Part 1. The problem with the manager asking for an adjustment of the bad debt loss to meet the desired bonus is that it is <u>unethical</u>.
<h3>What is ethical accounting?</h3>
Ethical accounting follows the specific rules of the accounting profession and not the personal biases of management.
Accounting ethics deals with the following principles:
- Integrity
- Objectivity
- Professionalism,
- Confidentiality
- Professional competence and due care.
Part 2. The amount that would be recorded as the bad debt expense is $10,560
<h3>Data and Calculations:</h3>
2% of $33,000 = $660
5% of $14,000 = $700
10% of $22,000 = $2,200
25% of $12,000 = $3,000
40% of $10,000 = $4,000
Total $10,560
Part 3. The bad debt expense for the year would be $10,560 if there were no previous balance of the allowance for doubtful accounts.
Part 4. Since the required information is lacking, we can conclude that it is unethical behavior if the bad debt expense must be adjusted to meet the desired bonus target.
Learn more about ethical accounting at brainly.com/question/13396824
#SPJ1
Answer: Market Penetration Pricing.
Explanation:
MPP, Market Penetration Pricing is a where a company uses a strategy to attract customers to their product. Which also means lowing the price for customers to buy their products.
When lowing a price: This strategy is used to attract customers, they buy their product - then if they like it they will keep buying it even if the price is raised. This is a common strategy for tons of company brands.
A perfectly competitive firm earns a profit when price is above the average total cost.
A perfect competitive firm is a firm that operates in a perfectly competitive market. A perfectly competitive market is a market where the goods and services exchanged are homogenous. There is perfect information in this type of market.
In the long run, firms in a perfect competition earn only a normal profit. If in the short run, firms are earning economic profit, new firms would enter into the market. This would wipe out economic profit. In the short run, if an economic loss is been made, firms would leave the industry.
To learn more, please check: brainly.com/question/13761559
Answer:
$900
Explanation:
As $1,000 is deposited in the account by Mr. Y in the Bank A. But the further requirement of the reserve is 0.10. So, it will amounts to:
Amount of reserve requirement = Amount deposited × Requirement of reserve
where
Amount deposited is $1,000
Requirement of reserve is 0.10
= $1,000 × 0.10
= $100
Therefore, the initial amount of the money that created by excess reserve is:
= Amount deposited - Amount of reserve requirement
= $1,000 - $100
= $900
