Answer:
Professional codes of conduct draw on these professional ethical principles as the basis for prescribing required standards of behaviour for members of a profession. They also seek to set out the expectations that the profession and society have of its members.
Answer:
c. number of labor hours
Explanation:
The direct labor hours metric can estimate the amount of time the manufacturing capacity was used for each product.
Consider the bulk unit number is not a good metric because; the products aren't homogeneous and use different quantities of materials.
Also, the direct equipment cost cannot be linked to production. The depreciation of the equipment is an overhead cost, not a cost driver.
Answer:
5.83 times
Explanation:
The computation of the Gamble's inventory turnover is given below:
As we know that
Inventory turnover = Cost of goods sold ÷ (ending inventory + opening inventory) ÷ 2
= $700,000 ÷ ($140,000 + $100,000) ÷ 2
= $700,000 ÷ $120,000
= 5.83 times
Answer:
The population of Arizona grows by 20%.
(Demand will shift as a result of population increase, more people will be buying wheat).
A drought in Kansas makes people behave that the price of wheat breed will increase in a couple of months. (The fear of the drought will make people want to hoard and they will engage in panic buying of wheat bread).
As people become more health conscious, they discover the benefits of whole wheat as a part of their diet. (Due to health conciousness more people will buy more wheat).
Explanation:
Demand shift occurs as a result of other factors except for price. When demand shifts to the right there is an increase in quantity demanded.
If demand shifts to the left there is reduction in quantity demanded.
The attached diagram illustrates demand shift to the right.