Answer:
Doe Corp. must report a $850,000 net gain during year 7, and a $600,000 net loss for year 6.
Revenue must be recognized when the earnings process is reasonably completed and Doe finished the sale of its assets on January 15, Year 7, therefore the $900,000 revenue has to be included in that year's income statement.
Answer
The answer and procedures of the exercise are attached in the following archives.
Explanation
You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.
- Limit the cards you open: limiting the card you open reduce you from using your credit card for to many purchases
- Never carry a balance: make paying with cash your first method of payment
I believe the answer is 4. The purpose of ethics training is to enable employees to identify and deal with ethical problems developing their moral intuitions which are implicit in every day choices of action. That is to train the employees on how to address every ethical situation they encounter in daily operations of the organization. This involves learning how to solve ethical dilemmas, identifying causes of unethical behaviors and learning how to develop a code of ethics among others.
Answer:
Refining crude oil into gasoline requires the use of chemicals, pressure, and heat to change the chemical makeup of the crude oil into a finished product of gasoline. PROCESS MANUFACTURING: deals with formulas and manufacturing recipes.
A production plant that serves as a point where workers and robotics bring together all of the components that create automobiles. ASSEMBLY PROCESS: manufactured units follow an assembly line.
Making steel is a process that cannot be easily stopped and restarted. CONTINUOUS PROCESS: the manufacturing process cannot be easily stopped.
Allen-Bradley builds motor starters. The machines that Allen-Bradley uses can make different types of starters without slowing down the process. FLEXIBLE MANUFACTURING: different models can be manufactured in the same process.
A tractor manufacturer looked at their production techniques and eliminated the activities in production that do not add value to the consumer. LEAN MANUFACTURING: very simple and lean manufacturing process.
A bicycle company makes 18 models in more than 2 million combinations. The customer chooses the model, size, color, and design. MASS CUSTOMIZATION: high degree of product customization.
