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kupik [55]
2 years ago
14

You are managing the renovation of the old princeton landing bar and grill. the project is on schedule despite receiving a late

shipment of paint. the paint was supposed to arrive on 1/30, but instead arrived on 2/1. the assistant store manager apologizes profusely for the delay and asks if you would be willing to sign the acceptance form and backdate it to 1/30. he says he won't qualify for a bonus that he has worked hard to meet for the past month if the shipment is reported late. he promises to make it up to you on future projects. what would you do and why?
Business
1 answer:
Alekssandra [29.7K]2 years ago
3 0
Students will probably differ on what to do. Some will contend that since the deferral did not influence the venture it is alright to back date the acknowledgment charge. They will contend by doing favors you are building social capital that may prove to be useful not far off. Others will just consider this to be a honesty issue and inaccurately marking the report is wrong.This is a tricky issue since one method for building IOUs is to look the other way or twist the tenets. Still the way that you are marking your name implies you are not just looking the other way.
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Maslow's<span> hierarchy of </span>needs is theory in psychology that is focused on the needs p<span>eople are motivated to achieve.It is a five-tier model.</span><span>
According to Maslow's need hierarchy, the advertised benefits of the product appeal to Josef's psychological, security, and safety needs.​</span>
7 0
2 years ago
Read 2 more answers
Sunset Travel Agency specializes in flights between Toronto and Jamaica. It books passengers on OshawaOshawa Air. Sunset's fixed
coldgirl [10]

Answer:

Explanation:

Break even point=fixed cost/ contribution margin per unit

Units to be sold to get target operating income=(fixed costs+ target operating income)/contribution margin per unit

1. Revenue=10%×1600=$160 per ticket

Contribution per ticket=$100-$42=$58 per ticket.

Fixed cost=$29,500

Break even units:$29,500/$58=508.6 tickets

Units to be sold to get target operating income:(29500+$12000)/$58=715.5 tickets

2. Revenue=10%×1600=$160 per ticket

Contribution per ticket=$100-$35=$65 per ticket.

Fixed cost=$29,500

Break even units:$29,500/$65=453.8 tickets

Units to be sold to get target operatig income:(29500+$12000)/$65=638 tickets

3.

Revenue=$50 per ticket

Contribution per ticket=$50-$35=$15 per ticket.

Fixed cost=$29,500

Break even units:$29,500/$15=1966 tickets

Units to be sold to get target operating income:(29,500+$12,000)/$15=2766 tickets

4.

Revenue:$55(fixed comission fee)+$5(delivery fee)=$60 per ticket

Contribution per ticket=$60-$35=$25 per ticket.

Fixed cost=$29,500

Break even units:$29,500/$25=1180 tickets

Units to be sold to get target operating income:(29,500+$12,000)/$25=1,660 tickets

3 0
2 years ago
On January 1, a company borrowed cash by issuing a $300,000, 5%, installment note to be paid in three equal payments at the end
Stella [2.4K]

Answer & Explanation:

1- What would be the amount of each installment?

The principal to be paid in each instalment = $300,000/3 = $100,000

1st instalment = $300,000*5% + $100,000 = $115,000

2nd instalment = $200,000*5% + $100,000 = $110,000

3rd installment = $100,000*5% +$100,000 = $105,000

2- Prepare an amortization table for the instalment note.

Please see excel in attachment  

3- Prepare the journal entry for the second installment payment.

Debit loan payables account: $100,000

Debit Interest expenses: $10,000

Credit cash: $110,000

Download xlsx
5 0
2 years ago
Carol has worked for Centrum Springs, Inc., for many years and has now been given the opportunity to advance in the company. Her
Ira Lisetskai [31]

Answer:

controlling, organizing, planning, and leading  

Explanation:

Based on the scenario being described within the question it can be said that the many plans such as controlling, organizing, planning, and leading  are missing from Carol's department. Such as she mentioned Carol's department has not provided any plans to teach her how to advance in her job or even controlled that her department is running efficiently. Along with not encouraging Carol to pursue advancing in the company, it seems that her department has failed in every one of these planning categories.

3 0
2 years ago
Read 2 more answers
Brockman Guitar Company is in the business of manufacturing top-quality, steelstring folk guitars. In recent years the company h
Kazeer [188]

Answer:

(a) This is ethically wrong. Reasons provided in the explanation section

(b) It is in the company's favor to not indulge in window dressing

Explanation:

(a) To understand the ethical implications of Window Dressing, we must understand what the term implies and why it may be considered right or wrong.

Window dressing is the process of taking certain decisions or actions that would result in the improvement of a company's financial statement (e.g balance sheet/income statement etc). For example, the company might be having a bad final quarter in terms of achieving sales targets so it might resort to given unsustainable discounts or other offerings to some customers to record sales earlier. Or a company might change its depreciation policy to reflect a lower depreciation charge in order to increases reported profits.

As we can see, these are ethically wrong practices since they distort the financial position of the company that is being presented to users of the financial statements. In preparing financial statements, the issuing entity needs to ensure that the information is honest and can be fairly relied on my users of the statements as presenting the fair financial position and performance of the company. Window dressing distorts this purpose and does not provide users of the statements with the actual picture.

(b) We have already identified that Barbara's idea is unethical and therefore, should not be undertaken. Secondly, other than taking a moral view point, window dressing will also hurt a company. By factoring receivables and selling of raw materials inventories, there would be an influx of cash allowing the company to meet the bank's covenants but it does nothing to address the underlying issues of the company. There is a reason that the company is showing consistent negative cash flow position. There needs to be a thorough investigation into why there was an unanticipated buildup of receivables and inventory. Are there bad/doubtful debts? Is there over capacity? Any changes in product demand? These issues need to be resolved first.

Third, this practice is not sustainable. It might be be beneficial in the short term but cannot be sustained in the long run. The same problem may be exacerbated in the next year. Selling raw materials (in an inflationary environment) will add higher cost when the company goes on to produce finished goods in the next year.

Finally, window dressing cannot be so easily hidden under the rug. Auditors, investors and bankers can easily go through your statements and identify this barren attempt. At one point, the banker is unwilling to consider a loan application because of liquidity concerns and then immediately show  a huge surplus in cash. The decrease in inventory and receivables will be highlighted very easily which would cause a huge issue to the company in terms of its reputation,thereby putting it in deeper troubles

4 0
2 years ago
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