Answer:
C). Professional Conduct
Explanation:
Ethical conduct is defined by adherence to moral standards such as equity, honesty, and fairness. This type of behavior acknowledges individual differences and upholds equal rights and the dignity and integrity of all. It represents a crucial facet of ‘professional conduct’ fostering professionalism, healthy workplace interactions, mutual understanding, and enhancing productivity. Therefore, option C is the correct choice.
The price of coffee beans decreases while their quantity increases. The exceptionally favorable weather leads to a greater harvest of coffee beans, thus expanding the supply curve to the right. This results in a lower price for coffee beans, which consequently boosts the quantity sold. Additionally, a decrease in coffee bean prices results in an increased supply of coffee cups, which in turn reduces their price while elevating the quantity of coffee cups sold. Given that coffee cups and donuts are complementary products, the decreased coffee bean prices stimulate a rise in demand for donuts, elevating both the price and quantity of donuts sold.
Answer:
A total of $600,000 is needed for financing to support the cash conversion cycle
Explanation:
To determine the financing requirement, we start by calculating the cash conversion payable illustrated as follows:
Cash conversion cycle = Average inventory age + Average collection duration - Average payment time
= 65 + 60 - 65
= 60 days
Next, we must utilize the financing equation shown below:
= Total annual operating cycle outlays × cash conversion cycle ÷ total days in a year
= $3,650,000 × 60 days ÷ 365
= $3,650,000 × 0.16438
= $600,000
Hence, a financing amount of $600,000 is essential to sustain the cash conversion cycle.
