All categories

3 years ago

Define ethics, and describe the role that it plays in discretionary decision making. Give an example.

Business

1 answer:

Lerok [7]3 years ago

6 0

Explanation:

Ethics can be defined as the study of the behaviors that guide human behavior, that is, society is developed through a set of moral behaviors that define its values and its conception of which human behaviors and attitudes are positive or negative. Ethics then emerges as the standardization of these behaviors and moral values, it is a code of conduct for positive actions by man in society in all areas of life.

In discretionary decisions, in which there is a possibility of interpretation by the legislators, ethics appears as a normative instrument for the conduct of decisions, being a guide for the legislator to decide for what will have greater ethical value and benefits for society.

You might be interested in

Huggins Co. has identified an investment project with the following cash flows. Year Cash Flow 1 $ 880 2 1,250 3 1,510 4 1,675 I

myrzilka [38]

Answer:

the present value is $4,316.35

Explanation:

The computation of the present value of given cash flows is shown below:

Present value is

= Cash flows at year 1 ÷ (1 + rate of interest) + Cash flows at year 2 ÷ (1 + rate of interest)^2 + Cash flows at year 3 ÷ (1 + rate of interest)^3 + Cash flows at year 4 ÷ (1 + rate of interest)^4

= $880 ÷ 1.08 + $1,250 ÷ 1.08^2 + $1,510 ÷ 1.08^3 + $1,675 ÷ 1..08^4

= $4,316.35

Hence, the present value is $4,316.35

5 0

3 years ago

Which life insurance settlement option guarantees payments for the lifetime of the recipient, but also specifies a guaranteed pe

SOVA2 [1]

Answer:

Life income with certain period annuity

Explanation:

This type of policy guarantees a certain amount of money during the remaining life of the insured. It also guarantees that during a minimum specified time, the certain period, the payments will be carried out even if the insured dies. In this case the benefits will be paid to his/her beneficiary. The insured determines the certain period when choosing the life insurance plan, and the certain period can vary from 5 to 30 years.

8 0

3 years ago

Once Miracle learned of the competing printer and adjusted the expected future cash flows from its original patent, was this as

Darya [45]

Answer:

(a) Entry for purchase of patent :

Patent a/c debit $600,000.

To Cash / Bank A/c. $600,000.

(b) Amortisation : (legal protection for 20 years) >> 600,000/20 = 30,000 per annum

Amortisation expenses -Patents $30,000

To Patents account $30,000

To Patents account 270,000

(Value of patents at end of 4 years = 600000-120000=480,000)

Expected future value = 210,000

Impairment = 480,000-210,000=270,000

7 0

3 years ago

Two options are available for painting your house: (1) oil-based painting, which costs $4,800 and (2) water-based painting, whic

Arturiano [62]

Answer:

The answer is "Option C".

Explanation:

If options of different retained earnings are assessed, it must use the corresponding annual cost method for drawing a concrete conclusion. As per the task, which is defined in the attached file please find it.

6 0

3 years ago

Annapolis Corporation's trial balance included debits to expense accounts of $160,000, credits to revenue accounts of $153,000,

joja [24]

Answer:

THere will be a negative loss for (7,000) dollars

Explanation:

The net income will be the result of doing revenues less expenses

The cash dividends are not considered for the calcualtions. they impact retained earnings not the income of the current period.

revenues 153,000

expenses <u> (160,000) </u>

4 0

3 years ago