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Kryger [21]
3 years ago
10

John works in accounting. He received a birthday gift from a close personal friend, who happens to be employed by a supplier to

his company. John has no direct or indirect influence over the business relationship with the supplier.
Which of the following is true?

a. It would be unethical to accept the gift due to a conflict of interest.

b. Because John has no influence over the business relationship with the supplier, it is fine to accept the gift.

c. It is John's ethical duty to accept the gift because he should help to maintain the business relationship between his company and his friend's company.

d. None of the above
Business
1 answer:
vichka [17]3 years ago
3 0

Answer:

The correct answer is letter "D": None of the above.

Explanation:

<em>Even if John has no direct either indirect influence in the business it is not suitable for him to accept the gift from his friend</em>. The position John's friend has in the supplier company is unknown which implies his friend could play a managerial role, therefore, it is better to avoid any type of action that could be a signal of preference towards that company.

Besides, John works in accounting which is an administrative department of the business, thus, John should be extra careful in his actions regardless of the influence he might have in the firm.

You might be interested in
Beau Corporation sells a unit of its product for​ $250 per​ unit, while its variable costs per unit are​ $75. Fixed cost are bud
wolverine [178]

Answer:

Number of units that must be sold to earn the target profit is 3000 units.

The contribution margin ratio is 0.70

Explanation:

We will use the break even analysis modified for target profit to calculate the number of units needed to earn the desired

The break even point in units is calculated by dividing the fixed cost by the contribution margin per unit. To calculate the number of units required to earn the desired profit, we add the desired profit to fixed cost and divide it by the contribution margin per unit.

Contribution margin per unit = 250 - 75  =  $175

Number of units required to earn target profit = (325000 + 200000) / 175

Number of units required to earn target profit = 3000 units

The contribution margin ratio is = 175 / 250   =  0.7 or 70%

Dollar Sales required to earn target profit = $4,812,500

8 0
3 years ago
The following information is available for Splish Brothers Corp. for the year ended December 31, 2022. Other revenues and gains
Readme [11.4K]

Answer:

Net Income    <u>  195,300</u>

Explanation:

The question is to prepare a  multi-step income statement

Splish Brothres Corp

Income Statement for the year ended December 31, 2022

Particulars/Description                               Amount ($)                    Amount ($)

Sales Calculation                                      

Sales Revenue                                                                                   747,000

Subtract:

Sales Returns                                               9,000

Sales discounts                                            3,200                            (12,200)

Net Sales                                                                                             734,800

Cost of Goods sold                                                                             (283,000)

Gross Profit                                                                                          451,800

Operating Expenses                                                                           (210,000)

Operational Income                                                                             241,800

Other gains and revenue                         21,800

Other Expenses and losses                      (3,200)                                 18,600

Income before Income Taxes                                                              260,400

Income tax expense (25% x 260,400)                                              <u>   (65,100)</u>

Net Income                                                                                        <u>   195,300</u>

4 0
3 years ago
Because your patented Gidgit is starting to gain attention and investors are starting to show interest, the executive committee
RideAnS [48]

Answer:

False.

Explanation:

Patent can be defined as the exclusive or sole right granted to an inventor by a sovereign authority such as a government, which enables him or her to manufacture, use, or sell an invention for a specific period of time.

Generally, patents are used on innovation for products that are manufactured through the application of various technologies.

Basically, the three (3) main ways to protect an intellectual property is to employ the use of trademarks, copyright and patents.

In this scenario, Because your patented Gidgit is starting to gain attention and investors are starting to show interest, the executive committee is considering becoming a publicly held company.

Since Gidgit is patented it cannot be sold to the government because it is a registered intellectual property that cannot be used or sold without the approval or consent of the owner.

4 0
3 years ago
The following shows annual production costs and profits at Gauss-Jordan Sneakers, Inc. A - B - C - D Production Costs : 2004 - 2
mars1129 [50]

Answer:

   A                              B              C               D

Production Costs :    2004   -   2005   -   2006

Gauss Grip :             $2,300 -  $2,700  -  $2,900

Air Gauss :                $1,900 -   $2,200 -  $1,700

Gauss Gel :               $2,000 -  $2,500 -  $1,800

Profit :                          2004   -   2005   -   2006

Gauss Grip :             $12,000 - $16,000 - $18,000

Air Gauss :               $10,000 - $14,000 -  $16,000

Gauss Gel :              $11,000  - $16,000 - $14,000

As we know:

Revenue = Cost + Profit

*Proper Matrix format is also attached in the picture with this answer.

Production Costs :    2004  2005  2006

                                  \left[\begin{array}{ccc}2300&2700&2900\\1900&2200&1700\\2000&2500&1800\end{array}\right]

Profit :                         2004  2005  2006

                                \left[\begin{array}{ccc}12000&16000&18000\\10000&14000&16000\\11000&16000&14000\end{array}\right]

Revenue :         2004               2005               2006

                  \left[\begin{array}{ccc}2300+12000&2700+16000&2900+18000\\1900+10000&2200+14000&1700+16000\\2000+11000&2500+16000&1800+14000\end{array}\right]

Revenue :                2004   2005   2006

                             \left[\begin{array}{ccc}14300&18700&20900\\11900&16200&17700\\13000&18500&15800\end{array}\right]

4 0
3 years ago
How can you assist the ProServices team in serving Pro customers in your
horrorfan [7]

Answer:

<h2>ProServices Team and Pro Customers</h2>

Assisting the ProServices Team in serving Pro customers in my department.  Here I have assumed that my department manages and coordinates the relationship with Pro customers:

A. Pull orders for Pro customers in advance and have them ready to pick-up

B. Call Pro customers to maintain relationships and proactively seek out business

C. Monitor inventory levels to make sure key Pro items are in-stock

D. Price match other retailers to give Pro the best price

E. Identify pro customers and introduce them to the ProServices team​.

Explanation:

“Pro” customers are a group of independent contractors, repair remodelers, specialty tradesmen, property management, and facility maintenance professionals who are afflicted to an organization offering ProServices.  They are not the end customers.  Between my organization and the customers, they are middlemen and women who are organized by my ProServices organization to offer specialty services to the general public in a professional manner that  guarantees customer satisfaction and payment to the professionals for services rendered.  In doing this, the ProService organization charges the Pro customers a fixed fee, which is deducted from the payments made by the end-customers.

8 0
2 years ago
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