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wolverine [178]
3 years ago
13

Eric, the owner of a struggling business that supplies fresh product to restaurants, is faced with a decision that will mean eit

her the collapse of his business or perhaps the success of his business: Should he fill customer orders for produce with some older produce mixed in with the fresh produce
Business
2 answers:
Sloan [31]3 years ago
5 0

Answer: He should go with the ethically correct option which is not to mix the older produce with the newer one.

Explanation:

In ethical dilemmas especially ones involving business it is best to go for the ethically right option. Unethical decisions can give short term results but they are almost always caught out in the future meaning that the business faces ruin in the future. Using the cases of Enron and Worldcom as examples where the companies engaged in unethical accounting conduct that guaranteed short term success, their fall from grace showed that unethical decisions are not sustainable.

With this in mind he should not mix the produce for his business to survive because there is a high chance he will reject it in future.

zaharov [31]3 years ago
3 0

Answer:

Yes, this is an ethical dilemma because no choice is 100% right or wrong, and both choices are basically undesirable and equally bad.

Explanation:

Eric has two options:

  1. Keep selling his products like he has been doing so far, i.e. not mixing older products with fresh products, but most probably will go bankrupt and will have to close his business.
  2. Start to save some money by mixing older products with fresh products and hopefully he will be able to save his business, but he will be cheating on his clients and that will eventually come back to bite him.

If he chooses option one, he will probably have to close his business, and if he chooses option two, he will be doing something bad that may eventually cause him to close down also.  

It is easy to say that Eric should do the right thing and sink with the ship, but what if your were Eric? There is an old Cheyenne saying "don't judge a man until you've walked two moons with his moccasins (shoes)".

Eric needs to balance out what is best for him and what is the correct thing to do, and if possible try to come up with a third alternative that isn't so disastrous.

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Which of the following provisions of the Sarbanes-Oxley Act addresses the management assessment of internal controls?
Ainat [17]

Answer:

b. codes of ethics for senior financial officers.

Explanation:

according to the Sarbanes-Oxley act:

- The company should be having an expert who is responsible for the auditing andd the company should name the expert and if they are not having the expert they should give a reason.

- A comapny should have a code andd ethics and it should also be applied to the seniors.

4 0
3 years ago
Watson Company applies overhead on the basis of machine hours. Given the following data, compute the amount of overhead applied
Dmitriy789 [7]

Answer:

A: $1,475,000

Explanation:

The computation of the overhead applied is shown below:

But before that first determine the predetermined overhead rate which is

= Estimated annual overhead cost ÷ Estimated machine hours

= $1,500,000 ÷ 300,000

= $5

Now the applied overhead is

= Predetermined overhead rate × Actual machine hours

= $5 × 295,000

= $1,475,000

6 0
3 years ago
1. Firms pursuing a cost-leadership strategy seek to ________.
gtnhenbr [62]

Answer:

1. gain a higher market share.

2. inversely proportional to each other.

Explanation:

1. By producing a product at a lower price than the competitors a company will be at an advantage and will be providing same product at a lower price. The customer will definitely go with a low price item if two items are same in value.

2. As value creation requires cost so if the cost is reduced then some of the features will have to be foregone to achieve low cost.

5 0
3 years ago
Credenza Industries is expected to pay a dividend of $1.70 at the end of the coming year. It is expected to sell for $62 at the
Brrunno [24]

$3.56 is the capital gain

<u>Explanation:</u>

<u>Credenze industries </u>

The Dividend = 1.70 , Cost of capital = 9% , Selling price =62 , calculation of Expected capital gain =?

<u>In order to calculate the Present market price (PM) , </u>

Let the PM (Present market value) = x

The Cost of equity = the change in market price + dividend

9 \% \text { of } x=(62-x)+1.70

=> X = $ 58.44 .

Therefore, the Capital Gain that has been gained is = $ 3.56

6 0
3 years ago
Blossom Corporation issued $564,000 of 7% bonds on May 1, 2020. The bonds were dated January 1, 2020, and mature January 1, 2023
Ksenya-84 [330]

Answer:

The Journal entries are as follows:

(a) the May 1 issuance,

Cash A/c           Dr. 577,160

To Bonds - 7%                        $564,000

To Accrued interest                $13,160

(To record the issuance)

Accrued Interest = $564,000 × 0.07 × (4/12)

                             = $13,160

(b) the July 1 interest payment,

Interest Payment A/c   Dr. $19,740

To cash A/c                                       $19,740

(To record the interest payment)

Interest payment = $564,000 × 0.07 × (6/12)

                             = $19,740

(c) the December 31 adjusting entry

Interest payable A/c    Dr. $19,740

To Bonds - 7%                                  $19,740

(To record the adjusting entry)

7 0
3 years ago
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