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vagabundo [1.1K]
3 years ago
7

Ethical dilemma ethical lapse

Business
1 answer:
makkiz [27]3 years ago
5 0

Answer:

An ethical lapse is a mistake or error in judgement that produces a harmful outcome (Roslyn Frenz, n.d., para. ... Otherwise there are grave consequences for such ethical lapses and could result in widespread harm to the company and to the society at large.

In both situations presented, I believe them to be ethical dilemmas. An ethical dilemma is considered to be a problem between two possibilities that are not acceptable or preferable. Making a choice between the two would result in hurting the other. Employing the child is wrong because of labor laws, but the child is able to provide for themselves because of it. Taking away the employment would make the child homeless and hungry. The second scenario is also a dilemma because you run the risks of loosing profits if you do things the correct way. Neither choice would result in a preferable outcome. Doing the right thing sometimes comes with a price.

Explanation:

Examples of ethical lapses include business-related misconduct such as fraud, bribery, insider trading, and environmental disasters involving negligence or recklessness. They also include personal ethical misconduct, such as inflated résumés and sexual indiscretions.

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Johnson Co. has 1,000,000 euros as payables due in 30 days, and is certain that the euro is going to appreciate substantially ov
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Based on the fact that the Euro will appreciate, the best thing for Johnson Co. to do is to e.purchase euros forward.

<h3>What should Johnson Co. do?</h3>

The fact that the Euro is going to appreciate in value means that Johnson Co. will have to pay more in future.

They should therefore lock in a favorable Euro rate now by purchasing Euros at a forward rate.

Find out more on purchasing forward at brainly.com/question/14090802.

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3 years ago
Victoria Enterprises has $1.6 million of accounts receivable. The company's DSO is 40, its current assets are $2.5 million, and
astraxan [27]

Answer:

1.26

Explanation:

Current ratio=1.5

DSO=40

DSO=Net sales/Average Accounts receivable

40=(Average Accounts receivable/Net sales)*365

1,600,000/(40/365)=Net sales

Net sales=$14,600,000

Revised DSO=30

(30/365)=Average Accounts Receivable-revised/$14,600,000

Average Accounts Receivable-revised=$1,200,000

Current Assets-Old Receivables+New Receivables= $2,500,000-1,600,000+1,200,000=$2,100,000

Current liabilities=2,500,000/1.5

Current liabilities=$1,666,667

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4 years ago
Which of the following is a rule of thumb for cell phone or smartphone etiquette?
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I would have to say D. all of the above
8 0
3 years ago
Read 2 more answers
Disposal of Fixed Asset
andreev551 [17]

Answer:

$328000

Explanation:

Given: Cost of machine= $880000

           Residual value= 60000

           Estimated life= 10 years

Company use straight line depreciation method.

∴ Depreciation = \frac{\textrm{cost of machine- residual value}}{estimated\ useful\ life}

⇒ Depreciation= \frac{880000 - 60000}{10} = \frac{820000}{10}

∴ Depreciation= \$ 82000 per year.

Now, lets find the value of depreciation.

∵ Machine is sold on December 31, 2019, which is 6 years after it is installed.

∴ Depreciation value after 6 years= \textrm{Depreciation value every year \times number of years used}

Depreciation value after 6 years= 82000\times 6 = \$ 492000

Next, finding the value of machine after 6 years of depreciation.

Value of machine after 6 years= 820000 - 492000= \$ 328000

∴ Disposal value of machine after 6 years of usage is \$ 328000, however, machine was sold at $225000.

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