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2 years ago

The law creates the foundation for ethical behavior. True False

Business

1 answer:

Genrish500 [490]2 years ago

5 0

Answer:

True.

Explanation:

The law can be defined as the system of principles, regulations and rules established by legislature, that is adopted in a community, society or country to regulate the actions of its citizens, members or employees.

The law is a tool used by individuals, organizations, and even government to ensure everybody is well behaved, non-criminal and civil in their actions.

The law creates the foundation for ethical behavior.

In circumstances where there are aberration, the law is enforced as a punishment and penalty.

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With regard to age segmentation, the tween and teenage cohort following the Millennials is sometimes called

kogti [31]

Answer:

<u>c.</u> Generation Z

Explanation:

7 0

2 years ago

Tracy Company, a manufacturer of air conditioners, sold 270 units to Thomas Company on November 17, 2021. The units have a list

coldgirl [10]

Answer:

November 17, 2021

Dr. Inventory $81,000

Cr. Account payable $81,000

November 26, 2021

Dr. Account Payable $81,000

Cr. Discount Income $2,430

Cr. Cash $78,570

December 15, 2021

Dr. Account payable $81,000

Cr. Cash $81,000

Explanation:

Sales Amount = 270 units x $400 = $108,000

Discount = $108,00 x 25% = $27,000

Net Sales = $108,000 - $27,000 = $81,000

Terms of sale 3/10, n/30 means there is a discount of 3% is available on payment of due amount within discount period of 10 days after sale with net credit period of 30 days.

Payment made on

November 26, 2021

As the payment is made within discount period, so discount will be availed

Discount = $81,000 x 3% = $2,430

Cash received = $81,000 - $2,430 = $78,570

December 15, 2021

As the payment is made after discount period, so no discount will be availed. Full payment of $81,000 will be made.

3 0

3 years ago

A balance is _____.

Serggg [28]

Answer:

money you pay banks

Explanation:

8 0

3 years ago

What is the most important difference between a corporation and all other organizational forms?

babunello [35]

Answer:

Separate legal entity and taxation process

Explanation:

In a corporation, unlike in other forms of business, the owners and business are treated separately under the law. This principle is referred to as separate legal entity concept.

So for any contracts or deals entered into by a corporation, the owners cannot be held personally liable or asked to make good the losses incurred due to entering into those contracts unless of course if owners acted with mala fide intentions to earn personal profits. In short, owners personal assets cannot be taken away.

Secondly, the taxation slab applicable to corporations is also different in the sense corporations pay taxes on dividend paid. Secondly, when such dividend forms part of the revenue of shareholders, tax is again paid on that dividend income, this time by the shareholder. So in a way, shareholders get taxed twice, since in the first case, the company paying dividend recovers the tax on dividend paid from shareholders. This is referred to double taxation.

4 0

2 years ago

Lotsa Lenses paid a dividend of $1.17 last year and plans a dividend growth rate of 3.70% indefinitely. Lotsa’s stock price is n

Hatshy [7]

Answer:

12.10%

Explanation:

Given that,

Dividend paid last year = $1.17

Dividend growth rate = 3.70%

Stock price = $14.44

Dividend for the next period:

= Dividend paid last year × (1 + Dividend growth rate)

= $1.17 × (1 + 0.037)

= $1.17 × 1.037

= $1.21329

Return expected:

= (Dividend for the next period ÷ Current price) + Growth rate

= ($1.21329 ÷ $14.44) + 0.037

= 0.0840 + 0.0370

= 8.40% + 3.70%

= 12.10% (Approximately)

6 0

2 years ago