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k0ka [10]
3 years ago
6

Solomon works in the finance department of a hospital operated by the country’s national health service. The hospital wishes to

expand its radiology department, and has put out to tender the construction of a new wing. Solomon has been given the task of summarising the terms of each tender for consideration by the Board.
One evening, at a family dinner party, Solomon learns that his uncle’s construction company is about to tender for the contract. Solomon’s uncle is clearly unaware of how closely involved Solomon is with the tender process, and talks informally with Solomon about the hospital, the quality of his company’s work, and how much his company would benefit from such a prestigious contract.



Before being drawn away to socialise with other guests, Solomon’s uncle mentions that the contract, if awarded to his company, would be very profitable and he is very optimistic, as he feels that the contract price at which his company intends to bid is quite low.

Solomon is very fond of his uncle, whose business has been struggling over recent years. 
He realises that his uncle would have a much better chance of winning the contract if he was made aware of the details of the other tenders.

What do you think about this?​
Business
2 answers:
DochEvi [55]3 years ago
7 0

Answer:

It would be unethical and a conflict of interest for Solomon to let his uncle in on the details because it would give his uncle an unfair advantage against the other bidding contractors. It's a form of nepotism

Explanation:

hope this helps have a great day

Snezhnost [94]3 years ago
7 0

Answer: Solomon is an employee of the hospital and his job is to work in best interest of the hospital. It would be unethical for him to award the tender to his uncle as there is a huge conflict of interest. Solomon must get into the contract at an arm's length.

Explanation:

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Answer:

Explanation:

Job 11-101=$3,880

Job 11-102= $2,630

Job 11-103= $2,080

Job 11-104= $3,190

Job 11-105= $2,080

Total            13,860

Direct labor rate = $18

Predetermined overhead rate = $22

Direct labor hour = 13,860/18 = 770 hours

Applied factory overhead rate = 770 *22 = $16,940

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                                       Dr                        Cr

Work in progress        13,860

Factory Overhead       18,000

Wages payable                                          31,860

                                    Factory Overhead

Work in progress        16,940

Factory overhead                                       16,940

7 0
3 years ago
Why do you think economists can be certain that every
Aleonysh [2.5K]

Answer:

En esta primera parte del libro estudiamos lo que para muchos economistas es la pregunta más

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En el capítulo 2 definimos el crecimiento económico y presentamos distintas herramientas

útiles para medirlo y analizarlo. Además, presentamos una breve historia del crecimiento

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When management and supervisors’ treatment of an employee largely determines that employee’s performance. This is an instance of
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Whilst supervisors look at terrible overall performance in an employee, they're maximum in all likelihood to blame the employee for missing potential.

Whilst businesses treat personnel pretty, everybody wins

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Treating personnel with admiration, showing appreciation for their paintings, and being an encourager will create a preference in personnel to additionally treat clients and clients properly. it will contribute to better productiveness tiers and profitability. It makes employees need to return to work and no longer dread it.

The moves of an employee's direct manager have an important effect on employee engagement. Managers who fail to engage their personnel through growing nice relationships with them can cause an exodus of pinnacle expertise. The price in time and assets to update these employees may be inordinate.

When employees are handled nicely, they may be a long way less in all likelihood to cease, which means that you could store the money and time you'll spend on hiring new employees. selling from within way that employees are much more likely to stay at the job longer, considering that they realize it may result in a higher role and/or salary.

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5 0
2 years ago
Sheffield Corp. has 285,000 shares of $8 par value common stock outstanding. It declares a 13% stock dividend on December 1 when
astra-53 [7]

Answer:

285,000 common stock outstanding with a $8 par value

it declares 13% stock dividend

market price at $16

since the stock dividend is considered small (less than 20%), we use the market price to record it

December 1, 202x stock dividends are declared (37,050 stocks)

Dr Retained earnings 592,800

    Cr Common stock dividends distributable 296,400

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December 31, 202x, distribution of stock dividends

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Overhead Applied to Jobs, Departmental Overhead Rates Xania Inc. uses a normal job-order costing system. Currently, a plantwide
sveta [45]

Answer:

Instructions are listed below.

Explanation:

Giving the following information:

Department A Department B

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B) We need to use the same formula, but for each department:

Department A:

Estimated manufacturing overhead rate= 120,000/16,000= $7.5 per machine hour

Department B:

Estimated manufacturing overhead rate= 80,000/5,800= $13.79 per machine hour

7 0
3 years ago
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