Answer: B) economic responsibilities toward its shareholders
Explanation:
The primary purpose of a company is to maximize shareholder wealth. This means that it is to pursue strategy that would ensure the maximum return to its shareholders. This is also known as its economic responsibility towards shareholders.
Producing xylene-free paints reduces the dividends that are going to shareholders so it would seem that shareholder wealth is not being maximized and they are not getting the maximum return they could get so the company is violating its economic responsibilities towards shareholders. It is for a good cause though.
Answer:
B
Explanation:
Tell the site coordinator what she heard, so he can immediately remove Jim from the site and report the incident using the external referral process by sending an email to [email protected] because he has violated the Volunteer Standard of Conduct.
Answer:
Correct option is 02.
Explanation:
Cost of finished goods inventory = Work in process beginning + Direct material, Direct labor and Manufacturing overhead - Work in process ending
= 68,000+450,000-86,000
= $432,000
Hence, the journal entry on December 31, will be as under:
Date General Journal Debit Credit
December 31 Finished goods inventory $432,000
Work in process inventory $432,000
