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pishuonlain [190]
3 years ago
10

Bill spent most of his month’s allowance for expensive tickets to a rock concert after Lorene said she would go with him. On the

morning of the event, Lorene phoned and said she was terribly sorry, but Tony, the high school’s fullback, had also asked her to go and she “just couldn’t say no.” Did she breach a contract? Could Tony be held legally liable if he knew Lorene had already promised to go with Bill? Was Lorene’s conduct ethical? If Tony knew Lorene had already promised to go with Bill, was Tony’s conduct ethical?
Business
1 answer:
aksik [14]3 years ago
8 0
<span>Tony did not breach a contract because it was all up to Lorene and who she wanted to go with. Lorene is not obligated to go with either. Although Bill spent most of his allowance, he could still ask someone else, sell his ticket and or even go by himself. I do not think Tony could be held liable even if he knew. It was not a nice thing to flake on Bill, but ultimately, it was Lorene's decision to make.</span>
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Karen and Ethan execute the same roles and responsibilities at their organization. However, Ethan earns more than Karen. Under t
Arturiano [62]

Answer:

The answer is B. Ethan has more experience than Karen.

Explanation:

Now, lets take each Answer option separately and see why only B is correct.

Option A is no longer legally accepted or ethical. Perhaps during the era of segregation back in 1960s' this option could have been acceptable. But today it is illegal and is considered as a violation of basic human rights.

Option C is not correct as well because although people with special needs and physical requirements are entitled to receive certain special treatments, paying them more solely based on their disability is not considered suitable nor ethical.

Option D is unacceptable. No one can assume that men have more stamina than women. There are competent, strong and qualified women who can do their jobs much better than men. So we cannot accept this as an answer.

Option E is incorrect as well. Although a person could be an immigrant, once that person has lawfully taken the citizenship of a country, that "immigrant" is considered as a "citizen" of that country (this is not applicable for illegal immigrants!).

However, we can take option B as the answer. This is because when comparing a new employee with a more experienced employee, we can't see any problem in paying the experienced employee more.

4 0
3 years ago
Which of these products or services is likely to have an inelastic supply in the short run?
7nadin3 [17]
This would be a.cargo ships.
7 0
3 years ago
Read 2 more answers
On december 31, planet company acquired 80% of the voting common stock of star company by issuing 100,000 shares of its own comm
zavuch27 [327]

Answer:

Building with fair value of $150,000

Explanation :

In the consolidation work paper elimination, we eliminate the Equity or Net Identifiable assets that exist in Star Company at the Acquisition Date.

The Building with fair value of $150,000 was the only balance sheet item existing thus this is ultimately the Net Identifiable Assets that would be eliminated.

6 0
3 years ago
1. Do you believe that auditors should be held liable for failing to discover fraud in situations such as ZZZZ Best, where top m
Gnoma [55]

Answer:

1.No,the Auditors should not be held liable for failing to discover the fraud.

2.The red flags in ZZZZ Best case are Account receivables,Current liabilities and Notes payables.

Explanation:

1. The auditors responsibility is to state if the financial statement prepared shows a true and fair view,and to vet compliance to statutory guidelines.They may detect fraud in the course of their audit,they can recommend but are not responsible to put control measures in place to prevent such. The management are responsible for the preparation of the financial statement and safeguarding of asset, consequently, liable for the content therein.

2. The sales were made on cash basis before the period in question,a major change in policy as such should have been well measured

3 0
3 years ago
Derrick Iverson is a divisional manager for Holston Company. His annual pay raises are largely determined by his division’s retu
zloy xaker [14]

Answer:

1. $80,855.50

2. 16.89%

Explanation:

The computations are shown below:

1. The computation of the Net present value is shown below  

= Present value of all yearly cash inflows after applying discount factor + salvage value - initial investment  

where,  

The Initial investment is $5,150,000

All yearly cash flows would be

= Net operating income + depreciation expense

= $870,000 + $765,000

=  $1,635,000

The yearly cash flows would be

= Annual cash flows × PVIFA for 5 years at 17%  

= $1,635,000 × 3.1993

= $5,230,855.50

Refer to the PVIFA table

Now put these values to the above formula  

So, the value would equal to

= $5,230,855.50 - $5,150,000

= $80,855.50

b. The formula to compute the simple rate of return is shown below:

= Annual net operating income ÷ Initial investment

= $870,000 ÷ $5,150,000

= 16.89%

6 0
3 years ago
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