The moral principles and values that govern the actions and decisions of an individual or group are referred to as
A. religion.
B. ethics.
C. societal philosophy.
D. social norms.
E. cultural values.
Answer: B
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The F. Mercury, Capital account has a credit balance of $37,000 before closing entries are made. Total revenues for the period are $55,200, total expenses are $39,800, and withdrawals are $9,000. What is the correct closing entry for the expense accounts?
A. Debit Income Summary $39,800; credit Expense accounts $39,800. B. Credit Expense accounts $39,800; debit F. Mercury, Capital $39,800. C. Debit Expense accounts $39,800; credit Income Summary $39,800. D. Debit Expense accounts $37,000; credit F. Mercury, Capital $37,000. E. Debit Income Summary $39,800; credit F. Mercury Capital $39,800.
In reporting cash flows from investing activities on the statement of cash flows, the cash inflows are usually reported first, followed by the cash outflows
Indicate whether the statement is true or false
A hospital ward with only 30 beds could be modeled using a finite population model
Indicate whether the statement is true or false
Data for January for Bondi Corporation and its two major business segments, North and South, appear below: Sales revenues, North$660,000 Variable expenses, North$383,000 Traceable fixed expenses, North$79,000 Sales revenues, South$510,000 Variable expenses, South$291,000 Traceable fixed expenses, South$66,000 In addition, common fixed expenses totaled $179,000 and were allocated as follows: $93,000 to the North business segment and $86,000 to the South business segment. A properly constructed segmented income statement in a contribution format would show that the segment margin of the North business segment is:
A. $198,000 B. $383,000 C. $184,000 D. $105,000