<u>Explanation:</u>
1. As in the case of Certain-Tees, Inc., their approach follows The Fairness or Justice ethical framework. This ethical framework involves the basic belief that everyone or everything should be treated or done fairly.
2. As in the case of Sahara, Inc., and Perfect Paper executives, their approach follows the Utilitarian ethical framework. Which is the belief in doing what brings the greatest or most good to the majority.
3. As in the case of Positron Auto Parts, their approach follows The Common Good ethical framework, which relies heavily on cultural aspects to define ethical practices.
Distillation is a process that can separate a mixture, composed of two or more components, by using selective evaporation and condensation. In this process is important to have the components with different boiling points, otherwise it's not possible to separate.
That means, that a good separation can be achieved if the boiling points have a large difference.
Answer:
Dr Interest Receivable $240
Cr Interest Income $240
Explanation:
The reason is that the Techcom company is lender and must account the lending as a loan.
The loan will be paid with the interest at the end of the period. The interest received at the end of December 31 would be the single month loan at the $4800 at the interest rate which is 10 percent here.
The Interest Income = $4800 * (10% interest rate * 2/12) = $240
The interes would be recorded for the two months which is $240 and accounted for as under:
Dr Interest Receivable $240
Cr Interest Income $240
And at the end of January 31, Teller will make the payment which would be accounted for as under:
Dr Cash $5260
Cr Interest Revenue $120
Cr Notes Receivable $4800
Cr Interest Receivable $240
