Dots should recognize revenue on February 25th
The revenue recognition principle states that a company's revenues are recognized when the service or product is delivered to the customer, rather than when the cash is received. Determining what constitutes a transaction may take more time and analysis than expected.
Revenue recognition is a commonly accepted accounting principle (GAAP) that specifies how and when revenue should be recognized.
According to the revenue recognition principle of accrual accounting, revenues are recognized when they are realized and earned, not when cash is received.
ASC 606, the revenue recognition standard, establishes a consistent framework for recognizing revenue from customer contracts.
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the market equilibrium is found at the: question 21 options: a) price where quantity supplied exceeds quantity demanded. b) price where quantity demanded equals quantity supplied. c) price where quantity demanded exceeds quantity supplied. d) highest price the market will bear.
The market equilibrium is found at the price where quantity supplied exceeds quantity demanded. Market pricing is the outcome of the relationship between supply and demand.
The forces of supply and demand are balanced at an equilibrium price. Prices tend to stabilise at this level unless specific supply or demand characteristics change. It is essential to comprehend the product's market equilibrium price when running a business. Controlling supply and demand is essential for reducing costs and increasing revenues. Market equilibrium frequently happens naturally. The supply and demand of a good are, in theory, balanced in a free market, leading to constant prices.
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a firm has a market value of assets of $50,000. it borrows $10,000 at 5%. if the unlevered cost of equity is 15%, what is the firm's cost of equity capital? a) 17.5% b) 18.5% c) 19.2% d) 20.6%
The Firm's cost of equity capital is 17.5%
Given in the Question:
Market value of assets = $50.000
Debt = $10,000
Cost of debt = 5%
Unlevered cost of equity = 15%
Then, we'll calculate equity:
= Market value of assets - Debt
= $50000 - $10,000
= $40,000
Then, the formula of cost of equity capital will be:
= Unlevered cost of equity + [(Debt/equity) x (Unlevered cost of equity - Cost of debt)]
= 15% + [($10,000/$40,000) x (15% - 5%)]
= 15% + [0.25 x 10%]
= 15% + 2.5%
= 17.5%
Hence, the cost of Firm's equity capital is 17.5%.
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the distinctive color, furniture, labels, logos, and employee uniforms that might be used by a company are known as its:
A color scheme will never be protected by a trademark.A company's distinctive color, furniture, labels, logos, and employee uniforms are known as its:a brand name.
What is a trademark?
Any word, phrase, symbol, design, or combination of these that identifies your products or services is considered a trademark.It is how customers distinguish you from your rivals and recognize you in the market.Trademarks and service marks can both be referred to as "trademarks."
What is a trademark or copyright?
A trademark protects items that distinguish one company from another, whereas a copyright protects original works.A trademark is established by common use of a mark in the course of business, whereas copyright is generated automatically upon the creation of original work.
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frolic corporation has budgeted sales and production over the next quarter as follows: julyjuly augustaugust september september sales in units sales in units 47,000 59,000 ? production in units production in units 47,500 59,300 63,650 the company has 5,400 units of product on hand at july 1. 10% of the next month's sales in units should be on hand at the end of each month. october sales are expected to be 78,500 units. budgeted sales for september would be (in units):
The budgeted sales for September are 62,000 Units.
Budgeted Production in Units, September = Budgeted Sales, September + Desired Ending Inventory - Beginning Inventory
Desired Ending Inventory, September = October Sales * 10%
Desired Ending Inventory, September = 78,500 *10% = 7,850 Units
Let the September Sales be "x" units
Beginning Inventory, September = x * 10% = 0.10x
63,650 = x + 7,850 - 0.10x
55,800 = 0.90x
X = 62,000 Units
Therefore, the budgeted sales for September are 62,000 Units.
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7. Jannah is reviewing a report that a new marketing manager put together after assessing her small business. If Jannah wants to learn how familiar a custo
what section of the marketing report should she review?
To learn how familiar a customer is to the company, Jannah must look at the leads section of the marketing report.
What is a marketing report?It consists of a document through which an organization can visualize its performance over a period of time, through the analysis of data and information about the company's actions and strategies to achieve objectives and goals in the market.
Through qualitative and quantitative reports related to communication and sales, for example, the company is able to make more significant decisions about its strategy, with evaluations and corrections that will contribute to continuous improvement and positioning in the market.
So leads could be the section that Jannah would review to identify a potential customer, as this data significantly demonstrates an individual who engages with the company's business and can be turned into a customer.
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what is the defence of set off and why is it important in the context of an assignment of contractual rights? (2 marks)
Setoff cannot be used as an affirmative defense or to obtain affirmative relief.
The affirmative setoff defense may only be used defensively, and it does not allow recovery of the damages sought to be offset against the recovery of the opposing party, according to precedent established by the California Supreme Court.
The term "setoff" describes a creditor's legal ability to subtract a debt owing to a debtor from a claim the debtor faces due to a different transaction. Recoupment, as opposed to indemnification, demands that the claims be based on the same transaction.
The Bankruptcy Code acknowledges and upholds rights granted under non-bankruptcy law rather than establishing a new body of law that permits setoff or recoupment. To set off or reclaim a debt, a creditor must show both a claim and a legal basis under local, state, or federal law.
Recoupment and setoff are examples of affirmative defenses or counterclaims. The distinction is meaningless outside of bankruptcy.
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a sales manager notices that all the accounts in one particular geographic territory have reduced their orders by 15%. she researches the issue and discovers that government funding in that state has been cut by 15%. when the manager begins to look for a way to increase sales despite the funding cuts, she is engaging in which managerial activity?
So we've discovered an issue, and we need to figure out how to solve it through increasing revenue. So seeking for a strategy to solve a problem is the core managerial function.
Revenue is the money created by routine business activities, computed as the average sales price multiplied by the number of units sold. It is the top line (or gross income) figure from which costs are reduced to determine net income. On the income statement, revenue is sometimes referred to as sales. Revenue, often known as sales or the top line, is the money earned through routine corporate operations. Operating income is defined as revenue less operating expenses. Non-operating revenue is derived from secondary sources and is occasional or nonrecurring.
Non-commercial entities such as governments, nonprofits, and individuals also declare revenue, albeit the formulas and sources differ. Revenue is simply the selling profits, whereas income or profit includes the expenses incurred in order to create revenue and declare net earnings.
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If the democrats maintain control of the house, what will the consequences be for the issue of the economy?.
Democrats pursue an economic agenda that aids in the creation of well-paying jobs for Americans and guarantees that workers have the resources necessary to not just make ends meet but also advance in the global economy.
Democrats and Republicans agreed that the United States should continue to be the world's primary supplier of agricultural products. They supported maintaining the country's agricultural-based economy.
The Democratic Party, whose emblem is a donkey, is typically associated with left-leaning, liberal, and progressive ideological ideas. As a result, it supports strong government regulation of business and support for American citizens. Thus, Democrats emphasize social responsibility as one of their core ideals.
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Suppose that an economy with flexible wages and prices is in long-run equilibrium when the central bank contracts the money supply. What is the long-run effect on real output in the economy?.
The long-run effect of a contraction in the money supply is a decrease in real output in the economy. This is because a contraction in the money supply leads to higher interest rates, which in turn leads to a decrease in investment and consumption spending in central banks.
A decrease in spending leads to a decrease in aggregate demand supply because it represents a decrease in the amount of money that people are willing to spend on goods and services. This decrease in demand leads to a decrease in real output because businesses produce less when there is less demand for their products.
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what type of change involves the implementation of a different business or cultural path for an organization?
Organizational change involves the implementation of a different business or cultural path for an organization.
Why is it vital for organizations to change?Organizational change is the process through which a firm or business changes a key aspect of its structure, such as its culture, the operational infrastructure or supporting technologies, or its internal procedures. Many beneficial effects of change in an organization help you maintain your competitive advantage and remain relevant in your industry.
Project capabilities, customers, leadership, competitiveness, culture, teamwork, and change preparedness are just a few of the organizational aspects that might affect business transformation initiatives. They range from the need to increase quality, productivity, or profitability to disruptive technologies and shifting market conditions.
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which of the following features make stretch targets feasible? a.the targets are set at desired levels for 20 years to ensure long-term performance. b.the measures are linked by causal relationships. c.the targets are set in isolation by top management. d.the measures are based on currently attainable standard costs.
Option "D"
Business strategy addresses the strategic choices made regarding the selection of a product, a competitive advantage, customer happiness, etc. Therefore, any option is appropriate.
3.) The learning and growth approach does not rely heavily on customer attributes.
Option 'B', 4.
Theoretical Annual Capacity / Available Production Hours equals units per hour.
= 9,000 / 3,000
= 3 hours per unit
Actual Cost Per Unit / 3 Units Per Hour is the ideal conversion cost per unit.
= $11 per unit (33/3).
What is Theoretical Annual Capacity ?
The quantity of throughput that could be achieved if a production facility was able to operate continuously at its highest efficiency level is known as theoretical capacity. Since theoretical capacity is so difficult to achieve in practise, it shouldn't be used for planning or bonus compensation.
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what is the eventual effect on real gdp if the government increases its purchases of goods and services by $60,000? assume the marginal propensity to consume (mpc) is 0.75.
The eventual effect on real GDP if the government increases its purchases of goods and services by $60,000 will be $240,000.
The total monetary or market value of all the finished goods and services produced within a nation's boundaries during a certain time period is known as the gross domestic product (GDP). It serves as a thorough assessment of the state of the economy in a particular nation because it is a wide indicator of total domestic production. Even while GDP is frequently estimated on a yearly basis, it can also be calculated quarterly.
The eventual effect on real GDP of an increase in government purchases is the initial increase times the multiplier. The multiplier is
multiplier = 1 / (1−MPC)
where MPC is the marginal propensity to consume. The MPC is the fraction of an additional dollar consumers spend and 0.75 in this question. The eventual effect of the $60,000 increase is
$60000.0 × multiplier = $60000.0 × 1 / (1 − 0.75) = $60000.0 × 4 = $240000
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mackenzie company sold $480 of merchandise to a customer who used a regional bank credit card. regional bank charges a 4.0% fee for sales on its credit cards. the journal entry to record this sales transaction would be:
If regional bank charges a 4.0% fee for sales on its credit cards. the journal entry to record this sales transaction would be: Debit Cash $460.80, Debit Credit Card Expense $$19.20, Credit Sales $480
How to prepare journal entry?If the company sold merchandise of the amount of $480 to customer in which the bank charges 4%. The appropriate journal entry to record this transaction is:
Debit Cash $460.80
Debit Credit Card Expense $$19.20
($480 × 4%)
Credit Sales $480
(To record credit card expense)
Therefore the entry is to debit cash, debit credit card and credit sales.
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in 2004, approximately 5 million cars and trucks were classified as flex-fuel, which means they could run on gasoline or ethanol. in 2009, that number increased to about 8 million. how many more cars and trucks were flex-fuel in 2009
3 million cars more and trucks were flex-fuel in 2009.
What is flex-fuel?A flexible-fuel vehicle, also known as a dual-fuel vehicle, is an alternative fuel car with an internal combustion engine that can run on more than one fuel. Typically, this fuel is a gasoline blend with either ethanol or methanol, and both fuels are kept in the same common tank.
when using high-ethanol fuel, cleaner emissions. reduction in reliance on oil and oil prices. being able to purchase new or secondhand without having to pay a premium price. it might enable you to save money when gas prices are higher.
It can last for years or just last for three months before going bad. Numerous elements, including: The amount of moisture in the air, affect how long it lasts. how well-sealed the gasoline system is.
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Which of the following terms refers to a meeting in which the salesperson offers a sales proposal to a prospective buyer?a. Sales proposalb. Sales presentationc. Sales offerd. Negotiation
A sales presentation is the terms refers to a meeting in which the salesperson offers a sales proposal to a prospective buyer.
The shop clerk is accountable for greeting customers, assisting them to locate gadgets in the shop, and ringing up purchases. To achieve success as a shop clerk you ought to have tremendous verbal exchange competencies. an excellent shop clerk meets sales targets whilst remaining well-mannered and useful to clients.
An awesome salesperson has extra to provide clients than an interesting pitch —they're enthusiastic people with resilience and they take some time to get to understand their clients' wishes, display empathy, and deal in a product in confidence.
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Travis is employed in a logistics company. How can he best avoid workplace hazards?
A.
by staying seated at his desk
B.
by avoiding hazardous work
C.
by wearing safety goggles
D.
by maintaining an uncluttered workplace
E.
by wearing comfortable clothes
By maintaining an uncluttered workplace is best avoid workplace hazards. Based on the unique needs of the customer, a logistics business manages and streamlines numerous procedures of moving goods from the place of origin to the site of company consumption.
Including warehousing and transportation. The evolution of logistics has been significantly aided by businesses like UPS and FedEx. These businesses are able to move products from their point of origin, store them, and package them. From the standpoint of a single company workplace, logistics deals with the movement of supplies and things that company receives and handles internally as well as the transportation of those materials and goods to a client.
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Who is most likely to be treated with deference, such as always getting the best seat in the conference room during meetings? question 1 options: vice president of sales sales rep sales assistant sales manager
Vice president of sales is most likely to be treated with deference, such as always getting the best seat in the conference room during meetings.
Deference, or speaking with respect and concern for those who are older or, in some other way, hold a position of authority over you, is referred to as this.
Depending on how closely connected the parties are, the respect may be formal or informal. Formal language and terminology are employed with formal deference. In casual deference, less formal language is always employed, but with respect.
When I need to address someone who is in a higher social or professional position than me, such as professors, medical lawyers, or my boss, among others, I use formal deference. I also show this kind of respect to senior folks who I don't intimidate by always addressing them as Mr. and Mrs.
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what monopolositc competitors demand curve is more elasticticity than a pure competitor or a pure monopolouist
The demand curve of a monopolistic competitor is more elastic than that of a pure rival and less elastic than that of a pure monopolist. In contrast to a monopoly where there are no near replacements, a monopolistically competitive firm's demand curve is substantially more elastic since substitutes exist.
Does monopolistic competition have an elastic demand curve?In monopolistic competition, a firm's demand curve is downward sloping, as opposed to perfect competition, in which the firm's demand curve is fully elastic. This is because businesses have the power to raise prices without alienating their whole customer base. A monopolistic competitor faces a downward-sloping demand curve, not a flat one, which allows it, like the monopoly, to raise prices without completely losing market share.
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describe the use of personalization and customization in e-commerce. what business value do these techniques have?
Personalization in e-commerce encourages client loyalty. They are more likely to display their loyalty and stick with your brand in comparison to the competition.
They are more likely to display their loyalty and stick with your brand in comparison to the competition if you continually demonstrate that you understand what is expected of your brand and how to deliver the experiences they want.
Because personalization enables your business to better meet consumer needs and improve the quality of their buying experience, it improves the customer experience.
Through personalization, businesses can keep track of consumer preferences and direct them to the exact location they desire from the moment they step foot inside your establishment. A few examples of how personalisation enhances the customer experience include highlighting the products they will want to see, saving payment information for easy access, and informing them of upcoming deals they will be most interested in.
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singh company reports a contribution margin of $960,000 and fixed costs of $720,000. (1) compute its income. (2) compute its degree of operating leverage. (3) if sales increase by 15%, what amount of income is expected?
The company reports a contribution margin of $960,000 and fixed costs of $720,000.compute its degree of operating leverage.
Operating leverage is a cost formula that measures the extent to which a company or project can increase operating profit by increasing sales. Companies with high gross margins and low variable costs have high operating leverage.
Operating leverage calculations are necessary because they help you understand a reasonable price to cover your costs and make a profit. In addition, it helps businesses understand how effectively fixed cost items such as machinery and inventory can be used to generate profits.
Operating leverage. This means that for every 1% change in the company's earnings, the company's operating profit is expected to change by 1.1%. This number is closer to 1, indicating a lower profit potential and a safer company.
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tobias is a 50% partner in solomon llc, which does not invest in real estate. on january 1, 2022, tobias's adjusted basis for his llc interest is $130,000, and his at-risk amount is $105,000. his share of losses from solomon for 2022 is $150,000, all of which is passive. he has another investment that produced $90,000 of passive income during 2022. (assume there were no distributions or changes in liabilities during the year.) how much of solomon's losses may tobias deduct in 2022 on his form 1040? how much of the loss is suspended and what code provisions cause the suspensions?
Due to his passive activity income, Tobias is eligible to deduct $90,000 on his Solomon loss. Under Section 704, $20,000 of his base is suspended (d). According to Section 465, $25,000 of his loss is suspended.
Tobias's deductible loss is limited by his basis limitation at $130,000. The at-risk regulations then set a cap on his deductible loss at $100,000. His passive activity loss regulations limit his deductible loss to $0 + $90,000 = $ 90,000.
Loss suspension:
1. 704(d) Overall limitation: $130,000 in Deductible Loss $20,000 in Suspended Losses (150,000-130,000)
2. 465 At-risk restriction - $105,000 in deductible losses $25k Suspended Loss (150,000-20,000-105,000)
3. Deductible Loss of $90,000 for Passive Losses under Section 469 $105,000 in suspended losses
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is it true that a company in a perfect competition industry will have a perfectly elastic demand and supply?
The right response is Valid In a completely cutthroat market, merchandise are for the most part thought to be an ideal substitute for individual ventures and firms.
Every time, the demand curve is perfectly elastic. The companies raise the product's cost; As a result, there will be less overall demand.
In perfect competition, is supply perfectly elastic?The demand curve is perfectly elastic for each of the small, independent businesses that participate in a perfectly competitive market, and all goods are regarded as perfect substitutes. These businesses are price takers because there would be no demand for one company's product if it tried to raise its price.
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in providing water tightness to an exterior wall. which strategy(ies) have been proven feasible and more likely to succeed?
The strategy can be used to provide water tightness to an exterior wall is barrier wall approach, sealing every joint/seam in the wall with membranes, sealants, or gaskets regardless of surface conditions or workers' skill level.
There are my different shape of barrier wall systems, but they all serve the same goals — preventing the flow of air, water, and vapor from entering or exiting a building. A barrier wall protects a building from weather often accros the use of a single component. Barrier wall can be used to a system of external wall assembly that maintains weather-tightness by preventing the intrusion of air, water and vapour.
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the clause in a mortgage that terminates the lender's interest when the mortgage is paid in full is known as:
In some home loan contracts, there is a condition called a "defeasance statement" that says the borrower will get the title to the property once the home loan installments are all paid.
A mortgage's acceleration clause allows your lender to accelerate the rate at which your loan's payment terms are calculated.Additionally, the clause may permit your lender to demand full and immediate payment of your mortgage.
What is the distance statement in a home loan?
Clause for alienation.When title to the property is transferred or, in some cases, when possession is changed, this clause enables the lender to demand the entire loan balance that is due.
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in the seasonal and trend forecasting model, the seasons must be the same length. group of answer choices true false
The seasons must have the same length in the seasonal and trend forecasting model, which is untrue.
A season is a division of the year that is based on variations in weather, ecology, and the number of daylight hours in a particular place. Seasons on Earth are caused by the Earth's orbit around the Sun and its axial tilt relative to the ecliptic plane. Seasons are distinguished in temperate and polar regions by changes in the intensity of sunlight that reaches the Earth's surface, fluctuations of which drive animals to hibernate or migrate, and vegetation to become dormant. Various civilizations define the number and type of seasons depending on regional variances, and as a result, the number of seasons differs among present and historical cultures.
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suppose lewis lives in a community with no price controls. what would he expect will happen if his town borders a community where there is a binding price floor on most products?
Option a.) Legal market prices will rise in the community with a binding price and the prices and quantities sold in communities without non-binding price caps will increase to the prices in communities with non-binding prices. and sales volume.
With binding price caps and the prices and quantities sold in communities without non-binding price caps will increase to the prices in communities with non-binding prices. and sales volume. cap.
"Statutory Market Price" means the current price obtained in the ordinary course of business obtained through open bargaining between a buyer and a seller, and may be verified by sources independent of competition or suppliers. Slightly lower demand going out.
Fair market price means a price based on reasonable costs under normal competitive conditions, not the lowest possible cost
Here is the full question -
Suppose Lewis lives in a community with no price control. What would he expect if his town abuts a municipality that mandates lowest prices on most products?
A) Prices increase in legal markets in communities where minimum prices are mandated.
B) Prices will fall in the legal market of the community where minimum prices are mandated. C) A binding minimum price creates a community surplus.
D) More consumers buy products at the lowest prices within the community.
E) His community's black market will be larger than the community's black market with the required minimum price.
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recently, aditya income life offered and annuity that pays 10% compounded annually. if $1,150 is deposited into this annuity at the beginning of every year, how much is in the account after 9 years?
Aditya income life offered and annuity that pays 10% compounded annually. if $1,150 is deposited into this annuity at the beginning of every year, $ 17178.04 is in the account after 9 years.
Formula to determine future amount of annuity due ( when payment deposit in beginning of each period)1+
A = [tex]\frac{p(1+r^{n)-1} (1+r) }{r}[/tex]
where p is periodic deposit amount
r is interest rate per period
n is number of period
n = compounding frequency x time
1x 9 = 9
p = $1,150
r = 10%= 0.10
n= 9
therefore,
A = 1150 [tex](1+ 0.10)^{9}[/tex]-1 (1+ 0.10)/ 0.10
= 1717.803822/0.1
=$ 17178.04
What is annuity?An annuity is a contract between you and an insurance company whereby you make a lump sum or series of payments in exchange for regular payments that begin either immediately or at some point in the future.
There are three main types of annuities:
fixedvariable indexed.Each type has its own risk level and pay-out potential. In all of these, it is often structured as a deferred annuity. An important feature to consider with any annuity is its taxation. Although the balance grows tax-deferred, the payments you receive are subject to income tax.
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question if the monopolist charges a single price for teddy bears, which of the following describes an accurate outcome?
Deadweight loss equals area (e), consumer surplus equals area (a+b)(a+b), producer surplus equals area (c+d)(c+d), and so forth. Option C
What is a monopoly?Generally, however, with a monopoly, there is only one business in the market, therefore firm and market demand are the same.
T or F – A monopoly has the right to set whatever price it wants, and consumers are obligated to pay it.
Monopoly Output: Monopolies produce when marginal income and marginal expenses are equal, but they charge the price indicated by the market demand curve for that amount of production.
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CQ is attched below
which of the following statements is correct? a) ethical conflicts usually arise in trying to serve the needs of separate constituents. b) setting ethical standards is always clear-cut. c) the ethical values of individual employees have no influence on the decisions and actions a business takes. d) setting ethical standards is easy.
a) Ethical Conflicts usually arise in trying to serve the needs of separate constituents.
Ethical Conflicts arise when team members lack unity and share ethical priorities. According to research, only 16% of ethical quandaries are the result of bribery, corruption, or anti-competition issues.
The vast majority of these quandaries are not related to corruption in and of themselves, but rather to one of three factors: competing interests, misaligned incentives, or clashing cultures.
A leader who is asked to lead mergers and acquisitions, reduce staff numbers, or sell large businesses in major markets may face competing interests, which could create an ethical conflicts.
When a company rapidly expands, especially globally, the ethics or interests of one culture may clash with those of another.
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alberto company uses the lower-of-cost-or-market method, on an individual-item basis, in pricing its inventory items. the inventory at december 31, 2019, consists of products d, e, f, g, h, and i. relevant per-unit data for these products appear below. item d item e item f item g item h item i quantity on hand 18 15 10 25 15 30 original cost $75 $80 $80 $80 $50 $36 replacement cost $120 $72 $70 $30 $70 $30 based upon data, what is the balance of merchandise inventory account before application of lcm principle? example of answer: 4000 (no comma, space, decimal point, or $ sign) question 23 options:
The inventory value prior to LCM implementation is $7,180.
An entity uses LCM (lower of cost or market value) when valuing the closing inventory for a time period to reflect the inventory at a lower cost in accordance with the accounting norms applied.
1) Inventory value calculation prior to LCM adoption:
Particulars Item D Item E Item F Item G Item H Item I Total
Quantity (Q) 18 15 10 25 15 30 113
Cost (C) $75 $80 $80 $80 $50 $36
Value (Q * C) $1350 $1200 $800 $2000 $750 $1080 $7180
As a result, the inventory value prior to LCM implementation is $7,180.
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