A social responsibility theory of business which says that a corporation's duty is to make a profit while avoiding causing harm to others is referred to as ________
A) stakeholder interest
B) corporate citizenship
C) maximizing profits
D) moral minimum
D
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Southwest Sugar, Inc 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 Recovery Department are as follows: Metric Tons Beginning Work-in-Process Inventory 0 Started in production 22,000 Ending Work-in-Process Inventory 6,000 Costs Beginning Work-in-Process Inventory $0 Costs added during August Direct materials 520,000 Direct labor 220,000 Manufacturing overhead 125,000 Total costs added during August $865,000 The ending Work-in-Process Inventory is 100% and 85% complete with respect to direct materials and conversion costs, respectively. The weighted-average method is used. How many metric tons of sugar were refined and transferred to the Packaging Department in August? A) 22,000 metric tons B) 6,000 metric tons C) 16,000 metric tons D) 28,000 metric tons
Sustainable income is equal to net income.
a. true b. false