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tiny-mole [99]
3 years ago
12

A top executive at IBM shared with his friends some "inside" information that allowed them to engage in very profitable stock tr

ading. He testified in court that he did not personally profit from these actions and served a very short prison term. His career was ruined. This story illustrates:_________.​
A) ​low moral intelligence.
B) personal gain over occupational success.​
C) insider trading is widespread.​
D) occupational success over personal gain.
Business
1 answer:
Delicious77 [7]3 years ago
3 0

Answer:

This is a case of low moral intelligence,option A.

Explanation:

Moral intelligence is the ability to differentiate right from wrong as well as acting based on what one thinks is right.

Moral intelligence is a function of one's uprightness and envisaging the consequences of an action.

All in all, the top executive should have known that the information about his stock performance is a classified information not meant for everyone's consumption,hence his moral intelligence at the lowest ebb.

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On January 1, 2021, Blair Company sold $800,000 of 10% ten-year bonds. Interest is payable semiannually on June 30 and December
Anika [276]

Answer:

$42,480

Explanation:

Given that,

Value of bonds = $800,000

Interest rate = 10%

Selling price of bond (Book value) = $708,000

Priced to yield = 12%

The semi-annual yield is calculated as follows:

= 12% / 2 (because the interest is payable semiannually on June 30 and December 31)

= 6%

Therefore, the semi-annual bond interest expense:

= Selling price of bond × semi-annual yield

= $708,000 × 6%

= $42,480

Hence, the Blair should report bond interest expense for the six months ended June 30, 2021 in the amount of $42,480.

But the actual cash paid for the interest expense will be:

= (Value of bonds × Interest rate on bonds)

= [$800,000 × (10%/2)]

= $800,000 × 5%

= $40,000

So, the amortization for bond discount is the difference between actual cash paid and bond interest expense:

= $42,480 - $40,000

= $2,480

7 0
3 years ago
On January 2, 2020, Orange Corporation purchased equipment for $300,000 with an ADS recovery period of 10 years and a MACRS usef
Sveta_85 [38]

Answer:

decrease $49,605

Explanation:

corporation purchased eqipment = $ 300000

ADS recovery period = 10 years

MACRS useful life of 7 years

th eequipment sold for $290,000

The result is option d. Decrease $ 49,605

4 0
3 years ago
How do birthrates and death rates change as a country moves from a least developed or traditional economy to developing-nation s
oksian1 [2.3K]

As a country makes the transition from a least developed economy to developing nation status the Birthrates and Death Rates will increase. Birthrates will increase due to immigration. The healthcare services generally improves when a country develops more and becomes more industrialized. It helps improve the economy which in turn gives more people the opportunity to have more children and to lead healthier lives. So the birth rates go up. Death rates will go up too due to an increase in criminal activity.

7 0
3 years ago
Nonprofit organizations differ from profit organizations in that nonprofit organizations: Group of answer choices
Schach [20]

Answer:

The correct answer is <em>must often target those who are apathetic about or strongly opposed to receiving their services. </em>

Explanation:

A nonprofit organization is formed for the public good. Nonprofit organizations are usually formed for religious, charitable or educational purposes.

Instead, for-profit organizations can be formed to carry out a variety of legal businesses. The main reason for forming a profit organization is to make profits for the owners of the company.

8 0
3 years ago
Halt company employee material handling employees who move materials between production divisions at a labor cost of $160,000 a
Ivenika [448]

Answer:

The $12,000 is the material handling cost should be assigned to products made in March.

Thus, the correct option is a. $12,000

Explanation:

For computing how much of the material handling cost should be assigned, first we have to calculate the per pound of material. The formula is shown below:

Per pound of material = Labor cost ÷ Number of pounds

                                    = $160,000 ÷ 800,000

                                    = $0.2 per pound of material

Now, multiply this per pound of material with moving pounds.

In mathematically,

Material Handling cost = Per unit of pound × Moving material

                                      = $0.2 × 60,000

                                      =$12,000

Hence, the $12,000 is the material handling cost should be assigned to products made in March.

Thus, the correct option is a. $12,000

4 0
3 years ago
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