Answer: shown in the attachment
Explanation: also shown in the attachment
Answer: Bagley's ethical leader's decision tree
Explanation: In simple words, It refers to a framework that helps the managers of an organisation to take decisions regarding which they are uncertain and doubtful. It take into consideration all the possibilities and shortlists them on the basis of situation priorities.
In the given case, Wendy wants to determine whether they should close the facility temprarily or permanently. They are uncertain which action would be legal and correct.
Hence from the above we can conclude that they are using Bagley decision tree.
Answer:
a. $225, 000
b. $900, 000
c. $140, 000
Explanation:
Ralph Mini-Mart Store in Alpine:
(a) Beginning inventory: this is the value of inventory on hand at the beginning of the financial year. This is the value is the same as the value of ending inventory at the end of the previous financial year. This value includes the value of the inventory and any costs that were incurred to bring the inventory to the organization’s store house.
For Ralph Mini- Mart, beginning inventory = $225, 000 (refer to item 5)
(b) Transfers- In: this is the inventory that was purchased during the financial year. This value will include the cost of the inventory and any other costs that were incurred to bring the inventory to the store house of Ralph’s Mini – Mart. In this instance, the additional cost is the transportation cost of $30, 000 that was incurred to transport the inventory from the supplier to the warehouse.
For Ralph’s Mini – Mart, the Transfers – In = $870, 000 + $30, 000 = $900, 000 (refer to item 3 and 4)
(c) Ending balance: the ending balance is the value of inventory at the end of the financial year. This is the value of inventory that Ralph’s remains with after purchasing inventory from suppliers and selling inventory to customers. This value will take into account any inventory write- downs and obsolescence. In this instance, there has been no inventory write- downs and no inventory obsolescence or thefts.
For Ralph’s Mini – Mart, the value of ending inventory = $140, 000 (refer to item 5)
A very critical last step in the process of establishing an ethics code is enforcing it. If you develop an ethics code but do not enforce, there was no purpose to doing so. Everyone within the organization should be in agreement and following the ethical behaviors expected of them.
Answer:
Gross Earnings $760
Net Earnings $606.86.
Explanation:
Beth's regular hourly wage is 40 hours at the rate of $16 per hour.
40 x 16 = $640
Overtime hourly wage is additional hours after the normal 40 hours at the rate of $24.
5 x 24 = $120
Gross earnings is calculated by adding both the above amounts.
640 + 120 = $760
Her employer will charge FICA rate of 7.65% for the amount she earns (Gross Earnings).
760 x 7.65% = 58.14
Net Earnings will be Gross Earnings less FICA and federal income tax $95.
760 - 58.14 - 95 = 606.86
Hence, Beth's Gross Earnings are $760 and Net Earnings are $606.86.
