PROBLEM 15. Desiree Company provided the following data: COST SELLING PRICE Inventory, Jan. 1 500,000 770,000 Purchases 3,070,000 4,300,000 Transportation in 70,000 Purchase returns 25,000 40,000 Sales return 80,000 Sales discount 20,000 Purchase discount 45,000 Markup 100,000 Markdown 350,000 Cancellation of markup 30,000 Cancellation of markdowns 10,000 Sales 4,000,000 REQUIRED: Compute the ending inventory using the conservative and average cost retail method.?

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Corporate Ethics

Ethics refers to the moral values and principles that guide an individual. Corporate ethics refers to the moral behavior of a company and its employees while conducting business. Business ethics is another name for corporate ethics. Business ethics reflects the purpose of doing the business. Business ethics is the distinction between what is right and wrong in the workplace and the selection of the right set of actions. Every corporate entity follows business ethics to a large extent in order to survive and compete successfully in the market. Corporate entities that strictly adhere to business ethics gain the trust of their stakeholders and thus gain more customers. An organization follows compliance, i.e., following certain business policies, rules, procedures, and practices to deal with the problem arising from the business environment. Business ethics also ensures that they meet compliance requirements as it was connected with the activities of an organization.