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tensa zangetsu [6.8K]
4 years ago
12

You discover a salesman is receiving kickbacks from your largest customer, analog concerns. the information comes in an anonymou

s letter. you fail to find the author but the contents are verified. do you :
1. replace the salesman
2. ask for a cut
3. ignore situation
Business
1 answer:
enot [183]4 years ago
8 0

I shall replace the salesman after discovering that a salesman is receiving kickbacks from my largest customer, analog concerns.

Answer: Option A

<u>Explanation:</u>

In the above mentioned scenario, the salesman is given a kickbacks - "advantages" for either the good relationship that they have maintained with the client or for luring them to always provide them the product/service with discounts.

So in this situation I would obviously replace the salesman because such situations cannot be ignored and there is no assurance that the salesman will not take kickbacks henceforth. And asking for a cut is ethically wrong as the salesman getting the kickbacks.

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A nine-year project is expected to generate annual revenues of $137,800, variable costs of $82,600, and fixed costs of $11,000.
AleksAgata [21]

Answer:

Option (a) is correct.

Explanation:

Given that,

Annual revenues = $137,800,

variable costs = $82,600

Fixed costs = $11,000

Annual depreciation = $23,500

Tax rate = 34 percent

Annual Income before Taxes:

= Annual revenues - Variable cost - Fixed Costs - Depreciation

= $137,800 - $82,600 - $11,000 - $23,500

= $20,700

Net income:

= Annual Income before Taxes × ( 1 - T)

= $20,700 × 0.66

= $13,662

Annual operating cash flow:

= Net income + Depreciation

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3 0
3 years ago
Sue and Andrew form SA general partnership. Each person receives an equal interest in the newly created partnership. Sue contrib
zloy xaker [14]

Answer:

$0

Explanation:

Given that

Sue contributed amount = $18,000

FMV of land = $63,000

Basis in land = $28,000

Andrew contributed amount = $20,000

FMV of Building = $41,000

Basis in equipment = $16,000

Basis in building = $28,000

Based on the above information, the gain that would be recognized is $0 as Partnerships recognize no gain on receiving contributed valued property. At the disposal of the asset, the constructed-in benefit or constructed-in loss will be revealed. For this, the partnership basis property i.e being acquired should be based on a carryover basis.

7 0
4 years ago
A machine to manufacture fasteners has a setup cost of $1,100 and a unit cost of $0.006 for each fastener manufactured. A newer
ycow [4]

Answer:133333 units

Explanation:

Given

For First machine

Setup cost=$ 1100

unit cost =$ 0.006

For new machine

Setup cost=$ 1700

unit  cost=$ 0.0015

Let x units be manufactured .

for Break even point

First machine manufacturing cost=New machine manufacturing cost

1100+(0.0060)x=1700+(0.0015)x

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x=133333.333\approx 133333 units

5 0
3 years ago
Sweet has year-end account balances of Sales Revenue $811,419, Interest Revenue $12,690, Cost of Goods Sold $575,593, Administra
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Answer:

Sales Revenue $811,419

Interest Revenue $12,690

Cost of Goods Sold $575,593

Administrative Expenses $189,840

Income Tax Expense $31,877

Dividends $18,984.

<u>Year end Closing Entries</u>                  Dr.                              Cr.

1.

Sales revenue                                $811,419

Interest revenue                            $12,690

Income Summary                                                             $824,109

2.

Income Summary                           $797,310

Cost of Goods Sold                                                         $575,593

Administrative Expenses                                                $189,840

Income Tax Expenses                                                     $31,877

3.

Income Summary                           $26,799

Retained Earning                                                             $26,799

4.

Retained Earning                           $12,690

Dividend                                                                           $824,109

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