I would probably consider this situation between the employee and his supervisor to be an: ethical dilemma.
An ethical dilemma is also referred to as moral dilemma or ethical paradox and it can be defined as a complex problem or situation in the decision-making process between two (2) available options, which are both absolutely unacceptable from an ethical perspective.
This ultimately implies that, an ethical dilemma requires an employee to compromise on his or her moral standards and ethical principles.
In this scenario, the employee is left with the option of either lying to a client to get the sale or risk loosing an opportunity for promotion. Thus, this situation between the employee and his supervisor would be considered to be an ethical dilemma.
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Discretion authorizes a representative to choose the security, the amount of shares, or whether to buy or sell. Time and/or price alone are not discretionary decisions.
What are discretionary orders?
Orders that a broker can handle on a client's behalf with some discretion without getting that client's express approval for every single order choice or detail are known as discretionary orders.
Conditional orders most frequently involve discretion, such adjusting the limit price in reaction to shifting market conditions.
In discretionary investment management, when a broker or adviser makes transactions on behalf of a customer without receiving their approval beforehand, discretionary orders are another essential element.
When a broker places a discretionary order, they are exempt from liability for any possible losses that their client may incur as long as they are acting in good faith and seeking the best execution.
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Answer:
Double Declining Depreciation rate = 1/5*2
Double Declining Depreciation rate = 40%
Double Declining Depreciation for 2021 = $75,000*40%
Double Declining Depreciation for 2021 = $30,000
Book value at December 31, 2021 = $75,000 - $30,000
Book value at December 31, 2021 = $45,000
Answer:
E. Sam believes in stating the truth, however uncomfortable he feels
Explanation:
The honesty simply represents a behavior through which a person is showing a quality to be honest. This basically means that someone who possesses this trait is a person that would tell the truth, believe in it, and will stand by that despite putting himself/herself in an unpleasant situation. In this case, we have Sam exhibiting that exact trait. He believes in stating the truth, no matter the situation, so he will always be honest toward everyone even if it means that he will put himself in an uncomfortable situation.
Answer:
a. 363000
Explanation:
depreciation expense for the year = accumulated depreciation 2018 - accumulated depreciation 2017 + asset's book value - asset's sales price = $1,245,000 - $900,000 + $75,000 - $57,000 = $363,000
an asset's book value (carrying value) = purchase cost - accumulated depreciation of the asset
