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- IVB. There are four factories in the city of Gotham that are polluting the waterways. Each firm is currently producing 4 pounds of pollution; Managers will continue to pollute unless the local government intervenes. Managers will prefer to maximize economic profit by avoiding paying any costs to reduce or prevent pollution created by their business. The table below shows the marginal cost of cleaning up each pound of pollution. For example, the Gamma’s cost of cleaning up the third-pound of pollution is $180. Beta’s cost of cleaning up the first pound of pollution is $30. If Alpha cleaned up all four pounds of pollution, the total cost will be $320 (=40+40+80+160) i.e. add up the marginal cost. MARGINAL COST OF CLEANING UP POLLUTION Name of firm Alpha Beta Delta Gamma in $ in $ in $ in $ 1 st pound $40 $30 $80 $20 2 nd pound $40 $60 $90 $60 3 rd pound $80 $120 $100 $180 4 th pound…Introduction, key issue/s, analysis and recommendation sections for each separate scenario. ACC2273 “Is there anything wrong?” Scenario 1 You run a small business that takes older machines and refurbishes them to sell at a “charitable” price. You are doing good for the environment and helping those who need these machines get one at a reasonable price when otherwise they would not have been able to afford one. … yes, business is and can be about helping others, it is not all about making a profit and selling stuff to people that don’t necessarily need stuff. As the owner you have hired a few people to run the business. They look after purchasing and selling, collecting and distributing. You charge (sell the machines for) a small “up-charge” of 5% over cost to cover your operating costs. Some pertinent financial data for 2022: beginning inventory $5,000, ending inventory $6,000, purchases for the year $61,000 and sales for the year $15,000. Is there anything wrong with your…1. As part of its environmental strategy, the Antland government wishes to reduce the annual consumption of coal- fired electricity by 5%. Antland government economists have analysed data which reveal that the price elasticity of demand for coal-fired electricity is -0.4. Consequently, to achieve its target the Antland government should A reduce the price of coa-fired electricity by 12.5% reduce the price al coal-fred electricity by 2% raise the price or coa-fired electricity by 12.5% raise the price of coal-fired electricity by 2% 2. A consultant has made two statements about the responsibility of a professional accountant to act om the public interest: Satisfying the needs of their clients means that a professional accountant in public practice has fulfilled their responsibility to act in the public interest As part of their public interest responsibility, professional accountants must report acts misconduct which they encounter Are these statements accurate or…
- Which of the following is NOT true? Question 3 options: A) Prices of fertilizers for food has increased by 300% since 2020. B) Sustainable soil management needs funding to support its process. C) Nutrient pollution does not impact algae blooms and water sources. D) Fertilizer use fuels climate warming.Question Covid 19 has caused an economic meltdown globally. Suppose, you are an owner of a popular export oriented readymade garments company in Bangladesh. How would your business have impacted due to the Corona outbreak? Answer the question based on your knowledge of product cost, period cost and CVP analysis ONLY.25. The PX Company manufactures automobiles. Nonmanagement employees of the company can buy a new automobile for PX's cost plus 2%. The automobiles are sold to dealers at cost plus 20%. Generally, management employees of Local Dealer, Inc., are allowed to buy a new automobile from the company at the dealer's cost. Which of the following statements is correct? a.None of the employees who take advantage of the fringe benefits described above are required to recognize income. b.The nonmanagement employees who buy automobiles at a discount are not required to recognize income from the purchase. c.Employees of Royal are required to recognize as gross income 18% (20% – 2%) of the cost of the automobile purchased. d.All of these choices are correct.
- q15 Which of the following are circumstances that may indicate that the asset may be impaired? (i) A motor vehicle has been damaged in an accident (ii) A debtor is in financial difficulty (iii)Consumer tastes have changed in the market and sales prices of the inventory have been reduced so that the goods will have to be sold at much lower prices, if at all (iv) Cost prices of raw materials used in production have increased Select one: a. (i), (ii), (iii) and (iv) b. (i), (ii), (iv) only c. (i) and (iv) only d. (iv) only7. Would you lie to save your Company? “I’m at my board meeting,” begins the CEO of a $20 million toy manufacturer, “and I get this fax from our largest customer saying that our Rupert the Robot, our biggest seller, was self-destructing. The customer said that it was considering removing all Ruperts from the shelf and returning them to us. “Within a couple of hours,” he continues, “I get another call saying that another major customer stated the same problem. Then an hour later, another call. And then another. In all, our biggest selling product would be returned by our major customers. If we have to refund money to our customers for returns, we would be facing a $40 million loss. Put delicately, the company would be ruined.” For us as a business, returns of this magnitude would have been the end. The CEO could imagine only what might happen once word of this reached all of his lenders. “I had short-term loans with about eight banks for an amount of money equal to my equity in the…Your boss believes the company's power plant is producing too much air pollution on a typical island. Your boss gives you three choices for dealing with this problem because he/she does not want to deal with it: You can pay a pollution tax (Carbon Offsets) one time of $13,000,000 immediately. You can close the plant and install a power cable from the mainland to the Island. That will cost you $1,000,000 at the end of this year, $3,000,000 at the end of next year and then $750,000 forever for maintenance. You can retrofit the plant with scrubbers to reduce the emissions to make the plant green. That will cost $7.5m at the end of this year and $100,000 for 50-years for maintenance. Assume that the cost of generating power on the mainland is approximately the same as the cost of generating power at the Island's plant. Assume, this comes as a surprise to you and you, have not saved any money in reserves, and you need to raise capital. Additional information is that market has a…
- Your boss believes the company's power plant is producing too much air pollution on a typical island. Your boss gives you three choices for dealing with this problem because he/she does not want to deal with it: You can pay a pollution tax (Carbon Offsets) one time of $13,000,000 immediately. You can close the plant and install a power cable from the mainland to the Island. That will cost you $1,000,000 at the end of this year, $3,000,000 at the end of next year and then $750,000 forever for maintenance. You can retrofit the plant with scrubbers to reduce the emissions to make the plant green. That will cost $7.5m at the end of this year and $100,000 for 50-years for maintenance. Assume that the cost of generating power on the mainland is approximately the same as the cost of generating power at the Island's plant. Assume, this comes as a surprise to you and you, have not saved any money in reserves, and you need to raise capital. Additional information is that market has a…Which of the following gains or losses would Organic Foods account for as unusual and/or infrequent? a. A hurricane destroys rainwater tanks that result in a loss for Organic Foods. b. The used vehicle market is weak and Organic Foods is forced to sell its used delivery truck at a loss. c. Organic Foods owns an organic farm in Venezuela that is seized by the government. The company records a loss.4 Ethical Challenge One of the most complex ethical challenges facing for-profit organizations today is balancing their goal of being socially responsible with their obligation to shareholders to earn a profit. Firms generally hire executives to increase profits. No matter how much good a firm does in its community, if it doesn’t have a healthy bottom line, the executive may not be seen as a success. This is not unlike a college football coach who makes sure his players graduate every year, but consistently has a losing record. Odds are he won’t remain the coach very long, even though he does a number of socially responsible things. Executives at privately held companies have the right to make socially responsible decisions that might sacrifice revenue. Executives at publicly held companies have to answer to their shareholders, who expect profits and share prices to grow. Marketing executives at public companies frequently face situations that force them to choose between responsible…