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Deffense [45]
4 years ago
10

magine your company cheated on their earnings statement. The company's accounting firm doesn't say anything. You go into their o

ffice wanting an explanation. The CPA calmly says, "Oh, I lied when we signed off on the report." Your reply, "But you can't lie - it is your DUTY to tell the truth." You want the CPA to follow which ethical theory?
Business
2 answers:
Igoryamba4 years ago
8 0

Answer:

deontological ethics

Explanation:

Deontological ethics is an ethical theory that posits that the morality of an action, as to whether such action is right or wrong, is determined by certain established rules and principles rather than the consequences of such actions. In order words, a certain moral decision or action should be taken in accordance with laid down rules or principles regardless of the consequences of such decision.

In the example given in the question, I want the CPA to follow the deontological ethics, which requires the CPA to adhere to laid down principles regarding how they should discharge their duty, not regarding the outcome of any decision taken in the course of discharging their duty. Therefore, CPA should do the needful that is expected of them.

AveGali [126]4 years ago
6 0

Answer:

deontological ethics

Explanation:

Based on the scenario being described within the question it can be said that in this situation you want the CPA to follow deontological ethics. This term refers to doing something on the basis of whether that action itself is right or wrong under a series of rules instead of the consequences that those actions will bring upon the individual. Such as in this case, the CPA needs to "not lie" because it is the right thing to do.

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An​ individual's income rises from ​$77 comma 00077,000 per year to ​$83 comma 00083,000 per​ year, and as a consequence the​ pe
Alla [95]

Answer:

1) 19.23/Positive

2) Normal

Explanation:

In order to calculate the income elasticity of a product we will have to measure the percentage change in income and the percentage change in  quantity purchased of that product cause by the change of income.

Percentage change income = (83,000-77,000)/77,000= 7.8%

Income increased by 7.8%.

Percentage change in purchase of movie downloads= (55-22)/22= 150%

So a 7.8% increase in income increases the purchases by 150%, in order to calculate the income elasticity we will divide 150 by 7.8

150/7.8=19.23

Income elasticity = 19.23

Because the income elasticity is positive we can infer that movie downloads are normal goods because the quantity purchased increases when income increases.

7 0
3 years ago
Byte Computer Corporation acquired 90 percent of Nofail Software Company’s common stock on January 2, 20X3, by issuing preferred
natima [27]

Answer: Step by step explanation of the consolidated balance sheet is given in the attached document.

Explanation:

Consolidated Balance Sheet

A consolidated balance sheet presents the assets and liabilities of a parent company and all its subsidiaries on a single document, with no distinctions on which items belong to which companies. If your company has $1 million in assets and it purchases subsidiaries with assets of $400,000 and $300,000, respectively, then your consolidated balance sheet will show $1.7 million in assets, and the sheet will commingle those assets. For example, in the asset section, accounts receivable will list the total amount of receivables held by all three companies.

When to Consolidate

A company must issue consolidated financial statements whenever it owns a controlling stake in another business – that is, whenever it owns more than 50 percent of that business. If the parent company owns 100 percent of the subsidiary, this is pretty straightforward. Complications arise, however, if the parent company owns a controlling stake with less than 100 percent ownership. Part of the subsidiary belongs to someone else, and that must be reflected on the balance sheet.

5 0
3 years ago
Write a memo to management detailing the various classification of costs and provide two reasons for which it is important to cl
katrin2010 [14]

Answer: Direct or indirect cost, Fixed or variable cost, classification by nature, classification by function, it is important for the development of cost data which can help the management in the cost planning and control objectives of the organization. It is important for ascertaining the purpose for which the cost being classified is to fulfilled in the organization.

Explanation:

Cost classification can be said to be a process of grouping costs according to the characteristics which can be attributable to the cost in the organization and which determined their uses in the organization. Classification of cost can be divided into four namely.

Direct Cost or indirect cost : The direct cost is the cost which can be directly identified with a process, production, job or other business activities. In direct cost there is nothing like sharing or apportioning cost between the products. Examples are Direct materials, Direct Labour, Direct Expenses. While indirect cost are the cost which cannot be directly traced to the items being costed by the organization. It is a cost which can be incurred jointly by two or more products. Examples are indirect materials, indirect labour, and indirect expenses.

Fixed or variable cost : Fixed cost is said to be a cost which tend not to change with the level of activities such as output or turnover. Examples are rent, rates, insurance, executives salaries. While variable cost are the cost which vary with changes in the level of output or sales. It is a cost which increase or decrease in proportion to the changes in the level of activity such as Labour and materials

Classification by nature : This relates to the nature of the cost such as the materials, labour and expenses. The materials can be broken down into raw materials, while labour can be broken down into supervision, cleaning, clerical or office work. While expenses can be broken down into rent, power, depreciation and so on.

Classification by function : This is the classification of cost according to the functions to which the cost relates. Examples are production cost, selling cost,distribution cost,and so on. However, these cost classification are important for the following two reasons

(i) It is important for the development of cost data which can help the management in the cost planning and control objectives of the organization.

(ii) It is important for the ascertaining the purpose for which the cost being classified is to fulfilled in the organization

7 0
3 years ago
Improving Tone and Clarity The clarity and tone of a message are improved when you use positive and courteous language. Choose t
KonstantinChe [14]

Answer:We request a brief extension to complete the report.

Explanation: The language should be presented in a form of request,it has to be seen as one pleading for more time rather than making it in such a way as to show some harshness. This harshness or unfriendliness makes it a negative tone it should not be presented in a tone which signifies blame, complain or pride etc.

Positive courteous language helps to promote effective relationship and encourage people to assist in difficult situations.

3 0
3 years ago
Lucas is planning to buy a house owned by Janet. He gives her an initial amount of $10,000 to hold the offer open for a 45-day p
garri49 [273]

Answer:

The correct answer is letter "A": Option contract.

Explanation:

An option contract gives a buyer the right but not the obligation to purchase an asset at a certain price -usually fixed- and date. The term is mostly used while talking about stocks. A buyer can profit both from the upward and downward movements of the stock price. If the price goes up, the investor could bet on call options while the decreasing price could allow investors to profit from put options.

<em>Lucas's case reflects an option contract because he is planning to purchase a house from Janet at a price and date in the future but he agreed in not having the obligation to buy the house when that date arrives.</em>

3 0
3 years ago
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