United States laws forbid business people to bribe others even in cultures where bribery is expected or necessary. This approach to ethics reflects a __________ view of ethics
a. universalist
b. cultural
c. utilitarist
d. individualist
universalist
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Sigua Sugar, Inc. in Florida has six processing departments for refining sugar—Affination, Carbonation, Decolorization, Boiling, Recovery, and Packaging. Conversion costs are added evenly throughout each process. Data from the month of August for the Decolorization Department are as follows:
The ending Work-in-Process Inventory is 100% and 70% complete with respect to direct materials and conversion costs, respectively. Compute the equivalent units of production (EUP) for direct materials and for conversion costs for the month of August. The weighted-average method is used.
A) 10,700 EUP for direct materials and 3500 EUP for conversion costs
B) 12,200 EUP for direct materials and 10,700 EUP for conversion costs
C) 3500 EUP for direct materials and 10,700 EUP for conversion costs
D) 12,200 EUP for direct materials and 3500 EUP for conversion costs
Steven Company owns 40% of the outstanding voting common stock of Nicole Corp. and has the ability to significantly influence the investee's operations. On January 3, 2018, the balance in the Investment in Nicole Corp. account was $503,000. Amortization associated with this acquisition is $12,000 per year. During 2018, Nicole earned net income of $120,000 and paid cash dividends of $40,000. Previously in 2017, Nicole had sold inventory costing $35,000 to Steven for $50,000. All but 25% of that inventory had been sold to outsiders by Steven during 2017; the remainder was sold in 2018. Additional sales were made to Steven in 2018 at an intra-entity selling price of $75,000. The goods in the intra-entity sales cost Nicole $54,000. Only 10% of the 2018 intra-entity purchases from Nicole had
not been sold to outsiders by the end of 2018.What amount of gross profit on 2018 intra-entity sales should Steven defer at December 31, 2018? What will be an ideal response?
Assume that the decision variables are defined as follows:
A = total number of athletic shirts produced V = total number of varsity shirts produced S = total number of surfer shirts produced C = yards of cotton purchased R = yards of rayon purchased Xij = yards of fabric i (C or R) blended into shirt j (A, V or S) Write the objective function.
Perils insured under Dwelling Property 1 (basic form) include which of the following? I. Earthquake II. Smoke
A) I only B) II only C) both I and II D) neither I nor II