True or false: Without knowing the future, it is best to have a cost structure with high variable costs.

Summer Dean was walking through the mall and found a gym bag lying on the ground. The decision Dean must make as to whether to k

suter [353]

Answer:

Ethics

Explanation:

Ethics also called moral philosophy involves how an individual systemises, defends and recommends the concept of right or wrong.

Summer is facing an ethical decision of either returning the bag or keeping it for herself. Her decision will be based on her definition of right or wrong.

If her moral philosophy is one that does not see theft as something that is wrong, she will decide to keep the bag. If on the other hand she sees keeping the bag that is not her own as wrong she will decide to return it.

6 0

3 years ago

Mazie Supply Co. uses the percent of accounts receivable method. On December 31, it has outstanding accounts receivable of $137,

Talja [164]

Answer:

a)

Dr Bad debts expense 1,787

Cr Allowance for doubtful accounts 1,787

b)

Dr Bad debts expense 4,813

Cr Allowance for doubtful accounts 4,813

Explanation:

Mazie Supply Co. Journal entry

a)

Dr Bad debts expense 1,787

($4813-$2,338+$688)

($4,813-$3,036)

Cr Allowance for doubtful accounts 1,787

b)

Dr Bad debts expense 4,813

(3%×$137,500+$688)

($4125+$688)

Cr Allowance for doubtful accounts 4,813

6 0

4 years ago

Spicy Dish, a large distributor of canned beans and salsa, is organized into four business units: (1) North America Salsa, (2) N

tatyana61 [14]

The options in this question are missing; here is the missing section:

What two types of departmentalization are illustrated in this example?

A. Product and customer

B. Product and geographical

C. Customer and geographical

D. Functional and customer

E. Geographical and functional

The answer to this question is B. Product and geographical

Explanation:

Departmentalization refers to the creation of departments, units, etc. in businesses to better achieve goals and distribute roles and activities. This can be based on location, products, function, etc.

In the case of Spicy Dish, there is a clear geographical departmentalization because this distributor has created units based on location, due to this, the company has a unit in each major geographical region such as North America, Europe, etc. Moreover, this company has created units based on products because in North America they created two different units and each specializes in one of their products (beans/salsa.)

3 0

4 years ago

Labor demand is less elastic when: _____________

garri49 [273]

Answer:

The correct answer is B. Labor demand is less elastic when a large amount of labor is essential to the production process.

Explanation:

Inelastic demand is one that is not very sensitive to sudden changes in its quantity, even in the face of important changes in the context in which they operate, such as a change in the price if it is a product for sale, or in the working conditions or wages if you talk about labor demand.

Thus, in the case of a job in which high amounts of labor are needed, the labor demand will remain stable despite these changes, as workers will perceive that it is a position of easy access and hiring.

8 0

3 years ago

On January 2, 2021, Miller Properties paid $28 million for 1 million shares of Marlon Company's 6 million outstanding common sha

emmainna [20.7K]

Answer:

A. Income statement $8.4 million

B. Balance sheet million $35.4 million

C. Operating cash flow million $1 million

Investing cash flow million=$28 million

Explanation:

a. Calculation for Income statement million

Using this formula

Income statement=Investment revenue -Patent amortization adjustment

Let plug in the formula

Income statement= ($54 million × 1/6)-([$36 million] × 1/6]÷10 years)

Income statement=$ 9.0-$0.6

Income statement=$8.4 million

Therefore Income statement million will be $8.4 million

b. Preparation of the Balance sheet million

Cost $28 million

Add Investment revenue $9.0 million

($54 million × 1/6)

Less Dividend ($1 million)

($6 million × 1/6)

Less Patent amortization adjustment ($0.6 million)

([$36 million] × 1/6]÷10 years)

Balance sheet million $35.4 million

($28 million+$9.0 million-$1 million-$0.6 million)

Therefore Balance sheet million will be $35.4 million

c. Preparation of the Statement of cash flows

Operating cash flow million=($6 million × 1/6)

Operating cash flow million= $1 million

Investing cash flow million=$28 million

Therefore Operating cash flow million will be $1 million while the Investing cash flow million will be $28 million.

5 0

3 years ago