Answer:
- Ethical Behavior.
Explanation:
The National Business Ethics Survey revealed that senior management is required to <u>begin with taking the responsibility and enforcement in case they are willing to improve 'ethical behavior' in the company</u>. Ethics begins with taking the accountability of the actions or decisions taken as it encourages fellow employees to follow the norms or policies of the company. It promotes maintaining the moral conduct and standards of the company. This would assist in preventing discrimination and fulfilling corporate responsibilities.
Answer:
Explanation:
The journal entry is shown below:
Interest receivable A/c Dr $1,000
To Interest revenue A/c $1,000
(Being accrued interest is recorded)
The computation of accrued interest is presented below:
= Principal × rate of interest × number of months ÷ (total number of months in a year)
= $100,000 × 6% × (2 months ÷ 12 months)
= $1,000
The 2 months is calculated from November 1 to December 31
Answer:
B. Short-run marginal cost increases as output increases
Explanation:
diseconomies of scale are the cost disadvantages that economic actors accrue due to an increase in organizational size or on output, resulting in production of goods and services at increased per-unit costs.
Answer:
A. Manufacturing overhead was overapplied by $15,000; Cost of Goods Sold after closing out the Manufacturing Overhead account is $274,000
Explanation:
Budgeted Overheads are usually used to compute the Cost of Goods Sold bu Manufacturing Firms.This is because the use of Actual overheads delays the product costing process.
OverApplied or UnderApplied = Applied overheads-Actual Overheads
and if:
Applied overheads>Actual Overheads we have Overapplied Overheads
Applied overheads<Actual Overheads we have Underapplied Overheads
Overapplied Overheads reduce the cost of Overhead Account and Consequently reduce cost of Sales.
Underapplied Overheads increase the cost of Overhead Account and Consequently increase cost of Sales.
