Adam was unable to finish high school because he needed to go to work to help his family financially. This forms a Non-formative type of influence
This is further explained below.
<h3>What is a Non-formative type of influence?</h3>
Generally, The term "nonnormative effects" refers to those that do not affect each member of a set in the same manner. Nonnormative suggests it does not affect everyone in the same way in the culture, while normative suggests it does (or not at all).
In conclusion, Adam dropped out of school before he could graduate from high school because he had to start earning money to support his family. This is an example of a non-formative impact.
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Answer:
The accounting cost and the economic cost associated with Joe's computer software business is $75,00 and the $165,000 respectively.
Explanation:
The computation of the accounting cost and the economic cost is shown below:
Accounting cost = Other Expenses + Salary paid to himself
= $35000 + $40,000
= $75,000
Economic cost = Accounting cost + Salary expense + Rent expenses
= $75,000 + $65,000 + $25,000
= $165,000
Answer:
$136,539.57
Explanation:
The present value of the project can be determined by using the cfj function of a Financial calculator as follows :
$0 CF0
$10,000 CF 1
$23,000 CF2
$33,000 CF3
$42,000 CF4
$55,000 CF5
I/YR = 5 %
Then SHIFT NPV gives $136,539.57
therefore,
the present value of the project is $136,539.57
Answer and Explanation:
Purpose of Ethics- Ethical codes are the fundamental principles that accounting professionals choose to abide by to enhance their profession, maintain public trust, and demonstrate honesty and fairness.
Nature of Ethics- Independence and objectivity, Integrity, Confidentiality, professional confidence and professional behaviour.
Role of Ethics:
Understanding the ethical frameworks for independence, integrity, confidentiality and professional competence can help decision-making & enhance reputation of the field of accounting.