All unethical behavior is criminal. True or False

When developing baseline standards, it is vital to use industry best practices. Industry best practices standards enable one to

Trava [24]

Answer: True

Explanation: There is always that opportunity to perfect existing industry standards and several analysis would have already be done which saves you a great deal of financial stress and a possible loss.

7 0

4 years ago

The balance sheet of Hidden Valley Farms reports total assets of $450,000 and $550,000 at the beginning and end of the year, res

hoa [83]

Answer:

Hidden Valley's Asset Turnover = 1.6

Explanation:

Average Total Asset = (Total Assets at the beginning of the year + Total Assets at the end of the year)/2

Average Total Asset = (450,000+550,000)/2

Average Total Asset = 1,000,0000/2 = 500,000

Asset Turnover = Net Sales / Average Total Asset

Asset Turnover = 800,000/500,000

Asset Turnover = 8/5

Asset Turnover = 1.6

7 0

4 years ago

Read 2 more answers

Diamond Company has three product lines, A, B, and C. The following financial information is available:

grin007 [14]

,Answer:

See below

Explanation:

A B C

Sales revenue

$70,000 $145,000 $32,000

Variable costs

($42,000) ($77,000) ($20,000)

Contribution margin

$28,000 $68,000 $12,000

Fixed costs

Operating income loss

The total operating income is

= $16,700 + $34,500 + ($950)

= $50,250

Should the fixed cost of C be eliminated, the operating income/(loss) of C

= $6,000 - $950

= $5,050

This is the net increase in the total operating income

3 0

3 years ago

A portfolio manager liked a new product that included a swap, a financial derivative. Since he had the authority, he proceeded w

xxMikexx [17]

Answer:

b . task significance

Explanation:

As the portfolio manager proceeded a new product swap without asking any other departments due to which back-office became upset with the difficulty of handling that product, this team approach must be improved communication which eliminate the unawareness regarding new product adopted by an organization and Task Significance which is very beneficial for measuring of impact that determines an amount to which an employee’s assessable and identifiable duty affects tasks of different employees within or outside the organization.

6 0

3 years ago

Portsmouth Company makes upholstered furniture. Its only variable cost is direct materials. The demand for the company's product

Mariana [72]

Answer:

1. $55 per hour

2. $41 per hour

3.Yes

Explanation:

1. Calculation to determine how much of an overtime premium per hour should the company be willing to pay.

Selling price per unit $ 1,750

Less Variable cost per unit ($1,200)

Contribution margin per unit (a) $ 550

Upholstery shop time required to produce one unit (b) 10 hours

Contribution margin per unit of the constrained resource (a) ÷ (b) $55 per hour

($550/10 hours)

Therefore the Maximum overtime premium per hour will be $55 per hour

2. Calculation to determine How much additional contribution margin per hour can Portsmouth earn

First step is to calculate the Contribution margin per unit of the constrained resource

Selling price per unit $ 1,190

Less Variable cost per unit ($850)

Contribution margin per unit (a) $ 340

Upholstery shop time required to produce one unit (b) 4hours

Contribution margin per unit of the constrained resource (a) ÷ (b) $85 per hour

($340/4 hours )

Now let calculate The additional contribution margin per hour earned by hiring the nearby company

Additional contribution margin per hour earned= $85 – $44

Additional contribution margin per hour earned= $41 per hour

Therefore The additional contribution margin per hour earned by hiring the nearby company will be $41 per hour

3. Yes . Portsmouth should hire the nearby upholstering company reason been that Portsmouth will earn an additional contribution margin of $41 per hour by hiring the nearby company

6 0

3 years ago