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gogolik [260]
2 years ago
15

As a recent college graduate, Eli started working for an export trading company. His job has already taken him around the globe

on several occasions. He was amazed to see the difference in working conditions in the developing nations he visited, as opposed to similar operations in the United States. The expectations of workers were not the same. Eli's experience is an example of
Business
1 answer:
Eduardwww [97]2 years ago
4 0

Eli's experience of the differences in the working conditions in the developing nations with the United States is an example of (B) social responsibility differences between similar firms, but in different countries.

<h3>What is corporate social responsibility?</h3>

Corporate social responsibility refers to the approach adopted by entities to respond to social justice in their environments.

Entities engage in corporate social responsibility in four major areas:

  • Environmental Responsibility
  • Ethical Responsibility
  • Philanthropic Responsibility
  • Economic Responsibility.

<h3>Question Completion with Answer Options:</h3>

(A) corporate philanthropy differences in different countries.

(B) social responsibility differences between similar firms, but in different countries.

(C) the difference in corporate social initiatives in foreign nations.

(D) the need for whistleblowers abroad.

Thus, Eli's experience of the differences in the working conditions in the developing nations with the United States is an example of (B) social responsibility differences between similar firms, but in different countries.

Learn more about corporate social responsibilities at brainly.com/question/1373962

#SPJ12

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Manning Manufacturing Inc. had the following items that require adjustment at year end.
Ostrovityanka [42]

Answer:

1. a. Debit   Salaries                      $5,320

       Credit  Accrued Salaries      $5,320

Being accrued salaries for December 31

 b. Debit    Utilities                      $1,970

     Credit  Accrued Utilities        $1,970

Being accrued Utilities  for December 31

  c. Debit    Interest                      $925

      Credit  Accrued Interest        $925

Being accrued Interest note payable for December 31

2.  Income statement will be overstated by the sum of $8,215

Explanation:

The are the adjusting entries needed at December 31.

1. a. Debit   Salaries                      $5,320

       Credit  Accrued Salaries      $5,320

Being accrued salaries for December 31

 b. Debit    Utilities                      $1,970

     Credit  Accrued Utilities        $1,970

Being accrued Utilities  for December 31

  c. Debit    Interest                      $925

      Credit  Accrued Interest        $925

Being accrued Interest note payable for December 31

2.  The effect on the financial statements if these adjusting entries are not made is that the income statement will be overstated by the sum of $8,215 , Below is the computation:

      Salaries                      $5,320

       Utilities                      $1,970

        Interest                 <u>      $925     </u>

      Total expenses      <u>     $8,215     </u>

8 0
3 years ago
What is the maturity date of a loan for $4,000 at 15% exact interest taken out on June 7? The amount of interest on the loan was
Annette [7]

Answer:

The loan is due on August 18th

Explanation:

Simple interest is defined as the amount that is paid on a loan over a period of time. The interest is paid along with the principal in the course of loan tenure.

The formular for simple interest bis given as

Interest= principal* Interest rate* time

We are to calculate the loan duration and it was disbursed on June 7.

120= 4,000* 0.15* time

Time = 120/(4,000*0.15)= 0.2 years

Time = 0.2* 365 days

Time= 73 days

Therefore the loan is due on August 18th

6 0
3 years ago
Harris Fabrics computes its plantwide predetermined overhead rate annually on the basis of direct labor-hours. At the beginning
KonstantinChe [14]

Answer:

The company’s plant wide predetermined overhead rate for the year is $23.70

Explanation:

The computation of the predetermined overhead rate is shown below:

= (Fixed manufacturing overhead cost ÷ direct labor-hours) + variable manufacturing overhead per direct labor hour

= ($564,000 ÷ 26,000 hours) + $2 per direct labor hour

= $21.69 + $2 per direct labor hour

= $23.70

The other items which are mentioned in the question are not considered in the computation part. So, these parts should be ignored.

6 0
3 years ago
On June 1, 2019, Red Corporation purchased an existing business. With respect to the acquired assets of the business, Red alloca
algol13

Answer:

$11,666.67                

Explanation:

Data given in the question

Allocated purchase price to a patent = $300,000

Patent expiring period = 20 years

According to the section 197 , Legal life of the patent = 15 years

Since the legal life of the patent is 15 years so it would be amortized in 15 years itself

Now the amortization expense is

= $300,000 ÷ 15 years

= $20,000

Now the total amount for 7 months is

= $20,000 ÷ 12 months × 7 months

= $11,666.67

5 0
4 years ago
Cox Engineering performs cement core tests in its laboratory. The following standards have been set for each core test performed
MA_775_DIABLO [31]

Answer:

1200 U

Explanation:

Standard of material usage:

Material required 3 pounds per test

2000 core tests performed

Standard usage : 2,000 test * 3 pound per test = 6000 pounds

Actual usage of material = 7,200

Variance = 1,200 unfavorable.

5 0
4 years ago
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