Provide four reasons to reduce inventory
To reduce storage and handling costs
To reduce money tied up in inventory
To minimize taxes
To avoid spoilage
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Which of the following statements correctly describes the relationship between philosophical ethics and ethos?
A. What people do value and should value is, for all practical purposes, the same. B. Philosophical ethics is too abstract to be useful in everyday life situations. Following the mores and customs of one's culture is a more dependable way to make moral decisions. C. Individuals who obey the conventions, mores, and rules of their cultures are already acting ethically. No further philosophical reflection is required. D. Philosophical ethics distinguishes what people do value from what they should value.
Assume that Michael brought home his new girlfriend, Marsha, and her six -year-old daughter, Fiona, to meet his parents. The relationship between the two continued, and Marsha and Fiona were guests several times in Michael's parent's home. During these visits Michael sexually molested Fiona unbeknownst to Marsha. Michael was a convicted child molester and his parents were aware of his propensity
to molest children. No one including Michael's parents said anything to Marsha to give her any warning of Michael's past. a. Michael's parents have a legal duty, in most states, to tell Marsha about their son's past. b. Michaels's parents do not have a legal duty, in most states, to tell Marsha about their son's past. c. If Marsha were to sue Michael's parents for their failure to disclose, it would be a criminal action. d. Any lawsuit brought by Marsha would most likely be a federal lawsuit.
Ty'Jeanea works in the snack shop at the school gym. Profits from the snack shop are used to support the school teams. Because the snack shop is profitable and the teams have succeeded due to increased ability to purchase training equipment, the cheerleaders and other school clubs would like to sell items through the snack shop as well. Ty'Jeanea talks to members of the snack shop management team about the possibility of other school clubs selling items through the shop and what it may mean to the shop's profitability. After a lengthy discussion, they agree that other clubs can sell items through the shop, but cannot sell food items; in addition, every club will have to pay the snack shop 20% of its profits. Many of the organizations are discouraged from selling items through the snack
shop due to the high cost of doing business there. Ty'Jeanea is sitting in her business class later and the instructor explains trade restrictions placed on imports to limit particular foreign products from entering a country. As she thinks about the lesson, she realizes that if you compared the snack shop to the government, they had not acted to keep other items from being sold through the shop, but merely to raise revenue. Which of the following best describes the kind of trade restriction that Ty'Jeanea is comparing the shop's actions to? A. Revenue tariffs B. Protective tariff C. Nontariff barriers D. Embargo
Based on the following trial balance for Barry's Automotive Shop, prepare an income statement, statement of retained earnings, and a balance sheet. Barry, the company's sole stockholder, made no additional investments in the company during the year.
