Answer: Defensive
Explanation: The defensive approach to social responsibility is not much used by the companies nowadays, but companies following this approach meet their social responsibility objectives better than other.
The main focus on this approach is to make profits but managers make sure that they operate within the boundaries of law so that no legal action will be taken against them.
In the given case, the stockholder does not want any trouble with the clients whether legally or personally, thus, we can conclude that he is following defensive approach.
Answer:
Entries for December 31:
20000 x 2/10 : $4000
Dr salary expense : $4000
Cr salary payable : $4000
Entries for January 10:
Dr salary expense : $16000
Dr salary payable :$ 4000
Cr cash : $20000
<span>In order to calculate the cost, 785000, the number of candles per year is multiplied times six, for the number of minutes it takes to mold them. That number is then divided by 60 because there are 60 minutes in an hour. Then that number is multiplied by 18 because that is the cost of molding per hour. Doing this gives the labor cost for a year, $1,413,000. To calculate materials cost, multiply 487125, the cost of wax needed by 1.25, the cost per pound. The cost of materials for the year is 608,906.25.</span>
Answer:
Net income = $33,000
Cash inflow from operating activities = $28,000
Explanation:
Given:
Earned 1st year = $33,000
Cash collections =e $28,000
Amount remain for 2nd year = Earned 1st year - Cash collections
Amount remain for 2nd year = $33,000 - $28,000
Amount remain for 2nd year = $5,000
Income must be recorded when it get.