Sophia’s ethical obligation is to inform Pete about the mistake made in the draft of contract.
<h3>What is an ethical obligation
?</h3>
An ethical obligation refers to a moral requirement to follow a certain course of action.
Hence in this case, Sophia’s ethical obligation is to inform Pete about the mistake made in the draft of contract and correct the same.
<h3>Should she tell him about the mistake? </h3>
Yes, she should tell him because both party in a contract are expected to be transparent and disclose facts to one another.
<h3>What
Life Principles would i apply in this situation?</h3>
I will apply the life principles of transparency.
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Answer: accommodate changes in activity levels.
Explanation:
A flexible budget is refered to as the budget which changes based on the actual activity. It accommodate changes in activity levels.
It is the budget which is allowed to be adjusted as a result of the change in the assumptions that's used in the creation of the budget during the planning process of the management.
Answer:
A. 736 units.
Explanation:
Operating income, also known as Earnings Before Interest and Taxes, is the income that company generates after paying for its manufacturing, operating, and administrative expenses. It is calculated as:
Operating Income = (SP * Q) - (VC * Q) - Fixed cost
where
SP = Selling Price
Q = Target Quantity
VC = Variable cost
It means that the equation requires us to put the values of SP and VC. We are provided with sales revenue and variables costs at 700 units. This information will be used to calculate the required input variables. We know that;
Sales revenue = SP * Q
Variable cost = VC * Q
Simply put values and you will find that the SP is equal to $128.57, whereas variable cost is $42.86.
Now as we have all the values to calculate the Target quantity, put values in the equation:
⇒ 41,000 = (128.57 * Q) - (42.86 * Q) - 22,000
OR 41,000 + 22,000 = Q (128.57 - 42.86)
OR 63,000 = Q (85.71)
⇒ Target quantity = Q = 736 units.
Answer:
<h2>WANTS are those needs(things that u don't need that moment like cars etc) which influence one personality, culture and environment.</h2>
Answer:
Profit margin = 9.74%
Explanation:
We know,
Profit Margin = (Net income after tax/Net sales) x 100
Profit margin is a profitability ratio that measures the company's overall performance. It also show how company performs financially.
Given,
Year 2,
Net Sales = $484,000
Net income after tax = $47,150
Therefore,
Profit Margin =
Profit Margin = 9.74%
Hence, company is performing financially well.