Answer:
72 percent
Explanation:
The computation of the Y's maximum possible utilization is given below:
In the case when the maximum output received from C is 72 units per hour so the maximum input rate to Y should also be 72 units per hour as X and Y are linked in series
So as per the given situation, Y's maximum possible utilization is 72 percent
The same should be considered and relevant
Research on the increasing rate of teenage pregnancy with research methods
Answer:
Ghana constitute to record high rate of Ap.Recent national report shows that 11percent of adolescent age 15 to 19 had had a live birth of which 3 percent with first child and 14 percent has began childbearing
You have been tasked with advising the dictator of a nation over what he should do to increase the countries GDP. He suggests printing money and increasing the growth rate of the money supply. He wants to give this newly printed currency to his soldiers and best political supporters. You know this will not increase GDP in the long run because:
I. Money is neutral
II. Increasing the growth of the money supply only causes inflation in the long run
III. He would only increase GDP in the long run if he distributed the money equally to all citizens
IV. He would only increase GDP in the long run only if he printed a large enough sum of money
a. I and II only I
b. II, and III only
c. I, II, III, and IV
d. III only
Answer: a. I and II only
Explanation:
Money is neutral which means that even if you change to supply of money in an economy, it will not translate to an increase in GDP because only the nominal values of things will change (as a result of inflation) while the real values of things like GDP will remain the same.
Increasing the growth of money supply by printing money would also cause inflation in the long run because the money will lose its value like goods do when their supply is increased even though demand does not. A weaker currency needs more units to buy a good which is where the inflation will come from.
The short-run average total cost (ATC) curve of a firm will tend to be U-shaped because Group of answer choices larger firms always have lower per-unit costs than smaller firms. at low levels of output, AFC will be high, while at high levels of output, MC will be high as the result of diminishing returns. diminishing returns will be present when output is small, and high AFC will push per-unit cost to high levels when output is large. diseconomies of scale will be present at both small and large output rates.
Answer:
at low levels of output, AFC will be high, while at high levels of output, MC will be high as the result of diminishing returns.
Explanation:
In Economics, the law of diminishing marginal utility states that as the unit of a good or service consumed by an individual increases, the additional satisfaction he or she derives from consuming additional units would start decreasing or diminishing as the units of good or service consumed increases.
The short-run average total cost (ATC) curve of a firm will tend to be U-shaped because at low levels of output, average fixed cost (AFC) will be high, while at high levels of output, marginal cost (MC) will be high as the result of diminishing returns.
This ultimately implies that, the average fixed cost (AFC) will be high at small (low-level) output rates while marginal cost (MC) will be high at large (high-level) output rates due to diminishing marginal returns.
As a result of the law of diminishing marginal returns, a business firm would experience some rising per unit costs in the short-run.
In conclusion, an increase in the level of output for a business firm will eventually lead to an increase in average total cost (ATC) and marginal cost (MC) due to the law of diminishing marginal returns.
Cellestial Manufacturing Company produces Products A1, B2, C3, and D4 through a joint process. The joint costs amount to $200,000.
If Processed Further
Sales Value Additional
Product Units Produced at Split-Off Costs Sales Value
A1 3,000 $10,000 $2,500 $15,000
B2 5,000 30,000 3,000 35,000
C3 4,000 20,000 4,000 25,000
D4 6,000 40,000 6,000 45,000
Which product(s) should be sold at split-off to maximize profits in the short run?
a. Product A1
b. Product D4
c. Product B2
d. Products A1 and D4
Answer:
a. Product A1
Explanation:
Calculation to determine Which product(s) should be sold at split-off to maximize profits in the short run
Product A1
Additional Revenues=Sales Value-Sales value at split-Off
Additional Revenues=$15,000-$10,000
Additional Revenues=$5,000
Difference=Additional Revenues -Additional Costs
Difference=$5,000-$2,500
Difference=$2,500
Product A1 Additional Revenues Additional Costs Difference
$5,000 $2500 $2,500
Therefore the product that should be sold at split-off to maximize profits in the short run is Product A1 Which therefore means that company should sell now
Determine the amount of money in a savings account at the end of 1 year, given an initial deposit of $12,000 and a 4 percent annual interest rate when interest is compounded: Use Appendix A for an approximate answer, but calculate your final answer using the formula and financial calculator methods. (Do not round intermediate calculations. Round your final answers to 2 decimal places.)
Answer:
$ 12480
$ 12,484,80
$12,487.25
Explanation:
annually
quarterly
semi annually
The formula for calculating future value:
FV = P (1 + r) nm
FV = Future value
P = Present value
R = interest rate
m = number of compounding
N = number of years
annually - 12,000 x 1,04 = 12480
semi annual - 12,000 x (1.02)^2 = 12,484,80
quarterly - 12,000x (1.01)^4 = 12,487.25
Zooey is a single mother of two young children whose husband died in a tragic car accident. She earns $20,000 per year working as a cashier at a grocery store. The government uses a negative income tax system in which Taxes owed = (1/4 of income) - $15,000.
How much does Zooey owe or receive from the government?
a. She owes $5,000
b. She receives $10,000.
c. She owes $10,000.
d. She receives $15,000.
Answer:
b. She receives $10,000
Explanation:
Taxes owed = (1/4 of income) - $15,000.
Taxes owed = (1/4 x 20,000) - $15,000.
= 5,000 - 15,000 => -10,000
Hence, she receives $10,000 from the government.
A negative income tax is a system where people earning below a certain amount receive supplemental pay from the government instead of paying taxes to the government.
Which one of the following statements is correct? Both partnerships and corporations incur double taxation. Sole proprietorships and partnerships are taxed in a similar fashion. Partnerships are the most complicated type of business to form. Both partnerships and corporations have limited liability for general partners and shareholders. All types of business formations have limited lives.
Answer:
sole proprietorships and partnerships are taxed in a similar fashion
Explanation:
A tax can be regarded as compulsory financial charge, it can also be regarded as other type of levy that is been imposed on a taxpayer by a governmental organization so that funds needed to fund government spending as well as various public expenditures can be generated. This applies to sole proprietorship which is regarded as , is a type of enterprise that is been owned as well as run by one person. Also applies to partnership which can be regarded as formal arrangement set up between two or more parties so they can manage and operate a particular business as well as sharing of its profits. It should be noted that sole proprietorships and partnerships are taxed in a similar fashion
K Company estimates that overhead costs for the next year will be $3,441,000 for indirect labor and $930,000 for factory utilities. The company uses direct labor hours as its overhead allocation base. If 93,000 direct labor hours are planned for this next year, how much overhead would be assigned to a product requiring 5 direct labor hours
Answer:
$235.00
Explanation:
Calculation to determine how much overhead would be assigned to a product requiring 5 direct labor hours
Overhead assigned to direct labor hours=[($3,441,000 + $930,000)/93000 direct labor hours]*5 direct labor hours
Overhead assigned to direct labor hours=($4,371,000/93,000)* 5 direct labor hours
Overhead assigned to direct labor hours= $47 per direct labor hour* 5 direct labor hours
Overhead assigned to direct labor hours= $235.00
Therefore how much overhead would be assigned to a product requiring 5 direct labor hours will be $235
Identify a key concept or foundational theory from the first four weeks of class and in half a page discuss how it applies to your current work environment or a recent social, political or business event. Include the chapter and sub topic from your textbook. g
Answer:
TQM
Explanation:
TQM concept we learned about in the first few weeks of class. For TQM to get successful, all workers need to get involved. One great practice that TQM uses is decision-making as a group. This process promotes an open conversation with productivity as people sheltering their opinions.Completing a Master Budget
Hillyard Company, an office supplies specialty store, prepares its master budget on a quarterly basis. The following data have been assembled to assist in preparing the master budget for the first quarter:
a. As of December 31 (the end of the prior quarter), the company’s general ledger showed the following account balances:
Debits
Credits
Cash
$ 48,000
Accounts receivable
224,000
Inventory
60,000,
Buildings and equipment (net)
370,000
Accounts payable
$ 93,000
Capital stock
500,000
Retained earnings
_______
109,000
$702,000
$702,000
b. Actual sales for December and budgeted sales for the next four months are as follows:
December (actual)
$280,000
January
$400,000
February
$600,000
March
$300,000
April
$200,000
c. Sales are 20% for cash and 80% on credit. All payments on credit sales are collected in the month following sale. The accounts receivable at December 31 are a result of December credit sales.
d. The company’s gross margin is 40% of sales. (In other words, cost of goods sold is 60% of sales.)
e. Monthly expenses are budgeted as follows: salaries and wages, $27,000 per month: advertising, $70,000 per month; shipping, 5% of sales; other expenses, 3% of sales. Depreciation, including depreciation on new assets acquired during the quarter, will be $42,000 for the quarter.
f. Each month’s ending inventory should equal 25% of the following month’s cost of goods sold.
g. One-half of a month’s inventory purchases is paid for in the month of purchase; the other half is paid in the following month.
h. During February, the company will purchase a new copy machine for $1,700 cash. During March, other equipment will be purchased for cash at a cost of $84,500.
i. During January, the company will declare and pay $45,000 in cash dividends.
j. Management wants to maintain a minimum cash balance of $30,000. The company has an agreement with a local bank that allows the company to borrow in increments of $1,000 at the beginning of each month. The interest rate on these loans is 1% per month and for simplicity we will assume that interest is not compounded. The company would, as far as it is able, repay the loan plus accumulated interest at the end of the quarter.
Required:
Using the data above, complete the following statements and schedules for the first quarter:
1. Schedule of expected cash collections:
January
February
March
Quarter
Cash sales
$ 80,000
Credit sales
224,000
Total cash collections
$304,000
2. a. Merchandise purchases budget:
January
February
March
Quarter
Budgeted cost of goods sold
$240,000*
$360,000
Add desired ending inventory
90,000f
Total needs
330,000
Less beginning inventory
60,000
Required purchases
$270,000
___________
*$400,000 sales X 60% cost ratio =$240,000.
†$360,000 X 25% = $90,000.
b. Schedule of expected cash disbursements for merchandise purchases:
January
February
March
Quarter
December purchases
$ 93,000
$ 93,000
January purchases
135,000
135,000
270,000
February purchases
—
March purchases
—
Total cash disbursements for purchases
$228,000
3. Schedule of expected cash disbursements for selling and administrative expenses:
January
February
March Quarter
Salaries and wages
$ 27,000
Advertising
70,000
Shipping
20,000
Other expenses
12,000
Total cash disbursements for
selling and administrative expenses
$129,000
4. Cash budget:
January
February
March Quarter
Cash balance, beginning
$ 48,000
Add cash collections
304,000
Total cash available
352,000
Less cash disbursements:
Purchases of i nventory
228,000
Selling and administrative
expenses
129,000
Purchases of equipment
_____
Cash dividends
45,000
Total cash disbursements
402,000
Excess (deficiency) of cash
Financing: Etc.
(50,000)
5. Prepare an absorption costing income statement for the quarter ending March 31 as shown in Schedule 9 in the chapter.
6. Prepare a balance sheet as of March 31.
Answer:
heuer7eguejeu7 said she had a good to
Park Company reports interest expense of $145,000 and income before interest expense and income taxes of $1,885,000. (1) Compute its times interest earned. (2) Park's competitor's times interest earned is 4.0. Is Park in a better or worse position than its competitor to make interest payments if the economy turns bad
Answer:
(1) Park's times interest earned is 13.
(2) Park is in a BETTER position than its competitor to make interest payments if the economy turns bad.
Explanation:
(1) Compute its times interest earned.
The times interest earned, also known as the interest coverage ratio, is a coverage ratio that calculates the proportionate amount of income that can be used to cover future interest expenses.
The times interest earned can be computed as follows:
Times interest earned = Income before interest expense and income taxes / Interest expense = $1,885,000 / $145,000 = 13
Therefore, Park's times interest earned is 13.
(2) Park's competitor's times interest earned is 4.0. Is Park in a better or worse position than its competitor to make interest payments if the economy turns bad.
Because the ratio reveals how many times a company could pay interest with its pre-tax income, greater ratios are clearly better than lower ratios.
Since Park’s times interest earned of 13 is greater than its competitor’s times interest earned of 4, it therefore implies that Park is in a BETTER position than its competitor to make interest payments if the economy turns bad.
If sales are $798,000, variable costs are 72% of sales, and operating income is $258,000, what is the contribution margin ratio?
a. 72%
b. 68%
c. 28%
d. 32%
gdp bình quân là gì ?
Answer:
what type of language is this ??
During the year, Hamlet Inc. paid $22,000 to have bond certificates printed and engraved, paid $120,000 in legal fees, paid $18,000 to a CPA for registration information, and paid $280,000 to an underwriter as a commission. What is the amount of bond issue costs
Answer:
the issuance cost of the amount of the bond is $440,000
Explanation:
The computation of the issuance cost of the amount of the bond is given below:
Bond Certificate printing cost $22,000
Legal fees paid $120,000
CPA registration $18,000
Underwriting Commission $280,000
Total Bond issue costs $440,000
Hence, the issuance cost of the amount of the bond is $440,000
Use the following selected information from Whitman Corp. to determine the Year 1 and Year 2 common size percentages for cost of goods sold using Net sales as the base.
Year 2 Year 1
Net sales $276,200 $231,400
Cost of goods sold 151,900 129,590
Operating expenses 55,240 53,240
Net earnings 27,820 19,820
Answer:
Year 1 56%
Year 2 55%
Explanation:
Calculation to determine the Year 1 and Year 2 common size percentages for cost of goods sold using Net sales as the base.
Year 1
Using this formula
Common size percentage for cost of goods sold for year 1 = Cost of good sold/Net sales
Let plug in the formula
Common size percentage for cost of goods sold for year 1= 129,590/231,400
Common size percentage for cost of goods sold for year 1= 56%
Year 2
Using this formula
Common size percentage for cost of goods sold for year 2 = Cost of good sold/Net sales
Let plug in the formula
Common size percentage for cost of goods sold for year 2 = 151,900/276,200
Common size percentage for cost of goods sold for year 2 = 55%
Therefore the Year 1 and Year 2 common size percentages for cost of goods sold using Net sales as the base is :Year 1 56% and Year 2 55%
what is the different between consumer and customer?
Answer:
The customer is one who buys product produce while the consumer is one who takes benefit or uses the product.
Morales Corporation produces microwave ovens. The following per unit cost information is available: direct materials $30, direct labor $20, variable manufacturing overhead $16, fixed manufacturing overhead $42, variable selling and administrative expenses $18, and fixed selling and administrative expenses $24. Its desired ROI per unit is $27.00. Compute its markup percentage using a total-cost approach. (Round answer to 2 decimal places, e.g. 10.50%.)
Answer:
111%
Explanation:
Computation to determine its markup percentage using a total-cost approach
First step
Variable cost per unit= Direct materials+Direct labor+Variable manufacturing overhead+Variable selling and administrative expenses
Variable cost per unit= $30+20+16+18
Variable cost per unit= $84
Second step
Fixed cost per unit= Fixed manufacturing overhead+Fixed selling and administrative expenses
Fixed cost per unit= $42+24
Fixed cost per unit= $66
Now let determine the Variable costing markup percentage
Variable costing markup percentage= (Desired ROI+Fixed cost per unit)*100/Variable cost per unit
Variable costing markup percentage= ($27+66)*100/84
Variable costing markup percentage=110.7 %
Variable costing markup percentage=111% (Approximately)
Therefore its markup percentage using a total-cost approach is 111%
The discount rate is a. the rate at which the Fed lends to banks. b. the rate at which public banks lend to other public banks. c. the percentage difference between the face value of a Treasury bond and what the Fed pays for it. d. the percentage of deposits banks hold as excess reserves.
Answer:
a. the rate at which the Fed lends to banks
Explanation:
The discount rate is the interest rate that are applied for measuring the present value of future cash flows
It is the rate where the federal reserve would lends to the financial insituation or bank
So as per the given options, the option a is correct
And, the other options should be considerd as wrong or incorrect
Consider the following opportunities. Opportunity 1 requires a $4,000 cash payment now (Year 0) but will result in $14,000 cash received in Year 5. Opportunity 2 requires no cash outlay and results in $3,500 cash received in Year 3 and Year 5.
Required:
Use a 6 percent discount rate and determine whether Opportunity 1 or Opportunity 2 results in a greater NPV.
Answer:
Opportunity 1 results in a greater NPV.
Explanation:
NPV of Opportunity 1 = (Cash received in Year 5 / (100% + Discount rate)^Number of years) - Cash payment now = ($14,000 / (100% + 6%)^5) - $4,000 = $10,461.61 - $4,000 = $6,461.61
NPV of Opportunity 2 = (Cash received in Year 3 / (100% + Discount rate)^Number of years) + (Cash received in Year 5 / (100% + Discount rate)^Number of years) = ($3,500 / (100% + 6%)^3) + ($3,500 / (100% + 6%)^5) = $2,938.67 + $2,615.40 = $5,554.07
Since NPV of Opportunity 1 which is $6,461.61 is greater than NPV of Opportunity 2 which is $5,554.07, this implies that Opportunity 1 results in a greater NPV.
2 Income statement data for Starr Canning Corporation are as follows: 2009 2008 Sales $1,400,000 $1,200,000 Cost of goods sold 850,000 730,000 Selling expenses 205,000 240,000 General expenses 140,000 100,000 Income tax expense 82,000 50,000 Required a. Prepare an income statement in comparative form, stating each item for both years as a percent of sales (vertical common-size analysis)
Answer and Explanation:
The preparation of the income statement in comparative form is presented in the attachment below
The vertical analysis refers to analysis made to the financial statements. In the balance sheet, the item with respect to the common base for the other items should be expressed in total assets while for the income statement it should be total revenues
Since we have to make the income statement so the same should be expressed in total revenues
:
The master budget of a merchandising company includes a:_______
a. Production budget.
b. Direct materials budget.
c. Factory overhead budget.
d. Direct labor budget.
e. Purchases budget.
Answer:
a. Production budget.
Explanation:
hope it helps :>
Complete the following statements with one of the terms listed here. You may use a term more than once. Some terms may not be used at all. Capital turnover Direct fixed expenses Flexible budget variance Key performance indictors (KPIs) Profit center Sales margin Common fixed expenses Favorable variance Goal congruence Management by exception Return on investment (ROI) Unfavorable variance Cost center Flexible budget Investment center Master budget variance Revenue center Volume variance
Solution :
a). Flexible budget
A flexible budget is a budget that is prepared for the different volume level which was originally anticipated.
b). Flexible budget variance
It is the different between the flexible budget and the actual results.
c). Return on Investment
It is used to evaluate the performance of the investment centers. It is calculated by dividing operating income by the investment.
d). Favorable variance
The company has the favorable variance when the actual values are more than the budgeted values.
Duane Miller wants to know what price home he can afford. His annual gross income is $67,200. He has no other debt expenses and expects property taxes and insurance to cost $320 per month. He knows he can get a 8.50%, 15 year mortgage so his mortgage payment factor is 9.85. He expects to make a 25% down payment. What is Duane's affordable home purchase price?
a. $107,929.
b. $158,793.
c. $138,207.
d. $209,139.
e. $179,665.
Terms of trade refers to: Group of answer choices The opportunity costs incurred in trade. The rate at which goods are exchanged. The degree to which one country has an absolute advantage. Which country pays the transportation costs when trade occurs
Answer:
The rate at which goods are exchanged.
Explanation:
It is the ratio of a country's export prices to import prices
Terms of trade = (export / import) x 100
export would comprise of goods and services produced in the US that are been sold to foreign countries
Import would comprise of foreign produced goods and services that are been sold in the US
Terms of trade that exceeds 100 is a positive economic indicator
for example let us assume export is $1000 and import is $500
terms of trade = (1000 / 500) x 100 = 200
out line four roles played by entrepreneurs in Kenya
Answer:
To be a successful entrepreneur it is necessary for the individual to develop essential communication skills, creativity, innovation and the ability to deal with the risks inherent in the business.
A well-positioned and competitive business is one that manages to create value for consumers by offering products and services that satisfy their wants and needs.
In Kenya, entrepreneurship has stood out as a means for citizens to seek employment and income opportunities, especially in opening up trade in products and services.
Entrepreneurship helps a country to develop by moving the economy and improving the population's quality of life, so it is necessary to have government incentives and information available on the subject.
Expert Lawn Services offers customers a reduced price for lawn care if they pay for 6 months service in advance. In March 2020, 50 customers prepay $540 each for services to be provided from April through September. Expert recognizes revenue proportionately over the 6-month period. What is Expert's unearned revenue liability as of April 30
Answer:
the total unearned revenue be $22,500.
Explanation:
The computation of the unearned revenue liability is given below:
advance paid 540.00
Divided by tenure of services months 6.00
revenue to be recognized per month 90.00
Now unearned revenue for 30 april i.e. for five months 450.00
Multiply by no of customers 50.00
So, the total unearned revenue be $22,500.
Unearned Revenue liability refers to the amount received in advance for the services or product that has yet to be provided to the customers. The unearned revenue liability is $22,500.
What is revenue?
Revenue refers to the inflows of cash in a company by operating normal business activities. Net income is calculated by deducting costs from the revenues.
The expert's unearned revenue liability is calculated as follows:
[tex]\begin{aligned}\text{Total revenue}&= \text{No. of customer }\times\text{ amount paid by each customer}\\&=50 \times \$540\\&=\$27,000\end{aligned}[/tex]
Revenue for the month of April is $27,000 divided by 6 months= $4,500
Unearned revenue liability is
[tex]\begin{aligned}\text{Unearned revenue liability}&= \text{Total Revenues }-\text{ Revenue earned for april}\\&=\$27,000 - \$4,500\\&=\$22,500\end{aligned}[/tex]
Therefore, the unearned revenue liability is $22,500.
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In ________ organizational cultures, more individuality is shown through the organization’s rules being less strictly applied.
Answer:
weak
Explanation:
An organizational culture can be defined as the shared norms, beliefs, assumptions and values that exist in an organization.
An ethical climate can be defined as a collection of behaviors that are considered to be acceptable and correct within an organization or business firm. Also, an ethical climate provides the human resources management of an organization with a framework or benchmark on how employee behavioral issues or ethical problems are to be managed or handled within the organization.
In weak organizational cultures, more individuality of an employee working within an organization is shown as a result of the organization’s rules being less strictly applied.
On a related note, the rules guiding an organization are generally strictly being applied in strong organizational culture.
convenient product is the product that is relatively inexpensive item that merits little shopping effort. Is it true or false?
Answer: True
Explanation:
A convenient product is the product that is relatively inexpensive item that merits little shopping effort.
A convenient product refers to an inexpensive product which requires a little amount of effort from the consumer to purchase it. Some examples of convenience products include soft drink, bread, coffee.
Therefore, the statement given is true.
1.Marketing Myopia occurs when the company focuses on the product more than necessary to deliver a certain product.
True
False
2.Marketing offers are only restricted to tangible items like that of pens and notepads you use at class rooms.
True
False
3.Selling focuses on the needs of the buyer; marketing focuses on the needs of the seller. *
True
False
4.The deference in “Marketing Philosophy” and that of “Societal Marketing Philosophy” is that in the later we are concerned about the human welfare. *
True
False
5.Once an opinion leader it is always an opinion leader.
True
False
6.Consumers are individuals or groups who purchase a product for resell. *
True
False
7.It is more than enough for a marketer in a company to know the customer’s need and want in order to produce and deliver a certain product in the market. *
True
False
8.Human wants are the form taken by human needs as they are shaped by culture and individual personalities. *
True
False
9.What makes marketing harder is that it is hard to understand the needs and wants of the customers.

Janice has been invited to appear on a home improvement show for the remodel of her summerhouse in Maine. Janice asks Mary to wallpaper her house in anticipation of the home improvement, and requests expensive custom wallpaper and a very intricate design application, for which the wallpaper would cost $5000, plus labor. Mary, excited for a very large job for her solo business, orders the intricate wallpaper and blocks off her calendar for the amount of time it will take to complete the job. After the paper has been ordered, Mary asks some friends to be available to complete the job in time for the show. Janice is informed that she will not be on the show and notifies Mary that she will not need the wallpaper.
a. Does Mary have a case for re-imbursement?
b. Under what legal theory might she prevail and what are her damages, if any?
c. What ethical theories might be applicable?
Answer:
sorry I don't know.
Explanation:
Yes, Mary has a legal cause of reimbursement Under the legal theory of ethical violation.
What is ethical violation?A documented company's code of ethics, mission, vision, values, and culture are violated when something is spoken, published, or done that does so. Additionally, we are aware that moral transgressions laugh in the face of accepted social norms.
Most business professionals' ethical conduct is governed by codes of conduct. Business infractions including discrimination, safety issues, or poor working conditions are most frequently observed.
Additionally, fraud, theft, and conflicts of interest. Many of these cross the line into illegal territory that is dealt with outside the corporation and are not merely morally bad.
Customers may be charged for services they did not receive when there is improper or fraudulent billing. This occurs most frequently in professions where the person who pays the bill is different from the person who received the services.
Due to the frequency of this particular ethical breach, many insurance companies have started providing consumers with a list of services that may fall under this category, enticing them to report any irregularities.
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