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dolphi86 [110]
4 years ago
8

A sports team's owner is given a videotape of his star player physically striking his girlfriend in an elevator, causing her sev

ere injuries. The player has not been accused of any crime. Each player's employment contract states that a player may be terminated for committing battery. If the owner fires the player, the team will win fewer games, which will result in lower attendance and lower revenues for the stadium and the team. The owner may even have to lay off some employees. The owner has always admired the thinking of John Akers, the former chairman of IBM. What would Akers advise?
a. Keep the player on the team and try to keep his behavior secret. The owner should announce at a press conference that he plans to donate a large amount of money to a charitable organization for battered women.b. Keep the player on the team and impose no sanctions. Firing the player will cost the team millions of dollars.c. Suspend the player for several games and order the player to take anger management classes.d. Fire the player. The team may suffer financially at first, but if the public has faith in the organization, the team and the league will benefit in the long run. If the owner keeps the tape a secret and the public finds out about his actions, the team - and society - will suffer harm from the loss of public trust.
Business
1 answer:
Snowcat [4.5K]4 years ago
8 0

Answer:

The answer is: D) Fire the player. The team may suffer financially at first, but if the public has faith in the organization, the team and the league will benefit in the long run. If the owner keeps the tape a secret and the public finds out about his actions, the team - and society - will suffer harm from the loss of public trust.

Explanation:

Akers firmly believed that ethics were fundamental to economic competitiveness. He argued that without ethical behavior, individuals, corporations and society as a whole couldn´t be economically competitive.

So in this case, he would have simply terminated the player´s contract without regarding any of the potential downsides for the team.

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On January 22, Zentric Corporation issued for cash 342,000 shares of no-par common stock at $20. On February 14, Zentric issued
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Answer:

Journal Entries

January 22

Dr. Cash                  $6,840,000  

Cr. Common stock  $6,840,000

February 14

Dr. Cash                  $720,000  

Cr. Preferred stock $720,000

August 30

Dr. Cash                                                                   $2,635,000

Cr. Preferred stock                                                  $2,480,000

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Explanation:

January 22

Common Stock = Numbers of shares issued x Issue price per share

Common Stock = 342,000 shares x $20

Common Stock = $6,840,000

February 14

Preferred stock = Numbers of preferred shares x Price per preferred share

Preferred stock = 9,000 shares x $80 per share

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August 30

Cash Received = Numbers of shares x issuance price = 31,000 x $85 = $2,635,000

Cash Received = Numbers of shares x par value = 31,000 x $80 = $2,480,000

Paid in capital excess of par  = $2,635,000 - $2,480,000 = $155,000

7 0
3 years ago
Mr. Porter sells 10 bottles of champagne per week at $50 per bottle. He can sell 11 bottles per week if he lowers the price to $
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$45; $50

Explanation:

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Elimination ProceduresA new employee has been given responsibility for preparing the consolidated financial statements of Sample
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Answer:

Part A)

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Carpenter Inc. had a balance of $88,000 in its quality-assurance warranty liability account as of December 31, 2020. In 2021, Ca
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Balance in Liability on 31 Dec = $43,000

So, the balance in the warranty liability account as of December 31, 2021 is $43,000.

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