Answer:
2,800 units
Explanation:
The computation of the ending work in progress units is shown below:
= Beginning inventory units + units started - transferred units to the second processing department
= 2,100 units + 8,500 units - 7,800 units
= 2,800 units
All other information which is given in the question is not relevant. Hence, ignored it
Answer:
Ethical and social responsibilities
Explanation:
Ethics is simply defined as an individual's personal beliefs on or about a decision, behavior, or action is right or wrong.organizations engages in ethics training. That is some companies offer employees training on how to cope with ethical dilemmas.
Ethical Behavior are refered to as behavior that adapt or conforms to generally accepted social norms.
Corporate Social Responsibility is simply defined as ideas that individuals who are involved in business should pit into due consideration in the social consequences of economic actions when making business decisions and presumption should be available in favor of decisions that have both good economic and social consequences.
The Approaches to Social Responsibility includes:
1- Obstructionist Stance
2- Defensive Stance
3- Accommodative Stance
4- Proactive Stance
Answer:
C. $190,000
Explanation:
As per the given question the solution of Income reported on Income statement is provided below:-
here, we ill find first share in equity income and depreciation expenses on undervalue equipment to reach the i
ncome reported on Income statement
Share in equity income = Net income × Interest
= $500,000 × 40%
= $200,000
Depreciation expenses on undervalue equipment = undervaluation ÷ Number of years × Interest
= $250,000 ÷ 10 × 40%
= $10,000
Income reported on Income statement = Share in equity income -Depreciation expenses on undervalue equipment
= $200,000 - $10,000
= $190,000
C. 60
Explanation:
Producer's Surplus means the value producer derives from selling goods. For example, if producer is willing to sell the product for a price 8 but consumers are willing to pay a higher price, let's say 20, then producer achieves a surplus of 12 per unit. Let's calculate the producer's surplus -
As per question, Reservation Price (RP) =20, Price (P) =8, & Quantity (Q) =10
The formula for Producer Surplus (PS) is as follow:
PS = 1/2 (RP - P) x Q
= 1/2 (20-8) x 10 = 60
