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marysya [2.9K]
3 years ago
6

Jack Barnes is the CEO of Graphics Prints and Art, Inc. Jack was scheduled to take an important customer on a hunting trip for t

he weekend, and the company made and prepaid for the arrangements at an exclusive hunting lodge. At the last minute, the client canceled the weekend. Jack took his wife and went anyway, at company expense. Jack's administrative assistant is concerned about the trip and the cost to the company. When she raises the issue with Jack, he responds, "There is nothing wrong with what I did. For all I do for this company, all the time I spend away from my family, don't you think I deserved that weekend?" Which of the following applies to this situation?
a. Jack is correct. There is nothing wrong with what he did. There is no ethical issue here.
b. Jack is correct because as CEO he is able to make final decisions in situations such as this client cancellation.
c. Jack has slipped into the leadership syndrome of having great discretion and few checks and balances on his activities.
d. All of these are correct.
Business
1 answer:
Norma-Jean [14]3 years ago
8 0

Answer:

The answer is: DEPENDS, more information is needed

Explanation:

More information is needed about the refunding or rescheduling policies of the company that rented the hunting lodge in order to make a decision on this case.

If  there was no possibility of refunding of rescheduling, then Jack probably made the right decision. The company had already paid for the trip and the client cancelled the trip, not Jack. Jack probably needs to inform the board about his actions, but I find them not only correct but also logical.

But if the company could have rescheduled the trip or get their money back, then Jack acted improperly. He is not the company, not even Steve Jobs could decide freely over Apple. What he did was wrong and his power to make decisions should be revised and control systems should be established.

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If the demand for a good is estimated to be _____, then firms producing the good will experience an increase in total revenue if
m_a_m_a [10]

Answer: elastic

Explanation:

Elastic demand is a demand that occurs when the quantity demanded for a product or service results in a greater percentage change when there is a change in price.

For example, when there's a fall in price, this will lead to large change in quantity demanded for the good. Since there's an increase in the quantity demanded, it will lead to increase in revenue.

7 0
3 years ago
Get-away Inc. is a vacation planning company. It provides various holiday packages, such as camping outdoors, adventure sports,
galben [10]

Get-away represents lifestyle segmentation.

<h3>What is lifestyle segmentation?</h3>
  • Customer lifestyle segmentation is the technique of breaking each customer's information into small sub-groups.
  • These sub-groups are created using data from each and every consumer.
  • These groups are formed in order to make conclusions regarding customer preferences, likes, and dislikes.
  • One method of market segmentation is lifestyle segmentation.
  • It is directly related to psychographic segmentation.
  • The AIO is the most extensively utilized instrument for lifestyle segmentation (Activities, interests, and opinions).
  • The idea is to target one or more lifestyle categories with your marketing mix.

Therefore, Get-away represents lifestyle segmentation.

Know more about lifestyle segmentation here:

brainly.com/question/13686011

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8 0
2 years ago
The adjusted trial balance for China Tea Company at December 31, 2021, is presented below:
olchik [2.2K]

Answer:

Kindly check attached picture

Explanation:

Given the details below

Accounts Debit Credit

Cash $16,000

Accounts receivable 162,000

Prepaid rent 10,000

Supplies 31,000

Equipment 370,000

Accumulated depreciation $129,000

Accounts payable 11,000

Salaries payable 3,500

Interest payable 1,900

Notes payable (due in two years) 37,000

Common stock 210,000

Retained earnings 176,100

Dividends 27,000

Service revenue 360,000

Salaries expense 150,000

Advertising expense 75,000

Rent expense 18,000

Depreciation expense 32,000

Interest expense 2,500

Utilities expense 35,000

Totals $928,500 $928,500

Prepare an income statement for China Tea Company for the year ended December 31, 2021

Kindly check attached picture

8 0
3 years ago
Which of the following best describes a trial balance?
Lubov Fominskaja [6]

Answer:

A

Explanation:

In the accounting process extracting a trial balance is the final step.

8 0
2 years ago
A stock has an expected return of 13.5 percent, its beta is 1.40, and the expected return on the market is 11.5 percent. What mu
uranmaximum [27]

Answer:

The risk free rate is 6.50%

Explanation:

The required rate of return is the minimum return that investors demand/expect on a stock based on the systematic risk of the stock as given by the beta. The expected or required rate of return on a stock can be calculated using the CAPM equation.

The equation is,

r = rRF + Beta * (rM - rRF)

Where,

  • rRF is the risk free rate
  • rM is the return on market

As we know the figures for r, Beta and rM, we will input these figures in the equation to calculate risk free rate.

Let risk free rate be x.

0.135 = x + 1.4 * (0.115 - x)

0.135 = x + 0.161 - 1.4x

0.135 - 0.161  =  x - 1.4x

-0.026  =  -0.4x

-0.026 / -0.4 = x

x =  0.065 or 6.50%

r = 0.1475 or 14.75%

6 0
3 years ago
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