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3 years ago

Define ethics and law and show how they are different and similar.

1 answer:

5 0

Answer: The law sets minimum standards of behavior while ethics set maximum standards. Laws are created and enforced by governments based on society's ethics to mediate our relationships with each other and to protect their citizens.

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If demand for product "A" were forecast at 1,000,000 units for the coming year and your factory has one machine capable of produ

hichkok12 [17]

Answer:

Explanation:

Data provided in the question

Annual demand of product A = 1,000,000 units

Per week production for one machine = 4,500 units

So for annual the production for one week is

= 4,500 weeks × 52 weeks

= 234,000 units

Now the gap left is

= 1,000,000 units - 234,000 units

= 766,000 units

So, the similar machines would be

= 766,000 units ÷ 234,000 units

= 3.27

= 4 round off

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3 years ago

A medium-size skincare company based in Minnesota plans to expand operations into four countries in Europe. The company decides

yanalaym [24]

Answer:

The correct answer is letter "B": customs broker.

Explanation:

A customs broker is a specialist in customs legislations of different countries that help to assess companies in the process of exporting goods. According to every country, customs brokers have licenses to operate which allows them to act as intermediaries representing companies that hire them to secure and expedite the products leave the country of origin in proper conditions.

The U.S. Customs and Border Protection (CBP) is the agency in charge of regulating customs brokers.

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3 years ago

John has an auto which is covered for collision losses subject to a $250 deductible. Kate's auto also has collision coverage but

DerKrebs [107]

Answer: D. Kate's policy will pay $1,500, and John's policy will pay $250.

Explanation:

The deductible is the amount that a policy holder has to pay before the insurance company pays the remaining amount.

From the question, we are informed that John has an auto which is covered for collision losses subject to a $250 deductible while Kate's auto also has collision coverage but her deductible is $500.

If a $2,000 collision loss occurs when John borrows Kate's car because his car is in the shop for repairs, since John has a deductible of $500, Kates policy will pay ($2000 - $500) = $1500 and John's policy will pay $250.

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3 years ago

Pettit Company reports net income of $90,000 in 2019. However, ending inven- tory was understated $7,000. What is the correct ne

zimovet [89]

Answer:

a)Corrected net income= $97,000

b) Total assets figure is understated.

Explanation:

To arrive at the net income, cost of goods sold is usually deducted from the sales revenue. An cost of sold is determined by subtracting the value of inventory. So an understated inventory would mean an overstated cost of goods sold and understated net income

Correct net income = 90,000 + 7,000

 = $97,000

Inventory is part of current assets s reported in the balance sheet . Therefore, if inventory is understated it implies that the current assets figure is understated and therefore the total assets figure is understated.

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3 years ago

Ferrier Chemical Company makes three products, B7, K6, and X9, which are joint products from the same materials. In a standard b

soldi70 [24.7K]

Answer:

Allocated cost:

B7= 0.23*600,000= 138,000

K6= 0.50*600,000= 300,000

X9= 0.27*600,000= 162,000

Explanation:

Giving the following information:

Ferrier Chemical Company makes three products, B7, K6, and X9, which are joint products from the same materials. In a standard batch of 150,000 pounds of raw materials, the company generates 35,000 pounds of B7, 75,000 pounds of K6, and 40,000 pounds of X9. A standard batch costs $600,000 to produce.

weighted average:

B7= 35,000/150,000= 0.23

K6= 75,000/150,000= 0.5

X9= 40,000/150,000= 0.27

Allocated cost:

B7= 0.23*600,000= 138,000

K6= 0.50*600,000= 300,000

X9= 0.27*600,000= 162,000

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3 years ago