Answer:
c. Emphasis on ethics
Explanation:
Sean has been tasked with developing a ethical mission statement with a view of reassuring customers on predatory lending practices.
This is a renewed emphasis on the ethics of the company and by so doing it will reassure the company is aware of the ethical practice in this regard and that they are pledging to act ethically.
Ethics is defined as the process of systemising and recommending concepts of right and wrong. It is also called moral philosophy.
Answer:
Contribution margin ratio = Contribution margin / Sales
Product C90B CMR = ($23,490 - $7,047) / $23,490 = $16,443 / $23,490 = 0.7 = 70%
Product Y45E CMR = ($34,800 - $13,920) / $34,800 = $20,880 / $34,800 = 0.6 = 60%
The rule, <em>the Higher the contribution margin ratio, the lower the Break-Even point. </em>So, if sales mix shifts to product C90B, overall Break-even point <u>Decreases</u>.
Answer:
Units Completed and Transferred: 2,700
Explanation:
Units Completed and Transferred: Beginning Units in Process + Units Received - Ending Units in Process
Beginning Units in Process: 400
Units Received: 2,500
<u>Ending Units in Process: (200)</u>
Units Completed and Transferred: 2,700
Answer:
D
Explanation:
Equilibrium means a state of equality or balance between market demand and supply. Refers to a price at which both parties producers and consumers are agreed to exchange.
Prices where demand and supply are out of balance are called points of disequilibrium.
If the selling prices is over the equilibrium price, means that there is a surplus of excess supply, so the prices would go down to returned to the equilibrium price.