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1 year ago

From both a legal and ethical standpoint, you have an obligation to pay for credit purchases.

Business

1 answer:

Luda [366]1 year ago

7 0

The correct answer is option (a) True

The statement is True From both a legal and ethical standpoint, you have an obligation to pay for credit purchases.

Ethics can be characterized as a set of ethical standards or rules of conduct that give direction for our behavior when it influences others.
Broadly recognized essential moral standards incorporate genuineness, reasonableness, constancy, and care and regard for others. Moral conduct takes after those standards and equalizations self-interest with both the coordinate and the backhanded results of that behavior for other people.
Not as it were does unscrupulous behavior by people have genuine individual consequences—ranging from work misfortune and reputational harm to fines and indeed jail—but deceptive conduct from advertise members, speculation experts, and those who benefit financial specialists can harm financial specialist believe and subsequently impede the supportability of the worldwide capital markets as a entirety.

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At December 31, Hawke Company reports the following results for its calendar year.

kodGreya [7K]

The adjusting entries for acknowledging the bad debts would be:

a). Bad Debts Expense $50 640

Allowance for Doubtful Accounts $50 640

b). Bad Debts Expense $48089.1

Allowance for Doubtful Accounts $48089.1

Bad debts:

Bad debts are described as debts that are unable to be recovered from their respective debtors.

The key reasons for this could be:

The debtor is bankrupt and cannot pay the amount.
The debtor flees away and thus, can't be compelled to pay.

The given amounts are obtained as follows:

a). Given that,

Bad debts is 1.5% of credit sales.

Credit Sales = $3,376,000

Bad debts = 1.5% of $3,376,000

∵ Bad debts = 1.5/100 * $3,376,000

= $50 640

b). Given that,

Bad debts = 1 % of total sales.

Total Sales = Credit sale + Cash sale

= $3,376,000 + $1,432,910

= $4808910

Bad debts = 1% of 4808910

∵ Bad debts = 1/100 * $4808910

= $48089.1

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3 0

3 years ago

How did you feel while you were discussing your inventories with your family members

Law Incorporation [45]

Felt pretty alright yo

5 0

3 years ago

The amount of amount of deadweight loss as a result of the tax is:______

klio [65]

Answer:

D. $5,000

Explanation:

This deadweight in a lot of cases are seen to occur especially when demand and supply are not in equilibrium and in and in the above scenario, it is pegged at $5000. Therefore sometimes consumers experience shortages, and producers earn but they'd otherwise.

Taxes are also seen in the creation of deadweight loss because they prevent people from engaging in purchases they'd otherwise make because the ultimate price of the merchandise is above the equilibrium value. If taxes on an item rise, the burden is commonly split between the producer and therefore the consumer, resulting in the producer receiving less cash in on the item and therefore the customer paying the next price.

3 0

2 years ago

Marketing ________ sports involves the strategic marketing efforts of companies in which they partner with a sports entity for s

melamori03 [73]

'Marketing through sports involves the strategic marketing efforts of companies in which they partner with a sports entity for some commercial benefit.

Marketing strategy is the process that enables a company to focus its limited resources on the greatest opportunities to increase sales and achieve a sustainable competitive advantage.

Marketing activities are the resources companies spend to promote their products and services. Through marketing activities, businesses can generate demand and interest in their products and increase awareness among potential customers.

marketing strategy helps you discover areas that will be impacted by business growth, thereby helping you create organizational plans that address customer needs. It helps organizations appropriately price their goods and services based on information gathered through market research.

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6 0

2 years ago

, suppose the book value of the debt issue is $70 million. In addition, the company has a second debt issue on the market, a zer

vlada-n [284]

Answer: See explanation

Explanation:

a. The company's total book value of debt will be:

= Value of debt + Value of zero coupon bonds

= $70 million + $100 million

= $170 million

b. The market value will be:

= Quoted price × Par value

= ($70 × 1.08) + ($100 × 0.61)

= $75.6 + $61

= $136.6 million

c. The aftertax cost of debt will be:

= (1 - Tax rate) × Pre tax cost of debt

= (1 - 35%) × 5.7%

= 65% × 5.7%

= 3.7%

5 0

3 years ago