Current Attempt in Progress At December 31, 2021 and 2020, Bonita Industries had 188000 shares of common stock and 11200 shares of 5%, $100 par value cumulative preferred stock outstanding. No dividends were declared on either the preferred or common stock in 2021 or 2020. Net income for 2021 was $444000. For 2021, earnings per common share amounted to (rounded to the nearest penny) O $2.35, O $1.66. O $2.06. O $1.79.
Answers
For 2021, earnings per common share offer added up to $2.06 per share.
The option (C) is correct.
The basic earnings per share (EPS) metric alludes to the aggregate sum of net gain that an organization creates for every normal offer exceptional. The essential EPS is determined by partitioning an organization's net gain by the weighted average of common shares outstanding.
Given:
The Dividend to be accrued on Preference shares for 2021 = 11200 *5% * 100
= $56,000
The Earnings available to common shareholders for 2021 = $4,44,000 - $56,000
= $3,88,000
The number of common shares outstanding is = $3,66,000 shares
The Basic Earnings per share = $3,88,000 / $188000
= $2.06 per share
Therefore, for 2021, basic earnings per common share amounted to $2.06 per share.
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This question is not complete, Here I am attaching the complete question:
Current Attempt in Progress At December 31, 2021 and 2020, Bonita Industries had 188000 shares of common stock and 11200 shares of 5%, $100 par value cumulative preferred stock outstanding. No dividends were declared on either the preferred or common stock in 2021 or 2020. Net income for 2021 was $444000. For 2021, earnings per common share amounted to (rounded to the nearest penny)
(A) $2.35
(B) $1.66.
(C) $2.06.
(D) $1.79.
Related Questions
Y3K Inc has sales of 5783 total assets of 2604 and a debt equity ratio of .75. If its return on equity is 11 percent what is its net income
Answers
Based on the information given the net income is $163.66.
Net income
First step:
Profit margin = [(ROE)(Total asset)] / [(1 + Debt equity ratio)(Sales)]
Profit margin = [(.11)($2,604)] / [(1 + 0.75)( $5,783)]
Profit margin = 286.44/(1.75) ($5,783)
Profit margin = 286.44/10,120.25
Profit margin = .02830
Second step:
Profit margin = .02830 = Net income / Sales
Net income = .02830($5783)
Net income = $163.66
Inconclusion the net income is $163.66.
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Chan has opened a savings account at a bank near his house. He has been given the option of online access to all transactions from this new account. He now has to decide on a password to secure the online access to his bank account. Which password can Chan use for maximum security?
Answers
Prioritize password length: Secure passwords should have at least 16 characters in order to lessen the possibility of becoming a victim of a data leak or hack. So, for maximum security, Chan can use the password (C) 123456chanbankacc!.
What do we mean by password security?Put password length first: To reduce the likelihood of being a victim of a data breach or cyberattack, secure passwords should be at least 16 characters long.
Do not reuse passwords: Credential stuffing attacks, which are regularly exploited by hackers, put you in danger if you use the same password for many accounts.
The first line of security against unwanted access to your computer and personal information is provided by passwords.
Your computer will be more secure from hackers and bad malware if your password is strong.
Strong passwords should be used for every account on your computer.
Try to include both upper- and lowercase characters, numerals, and symbols.
The use of dictionary terminology should be avoided. Swimming1 is an example of a bad password.
Therefore, prioritize password length: Secure passwords should have at least 16 characters in order to lessen the possibility of becoming a victim of a data leak or hack. So, for maximum security, Chan can use the password (C) 123456chanbankacc!.
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Complete question:
Chan has opened a savings account at a bank near his house. He has been given the option of online access to all transactions from this new account. He now has to decide on a password to secure online access to his bank account. Which password can Chan use for maximum security?
A. chan123
B. chan1234
C. 123456chanbankacc!
D. 12345chan
what does the fox say
Answers
Answer:nenenesnene
Explanation:
Answer:
"Ring-ding-ding-ding-dingeringeding!
Gering-ding-ding-ding-dingeringeding!
Gering-ding-ding-ding-dingeringeding!"
"Wa-pa-pa-pa-pa-pa-pow!
Wa-pa-pa-pa-pa-pa-pow!
Wa-pa-pa-pa-pa-pa-pow!"
helen likes fiber one cereal and eats fiber one almost every morning. when she went to the grocery today, there was no fiber one on the shelf. according to research, how does a customer like helen typically view a product that is out of stock?
Answers
The way that a customer that is like Helen would view a product that is out of stock would be: The stockout will lead the customer to buy an item that is similar to the out-of-stock item.
What does it mean to be out of stock?An inventory state known as "out of stock" indicates that a product is not now available for purchase or use. A company may lose a sale if an item is out of stock, hence these products are frequently checked. When inventory is low, a company may offer to sell a substitute item or backorder products until they become available later.
When the planning system has not incorporated enough safety stock, an out-of-stock situation may occur. It can also happen when client demand exceeds expectations and all available stock is used up. This happens frequently with fashion items in particular since they might experience brief spikes in demand.
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Stannum Records obtains two intangible assets in a business acquisition: legal rights to reproduce songs, valued at $5 million, and a trademark valued at $1 million. The trademark expires in 10 years and can be renewed at a minimal cost. Stannum estimates a 5-year useful life for the song rights. Because much of the songs' economic value is realized in their early years, Stannum uses double-declining balance amortization. Amortization expense in the first year after the acquisition is closest to: $2.1 million. $2.2 million. $2.0 million.
Answers
Answer:
$2 million
Explanation:
Calculation to determine what Amortization expense in the first year after the acquisition is closest to:
First year Amortization expense after acquisition = 2/5 × $5 million
First year Amortization expense after acquisition = $2 million
Therefore Amortization expense in the first year after the acquisition is closest to: $2 million
when checking the title on a property, the title company discovered a lien that had not been properly released on the property. who has the obligation to correct the problem?
Answers
If a lien that had not been properly released on the property then the Seller has the obligation to correct the problem.
A lien is the right to withhold the property of another person from the payment of a debt owed by that person.
The creditor can seize the subject of the mortgage.
Banking, real estate, and taxes are three types of liens.
If the contract for the property is unpaid, the lender has the legal right to seize and sell the property.
Title company is A company that verifies the validity of a title and, if valid, issues title insurance for the property.
The title company warrants that the property title is valid and free from liens and other issues.
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HURRY I NEED HELP!!!
Does globalization (or global trade) provide an opportunity to the world (positive), or does it take advantage of local individuals and cultures (negative)? Explain in a CREW format.
Interviewer: I am here on a very crowded Wall Street with protesters chanting all around me…
Group of Protesters: People before profits! People before profits! People before profits!
Interviewer: Many of these folks are against the growth of global free trade. They believe free trade is to blame for increases in poverty, income inequality (lots of rich and lots of poor), and environmental damage in recent decades. They claim that the elimination of tariffs and other barriers to trade have simply allowed large, multinational corporations to move into and exploit (take advantage of) developing nations, while hurting many U.S. workers and families, too.
Protester 1 (wearing a “No More Sweatshops” T-shirt): The extreme expansion of capitalism and free trade has allowed large, multinational companies to exploit developing countries, and especially their poorest citizens who are often forced to work for less than $1.00 day. Many of the factories set up by these big companies are sweatshops– dirty, dangerous, and the pay is awful. We are here protesting for a ‘living wage’ for all foreign employees of U.S. corporations.
Union representative: I’m tired of these large, unfeeling corporations sending our good paying manufacturing jobs overseas to some factory where workers make $1.50 an hour, instead of letting Americans have those jobs…That’s what’s happening in the textile industry, the steel industry, and the auto industry, too. These are industries that built America and now our jobs are going to China or Mexico...
Interviewer: The other side of this global debate–you might call them free-trade advocates– argues that opening up markets and international borders to free trade has had all kinds of benefits for developing nations, as well as the United States and other industrialized nations. They cite data showing increased life expectancy, increased literacy (ability to read and write), more political freedom, and a reduction in the proportion of people living on less than $1.00 per day in the developing nations.
Manager: Evidence shows that the number of people living on $1.00 per day or less has decreased by 50% in the last 20 years, which was a period of rapid world economic growth, largely because of international trade. And the percentage of people who are malnourished (Starving) has dropped from 56% in the 1960s to only 10% today. Again, during a period of global economic growth, fueled by trade. Look, our corporation has a factory in Vietnam. Last year our factory there paid 2 times the local wage. That was a big step up for those workers, and it made sense for us, too, because it meant we could get the most productive local workers.
Shopper: Let’s also look at all of the different product choices we have. I can go into the grocery store and find different types of food from all over the world. We are limited in what we can produce and grow here in America, so having global trade gives us so many more options.
C- Claim (Globalization provides an opportunity to people throughout the world [or] Globalization takes advantage of local individuals and cultures around the world.)
R- Reason (It provides the opportunity because… [Or] It takes advantage of others because…)
E- Evidence (insert a quote from the reading to prove your positive or negative side)
W- Warrant (This quote shows how globalization is positive/negative because… We should/shouldn’t continue to trade with other countries of the world because...)
Answers
Answer:
In general, globalization has been shown to increase the standard of living in developing countries, but some analysts warn that globalization can have a negative effect on local or emerging economies and individual workers. Globalization is not new.
Revenues were $1,000,000, Cost of Goods Sold was $750,000, and Net Income was $120,000. Net profit margin equals ______.
Answers
The net profit margin is 12%
The parameters given in the question are
Revenue= $1,000,000
Cost of goods sold= $750,000
Net income= $120,000
Net profit margin= Net income/revenue × 100
= 120,000/1,000,000 × 100
= 0.12 × 100
= 12 %
Hence the net profit margin is 12%
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Who is primarily responsible for determining the market value of the home you want to buy? The underwriter The appraiser The home inspector The real estate agent
Answers
Answer:
The real estate agent
Explanation:
The real estate agents are the one who are primarily responsible to determine the market value of property.
The appraiser is largely responsible for assessing the home's market value.
Explanation:
Option "B" is the correct answer to the following question.
The appraiser's duty is to offer accurate, impartial, and disinterested views on the value of the real properties or estate to people who own, administer, sell, engage in, and/or lend the money on the protection of real estate.
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The combining of a number of firms engaged in the same business, such as the merging of many different petroleum drilling companies into one company, is an example of
Answers
The combining of a number of firms engaged in the same business, such as the merging of many different petroleum drilling companies into one company, is an example of Horizontal Integration.
What is this strategy?Horizontal integration is a strategy where a company acquires, mergers with, or takes over another company at the same stage of the production process.
It usually involves companies that operate in the same business line. Horizontal integration is the combination of two or more companies involved in the same or similar business activities. For example, a soft drink company acquires another soft drink company. The companies work together to increase their market power, reduce competition, and increase profits .In this case, many different petroleum drilling companies merge to become one big company.
This is an example of horizontal integration because the companies operate at the same level and produce the same type of products. The goal of horizontal integration is to create a larger company with greater market power that can enjoy economies of scale and reduce competition.
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explain socialism, capitalism and mixed economy with their features advantages and disadvantages
Answers
select the statement that best applies to the shape of the coca-cola bottle. a.) this shape is an example of a service mark. b.) this shape likely cannot be trademarked. c.) this shape is an example of a certification mark. d.) this shape is an example of trade dress.
Answers
The statement that best applies to the shape of the coca-cola bottle is this shape likely cannot be trademarked. Thus the correct option is B.
What is a trademark?An easily recognizable sign, design, or expression that distinguishes one product from another is what defines a trademark which is a sort of intellectual property. A trademark often safeguards brand names and emblems applied to products and services.
An EU court concluded that Coca-Cola bottles lack sufficient distinctiveness to be registered, dismissing a challenge made by the American beverage empire against the EU's trademark enforcement body.
Therefore, option B is appropriate.
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Describe the various ethics as it relates to ecology and explain
how business has neglected their responsibility to these
ethics.
Answers
Ecology refers to the relationship between living organisms and their environment. Environmental ethics are a branch of philosophy that studies the ethical relationship between human beings and the natural environment.
There are a variety of ethics that apply to ecology, including biocentrism, anthropocentrism, ecocentrism, and deep ecology, among others. Biocentrism is the belief that all living things have value, while anthropocentrism places humans at the center of the universe and believes that they have dominion over all other creatures. On the other hand, ecocentrism sees all living and non-living components of the environment as having equal worth, and deep ecology takes it a step further, calling for a reexamination of fundamental human values.
Businesses have neglected their responsibility to these ethics in several ways. One of the most significant ways that businesses have neglected environmental ethics is through pollution. Pollution is a serious problem because it harms the environment, wildlife, and humans. In order to minimize pollution, businesses must take responsibility for their actions and implement measures to reduce their negative impact on the environment. Additionally, businesses often prioritize profits over the environment and sustainability. Many companies engage in practices that are detrimental to the environment and ignore the long-term consequences of their actions. This attitude leads to environmental degradation, biodiversity loss, and climate change. In conclusion, businesses must take responsibility for their impact on the environment and prioritize sustainability to ensure a healthy future for all.
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Michael’s company would like to sell its products to a company in nicaragua, but it fears that the company will not pay for the products in a timely manner. Instead of asking for cash, michael’s company decides to ask for a shipment of coffee and tobacco products in exchange for their products. What type of countertrade is michael’s company using?.
Answers
Barter type of countertrade is used by the Michael’s company.
When a firm forms a plant in a nation and consents to take a specific level of the plant's result as fractional installment for the agreement it is called?
A buyback is a countertrade happens when a firm forms an assembling office in a nation — or supplies innovation, gear, preparing, or different administrations to the nation and consents to take a specific level of the plant's result as fractional installment for the agreement.
What are the dangers for the dealer and the purchaser in global exchange?
Whether transporting products locally or abroad, you face dangers like breakage, misfortune, burglary, defacement, mishap, seizure and pollution. Before you transport any merchandise, move liability regarding delivery to the purchaser or vender and take out adequate protection.
Which of the accompanying record are not needed for getting trade permit?
Letter of credit is an instrument given by bank after demand made by an unfamiliar purchaser that instalment will be made to the exporter for example the recipient. It is valuable where purchasers and venders don't have the foggiest idea about one another actually and are isolated by distance. Subsequently, it isn't needed for acquiring a commodity permit.
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Disadvantages of choosing a job that is extremely popular or in demand
Answers
The disadvantage of choosing a job that is very popular or a job that is in high demand is that after a while such a job may become saturated or it would become monotonous.
What is a high demand job?This is the term that is used to refer to a job that the people that wpould employ labor are constantly in need of. Such a job is one that would require the people that have the qualification to opt in and get the places and the roles that they are to fill.
The issues that may arise from such a job that is in high demand is that after a period, such a job may have a lot of persons that would want to fulfil the role.
The number of qualified persons may become more than the job that is available for the people to do in the long run.
Hence this is a disadvantage. Therefore I would conclude by saying that the disadvantage of choosing a highly popular job is that the number of persons that are willing to fulfil the role may exceed the job overtime.
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Compare these two sections of resumes. Which is more appropriate? a. - Completed nine-hour training course • Ran simulation software, • Used test probe to test over one hundred parts - Started a test plan document. b. Completed nine-hour training course • Ran simulation software • Used test probe to test over one hundred parts • Started a test plan document JURG Fil, Ir. Ob a
Answers
Answer:
the second one
Explanation:
A manufacturing company provides jobs for many people in a small town where employment is not easy to find. The company has stayed in the town even though it could find cheaper workers elsewhere, because workers are loyal to the company due to the jobs it provides. Over the years, the company has developed a reputation in the town for taking care of its employees and being a responsible corporate citizen.
The manufacturing process used by the company produces a by-product that for years has flown into the town river. The by-product has been considered harmless but some people who live near the river have reported illnesses. The by-product does not currently violate any anti-pollution laws.
WHAT ARE THE ANSWERS TO THESE QUESTIONS?
What are the issues of integrity, ethics and law posed in the case study? What options does the company have, and what should it do and why?
Answers
Explanation:
Note, the term integrity often refers to the ability to keeping to one's moral principles, such as honesty. And ethics refers to the principles of right and wrong one might have.
For example, from this case, we observe that
although the company is known to have a good reputation over the years and of being a responsible corporate citizen, if it fails to act, then the company's integrity comes under question.Even though the by-product does not violate any laws, failing to take action may taint the good reputation it has had considering the fact that the company is well aware that "some people who live near the river have reported illnesses."
Giving For such example are, from this case, we observe that is:
Thus, although the company is known to have a good reputation over the years and of being a responsible corporate citizen, Then if any it fails to act, then the company's integrity comes under the question of law. Also that Even though the by-product does not violate any laws, Then it is failing to take action may taint the good reputation it has had considering the fact that the company is well aware that is "some people who live near the river have reported illnesses."Learn more about:
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A financial adviser hosts a blog where he invites other personal finance experts to guest-blog on everything from real estate to estate taxes to tax write-offs. The variety of advice increases the site’s search engine optimization (SEO) and attracts many more potential clients for all the participating financial professionals.
Answers
Answer: build synergy
Explanation:
The scenario that occured in this situation has to do with the building of synergy.
A synergy is built in this case as the interaction with other finance experts has led to the increase in the sites search engine optimization and this ultimately brings about an increase in the number of potential clients.
dan is an experienced accounting professional who values conservative and practical decisions. what would be the best way to communicate with him? a. ask him about his weekend and tell him about yours for 30 minutes before the meeting. b. collaborate with him on numerous ideas during the meeting. c. send him an email with minimal information asking him to make a decision prior to the meeting. d. give him factual evidence during a meeting so he can make a recommendation
Answers
Give him factual evidence during a meeting so he can make a recommendation would be the best way to communicate with him.
Option D is correct.
Professional accountants:A professional who carries out accounting tasks like account analysis, auditing, or analyzing financial statements is referred to as an accountant. Accounting firms or large corporations' internal account departments employ accountants. Additionally, they may establish their own distinct practices.
What does a professional accountant do?Business professionals who are accountants help with corporate strategy, give advice, and help businesses cut costs, boost their bottom line, and reduce risks. In business, professional accountants represent the interests of the company's owners—i.e., shareholders in a public company—as board directors.
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listen to exam instructions you are the office manager of a small financial credit business. your company handles personal financial information for clients seeking small loans over the internet. you are aware of your obligation to secure clients records, but the budget is an issue for your company. which item would provide the best security for this situation?
Answers
You are aware of your obligation to secure clients records, but the budget is an issue for your company. All in one security appliance would provide the best security for this situation.
What is a security appliance all in one?
Although all-in-one appliances can also contain VPN capabilities, anti-spam, malicious online traffic filtering, antispyware, content filtering, traffic shaping, and other features, firewall, IDS/IPS, and antivirus are the three functionalities that are used the most frequently.
What are the three D's of security?
More peace of mind with 3D Secure protection. Deter, detect, delay.
The three D's of security deter, detect, and delay—come into play in this situation. The three D's are a method for a company to lower the likelihood of an event.
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Is there any way for a monopoly to operate more efficiently than a competitive market? why or how?.
Answers
The equilibrium point in a competitive market exists at the point of optimal market efficiency.
What is competitive market?A competitive market exists a term in economics that guides to a marketplace where there exist a large number of buyers and sellers and no single buyer or seller can influence the market. Competitive markets have no obstacles to entry, lots of buyers and sellers, and homogeneous products.
In economics, especially general equilibrium theory, A perfect market also understood as an atomistic market, is determined by several idealizing requirements, collectively anointed perfect competition or atomistic competition.
No, the monopoly can never be additional efficient than the perfectly competitive market because the competitive market exists at the point of optimal market efficiency and the monopoly will deliver at the point where the MR and the MC stand equal. here the market has the excess capability and a dead weight loss.
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separating the responsibilities for purchasing, receiving, and paying for equipment is an example of the control procedure: separating operations, custody of assets, and accounting.
Answers
Separating the responsibilities for purchasing, receiving, and paying for equipment is an example of the control procedure: separating operations, custody of assets, and accounting. This statement is false.
The division of duties idea forbids assigning ownership of asset acquisition, asset custody, and associated record-keeping to a single person. One person could, for instance, make an order to purchase an asset, but another person would have to register the transaction in the accounting records.
Since at least two persons must cooperate in order to conduct fraud, which is considerably less likely than if one person is in charge of every aspect of an accounting transaction, it is much more difficult when duties are separated.
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The question was incomplete. Check below the full question.
Separating the responsibilities for purchasing, receiving, and paying for equipment is an example of the control procedure: separating operations, custody of assets, and accounting.
A. True
B. False
Entrepreneurs can delegate every one of the following tasks to labor except:
a. hiring and training new employees.
b. supervision of the production process.
c. assuming business risk and uncertainty.
d. marketing the goods and services produced.
e. researching ideas for new products.
Answers
The statement "Entrepreneurs can delegate every one of the following tasks to labor except: c. assuming business risk and uncertainty" is correct.
Entrepreneurs are individuals who take on the risk of starting and running a business. While they can delegate many tasks to their employees, they cannot fully delegate the responsibility of assuming business risk and uncertainty. This is a fundamental aspect of entrepreneurship that involves making critical decisions, managing uncertainties, and taking calculated risks.
a. hiring and training new employees: Entrepreneurs can delegate the task of hiring and training new employees to their human resources team or managers.
b. supervision of the production process: Entrepreneurs can delegate the task of supervising the production process to production managers or supervisors.
c. assuming business risk and uncertainty: This task cannot be fully delegated as it involves the entrepreneur's role in making strategic decisions, managing uncertainties, and taking risks.
d. marketing the goods and services produced: Entrepreneurs can delegate the task of marketing to a dedicated marketing team or professionals.
e. researching ideas for new products: Entrepreneurs can delegate the task of researching ideas for new products to research and development teams or specialized individuals.Therefore, option c. assuming business risk and uncertainty cannot be fully delegated to labor. It remains a core responsibility of the entrepreneur.
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Why do you think brand advocates willingly promote companies via social media? Explain.
Answers
Answer:
As a form of celebrity and endorsement. The company will be viewed by the potential millions of people that follow those brand advocates. This allows the brand to reach a wider audience and raise profits. that is why brand advocates willingly promote companies via social media?
Explanation:
hope this helps. ; )
true or false, to advance the progress completion percentage in a smartbook assignment, only one question per concept must be answered correctly
Answers
Answer:
FalseExplanation:
A SmartBook assignment's progress completion % may not always be dependent on correctly answering just one question per idea. The requirements for increasing a SmartBook assignment's progress completion percentage can change based on the particular assignment, the course, and the instructor. It could be determined by properly answering a predetermined number of questions overall, a predetermined number of questions in each topic area, or by doing a predetermined number of activities or evaluations inside the assignment. The easiest way to find out the precise requirements for raising the progress completion percentage in a SmartBook assignment is to study the assignment instructions or speak with the instructor.
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If I’m 17 years old, what are the requirements to start a business like selling my own product. Where I can create an website for FREE? I can use Shopify with 17 years old?
Answers
Answer:
Developing your product idea is the first step in creating something worth selling. This step includes designing the look and purpose of the product and building a prototype. If your product is unique, you will want to file for a patent to keep other companies from developing a similar item.
an example of an employee acting unethical towards his or her employer is: group of answer choices taking a vacation taking unjustified sick leave taking a 15 minute break working overtime
Answers
An example of an employee acting unethically towards his or her employer is taking unjustified sick leave.
So, the correct answer is B.
In this scenario, the employee deliberately claims to be ill when they are not, in order to avoid work responsibilities.
This behavior is dishonest and violates the trust between the employee and the employer, ultimately harming the organization's productivity and potentially burdening other employees with additional workloads.
In contrast, taking a vacation, a 15-minute break, or working overtime are generally acceptable actions, as long as they align with company policies and the employee communicates appropriately with their employer.
. Hence, the answer of the question is B.
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A personal career profile form can be used to match what you know about yourself to what you know about different careers. TRUE or FALSE.
Answers
Answer:
True
Explanation:
If you look you can understand that personal helps you know yourself.
Answer:
trueeee
Explanation:
on edge
Your plan projects revenue of $5,000, $8,000, and $10,000 in years 1 through 3. Expenses are projected to be $9,000 for each of years 1 through 3. If your only funding need is the gap between revenue and expenses, which is the best estimate of your maximum cumulative funding need?
a) $0
b) $1,000
c) $4,000
d) $50,000
Answers
Answer:
c) $4,000
Explanation:
The only funding needed is the difference between revenue and expense.
For year 1: funding required is $9,000 -$5000 = $4000
For year 2: funding required is$ 9,000 - $8000 = $1000
For year 3: funding required is $9000 -$10,000 = -$1000
cumulative funding = $4000, + $1000 + (-$1000)
=$5000 - $1000
=$4000
Does anyone have a perfect competition business example?
Answers
Answer:
Perfect competition is a type of market structure where products are homogenous and there are many buyers and sellers. ... Whilst perfect competition does not precisely exist, examples include the likes of agriculture, foreign exchange, and online shopping.
Explanation: