Answer:
$1.20
Explanation:
Variable cost per pillar is $0.80, there is demand of pillar for 15000 by an outside customer. The selling cost is around $0.40. The total variable cost is $1.20, this is minimum transfer price that can be set by the supplier.
Answer: E. relies upon an explicit mission statement that defines the core values of the firm.
Explanation: The focus of the Value-Based Ethical Culture is on values such as trust, transparency, and respect. the idea that people learn ethical or unethical behavior while interacting with others who are part of their role-sets or belong to other intimate personal groups.
Value-Based Ethics Culture. Approach to Ethical Corporate Culture that relies upon an explicit mission statement that defines the core values of the firm and how customers and employees should be treated.
Answer:
Net income = $688
Explanation:
If Nu elects FIFO, we have:
Cost of good sold = Cost of goods available for sale - Ending inventories = 2,490 - 1,260 = $1,230
Gross profit = Net sales - Cost of good sold = 2,870 - 1,230 = $1,640
Net operating income = Gross profit - Operating expenses = 1,640 - 780 = $860
Tax = $860 × 20% = $172
Net income = $860 - $172 = $688
