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3 years ago

What is the bad side of profit motive?

2 answers:

8 0

Answer: The profit motive that drives companies and individuals all too often gives way to greed. The power of leadership all too often gives way to elitist domination. The accumulation of wealth can look like excess or hoarding while income inequality increases in economies around the globe.

sry for the big words. its off the internet.

Daniel [21]3 years ago

3 0

Answer:

The profit motive that drives companies and individuals all too often gives way to greed. The power of leadership all too often gives way to elitist domination. The accumulation of wealth can look like excess or hoarding while income inequality increases in economies around the globe

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Only one of the approaches to ethical reasoning has as its central tenet that actions are more right if they promote more happin

Mice21 [21]

Answer:

A. End-result ethics

Explanation:

7 0

3 years ago

Collect 5 source documents and write a short essay on the importance of the 5 source documents you have attached

7nadin3 [17]

Answer:

Explanation:

Deposit slip: This is used in depositing money into a particular bank account.

Invoices: An invoice shows that a sale has taken place.

Cheque: It is used in ordering the back to pay someone the amount of money that's written on it.

Purchase orders: It is a document that's issued by the buyer and it shows the type of good bought, quantity bought, prices at which they were bought.

Sales receipt,: It shows that a customer has made payment as it is an evidence of payment

8 0

3 years ago

The following account balances were taken from the adjusted trial balance for Urgent Messenger Service, a delivery service firm,

zepelin [54]

Answer:

$186,750

Explanation:

Urgent Messenger Service,INCOME STATEMENT for the year ended

Fees Earned 724,500

Less Expenses:

Salaries expenses 393,100

Rent expenses 75,000

Utilities expense 41,200

Depreciation expenses 10,650

Miscellaneous expenses 6,650

Supplies expense 6,150

Insurance expense 5,000

Net income (724,500-537,750 ) 186,750

6 0

4 years ago

Claire Corporation is planning to issue bonds with a face value of $240,000 and a coupon rate of 8 percent. The bonds mature in

Sveta_85 [38]

Answer:

a) issue price

PV of face value = $240,000 / (1 + 3%)⁸ = $189,458

PV of coupon payments = $4,800 x 7.0197 (PV annuity factor, 3%, 8 periods) = $33,695

market price = $223,153

January 1, bonds issued at a discount

Dr Cash 223,153

Dr Discount on bonds payable 16,847

Cr Bonds payable 240,000

b) discount amortization = ($223,153 x 3%) - $4,800 = $1,895

discount amortization = ($225,048 x 3%) - $4,800 = $1,951

discount amortization = ($226,999 x 3%) - $4,800 = $2,010

discount amortization = ($229,009 x 3%) - $4,800 = $2,070

March 31, first coupon payment

Dr Interest expense 6,695

Cr Cash 4,800

Cr Discount on bonds payable 1,895

June 30, second coupon payment

Dr Interest expense 6,751

Cr Cash 4,800

Cr Discount on bonds payable 1,951

September 30, third coupon payment

Dr Interest expense 6,810

Cr Cash 4,800

Cr Discount on bonds payable 2,010

December 31, fourth coupon payment

Dr Interest expense 6,870

Cr Cash 4,800

Cr Discount on bonds payable 2,070

c) bonds' carrying value at December 31 = $231,169

8 0

3 years ago

Outstanding debt of Home Depot trades with a yield to maturity of %. The tax rate of Home Depot is . What is the effective cost

natali 33 [55]

Answer: 3.6%

Explanation:

The effective cost of debt is the interest rate adjusted for taxes so it is expressed by;

= Interest (1 - tax rate)

= 6% ( 1 - 40%)

= 3.6%

4 0

4 years ago

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