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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.

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The following data pertain to Dakota Division’s most recent year of operations. Income $ 4,950,000 Sales revenue 57,500,000 Aver
Kipish [7]

Answer:

Dakota Division's sales margin, capital turnover, and return on investment for the year is 8.61% , 575% and 49.5% respectively

Explanation:

The computations are shown below:

Sales margin:

= Operating Income ÷ Sales revenue × 100

= $4,950,000 ÷ $57,500,000 × 100

= 8.61%

Capital Turnover:

= Sales revenue ÷ Average invested capital × 100

= $57,500,000 ÷ $10,000,000  × 100

= 575% or 5 times

Return on investment:

= Operating Income ÷ Average invested capital  × 100

= $4,950,000 ÷ $10,000,000 × 100

= 49.5%

3 0
3 years ago
Fiscal policy refers to the:A. manipulation of government spending and taxes to stabilize domestic output, employment, andthe pr
DiKsa [7]

Answer:

(A) manipulation of government spending and taxes to stabilize domestic output, employment, and the price level.

Explanation:

Fiscal policy is a means used by the government for the maintenance of the economy of the nation. This is the means by which the government influences a nation's money supply.

When the money in the economy increases alongside the increase of demand, the value of money in the economy will be decreased. Fiscal policy can now be used to curb excess money in the economy. Fiscal policy is mainly for the stabilization of the nation's economy.

6 0
3 years ago
BarkBark Inc. and Happy Toys Ltd. are considering a merger and are worried that their two organizational cultures will clash. Th
Alexus [3.1K]

Answer:

Integration

Explanation:

Intergration can be defined as a scenario where a group of people with a particular culture decide to adopt another culture without sacrificing characteristics of their present culture.

In the given scenario Bark Bite has two sets of employees with overlapping values they can use to form a new culture. If the different groups adopt the new culture without sacrificing their old one it is called culture intergration.

This is the type of cultural merge the company needs at this time

8 0
3 years ago
Guerra Electronics manufactures a variety of electronic gadgets for use in the home. Which of the following would probably be th
zvonat [6]

Answer: b. Inspection time

Explanation: Overhead allocation is required under the rules of various accounting frameworks and is defined as the apportionment of indirect costs (costs used by multiple activities which cannot be assigned to specific cost objects) to produced goods. Overhead allocation is quite significant because often times, it is substantially greater than the direct cost of goods.

The time spent for inspection which is vital to controlling quality, reducing manufacturing costs, eliminating losses and assigning causes of defective work etc. would be the most accurate measure of activity to use for allocating the costs of inspecting finished products as it is included in manufacturing overhead.

4 0
3 years ago
Luna Manufacturing uses a process costing-system. Luna uses the weighted average method . The following information pertains to
Goshia [24]

Answer:

conversion cost per equivalent unit: 10.47

Explanation:

Luna uses the weighted average method:

complete units + equivalent units ending WIP

Completed  during the period  187,000

ending WIP      197,000 x 30% =<u> 59,100‬ </u>

       Equivalent units                 246,100‬

cost: beginning invenotry + added during the period

165,600 + 2,410,800 = 2,576,400‬

cost per equivalent unit: cost / equivalent untis

2,576,400 / 246,100 = 10,4689 = 10.47

3 0
3 years ago
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