Thornton Transport Company divides its operations into four divisions. A recent income statement for its West Division follows: THORNTON TRANSPORT COMPANY West Division Income Statement for the Year 2019 Revenue $ 660,000 Salaries for drivers (510,000) (66,000) (86,000) (56,000) Fuel expenses Insurance Division-level facility-sustaining costs Companywide facility-sustaining costs (146,000) Net loss $(204,000) Required a. By how much would companywide income increase or decrease if West Division is eliminated? Should West Division be eliminated? b. Assume that West Division is able to increase its revenue to $750,000 by raising its prices. Determine the amount of the increase or decrease that would occur in companywide net income if the segment were eliminated. Should West Division be eliminated if revenue were $750,000? c. What is the minimum amount of revenue required to justify continuing the operation of West Division?

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Corporate Ethics

Ethics refers to the moral values and principles that guide an individual. Corporate ethics refers to the moral behavior of a company and its employees while conducting business. Business ethics is another name for corporate ethics. Business ethics reflects the purpose of doing the business. Business ethics is the distinction between what is right and wrong in the workplace and the selection of the right set of actions. Every corporate entity follows business ethics to a large extent in order to survive and compete successfully in the market. Corporate entities that strictly adhere to business ethics gain the trust of their stakeholders and thus gain more customers. An organization follows compliance, i.e., following certain business policies, rules, procedures, and practices to deal with the problem arising from the business environment. Business ethics also ensures that they meet compliance requirements as it was connected with the activities of an organization.