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umka21 [38]
3 years ago
8

Lucretia finds herself caught between loyalty to her employer on the one hand and loyalty to a friend who works in her office on

the other. The potential ethical issue that she's facing is best characterized as a matter of ______.
a. conflict of loyaltyb. conflict of interestc. rationalizationd. insider loyalty
Business
1 answer:
antiseptic1488 [7]3 years ago
8 0

Answer:

conflict of loyalty  

Explanation:

In simple words, conflict of loyalty refers to a specific type of situation  in which an individual faces a conflict of interest due to having loyalty towards two different parties which have different goals and objectives.

This scenario usually happens when someone in authority has to make a decision that can affect party he or she have personal relation or with the other party with with which that individual have a professional relation.

As per the modern theories, under such scenarios, individual in authority should favor professional relations over personal relations.

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The rest of the question?
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The current interest rate on a savings account is 1.85%. The current inflation is 1.9%. What is the real dollar return on this a
kogti [31]
1.67 is the correct answer
8 0
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The actual cost of direct labor per hour is​ $16.00 and the standard cost of direct labor per hour is​ $9.50. The direct labor h
Alla [95]

Answer:

$19,713 unfavorable

Explanation:

Direct labor efficiency variance tells us that how the direct labor is used to product the standard numbers of share. It is calculate by multiplying the difference of actual labor hours and standard labor hours with standard rate.

Formula for the efficiency variance

Direct labor efficiency​ variance = (Actual Hours - Standard Hours ) x Standard Rate

Direct labor efficiency​ variance = (3,500 - (0.25x5,700 ) x $9.5

Direct labor efficiency​ variance = (3500 - 1425 ) x $9.5

Direct labor efficiency​ variance = $19,713 unfavorable

As the actual Labor hours spent is higher than the estimated so, the efficiency variance id unfavorable.

3 0
2 years ago
Lake Power Sports sells jet skis and other powered recreational equipment. Customers pay 1/3 of the sales price of a jet ski whe
vovangra [49]

Answer:

1) In 2010, Lake would recognize realized gross profit of:______.

a) $0.

Revenue for calculating gross profit is only recognized when the cost of goods sold (COGS) has been fully recovered.

2) In 2012, Lake would recognize a realized gross profit of:_______.

c) $450,000.

gross profit related to 2010 sales = $900,000 - $450,000 (remaining COGS) = $450,000

gross profit related to 2011 sales = $900,000 - $900,000 = $0

3) In 2013, Lake would record a lost on repossessions of:______.

c) $200,000.

4) In its December 31, 2011, balance sheet, Lake would report:_______.

b) installment receivables (net) of $900,000.

total installments receivables = $300,000 + $1,000,000 = $1,300,000

remaining COGS from 2011 sales = $400,000

installment receivables (net) = $1,300,000 - $400,000 = $900,000

5 0
3 years ago
Lark had net income for 2018 of $105,000. Lark has 33,000 shares of common stock outstanding at the beginning of the year and 48
valina [46]

Answer:

Price Earnings Ratio = 20.48

Explanation:

Price Earnings Ratio = Price/Earnings per share

Here Price is of common stock

In the given case = $32

Earnings per share are calculated at year end for common stock.

Earnings for common stock = Net income - Dividend to preference shares = $105,000 - $30,000 = $75,000

Earnings per share = $75,000/48,000 shares = $1.5625

Price Earnings Ratio = \frac{32}{1.5625} = 20.48

Note: There is no relevance of share price of preference shares, also no relevance on opening number of shares of equity as PE Ratio is calculated on closing number of shares and on the date and not for the period that we will consider the average.

Price Earnings Ratio = 20.48

8 0
3 years ago
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