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SpyIntel [72]
2 years ago
10

I was working on a trading desk. One year, my team did not make its number, which meant no bonuses and maybe even some of us wou

ld be fired. My boss was a good friend of the head of our division so the head agreed to “reallocate” some of the profit from other teams to ours. So my team got a bonus. When I asked my boss about the ethics of this action, she was annoyed that I was not just grateful. What ethics traps did I face? What should I have done? What is the best way to implement my decision?
Business
1 answer:
Elodia [21]2 years ago
6 0

The ethics trap that is faced here would be contemplating to accept the reallocation because rejecting it may mean trouble and even lead to a lose of our jobs.

<h3>What is meant by ethical trap?</h3>

This is the term that has to do with the circumstances that may lead an individual to do away with the core values and the principles that they have. The trap here is that I may lose my job or may not have any bonus but accepting is going against the ethics and the values that I may hold special.

What should have been in this situation would have been to come clean in the first place so as to avoid going against ethics and the principles of the profession. The best way to do this would be to go to the head of division and explain the situation at hand to him.

Hence we can say that The ethics trap that is faced here would be contemplating to accept the reallocation because rejecting it may mean trouble and even lead to a lose of our jobs.

Read more on ethics here:

brainly.com/question/13969108

#SPJ1

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You need to borrow money and you are considering two loans. The terms of the two loans are equivalent with the exception of the
kolbaska11 [484]

Answer:

For Loan A = 3.170%

For Loan B = 3.174%

Loan B has a higher effective annual rate.

Explanation:

The computation of effective annual rates for the loans is shown below:-

For Loan A

We will assume effective annual rate is a

Stated rate(r) = 3.125% compounded monthly

= Number of periods in an year n = 12

So,

(1 + a) = (1 + r ÷ n) × n

= a = (1+0.03125 ÷ 12) × 12 - 1

= 0.03170

or

= 3.170%

For Loan B

We will assume the effective annual rate is b

Stated rate (r) = 3.15% compounded semi annually

= Number of periods in an year n = 2

So

(1 + a) = (1 + r ÷ n) × n

= a = (1 + 0.0315 ÷ 2) × 2 - 1

= 0.03174

or

= 3.174%

From the above calculation we can see that Loan B, is greater than Loan A and has a higher effective annual rate.

7 0
3 years ago
In comparing the canceled checks on the bank statement with the entries in the accounting records, it is found that check number
Arlecino [84]

Answer:

Utility expense is excess debited in accounting record by $ 180 and credted to cash by $ 180, So the journal entry to adjust the bank reconcilation would be

Cash debit $ 180, utilities credit by $ 180

6 0
3 years ago
The automobile industry in a developing country has very few available brands. Of one automobile company raises the prices of it
WINSTONCH [101]

Answer:

correct answer is Oligopoly

Explanation:

this is an example of Oligopoly

because of Oligopoly

it is a market structure with many small companies and no company keep others by the significant influence  

so as the company is characterized by some seller and if one company will increase the price and other company also follow suit

it is an example of Oligopoly

so correct answer is Oligopoly

3 0
3 years ago
Economic growth in the south asian realm has come about mostly as a result of
olga_2 [115]
I had to look for the options and here is my answer:
 The result of the economic growth in the South Asian boundaries has come about mostly on NEOLIBERAL REFORMS or NEOLIBERALISM. This is also known as the market-oriented type of reform. Hope this helps.
6 0
3 years ago
On January 1, 2018, Jay Company acquired all the outstanding ownership shares of Zee Company. In assessing Zee’s acquisition-dat
raketka [301]

Answer:

consolidated income statemnt interest expense: 14,500

net long-term debt consolidaded: 232,500

Explanation:

Jay thinks the long-term debt carries a discount.

Which makes the fair value 20,000 less, thus increasing hte interest expense.

amortization on discount: 20,000 / 8 = 2,500

interest expense in the consolidated statement:

12,000 + 2,500  = 14,500

adjusted balance ofthe discount: 20,00 - 2,500 = 17,500

long term debt: 250,000

discount on debt<u>  17,500 </u>

net                    232,500    

5 0
3 years ago
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