Salim is planning to go on a holiday with his 5-member family. He is unable to decide where to spend the holiday. He asked everyone in the family for the best destination. 4 of them chose Dubai and 1 chose Riyadh. At the end he decided to take them to Dubai. This act of Salim is an example of O a. deontological approach O b. utilitarian approach virtue ethical approach O d. fairness approach 85°F Sunny PELL
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- Ali is currently working as a human resource manager for a company and earns a good salary . He is planning to pursue a Master of Business Administration (MBA ) degree . He recently received an offer from University A, which included the cost of tuition fees. If Ali decided to go for the MBA study , his company would stop paying his salary . At the same time, if Ali completed his MBA degree , he would earn a higher salary than his current one . Furthermore , Ali has recently purchased an apartment in the city and moved in. For Ali , when considering whether or not to go for the MBA study, the cost of the apartment is referred to as: a. Incremental revenue . b. Sunk cost c. of the given answers . d. Incremental cost. e. Opportunity cost .Ali is considering the decision of whether or not to go and study a Master degree. He is currently working as an accountant in XYZ Company. He is thinking of getting a Master Degree, If he decided to study the Master Degree, he would expect to earn higher salary than his current one. On the other hand, the study of the Master Degree would force him to take unpaid leave from his current job. Furthermore, Ali recently purchased a new car. For Ali, the cost of the car is referred to as Select one: O a. Opportunity cost O b. Sunk cost O C. Differential revenue O d. Opportunity Revenue O e. Differential cost1. What are the requisites of a fortuitous event? 2. Juan is obliged to give Pedro a specific watch, a specific ring or at specific bracelet. The parties agreed that Pedro will have the right to choose the thing which will be given to him. Before Pedrocould make his choice, the watch and the ring are lost through Juan's fault, successively. What are Pedro's Rights? Explain. 3. Tito and Vic are indebted to Aida and Loma for P10,000.00. Tito and Vic share in the debt in the ratio of 1:3 while Aida and Loma share in the credit in the ratio of 2:3 How much may Aida collect from Tito? Explain. 4. Explain and Give an example of the following modes of extinguishing an obligation. a. Confusion or merger b. Tender of Payment: C. Novation d. Compensation 5. A borrowed P30,000.00 from B to be paid on September 10, 2016, in exchange. for the loan, A surrendered his Iphone7 to B as security. On September 11, 2016, B demanded that A pay the P30,000.00 loan. Since A do not have enough money.…
- Raj Shah, aged 36 years, is employed with a MNC. His wife Pooja, aged 34 years, is also working part - time. The couple has two children - daughter Rima aged 7 years and son Ansh aged 4 years. Raj and Pooja require your help to make a few financial decisions. (You can make any assumptions to further build up your case)a. Raj and Pooja want to invest for their children’s higher education for the long term (over 12 to 15 years). Develop a plan so that they can accumulate a sufficient education corpus. b. Raj wants to take a Life Insurance cover of Rs 1.5 crore. Advise him whether he should go for a ULIP or a term insurance.I. Pielago is in need of funds for the next 3 months. She badly needed P30,000,000 in cash because of an emergency. Pielago looked for the list of her family’s property and found a land which costs P50,000,000 and has a fair market value of P65,000,000. What do you think is the best money market security that suits Pielago’s case? II. If Pielago on the other hand is not a user of the fund but a surplus unit, what do you think is the most suitable money market security she must invest in, considering the fact that she has P55 Trillion excess funds.Ahmed, who was admitted in a hospital, was required to undergo a surgery. Before his operation, he agreed to sell his house which was already listed for sale, to his doctor for Rs. 9.7 million. The market price of the house was Rs. 10 million. After successful operation Ahmed rescinded the agreement alleging “Undue Influence” by the doctor. a. Can he succeed? b. Justify Your answer keeping in view the ingredients of undue influence as laid down in Contract Act, 1872.
- Henry and Amy are newlywed couple. They are self-employed and expecting a baby in the next 6 months. Pandemic COVID-19 has impacted them very much as Henrycannot run his business because of the restrictions and Amy also struggling with uneven cash flows. Their mortgage and automobile loan are overdue for several months. Henry is thinking for another career choice and development alternatives, but he realized that it will occur risks and opportunity costs. Based on the Henry situations, provide THREE (3) trade-offs that he might face and the social influences that will affect the availability of the job.Lokalalo is a New Zealand company helping Kiwi families redesign their homes. The balance date is 31 August. Lokalalo knows that not all their customers will pay so they take out insurance for that purpose. The insurance does not cover them for their full loss unfortunately. Lokalalo pays for the insurance in advance, which gives them 12 months of cover. Lokalalo paid $15,000 on 1 August 2020 for cover for the next 12 months. Paulo Jr. asks you the following questions (You do not need to provide the definition of any assets, liabilities, income or expenses. If you believe there is no effect on one financial statement, please state “no effect” instead of leaving a blank): What happens in the balance sheet at 31 August 2020 and in the income statement and the statement of cash flows for the month of August 2020? At 31 August 2020 or for the month of August 2020:Lokalalo is a New Zealand company helping Kiwi families redesign their homes. The balance date is 31 August. Lokalalo knows that not all their customers will pay so they take out insurance for that purpose. The insurance does not cover them for their full loss unfortunately. Lokalalo pays for the insurance in advance, which gives them 12 months of cover. Lokalalo paid $15,000 on 1 August 2020 for cover for the next 12 months. Paulo Jr. asks you the following questions (You do not need to provide the definition of any assets, liabilities, income or expenses. If you believe there is no effect on one financial statement, please state “no effect” instead of leaving a blank): What happens in the balance sheet, income statement and statement of cash flows on the date of the transaction when the $15,000 is paid? When the cash is paid on 1 August 2020:
- Marco decides to take $2,000 from the partnership for the repair and record it as an expense of the partnership. He believes that this is appropriate since he needs his car to get to work every day. Is Marco behaving ethically? Why or why not? Who is affected by Marco’s decision? What other alternatives might Marco consider?Aman has a big family. He has seven brothers and seven sisters. One of his brothers, Athif is not doing financially well. All of them help Athif with construction of his house and his daughters marriage. What virtues are they showing ? Choose correct answer a. Caring for weak b. Discipline c. Trust d. TeamworkFor each of the following, determine the amount that should be included in gross income: a. Peyton was selected the most valuable player in the Super Bowl. In recognition of this, he was awarded an automobile with a value of 60,000. Peyton did not need the automobile, so he asked that the title be put in his parents names. b. Jacob was awarded the Nobel Peace Prize. When he was presented the check for 1,400,000, Jacob said, I do not need the money. Give it to the United Nations to use toward the goal of world peace. c. Linda won the Craig County Fair beauty pageant. She received a 10,000 scholarship that paid her 6,000 for tuition and 4,000 for meals and housing for the academic year.