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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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In any professional field‚ there are codes of conduct put in place that are meant to discourage unethical behavior. These rules are commonly retaught or reinforced so people within a field are continuously aware of what society expects of them. Usually people get tired of being reminded of these rules as some of them seem like basic curtesy or something anyone with decent parent was taught during youth‚ but that attitude is what lead to one of America’s biggest financial scandal‚ Enron. Enron is
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ASSIGNMENT 1. Understand the role of codes of ethics and discuss its function as a social tool in ensuring ethical behaviors are in place (use the registration of engineers act 1967 as a guide line). To be a professional there are a certain set of rules that you have to comply to this rules. Engineering societies in this case have adopted a set of rules knows as the code of ethics. Basically‚ a code of ethics provides a framework for ethical judgment for a professional. [1] Framework meaning
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Abstract Ethical dilemmas are a natural part of a human service provider’s career. In this paper we will explore the steps to identifying and solving an ethical dilemma. We will review statements from the Ethical Standards for Human Service Professionals‚ specific to client confidentiality. We will review the following four steps: Identify the Problem‚ Consulting with Colleagues or Experts‚ Identifying and Exploring Options‚ and Choosing a Course of Action. We will explore how each of the
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acceptable. Given that said principle revolves around the idea of what is “intrinsically good or bad‚” the surgeons did what they thought was best for the patient. However‚ if one were to implement the “Three-Step Ethical Decision-Making Model” from Norman Vincent Peale for solving an ethical dilemma one would have realized that this course of action is illegal thus being immoral. The surgeons could have talked her into contacting her family‚ or close friends‚ for them to discuss the issue within
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Ethical and Legal Issues Kimberly Brooks HCA/322 Mark Metzger May 13‚ 2013 In the health care setting there are many professions that are important in this field. Just a few to name; medical records‚ nurses‚ medical technologist‚ medical assistant‚ emergency technician and many more. All of these professions are faced with legal and ethical issues at some point in time in their career. There are also laws that must be followed‚ then you have legal requirements that must be adhered too. Last
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the outside it seems so obvious why such behavior should not be condoned. The National Association for the Education of Young Children (NAEYC) acknowledges the existence of moral and ethical issues that people working with children face daily. The NAEYC Code of Ethical Conduct gives standards on how to manage ethical dilemmas professionals may encounter in early childhood care and education‚ while the Statement of Commitment is a “personal acknowledgement of an individual’s willingness to embrace
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Ethical and Professionalism Essays ------------------------------------------------- Enterprises agree that ethical and professional behaviour are important aspects of the business environment. | Describe the principles of ethical and professional behaviour. Evaluate the issues that pose challenges to the business environment in terms of ethical/professional behaviour and comment on its application in the business enterprise Introduction - Enterprises realise that
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ETHICAL ISSUES IN RESEARCH INTO ALCOHOL AND OTHER DRUGS: AN ISSUES PAPER EXPLORING THE NEED FOR A GUIDANCE FRAMEWORK ‘An ethical framework is a set of ethical principles capable of being applied consistently and designed to guide our response to a particular problem or set of problems… an ethical framework dictates not what is to be done‚ but what factors should be considered in deciding what is to be done.’ 2 2 Chan‚ S.‚ & Harris J. (2007). Nuffield Council on Bioethics: An ethical review
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