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Olin [163]
3 years ago
14

Given the ethical lapses that are prevalent today in our businesses, what can be done to restore trust in the free-market system

and leaders in general
Business
1 answer:
aleksandr82 [10.1K]3 years ago
6 0

Answer:

New laws making accounting records transparent and punishing the wrongdoers may help restore trust.

Explanation:

  • Those who violate the law need to be punished accordingly. New laws that make accounting laws more transparent (easier to read and understand) and more accountable to entrepreneurs and others will help restore confidence in the free-market system.
  • But laws do not make people honest, confident or honest and Making businesses more accountable for company actions can help restore trust in free-market systems and leaders in general.
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On December 31, Cruise Company has 18,000 units of an inventory item, which cost $46 per unit when purchased on June 15. The sel
Maksim231197 [3]

Answer:

the inventory be reported at on the December 31 balance sheet is $828,000

Explanation:

Here the inventory should be recorded at lower of cost or net realizable value

Since the cost per unit is $46

And, the net realizable value is $48

So, the lowest cost per unit is $46

Now the ending inventory reported is

= 18,000 units × $46 per unit

= $828,000

hence, the inventory be reported at on the December 31 balance sheet is $828,000

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2 years ago
Handshakes should be:<br> O firm<br> o loose<br> O repeated<br> o accompanied by eye contact
Talja [164]
Accompanied by eye contact
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2 years ago
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Unemployment arising from a persistent mismatch between the skills and characteristics of workers and job requirements is called
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<span>Structural unemployment</span>
5 0
3 years ago
Comfort Cords produces curtain cords. In the process of manufacturing those cords, it also produces hair ties which are sold sep
hoa [83]

Answer:

$609,000

Explanation:

The revenue in June for  Comfort Cords is the sum of the revenue from cords and hair ties.

The revenue from each is the product of the unit selling price and the quantity sold.

= 50000 * $12 + 9000 * $1

= $600,000 + $9000

= $609,000

3 0
3 years ago
The following selected information is from Princeton Company’s comparative balance sheets. At December 31 2017 2016 Common stock
lukranit [14]

Answer:

Princeton Company

The T-accounts are attached.

Explanation:

They can also be obtained as follows:

1. T-accounts to calculate the Cash received from the sale of its common stock during 2017:

Common Stock & APIC

Closing balance of common stock = $131,000

Closing balance of APIC = $593,000

less Opening balance of common stock = $126,000

less Opening balance of APIC = $355,000

Cash collected = $243,000

2.  T-account to calculate the cash paid for dividends during 2017:

Retained Earnings:

Opening balance = $313,500

Add net income = $61,000

Less closing balance = $339,500

Cash Dividends paid = $35,000

Download xlsx
8 0
3 years ago
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