This activity is important because we will all be faced with difficult choices and don't want to make an unethical choice. It helps to ask
yourself the three questions created by Blanchard and Peale to make sure you don't make a mistake and do something unethical,
The goal of this activity is to demonstrate your understanding of how to use the three questions to ask yourself when faced with an
ethical dilemma.
Instructions: Read the descriptions and then determine which question is appropriate for each situation.
1. Your boss is always asking you to lie to your coworkers about why he is never in his office to cover for him.
How will it make me feel about myself? ✓
2. Your boss asks you to accept cash payments for wages and not report them to the government.
Is my proposed action legal?
3. You call in sick to work to go out with friends. It is the busiest night of the season at your job.
Is it balanced?
4. Your boss asks you to post lies about his competitor on social media.
Is it balanced?
5. A friend asked for the answers to the ethics test the employment office gives all applicants.
Is it balanced?
(Click to select)
How will it make me feel about myself?
Is my proposed action legal?
Is it balanced?
Answers
The correct questions to ask in the above-stated ethical dilemmas are:
How will it make me feel about myself?Is my proposed action legal?Is my proposed action legal?Is my proposed action legal?Is my proposed action legal?What is an ethical dilemma?In philosophy, ethical dilemmas, also known as ethical paradoxes or moral dilemmas, are circumstances in which an agent is confronted with two competing moral criteria, neither of which takes precedence over the other.
It is to be noted that a similar notion classifies ethical quandaries as circumstances in which every viable option is incorrect.
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Related Questions
Accounts Receivable: $24,000Allowance for Uncollectible Accounts: $1,000During the year there were $450,000 of credit sales, $460,000 of collections from credit customers, and $3,700 of write-offs of delinquent accounts. At the end of the year, the company adjusted for bad debts expense using the percent-of-sales method, and applied a rate, based on past history, of 1.2%. At the end of the year, what was the balance in the Accounts receivable
Answers
Answer: $10,300
Explanation:
The following can be deduced from the question:
Opening balance of the account receivable = $24,000
Accounts receivable after the credit sales would be calculated as:
= $24,000 + $450,000
= $474,000
We then calculate the accounts receivable after the collection of credit which will be:
= $474,000 - $460,000
= $14,000
Therefore, the the balance in the accounts receivable would be:
=$14,000 - $3,700
= $10,300
Task 1: Careers and Educational Requirements Perform online research and choose a career in the financial services industry. Determine the education you will need to prepare for this career.
Task 2: Certification Requirements
For your chosen career, identify the certification or licensing required. Develop a strategy to prepare for certification.
Task 3: Information Technology and Interpersonal Skills
For your chosen career, describe the skills you will need to learn and develop.
Answers
For Task 1, I have chosen the career of a financial analyst in the financial services industry. To prepare for this career, a Bachelor's degree in Finance, Accounting, Economics, or a related field is required.
For Task 2, becoming a Certified Financial Analyst (CFA) is highly valued in this career. The CFA program consists of three levels of exams that cover topics such as economics, financial reporting and analysis, ethics, and investment tools.
For Task 3, both information technology and interpersonal skills are important in this career. Financial analysts must have strong analytical skills and be proficient in using financial modeling software and spreadsheet applications.
Task 1- Many employers also prefer candidates with a Master's degree in one of these fields. Additionally, courses in statistics, mathematics, and computer science can be beneficial in this career. Task 2- To prepare for this certification, one should enroll in a CFA program review course, study the material thoroughly, and take practice exams to prepare for the rigorous testing process.
Task 3- They also need to have excellent communication and interpersonal skills to be able to work effectively with clients and team members. Additionally, they must be able to present complex financial information in a clear and understandable manner. Developing and honing these skills can be achieved through a combination of on-the-job experience, training, and continuing education courses.
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a food worker wearing artifishal nails is preparing a salad for lunch rush what should she do to prevent from contaminating the salad
Answers
Answer:
wear gloves when preparing the salad.
Explanation:
A manufacturing company is considering two alternative locations for a new facility. The fixed and
variable costs for the two locations are found in the table below. For which volume of business wo
the two locations be equally attractive? If the company plans on producing 50,000 units, which loc
would be more attractive? {7}
Fixed Costs
Variable Costs ($ per unit)
Glen Rose
$1,000,000
25
Mesquite
$1,500,000
23
Answers
Answer:1,000,025
Explanation:if you add all it up you get 1,000,025
If the order is accepted, by how much will monthly profits increase or decrease? (The order would not change the company’s total fixed costs.) Show and label all computations using words and numbers to explain the steps please (final answer should be incremental profits)
Answers
If the Superior Company accepts the special order, monthly profits will increase by $2,500.
By how much will monthly profits increase or decrease if order is accepted?To determine the impact on monthly profits, we need to calculate the contribution margin per unit on the special order.
Contribution margin per unit = Selling price per unit - Variable costs per unit
= $15 - ($2.50 + $3.00 + $0.50 + $1.50)
= $7.50
The contribution margin ratio is 50% ($7.50 / $15).
The fixed costs are $4.25 + $2.00 = $6.25 per unit.
If the company accepts the special order, it will produce and sell an additional 2,000 units.
Total contribution margin from the special order:
= 2,000 units x $7.50 per unit
= $15,000
Since the order would not affect regular sales, the company's total fixed costs will remain the same. Therefore, the increase in monthly profits would be:
Increase in monthly profits = Total contribution margin from the special order - Incremental fixed costs
= $15,000 - ($6.25 x 2,000)
= $2,500.
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Many people who do not smoke cigars are bothered by the odor of cigar smoke. If private contracting is impossible, will too many or too few cigars be pro-duced and consumed? Taking all costs into account, is the market price of cigars too high or too low?
Answers
If private contracting is impossible in producing cigars, too few cigars would be produced and consumed. If all costs are taken into account, the market price of cigars is too low.
What happens if private companies can't produce cigars?The government usually bows to the will of the people and if many people don't like cigars, the government won't produce it so few will be consumed.
The fact that many people are affected negatively by the smell of cigars means that cigars are too cheap if the healthcare costs to people are taken into account.
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Which of the following markets is an example of monopolistic competition?
Answers
Answer: The restaurant industry
Explanation:
Answer:A new pizza shop promotes a unique new flavor of ice cream
The TQM has gone through five stages in its evolution. Discuss the evolution and stages of Total Quality management process
Answers
The stages of the Total Quality Management are:
1. Commitment and understanding from employees:
All the employees that work in the organization are supposed to have an understanding of the TQM policies that makes them a part of the company. They should know the goals and they should be willing to work towards the success of the business.
2. Quality improvement in culture:
The culture in the organization should be a modern one in the sense that it would encourage feedback from the employees. The employees should be listened to and their ideas should be bought.
3. Continuous Improvement:
The TQM is continuous , there has to be continuous and constant improvement in policies and procedures at the management level. Research is also very important
4. Customer requirement:
The customers always require top notch service from the business. It is very important to focus on the needs of the customers. Good customer relationship is needed for survival.
5. Effective control:
There should be evaluations of the business to check performance and also to document progress.
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22. Which of the following is correct?
a. If the central bank purchases bonds in the open market, then the money supply
shifts right and there is more currency in circulation.
b. If the central bank sells bonds in the open market, then money supply shifts right
and there is less currency in circulation.
c.
If the central bank purchases bonds, then the money supply shifts right and there
is less currency in circulation.
d.
If the central bank purchases bonds, then the money supply shifts right and there
is no change in currency circulation.
Answers
. If the central bank purchases bonds in the open market, then the money supply shifts right and there is more currency in circulation.
Any open-market operation is when the central banking authority buys and sells government securities, occasionally also commercial paper, with the goal of continuously controlling the money supply and credit conditions.
In some cases, the central bank's lending policies collide with the goal of using open-market operations to stabilize the price of government assets.
When a central bank buys securities on the open market, three things happen:
(1) commercial banks' reserves rise, allowing them to increase loans and investments;
(2) the price of government securities rises, causing interest rates on those securities to fall; and
(3) interest rates fall generally, encouraging business investment.
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purchased goods of rs 40000 journal entries
Answers
The journal entry for Rs. 40, 000 purchases would include a debit to purchases and credit to cash or accounts payable.
How to enter the journal ?The Purchases account is debited because the business has acquired goods, which is an asset. The Accounts Payable account is credited because the business owes money to the supplier for the goods.
Date Account title Debit Credit
XX -XXXX Purchases Rs. 40, 000
Accounts payable Rs. 40, 000
This journal entry will increase the balance of the Purchases account and the Accounts Payable account. The Purchases account will be used to track the cost of goods sold, and the Accounts Payable account will be used to track the amount of money owed to suppliers.
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Resources are limited in
_________?
Answers
Answer:
A basic condition of nature which means that the quantities of available labor, capital, land and entrepreneurship used for the production of goods and services are finite. It means that the economy has only so many resources that can be used AT ANY GIVEN TIME time to produce goods and services.
Explanation:
A firm investing to create one product because that investment could lead to the development of other products in the future is an example of the option to ________.
Answers
Answer:
Expand.
Explanation:
A firm investing to create one product because that investment could lead to the development of other products in the future is an example of the option to Expand. When a company produces one product to make many more products from the same in the future, that means the company is expanding.
what is paying divedends to stockholders do?
Answers
Dividends are paid out by companies as a strategy to reward present stockholders and lure in new ones.
Owners of one or more shares of a company's capital stock are referred to as stockholders or shareholders. As a result of being seen as distinct from the corporation, an investor is only partially liable for its debts. Common stockholder is a term used to describe a person who owns shares of common stock in a firm. The corporation's board of directors is chosen by the company's common investors, who also cast ballots on specific decisions like the company's merger with another corporation. When a business succeeds more and more, common stockholders typically benefit financially. Some businesses also issue preferred stock along with common stock. Preferred stockholders are the people who own shares of preferred stock.
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Darlene will borrow $2200 at 15% apr. She will pay it back in 12 months. How much interest will she pay? use the table.
Answers
The correct option is C. According to the table for a time of 12 months and at a rate of 15%, the interest per $100 is $15. Therefore, for a principal of $2200, the interest will be $ 330
(2200/100) × 15
= $ 330
In finance and economics, a hobby is a charge from a borrower or deposit-taking monetary organization to a lender or depositor of an amount above reimbursement of the fundamental sum (that is, the quantity borrowed), at a selected price. it's far awesome from a price that the borrower can also moreover pay the lender or a few 1/3 birthday celebrations.
it is also awesome from a dividend that's paid with the aid of an enterprise to its shareholders (owners) from its earnings or reserve, however no longer at a selected charge decided ahead, as a substitute on a pro-rata foundation as a share within the praise gained by means of chance taking entrepreneurs when the revenue earned exceeds the overall charges. for example, a consumer would generally pay hobby to borrow from a financial institution, in order that they pay the bank an amount that's extra than the amount they borrowed; or a consumer may also earn hobby on their financial savings, and so they may withdraw extra than they in the beginning deposit. In the case of monetary savings, the consumer is the lender, and the financial institution performs the location of the borrower.
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Complete Question:
Darlene will borrow $2200 at 15% APR. She will pay it back in 12 months. How much interest will she pay? Use the table.
A. $154.00
B. $286.00
C. $330.00
D. $412.50
Industry standards suggest that 7% of new vehicles require warranty service within the first year. Jones Nissan in Sumter, South Carolina, sold 9 Nissans yesterday. (Round your mean answer to 2 decimal places and the other answers to 4 decimal places.)
a. What is the probability that none of these vehicles requires warranty service?
b. What is the probability exactly one of these vehicles requires warranty service?
c. Determine the probability that exactly two of these vehicles require warranty service.
d. Compute the mean and standard deviation of this probability distribution.
Answers
The standard deviation is 0.749 and the probability distribution's mean is 0.63.
What is Standard Deviation?A set of data values' variation or dispersion from their mean (average) is measured by their standard deviation. It tells how far apart the individual data points are from the data set's mean value. To put it another way, it is a measure of how different the data are from the mean. A standard deviation that is smaller indicates that the data points are closer to the mean, while a standard deviation that is larger indicates that the data points are further from the mean. It is calculated by taking the square root of the variance, and it is frequently used in statistical analysis.
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Nate works 40 hours and makes $8.95 per hour. his deductions are federal tax, $45.95; state tax, $8.80; social security tax, $13.76 and health insurance, $7.16. what is his net pay?
Answers
Answer: The answer would be $282.33
Explanation: Multiply the $8.95 per hour by the 40 hours he works which will equal to 358, add all the deduction amounts together which will equal to 75.67, take away 75.67 from the 358 from before which will give your answer $282.33.
Juniper Design Limited of Manchester, England, is a company specializing in providing design services to residential developers. Last year the company had net operating income of $420,000 on sales of $1,500,000. The company’s average operating assets for the year were $1,700,000 and its minimum required rate of return was 15%.
Required:
Compute the company’s residual income for the year.
Answers
Answer: 165,000
Explanation:
To compute the company’s residual income for the year, we can use the formula:
Residual Income = Net Operating Income – (Minimum Required Rate of Return x Average Operating Assets)
Given: Net Operating Income = $420,000 sales = $1,500,000
Average Operating Assets = $1,700,000
Minimum Required Rate of Return = 15% = 0.15
Residual Income = Net Operating Income – (Minimum Required Rate of Return x Average Operating Assets)
Residual Income = $420,000 – (0.15 x $1,700,000)
Residual Income = $420,000 – $255,000
Residual Income = $165,000
Therefore, the company’s residual income for the year was $165,000.
A company's trial balance included the following account balances: Accounts Payable $ 19,347 Accounts Receivable 81,476 Cash 73,464 Income Tax Payable 3,652 Inventory 25,956 Notes Payable, due in two years 1,849 Equipment 55,528 Stockholders’ Equity 204,208 Supplies 5,652 Wages Payable 13,020 What is the amount of Total Assets on the Balance Sheet?
Answers
The amount of Total Assets on the Balance Sheet is $242,076
What is an asset?An asset is something that provides a current, future, or potential economic benefit for an individual or other entity.
Total Assets on the Balance Sheet
Fixed Asset:
Equipment 55,528 55,528
Current Asset:
Accounts Receivable 81,476
Cash 73,464
Inventory 25,956
Supplies 5,652 186,548
Total assets 242,076
Hence, the amount of Total Assets on the Balance Sheet is $242,076
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Jim has to step into an existing high-priority project as the current project manager has suddenly reported sick just before an important milestone. He finds that the team is exhausted on account of the high workload, morale is low, and the client is pushing forward with previously agreed but clearly unreasonable deadlines. 1. What is the second most effective responsive? Jim decides to set the house in order. He informs his director with a status report detailing the issues, informs him that he would be talking with the client to discuss the deadlines, and needs to sit with the team to review and resolve the issues to the extent possible before the next scheduled delivery. Jim tries to maintain the status quo and presses forward with the team to ensure client deadlines are met, no matter what. It is just a matter of holding the fort till the original project manager is back. Jim decides it is not worth stake his reputation on an ill-fated project, informs his director accordingly with a status report detailing the issues, and excuses himself from the project.
Answers
The second most effective response is, Jim decides to set the house in order. He informs his director with a status report detailing the issues, informs him that he would be talking with the client to discuss the deadlines, and needs to sit with the team to review and resolve the issues to the extent possible before the next scheduled delivery. Option a is correct.
The second most effective response would be option (a). Jim needs to communicate with the director about the situation and then address the issues with the team and client. It is important to set realistic expectations and ensure that everyone is on the same page. Ignoring the problems and pressing forward (option b) could result in further burnout and even more problems down the line.
Walking away from the project (option c) is not a good option either, as it does not address the current situation and could harm Jim's professional reputation. It is important to take responsibility and make an effort to improve the situation to the best of Jim's ability. Option a is correct.
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Step 2: Writing Report
Explain the value of using data analysis.
Explain the risks of not using data visualization.
The report should explain the data that you have analyzed throughout the course.
Step 3: Lessons Learned
Identify some key points that you found about data analytics in this course and add a slide for lessons learned at the end of your presentation on what you learned this session.
Answers
The value that can be gotten from Data analytics is that it can aid companies to have broad knowledge of market segments, and can help to increase their market share as well as revenue growth.
The risks of not using data visualization is that the company may not be be able to to maintain the audience's interest with information.
What is the importance of Data analytics?For example, data analytics can help businesses find underdeveloped market areas, anticipate client wants, and improve their product offers. Businesses that use data analytics to acquire a competitive edge can grow their market share, accelerate revenue growth, and strengthen their brand.
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A process includes 9 tasks and there are 3 workers. Each task can be assigned to only one worker and each worker must be assigned consecutive tasks. You need to balance the line by assigning the 9 tasks to the 3 workers in such a way to optimize capacity per hour. The time to complete tasks 1 to 9 (in seconds) are as follows:
80, 50, 30, 25, 55, 15, 45, 105, 40
Reqiured:
What is the capacity of this process in units per hour?
Answers
Answer:
The capacity of this process in units per hour is:
= 2.43 tasks per worker hour.
Explanation:
a) Data and Calculations:
Number of tasks in the process = 9
Number of workers available = 3
Thus, each worker will accomplish 3 tasks (9/3)
Total time to accomplish the 9 tasks = Sum(80, 50, 30, 25, 55, 15, 45, 105, 40) = 445 seconds or 1.236 hours
Therefore, the capacity of the process per hour = 9/(1.236 * 3) = 9/3.708
= 2.43 tasks per worker hour
Question 5 Shop A charges $275.00 for an oil change and has a gross oil profit percent of 39.1% for its total oil gross profit 96. Shop B charges $275.00 for an oil change and has a gross oil profit percent of 28.4% for its total oil gross profit . Both shops pay $21.25 per gallon of oil. What is the Profit per Lube for Shop B?
Answers
To calculate the Profit per Lube for Shop B, we need to determine the total profit made from each oil change and then divide it by the amount of oil used.
First, we need to find the total oil gross profit for Shop B. We know that Shop B charges $275.00 for an oil change and has a gross oil profit percent of 28.4%. This means the gross oil profit is calculated as a percentage of the total price.
Gross oil profit for Shop B = 28.4% of $275.00
= (28.4/100) * $275.00
= $78.10
Next, we need to calculate the amount of oil used for each oil change. We are given that both shops pay $21.25 per gallon of oil.
Amount of oil used for each oil change = $275.00 / $21.25 per gallon
= 12.94 gallons (rounded to two decimal places)
Finally, we can calculate the Profit per Lube for Shop B by dividing the total oil gross profit by the amount of oil used.
Profit per Lube for Shop B = Gross oil profit for Shop B / Amount of oil used
= $78.10 / 12.94 gallons
≈ $6.03 per gallon
Therefore, the Profit per Lube for Shop B is approximately $6.03 per gallon.
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In risk management what does risk control include
Answers
Financial, operational, perimeter, and strategic risks.
Like costs, labor, and weather.
Discuss the challenge created for financial accountants by the presence of uncertainty.
Answers
Uncertainty creates challenges for financial accountants in accurately measuring, reporting, and disclosing financial information.
The presence of uncertainty poses significant challenges for financial accountants. Uncertainty refers to the lack of predictability or reliability in future events or outcomes, which makes it difficult to accurately measure and report financial information. Here are some key challenges created by uncertainty:
Measurement and valuation: Uncertainty makes it challenging to determine the appropriate measurement and valuation of assets, liabilities, revenues, and expenses.
Financial accountants must make estimates and judgments based on available information, assumptions, and professional judgment. However, the accuracy of these estimates may be compromised by the inherent uncertainty.
Financial statement presentation: Uncertainty affects the presentation of financial statements. Accountants must disclose the nature and extent of significant uncertainties that could impact the company's financial position and performance. However, determining which uncertainties are material and require disclosure can be subjective and complex.
Risk assessment: Uncertainty introduces risk into financial reporting. Accountants need to assess and manage risks associated with uncertain events, such as changes in market conditions, legal disputes, or environmental factors. They must consider the potential impact of these risks on financial statements and disclose them appropriately.
Forecasting and decision-making: Uncertainty makes forecasting and decision-making challenging for financial accountants. They need to analyze financial data and projections while considering the potential impacts of uncertain factors.
This requires them to use sophisticated models, scenario analysis, and sensitivity analysis to assess the range of possible outcomes.
Regulatory compliance: Financial accountants must comply with accounting standards and regulatory requirements. Uncertainty adds complexity to compliance efforts, as new and evolving regulations may require additional disclosures or adjustments to financial statements to reflect uncertain events or future obligations.
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Please answer both questions in complete sentences
Provide three examples of either asserts or liabilities. Also, how do assets and liabilities apply to your personal life?
Answers
Explanation:
joan has 16 coins in her pocket. she has the same number of quarters as nickels and she has twice as much dimes as quarters. How much dimes does she have?
Suppose the price elasticity of supply for lumber is 2.4. If the price of lumber increases by 20% how much would the quantity supplied of lumber change
Answers
The quantity supplied of lumber would increase by 48% in response to a 20% increase in the price of lumber.
How to calculate by how much would the quantity supplied of lumber changeIf the price elasticity of supply for lumber is 2.4, then we can use the formula:
Elasticity of supply = percentage change in quantity supplied / percentage change in price
Solving for the percentage change in quantity supplied, we get:
Percentage change in quantity supplied = Elasticity of supply * Percentage change in price
Given that the price of lumber increases by 20%, the percentage change in price is 20%.
The percentage change in quantity supplied would be:
Percentage change in quantity supplied = 2.4 * 20% = 48%
Hence, the quantity supplied of lumber would increase by 48% in response to a 20% increase in the price of lumber.
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Jesse has a good job and pays off his one credit card every month. He was surprised that when he applied for a loan to buy a car, he was rejected. Explain the steps the he should take to check his credit report for errors. How can he resolve any errors that he discovers?
Answers
It should be remembered that a credit report is just a record of a borrower's payments. When Jesse discovers the problem in his credit report, he needs to notify the credit reporting agency in writing.
A credit report is a document that contains details on your credit history, credit use, and other aspects of your credit behavior and circumstances. You should be able to check your credit score by going into your account online or looking over your monthly statement if your bank or credit card provider gives free credit ratings.
You may view your credit score or report for free using other services as well. Creditors such as lenders, credit card issuers, and other financial institutions send financial information about you to credit reporting firms, commonly referred to as credit bureaus or consumer reporting agencies, who then collect and store it.
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Which franchise model do automobile dealerships usually follow?
(plato)
Answers
Product distribution franchises meaning: Distribution Franchise, these product-driven franchises are where the franchisee distributes the parent company products and some related services. The parent company provides the use of its branded trademark, but not typically an entire system for running a business.
A company paid an old bill from a previous month for $300 cash. The effect of this transaction in the basic accounting equation is *
A decrease in Cash and an increase in Accounts Payable
A decrease in Cash and an increase in Owner’s Capital
An increase in Accounts Payable and a decrease in Owner’s Capital
None of the above
Answers
Answer:
None of the above
Explanation:
Given the situation described above in the question and considering the available options, the right answer to
-The effect of this transaction in the basic accounting equation is that "the account payable decreases and the cash increases"
This answer is not part of the available option. Hence, the correct answer is "None of the above"
The following information applies to the questions displayed below.
On January 1, Year 2 Grande Company had a $14,000 balance in the Accounts Receivable account and a zero balance in the Allowance for Doubtful Accounts account. During Year 2, Grande provided $64,000 of service on account. The company collected $60,500 cash from accounts receivable. Uncollectible accounts are estimated to be 2% of sales on account
What is the amount of uncollectible accounts expense recognized on the Year 2 Income statement?
a. $ 280
b. $3,500
c. $1,210
d. $1,280
Answers
Answer:
the answer is 3,500
3,500