1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Alenkinab [10]
3 years ago
13

…consider all the surplus revenues with come to him simply as trust funds, which he is called upon to administer… in a manner wh

ich, in his judgment, is best calculated to produce the most beneficial results for the community. this reflects the philosophy of:
Business
1 answer:
klio [65]3 years ago
5 0
This reflects the philosophy of Andrew Carnegie.
He was a famous businessman, who is actually even now considered to be one of the richest people ever. However, he was a philanthropist as well, having donated over $350 million to various charities. The sentence above was his philosophy.
You might be interested in
What factors does the government consider in deciding whether to approve the merger?
sleet_krkn [62]

<span>Some of the factors considered by the government prior approving merger include how well the market is being defined. Then the other is to know the previous market share of the merging company/firms before and after the merger. The government will accept those with benefits to the customer and disapprove the mergers that will make only the market more concentrated.</span>

4 0
3 years ago
14. Your opportunity cost of funds can be expressed as 6% per year, compounded quarterly. Assume now that the internship pays $8
zloy xaker [14]

Answer:

$7,960.4

Explanation:

Here

Yearly rate is 6% which means that quarterly rate would be 1.5% which is one fourth of yearly rate (6% * 1/4).

Monthly internship is $8,000.

Now by using the present value model, we have:

Present Value = Future Value / (1  +  r)^t

Here t will be one third (1/3) as we are calculating the present value of a salary and the rate that we are using is quarterly which means one month is one third of a quarter (1/3).

This Implies that:

Present Value = $8,000 / (1   +  1.5%)^(1/3)

= $7,960.4

7 0
3 years ago
After the accounts have been adjusted at April 30, the end of the fiscal year, the following balances were taken from the ledger
Amanda [17]

Answer:

Explanation:

Apr-30

Dr Felix Godwin, Capital 20,055

Dr Fees earned 381,030

    Cr Wages expense 294,900

    Cr Rent expense 70,800

    Cr Supplies expense 26,540

    Cr Miscellaneous expense 8,845

Apr-30

Dr Felix Godwin, Capital 38,000

   Cr Felix Godwin, Drawing 38,000

3 0
3 years ago
Effective collaboration requires a proactive and holistic strategy that integrates business goals and technology potential. T/F
Whitepunk [10]

Answer:

True

Explanation:

Collaboration in organizations requires a strategy capable of using all the resources availables to reach the goals provided by the strategic planning. In a globalized world these goals need to be manage with speed and effciency, here is were the technology displays all the real potential of organizations.

4 0
3 years ago
$400 invested with compound interest at a rate of 3% per year for 2 years. Formula: M = P(1+ i)n
max2010maxim [7]

Answer:

$424.36

Explanation:

The applicable formula =M= P ( 1+ r)^2

Where M is the amount after two years

P = principal amount: $400

r = interest rate: 3% or 0.03

n =number of period :2

M= $400 x ( 1+ 0.03) ^ 2

M=$400 x 1.0609

M= $424.36

7 0
3 years ago
Other questions:
  • A business has spent $50 million dollars on development of a new laptop. It must spend an additional $20 million to bring the fi
    14·1 answer
  • What is the best reason for Jacinta to have a savings account in addition to a checking account?
    11·2 answers
  • Question help mantua motors is evaluating a capital investment opportunity. this project would require an initial investment ofâ
    7·1 answer
  • What is one way that economics can influence your daily life?
    5·1 answer
  • If, when the price of a product rises from $2 to $3, the quantity demanded of the product decreases from 600 to 400, the price e
    7·1 answer
  • Which of the following is necessary to create an agency relationship? a. consideration b. an agent with contractual capacity c.
    11·1 answer
  • Celeste transferred 100 percent of her stock in Supply Chain Company to Marketing Corporation in a Type A merger. In exchange, s
    15·1 answer
  • Some credit card companies are making credit scores available to all of their customers on their monthly statements. What impact
    12·1 answer
  • Joe and Janice run an accounting firm. The firm receives $5,000,000 as income from its services. It pays an annual rent for offi
    12·1 answer
  • ____________ reflects the understanding that the cost of repairing an unexpected breakdown is usually much greater than preventa
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!