WHAT COMPANY HAS THE MOST ETHICAL BUSINESS CULTURE?

The answer is Chick-fil-A. Headquartered in Atlanta, Georgia. Chick-fil-A is a privately-held company that prides itself on demonstrating high business ethics, anchored by being closed on Sundays to spend time with family and friends. Despite being closed one-seventh of the time, Chick-fil-A has surpassed Kentucky Fried Chicken (KFC) as the largest chicken quick-service restaurant (QSR) in the United States by revenue. This is shocking because there are only about 2,200 Chick-fil-A’s in the nation, compared to KFC’s 4,500. Total annual revenues for Chick-fil-A are about $5 billion.

Each Chick-fil-A restaurant averages more than $4.4 million in annual sales, more than three times KFC’s average at $1 million. In fact, Chick-fil-A’s average sales per restaurant is highest of all restaurants in the United States, with the number two chain being Whataburger, which generates $2.7 million per restaurant, a mere 61 percent of Chick-Fil-A. In terms of direct chicken restaurant rival firms, Chick-fil-A dominates in annual per-restaurant sales, toppling direct competitors Zaxby’s ($2.3 million), El Pollo Loco ($1.9 million), Bojangles’ ($1.8 million), Popeyes ($1.4 million), Boston Market ($1.4 million), and Wingstop ($1.1 million).

About 65 percent of Check-fil-A’s business is through its drive-thru where employees stand outside the restaurant taking orders on tablets. Research shows that Chick-fil-A employees say “thank you” 97 percent of the time; customers report that employees have a pleasant demeanor and smile in 9 out of 10 visits. The company’s employee retention rate is exceptionally high. Chick-fil-A has the second-highest rate of accuracy at the drive-thru of all restaurants, getting orders right 95 percent of the time, second only to Carl’s Jr.’s accuracy rate of 97 percent, in a recent study.

The only aspect of business where Chick-fil-A does not rank highly is in speed of service. The average wait time at Chick-fil-A’s drive thru is 4 minutes and 16 seconds, which is about 31 seconds longer than the average drive-thru wait time. But all in all, Chick-fil-A is an exemplary triple-bottomline company

Questions
1. Describe the business culture at Chick-fil-A.
2. To what extent does Chick-fil-A’s culture account for Chick-fil-A’s performance?
3. How would you grade Chick-fil-A’s triple-bottom-line? Why?
4. Should Chick-fil-A change its policy and be open on Sundays since all its major rivals are open
on Sunday? Why or why not?

How serious is the current threat of nuclear weapons being acquired and used in a terrorist attack and why? Please write your response in at least 350 words.

1. What are the pros and cons of Mr. Zuckerberg’s actions when he acquired Instagram?
2. Do you believe executive pay packages are justified? Why or why not?

Beavis Construction Company was the low bidder on a construction project to build an earthen dam for $1,700,000. The project was begun in 2020 and completed in 2021. Cost and other data are presented below: 2020 2021 Costs incurred during the year $ 486500 $1,000,000 Estimated costs to complete 903,500 0 Billings during the year 455,000 1,245,000 Cash collections during the year 355,000 1,345,000 ) Assume that Beavis recognizes revenue on this contract over time according to percentage of completion.

Gross Profit 2020 and 2021

On September 1, 2019, the entity bought the bonds belonging to the private sector with a nominal value (par value) of $400,000 with an annual interest payment of 12% through the bank. The related bonds were sold on February 1, 2020 with a bank equivalent of $424,000 .

a- Please show the journal entries required on 31 December 2019.

b- Show the journal entries required on February 1, 2020.

c- If these bonds were sold on February 1, 2020 for $418.000 show the journal entries.

On 12/31/2020, Heaton Industries Inc. reported retained earnings of $275,000 on its balance sheet, and it reported that it had $172,500 of net income during the year. On its previous balance sheet, at 12/31/2019, the company had reported $555,000 of retained earnings. No shares were repurchased during 2020. How much in dividends did Heaton pay during 2020?

elect the correct answer.

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Green Company sells its product for $11100 per unit. Variable costs per unit are: manufacturing, $5600; and selling and administrative, $125. Fixed costs are: $51000 manufacturing overhead, and $61000 selling and administrative. There was no beginning inventory at 1/1/18. Production was 34 units per year in 2018–2020. Sales were 34 units in 2018, 30 units in 2019, and 38 units in 2020. Income under absorption costing for 2020 is

On September 1, 2019, the entity bought the bonds belonging to the private sector with a nominal value (par value) of $400,000 with an annual interest payment of 12% through the bank. The related bonds were sold on February 1, 2020 with a bank equivalent of $424,000 .

a- Please show the journal entries required on 31 December 2019.

b- Show the journal entries required on February 1, 2020.

c- If these bonds were sold on February 1, 2020 for $418.000 show the journal entries.

Waterway Industries includes one coupon in each bag of dog food it sells. In return for eight coupons, customers receive a leash. The leashes cost Waterway $3 each. Waterway estimates that 50 percent of the coupons will be redeemed. Data for 2020 and 2021 are as follows:

The premium liability at December 31, 2020 is

$44375.

$50625.

$66375.

$54375.