Answer:
Option A,$72000
Explanation:
Bad debt expense is computed on the net credit sales amount, in other words, the bad debt expense is 12% of credit sales of $600,000.
Bad debt expense=$600,000*12%
=$72000
Option C is wrong because the answer was arrived at by calculating 12% of $750,000 the net sales amount that also has cash sales of $150,000 included in it($750000-$600000)
Option B is wrong as the amount of sales returns and allowances of $50,000 was deducted from $600,000 prior to applying 12% allowance for bad debt
Answer:
Shawn would choose form 1040 filing tax form.
Explanation:
Answer:
1. Deontology C. is the normative ethical theory that a moral act is based on whether the act itself is right or wrong under a series of rules, and not based on the consequences of the act.
2. Utilitarianism D. the best ethical choice produces the best result for the greatest number
3. Free market ethics A. goods and services are worth what people believe they are worth and are willing to pay for and businesses need only be concerned with making a profit for owners (shareholders)
4. Virtue ethics B. based on the moral character of the person rather than the act
Answer:
a. The Bt toxin could negatively affect the taste of the food that is produced from these crops.
c. The Bt toxin could result in the death of non-pest species of insects. d. The Bt gene could ultimately make the plants pathogenic to humans.
Explanation:
Genetically engineered crops couldn't harm the economy. They are made to benefit economy, as it's shown in the following quote:
"The commercialization of genetically modified (GM) crops has continued to occur at a rapid rate, with important changes in both the overall level of adoption and impact occurring in 2012.
This annual updated analysis shows that there have been very significant net economic benefits at the farm level amounting to $18.8 billion in 2012 and $116.6 billion for the 17-year period (in nominal terms)."
Reference: Brookes, Graham, and Peter Barfoot. “Economic Impact of GM Crops.” Taylor & Francis, 2014,