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2 years ago

What is the difference between following the law and acting ethically?

Business

1 answer:

Dafna11 [192]2 years ago

3 0

Answer:

Following the law involves doing what is right; acting ethically involves doing what is wrong

Explanation:

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Joplin Industries Inc. manufactures and sells high-quality sporting goods equipment under its highly recognizable J-Sports logo.

motikmotik

Answer:

a. Joplin Industries Inc.

Absorption Costing Income Statement

For the Month Ended June 30

Sales $81,000,000

Less: Beginning inventory $4,387,200

Cost of goods manufactured $45,756,000

Cost of goods sold $50,143,200

Gross Profit $30,856,800

Selling and Administrative Expenses $13,122,000

Operating Income $17,734,800

b. Joplin Industries Inc.

Variable Costing Income Statement

For the Month Ended June 30

Sales $81,000,000

Variable cost of goods sold $40,500,000

Manufacturing Margin $40,500,000

Selling and Administrative Expenses $12,150,000

Contribution Margin $28,350,000

Fixed cost

Manufacturing cost $8,856,000

Selling and Admin Expenses $972,000

Total Fixed cost $9,828,000

Operating Income $18,522,000

4 0

3 years ago

Which of the following is a true statement? A. Adverse selection occurs after a transaction has taken place in insurance market

Salsk061 [2.6K]

Answer:

Explanation:

FDIC gives insurance to depositors. it promises to pay back a certain amount of the deposits of a banks customers in the case where a bank fails. As a result of this insurance banks have a greater incentive to take on more risky projects because they know that their customers would be protected even the project goes sour and the bank fails.

Due to the services of the FDIC, less depositors have lost money when a bank fails because of the insurance services they provide to depositors.

8 0

2 years ago

Who is your favorite character in the walking dead? mine is rick

fomenos

Answer:

do you watch riverdale?

pls dont report me im jus bored -_-

Explanation:

3 0

2 years ago

Read 2 more answers

What are the advantages and disadvantages of paying the new manager primarily cash pay?

Sindrei [870]

The advantages of primarily cash pay are the following:
1. It motivates the owner to expand the business.
2. The desirable increase in the level of services.

The disadvantages are the following:
1. There was a little incentive to the owner.
2. There was potential to lose sight to the customers.

7 0

2 years ago

A foreign subsidiary of a U.S.-based company has been notified of a loss contingency with an estimated cost ranging between $220

Marizza181 [45]

Answer:

The amount recognized as a provision for loss contingency is $220,000

Explanation:

According to the United States Generally Accepted Accounting Principles (US GAAP), the provision for loss contingency should be recognized based on the estimated amount. If the range is given then we should report the lower amount or minimum amount

In the given question, two amounts are given i.e $220,000 and $250,000

So $220,000 should be reported

3 0

3 years ago