All categories

3 years ago

Why has climate change become a major issue for both business and government?

Business

1 answer:

loris [4]3 years ago

8 0

The change in climate patterns affects the entire planet.

Although climate change is occurring at a relatively mild pace at the moment, one possible outcome in the future of increased environmental damage is more rapid climate change.

You might be interested in

Muckenthaler Company sells product 2005WSC for $30 per unit. The cost of one unit of 2005WSC is $27, and the replacement cost is

valentina_108 [34]

Answer:

The product 2005WSC should be reported at $26 per unit.

Explanation:

The lower-of-cost-or-market (LCM) method is a method of recording the inventory of a company which requires that the inventory cost of the company must recorded at whichever is lower between the inventory's original cost or current market price.

Applying lower-of-cost-or-market, the amount per unit at whcih product 2005WSC should be reported can be determined as follows:

Net realizable value (NRV) = Selling price per unit - Cost of disposal per unit = $30 - $3 = $27

Replacement cost (RC) = $26

NRV - Profit Margin = $27 - ($30 * 40%) = $15

Cost per unit = $27

Note that the market is the middle value of Net realizable value (NRV), $27; Replacement cost (RC), $26; and "NRV - Profit Margin", $15. Since the Replacement cost (RC) of $26 is the middle value, that the market value.

Since the market value of $26 per unit is lower than Cost per unit of $27, by applying lower-of-cost-or-market, the product 2005WSC should be reported at $26 per unit.

3 0

3 years ago

Center Company makes collections on sales according to the following schedule: Cash collections in March should be budgeted to b

Bezzdna [24]

Complete Question:

Center Company makes collections on sales according to the following schedule:

30% in the month of sale

60% in the month following sale

10% in the second month following sale

The following sales are expected:

Expected Sales

January $ 141,000

February $ 155,000

March $ 146,000

Cash collections in March should be budgeted to be:

A. $146,500.

B. $146,000.

C. $136,800.

D. $150,900.

Answer:

Center Company

Cash collections in March should be budgeted to be:

D. $150,900.

Explanation:

a) Data and Calculations;

January February March

Expected Sales $141,000 $155,000 $146,000

Cash Collections:

30% month of sale 42,300 46,500 43,800

60% following sale 84,600 93,000

10% second month 14,100

Total budgeted cash collections in March $150,900

Cash collections for March:

30% in the month of sale = $43,800 ($146,000 * 30%)

60% in the month following sale = $93,000 ($155,000 * 60%)

10% in the second month following sale = $14,100 ($141,000 * 10%)

6 0

3 years ago

Fairview Hospitals has three divisions (service lines). They are General Clinics, Specialty Clinics and Pharmacy Services. The s

maxonik [38]

Answer:

General Specialty Pharmacy

Sales $1,400,000 $600,000 $420,000

Variable cost $520,000 $360,000 $280,000

Contribution margin A $880,000 $240,000 $140,000

Fixed Expenses B $510,000 $420,000 $290,000

Net income/(Loss) (A-B) $370,000 ($180,000) ($150,000)

3 0

3 years ago

Depreciation:

iragen [17]

Answer:

B. Is the process of allocating the cost of a plant asset to expense.

Explanation:

Depreciation is an expense indicating a reduction in the value of the capital assets due to tear and wear, obsolescence, consumption, time span, etc. It's listed on the income statement debit side. It is a non-cash item that has no effect on the cash balance.

Moreover, it is a process in which there is an allocation of the cost of fixed assets to the expense account over their estimated useful life

4 0

3 years ago

The following is a trial balance of Barnhart Company as December 31, Year 1: Account Title: Debit Credit Cash 12,500 Accounts Re

Tanzania [10]

Answer:

The total amount of assets is 15,750.

Explanation:

Reproducing the trial balance below for clarity:

Account Title Debit Credit

Cash 12,500

Accounts Receivable 3,250

Accounts Payable 2,800

Common Stock 6,600

Retained Earnings 4,500

Service Revenue 7,450

Operating Expenses 5,100

Dividends 500

Total 21,350 21,350

Calculation of Total Assets:

Total assets = Cash + Accounts Receivable

= 12,500 + 3,250

= 15,750

Note that among the given accounts, accounts cash and accounts receivable are assets; accounts payable is a liability; common stock and retained earnings are part of the capital; service revenue is a form of revenue; while operating expenses and dividends are expenses.

7 0

4 years ago