WILL GIVE BRAINLIETS, NEED HELP ASAP

A hairdryer manufacturer produced a new model that could dry a person's hair in under five minutes. When customers used this hai

skad [1K]

Answer: Fairness and Honesty

Explanation:

Fairness and honesty are vital to every business ethics and it related to thee general values of the decision makers. Firms are expected to follow applicable laws and regulations and are expected not to cause harm or injury to employees, customers, clients, or competitors through coercion, deception,misrepresentation, or discrimination.

False and misleading advertising can lead to business failure, hence, Truthfulness about a produt's safety and its quality are also vital to consumers.

8 0

3 years ago

Explain the difference between the proportional method and the incremental method of allocating the proceeds of lump-sum sales o

LenaWriter [7]

Answer:

When a company sells different securities together (this usually happens during mergers and acquisitions):

and the price of all the securities is not certain, the incremental method will first allocate proceeds to the sale of securities whose price is actually certain. The remaining proceeds will be allocated to the securities whose price is uncertain. E.g. total sales $10 million, stocks worth $5 million were sold and bonds worth ? million were sold. The company will allocate $5 million to stocks and $5 million to bonds.
and the price of all the securities is certain, the proportional method allocates the sales proceeds proportionally among the different securities sold. E.g. total sales $10 million, stocks worth $5 million were sold and bonds worth $3 million were sold. The company will allocate ($5/$8) x $10 million = $6.25 million to stocks and $3.75 to bonds.

6 0

2 years ago

Leading economic indicators

Pavel [41]

Answer:

B. New applications for unemployment insurance

D. Stock prices

Explanation:

Unemployment benefits claims is one of the most powerful leading economic indicators, because it can predict, with a high degree of accuracy, the unemployment rate of the next economic periods.

Stock prices are also included in the index of leading economic indicators, more specifically, the Stock Prices of the S&P 500. Stock prices are a leading indicator because investors try to carefully invest in those companies they feel will have a good performance in both the short-term and the long-term.

5 0

2 years ago

Revenue is recorded when services have been performed or products have been delivered to customers. The accounting principle sup

VladimirAG [237]

Answer:

The revenue recognition principle

Explanation:

The revenue recognition principle states that revenue should be recorded when services have been performed or products have been delivered to customers and not when cash is received for the service rendered

For example, if a supplier delivers 10,000 worth of goods to consumers in November and is paid for the goods in December. Revenue should be recognised in November and not December.

3 0

2 years ago

Bodin Company manufactures finger splints for kids who get tendonitis from playing video games. The firm had the following inven

Ilia_Sergeevich [38]

Answer:

Raw Material $191,000

Direct labor $300,000

Actual manufacturing overhead $170,000

Actual selling and administrative expenses $115,000

The company applies manufacturing overhead at the rate of 60 percent of direct-labor cost.

1.

Prime Cost = Direct Material + Direct Labor

Prime Cost = $191,000 + $300,000 = 491,000

2.

Cost of goods manufactured $

Direct material $191,000

Add: Direct Labor $300,000

Add: Manufacturing overhead $170,000

Manufacturing cost $661,000

3.

Manufacturing cost $661,000

Add: Work in process inventory at January 1 $235,000

Less: Work in process inventory at January 31 $251,000

Cost of Goods Manufactured $645,000

4.

Cost of Goods Manufactured $645,000

Add: Finished Good inventory at January 1 $125,000

Less: Finished Good inventory at January 31 $117,000

Cost of Goods Sold $653,000

5.

Manufacturing overhead Account Balance

Actual overhead = $175,000

Manufacturing overhead = $180,000 (300,000 x 60% )

Over applied manufacturing overhead = $180,000 - $175,000

Over applied manufacturing overhead = $5,000

* Data was missing for the calculations, complete question is attached with this answer, Please find that.

3 0

2 years ago