Business/Professional Ethics Directors/Executives/Acct
8th Edition
ISBN: 9781337485913
Author: BROOKS
Publisher: Cengage
expand_more
expand_more
format_list_bulleted
Videos
Question
error_outline
This textbook solution is under construction.
Students have asked these similar questions
Sainullah is a business man who used to store foodstuffs in expectation of rise in prices in the market is an example of which among the following ?
Choose correct answer
a. Good business decision
b. Freedom of doing business
c. Riba
d. Hoarding foodstuff
The shareholder of Al-Karam wants to maximize his profits by selling his goods in the larger quantities. In order to achieve his target (s) he hired a manager to look after his business. However, the manager instead of maximizing business profits started maximizing his own interest by selling the designs in black to the competitor’s designers. Analyze the above situation and explain the possible problem that might occur for Al-Karam.
a. Calculate the contribution of each product?
b. Use your findings from part (a) explain whether the company should stop making Laptop?
c. Use your findings from part (a) explain whether the company should stop making Ipad?
d. Do you agree that profitability will improve by ceasing to make Products laptop and Ipad? What do you suggest the company does to increase profitability?
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.Similar questions
- For each pair of firms, choose the one that you think would be more sensitive to the business cycle.a. General Autos or General Pharmaceuticals.b. Friendly Airlines or Happy Cinemas.arrow_forwardAccounting information helps key stakeholders of the business to make decisions.From the following options,which one is the decision that an internal stakeholder is unlikely to make? A.Make decisions about how toset product selling price,whether to advertise and how much to spend on advertising B.Decide which products to continue to sell and when to add new products or drop old ones C.Identify what resources and employees the business needs,and to set benchmarks against which they can later measure the business's progress towards its goals D.Analyse the business's financial reports to decide whether to purchase shares of the companyarrow_forwardRequirement 2. For each decision, select what information the management accountant can provide about the source of competitive advantage for these firms. a. For a running shoe manufacturer's decision of whether to purchase leather from a cheaper supplier, management accountants can provide the following information: (Complete all input fields.) b. For an office supply store's decision of whether to a delivery service that its competitors do not have, management accountants can provide the following information: (Complete all input fields.) c. For a regional retailer's decision of whether to install self-check-out counters, management accountants can provide the following information: (Complete all input fields.) d. For a local florist's decision of whether to hire a horticulture specialist to help customers with gardening questions, management accountants can…arrow_forward
- In it's recent published Global Responsibility Report, Starbucks describes its goals, achievements and shortcomings related to corporate social responsibility. What implications does Starbucks' commitment to corporate social responsibility have for the standard cost of a cup of coffee?arrow_forwardWhat are some of the ethical concerns that come to mind for companies seeking to sell to the bottom of the pyramid? Review companies like Nike and Nestle and identify and address the ethical concerns these companies have raised. Provide your evaluation in a two-page paper.arrow_forwardConsider the following series of independentsituations in which a firm is about to make a strategic decision.Decisionsa. A running shoe manufacturer is weighing whether to purchase leather from a cheaper supplier in orderto compete with lower priced competitors.b. An office supply store is considering adding a delivery service that its competitors do not have.c. A regional retailer is deciding whether to install self-check-out counters. This technology will reducethe number of check-out clerks required in the store.d. A local florist is considering hiring a horticulture specialist to help customers with gardening questions.1. For each decision, state whether the company is following a cost leadership or a product differentiationstrategy.2. For each decision, discuss what information the managerial accountant can provide about the sourceof competitive advantage for these firms.arrow_forward
- Big Tractor, Inc.'s best salesperson is Misty Hammond. Hammond's largest sales have been to Farmer's Cooperative, a customer she brought to the company. Another salesperson, Bob Blanchette has been told in confidence by his cousin (an employee of Farmer's Cooperative) that Farmer's Cooperative is experiencing financial difficulties and may not be able to pay Big Tractor Inc. what is owed. Both Hammond and Blanchette are being considered for a promotion to a new sales manager position. What are the ethical considerations that Bob Blanchette faces? What alternatives do you think he has?arrow_forwardYou should use a financial calculator and Excel to solve the problems. Discuss the differences between efficiency and effectiveness. Why is it important for small business owners to understand the difference between profit and profitability? What financial ratio is used to determine profitability? Sam quit a $30,000-a-year job with a local heating and air conditioning firm to go into business for himself. After his first year in business, his accountant showed him an income statement that indicated Sam’s firm had a profit of $40,000. During this year Sam had drawn a salary of $20,000. What was Sam’s accounting profit, his entrepreneurial profit, and his opportunity cost? Explain the difference between accounting and entrepreneurial profit. Discuss the differences between operating and financial leverage. You are going to open a business making custom cabinets. You can sell each cabinet for $80. It takes a cabinet-maker approximately 45 minutes to make one cabinet. Each…arrow_forwardWhich of the following are examples of financial objectives that a company might choose to pursue? A Provision of good wages and salaries B Restricting the level of gearing to below a specified target C Dealing honestly and fairly with customers on all occasions D Producing environmentally friendly products Which of the following is true? A Management accounting is highly regulated B Financial accounting is highly regulated C Management accounting is externally focused D Financial accounting is only internally communicated Which of the following is NOT a connected stakeholder? A Shareholders B Customers C Competitors D Local community…arrow_forward
- A) Use CVP analysis to recommend whether the move to paper packaging is a good business decision. Discuss any relevant qualitative factors relevant to the decision. Show all workings. B) The CEO of Primark wants to use your analysis from Part A to decide whether all Primark clothing lines should shift to paper packaging. Outline two reasons why this analysis does not give sufficient information for the CEO to make this decision.arrow_forwardA group of investors met to discuss whether they should invest in “Nike” company or “Aldi” limited-assortment supermarket. One investor made a comment that he will invest in “Nike” because it has higher operating profit margin compared to “Aldi”. To what extent do you agree or disagree with the investor’s comment? Please be specific and justify your answer.arrow_forwardBusiness success is tied to effectively managed strategies. Using the Internet, study Starbucks’ current performance. Based on the analysis, do you judge Starbucks to be a success? Why or why not?arrow_forward
arrow_back_ios
SEE MORE QUESTIONS
arrow_forward_ios
Recommended textbooks for you
Business/Professional Ethics Directors/Executives...AccountingISBN:9781337485913Author:BROOKSPublisher:Cengage
Cornerstones of Cost Management (Cornerstones Ser...AccountingISBN:9781305970663Author:Don R. Hansen, Maryanne M. MowenPublisher:Cengage Learning
Financial Reporting, Financial Statement Analysis...FinanceISBN:9781285190907Author:James M. Wahlen, Stephen P. Baginski, Mark BradshawPublisher:Cengage Learning
Business/Professional Ethics Directors/Executives...
Accounting
ISBN:9781337485913
Author:BROOKS
Publisher:Cengage
Cornerstones of Cost Management (Cornerstones Ser...
Accounting
ISBN:9781305970663
Author:Don R. Hansen, Maryanne M. Mowen
Publisher:Cengage Learning
Financial Reporting, Financial Statement Analysis...
Finance
ISBN:9781285190907
Author:James M. Wahlen, Stephen P. Baginski, Mark Bradshaw
Publisher:Cengage Learning
Ethical Decision Making in Management; Author: GreggU;https://www.youtube.com/watch?v=6UrBO-cL27Q;License: Standard Youtube License