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ExtremeBDS [4]
3 years ago
11

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 _____.
Business
1 answer:
attashe74 [19]3 years ago
7 0
The above scenario is an example of an employee who applies RELATIVE ETHICAL STANDARDS to fit the situation at hand.

It is absolutely true that what she is doing is wrong. However, she justified her wrongdoing to make it right into her way of thinking. Instead of thinking that she is stealing from the company, she justifies it as an increase in her pay though not given willingly.
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Assume that on September 30​, 2017​, AirUS​, an international airline based in​ Germany, purchased a Jumbo aircraft at a cost of
kaheart [24]

Answer:

A.7,650,000

B.2,677,500

C.17,000,000

Explanation:

DATA:

purchase cost = 42,500,000

Useful life = 5 years

Estimated useful life in miles = 5,000,000 miles

Salvage value = 4,250,000

Actual useful life in miles = 350,000miles

Solution

A. Depreciation (straight-line)= \frac{Cost-residualvalue}{Usefullife}

   Depreciation( straight-line)= \frac{42,500,000-4,250,000}{5}

   Depreciation( straight-line)= 7,650,000

B Depreciation (units of production)= (cost-Salvage value) x \frac{Actualunits}{Estimatedunits}

  Depreciation (units of production)= (42,500,000-4,250,000)x\frac{350,000}{5,000,000}

  Depreciation (units of production) = 2,677,500

C. Depreciation (Double declining) =  2 x cost x depreciation rate

   Depreciation (Double declining) = 2 x 42,500,000 x 0.2(w)

   Depreciation (Double declining) = 17,000,000

Working

Depreciation Rate = 1/Useful

Depeciation Rate = 1/ 05 = 0.2

6 0
4 years ago
The December 31, 2020 inventory of Carla Vista Company consisted of four products, for which certain information is provided bel
VARVARA [1.3K]

Answer:

Product Lower of cost or market value

A                 $28

B                 $42

C                 $119

D                  $18

Explanation:

Particulars  a                    b                            c               d        e                   f = d - c

Product        Cost Replacement cost Estimated disposal cost Estimated selling price Normal profit in sales Ceiling

A             $30                $28                          $8              $44     25% $36

B             $44                 $42                          $10               $54      20% $44

C             $124                 $119                           $29         $210      30% $181

D               $18                 $15.4                     $6          $30       20% $24

Product          g = f - d × e h = middle value of b , f ,g   i           j = lower of I and h

Product  Floor Designated market value Cost Lower of cost or market value

A            $25            $28                            $30  $28

B           $33.2            $42                             $44   $42

C            $118             $119                              $124   $119

D           $18                     $18                               $18       $18

As we know that the inventory should be recognized at lower value of cost or market value and the same is considered

6 0
3 years ago
The LFH Corporation makes and sells a single product, Product T. Each unit of Product T requires 1.5 direct labor-hours at a rat
lora16 [44]

Answer:

$441,000

Explanation:

Budgeted direct labor cost = Budgeted production * Hours per unit * Rate per hour

Budgeted direct labor cost = 28,000 units  * 1.5 DLH * $10.50

Budgeted direct labor cost = $441,000

So, budgeted direct labor cost for June would be $441,000

5 0
3 years ago
Which financial statement would include a listing of a companies assets
Thepotemich [5.8K]

Answer:

Balance Sheet

Explanation:

In accounting, Balance sheet will show a complete listing of  assets, liabilities and  Equity of a company within a specific time period. (For most companies, the balance sheet will be made at each end of the year)

under the Assets segment, Balance sheet will specify several accounts arranged based on their liquidity. Cash usually put at the top of the list since it's considered as the most liquid assets.

People use balance sheet to give a general measurement on Company's financial health. If for example, they noticed that the liability is significantly larger than their assets, investors might feel discourage to invest in the company.

4 0
3 years ago
9. According to the theory of liquidity preference, the supply of real money balances: A) decreases as the interest rate increas
grin007 [14]

Answer:

D. Is fixed by the central bank

Explanation:

The theory of liquidity preference explains that people don't demand for money due to borrowing but rather because of the innate desire to hold money. The theory was developed by the father of Macroeconomics, John Maynard Keynes. He pointed out to interest rate being the price of money. According to him, there are 3 motives for holding money which are transactionary, precautionary and speculatory and that the supply of real money balances is fixed.

3 0
3 years ago
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