Which of the following statements is true regarding virtue as a reason for studying ethics?
A. Few people have learned values that steer them toward making right ethical
decisions.
B. Virtue means that doing what is ethical is a smart thing to do for profits.
C. Most people have learned values that steer them toward making right ethical
decisions.
D. Most people have learned values that steer them toward making wrong ethical
decisions.
C. Most people have learned values that steer them toward making right ethical
decisions.
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If a company accepts a major credit card such as VISA from a customer, then the company is responsible for the amount of the sale in a case of nonpayment from a cardholder
a. True b. False Indicate whether the statement is true or false
Philip Morris bought Miller Brewing and launched low-calorie beer, at a time when consumers had the impression that low-calorie beer does not taste as good as normal beer. What does the company assure by stating that the beer tastes good?
A) points-of-difference B) points-of-presence C) points-of-parity D) points-of-conflict E) points-of-inflection
Journalize the following purchase transactions for ABC Swimming Pool Supply Company using the periodic inventory system. Explanations are not required
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Scheuer Corporation uses activity-based costing to compute product margins. In the first stage, the activity-based costing system allocates two overhead accounts-equipment expense and indirect labor-to three activity cost pools-Processing, Supervising, and Other-based on resource consumption. Data to perform these allocations appear below:Overhead costs: Equipment expense$55,000Indirect labor$7,000??Distribution of Resource Consumption Across Activity Cost Pools: Activity Cost Pools ProcessingSupervisingOtherEquipment expense0.100.700.20Indirect labor0.500.100.40Finally, sales and direct cost data are combined with Processing and Supervising costs to determine product margins.Activity: MHs (Machining)Orders (Order Filling)Product Q!1,000700Product
S619,0001,300Total20,0002,000Finally, sales and direct cost data are combined with Processing and Supervising costs to determine product margins.Sales and Direct Cost Data: Product Q1Product S6Sales (total)$134,600$186,300Direct materials (total)$76,000$64,800Direct labor (total)$40,800$78,400What is the product margin for Product Q1 under activity-based costing? A. -$13,200 B. $3,630 C. $17,350 D. $17,800