<u>Explanation:</u>
1. As in the case of Certain-Tees, Inc., their approach follows The Fairness or Justice ethical framework. This ethical framework involves the basic belief that everyone or everything should be treated or done fairly.
2. As in the case of Sahara, Inc., and Perfect Paper executives, their approach follows the Utilitarian ethical framework. Which is the belief in doing what brings the greatest or most good to the majority.
3. As in the case of Positron Auto Parts, their approach follows The Common Good ethical framework, which relies heavily on cultural aspects to define ethical practices.
The average of inventory is the average amount of inventory available in stock for a specific period.
To calculate the average of inventory, take the current period inventory balance and add it to the prior period inventory balance. Divide the total by two to get the average inventory amount.
Answer:
$196448
Explanation:
Since the central bank has increased the money supply by $231115 but the reserve ratio is maintained at 15%, this means that 85% of the money is being injected in the form of money supply.
Hence, the maximum increase in money supply, the 85% of $231115 is: $196448.
Hope this helps.
Thank you and Good luck.
Answer:
<u>c. $2,018.00</u>
Explanation:
Lower of cost or market is the inventory valuation method which requires to record the inventory at a value lower of
- Initial cost of inventory ( Manufacturing cost or Purchasing cost )
- Market value of the Inventory ( Net realizable value of the market )
Product__Quantity__Cost per unit__Market per unit___ Lower ____Value
Jelly _____150 ______$2.00 ______2.15___________ $2.00____ $300
Jam _____ 370 _____ $2.65 ______2.50 __________ $2.50 ____ $925
Marmalade 260 _____ $3.10 ______3.05 __________ $3.05 ____ $793
Total Value ___________________________________________<u>$2,018</u>
Answer:
The journal entry to record the bond issuance is shown below:
Explanation:
The journal entry to record the bond issuance is as:
Cash A/c.............................................Dr $420,000
Bonds Payable A/c......................Cr $420,000
Being the bonds issued
As the bonds are issued by the company so cash is coming into the business, which is an asset and any increase in asset is debited. Therefore, the cash account is debited. And cash is received against the bonds payable, so the account of bonds payable is credited.
