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Elan Coil [88]
1 year ago
11

Morris is a software engineer for a manufacturer. He wrote a program for the accounting department. During the testing phase, he

noticed that the software would occasionally return an erroneous result, but he decided not to make modifications to the program because there were concerns about the project going over budget. He decided that it was better for him to be seen as someone who could stay within budget, and rationalized that the error was minor, and would not affect financial performance.Which principle of the Software Engineering Code of Ethics has Morris violated
Business
1 answer:
Lyrx [107]1 year ago
5 0

Answer:

The principle of the Software Engineering Code of Ethics that Morris has violated is:

the Product principle.

Explanation:

The Product principle requires that Morris' program (product and related modifications) should meet the highest professional standards.  Staying within budget and rationalizing an error as minor are not requirements of the Software Engineering Code of Ethics that Morris subscribed to.

Other requirements of the code include acting in the best interest of the public, client, and employer; maintaining high product standards; integrity and independence in professional judgment; using an ethical approach; maintaining professional integrity and independence; being fair and supportive to colleagues; and ensuring participation in lifelong learning.

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On October 31, 2018, Damon Company’s general ledger shows a checking account balance of $8,397. The company’s cash receipts for
Lesechka [4]

Answer:

1.                                Damon Company

                     Bank Reconciliation Statement

                               October 31, 2018

<u>Bank Balance</u>                        

                                                                        Amount$

Bank cash balance as per statement             11,725

Add: Adjustment

       Deposits outstanding                               3,025

       (74,320 - 71,295)

       Bank error                                                  300

Less: Adjustment

         Check outstanding                                  <u>1,485</u>

         (72,467 - 70,983)

Bank balance as per Reconciliation              <u>$13,567</u>

<u></u>

<u>Company's Cash balance</u>

                                                                                   Amount$

Company's Cash balance as per General Ledger    8,397

Add: Adjustment

         Interest earned                                                    320

         Note collected                                                      5,000

Less: Adjustment

         Bank service fees                                                 <u>150</u>

Company's Cash balance as per Reconciliation         <u>13,567</u>

Hence, correct ending balance of cash as on december 31, 2016 is $13,567

2. Necessary entries to adjust the balance for cash.

Date      Account Title and Explanation               Debit     Credit

31 Oct   Cash                                                            $5,320

                   Notes Receivables                                              $500

                    Interest revenue                                                 $320

              (To record cash increase)

Date   Account Title and Explanation               Debit     Credit

31 Oct  Service charges                                        $150

                  Cash                                                                  $150

            (To record cash decreases)

8 0
2 years ago
On July 1, 2022, Sandhill Co. pays $22,000 to Cullumber Company for a 2-year insurance contract. Both companies have fiscal year
drek231 [11]

Answer:

Dr Prepaid insurance 22,000

Cr cash 22,000

Dr Insurance expense 5,500

Cr Prepaid insurance 5,500

Explanation:

Preparation of Journal entries

Based on the information given we were told that Sandhill Company pays the amount of $22,000 to another company which is Cullumber Company for a 2-year insurance contract in which Both the companies have fiscal years that is ending December 31 which means that the Journal entry will be recorded as:

Dr Prepaid insurance 22,000

Cr cash 22,000

Dr Insurance expense 5,500

Cr Prepaid insurance 5,500

[(22,000*6/12)/2]

8 0
2 years ago
Which of the following is most accurate regarding Starbucks’ ability to maintain a sustainable competitive advantage in the coff
mylen [45]

Answer:

The answer may be a, as Starbucks has been copied many times over.

6 0
2 years ago
Each of the following is a rationale for acquisitions EXCEPT:Group of answer choicesA. achieving greater market power.B. overcom
vovangra [49]

Answer:

D.

Explanation:

Based on the answers provided it can be said that all of the options are valid rationale for acquisitions except for positioning the firm for a tactical competitive move. This is because acquisitions refers to gaining new people, technology, IP or distributed channels for an organization which allows that organization to grow and perform better, but is not intended to position the firm to make a competitive move towards another firm, that is done mostly through other business strategies.

8 0
2 years ago
a simplified alternative to capitalization of net income that does not take into account bad debts or expenses is called?
mestny [16]

<u>Answer:</u>

The correct answer for this is: Gross Rent Multiplier.

<u>Explanation:</u>

The type of a simplified alternative to capitalization of net income that does not take into account bad debts or expenses is called Gross Rent Multiplier (GMR).

Gross Rent Multiplier is used to find the approximate net incomes that does not include any bad debts or expenses.

Also, it is considered as the quickest tool to estimate the values, such as of a building.

6 0
2 years ago
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