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3 years ago

1. HOW DO ETHICS AND MORALS INFLUENCE PERSONAL AND COMMUNITY VALUES?

1 answer:

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1. It is said that the behavioral patterns can be changed or shaped only when we are young and the pace of change or the ability to change reduces with age. Ethics and morals are something that get transferred across generations from a very young age.

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ErgoWorld Inc. manufactures office furniture. The company is considering adopting a modular production system. A modular system

kari74 [83]

Answer: D. customers have heterogeneous demands which are expected to be met in a cost-effective way.

Explanation:

The options are:

A. most customers are likely to agree on a single product configuration.

B. customers prefer to upgrade their products by replacing their entire system.

C. customers are willing to pay a premium price for extreme customization and personalization.

D. customers have heterogeneous demands which are expected to be met in a cost-effective way.

Modular production system refers to a production system whereby the workers set their own standards and then work together for production purpose.

Based on the scenario given, a modular system would offer greater value to ErgoWorld when the customers have heterogeneous demands that are expected to be met in a cost-effective way.

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3 years ago

When using the specific identification inventory method, cost of goods sold equals the ______.

Elenna [48]

When using the specific identification inventory method, the cost of goods sold equals the "revenues from the goods sold."

This is because the specific identification inventory method calculates each unit of n item in an inventory from when it enters the inventory until it leaves it.

The specific identification inventory method is used by many industries such as automobiles, furniture, jewelry, etc.

This method is mostly used when each unit of items can be specified easily, either through serial number, stamped receipt date, or other means of identification.

Hence, in this case, it is concluded that the specific identification inventory method is a good method to use in certain industries.

Learn more here: brainly.com/question/15896939

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3 years ago

Read 2 more answers

Blago Wholesale Company began operations on January 1, 20X1, and uses the average cost method in costing its inventory. Manageme

Shkiper50 [21]

Answer:

net income for 20x2 is $220,000

Explanation:

if the company changes to the FIFO method, the adjusting entry should be:

Dr Inventory 15,000

Cr Cost of goods sold 15,000

This means that COGS will decrease by $15,000.

20x2 income statement

Sales $1,200,000

Cost of goods sold <u>($705,000)</u>

Gross profit $495,000

S&A expenses <u>($275,000)</u>

Net income $220,000

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3 years ago

Marlon wants to save money over a long period of time. He does not need to have easy access to the money, and he is worried abou

Svetlanka [38]

Answer:

A. Bonds.

Explanation:

I majored in Business

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3 years ago

AAA's inventory turnover ratio is 20.00 based on sales of $28,400,000. The firm's current ratio equals 4.16 with current liabili

marissa [1.9K]

Answer:

= 17.15 days (approx)

Explanation:

Given:

inventory turnover ratio = 20

Current ratio = 4.16

Current liabilities = $820,000.

Cash and Marketable securities = $657,096

Net sales = $28,400,000

Per day sale = ?

Calculation:

Current ratio = Current assets / current Liabilities

4.16 = Current assets / $820,000

4.16 x $820,000 = Current assets

$3,411,200 = Current assets

Inventory turnover ratio = Net sales / Average Inventory

20 = $28,400,000 / Inventory

$28,400,000 / 20 = Inventory

$1,420,000 = Inventory

Average Receivable = current assets - Cash and Marketable securities -Inventories

= $3,411,200 - $657,096 - $1,420,000

Average Receivable = $1,334,104

Outstanding daily sales = (Average receivables / Net sales )Number of days in a year

= $1,334,104 / $28,400,000)365

= 17.15 days (approx)

4 0

3 years ago