Answer:
Gross profit= $260,000
Explanation:
Giving the following information:
Sales revenue $ 440,000
Cost of goods sold 180,000
The gross profit is the result of deducting the cost of goods sold from sales revenue. It will appear in the income statement under absorption costing.
Gross profit= sales revenue - COGS
Gross profit= 440,000 - 180,000= $260,000
Answer:
The correct answer is 0.4
Explanation:
Marginal Propensity to consume
21 Billions- 16 Billions = 5 Billions
2 Billion ÷ 5 Billions = 0.4
The MPC will be equal to 0.4
Answer:
Scott Bestor should confess his honest mistake.
Explanation:
Two of most important attributes that are required from an accountant are integrity and trustworthiness.
Refusing to tell the management his honest mistake in order not jeopardize his possible promotion is a short-run gain to him. But confessing his honest mistake has a long run gain as this will preserve his integrity and trustworthiness forever. In addition, it is unethical and a sign of disloyalty for an accountant not to disclose all the information relevant to the company based on his position as an account.
Therefore, Scott Bestor should confess his honest mistake rather than sacrificing his integrity and trustworthiness as well as the ethic of his profession for a short-term gain (i.e. promotion).
Answer:
I think it's common terms of reference
