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Temka [501]
2 years ago
11

(b) Note that Schlicksup, before working at Caterpillar, was an accountant at Arthur Andersen (the auditing firm that was crimin

ally indicted in the Enron scandal and went out of business), and by 2008 he believed he was going to get fired from Caterpillar. Name at least one behavioral bias discussed in class that might explain why he was prepared to take the risk of blowing the whistle in this case. (one paragraph limit).
Business
1 answer:
prohojiy [21]2 years ago
8 0

Answer:

One behavioral bias that might explain why Schlicksup was prepared to take the risk of blowing the whistle in this case is Reducing Regrets.

Explanation:

The only sin of Schlicksup was that he "was an accountant at Arthur Andersen (he auditing firm that was criminally indicted in the Enron scandal and went out of business)."  Self-convinced that he was going to get fired from Caterpillar, he then wanted to blow the whistle by 2008, which he should have done before being employed in Caterpillar, anyway.  He is surely suffering from the bias of reducing his regrets.  This makes him to be emotionally involved and to reach wrong conclusions that might not be based on facts.  He did not even ask himself if he was involved directly in the Enron-Arthur Andersen scandal.  Even if he was directly involved, has he not expressed remorse for his former actions to enable him to move on in life?  Schlicksup is simply going to illogical lengths to avoid having to own the feeling of regret.

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Concord Company sells many products. Gizmo is one of its popular items. Below is an analysis of the inventory purchases and sale
Nitella [24]

Answer:

the numbers are missing, so I looked for a similar question:

Purchases Sales Units Unit Cost Units Selling Price/Unit

3/1 Beginning inventory 100 $40

3/3 Purchase 60 $50

3/4 Sales 60 $80

3/10 Purchase 200 $55

3/16 Sales 70 $90

3/19 Sales 90 $90

3/25 Sales 60 $90

3/30 Purchase 40 $60

the requirements are:

calculate COGS and ending inventory under FIFO, LIFO and weighted average.

since this company uses the periodic inventory level we must first determine the total cost of goods available for sale:

3/1 Beginning inventory 100 $40

3/3 Purchase 60 $50

3/10 Purchase 200 $55

3/30 Purchase 40 $60

total goods available for sale = 400 units, at a total cost of $20,400

total units sold = 60 + 70 + 90 + 60 = 280 units

ending inventory  = 120 units

under FIFO:

ending inventory = (40 x $60) + (80 x $55) = $6,800

COGS = $20,400 - $6,800 = $13,600

under LIFO:

ending inventory = (100 x $40) + (20 x $50) = $5,000

COGS = $20,400 - $5,000 = $15,400

under weighted average:

ending inventory = ($20,400 / 400) x 120 = $6,120

COGS = $20,400 - $6,120 = $14,280

3 0
3 years ago
I have a 88.1% right now, if I get 15 out of 15 on this assignment what will my grade be
artcher [175]

So you start with a 88.1%.

Here is how I figure it...

If you get a 15 out of 15 on an assignment, that would be a 100% for your assignment grade.

You take 100% and add it to your 88.1% and you get 188.1%. That doesn't seem reasonable for a grade though does it...

So you take that 188.1% and you divide it by 2 (divide it in half) and you get 94.05%.

So if you get 15 out of 15 on your assignment your grade will go up to a 94.05% as I figure.


Word problem:

15 out of 15= 100%+88.1%= 188.1%÷2= 94.05%


Your final grade as I figure would be a <em><u>94.05%</u></em>




5 0
2 years ago
Discontinue a Segment Product Tango has revenue of $1,150,000, variable cost of goods sold of $850,000, variable selling expense
Ronch [10]

Answer:

A) Differential analysis is shown below

B) its product should be continue.

Explanation:

As per the data given in the question,

a)

                      Continue product          Discontinue product        Differential

                        Tango(Alt 1)                       Tango(Alt 2)               Effects (Alt 2)

Revenue         $1,150,000                                $0                      -$1,150,000

Costs:

Variable COG Sold -$850,000                       $0                        $850,000

Variable selling and admin expenses  -$275,000     $0           $850,000

Fixed costs     -$125,000                                  $0                        $275,000

Profit(Loss)      -$100,000                                -$125,000            -$25,000

b)

As per analysis discontinuance of product Tango will enhance the amount of loss by $25,000, so it is recommended to continue the operation.

7 0
3 years ago
choose a real or made-up example of a company, and describe at least three variable costs the company has. (1-3 sentences.
Solnce55 [7]
For a restaurant, some variable costs could be labor costs/ worker wages, raw product/ purchasing food to cook, and energy and fuel/ utilities.
7 0
3 years ago
Brian is a manager at a clothing store. He spends most of his time in the store with his employees, making sure they work their
Sophie [7]

Answer:

First line manager

Explanation:

First line managers are the lowest forms of managers in an organizational structure. They are the managers that deals with employees directly. They operate their departments by assigning work to the employees and monitoring their actions. In this case, the activities of Brian which included making sure they work their scheduled hours, watching them interact with customers and so on indicates that he is a First-Level Manager.

8 0
2 years ago
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