Milo company manufactures beach umbrellas. the company is preparing detailed budgets for the third quarter and has assembled the following information to assist in the budget preparation: a. the marketing department has estimated sales as follows for the remainder of the year (in units): the selling price of the beach umbrellas is $14 per unit. july 41,500 october 31,500 august 93,000 november 18,000 september 62,000 december 18,500 b. all sales are on account. based on past experience, sales are collected in the following pattern: 30% in the month of sale 65% in the month following sale 5% uncollectible sales for june totaled $588,000.

Ethics refers to fundamental principles of right and wrong; ethical behavior is behavior that is consistent with those principles. hrm decisions should be ethical, but the evidence suggests that is not always the case. many ethical issues in the workplace involve hrm. in the context of ethical human resource management, hr managers must view employees as having basic rights. in this activity, you will look at the four principles for ethical behavior and the basic rights employees should expect in the work environment. hr managers must view employees as having basic rights, for such a view reflects ethical principles embodied in the u.s. constitution and bill of rights. organizations often face situations in which the rights of employees are affected. ethical, successful companies act according to four principles: emphasizing mutual benefits, employees assuming responsibility for the actions of the company, companies having a sense of purpose or vision that employees value, and emphasizing fairness.

Consider two cigarette companies, pm inc. and brown inc. if neither company advertises, the two companies split the market and earn $50 million each. if they both advertise, they again split the market, but profits are lower by $10 million since each company must bear the cost of advertising. yet if one company advertises while the other does not, the one that advertises attracts customers from the other. in this case, the company that advertises earns $60 million while the company that does not advertise earns only $30 million. if these two companies collude and agree upon the best joint strategy, a. neither company will advertise. b. both companies will advertise. c. pm inc. will advertise but brown inc. will not. d. brown inc. will advertise but pm inc. will not.

Unlike the market for shirts at the local department store, the market for securities can experience significant upswings and downswings in values in the same day. program trading allows for thousands of trades to occur simultaneously. to prevent large, sudden drops in the value of securities markets, electronic systems rely on to temporarily close program trading. subprime markers circuit breakers price-points bear markets