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1 year ago

What is corporate social performance and how does this differ from traditional corporate performace?

1 answer:

4 0

Corporate social performance refers to the tenets, practices, and results of a company's interactions with individuals, groups, and the environment, including both the intentional and unforeseen effects of those interactions.

<h3>Why is corporate social performance important?</h3>

According to research, CSR enhances the value of the product, and customers are more likely to be motivated to increase the perceived value and degree of pleasure with the products provided by socially responsible businesses than by those that are not.

Corporate social responsibility is a related idea (CSP). Most of the time, CSP is a development of the idea of CSR that places an emphasis on actual results obtained rather than the generic idea of corporations' accountability or obligation to society. CSP follows naturally from CSR as a result.

A corporation engages in corporate social responsibility (CSR) when it goes above and beyond the law's requirement that it only pursue financial gain and takes measures that benefit society as a whole.

Learn more about corporate social performance here:

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The answer to this question is A

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Raw Materials Inventory, beginning to balance $36,000

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Answer:

1. Journal Entry Debit Credit

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Accounts payable $73,400

(Being raw materials purchase on credit)

2. Journal Entry Debit Credit

Work in process $64,300

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<u>Raw Material Inventory Account</u>

Beginning balance $36,000 | Work in process $64,300

Purchase $73,400 | <u> </u>

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3 years ago

An aging of a company's accounts receivable indicates that $8,000 are estimated to be uncollectible. If Allowance for Doubtful A

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Answer:

c. debit to Bad Debts Expense for $6,900.

Explanation:

Allowance for Doubtful Accounts $1,100 credit balance,

Estimated Un collectibles $8000 credit

Required Adjustment $ 6900 credit

The adjustment to record bad debts for the period will require a

c. debit to Bad Debts Expense for $6,900.

Bad Debt Expense $ 6900 Dr

Allowance for Doubtful Accounts $ 6900 Cr

Alternatively if the allowance account had a debit balance the entry would have been posted adding the two amounts.

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3 years ago

Selling a product abroad for less than the cost of production is referred to as

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The answer would be A because they are basically dumping the product on the other country

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3 years ago

According to liquidity preference theory, the money-supply curve would shift rightward a. if the Federal Reserve chose to increa

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According to liquidity preference theory, there is a rightward shift in the money supply curve when the federal reserve decides to raise the money supply.

Option A is the correct answer.

<h3>What is a federal reserve?</h3>

The federal reserve is the central banking authority in America which was established in the year 1913 under the Federal Reserve Act.

When the federal reserves increase the money supply then the money supply curve moves in the right direction and when the federal reserve decreases the money supply then the money supply moves toward the left. This shows a direct relationship between the federal reserve and the money supply curve.

Therefore, there is a rise in money supply by the Federal reserve causing the money supply curve to shift in the right direction.

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2 years ago