All categories

4 years ago

When attempting to arrive at an ethical decision, one of the first questions you should ask is ___________

Business

1 answer:

Alika [10]4 years ago

4 0

Answer:

c. "Does the decision violate your personal sense of right and wrong?

Explanation:

c. "Does the decision violate your personal sense of right and wrong ?

It is C because ethics deals with the clarity or right verses wrong. It gives a clear distinction between right and wrong. Let us consider the situation of A . if we keep in mind that what are the facts without knowing the right and wrong it would not be easy to make a decision. Now chose B if we find the alternatives without knowing the wrong ones the decision would disturb the whole company. And now if we consider D that our future decisions depend on a wrong decision again everything would turn upside down . So the best choice is C

You might be interested in

Compute the charitable contribution deduction (ignoring the percentage limitation) for each of the following C corporations. a.

mote1985 [20]

Answer:

$27,000

Explanation:

Computation for the charitable contribution deduction

Using this formula

Charitable contribution deduction = (Adjusted basis )+[ 50% (Fair Value – Adjusted Basis)]

Let plug in the formula

Charitable contribution deduction= 24,000 + [50% (30,000 – 24,000)]

Charitable contribution deduction= 24,000+ (50%*6,000)

Charitable contribution deduction= 24,000+3,0000

Charitable contribution deduction = 27,000

Therefore the charitable contribution deduction will be $27,000

5 0

3 years ago

Wildhorse Co. had the following assets on January 1, 2022. Useful Life (in years) Item Cost Purchase Date Useful Life (in years)

Naddika [18.5K]

Solution :

<u>Journal Entry</u>

Date Account and Explanation Debit Credit

1 Jan,2022 Accumulated depreciation-machine $ 68,000

Machine $ 68,000

30 June, Depreciation expense, $\left(\frac{27000}{5} \times \frac{6}{12}\right)$ $ 2700

2022 Accumulated depreciation- Forklift $ 2700

30 June, Cash $ 11,700

2022 Accumulated depreciation- Forklift, $ 18,900

$\left(\frac{27000}{5} \times 3.5 \right)$

Gain on sale of forklift $ 3600

Forklift $ 27000

31 Dec, Depreciation expense, $\left( \frac{33400-3000}{8}\right)$ $ 3800

2022 Accumulated depreciation - Truck $ 3800

31 Dec, Accumulated depreciation - Truck, $ 22800

2022 $\left( \frac{33400-3000}{8} \times 6\right)$

Loss on disposal of truck $ 10600

Truck $ 33400

7 0

3 years ago

What happens when there are only a few large customers in the market?

kkurt [141]

The price become stable

5 0

3 years ago

TunaCo purchases 25% of Stanley, Inc. on January 1 of the current year for $500,000. This acquisition gives TunaCo the ability t

Sidana [21]

Answer:

$512,500

Explanation:

Data provided in the question:

Percentage of Stanley, Inc purchased by TunaCo = 25%

Amount for which the TunaCo purchased = $500,000

Assets on Stanley = $160,000

Liabilities of Stanley = $400,000

Useful life of building = 15 years

Book value of the building = $100,000

Fair market value = $400,000

Net income reported by Stanley = $140,000

Dividend paid = $70,000

Now,

Annual depreciation = [Fair value - Book value] ÷ Useful life

= [ $400,000 - $100,000] ÷ 15

= 20,000

Now,

Total account balance of Stanley = Net income reported by Stanley - Annual depreciation - Dividend paid

= $140,000 - $20,000 - $70,000

= $50,000

Account balance of TunaCo = Initial investment + 25% of account balance of Stanley

= $500,000 + [ 25% of $50,000]

= $500,000 + $12,500

= $512,500

5 0

4 years ago

Teal Mountain Inc. issues $5.0 million, 10-year, 8% bonds at 101, with interest payable on January 1. The straight-line method i

Troyanec [42]

Answer:

Dec. 31

Dr Interest expense $405,000

Cr Discount on bonds payable $5,000

Cr Cash $400,000

Explanation:

Preparation of the journal entry to record interest expense and bond premium amortization on December 31, 2022

Dec. 31

Dr Interest expense $405,000

($400,000+$5,000)

Cr Discount on bonds payable $5,000

[$5,000,000 - ($5,000,000 x 101/100)/10]

Cr Cash ($5,000,000 x 8%) $400,000

(To record interest expense and bond premium amortization)

8 0

3 years ago