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goldfiish [28.3K]
2 years ago
9

Jimmy is an employee of Roofing, Inc., which is performing a contract for the federal government. Jimmy learns that Roofing, Inc

. has been overcharging for the work. If he publicly reports the fraud, the Whistle-Blower law may protect him from being fired from his job. With respect to the employment-at-will doctrine, this is
Business
1 answer:
Bas_tet [7]2 years ago
6 0

Answer:

An exception based on public policy.

Explanation:

Employment at will according to the United States is a doctrine that permits the employer and employee to work together in an indefinite period of time, whereas they are able to terminate their contract with any necessary fair clause.

In many counties around the world, employers always look for reasons to terminate or stop their employees from working, whereas an exception based on public policy negate this doctrine.

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As of December 31, Plush has not recorded any insurance expense for the year. The only insurance policy it owns is the one purch
konstantin123 [22]

Answer:

Debit Insurance expense    $10,000

Credit Prepaid Insurance    $10,000

Being entries to recognize insurance expense for the period (August to December).

Explanation:

Given;

Insurance policy was purchased on July 10 to run for 3 years.

Cost of policy = $72,000

Start date is August 1st. As at 31 December, the policy should have been amortized for 5 months (August to December)

Monthly depreciation = $72,000/(3 × 12)

                                    = $2,000

Total amortization between August and December = 5 × $2,000

                                                                                      = $10,000

Journal entries

Debit Insurance expense    $10,000

Credit Prepaid Insurance    $10,000

Being entries to recognize insurance expense for the period (August to December).

7 0
3 years ago
College football​ attendance, especially student​ attendance, has been on the decline. In​ 2016, home attendance at major colleg
puteri [66]

Answer:

Your opportunity cost of attending a game compared with the opportunity cost facing a college student 10 years ago is:

A) higher, because more games are televised today.

Opportunity costs are the cost of choosing one alternative from another.

In this case, when college students attend college football games they are unable to do other activities, not only while they are at the stadium or going to the stadium, but they are not able to purchase other goods. The cost of those alternatives that are lost are higher now because many college football games are televised now, before if you wanted to see a game you had to go to the game. So a student is now able to watch the game while doing other activities, or saving money for buying something else.

Can this change in opportunity cost account for the decline in college football​ attendance?

B) ​Yes, because these changes increase the opportunity cost of watching football games in person.

Even though opportunity costs do not involve actual cash payments, they are still important and individuals do consider them when they are choose one option over another. E.g. imagine if you had to choose between spending a considerable amount of money by attending a game (ticket, gas, beverages, etc.) or watching that game on TV and buying a few clothes instead or going on a date, etc. What option would you choose?

6 0
3 years ago
Strategic planning (select all that apply):
Afina-wow [57]

Answer:

C. requires visionary and directional thinking

Explanation:

Strategic planning: This planning applies to the long-term planning regarding available resources, costs and time that helps to achieve an organization's goals and objectives efficiently and effectively by considering  the strategic vision, and strategic mission of the company

It also deals with the long term decisions that help the organization in a better way with respect to the better returns in terms of profit

8 0
2 years ago
Specter Consulting purchased $8,900 of supplies and paid cash immediately. What general journal entries will Specter Consulting
sergiy2304 [10]

Answer:

Debit Supplies $8,900; Credit Cash $8,900

Explanation:

Based on the information given the general journal entries that Specter Consulting will make to record this transaction assuming the companyâs policy is to initially record prepaid and unearned items in balance sheet accounts will be :

Debit Supplies $8,900

Credit Cash $8,900

7 0
2 years ago
Item 15Item 15 Gee-Gee's is going to pay an annual dividend of $2.05 a share next year. This year, the company paid a dividend o
meriva

Answer:

$27.33

Explanation:

For computing the one share of the common stock after six years from now first, we have to determine the price of the common stock which is shown below

Price of the common stock = Next year dividend ÷ (Required rate of return - growth rate)

= $2.05 ÷ (11.2% - 2.50%)

= $23.56

The growth rate is

= ($2.05 - $2) ÷ ($2)

= 2.50%

Now the one share of the common stock after six years is

= $2 × 1.025^7 ÷ (11.2% - 2.50%)

= 2.3773715073  ÷ 8.7%

= $27.33

6 0
3 years ago
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