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Romashka [77]
3 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]3 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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Myriad Solutions, Inc. issued 12% bonds, dated January 1, with a face amount of $420 million on January 1, 2021, for $375,505,45
faust18 [17]

Calculation

Period   Cash Interest   Bond Interest    Discount     Carrying  

 End          paid            Expense         Amortization     Value

 01-Jan-21                                                            $375,505,452            

30-Jun-21 $25,200,000 $26,285,38 $1,085,382 $376,590,834

1-Dec-21 $25,200,000   $26,361,358  $1,161,358  $377,752,192

Total    $50,400,000     $52,646,740

3 0
3 years ago
Read 2 more answers
Consider a small country that is closed to trade, so its net exports are equal to zero. The following equations describe the eco
PtichkaEL [24]

Answer:

this is government alargar effect

5 0
4 years ago
Today, a firm has a stock price of $14.26 and an EPS of $1.15. Its close competitor has an EPS of $0.48. What would be the expec
serg [7]

Answer:

$5.952

Explanation:

For the computation of expected price of the competitor's stock first we need to find out the P/E ratio of a firm which is shown below:-

P/E ratio of a firm = Stock price ÷ Earning per share

= $14.26 ÷ $1.15

= $12.4

Price of competitor's stock = P/E ratio of a firm × Earning per share

= $12.4 × $0.48

= $5.952

Therefore for computing the expected price of the competitor's stock we simply applied the above formula.

7 0
3 years ago
Tora Co. plans to produce 1,020 units in July. Each unit requires two hours of direct labor. The direct labor rate is $20 per ho
kompoz [17]

Answer: $40,800

Explanation:

Each unit requires 2 hours of direct labor.

1,020 units would therefore require:

= 1,020 * 2

= 2,040 hours of labor

The direct labor rate is $20 per hour. If there are 2,040 hours to be worked, the cost would therefore be:

= 20 * 2,040

= $40,800

7 0
3 years ago
Katherine gives piano lessons for $20 per hour. She also grows flowers, which she arranges and sells at the local farmer’s marke
Debora [2.8K]

Answer:$100

Explanation:

Accounting profit is total earnings less total cost.

Accounting profit = Total revenue - Total cost

$150 - $50 = $100

Economic profit = Accounting profit - Opportunity cost

$100 - ($20 ×5) = 0

6 0
4 years ago
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