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3 years ago

A code of conduct ________. select one:

Business

1 answer:

natta225 [31]3 years ago

8 0

A code of conduct gives employees guidance on how to handle themselves in challenging ethical situations

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Brian lives in Chicago and runs a business that sells pianos. In an average year, he receives $793,000 from selling pianos. Of t

umka21 [38]

Answer:

Brian

1. Implicit and Explicit Costs:

Implicit costs:

The rental income Brian could receive if he chose to rent out his showroom

The salary Brian could earn if he worked as a financial advisor

Explicit costs:

The wages and utility bills that Brian pays

The wholesale cost for the pianos that Brian pays the manufacturer

2. Brian's accounting and economic profit of his piano business:

Accounting profit = $62,000

Economic profit (loss) = ($3,000)

Explanation:

a) Data and Calculations:

Accounting Profit Economic Profit

Sales Revenue $793,000 $793,000

Cost of pianos 430,000 430,000

Wages and utility bills 301,000 301,000

Implicit (Opportunity) Costs:

Rent 15,000

Salary as an accountant 50,000

Total costs 731,000 796,000

Profit (loss) $62,000 ($3,000)

b) Implicit costs are opportunity costs. They include the costs that arise from forgone benefits when another opportunity is taken instead of the other. Explicit costs are costs that are actually incurred by taking an opportunity.

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2 years ago

Which of the following statements is FALSE?A) As the enterprise value represents the entire value of a firm before the firm pays

hammer [34]

Answer:

The false statement is letter "A": As the enterprise value represents the entire value of a firm before the firm pays its debt, to form an appropriate multiple, we divide it by a measure of earnings or cash flows after interest payments are made.

Explanation:

Indeed, the value of a firm represents its value before deducting what the company owes. Though, in order to calculate the correct multiple, specialists tend to divide the debt by a measure of income or cash flows before interest payments go through.

6 0

3 years ago

"When people act contrary to their self-perceptions as reasonable and sensible people, they experience a feeling known as ______

blondinia [14]

Answer:

The answer is letter D. Cognitive Dissonance

Explanation:

When people act contrary to their self-perceptions as reasonable and sensible people, they experience a feeling known as _cognitive dissonance_______.

7 0

3 years ago

The Constitution expressly grants which of the following powers to Congress? a. to receive ambassadors b. to appoint judges c. t

lbvjy [14]

Answer:

d. to regulate interstate commerce

Explanation:

The United States Constitution has the commerce clause in Article 1 Section 8 which allows the Congress to control the commerce with other nations and among the states.

According to this clause, the Congress can regulate the commerce that takes place between states and because of that, the answer is that the Constitution expressly grants the power to regulate interstate commerce to Congress.

3 0

2 years ago

Making journal entries Assume that during the month of April the production report of Austin Adhesives, Inc., in E8-10 revealed

Alex_Xolod [135]

Missing Information:

The normal capacity of is 40,000 direct labor hours and 20,000 units per month. A finished unit requires 6 lb of materials at an estimated cost of $2 per pound. The estimated cost of labor is $10.00 per hour.

Answer:

Raw materials Inventory 260,000 debit

D:M price variance 2,600 debit

Account Payable 257,400 credit

--to record the purchase ---

WIP-Inventory 248,000 debit

DM quality variance 2,000 debit

Raw materials Inventory 250,000 debit

--to record requisition of materials--

WIP-Inventory 420,000 debit

D:L rate variance 1,640 debit

Wages Payables 411,640 credit

DL efficiency variance 10,000 credit

--to record the charge of labor into WIP--

Explanation:

130,000 pounds x $1.98 (actual) = $257,400‬

130,000 pounds x $2.00 (standard) = $260,000

variance 2,600 favorable

Quantity Variance:

actual: 125,000 x $2 = 250,000

standard: 21,000 x 6 = 124,000 pounds x $2 = 248,000

variance: 2,000 unfavorable

41,000 hours x $10.04 each = $411,640

41,000 hours x $10.00 each = $410,000

rate variance 1,640 unfavorable

efficiency variance:

21,000 x 2 hours = 42,000 hours x $10 = 420,000

actual 41,000 x $10 = 410,000

favorable 10,000

6 0

3 years ago