Answer:
The correct answer is letter "B": This is an ethical dilemma because both the customer and the company have legitimate concerns.
Explanation:
An ethical dilemma is situation that entails an apparent mental conflict between moral legitimate concerns, in which one would transgress another. These concerns can be refuted in different ways, for instance by showing that the alleged ethical dilemma is only apparent and does not actually exist, or that the solution to the ethical dilemma involves choosing the greater good and the lesser evil.
Answer:
Journal Entry to record the purchase of the carts on June 1:
June 1:
Debit Maintenance Equipment $1,500
Credit Accounts Payable $1,500
To record the purchase of 2 maintenance carts on account.
Explanation:
a) Data and Analysis:
June 1 Maintenance Equipment $1,500 Accounts Payable $1,500
June 8 Cash $500 Unearned Service Revenue $500
June 15 Utility Expense $300 Utility Payable $300
June 20 Accounts Receivable $1,500 Service Revenue $1,500
June 30 Cash $500 Accounts Receivable $500
Answer: $480,000 is the taxable income for year 5 reported by Paring report.
Given:
Pretax financial income = $550,000
Current tax expense = $144,000
Effective income tax rate is 30%
Taxable income is computed as :
Taxable income = Tax expense ÷ Current tax rate
Taxable income = $144,000 ÷ 30%
<u><em>Taxable income = $480,000</em></u>
In this scenario, Marie focuses on <u>efficiency.</u>
<u>Explanation:</u>
Efficiency is the ability to produce or do something with less amount of effort. Efficiency results in producing the favorable outcome by reducing the time and effort and minimizing or avoiding waste.
Focusing on the work and avoiding distraction can help the individual to improve efficiency.
Marie focuses on efficiency to achieve the established goals of the company at minimal costs. She wants her teammates to work efficiently to reach the target at lower expense.
Answer:
C. Both a Macro Economist & Micro Economist
Explanation:
Micro Economics is the study of single individual consumer, firm, industry. Eg-Single commodity price.
Macro Economics is the study of all consumers, firms & industries - studying economy as a whole. Eg: General price level.
Impact of higher tax can be on :
- On supply, demand of that particular good on which tax is levied (concern of Micro Economics). Micro Economic Concept Eg: Supply is inversely related to tax component of 'government policies' factor.
- On aggregate demand, aggregate supply of the economy as a whole (concern of Macro Economics). Macro Economic Concept Eg : AD = C+I+G+NX, government expenditure decrease (tax increase) reduces AD.
So: Impact of higher tax can be examined by both Micro Economist & Macro Economist, depending upon the kind of study.
