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2 years ago

What is one reason that could explain why some unethical behavior goes unreported?

Business

1 answer:

Vikki [24]2 years ago

8 0

Answer:

Well some people may be threatened by the person who is engaging in unethical behavior or some are just timid and keep to themselves, and just tolerate the unethical behavior, in order to not create conflict or not make enemies within the workplace. But either way we should always report unethical behaviors if we witness it, because if you do not take action it can create an atmosphere where misconduct spreads like wildfire.

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On January 1, Wei company begins the accounting period with a $48,000 credit balance in Allowance for Doubtful Accounts. a.On Fe

11111nata11111 [884]

Answer:

a. journal entry to write off those two accounts

Bad Debts $10,400 (debit)

Oakley Co $2,700 (credit)

Brookes Co $7,700 (credit)

Being write off of Oakley Co and Brookes Co

b. entries to reinstate the account and record the cash received

Oakley Co $2,700 (debit)

Bad Debts $2,700 (credit)

Being reinstatement of Oakley Co account

Cash $2,700 (debit)

Oakley Co $2,700 (credit)

Being record of the cash received

Explanation:

a. journal entry to write off those two accounts

Recognize a Bad Debts expense and de-recognize the assets - Trade Receivables

b. entries to reinstate the account and record the cash received

Recognize the assets-Account Receivable and de-recognize the Bad Debt expense

Also, Recognize the Assets of Cash and De-recognize the Trade Receivables as a results of receipt of payment.

6 0

2 years ago

Read 2 more answers

The following information is taken from Reagan Company's December 31 balance sheet: Cash and cash equivalents $ 9,119 Accounts r

lozanna [386]

Answer:

40 days.

Explanation:

In the absence of the information about opening receivables, the closing figure is assumed to be the average accounts receivables,

Hence,

Debtors Turnover Ratio for Reagan:

= Sales ÷ Average Accounts Receivables

= $608,000 ÷ $73,922

= 8.22 times

Assuming that the number of days in a year as 365,

the firm's days sales uncollected for the year works out to:

= 365 days ÷ Debtors Turnover Ratio

= 365 ÷ 8.22

= 40.40 or 40 days.

4 0

2 years ago

Risk management is a systematic process, and the correct order of the steps is:

zvonat [6]

Risk management is a systematic process where its objectives are to identify, to assess, and to control risks. These risks arise from operational factors and making decisions that maintains the balance between risk costs with the mission benefits. The correct steps are the following: First, the risk must be identified. This means that the team must first uncover, recognize and describe the risks that might possibly affect the project or its outcomes. Second, the risk will then be analyzed. It is in this step that the team must consider the consequences of each risk according to the nature of the risk. The potential to affect project goals will also be identified. Third, evaluation and ranking of risks will take place. The magnitude of the risks will be part in the decision-making whether they are acceptable or whether they are serious enough to warrant treatment. Fourth, the risk must be treated. This is also known as the Risk Response Planning. The highest ranked risks must be identified and plans must be made to treat or modify these so that the desirable risk levels will be attained. Lastly, the risks shall then be monitored and reviewed. In this way, all the uncertainties, unpleasant surprises and barriers will be fully monitored and if the team is determined, golden opportunities will instead be achieved.

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2 years ago

Read 2 more answers

XYZ firm, the leading producer of leather goods in its country is planning to expand its business. Industry experts identify As

maks197457 [2]

Answer:

The answer is: B.) XYZ's product is a close substitute for the locally available goods.

Explanation:

A substitute product can be defined as a good a consumer perceives as similar or comparable to another good (e.g. cow and chicken meat). Generally speaking, when the price of one of these goods increases, the demand for its substitute good increases.

In this case, Darren believes that since XYZ´s product is cheaper it should sell better than its competition (close substitute goods).

7 0

2 years ago

Sandhill Co. purchased a new machine on October 1, 2022, at a cost of $67,560. The company estimated that the machine has a salv

DanielleElmas [232]

Answer:

Results are below.

Explanation:

Giving the following formula:

Purchase price= $67,560

Salvage value= $6,900

Useful life= 6 years

To calculate the depreciation expense under the straight-line method, we need to use the following formula:

Annual depreciation= (original cost - salvage value)/estimated life (years)

Annual depreciation= (67,560 - 6,900) / 6

Annual depreciation= $10,110

2022:

Annual depreciation= (10,110/12)*3= $2,527.5

2023:

Annual depreciation= $10,110

3 0

2 years ago