Answer:
Is bluffing ethical? Under what circumstances?
Bluffing is basically lying, and lying is wrong. But on some circumstances, specially when you are carrying out a game strategy (and want to win), then bluffing might not be so bad.
Personally, I believe that bluffing is not unethical when you are negotiating with unions. I have nothing against unions, but their duty is to get the highest possible salary and benefits for their members. On the other hand, the company must balance the interests of its employees, the community and its shareholders. Union delegates always make very high initial demands, the company offers a very low increase or raise, and then after negotiating you get to a middle point. So bluffing could be just a strategy in order to negotiate some concessions, e.g. no pay raise until the company starts making a profit again.
What would Kant and Mill say?
Kant believed that the morality of someone's actions should be judged based on their duty. Since it is your duty to try to get some labor concessions, then bluffing is not unethical.
Mill believed that the morality of someone's actions should be judged based on the results, or how much good or happiness results from them. In this case, I suppose that more people would be unhappy than happy if you actually get some labor concessions, so bluffing would be unethical.
What would be the result under the Front Page test?
The front page test basically wants you to look at the events from the point of view of a third party that is not involved in the actions. If you could read this on the front page of a newspaper and it happened to someone else, would it be ethical or unethical? Since I believe that bluffing is a valid game strategy, then if I read this on a newspaper I would be OK with it.
Which of the following is an example of an equity investment?
(Select the best answer.)
A company bond
A company's stock
A government bond
A loan
Answer:
A company's stock
Explanation:
There are two main capital structure i.e. debt and the equity. The debt is the loan which is to be borrowed by the individual or a company in order to raise a capital. While the other one is equity in which it shows the ownership stake in the company also it involves the securities than should be traded in the stock markets
While going through the options given, the second option is correct as other options are the examples of debt and the same is not considered for an equity investment
You want to accumulate $1 million by your retirement date, which is 25 years from now. You will make 25 deposits in your bank, with the first occurring today. The bank pays 7% interest, compounded annually. You expect to receive annual raise of 3%, which will offset inflation, and you will let the amount you deposit each year also grow by 3% (i.e., your second deposit will be 3% greater than your first, the third will be 3% greater than the second, etc.). How much must your first deposit be if you are to meet your goal
Answer:
First deposit will be $11,213.87
Explanation:
To derive how much the first deposit must be, the deposit can be derived by using payment formula for growing annuity
P = FV x (r - g) / [(1 + r)^n - (1 + g)^n]
When FV = $1,000,000
r = 7%
g = 3%
n = 25
Hence, First payment will be:
P = 1,000,000 * (7% - 3%) / (1.07^25 - 1.03^25)
P = 1,000,000 * 4% / 5.427433 - 2.093778
P = 40,000 / 3.333655
P = 11998.842
P = $11,998.84
However, this formula is applicable when the payments are made at the end of the year. In this case the payments are upfront, occurring today. We need to adjust this first payment to reflect the early payment.
Hence, first payment = $11,998.84 / (1 + 7%)
First payment = $11,998.84 / (1 + 0.07)
First payment = $11,998.84 / 1.07
First payment = 11213.8691588785
First payment = $11,213.87
A company rents office space for $10,000. The company hasn’t yet recorded payment as an expense in the financial statements because it hasn’t started using the premises.
On 3/15/20, Robertson Corp. bought land from Lear, Inc. for $248,000. Lear had carried the land on its books at $240,000. Robertson paid $50,000 in cash and signed a note payable for the balance. On 12/19/20, Davis Co. offered to buy the land from Robertson for $252,000. On its 12/31/20 balance sheet, Robertson should show the land account at:
Answer:
$248,000
Explanation:
According to the historical cost principle, the fixed assets should be recorded at the purchase price or the acquired price.
Since in the question it is mentioned that the land is purchased from Lear inc for $248,000 and the other transactions are also there
So here the land should be recorded at the purchase price i.e. $248,000
Alice, Amber, and Andi make and sell pottery. Alice is willing to sell a 5 inch pot for $25 , Amber is willing to sell a 5 inch pot for $28 , and Andi is willing to sell a 5 inch pot for $52 . If each of the ladies is able to sell one 5 inch pot for $55 , what is their combined producer surplus
Answer: $60
Explanation:
Producer surplus is simply the difference between the price a producer or seller is willing to accept for a particular good or service and how much the seller eventually sells the product at the market price.
In this scenario, the combined producer surplus will be the addition of the producer surplus of Alice, Amber and Andi. This will be:
= (55 - 25) + (55 - 28) + (55 - 52)
= 30 + 27 + 3
= $ 60
In October 2014, Anheuser Busch InBev (AB InBev) acquired 100 percent of the common stock of SABMiller Group by paying $103,136 million in total consideration. On the acquisition date, the total fair value assigned to tangible and intangible assets acquired (excluding goodwill) was $61,896 million, while the total fair value assigned to liabilities assumed was $31,165 million. What is the value of goodwill recognized in AB InBev's consolidated financial statements as a result of the SABMiller Group acquisition?
Answer:
the value of goodwill recognized in AB InBev's consolidated financial statements is $70,405.
Explanation:
Goodwill is the excess of the Purchase consideration over the Fair Value of the Net assets taken over.
Calculation of Goodwill
Purchase Consideration $103,136
Less Fair Value of Net Assets taken over :
Fair Value of Assets $61,896
Fair Value of Liabilities ($31,165) ($30,731)
Goodwill $70,405
"An unexpected benefit of deliberate practice is ______"
Question options :
A. You become more skilled at perceiving situations
B. your life becomes organized
C. you become successful
D. your children learn valuable lessons from watching
Answer:
A. You become more skilled at perceiving situations
Explanation:
Deliberate practice involves focused and careful directed efforts towards improving performance in a chosen field.
deliberate practice brings unexpected benefits such as being able to understand complex patterns and adapting easily to changes. This is because individuals who experience this are able to develop their intuitions in this way
Here are selected data for Boston Bracing Company: Estimated manufacturing overhead $236,800 Factory utilities $30,200 Estimated labor hours 35,000 Indirect labor $22,400 Actual direct labor hours 36,000 Sales commissions $53,700 Estimated direct labor cost $320,000 Factory rent $47,700 Actual direct labor cost $320,200 Factory property taxes $28,100 Factory depreciation $66,000 Indirect materials $33,000 If the company allocates manufacturing overhead based on direct labor cost, what are the allocated manufacturing overhead costs?
Answer:
Allocated MOH= $236,948
Explanation:
Giving the following information:
Estimated manufacturing overhead $236,800
Estimated direct labor cost $320,000
Actual direct labor cost $320,200
First, we need to calculate the predetermined overhead rate:
Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base
Predetermined manufacturing overhead rate= 236,800/320,000
Predetermined manufacturing overhead rate= $0.74 per direct labor dollar
Now, we can allocate overhead:
Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base
Allocated MOH= 0.74*320,200
Allocated MOH= $236,948
PLEASE HELP ASAP, I NEED TO DO THIS BUT DONT KNOW HOW TO. Describe how free markets solve the problem of coordination. Why do command economies struggle with this problem?
In January, Stripe, Inc. purchased 50 shares of its own $10 par value common stock for $20 per share. In March, Stripe sold 10 shares at $25 per share. The journal entry to record the sale of treasury stock using the cost method would include a (debit/credit) Blank 1 of 2 to Treasury Stock in the amount of $ Blank 2 of 2.
Answer: credit; $200
Explanation:
The journal entry to record the sale of treasury stock using the cost method would include a credit to Treasury Stock in the amount of $200.
Using the cost method, the journal entry should reflect the sale of the stock at the original price it was purchased at ( its cost). With the original cost of purchase being $20, the 10 shares that were sold will be recorded as;
= 10 shares * $20
= $200
This will be credited to the Treasury account and along with the additional amount made on the sale, debited to the cash account to reflect a cash increase.
Allo Foundation, a tax-exempt organization, invested $200,000 in cost-saving equipment. The equipment has a five-year useful life with no salvage value. Allo estimates that the annual cash savings from this project will amount to $65,000. On investments of this type, Allo's required rate of return is 12%.The net present value of the project is closest to: Select one: a. $34,300 b. $36,400 c. $90,000 d. $125,000
Answer:
Net Present Value = $ 34,310.45
Explanation:
The Net present Value (NPV ) is the difference between the present value PV of cash inflows and the PV of cash outflows. A positive NPV implies a good investment decision and a negative figure implies the opposite.
NPV of an investment
NPV = PV of Cash inflows - PV of cash outflow
The cash inflow is an annuity.
PV of annuity= A× 1 -(1+r)^(-n)/r
A- Annual cash flow ,- 65,000 r - discount rate - 12%, number of years- 5
Present Value of cash inflow =65,000 × (1- (1.12)^(-5)/0.12 = 234,310.45
Initial cost = 200,000
Net Present Value = - 234,310.45 -200,000 = 34,310.45
Net Present Value = $ 34,310.45
Ethics training programs typically teach how to disguise unethical behavior and not how to avoid unethical behavior.
Answer: False
Explanation:
Ethics are the moral principles which govern the behavior of a person. Ethics help us to know what is right or what is wrong.
Ethics Training program are done in order to enable workers to be able to identify and also deal with the ethical problems that they may face.
Therefore, the statement that "Ethics training programs typically teach how to disguise unethical behavior and not how to avoid unethical behavior" is false.
Price elasticity of demand is an important tool for managers in in a selling environment in deciding what to put on sale. Assume you are the District Manager of a grocery chain which sells everything like Ralphs or Albertsons. What will you put on sale in your district during the Valentine's Day week
Answer:
The manager of the grocery chain should put two types of products:
1) products that are staple in Valentine's Day, because they are very likely to be sold in large numers.
2) products that have low price elasticity, or that are relatively inelastic, because these products will be sold in important quantities even if theirprices are moderately increased, bringing more profit to the firm.
At the annual shareholders meeting of the company you work for, the CEO points out that after a record year of cash flow, the company plans to spend significant amounts of that cash in a stock repurchase program. What is one reason the Board of Directors and executive leadership of a company would use its excess cash flow to buy back its own shares?
Answer:
increase their ownership amount of the company
Explanation:
The main reason why shareholders would do this is to increase their ownership amount of the company. Each company only has a certain number of shares available, the entirety of this amount makes up the entire company. The more shares you own, the more of the company you own. Therefore, when there is excess cash flow many shareholders buyback more of their stocks in order to own more of the company, which they think will continue to grow and bring them more profits.
house alarm system when he moved to his new home in Seattle. For security purposes, he has all of his mail, including his alarm system bill, mailed to his local UPS store. Although the alarm system is activated and the company is aware of its physical address, Richardson receives repeated offers mailed to his physical address, imploring him to protect his house with the system he currently uses. What do you think the problem might be with that company's database
Answer:
it appears there's no database differentiation
Explanation:
Remember, we are told Richardson had already set up his house alarm system when he moved to his new home in Seattle, meaning he had subscribed to the service.
However, because the company's database does not differentiate customers who had activated their alarm system and set their billing to be sent to their local UPS store, it has caused Richardson security concern to still see repeated offers mailed to his physical address.
4. Firm E must choose between two alternative transactions. Transaction 1 requires a cash outlay of $9,000; this expense would be non-deductible in the computation of the firm’s taxable income. Transaction 2 requires a cash outlay of $13,500, all of which would be a deductible expense. Determine which transaction has the lesser after-tax cost, assuming: a) Firm E’s marginal tax rate is 20 percent. b) Firm E’s marginal tax rate is 40 percent.
Answer:
a. Transaction 1
It is not deductible so the Taxable income is $9,000
Transaction 2
It is deductible, taxable income would be;
= 13,500 * ( 1 - Tax)
= 13,500 * ( 1 - 20%)
= $10,800
b. Transaction 1
It is not deductible so the Taxable income is $9,000
Transaction 2
It is deductible, taxable income would be;
= 13,500 * ( 1 - Tax)
= 13,500 * ( 1 - 40%)
= $8,100
________ is what is left after a firm pays its variable costs and fixed costs
Profit is what is left after a firm plays its variable costs and fixed costs.
A company is considering two designs for a machine in its manufacturing line. The first, called machine A, will cost $160000 in fixed costs and will cost $80 per unit in variable costs, for each unit it produces. The second, called B, will cost $270000 in fixed costs and will cost $2 per unit in variable costs, for each unit it produces. At what volume of production will the two machines cost the same
Answer:
The indifference point is 1,410 units
Explanation:
Giving the following information:
Machine A:
Fixed costs= $160,000
Unitary variable cost= $80
Machine B:
Fixed costs= $270,000
Unitary variable cost= $2
First, we need to structure the total cost formula for each machine:
Machine A= 160,000 + 80x
Machine B= 270,000 + 2x
x= number of units
Now, we equal both formulas and isolate x:
160,000 + 80x = 270,000 + 2x
78x = 110,000
x= 110,000/78
x= 1,410 units
The indifference point is 1,410 units
What is the most critical element in successful strategic planning?
Answer:
top management's support and participation
Explanation:
the most critical or important element for successful strategic planning is the support and participation of top management.
Strategic planning has to do with the management situation that involves the creation and maintenance of a fit that involves a firms goals and resources and also rising market opportunities. it's goal is profitability and growth in the long term.
Suppose the most you would be willing to pay to have a freshly washed car before going out on a date is $4.00. The smallest amount for which you would be willing to wash someone else's car is $2.50. You are going out this evening and your car is dirty. How much economic surplus would you receive from washing it
Answer:
Economic surplus is $1.5
Explanation:
Economic surplus considers two components. The consumer surplus and the producer surplus.
Consumer surplus is difference between what a consumer is willing to pay and the market price of a good.
Producer surplus is the difference between the market price of a good and the minimum amount seller is willing to recieve for the product.
In this instance economic surplus combines the benefits that a producer and supplier gets from the product.
Consumer surplus is $4 and the producer surplus is $2.50
So if one decides to wash the car the comic surplus will be 4 - 2.50 = $1.5
Answer: $1.50
Explanation:
The economic surplus is the benefit that a person receives over what they view as the cost of the transaction.
Here you believe the car wash is worth $4.00 yet you believe the cost would be $2.50 if you did it yourself.
The surplus you are gaining therefore is;
= 4 - 2.50
= $1.50
How is the change in cash classified on the statement of cash flows?
a. It is found in the investing activities section of the statement.
b. It is found in the operating activities section of the statement.
c. It is found in the financing activities section of the statement.
d. It is the sum of the investing, operating, and financing activities sections.
Answer:
d. It is the sum of the investing, operating, and financing activities sections.
Explanation:
Change in cash classified on the statement of cash flows is derived by the sum of the Investing cash flow activities + Operating cash flow activities Financing cash flow activities. The balance gotten is known as Net cash flow for the particular period.
A manufacturing company leases a building for $100,000 per year for its manufacturing facilities. In addition, the machinery in this building is being paid for in installments of $20,000 per year. Each unit of the product produced costs $15 in labor and $10 in materials. The product can be sold for $40. Use this information to answer Problem 2-54 through 2-56. Select the closest answer.2-54 How many units per year must be sold for the company to breakeven?a.4,800b.3,000c.8,000d.6,667e.4,0002-55 If 10,000 units per year are sold, what is the annual profit?a.$280,000b.$50,000c.$150,000d.−$50,000e.$30,0002-56 If the selling price is lowered to $35 per unit, how many units must be sold each year for the company to earn a profit of $60,000 per year?a.12,000b.10,000c.16,000d.18,000e.5,143
Answer:
8000
$30,000
d.18,000
Explanation:
Breakeven quantity are the number of units produced and sold at which net income is zero
Breakeven quantity = fixed cost / price – variable cost per unit
Fixed costs are costs that do not vary with output. e,g, rent, mortgage payments
Fixed costs = $100,000 + $20,000 = $120,000
Variable costs are costs that vary with production
variable costs per unit = $15 + $10 = $25
Price = $40
Break even quantity = $120,000 / $40 - $25 = 8000
Profit = total revenue - total cost
Total revenue = price x quantity sold
$40 x 10,000 = $400,000
Total cost = fixed cost + total variable cost
total variable cost = variable cost per unit x quantity sold
$25 x 10,000 = $250,000
total cost = $250,000 + $120,000 = $370,000
Profit = $400,000 - $370,000 = $30,000
C.
Price = $35
quantity = x
profit = $60,000
$60,000 = $35x - ($120,000 + $25x)
solving for x
$180,000 = $10x
x = 18,000
Apple Tree Enterprises allocated overhead based on direct material cost and has a predetermined overhead rate of 160%. During the current period, direct labor cost is $67,000 and direct materials cost is $73,000. In the current period, determine the amount of overhead to be applied by Apple Tree Enterprises.
Answer:
Allocated MOH= $116,800
Explanation:
Giving the following information:
predetermined overhead rate= 160% of direct material
Direct materials= $73,000
To calculate the allocated overhead, we need to use the following formula:
Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base
Allocated MOH= 1.6*73,000
Allocated MOH= $116,800
The following transactions occurred during July: Received $970 cash for services provided to a customer during July. Received $3,400 cash investment from Bob Johnson, the owner of the business. Received $820 from a customer in partial payment of his account receivable which arose from sales in June. Provided services to a customer on credit, $445. Borrowed $6,700 from the bank by signing a promissory note. Received $1,320 cash from a customer for services to be performed next year. What was the amount of revenue for July
Answer: $1,415
Explanation:
Going by the Accrual principle in Accounting, the revenue to be recognized has to be for services rendered in the period of interest regardless of it is in cash or on account.
The revenue transactions for the month of July therefore will be for only services rendered in July.
Those include;
Received $970 cash for services provided to a customer during July.Provided services to a customer on credit, $445The rest were either equity, liability or revenue for a period other than July.
Revenue for July is therefore;
= 970 + 445
= $1,415
When a business offers valuable goods and services what is the potential negative effect of this?
1) causing financial instability 2) disturbing communities
3) generating pollution
4) creating safety risks
Answer:
Option 1, 3 and 4 is the appropriate answer.
Explanation:
Potential negative impacts that industry might have on communities include emissions and waste generation, health & security threats, environmental disturbance as well as financial uncertainty. The future detrimental consequences of the industry are significant problems, but workers should treat themselves in full accordance with the fundamental to modern with either the common values of society.Choice 2 isn't relevant to the situation in question. So the three remaining options are the appropriate response.
Flannigan Company manufactures and sells a single product that sells for $320 per unit; variable costs are $176. Annual fixed costs are $927,000. Current sales volume is $4,260,000. Flannigan Company management targets an annual pre-tax income of $1,185,000. Compute the dollar sales to earn the target pre-tax net income.
Answer:
Break-even point (dollars)= $4,693,333.33
Explanation:
Giving the following information:
Selling price= $320 per unit
Unitary variable costs= $176
Annual fixed costs= $927,000
Desired profit= $1,185,000
To calculate the sales in dollars required, we need to use the break-even point in dollars formula:
Break-even point (dollars)= (fixed costs + desired profit) / contribution margin ratio
Break-even point (dollars)= (927,000 + 1,185,000) / [(320-176) / 320]
Break-even point (dollars)= 2,112,000 / 0.45
Break-even point (dollars)= $4,693,333.33
All of the following are functions of packaging EXCEPT:____________A) containing and protecting the product.B) guaranteeing product quality.C) facilitating recycling and reducing environmental damage.D) promoting the product.E) facilitating product storage, use, and convenience.
Answer: B) guaranteeing product quality.
Explanation: After products might have been manufacturing and processing might have been fully completed, finished goods will have to be concealed in an enclosed brand in other to afford the product a certain level of protection, easy handling and convenience to carry around. However, product packaging often goes beyond giving product protection, it is used by manufacturers to appeal and seduce customers to a certain degree in to buying their product over its rivals. Hence, good packaging adds value to a product. However, it is worthy of noting that product packaging does not determine the quality or effectiveness of the product being sold as this depends on the type of material and effort put in during production.
Why is a facility location so important to manufacturers
Why does insurance often provide "peace of mind"? O People know their insurance coverage will help prevent accidents and damage O People trust that they will make a profit if they pay insurance premiums. O People are not concerned about their health if they can pay for doctor's visits. 0 People are less worried when they know they have protection from risk.
Answer: D.) People are less worried when they know they have protection from risk.
Explanation:
The reason why insurance provided peace of mind is because people are less worried when they know they have protection from risk.
What is insurance?Insurance is when a third-party (the insurer) promises to idenmify another party (the insured) for losses they might suffer in the future in exchange for agreed upon payments.
For example, a person might insure his car against theif. Thi makes the inusred less worried about her car getting stolen.
To learn more about insurance, please check: https://brainly.com/question/1400638
The Kapalua Bay Hotel in Maui, Hawaii, has accumulated records of the total electrical costs of the hotel and the number of occupancy-days over the last year. An occupancy-day represents a room rented out for one day. The hotel's business is highly seasonal, with peaks occurring during the ski season and in the summer. Month Occupancy- Days Electrical Costs January 3,560 $ 6,573 February 3,420 $ 6,209 March 4,120 $ 7,022 April 1,990 $ 5,174 May 430 $ 1,118 June 1,750 $ 4,550 July 3,690 $ 6,687 August 3,970 $ 6,968 September 1,950 $ 5,070 October 1,450 $ 3,770 November 2,050 $ 5,330 December 2,300 $ 5,980 Required: 1. Using the high-low method, estimate the fixed cost of electricity per month and the variable cost of electricity per occupancy-day. (Do not round your intermediate calculations. Round your Variable cost answer to 2 decimal places and Fixed cost element answer to nearest whole dollar amount) 2. What other factors other than occupancy-days are likely to affect the variation in electrical costs from month to month
Answer:
1) variable electrical cost per occupancy day = $1.60
monthly fixed electrical cost = $430
2) Whether it is too hot (and theoretically if it was too cold also, but its Hawaii). If its too hot, more people will use air conditioners to cool the rooms.
Explanation:
Month Occupancy- Days Electrical Costs
January 3,560 $ 6,573
February 3,420 $ 6,209
March 4,120 $ 7,022 (highest level)
April 1,990 $ 5,174
May 430 $ 1,118 (lowest level)
June 1,750 $ 4,550
July 3,690 $ 6,687
August 3,970 $ 6,968
September 1,950 $ 5,070
October 1,450 $ 3,770
November 2,050 $ 5,330
December 2,300 $ 5,980
variable costs = ($7,022 - $1,118) / (4,120 - 430) = $5,904 / 3,690 = $1.60
fixed cost = $7,022 - (4,120 x $1.60) = $430