Answer: Hello There!.................
It causes you to put yourself in the other person's shoes and gives you a new perspective. Contrast honest or dishonest with legal or illegal business practices. ... It keeps people from doing things that may be ethical to them but unethical to everyone else.
Explanation:
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Answer:
Purchase
Treasury Stock $255,000 (debit)
Cash $255,000 (credit)
Sale 1.
Cash $108,000 (debit)
Common Stock $108,000 (credit)
Sale 2.
Cash $98,000 (debit)
Common Stock $98,000 (credit)
Sale 3.
Cash $43,000 (debit)
Common Stock $43,000 (credit)
Explanation:
<u>When a Company purchases its own shares</u>
De-recognize the Assets of Cash and also de-recognize the Equity item Treasury Stock.
<u>When a Company sales its own shares</u>
Recognize the Assets of Cash and recognize the equity item Common Stock.
Answer:
The answer is: "be wiling to drive across town to save 10 percent on a guitar with a list price of $320".
Explanation:
As Micheal is willing to drive across town to save $32 on the sweat shirt ( calculated as list price x discount = $80 x 40%), it means that the total cost he incurred, including the income earning he sacrifices because of the time of travelling, the fuel, parking expenses and other costs..., should not be as much as $32.
So, he will be willing to drive across town to buy things as long as it save him $32 or above.
Thus, the choice "be wiling to drive across town to save 10 percent on a guitar with a list price of $320" is correct because he can save $32 (320 x 10%).
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The choice: "not be wiling to drive across town to save 40 percent on a microwave with a list price of $200" is not correct because he can save up to $80 ( 200 x 40%) which is above his total cost.
The choice:" be wiling to dive across town to save 40 percent on a book with a list price of $30" is not correct because he can only save only $12.
The choice: "not be wiling to dive across town to save $35 on a shirt with a list price of $70" is not correct because he can save up to $35.