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Ann [662]
3 years ago
5

Janet reasons, "It is wrong to lie. However, it is okay to overstate my expense account on my recent business trip because I nee

d the money, and my company has not given me a raise in the past year." In this scenario, Janet is an employee who views ethics as _____.
a. moral absolutism.
b. relative.
c. a double-barreled argument.
d. universal.
Business
1 answer:
Sunny_sXe [5.5K]3 years ago
3 0

Answer:

B) relative

Explanation:

Ethical relativism is the philosophy that suggests this morality is proportional to the values in one's own society. Which is, whether an act is correct or incorrect relies on the moral standards of the community where it is carried out.... The only ethical standards on which the actions of a society could be assessed is its own.

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Which business letter feature is found at the top of the page?
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The heading goes at the very top of the page, along with your name and address. So heading is correct. Good luck.

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What Xmas product did Sir Henry Cole produce in 1843?
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Which government agency is in charge of regulating the sale of stocks and bonds? A. The Interstate Commerce Committee
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8 0
3 years ago
Equity Method for Stock Investment On January 4, Year 1, Ferguson Company purchased 108,000 shares of Silva Company directly fro
r-ruslan [8.4K]

Answer:

a)

January 4, year 1, investment in Silva Company (36% of outstanding stocks)

Dr Investment in Silva Company 5,184,000

    Cr Cash 5,184,000

July 2, year 1, distributed dividends ( $292,000 x 36%)

Dr Cash 104,400

    Cr Investment in Silva Company 104,400

December 31, year 1, net income reported by Silva Company ($971,000 x 36%)

Dr Investment in Silva Company 349,560

    Cr Revenue from investment in Silva Company 349,560

b)

Balance of Investment in Silva Company = $5,184,000 - $104,400 + $349,560 = $5,429,160

Explanation:

Since Ferguson exercises significant influence over Silva Company, they must record the investment using the equity method.

7 0
3 years ago
Companies A and B each have the same level of total assets, the same tax rate, and the same earnings before interest and taxes (
anygoal [31]

Answer:

a.Company A has a lower return on assets (ROA).

c.Company A has a lower times interest earned (TIE) ratio.

That is options a and c

Explanation:

For company A to have high debt ratio means it has a higher debt which will reduce earnings. Company A's earnings will be less than Company B's.

ROA= Net income/Total assets

Since Company A's income is less than Company B's ROA for Company A will be less than that for Company B.

TIE = Earnings before Interest and Tax/Interest

Due to higher debt of company A it's interest will be higher resulting in low TIE.

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