Answer:
Confirm decision with FASB.
Explanation:
An ethical issue is any situation where a person or an organisation has to make a decision if a situation is ethical or not.
Steps to examining ethical issues includes;
1. Recognise the ethical issue
2. Establish the facts of the situation.
3. Recognise the values the ethical issue violated
4. Recognise alternative course of action.
5. Make a decision.
6. Evaluate each course of action.
I hope my answer helps you
Answer:
The answer is $11 per unit.
The standard cost card for this product would show a cost per unit of $11.
Explanation:
The workings are attached.
The formula used is as follows:
<u>Standard cost per unit of a product = direct material per unit + direct labor per unit + variable overhead per unit + fixed overhead per unit.</u>
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The Profit margin that must be achieved is 12.74%.
<h3 /><h3>Profit margin </h3>
First step
Return on equity= Growth rate /(1 + Growth rate) × Retention ratio
Return on equity=12.8% / (1 + 12.8%) × (100%-40%)
Return on equity= 0.128/(1 +0.128) × 0.60
Return on equity= 0.128/1.128 × 0.60
Return on equity= 0.128/0.6768×100
Return on equity= 18.91%
Second step
Now the profit margin is:
Profit margin= ROE / Asset turnover × Equity Multiplier
Profit margin= 18.91% / {(1/.94) × 1.4}
Profit margin= 0.1891 / 1.06 × 1.4
Profit margin= 12.74%
Inconclusion the Profit margin that must be achieved is 12.74%.
Learn more about profit margin here:brainly.com/question/19131774
Answer:
The correct answer is the option D: Yes, if the old steering wheel would have damaged the boat.
Explanation:
To begin with, in the case presented Joel's brother seems to be quite pleasent with the fact that Joel is repairing the boat once year so that means that he does not need to take the boat in for regular maintenance so therefore that he saves money due to the work done by Joel. That is the reason why if the steering wheel would have damaged the boat if it was not replaced then the cost that Joel's brother would have paid in order to repair all the damaged done by the wheel would have been much greater than just the cost of the steering wheel itself. Moreover, it is quite understood that they both had a tacit agreement that has been there for many years so therefore that Joel's brother must pay him otherwise, plus if the new wheel improves the value of the boat as well.