Answer:
Yes: Middlemen represents costs
No: Middlemen could have exclusive access to customers
No: Cutting out middlemen will lead to unemployment on the long run
Explanation:
Why it is true that cutting off middlemen could reduce business costs in the sense that they (middlemen) usually buy from manufacturers and charge additional costs before selling to final users, it should also be known that sometimes these middlemen bridge the gap between supply and demand by taking the products from where they are produced to where the customers are found.
A second consideration is that cutting off middlemen will as a result create unemployment for all those middlemen that will be cut off.
Answer:
how local ethical norms always take precedence over universal ethical norms
Explanation:
how local ethical norms always take precedence over universal ethical norms
The employees were forced to go against basic ethics just because of increase in sales
According to a social science research, it suggests that ethical behavior is not about who you are or the values you hold. Behavior is often a function of the situation in which you make the decision, even factors you barely notice
Answer:
A deposit of 36,922.02 dollars will be equivalent to the series of emergencies deposits of 2,000 starting today.
Explanation:
we need to know the future value of the emergencies deposit and then, calculate which lump sum can generate the same amount. As the deposit are done at the beginning It will be an annuity-due:
C 2,000
time 36 (3 years x 12 months per year)
rate 0.045
FV $180,082.6885
Now we calculate the lump sum which yield this amount as well:
Maturity $180,082.6885
time 36.00
rate 0.045
PV 36,922.02
Answer: Please refer to Explanation
Explanation:
The terms will be listed in bold at the end of the statement. If you require further clarification please do comment.
a. The costs deducted from the contribution margin to determine the responsibility margin. TRACEABLE FIXED COSTS.
b. Cost to produce plus a predetermined markup. COST-PLUS TRANSFER PRICE
c. Fixed costs that are readily controllable by the manager. NONE
d. A subtotal in a responsibility income statement, equal to responsibility margin plus committed fixed costs. PERFORMANCE MARGIN.
e. The subtotal in a responsibility income statement that is most useful in evaluating the short-run effect of various marketing strategies on the income of the business. CONTRIBUTION MARGIN.
f. The subtotal in a responsibility income statement that comes closest to indicating the change in income from operations that would result from closing a particular part of the business. RESPONSIBILITY MARGIN.
g. The amount used in recording products or services supplied by one business unit to another. TRANSFER PRICE.
Answer:
Petty Cash is debited for $200; Cash is credited for $200
Explanation:
Based on the information given in a situation were they decided to create a petty cash fund in which it was estimated that the amount of $200 would be needed in the petty cash fund which means that the correct journal entry to create the account is to DEBIT Petty Cash with the amount of $200 and to CREDIT Cash with the amount of $200.
Petty Cash is debited for $200
Cash is credited for $200
