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2 years ago

In business ethics, which of the following is not an adequate moral claim of economic theory?

1 answer:

3 0

A business is a productive organization—an organization whose purpose is to create goods and services for sale, usually at a profit. Business is also an activity. One entity (e.g., a person, an organization) “does business” with another when it exchanges a good or service for valuable consideration. Business ethics can thus be understood as the study of the ethical dimensions of productive organizations and commercial activities. This includes ethical analyses of the production, distribution, marketing, sale, and consumption of goods and services

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On December 31, 2015, Coolwear Inc. had balances in Accounts Receivable and Allowance for Uncollectible Accounts of $43,000 and

Marrrta [24]

Answer:

Bad debt expense $5.125

Explanation:

Initial Balance

Accounts Receivable $ 43.000

Allowance for Uncollectible Accounts $ 1.250

Entry

Allowance for Uncollectible Accounts $ 775

Accounts Receivable $ 775

New Balance

Accounts Receivable $ 42.225

Allowance for Uncollectible Accounts $ 475

Entry Adjustment

Bad debt expense $ 5.125

Allowance for Uncollectible Accounts $ 5.125

END Balance

Accounts Receivable $ 42.225

Allowance for Uncollectible Accounts $ 5.600

7 0

2 years ago

A strong internal control system will reduce the amount of substantive testing that must be performed.A ) True B ) False

Doss [256]

Answer:

A) True

Explanation:

The internal control structure deals with the rules, laws, procedures, practices that vary from company to company that are necessary to attain an organization's goals and objectives.

The substantive testing is an audit process aimed at checking the accuracy and reliability of the financial statements. To check if the financial statements are free from any errors, mistakes, fraud, etc. that can change users' decisions.

The financial statements should be relevant, reliable and finalize in all respects.

Therefore, a strong internal system will reduce the quantity of substantive testing required.

4 0

2 years ago

What does the image say? Can someone unblur it?

vaieri [72.5K]

I have no idea sir maybe someone could assist you

5 0

7 months ago

LO 6.3A company calculated the predetermined overhead based on an estimated overhead of $70,000, and the activity for the cost d

olya-2409 [2.1K]

Answer:

$68,600

Explanation:

An predetermined overhead of $70,000 was estimated for an activity of 2,500 hours. The actual overhead assigned to the products is given by multiplying the fraction of the total 2,500 hours of activity utilized by the products by the predetermined overhead:

$A = \frac{1,350+1,100}{2,500}*\$70,000\\ A = \$68,600$

The total amount of overhead assigned to the products is $68,600.

8 0

3 years ago

You work for a marketing firm that has just landed a contract with Run-of-the-Mills to help them promote three of their products

levacccp [35]

Answer:Please refer to Explanation

Explanation:

Cross Price Elasticity of Demand is a very useful tool in Economics to ascertain if goods are compliments or Substitutes.

Cross Price Elasticity of Demand (CPSD) measures the change in demand in one good due to a change in price is the other good.

If the CPSD is negative then the goods are Compliments meaning that they are used together which is why when the price of one good goes down, the demand of the compliment goes up because more of the original good will be bought due to the lower price.

If the CPSD is Positive, it means that they are Substitutes and a Decrease in price in one good leads to a decrease in demand for the other good because people will demand less of it and switch to the former (now cheaper) good.

The formula is,

= % change in Quantity Demanded of Product A /% change in Price of Product B

a. Splishy splashies and Flopsicles

CPSD = -18%/-1%

= 18%

The CPSD for both these products is 18% which is a positive figure. This means that they are Substitutes and should not be marketed together.

b. Splishy Splashies and Flopsicles

CPSD = 3%/-1%

= -3%

With the CPSD being a negative figure here, these goods are Compliments.

Splishy Splashies and Flopsicles should be Marketed together as they compliment each other.

5 0

2 years ago