Answer:
Yes, Omaha department store would be better off by $23000.
Explanation:
Given: Sales revenue= $350000.
Cost of goods sold= $280000.
Sales commission= $30000.
Fixed operating cost= $90000.
Now, computing net profit or (loss)
Net profit/loss= 
∴ Net profit/loss= 
⇒ Net profit/loss= 
∴ Net loss= 
∴ Yes boot department should be closed, as Omaha department store is better off by $23000.
Answer:
Goods Account (based on the question)
Alternatively :
In Accounts you would usually have a seperate account called ' Returns Inward' and they will be debited there.
Answer:
The correct answer is Investors and creditors will no longer provide financial support to companies if they believe their financial information practices are unethical.
Explanation:
Ethics in the financial sector is one of the most discussed topics in recent years after the lack of morality in the performance of financial intermediaries. As a result, the opinion is increasing that the causes of potential losses and the generation of economic and financial crisis are the result of the failures of the moral virtues of financial institutions such as banks, hedge funds, supervisory and regulatory bodies, governments, rating agencies and central banks. Therefore, we seek to emphasize the relevance of the ethical issue in decision making, since everything is based on the choice of one or another option that can improve or affect social welfare. Financial ethics makes sense to promote professional and responsible behavior through a corporate culture that translates into an extended and effective practice of the moral values assumed by the company. Similarly, ethics can have various functional approaches such as professional development as an entity, in corporate governance through Corporate Social Responsibility and a new system such as Ethical Banking.
The answer is that the given statement is True.
When firm has achieved greatest creation limit, firm should make extra speculation to extend generation plants and to accomplish this , firm should build the costs of the item which will influence the supply versatility.
