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2 years ago

despite recent pressure from stockholders to increase profits Global oil or Global petroleum organization has

1 answer:

4 0

despite recent pressure from stockholders to increase profits Global oil or Global petroleum organization has---- True .

Reason :

Acting socially responsible means deliberate actions by the management to protect and promote the interests of society. The concept of corporate social responsibility encourages enterprises to make decisions that do not maximize profits only but also benefit other members of society, such as consumers, employees, and the community.

The management of Global oil is acting in the best interest of consumers by not increasing prices to maximize profits. By following the laws of the country, the management is proving that there are not interested in not profits only, but they are responsible citizens.

Stockholder named as shareholder :

A shareholder of a corporation is an individual or legal entity that is registered by the corporation as the legal owner of shares of the share capital of a public or private corporation. Shareholders may be referred to as members of a corporation.

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Last year’s sales were $9,815,000 and are projected to increase by 4.5% for next year. Last year’s expenses were 41% of last yea

Nutka1998 [239]

Answer:

t oadvertize there is 1,435,164.80 dollars available.

Explanation:

Sales: 9,815,000 x (1 + 4.5%) = 10,256,675.00

general expenses are 41% of sales but will decay by 1.5%

10,256,675 x (0.41) x (1 - 0.015) = 4,142,158.20

Profit will increase by 2%

4,587,600 x (1 + 2%) = 4,679,352

The amount available for advertizing spending is the difference between sales and the cost and profit:

sales - expenses - advertizing = profit

sales - expenses - profit = advertizing

advertizing = 10,256,675.00 - 4,142,158.20 - 4,679,352

advertizing = 1,435,164.80

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3 years ago

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