Answer:
The correct answers are: a. corporate citizenship; b. a socioeconomic model.
Explanation:
Corporate citizenship (CC) is a company's contribution to society and its environment. Companies are not isolated entities, legal persons separated from society, but are part of the community in which they carry out their activity. Consequently, their acts have effects in the social, productive and / or ecological sphere.
Socio-economic models are the different economic measures that countries have been adopting and are explained by the three waves of regionalism that explain how the Latin American market is adopting new strategies and is opening more to the global market to this day.
Answer: $22,500
Explanation:
First calculate the rate of allocation based on sales to determine how much of Department T's sales should be attributed to Advertising.
The Rate of Allocation based on Sales = Advertising Expense/Total sales
= 50,000/475,000
= 0.105263
= 10.5263%
This 10.5% can then be used to find out how much of Advertising to apportion to Department T based on department sales,
= Department sales * Allocation rate
= 213,750 * 10.5263%
= $22,500
$22,500 should be allocated to Department T.
Opportunity cost refers to the loss of other alternatives when one alternative is chosen, that is, it is the benefits given up when decision is made to chose another benefit.
In the question given above, the best offer is $110,000. If Boris accept the best offer, then his opportunity cost will be the $105,000 and the $95,000 which he gave up.
Answer:
The factory overhead allocated per unit of Blinks is b.$19.50
Explanation:
It is Important to note that Ramapo Company uses a single plantwide overhead rate to apply all factory overhead costs based on direct labor hours.
A plant Wide Overhead rate is a function of the Total Overheads of a Company divided by the Total Labor Hours in the Company
<u>Total Overheads:</u>
Fabrication Department $84,000
Assembly Department $72,000
Total $156,000
<u>Total Labor Hours :</u>
Fabrication Department 0
Assembly Department ( 1,000 × 4) + (2,000×2) 8,000
Total 8,000
Note : <em>labor hours take place only in the Assembly Department</em>
<u>Plantwide overhead rate :</u>
Plantwide overhead rate = Total Overheads / Total Labor Hours
= $156,000 / 8,000
= $ 19.50