Martin And Williams Two Business Partners Agreed That Each Would Insure His Life

Martin and Williams, two business partners, agreed that each would insure his life for the benefit of the other. On his application for insurance, Martin stated that he had never had any heart trouble when in fact he had had a mild heart attack some years before. Martin’s policy contained a two-year incontestable clause. Three years later, after the partnership had been dissolved but while the policy was still in force,Martin’s car was struck by a car being negligently driven by Peters. Although Martin’s injuries were superficial, he suffered a fatal heart attack immediately after the accident—an attack, it was established,that was caused by the excitement. The insurer has refused to pay the policy proceeds to Williams.

Does the insurer have a valid defense based on Martin’s misrepresentation? Explain.

 
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Marsha Bittner Expects To Receive A 600 000 Cash Benefit When She Retires In Fiv

Marsha Bittner expects to receive a $600,000 cash benefit when she retires in five years from today. Ms. Bittner’s employer has offered an early retirement incentive by agreeing to pay her $360,000 today if she agrees to retire immediately. Ms. Bittner desires to earn a rate of return of 12 percent.a. Assuming that the retirement benefit is the only consideration in making the retirement decision, should Ms. Bittner accept her employer’s offer?

If you want the formulas and any calculations, select the corresponding cell and press F2(Function Key on key board),It will show all calculations and formulas AutomaticallyPlease Give Me the…

 
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Mary A U Citizen Is The Sole Shareholder Of Canco A Canadian Corporation

Mary, a U.S. citizen, is the sole shareholder of CanCo, a Canadian corporation. During its first year of operations, CanCo earns $14 million of foreign-source taxable income, pays $6 million of Canadian income taxes, and distributed a $2 million dividend to Mary. Can Mary claim a deemed-paid (indirect) FTC on her Form 1040 with respect to receipt of the dividends distribution from CanCo?

Mary, a U.S. citizen, is the sole shareholder of CanCo, a Canadian corporation. Duringits first year of operations, CanCo earns $14 million of foreign-source taxable income,pays $6 million of…

 
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Marvin S Kitchen Supply Delivers Restaurant Supplies Throughout The City The Fir

Marvin’s Kitchen Supply delivers restaurant supplies throughout the city. The firm adds 10 percent to the cost of the supplies to cover the delivery cost. The delivery fee is meant to cover the cost of delivery. A consultant has analyzed the delivery service using activity-based costing methods and identified four activities. Data on these activities follow:

 
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Marvin Company Has Three Service Departments S1 S2 And S3 And Two Production Dep

Marvin Company has three service departments, S1, S2,and S3, and two production departments, P1 and P2. The following data relate to Marvin’s allocation of service department costs:Number of employees906040200300Service department cost are allocated by the direct method. The number of employees is used as the allocation base for all service department cost.Question A) Allocate service department cost to production departments.Question B) Calculate the total service department cost allocated to each production department.

 
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Marty S Wholesaling Co Opened Its Doors On Jan 15 2012 At The End Of 2012 The Fo

At the end of 2012, the following was provided for the senior accountant. Pretax financial incomeEstimated lawsuit settlement expenseInstallment salesTaxable incomeSolution:Income tax expense = (600000+600000)*30% = 360000Law suit settlement expense is assumed to be zero.

 
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Marty S Wholesaling Co Opened Its Doors On Jan 15 2012 At The End Of 2012 The Fo 1

At the end of 2012 the following was provided for the senior accountant. Pretax financial incomeEstimated lawsuit settlement expenseInstallment salesTaxable incomeTherefore $600,000 as current and $600,000 as noncurrent. Deferred tax liability – current to be recognized is (Points : 5) $30,000.$330,000.$60,000.$120,000.

 
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Marty Opened A Savings Account To Deposit A Portion Of His Monthly Salary Withou

Marty opened a savings account to deposit a portion of his monthly salary. Without considering interest earned, his savings account is modeled by the function f(x) = 300x + 500. How much money did Marty initially deposit?

 
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Martinez Company S Relevant Range Of Production Is 7 500 Units To 12 500 Units W

Martinez Company’s relevant range of production is 7,500 units to 12,500 units.When it produces and sells 10,000 units, its unit costs are as follows: Direct materials:6.00, direct labor:3.50,variable manufacturing overhead 1.50,fixed manufacturing overhead 4.00, fixed selling expense 3.00, fixed administrative expense 2.00, sales commissions 1.00, variable administrative expense 0.50:What is the total product costs incurred to make 10,000 units?What is the total amount of period costs incurred to sell 10,000 units?If 8,000 units are sold, what is the variable cost per unit sold?If 12,500 units are sold, what is the variable cost per unit sold?If 8,000 units are sold, what is the total amount of variable costs related to the units sold?If 12,500 units are sold, what is the total amount of variable costs related to the units sold?

 
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Martin Would Say That In A Society With Ample Protection For Whistle Blowers Tha

 1. Martin would say that in a society with ample protection for whistle blowers that _________.

a. Engineers have the same prima facie obligation to blow the whistle as they would in a society where whistleblowers are not as strongly protected (because the obligation is independent of factors such as legal protection for whistleblowers).

b.  Engineers have a much weaker prima facie obligation to blow the whistle than they would in a society where whistleblowers are not as strongly protected.

c. Engineers have no obligation to blow the whistle because the prima facie obligation is contextually dependent (and factors such as legal protections are contextually relevant).

d. Engineers have a stronger prima facie obligation to blow the whistle than they would in a society where whistleblowers are not as strongly protected.

2. Martin argues that the fact that whistleblowing may involve great personal sacrifice on the part of an engineer means that engineers do not have a responsibility to blow the whistle (instead the responsibility rests with managers because it is part of their professional role to manage moral conflicts.)

a. true

b. false

3.  Martin Argues that Whistle blowing is a prima facie responsibility for engineers because they are people with moral rights.

a. true

b. false

4. Helen is a engineer at a large chemical plant. She has some reason to believe that the plant manager is knowingly violating local environmental laws by encouraging unsafe dumping practices. Some relevant facts about Helen’s situation are as follows:

I) She does have reasonable documentation of the plant managers behaviorII) She has not yet gone through any of the normal organizational channels in order to resolve the conflictIII) She has a reason to think that the unsafe dumping practice pose a serious threat to public health and safety

According to Martin’s view, does Helen have a prima facie responsibility to blow the whistle?

a. Yes, she does have an prima facie obligation to blow the whistle, but not a strong one (because she cannot be 100% sure that the dumping practices constitute a serious moral issue.)

b. No, she does not have a prima facie obligation to blow the whistle because whistle blowing is always supererogatory.

c. Yes, in light of the fact that the dumping practices pose a serious (and credible) threat,  she does have a prima facie obligation to blow the whistle.

d. No, she does not have a prima facie obligation to blow the whistle because her situation as described does not meet the minimal standards for the obligation to hold.

5. Which of the following situations exemplifies what Martin meant by saying that an engineer’s obligation to blow the whistle is sensitive to context? 

a. That morality itself is subjective because there is no objective answer to the question of when we ought to blow the whistle. 

b. That moral decisions regarding whistle blowing are completely determined by what professional organizations say about it. 

c. That what counts as a prima facie duty is merely a matter of personal opinion. 

d. That what counts as a “reasonable” amount of evidence can vary from situation to situation. 

 
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