Answer:
C). Professional Conduct
Explanation:
Ethical behavior is characterized as the obedience of moral principles like fairness, honesty, and equity. Such behavior recognizes the individual diversity and offers equal rights and respect to the dignity and integrity of every individual. It is one of <u><em>the significant aspects of 'professional conduct' which promotes professionalism, healthy work relationships, mutual understanding, and maximize the output</em></u>. Thus, <u>option C</u> is the correct answer.
Answer:
Price elasticity of demand = Change in Quantity/ Change in Price
Using midpoint formula;
Change in Quantity ;

Change in Price;

Price elasticity of demand = -0.342/0.118
= -2.90
Demand is elastic, so decreasing ticket prices will increase revenue.
When the elasticity is larger than 1 it means that a 1% change in price will change demand by more than 1%. In this case, a a decrease of price by 1% will bring 2.9% increase in customers.
Answer:
Under the variable costing fixed production overheads are treated as periodic costs and not included in closing stock. Amount $ Calculation Direct materials 1.00 Given Direct labor 2.
Explanation:
Answer:
$18,500
Explanation:
The first in first out (FIFO) inventory system assumes that It is the first purchased inventory that is the first to be sold.
Total inventory sold = 175 + 50 = 225 units
The first 50 units would be taken from the beginning inventory which costs $80. Total cost of 50 units of inventory would be $80 × 50 = $4,000
This leaves 75 units of the beginning inventory.
The 175 units sold would be taken from the remaining 75 units of the beginning inventory and the 270 units purchased
75 × $80 = $6,000
100 x $85 = $8500
Total cost of goods sold = $6,000 + $8500 + $4,000 = $18,500
I hope my answer helps you
Answer:
c. The government wants to attract the brightest researchers away from private research firms
Explanation:
Research is one of the activities that generates postive externality.
Positive externality is when the benefits of economic activities to third parties exceeds the costs.
Activities that generates postive are usually underproduced because of the high cost associated with it. In order to encourage production, the government usually grants subsidies.
I hope my answer helps you