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lord [1]
1 year ago
14

The most fundamental reason for having a safety-friendly corporate culture is competition. true or false

Business
1 answer:
Vlad [161]1 year ago
8 0

True, the most fundamental reason for having a safety-friendly corporate culture is competition.

<h3>What is corporate culture?</h3>

Corporate culture refers to the attitudes and behaviors that govern how employees and management interact in a corporation.  Corporate culture is frequently suggested rather than explicitly stated, and it evolves organically over time from the cumulative attributes of the people the firm hires.  National cultures and customs, economic trends, international trade, company size, and goods all have an impact on corporate culture.

Corporate cultures, whether designed or naturally developed, penetrate to the core of a company's concept and practice, affecting every area of the business. The culture of a firm will be reflected in its dress code, business hours, office layout, and many other aspects of operations.

To learn more about corporate culture, visit:

brainly.com/question/28271127

#SPJ4

You might be interested in
Orion Iron Corp. tracks the number of units purchased and sold throughout each year but applies its inventory costing method at
sammy [17]

Answer:

Part 1.

Number = 2,000 units and Cost  = $26,800

Part 2.

1,040 units

Part 3.

a. FIFO

Ending Inventory  = $14,580

Cost of Goods Sold  = $12,220

b. LIFO

Ending Inventory = $13,180

Cost of Goods Sold  = $13,620

c. Weighted Average Cost

Ending Inventory = $13,936

Cost of Goods Sold = $12,864

Part 4.

Orion Iron Corp.

Income Statement

                                            FIFO               LIFO         Weighted Average

Sales (960 x $42)          $40,320          $40,320               $40,320

Less Cost of Sales        ($12,220)         ($13,620)               ($12,864)

Gross Profit                    $28,100          $26,700                $27,456

Less Expenses

Operating Expenses    ($18,000)         ($18,000)              ($18,000)

Net Income                     $10,100            $8,700                 $9,456

Part 6.

Weighted Average method minimizes Income taxes as it provides lowest profits than the rest of the methods.

Explanation:

Periodic Inventory method ensures that Cost of Sales and Inventory Value are determined at the end of the period.

Cost of Goods Available for Sale = Beginning Inventory + Purchases

therefore,

Number = 350 + 950 + 700 = 2,000 units

Cost = 350 x $14 + 950 x $12 + 700 x $15 = $26,800

Units in Ending Inventory = Units available for sale - Units sold

therefore,

Units in Ending Inventory = 2,000 - ( 350 + 610 ) = 1,040

FIFO

<em>This method assumes that the units to arrive first, will be sold first.</em>

Ending Inventory =  340 x $12 + 700 x $15 = $14,580

Cost of Goods Sold = 350 x $14 + 610 x $12 = $12,220

LIFO

<em>This method assumes that the units to arrive last, will be sold first.</em>

Ending Inventory = 690 x $12 + 350 x $14 = $13,180

Cost of Goods Sold = 700 x $15 + 260 x $12 = $13,620

Weighted Average Cost

This method calculates a new unit cost based on units available for sale after each and every purchase. This unit cost is then used to determine the cost of sales and inventory value.

Unit Cost = Total Cost ÷ Units available for sale

                = $26,800 ÷ 2,000 units

                = $13.40

Ending Inventory = Units in Inventory x Unit Cost

                             = 1,040 x $13.40

                             = $13,936

Cost of Goods Sold = Units Sold x Unit Cost

                                 = 960 x $13.40

                                 = $12,864

3 0
3 years ago
To manage a diverse organization effectively, managers should first:
Alex777 [14]
I’d say A as b and c don’t make a lot of sense in the context. For example look at your staff, if some people excel working alone place those people in roles where they are personally responsible for that one thing. If others need a group of people to increase productivity then place a group of people together that you think will work well in charge of a bigger project. I hope that helps!
4 0
3 years ago
What would be helpful in analyzing positive and negative trends and being able to adjust for them in the advertising plan?
Lostsunrise [7]

Answer:

What would be helpful in analyzing positive and negative trends and being able to adjust for them in the advertising plan?

periodic evaluations

Explanation:

periodic evaluations gives room for adjust trends periodically in the advertisement plan, it ensures thorough analysis is carried out often in order to maximize profits while at the same time meets customers demand

7 0
3 years ago
Abbie Marson is the sole owner and operator of Great Plains Company. As of the end of its accounting period, December 31, Year 1
Allisa [31]

Answer:

b. $103,345

Explanation:

Assets = Liabilities + Owner's Equity

Owner's Equity (Year 1) = $908,100 - $267,845

                                       = $640,255

Owner's Equity (Year 2) = $980,279 - $233,892

                                        = $746,387

increase in Owner's Equity = Owner's Equity (Year 2) - Owner's Equity (Year 1)  

                                             = $746,387 - $640,255

                                             = $106,132

Net income during Year 2 = Increase in Owner's Equity - Additional investment + Withdrawals

                                            = $106,132 - $28,658 + $25,871

                                            = $103,345

Therefore, the amount of net income during Year 2 is $103.345.

7 0
3 years ago
Which of the following best describes deflation?
choli [55]
I believe the answer is A) A decrease in the cost in the goods and services.
7 0
3 years ago
Read 2 more answers
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