Answer:
One behavioral bias that might explain why Schlicksup was prepared to take the risk of blowing the whistle in this case is Reducing Regrets.
Explanation:
The only sin of Schlicksup was that he "was an accountant at Arthur Andersen (he auditing firm that was criminally indicted in the Enron scandal and went out of business)." Self-convinced that he was going to get fired from Caterpillar, he then wanted to blow the whistle by 2008, which he should have done before being employed in Caterpillar, anyway. He is surely suffering from the bias of reducing his regrets. This makes him to be emotionally involved and to reach wrong conclusions that might not be based on facts. He did not even ask himself if he was involved directly in the Enron-Arthur Andersen scandal. Even if he was directly involved, has he not expressed remorse for his former actions to enable him to move on in life? Schlicksup is simply going to illogical lengths to avoid having to own the feeling of regret.
Based on the financial details of Ernst Consulting, the Income Statement would be:
Ernst Consulting Income Statement
Revenue
Consulting revenue <u> 18,350</u>
Total revenue <u> 18,350</u>
Expenses
Miscellaneous expenses 720
Rent expense 4,820
Salaries expense 8,370
Telephone expense 910
Total Expenses <u> (14,820)</u>
Net Income $3, 530
<h3>What is the Net Income used for?</h3>
The net income allows the company to see its total profits for the year after expenses have been accounted for.
It is calculated by deducting expenses from the revenue like Ernst Consulting's income statement shows.
Find out more on the Income Statement at brainly.com/question/21851842.
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<span>a. speakers b. listeners c. critical thinkers d. all of the aboved. D. these are all good</span>
Answer:
d. $ 0.16 per board feet
Explanation:
From the data in the question, the tract of land is to be depreciated based on the usage method of depreciation,
The computations are as follows:
Cost of tract of land $ 1,000,000
Less: Estimated salvage value $ ( 200,000)
Depreciable basis for land $ 800,000
Estimated usage from tract of land 5,000,000 board feet
Depreciation per board feet
Depreciation basis/ estimated usage $ 800,000/ 5,000,000 = $ 0.16 per board feet
The answer is true because activity is important and shouldn't be discouraged.
