margin= selling price - unitary variable cost

Actual Contribution margin:

Contribution margin= 57.6 - (22 - 24 - 11)= 0.6

New contribution margin:

Contribution margin= 97.60 - (26.4 - 28.8 - 11)= $31.4

5 0
2 years ago
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