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timofeeve [1]
1 year ago
15

The dmv may impose certain restrictions on a driver license and, therefore, the driver; this is done to ensure the safe operatio

n of a motor vehicle. an example of a restriction would be:
Business
1 answer:
Veronika [31]1 year ago
6 0
An example is driving only while wearing corrective lenses for eyesight. This is to ensure the driver can see the road and the other cars and pedestrians clearly to ensure his/her own safety and that of other drivers and pedestrians on the road.
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Pam works for a corporation that recently fired three top managers who were caught using the company credit cards to lavishly fu
jeka57 [31]

Answer:

D) visibly punish unethical acts

Explanation:

Ethics is the act of knowing what ia right and doing same. That is a good ethical act.

The ethical culture practised by Pam's company is to visibly punish unethical acts. This entails punishing any unethical act appropriately before others to see it.

This approach is really good because it will make others to sit up bearing in mind that they will get same punishment without hesitation if they err.

Pam's organization firing the three managers caught using the company's resources to fund their personal lifestyle pointed towards applying visible punishment for unethical acts.

7 0
1 year ago
Read 2 more answers
Absorption and Variable Costing Comparisons: Production Equals Sales Assume that Smuckers manufactures and sells 30,000 cases of
pantera1 [17]

Answer:

a:<u>Total Variable Costs        $26 </u>    

a:<u>Total Manufacturing Costs = $ 30</u>  

b:<u>Net Income </u><u><em>Variable Costing</em></u><u>  $100,000</u>  

b: <u>Net Income  </u><u><em>Absorption Costing</em></u><u>  $ 100,000</u>

Explanation:

Smuckers Manufacturers

<u>Costs per case under  Variable Costing</u>

Direct materials per case 16

Direct labor per case 7

Variable manufacturing overhead per case 3

<u>Total Variable Costs        $26 </u>        

<u>Costs per case under  Absorption Costing</u>

Direct materials (30,000*16)              480,000

Direct labor (30,000*7)                    210,000

Variable manufacturing overhead  (30,000*3)   90,000

Total Variable Costs                                                       780,000

Total fixed manufacturing overhead                           $120,000

Total Manufacturing Costs                                         $ 900,000

<u>Total Manufacturing Costs per Case= $ 900,000/ 30,000= $ 30</u>

The difference between the variable and absorption costing is that the product costs include variable and fixed costs in absorption costing. But in variable costing the product costs include only variable costs.

<u><em> SMUCKERS </em></u>

<u><em>Variable Costing Income Statement </em></u>

<u><em>For the Third Quarter of 2017 </em></u>

<u><em></em></u>

Sales (30,000*34)                                                       1020,000  

Direct materials (30,000*16)              480,000

Direct labor (30,000*7)                    210,000

Variable manufacturing overhead  (30,000*3)   90,000

Total Variable Costs                                                       780,000

Contribution Margin                                                        240,000

Fixed Expenses                                                               140,000

Total fixed manufacturing overhead      $120,000

Fixed selling and administrative 20,000

<u>Net Income                                                                   100,000</u>

In this case the net income under both variable and absorption costing does not change because the units produced are units sold. No cost is charged to ending inventory under absorption costing.

<u><em>SMUCKERS </em></u>

<u><em>Absorption Costing Income Statement </em></u>

<u><em>For the Third Quarter of 2017 </em></u>

Sales (30,000*34)                                                       1020,000  

Direct materials (30,000*16)              480,000

Direct labor (30,000*7)                    210,000

Variable manufacturing overhead  (30,000*3)   90,000

Total fixed manufacturing overhead      $120,000

Total Manufacturing Costs                                              900,000

Gross Profit                                                                   120,000

Fixed Expenses                                                               20,000

Fixed selling and administrative 20,000

<u>Net Income                                                                   100,000</u>

3 0
2 years ago
William Jenkins and Natalie Monk owned a building in Sacramento, CA. In 1979, they leased the building to Tuneup Masters for 5 y
Advocard [28]
Jenkins wins extend the lease and no acceptance
3 0
1 year ago
A group of high school students decide to hold a rally during school hours to protest cuts in the state's education budget. they
Vedmedyk [2.9K]
No, because it disrupts school activities
7 0
1 year ago
Read 2 more answers
Match each of the following scenarios with the accounting principle or accounting assumption that it best illustrates.a. Several
Orlov [11]

Answer:

Key S - Scenario

      A - Accounting Principle or Assumption

S

Several years after Thomas Company purchased new office equipment, the company’s accounting records still show the original purchase price.

A

Historical cost principle

S

The home of Rob Elliot, the owner of GGE Enterprises Inc., is not listed among the company’s assets.

A

Business entity assumption

S

Despite several years of falling sales, Thomas Company continues to forecast sales and make strategic plans to raise revenues and cut expenses.

A

Going concern assumption

S

Thomas records expenses incurred to produce the sales for the month.

A

Expense recognition principle

S

GGE Enterprises records a deposit received from a customer for work to be performed later in the month. The customer is billed for the remaining amount after the work is complete, and the customer’s payment is recorded.

A

Revenue recognition principle

S

Thomas Company provides earnings information to investors at the end of every quarter.

A

Time period assumption

S

The accounting records of Thomas Company are in dollars, not euros, although the Ohio-based company is owned by a German firm.

A

Monetary unit assumption

Explanation:

5 0
1 year ago
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