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prohojiy [21]
3 years ago
5

Steve is deep in debt due to a gambling problem. He is the bookkeeper for a family owned business, Cal Poly Greenery. The compan

y has only three employees Steve,
the husband, and the wife. All three have been friends for many years. One day the loan shark who lent Steve $20,000 comes knocking at his door asking for repayment of the loan. Steve convinces the loan shark to give him another day. The following day Steve writes a check
on the company's books to himself for $20,000. Since he reconciles the bank accounts and prepares the financial statements, Steve knows it's unlikely the owners will ever know about what he has done. From an ethical perspective, Steve has
A. Violated the trust placed in him by the owners
B. Risked his reputation if the owners find out
C. Compromised his integrity
D. All of these
Business
1 answer:
PIT_PIT [208]3 years ago
7 0

Answer:

The answer is: D) All of the above.

Explanation:

What Steve just did is not only unethical buy also illegal. Of course he violated the trust placed in him by the owners. They thought they were friends and no one would expect his friend to betray them like this. He doesn´t only risk his reputation if the owners find out, he risks going to jail. With his actions Steve has shown us he doesn´t have any moral integrity.

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Answer: = $2,731.14

Explanation:

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The payment will be constant so is an annuity.

Present Value of an Annuity = Payment * Present Value Interest Factor of an annuity

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4,000 = Payment * 2.7232

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This annual Payment is divided into an interest component and a component going towards principal repayment.

Interest component =  5% * 4,000

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abruzzese [7]

Answer:

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sukhopar [10]

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Explanation:

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