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Baskin Promotions,Inc.sells T-shirts decorated for a variety of concert performers.The company has developed the following budget for the coming year based on a sales forecast of 80,000 T-shirts:
Cost of goods sold and variable operating expenses vary directly with sales,and the income tax rate is 30% at all levels of operating income.
If the concert season is slow due to poor weather,Baskin estimates that sales could fall to as low as 60,000 T-shirts.
-What unit cost did Baskin use in budgeting the cost of goods sold for the year?
Universal Moral Rules
Fundamental ethical principles that are widely accepted and applied across different cultures and societies.
Categorical Imperative
A central concept in the moral philosophy of Immanuel Kant that dictates an action is morally right if it can be universally applied.
Lies
False statements made with the deliberate intention to deceive; an intentional untruth.
Prima Facie Duty
An obligation that appears to be binding upon first view, but may be overridden by stronger moral considerations.
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