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Anna11 [10]
3 years ago
9

Felicia Robinson is running for school board in a large eastern city. Her opponent is conducting what Felicia regards as a highl

y unethical cam- paign. In addition to twisting the facts about school taxes, the opponent is pandering to racial prejudice by raising resentment against African Ameri- cans and recently arrived immigrants. Five days before the election, Felicia, who is slightly behind in the polls, learns that the district attorney is preparing to indict her opponent for shady business practices. But the indictment will not be formally issued until after the election. Nor can it be taken as evidence that her opponent is guilty—like all citizens, he has the right to be presumed innocent until proven otherwise. Still, news of the indictment could be enough to throw the election Felicia’s way, and her advisers urge her to make it an issue in her remain- ing campaign speeches. Should Felicia follow their advice?
Explain what whould be the most ethlial course of action in her case, and why?
Business
1 answer:
Mashutka [201]3 years ago
3 0

Answer:

She should follow their advise by mentioning the opponents impending indictment

Explanation:

Based on ethics, except a person has been tried and found to be guilty, he or she is innocent. By bringing up a case of this indictment, there would be a violation of the ethical rights of this opponent by Felicia.

But again, we have to put the school into consideration. If this opponent had really done these unethical things as projected by Felicia, then it would be an unethical treatment on her part to the entire school which would be in the hands of such a person.

So on Felicia's art we have to consider two things, unethical treatment toward school by not mentioning the opponents indictment and also unethical treatment towards the opponent by bringing up the indictment

For me I think, the ethical thing for her to do would be to mention the impending indictment of the opponent.

Thank you!

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Janice owns a firm that provides accounting services to a number of small businesses in the area. Her firm processes payroll, pr
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Answer:

Janice is a public accountant

Explanation:

Public accounting refers to a business that provides its services to other firms at large. By Janice being the owner of such firm she is referred to an accountant that provides her services to the public and she can also be referred to as a certified public accountant  

8 0
3 years ago
At the beginning of Year 2, Oak Consulting had the following normal balances in its accounts:
kvv77 [185]

Answer:

    Cash                                                  Accounts receivable

    debit              credit                          debit              credit

    42,000                                              25,000

c.  140,000                                       a.   185,000

d.                        120,000                 <u>c.                         140,000</u>  

<u>e.                        31,400   </u>                      70,000

    30,600

    Service revenue                               Accounts payable

    debit              credit                          debit              credit

a.                         185,000                                            8,400

    <u>185,000                       </u>                b.                        45,800

       0                     0                        <u>e.   31,400                      </u>

                                                                                    22,800

    Common stock                                 Retained earnings

    debit              credit                          debit              credit

   <u>                        24,000</u>                                              34,600

                           24,000                  f.   10,000

                                                              <u>                        19,200</u>

                                                                                      43,800

    Operating expenses                        Salaries expenses

    debit              credit                          debit              credit

b.  45,800                                         d.  120,000                  

<u>                            45,800</u>                       <u>                      120,000</u>

       0                      0                                  0                    0                      

in order to determine the balance of the retained earnings account at the end of the year, we must first close all the temporary accounts:

Dr Service revenue 185,000

    Cr Income summary 185,000

Dr Income summary 165,800

    Cr Operating expenses 45,800

    Cr Salaries expense 120,000

Dr Income summary 19,200

    Cr Retained earnings 19,200

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Describe why it is important to understand how businesses impact you.
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Hill Corporation issued $2,100,000 of 8% bonds at 98 on January 2, 2019. Interest is paid semiannually on June 30 and December 3
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Answer:

Hill Corporation

Journal Entries

March 31, 2022:

Debit Bond Liability $2,247,000

Debit Interest Payable $42,000

Credit Cash $2,289,000

To record the recall of the bonds, including accrued interest.

Explanation:

a) Data and Calculations:

January 2, 2019: Face value of bonds issued = $2,100,000

Proceeds from the issue of the bonds at 98 =    2,058,000

Discount from the issue =                                        $42,000

Semi-annual amortization under straight-line = $2,100 ($42,000/20)

Coupon interest rate = 8% with payment made semiannually

Annual interest payment = $168,000 ($2,100,000 * 8%)

Semiannual interest payment = $84,000 ($2,100,000 * 4%)

Bonds duration = 10 years

March 31, 2022 Recall price of 107 = $2,247,000

Accrued interest from January 1 to March 31 = $42,000

Total payment to bondholders = $2,289,000

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