A duty to place a client's interest above the professional's own interests is known as:

A) a professional relationship.
B) duty of care.
C) solicitor-client privilege.
D) fiduciary duty.
E) a legal responsibility.

What is the domestic exchange equation of Italy?

Because a monopoly market lacks the benefits of competition,many governments regulate monopolies.

Dunstan Corporation is considering a capital budgeting project that involves investing $450,000 in equipment that would have a useful life of 3 years and zero salvage value. The company would also need to invest $20,000 immediately in working capital which would be released for use elsewhere at the end of the project in 3 years. The net annual operating cash inflow, which is the difference between the incremental sales revenue and incremental cash operating expenses, would be $220,000 per year. The company uses straight-line depreciation and the depreciation expense on the equipment would be $150,000 per year. Assume cash flows occur at the end of the year except for the initial investments. The company takes income taxes into account in its capital budgeting. The income tax rate is 30%. The after-tax discount rate is 11%.Click here to view Exhibit 14B-1, to determine the appropriate discount factor(s) using the table provided.Required:Determine the net present value of the project. Show your work!

English-speaking readers typically start scanning at the top right side of the main content area of a website.

Anchor Corporation has two service departments, Personnel and Engineering, and two operating departments. The costs of the Personnel Department are allocated to other departments on the basis of the number of employees in the departments. Departments and number of employees are as follows: Costs in the Personnel Department total $765,000 per year.Suppose the company uses the step-down method and Personnel Department costs are allocated first. The amount of the Personnel Department cost allocated to the Engineering Department would be closest to:

A) $85,000
B) $0
C) $90,000
D) $102,000

All of the following statements apply to a purely competitive market in the long run, except

A) in the long run, all inputs are variable in quantity.
B) firms can expand their plant capacities in the long run.
C) total fixed costs remain constant even when output expands in the long run.
D) firms may enter or leave the industry in the long run.