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3 years ago

ETHICS AND CULTURE

Business

1 answer:

vodomira [7]3 years ago

5 0

Answer:

Students will respond:

Doing well in school

Students will respond:

2. They would respond that Universal Values Differ just as individual differ in their opinions and values.

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If the ending inventory in the previous period was understated $17,000 and the ending inventory in the current period was overst

kotegsom [21]

Answer:

In the current period,

b. Cost of goods sold

Explanation:

With the current period's beginning inventory (or previous period's ending inventory) understated by $17,000 and the overstatement of the current period's ending inventory by $27,000, it implies that the Cost of goods sold is understated by $10,000. Once this cost is understated, the net income will be overstated, as well as the owner's equity (via the retained earnings).

4 0

3 years ago

Three months of rent were prepaid on May 1 for $7,200, but two months have now expired, leaving only one month prepaid at June 3

Dafna11 [192]

Answer:

b- $2,400

Explanation:

The computation of the amount that should be recorded is given below:

= 3 months rent ÷ number of months

= $7,200 ÷ 3 months

= $2,400

Hence, the amount of rent that should be recorded is $2,400

Therefore the option b is correct

The same should be considered

7 0

2 years ago

The ________ states that the opportunity cost of producing a good always rises as one produces more of it. group of answer choic

quester [9]

The law of increasing relative cost states that the opportunity cost of producing a good always rises as one produces more of it.

According to the law of increasing costs, production eventually loses efficiency as it grows. The labor expenses for each additional item will increase, for instance, if increased production requires overtime work from your workforce.

Opportunity cost is the value of other commodities or services you must forgo in order to get your desired item. The term "cost" as used by economists often refers to opportunity cost. Cost is frequently mentioned in conversations or on the news.

According to the law of increasing opportunity cost, the cost of manufacturing the next unit rises as you keep up with the production of a given good.

Find more about opportunity cost

brainly.com/question/24229740

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6 0

1 year ago

Builders, inc., agrees to construct an office building for champ fitness clubs, inc. the project proceeds according to plan, but

adell [148]

Answer: option D is correct

Explanation:

Since the quit notice is not the builders fault, the termination of contract can filed on the bases of determination where the client client has to pay profit and losses incurred until the moment of termination.

7 0

3 years ago

If Central Bank A cares only about keeping the price level stable and Central Bank B cares only about keeping output at its natu

dexar [7]

A) Both Central Bank A and Central Bank B should increase the quantity of money.

<h3>What is the Central Bank?</h3>

A financial institution with exclusive authority over the creation and distribution of money and credit for a country or a group of countries is known as the central bank. In contemporary economies, the central bank is typically in charge of monetary policy formulation and member bank regulation. Inherently non-market-based or even anti-competitive institutions are central banks. Many central banks, despite the fact that some have been nationalized, are not part of the government and are therefore frequently hailed as being politically independent. However, even though a central bank isn't technically the government's property, its rights are still created and safeguarded by the law.

Learn more about central banks with the help of the given link:

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8 0

1 year ago