Answer:
D) participative
Explanation:
A participative leader is someone who is really involved in the company's activities and will be willing to receive input or advice from different employees and staff members. The leader will be open to consider the opinions of different staff members during decision making processes.
The leader as well as his/her staff members will be able to access all the relevant information and discuss possible options. Some participative leaders will also be willing to decide important issues through majority votes that include the leader and important staff members.
Answer:
Journal entry to record the Sale of Patent
Debit : Cash $750,000
Credit : Patent at Book Value $120,000
Credit : Profit and Loss $630,000
Journal entry to record the Sale of Equipment
Debit : Cash $325,000
Debit : Profit and loss $75,000
Debit : Accumulated depreciation $150,000
Credit : Equipment at Cost $550,000
Explanation:
During a sale transaction the entity recognizes 1. The Cash Proceeds resulting from the sale, 2. The Profit or loss resulting from the sale, 3.The entity derecognizes the Cost or Book Value of the Asset as well as the Accumulated depreciation.
A profit of $630,000 has been earned as a result of the sale of the Patent, whereas a loss of $75,000 has been incurred as a result of sale of Equipment.
Answer:
The given scenario highlights that Mr. B has submitted a financial report which possess some irregularities. According to the budget Mr. B has to provide the finance to the purchase department rather than the facilitating department. Even though the facilitating department is operating successfully, it is unethical to divert the finance to the other department rather than to the specified one.
Thinking ethically, Mr. R who is operating in the middle management of the organization has the responsibility to report this unethical act for the proper operations of the organization. Some of the individuals or positions who can be interested in this problem can be the Human resource manager or the public relations manager who can handle the issue in a diplomatic manner. As a middle manager he can also highlight the issue to the account team and also to his direct manager.
Mr. R can face the legal implications as he is misusing his authority. It is legally punishable If someone one in the managerial position is misusing his authority.
One of the ethical models which can be applied here can be Utilitarianism. This model suggests that the action will be considered as good if the result or the outcome is good. According to this model if the diversion of the finance to the sustainability initiative produces good results for the company then it can be considered as a right act rather than considering unethical.
Next ethical model can be the moral relativism. According to this model the people from outside circle cannot judge the activities of the people considering ethical or unethical. Here Mr. B is the boss of Mr. R who is the top manager of the organization. He can posses some strategies and authorities to make the operations of the organization sustainable. Hence Mr. R may not hold the right to judge his actions.
When making decision regarding the present scenario, Mr. R should consider both the ethical models. If the outcome is good and the manager is having the authority to make critical decisions like mentioned in the scenario then the activity cannot be considered as unethical.
Considering the scenario and the ethical models the middle manager Mr. R can conduct a research for identifying the outcome of Mr. B’s action. If he identifies good outcome then he can leave the issue. If there is any personal interest for MR. B and not positive outcome for the company then he can highlight this issue.
Explanation:
Answer:
$35,84 per machine hour
Explanation:
Plantwide overhead rate = Budgeted overheads ÷ Budgeted Activity
where,
Budgeted overheads = $3,600,000 + $880,000 = $4,480,000
Budgeted Activity = 125,000 machine hours
therefore,
Plantwide overhead rate = $4,480,000 ÷ 125,000
= $35,84 per machine hour