Carver Lumber Sells Lumber and General Building Supplies to Building

question 60

Multiple Choice

Carver Lumber sells lumber and general building supplies to building contractors in a medium-sized town in Montana. Data regarding the store's operations follow:Sales are budgeted at $350,000 for November, $320,000 for December, and $300,000 for January.Collections are expected to be 90% in the month of sale and 10% in the month following the sale.The cost of goods sold is 75% of sales.The company desires to have an ending merchandise inventory equal to 60% of the following month's cost of goods sold. Payment for merchandise is made in the month following the purchase.Other monthly expenses to be paid in cash are $24,700.Monthly depreciation is $16,000.Ignore taxes. The net income for December would be:

• A) $39,300
• B) $42,300
• C) $32,900
• D) $55,300

Clarify the implications of employment and consumer contracts stipulating arbitration as the method for dispute resolution.

Assess the ethical and legal considerations of employees' work-life balance in the context of constant online connectivity and work expectations outside normal working hours.

Apply ethical frameworks, such as the IDDR approach, to identify and address potential ethical conflicts in business.

Evaluate the balance between public safety, individual rights, and the use of modern communication platforms in legal restrictions and service processes.

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Definitions:

Platform Capitalism

describes an economic system where platforms (e.g., social media, ride-sharing apps) play a central role in mediating economic transactions and generating value, often at the expense of traditional labor relations.

Algorithmic Management

The use of computer algorithms and software to manage, direct, and evaluate work and employees, often associated with gig economy platforms and data-driven decision-making.

Technological Biases

Technological biases are inherent prejudices or inclinations in the design, development, and deployment of technology that reflect the values, beliefs, or interests of their creators, which may inadvertently or deliberately marginalize certain groups.

Data Analytics

The process of examining datasets to draw conclusions about the information they contain, increasingly using specialized systems and software for insights, trends, and decision-making.