Analyzing a Source Document Read the following memorandum and complete the assigned task.Instructions 1. What is the new value of the ending inventory? 2. Assume that all 36 dolls were sold for $21.95. What is the gross profit for this item?
Ch. 5 Tuesday, September 20, 2016 9:37 AM The law may say one thing, but morals and ethics vary from person to person - First question in a business decision: is it legal - THEN you may consider other ethical/moral situations - Ex: the Exxon scandal: big oil spill off of the coast of Alaska; pilot of vessel was drunk ○ Congress/agencies decided to pass federal regulations about oil vessels ○ Expensive measure to make vessels doub-lhauled ○ Makes us feel better about company! - Ex2: Tyleno