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LiRa [457]
3 years ago
11

Echo Air Company (EAC)Echo Air Co. is a well-known establishment in the airline business. It is currently one of the top firms i

n the industry. The company prides itself on good customer service and being concerned with the broader societal good. EAC management is not only concerned with doing things right, but also with doing the right things. Many of their decisions reflect this philosophy. Initially, the company had a problem with employees reporting their suspicions about unethical behavior to the press instead of to EAC management.
As a result, the company made sure its employees knew the firm's guidelines on fixing ethical issues. EAC also developed a code of conduct based on standards that continue to be upheld within the company. Since the code of conduct has been put in place,there have been fewer ethical violations.Although employee salaries at EAC are not as high as those at competing firms, the company experiences very low employee turnover. The firm has created a corporate culture that not only makes its employees want to stay, but that also results in higher profits.
If EAC can maintain the relationship it has built with its employees and customers, it will have little difficulty keeping up its remarkable success. ​ Refer to Echo Air Company. Initially, employees were not willing to go to EAC management with ethical issues but would instead report them to the press.

This is an example of :A. whistle-blowing.B. a social audit.C. poor employees.D. opportunity emptor.E. a narc.
Business
1 answer:
Katarina [22]3 years ago
4 0

Answer:

A. whistle-blowing.

Explanation:

Whistle-blowing occurs when an employee exposes information of wrong-doing, unethical practice, or illegal actions. The information released can either be to internal authorities or it can be released to external parties.

When an employee does not have confidence that appropriate action will be taken on the information provided, employees tend to go to external parties with the information.

This was the case with EAC above where the staff were going to the press. EAC now set up a whistle-blowing framework that increased employee confidence and reduced turn-over.

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Indigo Inc. owns land that it purchased on January 1, 2000, for $418,200. At December 31, 2017, its current value is $679,700 as
spin [16.1K]

Answer:

$679,700

Explanation:

I believe Mickelson is the person preparing the books for Indigo Inc.

This question tests your knowledge of revaluation and its application to financial statements. It indirectly checks your knowledge of depreciation also.

A quick definition of terms would make it clearer.

Depreciation is the systematic allocation of the price of an asset over its useful life. That is once an asset (non-current) is purchased, it cannot be used up immediately in one financial year, hence accountants usually want to spread the use of the asset and match it with whatever revenue they get from the use of the asset (an application of prudence concept).

But land does not depreciate, rather it appreciates over time. Due to the fact that land appreciates over time, it would be misrepresentation on the part of Mickelson to report the value of the asset in December 2017 at the price in which the land was purchased in 2000.

Because land appreciates over time, a revaluation is more appropriate. this revaluation compares the carrying value of the land with the fair value on the land as at the date of revaluation (comparing $418,200 with $679,700) and the higher is used.

Hence to faithfully represent the current details of the status of the land, the IFRS (International Financial Reporting Standards) states that the entity should record the value of land at fair value.

I hope this is clear and easy to understand.

Other concepts you might want to check out are;

depreciation

carrying amount

revaluation surplus

fair value

4 0
3 years ago
Blaine manages the tellers at a branch of commerce bank. he is working on the schedule for cashier coverage on payday this frida
balu736 [363]
I think the correct answer from the choices listed above is the third option. Blaine is involved in operational planning.  <span>is a detailed </span>plan<span> used to provide a clear picture of how a team, section or department will contribute to the achievement of the organisation's strategic goals.</span>
4 0
3 years ago
Deindividuation is.
Kipish [7]

the tendency to feel anonymous in a large group (apex)

3 0
3 years ago
Read 2 more answers
The data on a loan has been collected in the Microsoft Excel Online file below. Open the spreadsheet and perform the required an
algol13
A=2610 you didn’t show the question but I help for nomber one
4 0
3 years ago
Zouar Computer Corporation currently manufactures the disk drives that it uses in its computers. The costs to produce 5,000 of t
vovikov84 [41]

Answer:

Zouar Computer Corporation

a. $15,000 better to buy.

Explanation:

a) Data and Calculations:

Production capacity = 5,000

Cost per drive

Direct materials                            $12

Direct labor                                      2

Variable manufacturing overhead 5  $19

Fixed manufacturing overhead      7

Total                                            $26

Avoidable costs:

Direct materials                            $12

Direct labor                                      2

Variable manufacturing overhead 5

Fixed manufacturing overhead      3

Avoidable opportunity cost            8 ($40,000/5,000)

Total avoidable costs                 $30

It will be financially better off buying the drives:

                                      Make        Buy             Difference

Total avoidable costs $150,000   $135,000   $15,000 ($150,000 - $135,000)

3 0
3 years ago
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