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san4es73 [151]
3 years ago
5

Peter is the owner of a fast-food franchise. When his payroll accountant quit, he hired his wife, Karen, to take over the payrol

l responsibilities. Peter prefers to review the payroll records prior to disbursement and often asks Karen to add or subtract amount from employee pay. Which ethical principle most closely describes Peter and Karen's unethical actions?
A) Responsibilities.
B) Integrity.
C) Public Interest.
D) Objectivity and Independence.
Business
1 answer:
ki77a [65]3 years ago
8 0

Answer:

Integrity

Explanation:

Unethical behaviour is defined as actions that individuals perform that are outside of morally right expectations in an environment or a business.

Some unethical behaviour in the workplace include: lying to colleagues, theft, misusing work time, and abusive behaviour.

In the given scenario Peter prefers to review the payroll records prior to disbursement and often asks Karen to add or subtract amount from employee pay.

Reducing an employee's pay without having a good reason or informing the employee is an integrity issue.

Their actions show that they are dishonest and they do not have strong moral principle. So they pilfer employee money

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Windsor Windows manufactures and sells custom storm windows for enclosed porches. Windsor also provides installation service for
Alina [70]

Answer:

June 1, 2021

No entry – neither party has performed under the contract.

August 1,2021

Dr.  Cash                                        $4,000

Dr.  Accounts Receivable            $700

Cr.  Unearned Service Revenue  $1,085

Cr.  Sales revenue                        $3,615

Dr.  Cost of goods Sold                $2,300

Cr.  Inventory                                 $2,300

Explanation:

As no one performed under the contract on June 1, 2021, so there will be no entry on this day.

On August 1, 2021, Windsor has 2 performance obligations

First: Delivery of the windows

&

Second: Installation of the windows

Fair value of Windows = $4,000

Fair value of Installation services = $1,200

Fair Value of Contract  = $4,000 + $1,200 = $5,200

Allocation of to revenue is based on the ratio of fair value of each performance to the total fair value of contract, As below

Windows  = ($4,000 / $5,200) X $4,700 = $3,615 (round to nearest dollar)

Installation services = ($1,200/$5,200) X $4,700 = $1,085 (round to nearest dollar)

Total Revenue recognized = $4,700

8 0
3 years ago
In the economy of Panicia, the monetary base is $1,000. People hold a third of their money in the form of currency (and thus two
Angelina_Jolie [31]

Answer:

(a) rr: 1/3, cr: 0.5, m:1.8 M: 1800

(b) 1500

(c) 200

8 0
3 years ago
An investment has an expected return of 11 percent per year with a standard deviation of 26 percent. Assuming that the returns o
Keith_Richards [23]

Answer:

P(X

And we can find this probability using the normal standard distribution table or excel and we got:

P(Z

Explanation:

Previous concepts

Normal distribution, is a "probability distribution that is symmetric about the mean, showing that data near the mean are more frequent in occurrence than data far from the mean".

The Z-score is "a numerical measurement used in statistics of a value's relationship to the mean (average) of a group of values, measured in terms of standard deviations from the mean".  

Solution to the problem

Let X the random variable that represent the expected return, and for this case we know the distribution for X is given by:

X \sim N(11,26)  

Where \mu=11 and \sigma=26

We are interested on this probability

P(X

And the best way to solve this problem is using the normal standard distribution and the z score given by:

z=\frac{x-\mu}{\sigma}

If we apply this formula to our probability we got this:

P(X

And we can find this probability using the normal standard distribution table or excel and we got:

P(Z

4 0
3 years ago
Every society faces​ trade-offs because we live in a world of scarcity. Suppose a​ student-athlete has the opportunity to earn ​
Leokris [45]

Answer: Opportunity cost of returning to college next year is $1,000,000.

Explanation: Opportunity cost is the cost of the next best alternative sacrificed or foregone. When the athlete chooses to join college he is sacrificing his income that could be earned from playing the game. The player has the option of playing for the minor league baseball team for $1,000,000 or for European professional football team for ​$500,000. The person thus has a choice between playing for the minor league baseball team (since it is the highest paying) or going to college. Thus the opportunity cost of going to college will be $1,000,000.

8 0
3 years ago
Read 2 more answers
In early year 8, Alice sold Tom, her son, 20 shares of common stock for $20,000. Alice had paid $25,000 for the stock in year 2.
Tema [17]

Answer:

He must report 15,000 gain in his year 8 tax...........

4 0
3 years ago
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