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Romashka [77]
3 years ago
12

A Chinese toy manufacturer has received criticism by people in the surrounding community who have complained about the pollution

and chemicals emitted into the air and water. The company is following all local and national laws and regulations for environmental standards. Which of the following statements about the company's actions is most accurate regardless of one's personal or cultural values?
a. The company is acting ethically and legally because companies cannot be restricted by governments with regard to how they perform operations in their own organization.
b. The company is acting ethically because "ethics" and "legal compliance" mean the same thing (are synonymous). In other words, if a company is not violating any laws, it is acting ethically.
c. The company is complying with local laws, but the issue of whether it is acting ethically is debatable and more difficult to answer definitively. In other words, differing individual and cultural values could influence one's perceptions of whether the company's actions are ethical.
d. The company is acting unethically and should be forced to shut down its operations. A company should never pollute the environment in any way regardless of the laws.
Business
1 answer:
madam [21]3 years ago
3 0

Answer: option C

Explanation:

option C

The company is complying with local laws, but the issue of whether it is acting ethically is debatable and more difficult to answer definitively. In other words, differing individual and cultural values could influence one's perceptions of whether the company's actions are ethical.

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Ashley is not happy.   (is this the full question?... it looks like it is missing the last sentence
7 0
3 years ago
J Crane, Ltd. is a local coat retailer. The store’s accountant prepared the following income statement for the month ended Janua
kari74 [83]

Answer:

                                                J Crane, Ltd

                           Contribution Margin Income Statement

                           For the Month ended January 31 YY

                                                                      $                       $

Sales revenue                                                                 750,000

Less Variable cost :

Cost of goods sold                                  300,000

Selling expenses                                     19,500

Admin Expense                                      <u> 37,500</u>

                                                                                       <u>  357,000 </u>                

Contribution Margin                                                        393,000

Less Fixed cost :

Selling expense                                       4,060

Administrative expense                         <u> 12,000</u>

                                                                                       <u>  16,060 </u>

Net income                                                                     <u> </u><u>376,940</u>

<u />

<u>Working:</u>

Number of Coat sold = 750,000/250 = 3000 coats

Variable costs:

Selling expenses = 6.5 x 3000 = 19500

Admin Expense = 750,000 x 5% = 37,500

Fixed cost:

Selling expenses = 23560 - 19500 = 4060

Admin Expense = 49,500 - 37,500 = 12,000

4 0
3 years ago
On June 30, 2024, the Esquire Company sold some merchandise to a customer for $54,000. In payment, Esquire agreed to accept a 7%
Paraphin [41]

The income before income taxes is 2024 understated by $1,890 and 2025 overstated by $1,890.

<h3>Income before taxes</h3>

Esquire Company journal entries

June 30, 2024

Debit Note receivable            $54,000

Credit Sales                              $54,000                  

Dec 31, 2024

Debit Interest receivable       $1,890

Credit Interest Income           $1,890

($54,000 x 7% x6/12)

March 31, 2025

Debit Cash      $56,835                      

Credit Interest receivable          $1,890

Credit Interest income          $945

($54000 x 7% x 3/12 )

Credit Note Receivable    $54,000

Therefore the income before income taxes is 2024 understated by $1,890 and 2025 overstated by $1,890.

Learn more about Income before taxes here:brainly.com/question/14644556

brainly.com/question/17005057

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5 0
2 years ago
Underwater, Inc. had a flood in its plant that destroyed most of its inventory. Its records show that beginning inventory was $2
nata0808 [166]

Answer:

$ 16,875

Explanation:

Beginning Inventory $  20,000  

Purchases                 $ 250,000  

Sales                         $ 300,000  

Gross Profit:                          35%  

 

<u>Inventory before flood determination</u>:

<em />

<em>Cost of Sales ( 100% - 35% ) x Sales  </em>

 

<em> = ( 1 - 0.35 ) x 300.000   --->   Cost of Sales </em>

<em> =  195,000 </em>  

 

Sales         300,000.00         100%

Cost         <u>195,000.00</u>         65%

Gross Profit: 105,000.00         35%

 

Beginning Inventory    $    20,000  

Purchases               $  250,000  

Sales                            -$   195,000  

Inventory before flood:  $  75,000  

 

Inventory before flood:    $     75,000  

Inventory damaged sold: $    -7,500  

Net Loss:                    $    67,500

<u>Insurance Reimbursement</u>: $ 50,625.00 ( 67,500 x 75% )

 

<u>Net Loss from flood</u>: $ 16,875 ( 67,500 - 50,625 )

5 0
3 years ago
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Ierofanga [76]

Answer:

Cafeteria Plan

Explanation:

This compensation plan allow employee to choose benefit of their choices from the number benefit available

8 0
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