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In-s [12.5K]
3 years ago
7

According to the Principle of Utility within the ethical theory of Utilitarianism, happiness is an extermely important factor in

determining the rightness and wrongness of acts.
True Or False?​
Business
1 answer:
Daniel [21]3 years ago
6 0

True.

The Principle of Utility says actions are <u>right </u>when they promote happiness or pleasure, and wrong when they cause unhappiness or pain. So in order to figure out if something is right or wrong you will first have to know if it promotes happiness.

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On April 12, Hong Company agrees to accept a 60-day, 6%, $6,900 note from Indigo Company to extend the due date on an overdue ac
Bad White [126]

Answer:

Debit notes Payable $6,900

Debit interest expense $69

Credit   cash                               $6,969

Explanation:

The interest amount payable on maturity is $6900*6%*2/12=$69

The actual principal remains at $6900

The appropriate entries would to debit notes payable with $6,900 and interest expense with $69 while the credit of $6969 goes to cash account representing an outflow to settle the obligation.

The rationale for this is that settle of an obligation would require debit the payable account.

3 0
3 years ago
In Spring 2018, Parmac Engineering Company signed a $160 million contract with the city of Parkersburg, to construct a new city
marta [7]

Answer:

By using the percentage-of-completion method the $64 million revenue should Parmac recognize in 2018

Explanation:

Percentage-of-completion method : Under this method,

First we have to calculate the percentage which is based on current period cost to total period cost.

After that, multiply the percentage with the revenue so that we get to know how much revenue is being recognized during an particular year.

In mathematically,

Estimated Cost percentage =  current period cost ÷ total period cost

                                              = $48 million ÷ $120 million

                                              = 40%

Now,

Revenue recognized = Estimated cost percentage × Revenue

                                   = 40% × $160 million

                                   = $64 million

Hence, by using the percentage-of-completion method the $64 million revenue should Parmac recognize in 2018

7 0
3 years ago
As winner of a breakfast cereal competition, you can choose one of the following prizes: a. $100,000 now.
Shkiper50 [21]

answer

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7 0
2 years ago
A family wishes to save for future college expenses. Which financial tool should the family invest in?
emmainna [20.7K]

Answer:

529 Plan

Explanation:

A 529 plan is a tax-advantaged savings plan designed to encourage saving for future education costs.

8 0
3 years ago
Las Paletas Corporation has two different bonds currently outstanding. Bond M has a face value of $20,000 and matures in 20 year
Margarita [4]

Answer:

Bond M= $21,914.32.

Bond N= $6,131.14

Explanation:The price of any bond (or financial instrument) is the PV of the future cash flows. Even though Bond M makes different coupons payments,to find the price of the bond,we just find PV for the cash flows

5 0
3 years ago
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