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11111nata11111 [884]
3 years ago
15

The employees of Pi's Pizza, a local pizza restaurant, feel that the owners and managers really try to follow the ethical polici

es outlined in their company's code of ethics. Curtis, a cook, said that "Just today, Rob, our manager, called our supplier to let them know we received an extra case of tomatoes that we did not pay for. And they do this type of thing almost every day." Pi's Pizza maintains a(n):_______.
a. procedurally sound atmosphere.
b. profitable climate.
c. ethical climate.
d. holier-than-thou atmosphere.
e. honest environment.
Business
1 answer:
weeeeeb [17]3 years ago
7 0

Answer: (C) Ethical climate

Explanation:

 The ethical climate is one of the organizational based atmosphere where the company basically focuses on the employees ethical values, laws and the environment that helps in making different types of complex decisions.

The main purpose of the ethical climate in an organization is that it helps in maintaining the values, principle and the moral of the company employees.

According to the given question, the Pi's pizza is one of the restaurant that maintain the ethical climate by follow the various types of ethical policies. Therefore, Option (C) is correct answer.  

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Mccrone Corporation has provided the following data for its two most recent years of operation: Selling price per unit $ 59 Manu
Karolina [17]

Answer:

$172,000

Explanation:

The solution of net operating income (loss) under variable costing in Year 1 is provided below:-

To find out the net operating income (loss) first we need to follow some steps which are as follows:-

Step 1

Total unit product cost = Direct material + Direct Labor + Variable manufacturing overhead

= $11 + $6 + $4

= $21

Step 2

Gross contribution margin = Sales - (Beginning inventory + variable cost of goods manufactured + Variable cost of goods available for sale - Ending inventory)

= ($59 × 10,000) - ( 0 + ($21 × 11,000) - ($21 × 1000)

= $590,000 - (0 + $231,000 - $21,000)

= $590,000 - $210,000

= $380,000

and finally

Net Operating income = Gross contribution margin - Variable selling and administrative expenses - Manufacturing - Selling and administrative expenses

= $380,000 - (10,000 × $4) - $88,000 - $80,000

= $380,000 - $40,000 - $88,000 - $80,000

= $172,000

To reach  we simply put the values into formula.

5 0
3 years ago
Booker Corporation had the following comparative current assets and current liabilities: Dec. 31, 2017 Dec. 31, 2016 Current ass
stiks02 [169]

Answer:

Liquidity measures for the year 2017 are as under:

Current Ratio = 1.5  

Working Capital = $100,000  

Acid Test Ratio = 0.95  

Accounts Receivables Turnover = 10 times  

Inventory turn over = 4 times  

Explanation:

<u>Current Ratio</u>

        Current Ratio = Current Assets ÷ Current Liabilities

                          <u>Dec 31, 2017</u>                                     <u>Dec 31, 2016 </u>

                      $300,000 ÷ $200,000                   $245,000  ÷ $155,000  

Current Ratio                 1.5                                                  1.6  

<u>Working Capital</u>  

       Working Capital = Current Assets – Current Liabilities

                          <u>Dec 31, 2017</u>                                     <u>Dec 31, 2016 </u>

                      $300,000 – $200,000                   $245,000  – $155,000

Working Capital         $100,000                                     $90,000  

 

<u>Acid Test Ratio</u>

        Acid Test Ratio = (Current Assets – Inventory)  ÷ Current Liabilities

                          <u>Dec 31, 2017</u>                                     <u>Dec 31, 2016</u>

($300,000 – $110,000) ÷ $200,000     ($245,000 – $90,000) ÷ $155,000

Acid Test Ratio           0.95                                                1.00  

 

<u>Accounts Receivables Turnover Times</u>  

Accounts Receivables Turnover = Credit Sales ÷ Average Accounts Receivables

Average Accounts Receivables = (Opening Accounts Receivables + Closing Accounts Receivables) ÷ 2

Average Accounts Receivables = ($55,000 + $95,000) ÷ 2 = $75,000

Accounts Receivables Turnover = $750,000  ÷ $75,000 = 10 Times

<u>Inventory Turnover Times</u>

Inventory Turnover = Cost of Goods Sold ÷ Average Inventory

Average Inventory = (Opening Inventory + Closing Inventory)  ÷ 2

Average Inventory =  ($110,000 + $90,000)  ÷ 2 = $100,000

Inventory Turnover =  $400,000  ÷ $100,000 = 4 Times

 

5 0
3 years ago
Which of the following refers to the percentage of an individual​ customer's purchase of a product over time within a single​ br
Sergio [31]

Answer:

c. Share of customer

Explanation:

Share of customer is the percentage which a company gets from the customer when he/she continually purchase the products. it helps in retaining customer which helps in customer relationship management and can help marketers increase the percentage which they get from the customer.

5 0
3 years ago
Serile Pharma places 800 units in production during the month of January. All 800 units are completed during the month. It had n
liberstina [14]

Answer:

Per unit cost will be $197.5

Explanation:

We have given number of units produced = 800

Direct material cost added in January = $74000

And conversion cost added in January = $84000

So total cost = $74000+$84000 = $158000

We have to find the per unit cost of product produced

So per unit cost is given by total cost divided by total number of units produced

So per unit cost =\frac{158000}{800}=$197.5

4 0
4 years ago
A profit-maximizing firm will not employ an additional unit of a resource if the marginal product of that unit is greater than t
Lubov Fominskaja [6]

Answer:

The Answer is A) True                                    

Explanation:

The marginal cost of production and marginal revenue are economic measures used to determine the amount of output and the price per unit of a product that will maximize profits. A rational company always seeks to optimize its profit, and the relationship between marginal revenue and the marginal cost of production helps to find the point at which this occurs. The point at which marginal revenue equals marginal cost maximizes a company's profit.

Cheers!

4 0
3 years ago
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