Answer:
B. False
Explanation:
Even with the use of computers, <em>ethics also vary from one company to the other. </em>For example, some of the major IT organizations that are professional in nature have their own set of Code of Ethics. So, this means that they are expecting their members to follow their own Code of Ethics in achieving their mission.
Not everyone is subscribe to the ethical codes online, thus this makes the statement above as "false." Ethics are considered non-universal even online because of<em> </em><em>people's different education backgrounds.</em>
So, this explains the answer.
Answer:
Total cost of the units made in January = $35,400
Explanation:
Direct material cost in January = Direct material cost per unit * Units produced in January = $20 * 600 = $12,000
Direct labor cost in January = Direct labor cost per unit * Units produced in January = $30 * 600 = $18,000
Overhead costs in January = (Units produced in January / Expected units for the year) * Expected overhead costs for the year = (600 / 6,000) * $54,000 = $5,400
Therefore, we have:
Total cost of the units made in January = Direct material cost in January + Direct labor cost in January + Overhead costs in January = $12,000 + $18,000 + $5,400 = $35,400
Answer:
$48,000
Explanation:
The computation of ending inventory using average method is shown below
Total units = 200 + 400 + 100 = 700
Total cost = (200 × $140) + (400 × $160) + (100 × $200)
= $28,000 + $64,000 + $20,000
= $112,000
Average cost per unit = $112,000/700 = $160
Ending inventory = Total units - units sold
= 700 - 400
= 300
Therefore, cost of ending inventory = Ending inventory × Average cost per unit
= 300 units × $160
= $48,000
Based on the marginal benefit of each additional shield decreasing, the reason why it would happen in real life is that there are additional advantages as quantity consumed increases.
<h3>Why does marginal benefit decrease?</h3>
Marginal benefit will decrease as more goods are acquired because the benefit that each additional shield will bring is less than what the last shield would bring.
Take this example for instance. You wanted ice cream and as you kept taking more ice cream, you wanted more and more at first but then began to want less and less ice cream because you were getting full.
This is the same with the shields. As you acquire more shields, they become less useful because you can't use all of them. This shows that the marginal benefit has decreased.
Find out more on marginal benefit at brainly.com/question/2508491
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Answer:
There are no barriers to entry.
5. Both buyers and sellers are price takers
.7. Firms’ products are identical.
Explanation:
A perfect competition is characterised by many buyers and sellers of homogenous goods and services. Market prices are set by the forces of demand and supply. There are no barriers to entry or exit of firms into the industry.
In the long run, firms earn zero economic profit. If in the short run firms are earning economic profit, in the long run firms would enter into the industry. This would drive economic profit to zero.
Also, if in the short run, firms are earning economic loss, in the long run, firms would exit the industry until economic profit falls to zero.
A monopoly is when there's only one firm operating in an industry.
I hope my answer helps you