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3 years ago

Companies that adopt the principle of ethical relativism in providing ethical guidance to company personnel:

1 answer:

4 0

The answer is they quickly find themselves on a slippery slope with no higher order moral compass if they operate in countries where ethical standards vary considerably from country to country when companies that adopt the principle of ethical relativism in providing ethical guidance to company personnel.

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Define accounting?Explain the accounting concepts which guide the accountant at the recording stage?

ArbitrLikvidat [17]

The term accounting refers to the recording of a lot of financial transactions. Information are to be stored, sorted, retrieved, summarized, presented, in the forms of reports. Nowadays, recording in the process of accounting is made easy due to the existence of technology.

6 0

3 years ago

On June 1, CamCo received a signed agreement to sell inventory for ¥500,000. The sale would take place in 90 days. CamCo immedia

Reil [10]

Answer:

Explanation:

The spot rate shows the current value of the foreign currency (yen) and the forward rate shows the expected future price of the foreign currency (yen). Forward contracts are not recorded at the date of the sale, the contract should be recorded in 90 days at $2,135 (= $.00427 x ¥500,000).

6 0

3 years ago

Suppose there is an ordinary deductible of $40 and the maximum payment by the insurer is $130. Determine the standard deviation

Sedaia [141]

An automobile owner has 40% chance of having exactly one accident in a year and 60% chance of having no accidents in a year. There is no chance that the automobile owner incurs more than one accident in a year.

If there is an accident, the loss amount has the following distribution:

Loss amount & Prob

30 0.3

60 0.15

100 0.45

180 0.1

Suppose there is an ordinary deductible of $40 and the maximum payment by the insurer is $130.

Determine the standard deviation of the payment made by the insurer to the automobile owner.

Answer:

The answer is 32.437

Explanation:

Let X be the loss and let Y be the payment by the insurer.

Hence, we have Y = o if x<= 40,

x-40 if 40 < x < 130

130 if x > = 170

Therefore, Var (y) = E (y^2) - [E(y)]^2

E(y) = 0.4[130 (0.1)+60 (0.45) +20 (0.15)] = 17.2

E(^2) = 0.4 [130^2(0.1) + 60^2(0.45) +20^2(0.15)] = 1348

Finally, Var(y) = 1348 -17.2^2 = 1052.16

Sqrt(1052.16) = 32.437

Therefore, the standard deviation of the payment made by the insurer to the automobile owner is 32.437

5 0

3 years ago

1. Does the selected business have differentiated products or services? If so, what is the basis for this differentiation from t

Brut [27]

Answer: You can know if you have differentiated products if we have a quality that stands out from the other competitors.

For example: Our service time is less than the competition and we also give gifts to our buyers, things that the competition does not do.

The basis for differentiation is to look for that quality that the competition does not have and that adds value to what we are doing.

8 0

3 years ago

The 2008 balance sheet of Maria's Tennis Shop, Inc., showed $2.9 million in long-term debt, $770,000 in the common stock account

Naddika [18.5K]

Answer:

OCF = -$1,670,000

Explanation:

To calculate this, the following are first calculated:

Cash flow to creditors = Interest expense - (Long-term debt in 2009 - Long-term debt in 2008) = $230,000 – (3,500,000 – 2,900,000) = -$370,000

Cash flow to stockholders = Dividends paid – ((Common stock in 2009 + Additional paid-in surplus in 2009) - (Common stock in 2008 + Additional paid-in surplus in 2008)) = $550,000 – (($985,000 + $8,250,000) – ($770,000 + $6,000,000)) = -$1,915,000

Cash flow from assets = Cash flow to creditors + Cash flow to stockholders = -$370,000 - $1,915,000 = $2,285,000

The the firm's 2009 operating cash flow, or OCF can now be calculated as follows:

Cash flow from assets = OCF - Net working capital investment - Net capital spending

-$2,285,000 = OCF - (-$165,000) - $780,000

-$2,285,000 = OCF + $165,000 - $780,000

OCF = -$2,285,000 - $165,000 + $780,000 = -$1,670,000

3 0

3 years ago