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Question - Ethics and professional conduct in business Netbooks, Inc. provides accounting applications for business customers on the Internet for a monthly subscription. Netbooks customers run their accounting system on the Internet; thus, the business data and accounting software reside on the servers of Netbooks Inc. The senior management of Netbooks believes that once a customer begins to use Netbooks it would be very difficult to cancel the service. That is, customers are "locked in" because it would be difficult to move the business data from Netbooks to another accounting application, even though the customers own their own data. Therefore, Netbooks has decided to entice customers with an initial low monthly price that is half of the normal monthly rate for the first year of services. After a year, the price will be increased to the regular monthly rate. Netbooks management believes that customers will have to accept the full price because customers will be "locked in" after one year of use.
a. Discuss whether the half-price offer is an ethical business practice.
b. Discuss whether customer "lock in" is an ethical business practice.
Prepare a balance sheet; a statement of revenues, expenditures, and changes in fund balance and a budgetary comparison schedule Prepare closing journalentries.
Gardial & Son has an ROA of 12%, a 5% profit margin, and a return on equity equal to 20%. What is the company's total assets turnover? What is the firm's equity multiplier?
Journalize the following selected tranactions for March 2016 in a two-column journal. Journal entry explanations may be omitted.
What approach should be used to calculate the breakeven point of a company that has many products? How is the contribution margin per unit of limited resources computed.
Equipment with a cost of $150,000 has an accumulated depreciation of $100,000. What is the historical cost of the equipment?
machinery is purchased on may 15 2009 for 50000 with a 5000 salvage value and a five year life. the half year
A U.S. firm has received a large amount of cash inflows periodically in Swiss francs as a result of exporting goods to Switzerland. It has no other business outside the U.S. It could best reduce its exposure to exchange rate risk by:
kirk is employed by an accounting firm and uses his automobile in connection with his work. during the month of october
some say that bernard l. madoff is the biggest financial fraud in history. the new york times gives us some background
Visit the websites of Procter & Gamble and Harley Davidson
dewitt company uses flexible budgets to control its selling expenses. monthly sales are expected to range from 170000
During the year, Baskett reports net income of $90,000 while paying dividends of $30,000. What is the Investment in Baskett Company balance (equity method) in Ace's financial records as of December 31 ?
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