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2 years ago

Corporate social responsibility (csr) means that a corporation should:

1 answer:

6 0

<span>Corporate Social Responsibility (CSR) can be described as an approach of business that contributes to continuous development of business by providing/delivering economic, environmental and social benefits to all the stakeholders of the company. CSR means that a corporation should take accountability of its actions on people, community and the environment in which it exists.</span>

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Nico is saving money for his college education. He invests some money at 99%, and $17001700 less than that amount at 4 %.4%. T

Rufina [12.5K]

Answer:

Nico invest $2500 at 9% interest rate and $800 at 4% interest rate.

Explanation:

He invests some money at 9%, and $1700 less than that amount at 4 %.

Let Nico invest $x at 9%.

It means he invest $( x-1700) at 4%.

The investments produced a total of $257 interest in 1 yr.

$x\times \frac{9}{100}+(x-1700)\times \frac{4}{100}=257$

$0.09x+(x-1700)0.04=257$

$0.09x+0.04x-68=257$

$0.13x-68=257$

Add 68 on both sides.

$0.13x=257+68$

$0.13x=325$

Divide both sides by 0.13.

$x=2500$

Nico invest $2500 at 9% interest rate.

$x-1700=2500-1700=800$

Nico invest $800 at 4% interest rate.

Therefore Nico invest $2500 at 9% interest rate and $800 at 4% interest rate.

5 0

2 years ago

Assume that Simple Co. had credit sales of $258,000 and cost of goods sold of $158,000 for the period. Simple uses the aging met

Sphinxa [80]

Answer: The amount of bad debt expense the company would record would be $3,470.

Explanation: Bad debt expense is an estimate of accounts receivable that is deemed as uncollectible while allowance for doubtful accounts is a balance sheet allowance account that warehouses the total balance of accounts receivable that is deemed irrecoverable.

In this scenario, Simple Co. estimated, using the aging method, that the allowance for doubtful accounts is $3,800. However, it had a credit balance of $330 in the same account. The reinstate the allowance account to $3,800, $3,470 has to be adjusted for by debiting bad debt expense and crediting allowance for doubtful account.

3 0

2 years ago

Edelman Engines has $5 billion in total assets — of which cash and equivalents total $90 million. Its balance sheet shows $1 bil

masha68 [24]

Answer:

Edelman's market/book = 2.29

Edelman's EV/EBITDA = 10.52

Explanation:

Firstly, we need to calculate enterprise value (EV) & fiem value (FV) of Edelman Engines as below:

EV = Market value of equity + Net market value of debt

= Stock price x Number of share outstanding + (Debt - Cash)

= 24 x 0.3 + (3.25 + 1 - 0.09) = 11.36

FV = Market value of equity + Market value of debt

= Stock price x Number of share outstanding + Market value of debt

= 24 x 0.3 + 3.25 + 1 = 11.45

Edelman's market/book = FV/Total asset = 11.45/5 = 2.29

Edelman's EV/EBITDA = 11.36/1.08 = 10.52

5 0

3 years ago

Early in 2022, Stevenson Incorporated switched to a JIT (just-in-time) inventory system. Financial information for the two most

gregori [183]

Answer:

3.8 times

Explanation:

Inventory turnover indicates how many times a company sells and replaces its stock of goods during a particular period. The formula for inventory turnover ratio is the cost of goods sold divided by the average inventory for the same period.

$ 320,000 / 63,000 = 5.1 times in 2022

$283,500 / 32,000 = 8.9 times in 2023

Therefore inventory turnover increase as a result of the switch to the JIT system by 8.9 times - 5.1 times = 3.8 times

5 0

2 years ago

According to the inequality, the marginal utility per dollar spent on good X is less than the marginal utility per dollar spent

polet [3.4K]

Answer:

The answer is: Consume more good Y and less good X.

Explanation:

The marginal utility of good Y is greater than the marginal utility of good X. This means that an extra unit consumed of good Y will give the consumer a grater satisfaction than consuming an extra unit of good X. So if the consumer wants to increase his total utility (satisfaction) he should buy more units of good Y.

8 0

3 years ago