During these difficult times, business ethics and social responsibility activities are particularly important because business ethics enhances the law by characterizing appropriate behaviors outside of state control, and conglomerates establish business ethics.
Business ethics is a subset of guide behavior that investigates ethical principles and moral or societal issues that may arise in the workplace. Individuals are called to account for accomplishing their civic duties under personal accountability, and their behavior must contribute positively as a whole.
Business ethics and social responsibility activities are especially crucial during these trying situations as the ethics complements the law by identifying proper actions outside governmental authority, and conglomerates establish business ethics.
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why is it difficult to be sure if a business made the most ethical decision? (check all that apply.)
Lack of clear ethical standards: There are different definitions of ethics and what constitutes an ethical decision, making it challenging to determine what is ethical in different situations.
Why is it difficult if a company choose the right course of action?Subjectivity: Ethics is subjective, and what one person sees as ethical, another person may not.Conflicting interests: Companies may have conflicting interests, such as maximizing profits or minimizing costs, which can make it difficult to make the most ethical decision.Hidden information: Companies may not have all the information necessary to make the most ethical decision, making it difficult to determine the consequences of their actions.Globalization: Companies operating in different countries and cultures may have to navigate conflicting ethical standards, making it challenging to determine what is ethical in different situations.Short-term vs. long-term: Companies may prioritize short-term profits over long-term ethical considerations, making it difficult to make the most ethical decision.Lack of accountability: Companies may not be held accountable for their actions, making it challenging to determine if they made the most ethical decision.Changing circumstances: Companies may face changing circumstances that affect their ethical decision-making, making it difficult to determine if they made the most ethical decision.To lean more about ethical decision refer:
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Warranty and inventory costs are going up. Causing the project manager to worry about the costs of nonconformance. What is the best advice you can give the project manager?
A. Look for benchmarks.
B. Increase scrap.
C. Increase rework.
D. Perform a quality audit
The best advice you can give the project manager as warranty and inventory costs are going up is option C. Increase rework.
A warranty is the written assurance of a product's or service's reliability as given to a consumer by the service provider or the producer. Insofar as the warranty's provisions allow, warranties offer clients legally-guaranteed service substitution or issue repair for the period of the warranty.
Costs related to buying, holding, and administering inventory are included in inventory costs all across the e-commerce distribution chain. Further than the purchase price, the cost of inventory also includes storage expenses and expenditures associated with keeping finished goods that have not yet been sold.
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why are there no glaciers in south america or africa?
Most of the glaciers in South America are receding. When melting glaciers are not replenished by fresh snowfall or ice formations, they retreat as a result of precipitation and climate change.
Give a brief account on glaciers.An extended mass of dense ice that moves continually under its own weight is referred to as a glacier. A glacier is produced when long-term snowfall—often centuries long—outpaces snowfall ablation. It flows smoothly and deforms under the pressure of its weight, giving it characteristic features like crevasses and seracs. Rock and other debris from the substrate are eroded away as it travels, creating landforms like cirques, moraines, and fjords. Even though a glacier may flow into a body of water, it is distinct from the considerably thinner sea ice and lake ice that develop on the surface of bodies of water because it grows only on land. The biggest freshwater reserve on Earth is found in glacial ice.
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In 2008, the once thriving company took a financial blow during the great recession. Profits fell, but that was not the story the leaders of the company were telling. The ceo was obviously aware of the corruption happening in her company and even encouraged it for her own gain. Unethical accounting practices made the company appear to be profitable to shareholders. The company's net worth seemed to hold steady as the rest of the market fell, day after day. Finally, a whistleblower in the accounting department uncovered the scheme. Unbelievably, none of the wrongdoers were arrested.
This depiction gives off an impression of being referring to an organization that participated in deceptive bookkeeping practices to beguile investors and keep a deception of benefit during the 2008 monetary emergency.
Regardless of the revelation of these practices by an informant, no captures were made.
An organization participated in deceptive bookkeeping during the 2008 monetary emergency to delude investors and keep up with misleading productivity.
An informant revealed the plan, yet no captures were made. The Chief knew about and supported the defilement. The organization's total assets showed up consistently while the market fell.
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FILL IN THE BLANK. __ is designed to support organizational functions or processes.
Organizations may more easily access and provide customer support with the use of a CRM system, which helps businesses organize and centralize their client information.
CRM systems are used by businesses to enhance client retention and boost sales and marketing. Application software is a subset of software made with the purpose of supporting the payroll process. The process(es) an analyst will use to make sure his job is thorough, well done, and understood by the project team are known as his technique(s). Phase 3 establishes the specifications, functions, and features required to meet all of the functional requirements of the suggested system. There, end users can talk about and pinpoint the precise business information demands they have for the program.
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Which team performance factor best describes the following situation?
You have noticed that your team members often stand around unsure about what they should be doing.
a. Process gain
b. Process loss
c. Roles
The best team performance factor to describe the situation you've described is "Roles". "Roles" refers to the specific tasks and responsibilities assigned to each team member in order to achieve the team's goals.
When team members are unsure about what they should be doing, it often means that there is confusion about their individual roles and responsibilities. If roles are not clearly defined or communicated, it can lead to inefficiencies, delays, and mistakes.
Having clearly defined roles helps ensure that everyone knows what they are responsible for and helps the team work together more effectively. When team members know their roles, they are more likely to take ownership of their tasks and feel confident in their abilities to contribute to the team's success.
In conclusion, defining and communicating clear roles is crucial for effective team performance, and is key in avoiding situations where team members are unsure about what they should be doing.
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Why do companies use job cost sheets?
Cost sheets seem to be documents used by firms to control the material costs associated with product production. These papers can track individual notable contributions to better examine how much money it expenses to manufacture a product, assisting you in determining the appropriate retail selling price and making a profit.
However, because job cost sheets clarify where expenses happened, clients may simply comprehend what really paid for. The sheet was updated whenever an expense is incurred. A job cost sheet can also be a useful tool for businesses that make job bids.
A job cost record is created to total the costs comprising direct materials, and direct labor, including overhead for a single job. As such, it serves as a starting point for a job costing system, inside which expenses for batches of units are accumulated.
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What actions could/should BP management have taken in response to the many early warningsigns?
BP management faced many early warning signs prior to the Deepwater Horizon oil spill in 2010, but failed to take adequate actions to prevent the disaster. Some of the actions that BP management could have taken in response to these warning signs include:
Improving safety culture: BP management could have taken steps to improve the company's safety culture and put a greater emphasis on reducing the risk of accidents. This could have involved implementing stronger safety procedures and regulations, as well as investing in training and education for employees.
Conducting more rigorous safety assessments: BP management could have conducted more rigorous safety assessments and simulations to identify potential risks and prevent accidents.
This could have included conducting regular drills and simulations to prepare employees for emergencies, as well as performing regular safety audits to identify and address any issues.
Improving emergency response plans: BP management could have improved the company's emergency response plans to ensure that they were adequate and prepared to deal with any potential disasters.
This could have included developing better contingency plans and emergency response procedures, as well as investing in training and equipment to ensure that employees were prepared to respond to any emergencies.
Addressing maintenance issues: BP management could have addressed the many maintenance issues that were identified prior to the Deepwater Horizon spill. This could have involved investing in regular maintenance and inspection programs to ensure that equipment was in good condition and functioning properly.
Increasing transparency: BP management could have increased transparency by being more open and transparent about the company's operations and the risks associated with its activities.
This could have involved regular reporting on safety and environmental performance, as well as engaging with stakeholders and the public to increase understanding and build trust.
In conclusion, BP management had many opportunities to respond to the early warning signs prior to the Deepwater Horizon oil spill,
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has the growth of ben and jerry's contributed to some form of greenwashing by parent company unilever? if so, how?
Greenwashing is the practice of making exaggerated or false claims about a company's environmental friendliness in order to appeal to environmentally conscious consumers.
Unilever's ownership of Ben & Jerry's has created a potential conflict of interest in terms of the environmental and social responsibility claims made by both brands.
While Ben & Jerry's has built its reputation on a commitment to using sustainable ingredients, engaging in socially responsible business practices, and supporting progressive social and environmental causes, Unilever has a much larger and more complex portfolio of products and brands that may have conflicting interests.
As a multinational corporation, Unilever has been accused of engaging in various practices that are not in line with Ben & Jerry's commitment to sustainability and social responsibility. This has led some to question whether Unilever is using Ben & Jerry's positive reputation to "greenwash" its larger, less environmentally friendly operations.
In conclusion, while it is unclear to what extent Unilever has contributed to greenwashing through its ownership of Ben & Jerry's, there is a clear potential for conflict between the values and practices of both brands. As such, it is important for consumers to carefully consider the practices and policies of both companies when making purchasing decisions.
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Which would NOT be considered factors in supply analysis? employment ratesstanding stockvolume of new construction conversions in progress
The correct response is a. employment rates. Employment rates be considered factors in supply analysis.
The process of closely scrutinizing something to learn more about it or form an opinion about it as a result of doing so: A thorough evaluation of the performance of the investment strategy was done independently by our financial specialists. Clare's assessment of the circumstance peaked my curiosity. Analyzing something entails dissecting it into its component parts in order to arrive at your own conclusions by asking WHY and HOW questions. Analysis is your chance to give your reader context for and an explanation of the evidence. If you analyze the evidence, you may explain to the reader why it is significant, what it means, or how it relates to other concepts in your work.
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Which would NOT be considered factors in supply analysis?
a. employment rates
b. standing stock
c. volume of new construction
d. conversions in progress
you purchase an annuity investment that pays you a lump sum amount of $289,284 at the end of the term. you must make $20,000 quarterly payments until the end of the term. if you earn an interest rate of 2%, how many of these quarterly payments must you make?
Quarterly Interest Rate, RATE
Quarterly payments, PMT
Initial lump sum payment, PV
Maturity amount at the end, FV
Quarterly payment type, TYPE
# of Quarterly payments required
0.5% [2% / 4; Annual rate is converted into quarterly rate]
$20,000
$0
$289,284
0 = 0 if deposits made at the end of each period; 1 if deposits
made at the beginning of each period
= 14 [Ref: NOTE]
NOTE:
# of Quarterly payments required is calculated using EXCEL FUNCTION PER(rate, pmt, pv, fv,type) where rate = 0.5%; pmt = 20000; pv = 0; fv = - 289284; type=0;
Here, value for pmt is positive as it denotes cash outflow; fv is negative as it denotes cash inflow; type=0 as deposits made at the end of each quarter only.
What are quarterly payments?
A quarterly payment is the sum of all monthly payments made at the conclusion of each calendar quarter (three months ending on the last day of each March, June, September, and December). A quarterly event takes place four times every year, separated by three months. Example: For your quarterly payments, assuming your principal is $10,000 and your total interest is $700, do the following calculation: Quarterly payments would be $10,000 + $700 = $10,700 / 4 = $2,675.
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you purchase an annuity investment that pays you a lump sum amount of $289,284 at the end of the term. you must make $20,000 quarterly payments until the end of the term. if you earn an interest rate of 2%, how many of these quarterly payments must you make?
how well do equity and tournament models apply
Equity and tournament models can both apply well in certain situations, but the effectiveness of each model depends on the context.
Equity models incentivize employees by linking rewards to the value of the company, making them suitable for companies that prioritize shareholder value.
Tournament models, on the other hand, incentivize employees through competition and reward the top performers, making them more suitable for companies that prioritize performance and competition.
The choice between equity and tournament models will depend on the company's goals, values, and culture.
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when a good is taxed, the burden of the tax falls mainly on consumers if
which of the following is true about free cash flow? multiple choice it is for equity providers only and is tax adjusted it is for all capital providers and is tax adjusted it is for equity providers only and is not tax adjusted it is for all captial providers and is not tax adjusted
The following is true for the free cash flow: it is for equity providers only and is not tax adjusted.
What is free cash flow?
The amount of money a business makes after deducting capital expenditures, such as the cost of constructing a new factory or buying new machinery, is known as free cash flow. After the firm has made all the investments required to run and expand, it reflects the amount of cash left over for shareholders. It is seen as a crucial sign of a company's financial health since it reveals if it is making enough money to pay dividends, make acquisitions, or pay off debt. The difference between operational cash flow and capital outlays is typically used to determine free cash flow.
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which of the following is true about free cash flow? multiple choice it is for equity providers only and is tax adjusted it is for all capital providers and is tax adjusted it is for equity providers only and is not tax adjusted it is for all captial providers and is not tax adjusted
what will happen if consumers expect higher coffee prices in the future?
If people anticipate paying more for coffee in the future, then the demand for coffee will rise right away. In the event that the government chooses to subsidise the production of a thing, the equilibrium price and quantity would both decline.
Market supply and demand must balance one another to reach equilibrium, which leads to stable pricing. In general, when there is an abundance of products or services, prices decline, which increases the demand, but when there is a scarcity, prices rise, which decreases demand. When the supply and demand are balanced, a market is said to have attained equilibrium.
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for a monopoly, the socially efficient level of output occurs where a. marginal revenue equals marginal cost. b. price equals average total cost. c. price equals marginal cost. d. marginal revenue equals average total cost.
The concept is Monopoly, which is a situation where there is a single seller in the market. The answer is an option, A.
Marginal revenue equals marginal cost. A socially effective position in economics is a point where the social weal of members of the community or consumers is maximized.
In conventional profitable analysis, the monopoly case is taken as the polar contrary of perfect competition. By description, the demanding wind facing the monopolist is the assiduity demand wind which is over leaning.
A director maximizes profit when the value of the last unit of product( borderline profit) equals the cost of producing the last unit of product( borderline cost). Maximum profit is the position of the affair where MC equals MR.
Unlike a competitive assiduity, a monopoly doesn't produce an effective affair. Monopolists charge advanced price and a produce lower affair than a competitive assiduity. Effective affair occurs where borderline social cost and borderline social benefit are equal.
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Broker Nathan worksfor seller Ted. Nathan should do all of the following except1 accounting for all monies.2 maintain confidential Information.3 provide legal advice.4 be loyal to Ted.
Broker Nathan worksfor seller Ted. Nathan accounting should do all of the following except1 for all monies.2 maintain confidential Information.
Accounting tracks the results of a company's economic activity and communicates this data to a variety of stakeholders, such as creditors, managers, investors, and regulators. The "language of business" has been referred to as accounting[3]. [4] Those who practise accounting are known as accountants. Financial reporting and accounting are frequently used synonymously.Among the many accounting specialties are cost accounting, management accounting, tax accounting, and financial accounting.The focus of financial reporting is the dissemination of financial information about an organisation, including the development of financial statements, to external users of the information, such as investors, regulators, and suppliers.
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When the perceived financial risk rises in an economy, the: A. lenders become less risk averse.
B. TED spread rises. C. TED spread falls.
D. risk premiums fall.
When perceived financial risk increases in the economy, lenders become more risk averse. This means they are less likely to lend money to borrowers because they fear they won't get their money back.
This decline in borrowing causes the TED spread, which is the difference between the three-month U.S. Treasury bill yield and the three-month LIBOR rate, to widen. This is because the three-month LIBOR rate is considered riskier than the three-month US Treasury bill yield, as the former is based on the creditworthiness of banks, which is more volatile than the US Treasury bill yield. As a result, risk premiums, or the rate of return that lenders demand to compensate for the risk they are taking, also rise.
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when would you want to use qualitative data in a business proposal?
We want to use qualitative data in a business proposal in a situations like Exploring customer needs and preferences,Evaluating customer satisfaction,Understanding market trends,Identifying and addressing stakeholder concerns.
Focus groups, interviews, or surveys can be used to collect qualitative data to better understand client needs and preferences. The creation of new goods or services, as well as the development of improved versions of current ones, can both benefit from this information.
It can be used to gauge consumer satisfaction with currently offered goods or services. Decisions on customer service and support can be made using this information to identify areas that can be improved.
Recognizing patterns in the market Through industry reports, market research studies, or expert interviews, qualitative data can be used to obtain understanding of market trends and customer behaviour. Strategic planning and decision-making can benefit from this information. To detect and respond to stakeholder concerns, qualitative data might be employed.
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nour just started a summer internship at her dream employer. she really wants to do well in this internship so that she will be offered a full-time position once she graduates from college. she knows that this work environment will be much different from the casual environment at the retail shop where she currently works, and she knows she has a lot to learn. during her interview, the employer stressed the importance of intercultural communication skills, both verbal and nonverbal. nour was told she would be assigned to work with a newly formed team that would be supporting a large client in the middle east. teamwork and problem-solving skills would be key to success in this position. nour has taken college courses that have helped her learn important communication skills for the workplace. these communication skills include logical reasoning, critical thinking, and emotional intelligence. how will these skills help nour in her teamwork and problem-solving skills?
She is really motivated to succeed in her internship in the hopes that it would lead to a full-time job offer after she graduates from college.
Why is controlling your career preparedness a process where willingness is at the core?
You are in charge of determining how your future will be. Being effective in management entails making cost- and wise-use of resources. knowledge unique to the work required to succeed in a particular profession. Your level of career readiness reflects how well you meet the knowledge, abilities, and qualities that employers look for. The three biggest disparities, in the opinion of employers, are: 1. Analytical and critical thought.
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Paul Ramos just graduated from college and landed his first "real" job, which pays $23,000 a year. In 10 years, what will he need to earn to maintain the same purchasing power of inflation averages 3 percent?
Paul Ramos will need to earn $35,224 to maintain the same purchasing power of inflation averages 3 percent.
Inflation is an important concept that affects everyone's purchasing power and standard of living. It refers to the rise in prices over time, which reduces the value of money.
In this context, we will look at how inflation affects Paul Ramos' purchasing power over the next 10 years and how much he will need to earn to maintain his standard of living.
To calculate the amount Paul will need to earn in 10 years to maintain the same purchasing power, we need to consider the average rate of inflation over the next decade. If the inflation rate averages 3 percent per year, we can use this formula to find the amount needed:
Amount needed = $23,000 * (1 + 0.03)^10
Where 0.03 represents the inflation rate of 3 percent. The exponent (10) represents the number of years. Plugging in the numbers, we find that Paul will need to earn $35,224 in 10 years to maintain the same purchasing power as $23,000 today.
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a car is currently worth $9000. each year it depreciates by 12%. what will the car be worth in 5 years? math
The car will be worth $4,947.67 after 5 years, given a 12% annual depreciation rate.
The car will be worth $9000 * (1 - 0.12)^5 = $4,947.67 after 5 years, given a 12% annual depreciation rate.
Here's the calculation to determine car rate in each year:
Year 1: $9000 * (1 - 0.12) = $7920
Year 2: $7920 * (1 - 0.12) = $6958.40
Year 3: $6958.40 * (1 - 0.12) = $6099.17
Year 4: $6099.17 * (1 - 0.12) = $5341.64
Year 5: $5341.64 * (1 - 0.12) = $4,947.67
So, after 5 years, given a 12% annual depreciation rate, the car will be worth $4,947.67 .
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calculate the number of workers employed in the midwest region in july 2018 and july 2019. use your answers to calculate the change in the total number of workers employed between july 2018 and july 2019.
The calculations for this issue's solution are as follows: 1/4, July 2018: 32862, July 2019: 33411. Employment change in this case is 549. Growth in the labor force is 507. There are 4.71% in 2018 and 4.52% in 2019.
Describe the labor force.All individuals who satisfy the requirements for inclusion among the employed (civilian employment plus the military forces) or the employed make up the labour force, also known as both the currently operating population.
What are indicators of the labor force?Estimates of labor force indicators, such as the workforce participation rate, worker population ratio, labor force participation rate, distribution of employees by broad labour force participation, and industry of work in the average weekly status for metropolitan areas, have been published in any of these periodic bulletins.
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according to the efficient marketing hypothesis, there should be _ overpriced and _ underpriced securities
According to efficient marketing hypothesis, there should be underpriced securities.
What is efficient marketing hypothesis?The efficient market hypothesis (EMH), often called the efficient market theory, is a theory that contends that share prices accurately reflect all available information and that sustained alpha production is not conceivable. It is impossible for investors to buy discounted stocks or sell stocks for inflated prices because, according to the EMH, equities always trade at their fair value on exchanges. Because of this, it should be difficult to outperform the market as a whole through skilled stock selection or market timing; the only way an investor can earn better returns is by investing in more risky securities. The quest for inexpensive stocks and attempts to forecast market trends using either fundamental or technical research, according to believers, are futile.
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each department in a department store is usually treated as a different _____ center and central management sets broad policies about the types of merchandise carried and prices.
Typically, each department in a department store is viewed as a separate profit centre, and central management establishes broad standards regarding the kinds of goods sold merchandise and their prices.
Any activity that makes it easier to sell products to a retail customer is referred to as merchandising. In a retail setting, merchandise is the process of artistically exhibiting objects for sale in order to persuade people to buy additional items or products. Visual display merchandising is a term used in the retail sector to describe the selling of goods through product selection, design, pricing, packaging, and display that encourages customers to spend more. Along with regulations and discounts, product displays, and physical presentations, it also involves decisions about which products to present to which clients at what times. Creatively tying in complementary items or accessories is frequently a wonderful strategy to get customers to spend more in a retail scenario.
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you are managing a project that has received bad publicity in the local news. this is due to the project being behind schedule, all personnel being devoted to production, and proper cleanup not being performed. there was an effort to bring the project back on schedule, but the public was more concerned with debris making a mess of community. the decision to move personnel from cleanup to production would have been made during which process? answers a. direct and manage project work b. perform integrated change control c. monitor and control project work d. validate scope
The decision to move personnel from cleanup to production would have been made during the "monitor and control project work" process.
This process involves monitoring and controlling the progress of the project, including making changes as needed to ensure that the project remains on track. In this case, the project was behind schedule and the decision was made to prioritizing production over cleanup in order to get the project back on track.
Prioritizing production over cleanup was a decision made during the "monitor and control project work" process. This process involves regularly monitoring the progress of the project, identifying potential problems or deviations from the plan, and taking corrective action to get the project back on track. In this case, prioritizing production was the corrective action taken to address the project being behind schedule.
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Ethan is planning for his retirement. he has narrowed it down to two investment options. The first is an ira where monthly payments are made, in the amount of $416.66, for 30 years. The second is a roth ira where annual payments are made, in the amount of $5000, for 30 years. If both compound interest at a rate of 2.5%. Determine which account will yield the largest future value for ethan, and how much greater that value will be than that of the other account. round your final answer to the nearest cent.
Option b) Roth IRA $3552.72 is the correct answer to the given question about values of Ethan's plan of retirement.
Calculations of First Account, Payments $416.66, N = 30 x 12 = 360
FV = P((1 + r)^n - 1)/r
FV = 416.66((1 + 0.0.025/12)^360 -1)/(0.025/12)
FV = 223066.23898
Second Account
FV = P((1 + r)^n - 1)/r
FV = 5000((1 + 0.0.025)^30 -1)/0.025
FV = 219513.51582
Difference =223066.23898 - 219513.51582 = $3552.7231 = $ 3552.72. A retirement savings account is known as an individual retirement account (IRA). You can make after-tax contributions to a Roth IRA, a particular kind of tax-advantaged individual retirement account. The main difference between a Roth IRA and a standard IRA is how taxes are handled.
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Question
Ethan is planning for his retirement. he has narrowed it down to two investment options. The first is an ira where monthly payments are made, in the amount of $416.66, for 30 years. The second is a roth ira where annual payments are made, in the amount of $5000, for 30 years. If both compound interest at a rate of 2.5%. Determine which account will yield the largest future value for ethan, and how much greater that value will be than that of the other account. round your final answer to the nearest cent. a. IRA; $3,552.72 b. Roth IRA; $3,552.72 c. IRA; $1,470.39 d. Roth IRA; $1,470.39 Please select the best answer from the choices provided A B C D
which social responsibility issue is associated with unsatisfied product users writing emails to companies, lobbying government agencies, making public service announcements, and boycotting reckless companies?
Consumer relation responsibility issue is associated with unsatisfied product users writing emails to companies, lobbying government agencies, making public service announcements.
Consumer relations are the actions that people and organisations take to uphold and safeguard consumers' rights, which is a matter of social responsibility. Consumers and their advocates petition government agencies, issue public service ads, submit letters to firms, boycott businesses they believe are engaging in irresponsible behaviour, and more to further their goals.
Consumer relations refer to the interactions that a company has with its clients in order to forge enduring bonds, gather feedback, spread positive word of mouth, foster brand loyalty, enhance brand perception, etc. The consumer relationship is the bond that forms between a company and its client once the latter has made a purchase of a good or service from the former.
The consumer is king right now. Every company applies customer-centric strategies to all of its initiatives. Even while businesses aim for a sizable bottom line, they are conscious of the significance of the customer to their success.
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Complete Question:
Which social responsibility issue is associated with unsatisfied product users writing emails to companies, lobbying government agencies, making public service announcements, and boycotting reckless companies?
(A) Relations with owners
(B) Relations with competitors
(C) Supplier relations
(D) Consumer relations
(E) Employee relations
unrealized holding gains or losses which are recognized in income are from debt securities classified as? a.held-to-maturity. b.available-for-sale. c.trading. d.none of these
Unrealized holding gains and losses from debt securities classed as trading are reported in income.(Choice c)
Describe trading.Simply put, trading is the act of purchasing and disposing of financial assets (such as shares, foreign exchange, and indices) with the intention of profiting from variations in their price changes.The Indian Stock Exchange is an excellent place to begin investing your money, particularly for novices. There are numerous benefits for investors on the Indian stock market. In the field of finance, a trade is a predetermined plan created to profit from market longs or shorts. A thoroughly researched trading strategy is beneficial primarily because it is verifiable, quantifiable, consistent, and objective.
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beck manufacturing reports the following information in t-accounts for the current year. raw materials inventory debit credit beginning 10,600 purchases 58,500 available for use 69,100 direct materials used 50,000 ending 19,100 work in process inventory debit credit beginning 17,600 direct materials used 50,000 direct labor 34,900 overhead 56,500 159,000 cost of goods manufactured 144,400 ending 14,600 finished goods inventory debit credit beginning 19,600 cost of goods manufactured 144,400 available for sale 164,000 cost of goods sold 143,200 ending 20,800 1. prepare the schedule of cost of goods manufactured for the year. 2. compute cost of goods sold for the year.
1. Schedule of cost of goods manufactured:
Direct materials used: 50,000
Direct labor: 34,900
Overhead: 56,500
Total manufacturing costs: 141,400
Add: Beginning work in process inventory: 17,600
Less: Ending work in process inventory: 14,600
Cost of goods manufactured: 144,400
2. Cost of goods sold for the year:
Cost of goods manufactured: 144,400
Add: Beginning finished goods inventory: 19,600
Less: Ending finished goods inventory: 20,800
Cost of goods sold: 143,200
What is preparing a schedule for the cost of goods manufactured?
A schedule of cost of goods manufactured is a report showing the costs involved in producing goods sold in a given period. It details direct materials, direct labor, and overhead costs to determine cost of goods sold and profitability.
Hence, the answer is Cost of goods manufactured: 144,400 and Cost of goods sold: 143,200.
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