Answer:
The correct option is (d)
Explanation:
Ethics is considered above law as law requires just compliance of laws, rules and regulations. Ethics on the other hand establishes a standard of moral conduct. Being mere legal does not mean that something is ethical. Ethical responsibilities are not codified as it is expected from businesses to follow the same.
Here, Marshall, though complied with legal frameworks, he failed to fulfill his ethical obligations by using low-grade products that could harm the general public in future.
Answer:
$42,000 Increase
Explanation:
Effect on income from operations if absorption costing is used rather than variable costing;
= 7,000 * $6.00
= $42,000 increase
Therefore the effect on operating income if absorption costing is used rather than variable costing would be a $42,000 increase.
Answer:
C. the production order quantity model does not require the assumption of instantaneous delivery.
Explanation:
EOQ refers to Economic Order Quantity method, this method particularly aims at 0 extra inventory in hand and keeping the total inventory in hand which is needed and then there is n assumption that the goods shall be delivered instantly.
Under the production order quantity model the model is made to calculate the quantity to be ordered for meeting the demand of production units.
This aims at the minimum order quantity to be delivered to meet the production needs.
The amount of revenue that should be recorded by Griffith Publishing Company for the first year of the subscription is: $477.
<h3 /><h3>Amount of revenue</h3>
Using this formula
Revenue= Received amount × Number of months ÷ Number of subscription months
Let plug in the formula
(April 1- December 31= 9 months)
Revenue= $1,908× 9 months ÷ 36 months
Revenue= $477
Therefore The amount of revenue that should be recorded by Griffith Publishing Company for the first year of the subscription is: $477.
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