3. Depreciation percentage=$1‚640‚200/$15‚411‚620 = 10.64% New Fixed Assets=$15‚411‚620 + $30‚000‚000 = $45‚411‚620 $45‚411‚620*.1064 = $4‚831‚796 new depreciation Pro forma Income Statement Sales ($36‚599‚300*1.12) $40‚991‚216 Cost of Goods Sold ($26‚669‚496*1.12) 29‚869‚836 Other Expenses ($4‚641‚000*1.12) 5‚197‚920 Depreciation 4‚831‚796 EBIT 1‚091‚664 Interest 573‚200 Taxable Income 518‚464 Taxes
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ETHICS CASE Dilemma of an Accountant In 1976 Senator Lee Metcalf (D-Mont.) released a report on the public accounting industry which rocked the profession. Despite a decade of revisions in rules and regulations (variously established by the Securities and Exchange Commission‚ Accounting Principles Board‚ and Financial Accounting Standards Board)‚ public accounting firms were still perceived by many on Capitol Hill as biased in favor of their clients‚ incapable of or unwilling to police
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Ethical dilemma is an issue involving moral principles with no right or wrong. There will always have debates on whether one matter is considered being right or to some people’s perspective‚ it might be wrong. Take for example in Singapore‚ many people will be against the idea of abortion as it is the same as murder. However‚ there are also some who are not against the idea. In fact‚ abortions were considered legal so long the pregnancy does not exceed 6 months. It actually depends on one’s conscience
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patient. For example‚ nurse could be an ultimate adversary of abortion unless the mother or child could have complications from it. A patient coming into the hospital to abort a child just because she did not use contraceptives could cause an ethical dilemma considering the nurse are obligated to respect autonomy of the patient. Thus autonomy takes control over all other ethical principles in cases of
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Business Ethics Dilemmas in “It’s a Wonderful Life” OVERVIEW For this movement I chose to get a load of the business morals quandaries depicted in the exemplary motion picture “It’s a Radiant Existence”. In this paper I am determined to give a concise abstract of the film‚ give a catalogue of the prevailing elements‚ and quickly skim over the moral quandaries confronted by the principle elements in this film. This film was prepared and administered by Plain Capra and discharged in 1946. The
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1. Calculate the Payback Period of each project. Explain what argument Tim should make to show that the Payback Period is not appropriate in this case. Answer : Year Synthetic Resin Epoxy Resin Cash Flows Cumulative Cash Flows Cash Flows Cumulative Cash Flows 0 -$1‚000‚000 -$1‚000‚000 -$800‚000 -$800‚000 1 $350‚000 -$650‚000 $600‚000 -$200‚000 2 $400‚000 -$250‚000 $400‚000 $200‚000 3 $500‚000 $250‚000 $300‚000 $500‚000 4 $650‚000 $900‚000 $200‚000 $700‚000 5 $700‚000 $1‚600‚000 $200‚000
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Ethical dilemmas and multicultural issues are things that you will come across in your professional career. When we seek the assistance of a counselor in schools or in any other setting we want to know that what we share will not be shared with others. We want to feel comfortable and know that our standards and ethics will not be violated. While working in a school setting we came across Amy who is a 16 year old African American high school student. She went to talk to her high school counselor
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The 1950’s-60’s70’s-80’s Miranda Moultrie Nixon Back Again The United States presidential election of 1968 was the 46th quadrennial presidential election‚ held on Tuesday‚ November 5‚ 1968. Moon Shot On July 21‚ 1969‚ President Nixon spoke from the Oval Office to Apollo 11 astronauts Neil Armstrong and Edwin Aldrin at the Sea of Tranquility on the Moon. Apollo 11 was the spaceflight that landed the first humans on the Moon‚ Americans Neil Armstrong and Woodstock A village in New York state
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the statistical test I ran was not significant implying that the growth factor added little benefit. When I shared the results with my advisor‚ he asked me to rework the statistics and show the data in a more positive light to the client. My dilemma was whether to report the findings against the wishes of my advisor or to heed his request and use a less stringent and statistically incorrect test. Researchers often manipulate data by using alternative statistical tests‚ so complying with my advisor’s
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The cost of tragedy is a huge predicament in society. Having to decide between two moral wrongdoings is almost impossible. With no obvious answer‚ you must decide between the lesser of two evils from an ethical standpoint. While there may be tough decisions to be made‚ you need to ask yourself the obvious question as well as the tragic one. A situation may seem tragic‚ but a truly tragic situation is only when it involves moral wrongdoing. Choosing to eat at home vs eating with your friend for example
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