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(a)
Case summary:The federal agencies were charged by the Congress related to the regulation of total working hours of commercial motor operators. FMCSA agency revised the regulations in 2003 and increase the daily and weekly working hours for motor vehicle operators. The decision taken by FMCSA agency didn’t consider the major impact on driver’s health. Due to this, the revisions done by agency were overturned. In response, FMCSA issued a public notice and open the revisions for public comment for further improvement. FMCSA agency also analyzed the risk of crash and its corresponding cost for the industry due to driver fatigue under different circumstances. The agency concluded that the safety benefits of not increasing the drivers working hours were less than the total economic costs. In response, FMCSA issued regulations that were identical to the previous version.
To find: The disclosure of the new methodology sooner by the agency will be ethical.
(b)
Case summary:The federal agencies were charged by the Congress related to the regulation of total working hours of commercial motor operators. FMCSA agency revised the regulations in 2003 and increase the daily and weekly working hours for motor vehicle operators. The decision taken by FMCSA agency didn’t consider the major impact on driver’s health. Due to this, the revisions done by agency were overturned. In response, FMCSA issued a public notice and open the revisions for public comment for further improvement. FMCSA agency also analyzed the risk of crash and its corresponding cost for the industry due to driver fatigue under different circumstances. The agency concluded that the safety benefits of not increasing the drivers working hours were less than the total economic costs. In response, FMCSA issued regulations that were identical to the previous version.
To explain: The unethical behavior of an agency to manipulate the data.
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- General Accountingarrow_forwardThe F Company sold the land for $86,000 in cash. The land was originally purchased for $56,000, and at the time of the sale, $17,000 was still owed to First National Bank on that purchase. After the sale, The F Company paid off the loan to First National Bank. What is the effect of the sale and the payoff of the loan on the accounting equation? 1. assets increase by $20,000; liabilities decrease by $15,000; owner's equity increases by $5,000. 2. assets increase by $60,000; liabilities decrease by $15,000; owner's equity increases by $20,000. 3. assets increase by $13,000; liabilities decrease by $17,000; owner's equity increases by $30,000. 4. assets increase by $20,000; liabilities decrease by $15,000; owner's equity increases by $35,000. I want answer to this accounting questionarrow_forwardFinancial Accountingarrow_forward
- The F Company sold the land for $86,000 in cash. The land was originally purchased for $56,000, and at the time of the sale, $17,000 was still owed to First National Bank on that purchase. After the sale, The F Company paid off the loan to First National Bank. What is the effect of the sale and the payoff of the loan on the accounting equation? 1. assets increase by $20,000; liabilities decrease by $15,000; owner's equity increases by $5,000. 2. assets increase by $60,000; liabilities decrease by $15,000; owner's equity increases by $20,000. 3. assets increase by $13,000; liabilities decrease by $17,000; owner's equity increases by $30,000. 4. assets increase by $20,000; liabilities decrease by $15,000; owner's equity increases by $35,000arrow_forwardPlease give me answer general accounting questionarrow_forwardGeneral Finance Question Solution Please with calculationarrow_forward
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