Evaluate Mark’s conduct using the Six Pillars of Character. Did Mark violate any rules in the AICPA Code? Should he be permanent
ly banned from practicing in the state? Explain. Mintz, Steven. Ethical Obligations and Decision-Making in Accounting: Text and Cases (p. 274). McGraw-Hill Higher Education. Kindle Edition.
1 answer:
Answer:
There are 3 cases
The First case
In this case, the six pillars of the ethical reasoning and characters are caring, responsibility, trustworthiness, citizenship, respect and fairness. Caring pillar requires making decision while taking other people into consideration. It requires the decision made to be kind and compassionate. At the time of making ethical decision it should be kept in mind that less harm should be caused. Responsibility pillar helps an individual to analyze that all the actions have some or the other consequences.
Explanation:
See attached images for the other two cases
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Answer:
Answer is explained in the explanation section below.
Explanation:
Data Given:
Material Cost Per Trailer = $500
Material Cost plus Profit Per Trailer (15%) = $500 + 75 = $575
Selling Price = $1000
Labor Cost Remaining Per Trailer = $425
Formula to Calculate the number of Trailers:
X = X1 ()
Where,
N = number of Trailers
S = Slope Parameter
X = $425
X1 = $700
So, First we need to find the slope parameter, in order to calculate the number of trailers to be built.
S =
where, α = 0.85 rate of improvement.
Plugging in the values into the formula, we get:
S =
S = -0.234
Now, we can easily find the number of trailers.
X = X1 ()
Plugging in the values,
425 = 700 x ()
Solving For N, we get:
N = 8.4 Trailers
N = 9 Trailers.
Hence, 9 Trailers must be built in order to realize this rate of profit.