Assignment:
Like any business communication, responses must be supported with logical arguments and should be succinct. In total, response to Parts 1 and 2 of this assignment should be in the range of 400 to 600 words.
Part 1
Companies such as BMO have developed detailed codes of conduct for their employees, subsidiaries, and their board of directors. BMO's code of conduct can be found on-line at BMO.com.
a) Why do companies prepare a code of conduct?
b) In your opinion, which of the five principles of BMO's Code of Conduct is most important and why do you think it is more important than each of the other four?
Part 2
Find, read, and study Saint Mary's rules on Academic Integrity and Student Responsibility (Academic Regulation 19).
a) Choose one of the five fundamental values stated in the regulation and comment on why it is important.
b) Should Saint Mary's (or any university) have such a regulation - why or why not?
Part 3
Various Cost and Sales data for Baxter Inc. are given below for the year ending June 30, 2016.
|
Purchases of Raw Materials
|
$100,000
|
|
Raw Materials Inventory, Beginning
|
10,000
|
|
Raw Materials Inventory, Ending
|
17,000
|
|
Depreciation, Factory
|
52,000
|
|
Insurance, Factory
|
5,000
|
|
Direct Labour
|
60,000
|
|
Maintenance, Factory
|
30,000
|
|
Administrative Expenses
|
70,000
|
|
Sales
|
450,000
|
|
Utilities, Factory
|
35,000
|
|
Supplies, Factory
|
1,000
|
|
Selling Expenses
|
80,000
|
|
Indirect Labour
|
75,000
|
|
Work in Process Inventory, Beginning
|
7,000
|
|
Work In Process Inventory, Ending
|
30,000
|
|
Finished Goods Inventory, Beginning
|
20,000
|
|
Finished Goods Inventory, Ending
|
40,000
|
a) Prepare a Schedule of Cost of Goods Manufactured and an Income Statement for the year ending June 30, 2016. The Income Statement must include a Cost of Goods Sold segment in good form.