1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Sergeu [11.5K]
3 years ago
10

The improper payments made by APC occurred during the time frame that Andrea Jung served as Avon's CEO. Was she "responsible" fo

r those payments even if she was unaware of them? Why or why not?
Business
1 answer:
RSB [31]3 years ago
4 0

Answer: Technically, Andrea Jung should be considered "responsible" for those payments although she's not aware of them.

Explanation:

Technically, Andrea Jung should be considered "responsible" for those payments although she's not aware of them.

To start with, the parents of Andrea Jung are citizens of China by birth and since birth have been in China, which makes us believe that Jung is very familiar with the business culture of China. Conclusively, she is very good at her job and has good credits in her marketing skills and international business skills.

She is aware that Avon being a direct selling business is against the Law in China since 1998, so it is reasonable to conclude that she's got a bias for the Chinese and culture probably based on some personal ties. And this definitely punctured her business ethics.

She is well aware of the failure of this market for Avon since Avon's products are illegal in China, but she insisted on this market penetration strategy. It is glaring therefore that Andrea Jung was determined and undetered to doing whatever it will take to increase their sales in China, even if the law of the country is broken.

For Avon products, Andrea Jung designed a Task Force in charge of "direct selling" in China (APC), and she was very much interested in it. Then, her personal involvment in Avon's goal in trying to convince the Chinese government to lift the direct selling ban became obvious as she engaged in some travels to China seeking the consent of top Chinese government personnels.

Therefore for her to say had no clue about the improper payments, she definitely was not unaware of the Chinese cultures and how bribery had become the usual thing. She was an 100% accomplice and was fully aware of all the transactions.

She is responsible therefore considering her actions.

You might be interested in
Please help!!
satela [25.4K]
I believe your answer would be D.) A female accountant with a Master's degree in Business Administration.

.. And also, Why did u send me a friend request?
5 0
3 years ago
A company purchased a piece of equipment for $50,000 and the equipment has an expected useful life of five years. Its residual v
Simora [160]

Answer:

$12,000

Explanation:

Given that,

Cost of equipment = $50,000

Expected useful life = 5 years

Estimated residual value = $4,000

Depreciation refers to the fall in the value of fixed assets with the passage of time.

Here, we are using double-declining-balance depreciation method,

Firstly, we are calculating the straight line depreciation rate as follows:

= (100% ÷ useful life)

= (100% ÷ 5)

= 20%

So, the double-declining depreciation rate is calculated by multiplying the straight line depreciation rate by 2. It is calculated as follows:

= 2 × straight line depreciation rate

= 2 × 20%

= 40%

First year depreciation is calculated as follows:

= Double-declining depreciation rate × Cost of equipment

= 40% × $50,000

= $20,000

Therefore, the amount of depreciation expense for the second year is calculated as follows:

= Double-declining depreciation rate × (Cost of equipment - First year depreciation)

= 40% × ($50,000 - $20,000)

= 0.4 × $30,000

= $12,000

5 0
3 years ago
g Call options on IBM-listed stock options are Group of answer choices created by investors and traded on various exchanges. iss
Scorpion4ik [409]

Answer: Created by investors and traded on various exchanges

Explanation:

Call options are contracts that give the buyer the right to buy the underlying assets of the option on a particular date at a set price by exercising the option. American Call options can be exercised anytime before the date listed in the contract as well.

Call options are created by people who already own stock in the company i.e investors in IBM and traded on various exchanges such as the Chicago Board Options Exchange. It acts as a supplementary way to make income from stock if the investors do not believe that the stock price will go up thus enabling them to make income from the contract price.

8 0
3 years ago
Gekko, Inc. reported the following balances (after adjustment) at the end of 2008 and 2007.
nevsk [136]

Answer:

Correct answer is D, P3,900

Explanation:

Begging Allowance for doubtful account is P1,500 (96,000 - 94,500). Ending balance of Allowance for doubtful account is P3,000 (P108,000 -P105,000). We can now work back the provision for doubtful accounts that the company has made during 2008.

Beginning P1,500

Add:

Collection of written off accounts 800

Total P2,300

Less:

Written off 3,200

Total (P900)

Therefore, in order for the company to have an ending inventory of P3,000, They must have set up a provision for doubtful accounts in the amount of P3,900. Attached herewith is the T-account of allowance for doubtful accounts

6 0
3 years ago
Cash to Monthly Cash Expenses Ratio Capstone Turbine Corporation produces and sells turbine generators for such applications as
Andrej [43]

Answer:

a) $1,918.17

b) 16.8 months

C) Yes, Capstone Turbine will remain in business.

Explanation:

a) To find the monthly cash expenses, we have:

Monthly cash expenses = negative cash flow from operations / 12

= 23018 / 12

= $1,918.17

b) To find the ratio of cash to monthly cash expenses, we have:

Ratio of cash to monthly cash expenses = Year end cash / monthly cash expenses

= $32,221 / $1,918.17

= 16.797

≈ 16.8 months

c) Yes, Capstone Turbine will remain in business because the calculated ratio above shows that they have cash to continue operations for approximately 16.8 months.

6 0
3 years ago
Other questions:
  • In her work as an accountant, Sandra Garcia recognizes that for every transaction that affects an asset, an equal transaction mu
    9·1 answer
  • Bill has just returned from a duck hunting trip. He brought home eight ducks. Bill’s friend, John, disapproves of duck hunting,
    9·2 answers
  • In some cases, researchers are interested in very large groups such as all the inmates of the u.s. prison system. in this case,
    13·2 answers
  • Assume that John's marginal tax rate is 40%. If a city of Austin bond pays 6% interest, what interest rate would a corporate bon
    9·1 answer
  • The ledger of Nash's Trading Post, LLC at the end of the current year shows Accounts Receivable $71,600; Credit Sales $865,890;
    15·1 answer
  • Which of the following options is a challenge to the sustainability of strategically implementing an information​ system? A. Man
    11·1 answer
  • Sarah, the cofounder of a start-up company that sells sports goods, prepares a mission/purpose statement for the company. In the
    7·1 answer
  • Please identify what type of error the following sentence includes: While searching for employment, I travelled to Shanghai, Chi
    5·1 answer
  • Calculating the Direct Materials Price Variance and the Direct Materials Usage Variance Guillermo's Oil and Lube Company is a se
    5·1 answer
  • Davidson Corporation manufactured 58,500 units during September. The following fixed overhead data relates to September: Actual
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!