In applying the standards of conduct set forth in the Code of Ethics, internal auditors are expected not be unduly influenced by their own interests in forming judgments.
What is code of ethics?These are what guide the conduct of people or employees in an organization.
Code of ethics are guide of principles that are required to help professionals so that they can conduct their business with integrity.
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The amount of goods and services people can buy with the money they have is called their:__________.
The amount of goods and services people can buy with the money they have is called the Purchasing power.
The worth of a currency is determined by how many goods or services one unit of that currency can be used to purchase. Inflation may cause it to deteriorate over time. This is due to the fact that you may acquire fewer items or services as a result of increased pricing. A currency's buying power is another name for its purchasing power.
The term "purchasing" or "buying power" in the context of investments refers to the dollar amount of credit that a client has in relation to the marginable securities that are currently in their brokerage account. The Consumer Price Index, which tracks changes in the prices of products and services over a period of months or years, assesses changes in consumer purchasing power.
The Consumer Price Index, which was first published in 1921 and is calculated each month using information gathered by the Bureau of Labor Statistics from the Census Bureau, shows changes in the cost of 400 carefully chosen commodities, ranging from food to housing. The Consumer Price Index, which measures changes in the prices of goods listed on it, offers the most accurate estimation of consumer spending power.
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A machine has a cost of $15,000, an estimated residual value of $3,000, and an estimated useful life of four years. The machine is being depreciated on a straight-line basis. At the end of the second year, what amount will be reported for accumulated depreciation?.
The amount reported for accumulated depreciation will be $6000.
What is accumulated depreciation ?
Accumulated depreciation is the entire amount of depreciation expenditure reported on a company's balance sheet for an asset. It is determined by adding the annual depreciation expenditure amounts.
Given:-
cost=$15,000
residual value=$3,000
estimated useful life=4 years
To find:- Amount of depreciation at the end of the second year.
Solution:
[tex]\frac{15,000-3,000}{4}=3000 per year\\3000\cdot2=6000\\[/tex]
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What purpose does the addition of bromine serve in the procedure describe for the isomerization of dimethyl maleate to dimethyl fumarate? provide a mechanistic explanation.
The addition of Bromine isomerises dimethyl maleate into dimethyl femarate using free radical addition mechanism.
Mechanism:-
Dimethyl maleate to dimethyl fumarate using bromine,Dimethyl maleate is extra polar than dimethyl fumarate because it has a dipole moment. In this example, every other solubility factor takes priority, crystal lattice forces.Accepts the free electron and changes its planner shape.
Dimethyl fumarate is used to treat the relapsing kinds of a couple of sclerosis, which include clinically isolated syndrome, relapsing-remitting disease, and energetic secondary revolutionary disorder. This medicinal drug will not therapy, but it can gradual a few disabling outcomes and decrease the variety of relapses of the disorder.
Natural sources of fumaric acid consist of bolete mushrooms, lichen, and Iceland moss. it's also found in papayas, pears and plums, however in very constrained quantities. It changed into first isolated from the plant Fumaria officinalis, that's wherein it derives its name.
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Which of the following is LEAST likely to be considered in establishing the value of a property by the sales comparison approach
The item that is LEAST likely to be considered in establishing the value of a property by the sales comparison approach is capitalization rate.
What is capitalization rate?This is usually associated with real estate, which is the returns on investment or properties hence helps in evaluating a real estate investment. it is the percentage rate of return that a property will produce on the owner's investment.
In other words, capitalized interest refers to interest that is added to some kind of debt and that is included in current balance accounts, as opposed to waiting to figure in the cost of interest.
The capitalization rate are measures, used to estimate and compare the rates of return on multiple commercial real estates, which is calculated as the ratio between the annual rental income produced by a real estate asset to its current market value.
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Sam buys a franchise from Taco Loco Inc. This relationship, like all other franchise relationships, is governed by Group of answer choices the federal Franchise Rule. contract law. applicable state law. all of the choices.
The fact that Sam buys a franchise from Taco Loco Inc means that it is governed by all of the choices.
Which authorities govern franchise deals?As business deals, franchise deals will fall under several levels of government but most especially the state that it occured in.
The federal level will impose the federal franchise rule, and the tenets of contract law will be abided by.
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Suppose that a 20% increase in the price of gasoline causes a 5% decrease in the consumption of gasoline and a 30% drop in the sales of SUVs. What can you say about elasticities?
The elasticity of demand for gasoline is inelastic.
The cross price elasticity of gasoline and SUVs is negative.
What is the elasticity of demand and cross price elasticity?Price elasticity of demand measures the responsiveness of quantity demanded to a change in price of the good. Price elasticity of demand is determined by dividing the percentage change in quantity demanded for a good by the price of that good.
Demand is inelastic if a small change in price has little or no effect on quantity demanded. The absolute value of elasticity when demand is inelastic would be less than one
Price elasticity of demand = percentage change in quantity demanded / percentage change in price
5% / 20% = 0.25
Cross price elasticity of demand measures the responsiveness of quantity demanded of good A to changes in price of good B. . Cross price elasticity is used to determine if two goods are substitute goods or complement goods. If cross price elasticity of demand is negative, it means that the goods are complementary goods.
Cross - price elasticity = -30% / 20% =-1.5
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Odina signs a covenant not to compete with her employer, penultimate sales corporation. a court decides that the covenant is overly restrictive. the court will likely:________
Odina signs a covenant not to compete with her employer, penultimate sales corporation. a court decides that the covenant is overly restrictive. the court will likely: restrict Odina for only a period of time.
What is a covenant not to compete?
This is the covenant that is made by two parties that would have them or one of them agreeing not to compete with the other in terms of the business that is of interest.
The goal is that the other person would not have to compete with the other in a given area over a certain or a definite time period where the other is carrying out their business.
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Adjustment for unearned revenue on august 1, 20y1, newhouse co. received $39,670 for the rent of land for 12 months. journalize the adjusting entry required for unearned rent on december 31, 20y1. round your final answer to the nearest dollar amount. if an amount box does not require an entry, leave it blank
Cash A/c (debit) 39670
To unearned rent A/c (credit) 39670
What is unearned revenue?
Unearned revenue is money that a person or company receives in exchange for a good or service that hasn't yet been provided or performed. It might be considered a "prepayment" for goods or services that a person or company anticipates offering the customer later.
How do you record unearned revenue?
Unearned income should be recorded in your diary as a debit from the cash account and a credit to the unearned income account. This journal entry demonstrates that the company has received payment in cash for a service, but it was obtained on credit as a down payment for upcoming deliveries of goods or delivered services.
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The first step in estimating cash flow is to determine the _________ cash flows.
The first step in estimating cash flow is to determine the relevant cash flows.
Relevant cash flows are inflows and overflows of resources whose thought or ejection in the hypothesis assessment could influence the last endeavor choice.
This really expects that while making your capital spending plan, you will not consider cash or cash that has proactively been committed. Innovative work, factual reviewing, old tedious staff remunerations, and various costs won't be considered along with an errand's expected pay concerning thought for adventure examination.
For example, the cost of credibility studies can't be viewed as a relevant cost since whether the recommendation is supported or excused, the cost will go on as in the past.
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Assume an economy is operating on its production possibility frontier, which shows the production of military and civilian goods. If the output of military goods is increased, the output of civilian goods:
If the output of military goods is increased, the output of civilian goods: must decrease
This is Production Possibilities Frontier
What is Production Possibilities Frontier ?The Production Possibilities Frontier (PPF) is a graph that shows all the different combinations of output of two goods that can be produced using available resources and technology.
The shape of the PPF depends on whether there are increasing, decreasing, or constant costs.Points that lie on the PPF illustrate combinations of output that are productively efficient. We cannot determine which points are allocatively efficient without knowing preferences.Learn more about Production Possibilities Frontier (PPF) here:
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Suppose Baldwin invested in plant and equipment last year. The plant investment was funded with bonds at a face value of $8,000,000 at 12.5% interest and equity of $4,200,000. Depreciation is 15 years straight line. For this transaction alone, which of the following statements are true (select 3 answers)
For Baldwin investing in plant and equipment last with bonds of $8 million at 12.5% and equity of $4.2 million, the true statements are:
3. On the Balance Sheet, Plant & Equipment increased by $12,200,000.5. Depreciation increased by $813,333.7. On the Balance Sheet, Long Term Debt changed by $8,000,000.What are the sources of cash for corporate investments?Corporate investments require cash outlays.
The cash outlays may be sourced internally (through retained earnings and cash) or externally through the issuance of bonds and equity shares.
Thus, for Baldwin's investment, the true statements are Options 3, 5, and 7.
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Question Completion with Answer Options:1. Cash was pulled from Retained Earnings to cover the $4,200,000 difference between plant purchase and bond issue.
2. Cash went down by the amount of the plant purchase.
3. On the Balance Sheet, Plant & Equipment increased by $12,200,000.
4. Buying the plant had no net effect on the Cash account because the plant was paid for by the bond plus Retained Earnings.
5. Depreciation increased by $813,333.
6. Cash went up when the bond was issued by $8,000,000.
7. On the Balance Sheet, Long Term Debt changed by $8,000,000.
8. Since the new plant was funded with debt and equity, on the Balance Sheet, Retained Earnings decreased by $4,200,000, the difference between the investment and the bond issue.
Mrs. kendrick is in good health, has worked for many years and is six months away from turning 65. She wants to know what she will have to do to enroll:________
If She wants to know what she will have to do to enroll: She may enroll in an Medicare plan starting from three months immediately before her first entitlement to both Part A Medicare and Part B Medicare.
What is Medicare plan?Medicare plan can be defined as an health insurance coverage that help to cover the medical expenses or costs of those that enroll under the plan.
Hence, If She wants to know what she will have to do to enroll Mrs. kendrick may enroll in an Medicare plan starting from three months immediately before her first entitlement to both Part A Medicare and Part B Medicare.
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Answer:
Explanation:
She may enroll in an MA plan beginning three months immediately before her first entitlement to both Medicare Part A and Part B.
In pricing a property, what might expired listings tell the real estate professional?
The price at which a property won't sell.
What are expired listings?
The listing agreement has a specified end date when a homeowner hires an agent to sell a house. When this deadline passes without the house selling and without the owner renewing the listing agreement with the real estate agency, the listing expires. Similar to how potential buyers frequently include offer expiration dates when submitting offers to sellers. The offer "expires" and can no longer be accepted by the seller if the offer expiration date passes before the seller accepts.
These are four methods for obtaining leads from expired listings:
Make Use of the Multiple Listing Service (MLS) to find expired listings Buy Expired ListingsAsk Other Real Estate AgentsAccess public records.Learn more about expired listings with the help of the given link:
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The adjusting entry for accrued expenses includes:________
a. a credit to an asset account.
b. a credit to an expense account.
c. a debit to an expense account.
d. a debit to a liability account.
The adjusting entry for accrued expenses includes a debit to an expense account.
Accrued expenses are defined as costs that have already been paid but have not yet been recorded, requiring adjusting entries and the inclusion of costs like interest, salary, and tax expenses. The fact that the date on which salaries are received may not always coincide with the end of the accounting period necessitates an adjustment.
To record employee earnings that have been earned but not yet paid, an adjustment entry for accrued salaries and expenses is created. It's vital to debit wages expenses and credit salaries payable for this purpose.
Hence, option C is the correct option
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What is the effect on the money supply when you sell your shares of microsoft stock? increase m1 no effect on m1 decrease m1 increase m2 decrease m2
The correct option is (b) No effect on M1. When you sell Microsoft Stock, you will receive cash or transfer of cash from the opposing party.
The total amount of money and other liquid assets in an economy on the measurement date is known as the money supply. Both cash and deposits that can be accessed virtually as easily as cash are roughly included in the money supply.
Through a mix of their central banks and treasuries, governments issue coin and paper money. By imposing reserve holding requirements on banks, dictating how to grant credit, and handling other monetary issues, bank regulators have an impact on the amount of money that is available to the general people.
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Answer:
No effect on M1
Explanation:
If the resistance of the resistor in the figure is slowly increased, what is the direction of the current induced in the small circular loop inside the larger loop
If the resistance of the resistor in the figure is slowly increased, the direction of the current induced in the small circular loop inside the larger loop is counter clockwise.
What is the direction of the current?Conventionally, a positive charge would go in the same direction as an electric current. As a result, the battery's positive terminal receives less current in the external circuit than its negative counterpart.Actually, electrons would go in the reverse direction across the cables. This convention may seem a little strange and out of date when one realizes that the real charge carriers in wires are negatively charged electrons.Nevertheless, it is the accepted practice across the globe, and a physics student can quickly get acclimated to it.The average distance covered by a charge carrier in a given amount of time is referred to as drift speed.The distance to time ratio determines an electron's drift speed, which is the same as any other object's speed.A typical electron's travel across a wire could be compared to a chaotic, zigzag path that is characterized by collisions with stationary atoms.Know more about direction of the current https://brainly.com/question/2625601
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________ is a process that spans all organizational business processes and applications.
Master Data Management is a process that spans all organizational business processes and applications.
Master Data Management is a technology-enabled discipline where business and information technology work together to ensure the integrity, accuracy, governance, semantic consistency, and accountability of an organization's publicly shared master data assets.
Master data management (MDM) has four implementation styles, each with different characteristics to suit the needs of different organizations. These include integration, registration, centralization, and ultimately coexistence.
Although master data management applies only to entities and not to transactional data, data warehouses inherently contain both transactional and non-transactional data. The easiest way to think of this is that MDM only affects the data that exists in the dimension tables, not the fact tables.
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Write the Definition in your own words
Cash Basis of Accounting:
Cash basis of accounting is the one that recognizes when cash has been paid and received unlike accrual basis.
What is cash basis of accounting?Cash basis of accounting is the one that recognizes when revenue when received unlike accrual basis.
It is important to know that cash basis of accounting ensures the company always knows how much cash flow it has.
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Cash basis accounting is an accounting method that records revenues and expenses when cash is received or paid.
What differentiates cash basis from accrual accounting method?The cash basis accounting method recognizes revenue and expenses when cash exchanges hands.
On the other hand, the accrual basis recognizes revenue and expenses when performance obligations arise.
Thus, cash basis accounting is a method that recognizes revenue and expenses immediately after cash is received.
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You aimlessly wander the mall nearly every weekend without buying anything. When a mother with a child asks you where the nearest toy store is, you know exactly where to direct her. This is an example of _____.
You aimlessly wander the mall nearly every weekend without buying anything. When a mother with a child asks you where the nearest toy store is, you know exactly where to direct her. This is an example of Tolman's latent learning. This is further explained below.
What is Tolman's latent learning.?Generally, Updated in 2018 by Dr. Saul McLeod. A sort of learning known as latent is one that does not show up in the learner's behavior right away, but comes into play later on, when the right motivation and conditions are in place.
In conclusion, You spend most weekends in the mall wandering around aimlessly without purchasing anything. Because you've been around kids, you know where the closest toy shop is located. Tolman's latent learning is on display here.
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When marketers develop nonphysical aspects of an offering by adding warranties, financing, and after-sales service, they are focusing on the.
When marketers develop nonphysical aspects of an offering by adding warranties, financing, and after-sales service, they are focusing on the augmented product.
An augmented product is what?In order to set an augmented product apart from similar products supplied by competitors, its seller may often add new features or services. A product can be enhanced by adding extra features or benefits that are not directly related to the product itself.
Free delivery or in-home service installation is just a couple of the features that may be added to items to make them more useful. To complement their products, cosmetics companies frequently provide free makeovers and sample sizes.
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Costs, also called differential costs, are the additional costs from selecting a certain course of action.
It is true that Costs, also called differential costs, are the additional costs from selecting a certain course of action.
What is differential costs?Differential cost serves as the difference between the cost of alternative decisions.
Therefore, It is true that Costs, also called differential costs, are the additional costs from selecting a certain course of action and the cost do take place when a business have several similar options,
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Nicolas signed an installment agreement to borrow $1,000 for 3 years to be paid back monthly. The cost of the loan is $195.56. What is the APR
Annual percentage rate or APR is a credit card's interest rate is the price you pay for borrowing money. For credit cards, the interest rates are typically stated as a yearly rate. This is called the annual percentage rate (APR).
Now, According to the Question,
We are Given :-
Amount Financed = $1,000Time = 3 Years, paid back monthlyCost of Loan = $195.56CALCULATION
Finance Charge / Amount Financed =
$195.56 / $1,000 = 19.56
Table factor of 19.56 at 36 periods = 12% APR
Therefore the APR for the borrowed money is 12%
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If a firm increases its plowback ratio, this will definitely result in _______ p/e ratio.
If a firm increases its plowback ratio, based on this information solely it can not be determined what will happen to the p/e ratio.
The amount of earnings left over after dividend payments are measured by the plowback ratio, a fundamental analysis ratio.
The retention ratio is the most frequent name for it.
The payout ratio, on the other hand, measures the amount of dividends paid out as a percentage of earnings.
The plowback ratio shows how much profit is kept within a company rather than distributed to investors.
Plowback ratios are typically greater in younger companies.
These businesses are more committed to business expansion and are growing more quickly.
Businesses that are more established rely less on reinvested profits to grow.
Companies that do not pay dividends have a ratio of 100%, while those that distribute all of their net income have a ratio of 0%.
Hence, the answer can not be determined based on the given information.
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Demand deposits are included in?
Answer:
savings accounts or checking accounts
In a major metropolitan area, one chain of coffee shops has gained a large market share because customers feel its coffee tastes better than that of its competitors.
In this case, buyers view the sellers' products as NOT identical.
What is sellers' products?sellers' products serves the product of a company, that is been branded so as to gain more consumers.
In the case above above even though the product is coffee for both seller , their package and branding is different so therefore, they will attract different numbers of consumers.
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By what authority was the creation and existence of a u. S. National bank deemed legitimate?.
If a group of competitors got together and pulled all their ads from a certain advertising vendor in an attempt to force the vendor to lower his rates that would be considered an offense under _______.
If a group of competitors got together and pulled all their ads from a certain advertising vendor in an attempt to force the vendor to lower his rates that would be considered an offense under boycotting.
Practices like setting pricing, manipulating contract bids, and dividing up customers among companies that ought to be competing for them are all considered violations of the Sherman Antitrust Act. These infractions are crimes. As a result, they risk receiving severe penalties or lengthy prison terms.Price fixing is an antitrust offense per se. Usually, but not always, real estate brokers charge for their services as a percentage of the sales price, or "commission." In addition, they often give a publicly disclosed portion of that commission to a broker who brings in a customer.
What is an antitrust violation central element?
The main components of an antitrust violation are a contract, a conspiracy between or among competitors to unreasonably impede commerce, or a combination of these, even though antitrust can and does take several forms in real estate.
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Quick assets (cash, short-term investments, and current receivables) divided by current liabilities is the: Multiple Choice Current liability turnover ratio. Working capital ratio. Current ratio.
The answer is quick ratio.
The current ratio contrasts the total current assets and liabilities of a business.
Analysts evaluate a company's liquidity using two categories from the balance sheet: current assets and quick assets.
The total of a company's cash and equivalents, marketable securities, and accounts receivable—all assets that represent or are readily convertible to cash are referred to as quick assets.
Since inventories are not included, quick assets are seen to be a more cautious indicator of a company's liquidity than current assets.
The quick ratio measures a company's capacity to pay its current liabilities immediately, without having to liquidate inventory or obtain financing.
Hence, Quick assets (cash, short-term investments, and current receivables) divided by current liabilities is the quick ratio.
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Investigations of money laundering are routinely performed by such agencies as the Federal Bureau of Investigation (FBI), DEA, and the Internal Revenue Service (IRS). However, a recently established investigative unit housed under the Department of the Treasury also conducts such investigations. What is the name of this agency under the Department of the Treasury
Office of Terrorism and Financial Intelligence (TFI is the body that the agency that takes care of money laundering.
What is money laundering?Money laundering has to do with all of the activities that involves the illegal concealment or smuggling of money that was obtained through dubious means.
It is when the money that was taken was meant to be for the people of the nation and it gets to the wrong hands who use it for their own gains and purpose.
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In the Circular Flow example, some Households have Labor (and possibly other) resources which are ______________ and, therefore, they receive fewer Goods and Services in a Market based economy.
In the Circular Flow example, some Households have Labor (and possibly other) resources that are under-employed and, therefore, receive fewer Goods and Services in a Market-based economy.
A circular flow model is a diagram that is used to represent monetary transactions in an economy. It shows how money, goods, and resources move through a market economy.
The circular flow is the exchange of money between firms and households.
The main factors in the circular flow of economic activity are households (or individuals), firms, and the government.
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