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3 years ago

Which of the following is the best example of an ethical statement?

1 answer:

3 0

D) professionals should always act in the best interest of their clients.

This statement is ethical because it promotes doing your job in an ethical way, which is not doing things for your benefit, but for that of your client.

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The annual demand for a product has been projected at 2,000 units. This demand is assumed to be constant throughout the year. Th

Mumz [18]

Answer:

The company should order 100 units to minimize total inventory cost.

Explanation:

Given,

Annual Demand, D = 2,000 units

Order cost, S = $20

Purchase cost = $40

Holding cost, H = Purchase cost x percentage of holding cost

Holding cost = $40 × 20%

Holding cost = $8

We know, the company should order the highest number of products with a minimum cost, and for that, the company uses economic order quantity. Hence,

Economic Order Quantity (EOQ) = $\sqrt\frac{2*D*S}{H} }$

EOQ = $\sqrt \frac{2*2,000*20}{8}$

EOQ = $\sqrt{10,000}$

EOQ = 100

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3 years ago

Cost of merchandise sold reported on the income statement was $155,000. The accounts payable balance increased $8,000, and the i

RideAnS [48]

Answer:

Cash paid 168,000

Explanation:

Assuming that there were no inventory at start of the year

purchases during the year :

Sold = 155

Closing inventory = 21

Total purchase (155+21) = 176

Cash paid for merchandise = total purchase - increase in liability

Cash paid = 176-8 = 168

4 0

3 years ago

Which of the following statements is true a. in market equilibrium there are unconsummated value-creating transactions b. in m

Svetlanka [38]

Answer: C. in market equilibrium there are no unconsummated wealth-creating transactions

Explanation:Market equilibrium is a term in Macroeconomics used to describe the price at which the Quantity of goods demanded is equal to the Quantity of goods supplied.

Wealth-creating transactions are money making transactions, these transactions are those that takes place and are paid for.

IN A MARKET EQUILIBRIUM THE QUANTITY OF GOODS DEMANDED IS EQUAL TO THE QUANTITY OF GOODS SUPPLIED MAKING THE ECONOMY TO HAVE NO UNCONSUMMATED WEALTH-CREATING TRANSACTIONS.

5 0

3 years ago

Read 2 more answers

question content area for the year ended december 31, orion, inc. mistakenly omitted adjusting entries for $1,500 of supplies th

Oduvanchick [21]

Errors will have a $2,300 overstatement of net income on revenues, costs, and net income.

The amount earned by an individual or business after costs, allowances, and taxes is referred to as net income. Net income in the company is the amount that remains after all costs, such as salaries and wages, the cost of goods or raw materials, and taxes, have been paid.

Net income = Total revenue - total expenses

where,

Total revenue = Unearned revenue = $4,200

Total Expense = Supplies expense + insurance expense = $1,500 + $5,000 = $6,500

Net Income = Total revenue - Total Expenses = $4,200 - $6,500

Net Income = -$2,300

Therefore, there's an overstatement of $2300 in Net Income.

To know more about Net Income, refer to this link:

brainly.com/question/6391667

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6 0

11 months ago

HELP ASAP FOR BRAINLIEST ****

Mrac [35]

Okay well I got you.
The first answer is: When unemployment is low, businesses have to compete more for workers, forcing wages up. Higher wages increases labor costs.
The second answer is: As inflation accelerates, workers may supply labor in the short term because of higher wages- leading to a decline in the unemployment rate.
The third answer is: I don't know this one sorry :(
The fourth answer is: I don't know this one either.
Sorry i wasn't much help...:(

7 0

3 years ago