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Nataly [62]
3 years ago
7

What drivers for unethical behavior are evident in reviewing the actions of Bernard Madoff and the managers of the Stanford Fina

ncial Group?
Business
1 answer:
GREYUIT [131]3 years ago
6 0

The unethical behavior of the Bernard Madoff and the managers of the Stanford financial groups are fraudulent and they aims at their personal gain and the wealth they earned through the concept of self dealing

Explanation:

They were clearly involved in such activities due to over-zealous and for their personal gain and in the pursuit of wealth and self interest. His main reason for existing his business was for funding his lifestyle and his expenses.

This is totally unethical or amoral in the work climate and it is the sole purpose or the duty of the company to ignore what is right and what is wrong and to get away with the strategy that they are not suitable with.

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A proposed new investment has projected sales of $585,000. Variable costs are 44 percent of sales, and fixed costs are $187,000;
Tema [17]

Answer:

The projected Net Income is $70,784

Explanation:

The Pro- forma income Statement

Working Note:

Variable cost = Sales × 44%

= $585,000 × 44%

= $257,400

EBT (Earnings before Tax) = Sales - Variable cost - fixed cost - depreciation

= $585,000 - $257,400 - $187,000 - $51,000

= $89,600

Net Income = EBT × Tax rate

= $89,600 × 21%

= $70,784

8 0
3 years ago
The following transactions occurred during December 31, 2021, for the Falwell Company. A three-year fire insurance policy was pu
Leya [2.2K]

Answer

The answer and procedures of the exercise are attached in the following archives.

Explanation  

You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.  

1. Insurance expense for 6 months = 12,960 x 6/36

= $2,160

Prepaid insurance on December 31, 2021 = 12,960 - 2,160

= $10,800

2.Interest expense for 2 months = 220,000 x 12% x 2/12

= $4,400

Kindly comment if you need further assistance. Thanks

Download xlsx
7 0
3 years ago
True or False: Marginal analysis involves comparing the additional or extra benefit derived from consuming an additional unit of
Likurg_2 [28]

Answer:

True

Explanation:

Marginal - the dictionary meaning of such word is additional of anything. Here, in the given case, marginal analysis as per costing is the analysis of each additional revenue from each additional sale or production.

Marginal analysis does not consider fixed cost generally, as that is fixed and don not add on on additional units, within a standard range.

Thus, the statement stated here is True.

7 0
2 years ago
What do we call computerized machine that allows Bank customers to perform transitions​
vova2212 [387]

Answer:

I think it is Automated teller machine

3 0
2 years ago
Read 2 more answers
The accounting records for Social Event Planning Services include the following select unadjusted balances on December​ 31, 2018
blsea [12.9K]

Answer:

$18,500

Explanation:

The computation of the balance of Service Revenue shown on the  adjusted trial balance is shown below:

= Service revenue ending balance + accrued value

where,

Accrued value =  $1,500 ÷ 3 = $500

And, the service revenue ending balance is $18,000

So, the Service revenue balance equal to

= $18,000 + $500

= $18,500

This is the answer but the same is not given in the options mentioned in the question.

3 0
3 years ago
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