Answer:
a. $(3,881)
Explanation:
Gain on sale of fixed assets is an income. To be included in the operating section of the cash flow statement, we need to deduct the gain. The disposal of the fixed assets will go to the investing section. As the gain of the sale of assets is already added to the net income in the income statement, it will be deducted to make the accounting procedure transparent. Therefore, <em>option A</em> is correct.
Explanation:
In this case, Nike is incorporating corporate governance into its business model, which is defined as a model for managing companies using the best market practices, using transparency, equity and social and environmental responsibility as essential parameters.
Companies today are no longer perceived by society as merely profitable entities, it is a social demand that companies assist in the development of society and minimize their impacts on the environment.
When companies develop programs to support society and sustainability, it guarantees the advantages of being better positioned in the market, attracting more investors, adding more value to its products and services and gaining a strategic and competitive advantage in the market.
Answer:
$250,000
Explanation:
50,000 units × $5 per unit = $250,000
Answer:
The human rights violated was the Americans with Disability Act (ADA)
Explanation:
The Americans with Disability Act (ADA) which became effective in 1990 is a a civil rights act that prohibits any form of discrimination based on disabilities. The civil rights law also covers for employees with disabilities which include both mental and physical conditions.
As stated by the Equal Employment Opportunity Commission, some disabilities included in the ADA civil rights law include; autism, diabetes, multiple sclerosis, bipolar disorder and many others.
From the case stated above, the cashier, a diabetic ate a bag of potato chips without paying but paid as soon as her shift ended which led to the termination of her appointment.
She ate the chips without paying because she realized her blood glucose level was low and was about to have a hypoglycemia attack.
Her employer knew of her disability but still went ahead to fire her, violating her ADA civil rights.
Knowing about her disability, they would have accommodated her seeing that she prevented an impending emergency (hypoglycemia attack). No matter how strict the organization’s policies are, they should be flexible especially with disabled people.
Answer:
The journal entry is as follows:
On September 30,
Bonds payable A/c Dr. $1,000,000
Loss on bonds retirement A/c Dr. $20,000
To Discount on bond $10,000
To cash A/c $1,010,000
(To record the bonds payable and retirement)
Workings:
Loss on bonds retirement:
= (Cash + Discount on bonds) - Par value of callable bonds
= ($1,010,000 + $10,000) - $1,000,000
= $1,020,000 - $1,000,000
= $20,000
