Explanation:
Compliance-based ethical code
1. Non-Disclosure agreement
2. Behavior especially towards women employee
3. Timings and other administrative procedures
4. Any other which might create a legal issue
Compliance-based ethics codes are guidelines that instruct employees about expected behavior in an organization and specify penalties for violations. An example includes rules against insider trading.
The ethical codes that inform employees about the expected behavior and outline the penalties for any violations can be called compliance-based ethics codes. These codes are designed to set clear standards for professional behavior within an organization and to ensure employees adhere to laws and regulations. They typically spell out consequences for breaches of the code to underscore the seriousness of ethical conduct.
An example of a compliance-based ethics code would be rules restricting employees from insider trading, with harsh penalties such as dismissal or legal action for any violation.
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A deficit due to more monies flowing in from investors
A surplus due to greater amounts of income from exports
A surplus due to more government spending on building roads
Answer:
A deficit due to improving nationwide public transportation
Explanation:
Fiscal policy is the instrument by which the government collects taxes to use resources in areas that require public investment. When the government spends more than it collects, there is a deficit. To finance this deficit, one of the government's alternatives is to raise taxes. On the contrary, when the government spends less than it collects, there is a surplus. In this case, the government could lower taxes.
In the case narrated, the government raises taxes. Therefore, this is feasible to cover the public account deficit. Fiscal faith only refers to direct government spending in areas of public interest, such as transportation, education, health, welfare, and so on. The relationship between the government and the financial market is not considered in the fiscal deficit, it is separated into another specific account. Therefore, the only correct alternative is that the government has raised taxes to cover the fiscal deficit of transport infrastructure spending, which is a sector that requires direct government investment.
b) B, I, RES
c) RES, I, B
d) B, RES, I
Answer:
a) I, RES, B
Explanation:
Mainly there are four types of financial statements i.e Income statement, statement of retained earning, balance sheet and the cash flow statement
In the income statement, the total revenues and the total expenses are recorded.
If the total revenues are more than the total expenditure then the company earns net income.And, If the total revenues are less than the total expenditure then the company have a net loss
This net income or net loss would reflect in the statement of the retained earning account.
The statement of retained earning represent the beginning balance, net income or net loss and dividend amount. These items are used to calculate the ending balance of the retained earning account.
In the balance sheet, the assets, liabilities, and stockholder equity is recorded. In this the accounting equation is used which is shown below:
Total assets = Total liabilities + stockholder equity
The debit and credit side of the balance sheet should always be equal and balanced.
Moreover, it always is prepared on the specified date.
The cash flow statement involves three activities i.e operating, investing and the financing activities
1. Operating activities: It includes those transactions which affect the working capital, and it records transactions of cash receipts and cash payments.
2. Investing activities: It records those activities which include purchase and sale of the fixed assets
3. Financing activities: It records those activities which affect the long term liability and shareholder equity balance.
Hence, option a is correct
The financial statements for a business—Income Statement, Retained Earnings Statement, and Balance Sheet—are generally prepared in this order due to the dependency of each statement on the previous one's information. The process begins with the Income Statement, moves on to the Retained Earnings Statement, and concludes with the Balance Sheet.
The three financial statements—Income Statement (I), Retained Earnings Statement (RES), and Balance Sheet (B)—are typically prepared in the following order: first, the Income Statement; second, the Retained Earnings Statement; and lastly, the Balance Sheet. The reason for this order is that each statement builds upon the previous one.
Income Statement (I) is prepared first because it summarizes the company's revenues, expenses, and net income for a specific period. Reflecting the firm's operating performance over that period, it provides the necessary figures to prepare the Retained Earnings Statement (RES).
The Retained Earnings Statement (RES) illustrates changes in retained earnings for the same period as the income statement. It takes the net income from the Income Statement and applies it to the formula Beginning Retained Earnings + Net Income – Dividends = Ending Retained Earnings. The RES then provides the ending retained earnings needed for the Balance Sheet (B).
Finally, the Balance Sheet (B) is prepared. It relies on information from the previous two statements, providing an overview of the company's financial position at a specific point in time. The Balance Sheet lists the company’s assets, liabilities, and shareholders' equity, which includes the ending retained earnings from the Retained Earnings Statement.
As such, the order for preparing these statements would be option (a) I, RES, B.
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A scaffold, in terms of construction, refers to any temporarily elevated platform and its supporting structure used to assist workers in reaching heights.
In the context of buildings and construction, a scaffold is best described as option D: Any temporarily elevated platform and its supporting structure. Scaffolds are temporary structures erected to support access or working platforms. They are commonly used in construction to help workers perform tasks at heights that would be otherwise hard to reach. Scaffolding systems can be made from many materials including steel, wood and aluminum. Scaffold systems generally include a platform for workers to stand on, and a framework of support to hold the platform in place.
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B) Payer.
C) Beneficiary.
D) Insured.
b. unilateral
c. mutual
d. rescission
e. fraudulent
Answer:
The correct answer is (B)
Explanation:
The unilateral mistake can incorporate various parts of the agreement including explicit laws, facts, or term definitions. Going into a legitimate agreement necessitates that the two gatherings completely comprehend the terms and duties of the agreement. A case of a unilateral failure happens when one of the gatherings does not understand every aspect of the agreement. Unilateral failures will in general be more typical than bilateral when managing contracts.
The question incomplete! The complete question along with answer and explanation is provided below.
Question:
Eagle Life Insurance Company pays its employees $.30 per mile for driving their personal automobiles to and from work. The company reimburses each employee who rides the bus $100 a month for the cost of a pass. Tom, in his Mazda 2-seat Roadster, collected $100 for his automobile mileage, and Mason received $100 as reimbursement for the cost of a bus pass.
a. What are the effects of the $100 reimbursement on Tom's and Mason's gross income?
b. Assume that Tom and Mason are in the 24% marginal tax bracket and the actual before-tax cost for Tom to drive to and from work is $0.30 per mile. What are Tom's and Mason's after-tax costs of commuting to and from work?
Explanation:
a.
For Tom:
He is required to include the $100 in gross income therefore, he would have to pay after-tax cost on the reimbursement.
For Mason:
He is not required to include the $100 in gross income due to qualified transportation fringe.
b.
For Tom:
Marginal tax = 24%
The after-tax cost of commuting = 0.24*$100 = $24
The before-tax cost of commuting = $0 (since he was reimbursed)
For Mason:
The after-tax cost of commuting = $0
The before-tax cost of commuting = $0 (since he was reimbursed)