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Murljashka [212]
3 years ago
12

As they apply to business conduct and business decisions, ethical principles:__________ 1. deal chiefly with the behaviors that

a company's board of directors expects of all company personnel in both their conduct on the job and their conduct off the job. 2. involve the rules a company's top management and board of directors make about what is right and what is wrong. deal chiefly with a company's standards about what is right and wrong insofar as the conduct of its business is concerned and about what behaviors are expected of company personnel. 3. are not materially different from ethical principles in general. 4. are generally less stringent than the ethical principles for society at large because it is well understood that businesses should not be expected to operate any differently from what the law requires of them.
Business
1 answer:
Vesna [10]3 years ago
5 0

Answer:

3. are not materially different from ethical principles in general.

Explanation:

As they apply to business conduct and business decisions, ethical principles are not materially different from ethical principles in general.

In other words, in business conduct and decision making ethical principles are the same.

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Rudolf, a Polish manager in a company based in China, is admired by his colleagues for the way he interacts with people, his con
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Selected financial information for Feemster Company for 2012 follows. Sales $ 2,000,000 Cost of goods sold 1,400,000 Merchandise
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Answer:

The merchandise inventory turnover during 2012 is 8 times.

Explanation:

The following information is given:

Sales -  $ 2,000,000

Cost of goods sold - $1,400,000

Merchandise inventory Beginning of year -  $ 155,000

Merchandise inventory End of year - $ 195,000

After considering these information, it is easy to calculate the merchandise inventory turnover. The formula is shown below:

Merchandise Inventory Turnover =  COGS ÷ Average inventory

where average inventory = (opening inventory + ending inventory) ÷ 2

So,

Average inventory = ( $ 155,000 + $ 195,000) ÷ 2

                               = $175,000

Now, we can compute easily

Merchandise Inventory Turnover = 1,400,000 ÷ $175,000

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Thus, the merchandise inventory turnover during 2012 is 8 times.

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