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marysya [2.9K]
4 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]4 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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You are thinking about investing in a mine that will produce $10,000 worth of ore in the first year. As the ore closest to the s
Agata [3.3K]

Answer:

$100,000

Explanation:

Cash flow = $10,000

Interest rate = 3%

Growth = -7%

Value of this mining operation = Cash / (Rate - Growth)

Value of this mining operation = $10,000 / (3% -(-7%)

Value of this mining operation = $10,000 / 10%

Value of this mining operation = $10,000 / 0.10

Value of this mining operation = $100,000

7 0
3 years ago
What do you mean by veterinarian ? write his/her works<br>​
Mashutka [201]

Answer:

<em>A veterinarian is a medical professional who protects the health and well-being of both animals and people. They diagnose and control animal diseases and treat sick and injured animals. They also advise owners on proper care of their pets and livestock.</em>

6 0
3 years ago
Busy Beaver, Inc. signed a $315,000, 5-year note payable to buy a new industrial veneer cutter. Busy Beaver paid $5,000 cash for
AveGali [126]

Answer:

Machinery asset increase by $320,750

Total asset increase by $315,000

Total liabilities increase by $315,000

Explanation:

As we know that

Accounting equation is

Total assets = Total liabilities + stockholder equity

Since the industrial veneer cutter is purchased for

= Note payable + transportation cost + installation cost

= $315,000 + $5,000 + $750

= $320,750

There is a cash outflow of $5,000 + $750 i.e $5,750 which decrease the assets

But at the same time it also increased the assets by

= $320,750 - $5,750

= $315,000

And, since there is a note payable for $315,000 which also increased the liabilities

7 0
3 years ago
.On February 1, 2018, Middleton Corp. lends cash and accepts a $1,000 note receivable that offers 12% interest and is due in six
Dvinal [7]

Answer:

interest revenue that Middleton Corp. report during 2018 is $20

Explanation:

given data

cash and accepts = $1,000

interest rate = 12% = 0.12

time = 6 month

to find out

How much interest revenue will report during 2018

solution

we get here Interest revenue that is report during 2018 as

Interest revenue report = $1000 × 12 % ×  \frac{2}{12}

Interest revenue report = $1000  × 0.12  ×  \frac{1}{6}

Interest revenue report =  $20

so interest revenue that Middleton Corp. report during 2018 is $20

6 0
4 years ago
Fairchild Garden Supply expects $700 million of sales this year, and it forecasts a 15% increase for next year. The CFO uses thi
postnew [5]

Answer:

Forecast sales = 115% x $700 million = $805  million

Inventory = $30.2 million + .25($805 million) = $231.45 million

Inventory turnover = Forecast sales/Inventory

                               = $805 million/$231.45

                               = 3,48 times

Explanation:

Inventory turnover is the ratio of sales to inventory. Inventory is $231.45 million while forecast sales is $805 million. The division of sales by inventory gives inventory turnover.

3 0
4 years ago
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