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3 years ago

4. Describe and demonstrate some of the similarities and differences between principles and values.

Business

1 answer:

deff fn [24]3 years ago

6 0

Answer:

Principles are defined as the traditions and philosophies found in societies that often mediate the behavior of people when interacting with others. In other words, principles represent the objective realities and expected norms that enable fairness, integrity, and honesty. For example, an apple that falls from a tree will also land on the ground as a result of gravity and represents an expected norm.

Values are defined as the subjective beliefs of individuals on issues and ideas. More specifically, values are an expression of opinions that people often adapt to different situations or may change over time.

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The major purpose of the federal reserve buying government securities in open market operations is to

noname [10]

The major purpose of the Federal Reserve buying government securities in open market operations is to allow banks to increase their lending. The Federal Reserve system is the central bank of the United States. It performs different functions to keep the effectiveness of the U.S. economy and the public interest operational.

4 0

3 years ago

Valli Company uses the percentage of sales method for recording bad debts expense. For the year, cash sales are $700000 and cred

marshall27 [118]

Answer:

Adjusting entry Valli Company will make to record the bad debts expense:

Debit Bad Debts Expense $25,000

Credit Allowance for Doubtful Account $25,000

Explanation:

Valli Company uses the percentage of sales method for recording bad debts expense. Bad debts expense is calculated by using the following formula:

Bad Debts Expense = % Estimated Bad debts × Credit Sales

In Valli, Credit sales are $2,500,000 and % estimated is 1%.

Bad Debts Expense = 1% x $2,500,000 = $25,000

The adjusting entry to record the bad debts expense will be:

Debit Bad Debts Expense $25,000

Credit Allowance for Doubtful Account $25,000

6 0

3 years ago

Lyons Company deducts insurance expense of $210,000 for tax purposes in 2021, but the expense is not yet recognized for accounti

Goryan [66]

Answer:

$42,000

Explanation:

Deferred tax liability can be defined as the tax liability which has been due for the current period but has not yet been paid such as installment sales receivable.

Insurance expense of $210,000

Tax rate of 20%

( $210,000 × .20 )

=$42,000

Therefore the amount of the deferred tax liability at the end of 2021 will be $42,000

6 0

3 years ago

Jean told her stockbroker to purchase 300 shares of stock of company abc at $20 per share. the fee that the stockbroker charges

Varvara68 [4.7K]

Jean told her stockbroker to purchase 300 shares of stock of company abc at $20 per share. The fee that the stockbroker charges for this service is called Commission. Hence, option D is correct.

<h3>Who is stockbroker?</h3>

Stockbroker is the person who execute the shares and invest in them on the behalf of their clients. Stockbroker has certain knowledge about the trading of shares, so using their ability of understanding the stock market.

Many of the stockbroker works for the firm or company and handle their customer's accounts and do tradings.

Thus, option D is correct.

For more details about Stockbroker, click here:

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a. Dividend

b. Yield

c. Net Proceeds

d. Commission

6 0

2 years ago

Moor Company: If overhead is applied to production basis of direct labor cost, what predetermined overhead rate was in effect du

snow_tiger [21]

Answer:

The predetermined overhead rate for machine hours is calculated by dividing the estimated manufacturing overhead cost total by the estimated number of machine hours

Explanation:

if the annual budget is based on a production quantity of 10,000 units and the direct labor required for each unit is three hours, the total direct labor is 10,000 x 3 or 30,000 hours. The total overhead expenditure is then divided by the total labor hours to arrive at the overhead rate.

5 0

4 years ago

4. Describe and demonstrate some of the similarities and differences between principles and values.​

4. Describe and demonstrate some of the similarities and differences between principles and values.