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julia-pushkina [17]
3 years ago
10

The duty of a firm to maximize profits for its owners or stockholders is referred to as _________.

Business
1 answer:
kherson [118]3 years ago
7 0

<span>Profit responsibility refers to the duty of a firm to maximize profits for its owners or stockholders. They should maximize and balance profit-making activities that will benefit the society in general.  There is a need to contribute </span>o avoid or reduce negative publicity or generate positive press to improve your brand.

<span> </span>

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Do personal profits earned directly as a result of one partner's connection with the partnership belong to the firm:_________
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Answer:

No

Explanation: The key word is it was earned as result of the connection to the firm so it is split between the partners

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A friend asks you what sort of interest-simple or compound- is better. What would your answer be, and why?
Bas_tet [7]

Answer:

Compound interest is better than simple interest

Explanation:

Compound interest is better than simple interest especially when it comes to investing. Funds grow at a faster rate in compound interest than simple interest.

Simple interest is the interest on only the principal while compound interest is the interest on principal and on the previous accumulated interest (that is, interest on interest).

The formula for simple interest is:

P x r x t

Where P is the principal

r is the interest rate

t in the time.

For compound interest:

A=P(1+r/n)^nt.

A is the amount after compounding.

P is the principal.

r is the interest rate

n is the number of times interest compounds(adds up) per year

t is the number of years.

3 0
3 years ago
A company resells 10,000 shares of treasury stock for $22 per share. The stock was purchased in a previous year for $18 per shar
lys-0071 [83]

Answer:

$0, income statement s not affected.

Explanation:

The purchase and resale of treasury stock does not affect the income statement. When a company's treasury stock is resold, additional paid-in capital increases (if the stock were sold at a price above cost) or decreases (if the stock were sold at a price below cost).

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Which is the best timeline entry based on the information above (1 point)?
dlinn [17]
1837 Douglass joined the East Baltimore Improvement Society. 
5 0
3 years ago
Read 2 more answers
• define the market process, the command process, and the traditional process. How does each process deal with the basic questio
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Answer:

Set Objectives. Start with setting marketing objectives. ...

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Summary.

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