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Problem 1: Nivia and her husband buy their first home and Nivia consults with Samir, an insurance agent, about insurance to cover the mortgage should she pass away. While analyzing policies, Samir gets Nivia's file mixed up with another client's file and he accidentally forgets to ask Nivia if her husband has existing coverage with his employer. Two months after Samir recommends and delivers the policy to Nivia, he discovers his omission and realizes that Nivia is now over-insured as a result of his mistake. Which of the following obligations has Samir breached in his business conduct?
a) integrityb) conflict of interestc) duty of cared) competence
Large Land Photo Shop has asked you to determine whether the company’s ability to pay current liabilities and total liabilities improved or deteriorated during 2015. Compute the following ratios for 2015 and 2014, and evaluate the company’s ability t..
Masterson, Inc., which uses a process-cost accounting system, passes completed production from Department A to Department B for further manufacturing. The journal entry to record completed production in Department A requires:
Sasha Company has a level-coupon bond outstanding with a 9% coupon rate, payable annually. The bond has 20 years to maturity and face. What is the bond's value?
An examination of the cost records of the Williams Furniture Company reveals that the materials price variance is favorable but the materials quantity variance is unfavorable by a substantial amount. Illustrate what might this indicate?
YELLOW Corporation acquired investment at amortized cost in GREEN Company. What amount of gain should YELLOW corporation recognize as a result of the disposal?
Barsoux Inc. uses the weighted-average method in its process costing system. Determine the equivalent units of production for materials and conversion costs.
If Victor uses straight-line depreciation with the half-year convention, the book value of the equipment at December 31, 2018 will be
Corporate governance – the more the better? What are the cost associated with corporate governance? What is the boundary of governance?
You can borrow $500 today and repay $575 in two weeks. What is the compound annual rate implied by this 15 percent rate charged for only two weeks?
Robb Industries, Inc. (RII), developed standard costs for direct material and direct labor. In 2004, RII estimated the following standard costs for one of their major products, the 10-gallon plastic container. What is June’s direct material price var..
define the receiables and what is the net income. is there a way to get a reference to go by to know how to answer the
Write short note on Direct debits and standing orders and Debentures and dividends,why is interest allowed on capital and interest charged on drawings
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