Compliance with corporate codes of conduct to establish labor standards in the global arena is generally a function of:
A. The enforcement powers of the WTO
B. Corporate self interest and good will
C. International labor laws
D. Domestic labor laws
B. Corporate self interest and good will
You might also like to view...
Asset turnover ratio measures how effectively a company uses assets to generate sales
a. True b. False Indicate whether the statement is true or false
Concerning the Indirect Statement of Cash Flows, select the correct statement
A) The management of a company would mostly utilize the Indirect Statement of Cash Flows as a management tool since it starts with Net Income from the Income Statement. B) The management of a company would not normally distribute the Indirect Statement of Cash Flows as a statement within its annual reports because it would most likely confuse the average reader. C) The management of a company would most likely distribute the Indirect Statement of Cash Flows as a statement within its annual reports because it starts with Net Income and ends in the current cash balance which increases reader confidence in the report. D) The management of a company would most likely distribute the Indirect Statement of Cash Flows as a statement within its annual reports because it does not present any relation to the other statements of the report, therefore it is least likely to confuse the reader.
Landoni Corporation uses a standard cost system in which inventories are recorded at their standard costs and any variances are closed directly to Cost of Goods Sold. The standards for direct materials for the company's only product specify 2.7 kilos per unit at $5.00 per kilo or $13.50 per unit. During the year, the company purchased 75,200 kilos of raw material at a price of $4.90 per kilo and used 69,290 kilos of the raw material to produce 25,700 units of work in process.Assume that all transactions are recorded on a worksheet as shown in the text. On the left-hand side of the equals sign in the worksheet are columns for Cash, Raw Materials, Work in Process, Finished Goods, and PP&E (net). All of the variance columns are on the right-hand-side of the equals sign along with the column
for Retained Earnings.When recording the raw materials purchases, the Raw Materials inventory account will increase (decrease) by: A. ($376,000) B. $376,000 C. ($368,480) D. $368,480
The master schedule ______.
a. is essential for only some operations planning and control decisions b. sets the production quantities required to meet demand from every possible source in an organization c. identifies areas where new features can be added to a product d. identifies new markets for existing products