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3 years ago

The consumers union has proved effective in forcing businesses to change unethical behavior

Business

1 answer:

ra1l [238]3 years ago

6 0

Answer: True

Explanation:

Because of Consumer unions, businesses can not maltreat consumers any more or not take care of issues that concerns them. For example a consumer's broken ribs after falling down because of a slippery floor in a store. The business is responsible if they did not put up a sign to warn consumers.

Consumer unions fight for the rights of consumers. If the business does not respect the rights of the consumer, the Consumer union can sue them.

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Berning Company purchased a tractor at a cost of $180,000. The tractor has an estimated salvage value of $20,000 and an estimate

scoundrel [369]

Answer:

$38,000 loss

Explanation:

For calculation of entry to record the sale of the tractor first we need to determine the total depreciation and net book value on Jan 1, 2018 which is shown below:-

Total depreciation = (Tractor cost - Salvage value) × (Hours in 2016 + Hours in 2017) ÷ Hours of operation

= ($180,000 - $20,000) × (2,400 + 2,100) ÷ 10,000

= $72,000

Net book value on January 1, 2018 = Tractor cost - Total depreciation

= $180,000 - $72,000

= $108,000

Loss on sale = Sold tractor amount - Net book value on January 1, 2018

= $70,000 - $108,000

= $38,000

8 0

3 years ago

Kordel Inc. acquired 75% of the outstanding common stock of Raxston Corp. Raxston currently owes Kordel $500,000 for inventory a

Nady [450]

Answer:

what amount of Raxston’s liability should be eliminated? d.$500,000

Explanation:

At different levels of the consolidation, certain intercompany payables and receivables balances must be eliminated. Eliminations are only required in the context of a consolidation where the trading parties are both included in a given consolidation.

8 0

3 years ago

The following accounts and their balances appear in the ledger of Goodale Properties Inc. on June 30 of the current year: Common

Katyanochek1 [597]

Answer:

Explanation:

Particulars Amount

Common stock $15 par value 594,000

Paid-In Capital in Excess of Par—Common Stock 15,840

Total Paid-In Capital 609,840

From sale of Treasury stock 24,400

Add: Retained Earnings 932,000

Deduct: Treasury Stock (645 shares) 12,255

Total Stockholders' Equity 1,553,985

3 0

3 years ago

Brown Street Grocers has a cost of equity of 11.8 percent, a pre-tax cost of debt of 6.9 percent, and a tax rate of 35 percent.

Nastasia [14]

Answer:

The correct answer to the following question is option E) 9.06% .

Explanation:

Here the cost of equity given is - 11.8%

Pre tax cost of debt- 6.9%

Tax rate- 35%

So the after tax cost of debt - 6.9% x 65%

= 4.485%

The debt to equity ratio - .6

So the weight of debt - .6 / ( 1 + .06 )

= .375

Weight of equity - 1 / ( 1 + .06 )

= .625

Weighted average cost of capital =

Debts cost x weight of debt + Equity cost x weight of equity

= 4.485 x .375 + 11.8 x .625

= 1.681875 + 7.735

= 9.06%

7 0

3 years ago

Project A as well as project B require an initial investment of $1,050,000, have a 6-year life, and have expected total cash inf

miss Akunina [59]

Answer:

Proposal A

3.75 years

Proposal B

3.375 years

Explanation:

Proposal A

Payback = 3.75 years

Year Cash Inflow Initial Investment Balance Year Count

0 0 1,050,000

1 $280,000 770,000 1

2 $280,000 490,000 2

3 $280,000 210,000 3

4 $280,000 0 *3.75

* 1050,0000 / 280,000 = 3.75 years

Proposal B

Payback = 3.375 years

Year Cash Inflow Initial Investment Balance Year Count

0 0 1,050,000

1 $350,000 700,000 1

2 $3150,000 385,000 2

3 $280,000 105,000 3

4 $280,000 0 *3.375

* ( 3 + ( 105,000 / 280,000 ) ) = 3.75 years

5 0

3 years ago