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damaskus [11]
3 years ago
11

Describe the actions of people and organizational leaders directly and indirectly involved with the tragedy. Specifically, addre

ss the ethical issues they faced
Business
1 answer:
7nadin3 [17]3 years ago
5 0

Explanation:

The ethical issues throughout the actions of these people and community members The first move was to provide help for the people affected when the disaster of Hurricane Andrew was resolved. The people in the affected areas and aid agencies have been involved. The treatment and ethics issue contributed to the offer of such relief. As far as the ethic of care is involved, individuals have a duty in respecting the health of others in distress. Thus, this kind of philosophy was followed in this situation by providing the resources to help those impacted by the hurricane with their welfare.

Homes were destroyed, and shelter was needed. Various organisations, however, were knowingly or unknowingly interested in providing food and clothing as well as other basic necessities for such men. However, the ethical issue was the main driving force behind search and rescue operations for those directly impacted by the incident.

An example is the Bahamas National Disaster Coordinator, who played a significant role in motivating their employees to ensure that they offered timely relief to the survivors. The local population was also mobilized as often as possible to support the crisis. It is also the nature of people to support if circumstances allow them to do it anyway face. Hurricane Andrew was a shocking event for the citizens of Bahamas and Louisiana, and therefore the care and compassion ethics had to inspire the local population and different organisations.

While massive property damage happened, the ethics have helped to reduce the number of victims significantly.

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Herrindale Mart borrows $420,000 on July 1 with a short-term loan that has an annual interest rate of 5% which is payable on the
kirill [66]

Answer:

August 31, 202x (assuming a 360 day year)

Dr Interest expense 1,750

    Cr Interest payable 1,750

Explanation:

The journal entry to record the loan:

July 1 , 202x

Dr Cash 420,000

    Cr Notes payable 420,000

The journal entry to record accrued interest on the loan:

August 31, 202x (assuming a 360 day year)

Dr Interest expense 1,750

    Cr Interest payable 1,750

Interest expense = $420,000 x 5% x 2/12 = $1,750

3 0
3 years ago
On December 31, 2017, Extreme Fitness has adjusted balances of $800,000 in Accounts Receivable and $55,000 in Allowance for Doub
Anastaziya [24]

Answer:

Accounts receivable is $745,000

Explanation:

The company would report as net receivable, the total amount on accounts receivable minus total amount on the Allowance for uncollectible Accounts, which implies that the balance represent the amount of credit that will not be possible to collect again hence, the value represent balance on net accounts receivable.

Accounts receivable = Adjusted balance in accounts receivable - Allowance for doubtful accounts

= $800,000 - $55,000

= $745,000

6 0
3 years ago
Why is education base of an occupation? Explain.​
irga5000 [103]

Occupational education refers to a total program of education oriented to the world of work. Occupational education should be gin to take form in the elementary school with a basic introduction to the world of work in terms appropriate to the maturity level of the students.

7 0
3 years ago
The following information concerns the intangible assets of Epstein Corporation: On June 30, 2021, Epstein completed the acquisi
Fittoniya [83]

Answers:

a. Acquisition of cost of corporation =         $2,420,000

Less: Fair value of net identifiable assets = $<u>2,050,000</u>

Cost of good will =                                          $370,000

Note: Goods will is not amortized

b. Cost of patent purchase = $91,200

Legal life = 13 years

Estimated useful life= 8 years

Ammortization = Cost / Estimated useful life

= $91,200/8 years

=$11,400

Ammortization per annum is $11,400

Patent is purchased on 30/6/2021

Calculation of amortization for 6 months periods

Amortization for 6 months (July-December)= $11,400 * 6/12

=$5,700

Note: Amortization should be amortized on basis of their amortized value that is, 8 years.

c. Calculation of amortization cost for franchise

Cost = $250,800

Life=11

Purchased on 1/10/2021

Amortization = Cost / Estimated useful life

= $250,080/11

=$22,800

Amortization per annum is $22,800

Calculation of the amortization for 3 month period=

Amortization of 3 month (Oct-Dec.) = $22,800 * 3/12

=$5,700

d,       Journal Entries            Debit$      Credit$

Amortization Expenses       5,700

Patent                                                   5,700

(To record the amortization expenses)

Amortization Expenses       5,700

Franchise                                                5,700

(To record the amortization expenses)

e.                             Partial  Balance Sheet

Assets                                                   $                $

Current Assets

<u>Long term Assets</u>

Tangible assets                                               2,050,000  

<u>Intangible assets</u>

Goodwill                                                           370,000          

Patent                                                91,200

Less: Accumulated Depreciation    <u>11,400 </u>      79,800

Franchise                                         250,800

Less: Accumulated Depreciation   <u>22,800</u>     228,000

6 0
3 years ago
Consumer​ surplus:
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Consumer surplus is the difference between the maximum amount the consumer is willing to pay for the price of the good and the price that was actually paid by the consumer or commonly known as the current market price. The price that the consumer is willing to pay is determined by the demand curve in the market.

8 0
4 years ago
Read 2 more answers
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