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2 years ago

Which of the following is a good rule for avoiding unethical behavior?

Business

1 answer:

scoundrel [369]2 years ago

6 0

Answer:

b. If it feels wrong, don’t do it

Explanation:

Ethics is about doing what is morally right. This may vary from one person to another as what may be right to one may be wrong to another based on culture and other influential factors.

A good rule for avoiding unethical behavior would therefore be " If it feels wrong, don’t do it"

The right option is b.

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Gabriella strongly prefers a specific brand of gourmet coffee. Since there is only one store in her area that sells her brand, s

omeli [17]

Answer:

A. True

Explanation:

For her it is a specialty good because it not sold everywhere, therefore she makes the extra effort.

7 0

2 years ago

Cecil Jameson, Attorney-at-Law, is a proprietorship owned and operated by Cecil Jameson. On July 1, 2007, Cecil Jameson, Attorne

Kisachek [45]

Answer:

1. Determine the amount of owner’s equity (Cecil Jameson’s capital) as of July 1, 2007.

equity = assets - liabilities = $15,050 - $1,530 = $13,520

2. State the assets, liabilities, and owner’s equity as of July 1 in equation form similar to that shown in this chapter. In tabular form below the equation, indicate the increases and decreases resulting from each transaction and the new balances after each transaction.

since there is not enough room here, I used an excel spreadsheet

3. Prepare an income statement for July, a statement of owner’s equity for July, and a balance sheet as of July 31, 2007.

Cecil Jameson, Attorney-at-Law

Income Statement

For the month ended July 31, 2007

Service revenue $5,953

Expenses:

Paralegal services $1,635
Wages expense $850
Rent $1,200
Answering service expense $250
Utilities expense $325
Supplies expense $115
Miscellaneous expense $75 $4,450

Operating income $1,503

Cecil Jameson, Attorney-at-Law

Balance Sheet

For the month ended July 31, 2007

Assets:

Cash $6,873

Accounts receivables $2,225

Supplies $980

Land $10,000

Total assets $20,078

Liabilities:

Accounts payable $720

Paralegal fees payable $1,635

Total liabilities $2,355

Equity:

Jameson, Cecil, capital $18,723

Jameson, Cecil, drawings -$1,000

Total equity $17,723

Liabilities + Equity = $20,078

Cecil Jameson, Attorney-at-Law

Statement of Owner’s Equity

For the month ended July 31, 2007

Jameson, Cecil, capital balance July 1, 2007 $13,520

Investment during the month $3,700

Net income $1,503

Subtotal $18,723

Drawings ($1,000)

Jameson, Cecil, capital balance July 31, 2007 $17,723

4. (Optional). Prepare a statement of cash flows for July.

Cecil Jameson, Attorney-at-Law

Statement of Cash Flows

For the month ended July 31, 2007

Cash flows from operating activities

Net income $1,503

Adjustments to net income:

Decrease in accounts receivables $975
Decrease in accounts payables ($810)
Increase in supplies inventory ($130)
Increase in paralegal fees payable $1,635 $1,670

Net increase in cash from operating activities $3,173

Cash flows from investing activities $0

Cash flows from financing activities

Additional paid in capital $3,700

Drawings ($1,000)

Net increase in cash from financing activities $2,700

Net increase in cash $5,873

Cash balance July 1, 2007 $1,000

Cash balance July 31, 2007 $6,873

Download pdf

5 0

2 years ago

Barry Cuda currently has $35,000 in his Roth IRA which has been earning 7%. Barry is planning on depositing $5500 annually for t

ki77a [65]

Answer:

Total worth of worth of investment= $1,622,099.14

Explanation:

The total amount available in his account would be determined as follows:

The value of the existing current amount in 40 years time

FV = PV × (1+r)^ n

FV- future value

PV- current amount in account

r- interest rate

n- number of years

FV = 35,000 × (1.07)^(40=

FV= 524,106.02

The value of the new annual deposit of 5,500 in 40 years time

This represents an annuity. An annuity is series of constant but equal amount occurring for a certain number of years .

FV= A×( (1+r) -1)/r

FV - future value

R - interests rate

n- number of years

A- annual deposit

FV = 5,500 × ((1+0.07)^40 -1)/0.07

FV= 1,097,993.12

Total worth of worth of investment

= 524,106.02 + 1,097,993.12 = 1,622,099.14

Total worth of worth of investment= $1,622,099.14

3 0

2 years ago

Using the world bank index how many us dollars would buy the same amount of rupees as 862800

Strike441 [17]

With the current exchange rate provided by the word bank, 1 US dollar would be the equivalent of 64.43 Indian Rupees or INR. By knowing this exchange rate, you can simply divide the given amount which is 862,800 Indian Rupees by 64.43 INR. After dividing the two amounts, you will probably have 13,391.28 as your answer. There are a lot of ways in the digital age to convert currencies right now. However, when you exchange your money in exchange centers,do not expect to have the same amount you just calculated since you will be paying for a few taxes and service fees.

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2 years ago

Lindsay is training two new sales representatives, Lance and Ayden, to use the revised client-tracking database, which has been

Ira Lisetskai [31]

Answer:

The correct answers are lettera "A", "B" and "D": Be sure that Lance and Ayden know how to connect to Lindsay’s desktop; Frequently ask Lance and Ayden if what she is saying makes sense; Expect to review meeting content due to the limitations of virtual technology.

Explanation:

Thanks to technology, training can be given through online platforms that connect individuals even if they are in different parts of the world. Just like in Linday's case. For her training to be successful, Lance and Ayden must interact with Lindsay so she must make sure both of them are connected properly to her desktop.

After trying the features of the update, Lindsay must make sure both of them are learning and understand what they are doing so asking them if the information provided make sense can help for such a purpose. At the end of the session, Linday has to summarize the content review during the meeting so Lance and Ayden quickly verify what they learned.

7 0

2 years ago