Mai's company has recently moved its factories to Vietnam. As part of its commitment to the International Code of Ethics for Canadian Business, the company is using Vietnamese consultants to help them ensure consistency with universally accepted labour standards, including those related to exploitation of child labour. This practice reflects which principle of the Code?
A) Employees Rights and Health & Safety
B) Community Participation and Environmental Protection
C) Human Rights
D) Business Conduct
E) This is not a matter covered by the principles of the Code
A) Employees Rights and Health & Safety
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During a period of steadily rising costs, the inventory valuation method that yields the highest reported net income is:
A. FIFO method. B. Average cost method. C. LIFO method. D. Weighted-average method. E. Specific identification method.
A sales-oriented firm places minimal emphasis on:
a. promotional strategies. b. building long-term customer relationships. c. pricing strategies. d. personal selling and direct selling activities.
Matthew is a training and development manager who has been asked by the Rotary Club to speak at one of their meetings about trends in corporate training. However, since he is currently conducting an important staff development program, his schedule is very busy and he must refuse the invitation. What would be the best way to end his message declining the request?
a. Again, I am very flattered by your request. b. I apologize that I am so busy right now, but perhaps early next year I can speak to your group. c. I'll call you if I have a change in schedule that would accommodate your timeframe. d. My associate, David Freel, has extensive experience and would enjoy speaking to your group. Please feel free to contact him at 469-8000.
The board of commissioners of the city of Jarmaine adopted a General fund budget for the year ending June 30, 2018, which indicated tax levy revenues of $1,300,000, bond proceeds of $520,000, appropriations for government operations of $1,170,000, and operating transfers out of $390,000.Required:If this budget was formally integrated into the accounting records used to produce the governmental fund financial statements, what was the required journal entry at the beginning of the year?
What will be an ideal response?