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3 years ago

5

In a business decision where there are ethical concerns, the preferred course of action should be one that: avoids casting doubt

on the decision maker and upholds trust.

1 answer:

pentagon [3]3 years ago

8 0

yes that is what should be done

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Seth, Janice, and Lori each borrow 5,000 for five years at an annual nominal interest rate of 12%, compounded semi-annually. Set

Margaret [11]

Answer:

The total amount of interest paid on all three loans is 8,748.

Explanation:

Each person has borrowed 5,000 for the same period and with the same interest rate. However, the repayment is made differently by each person.

We calculate the interest paid by each person, and then sum up the three interest payments.

Seth pays = [5000 x (1 + 0.12/2)^10] - 5000 = 3,954

Janice pays = 5,000 X 0.06 x 10 = 3,000

Lori pays = [(5,000 x 10) / 7.36] - 5,000 = 1,794

Total interest payment = 3,954 + 3,000 + 1,794 = 8,748

3 0

3 years ago

Read 2 more answers

Peyton sells an office building and the associated land on May 1 of the current year. Under the terms of the sales contract, Pey

Westkost [7]

Answer:

$2,466,000

Explanation:

Given that,

Cash Received = $1,600,000

Mortgage assume by purchaser = $950,000

Broker's commission = $75,000

points paid by seller = $9,000

Peyton's amount realized:

= Cash Received + Mortgage assume by purchaser - broker's commission - points paid by seller

= $1,600,000 + $950,000 - $75,000 - $9,000

= $2,466,000

Therefore, the amount realized by Peyton is $2,466,000.

4 0

3 years ago

Suppose a worker in Peru can produce 11 lamps or 4 dressers in a day and a worker in Canada can produce 15 lamps or 6 dressers i

wolverine [178]

Answer:

4/11 and 6/15 dressers.

Explanation:

Absolute advantage is the ability of a country to produce more of a product given the same resources than another country per unit time. It also applies when a country is able to produce same amount of goods with another country given less inputs.

So a country that produces more goods uses a more efficient process to get more output.

In this scenario a worker in Peru can produce 11 lamps or 4 dressers in a day and a worker in Canada can produce 15 lamps or 6 dressers in a day. Canada has absolute advantage in producing lamps and dressers, so importing these items will not be beneficial.

To get a balance where both countries will benefit a lamp will have to go for a ratio of each countrie's product to the opportunity cost.

That is for Peru to produce 4 dressers it will have opportunity cost of 11 lamps. So the ratio is 4/11.

Also for Canada to produce 6 dressers it will have opportunity cost of 15 lamps. So the ratio is 6/15.

Lamp should trade for between 4/11 to 6/15 dressers for both countries to benefit.

4 0

3 years ago

In 2016, a grandfather gave a life estate to his grandson and a remainder interest to his granddaughter. Each interest is valued

ycow [4]

The gift to the grandaughter is <span>Partially shielded by the annual gift tax exclusion. In the year of 2016, the federal government created </span><span>the </span>estate<span> and gift </span>tax exemption<span> is $5.45 million per individual.
Which means that the inheritence that given to the granddaughter would be tax free as long as it does not surpass the net value of 5.45 million.</span>

7 0

3 years ago

Craig Company uses a predetermined overhead rate to assign overhead to jobs. Because Craig's production is machine intensive, ov

melisa1 [442]

Answer:

1. $14.4 per machine hour

2. $78,000 over-applied

Explanation:

The computation is shown below:

1. Predetermined overhead rate = (Expected overhead for the year) ÷ (practical level of activity)

= $5,702,400 ÷ 396,000 machine hours

= $14.4

b. The overhead variance is

For computing the overhead variance, first we have to determine the applied overhead that is given below

= Actual machine hours × predetermined overhead rate

= 404,000 machine hours × $14.4

= $5,817,600

So, the overhead variance equals to

= Actual manufacturing overhead - actual overhead

= $5,739,600 - $5,817,600

= $78,000 over-applied

4 0

3 years ago