Spears' total asset turnover is 2.41
Total Asset Turnover = Net Sales/Average Total Assets
Total Asset Turnover = $35,400/$14,700 = 2.41
Answer:
$23,500
Explanation:
The average accounting rate of return is the rate of return on the investment in the project considering the average annual net income and the average amount of investment made in the project.
In other words, it is the average annual net income expressed as a percentage of the average investment as shown below
average accounting rate of return =average annual net income / average investment.
average investment=(initial capital outlay+book value of the project at end of useful life)/2
initial capital outlay=$47,000
book value of the project at end of useful life=$0
average investment=($47,000+$0)/2
average investment=$23,500
Answer:
Environmental responsibility is essential for companies to remain competitive in the long term, as society increasingly demands that organizations be agents of change in society and contribute to its development.
Therefore, there are several methods for an organization to be environmentally responsible, planning is necessary for the company to understand its micro and macro environment and how to contribute to the reduction of environmental impacts. Through environmental management, a company is able to plan actions that make it more sustainable, it is therefore necessary to use questionnaires, interviews, observation and reports, so that the actions developed are aligned with the environmental purposes of the company and the community where it operates.
Environmental management helps companies achieve total quality, as it reduces waste, improves job satisfaction, creates value for stakeholders and makes the company more positioned in the market.
Answer:
I visited Whole Foods page and found the following values:
- <u><em>Highest Quality</em></u>
- <u><em>Customer Satisfaction</em></u>
- <u><em>Team member Grrowth and Hapiness</em></u>
- <u><em>Win win partnerships with suppliers</em></u>
- <u><em>Profit and prosperity creation</em></u>
- <u><em>Care about community and environment</em></u>
<h3>
How do they relate to the products the
</h3><h3>
company sells?</h3><h3>
</h3>
The company sell organic food in markets that aim to improve people nutrition. The company is involved with different foundations.
<h3>
Did anything surprise you about the company's values?</h3><h3>
</h3>
Not really, whole foods have a strong and clear communication of what the company is about and I have expeienced those values when I go shopping there.
Answer with Explanation:
<h2><u>
Requirement 1:</u>
</h2>
1. Profit Organization
The aim of profit organization is to maximize the wealth of shareholders by increasing its profits. The owners of the company get dividends and appreciation in the value as a return from the company.
2. Nonprofit Organization
The primary mission of Non-profit organization is to benefit the community by helping them and the earnings generation is not the primary goal of the company. ACCA is an entity that delivers quality education to its students and also earns profit on it but the profit margin kept is as low as possible to keep its operation running. Other examples are Rolex, NGO's, National Health Institutes, etc.
In other words, these institutes are for charitable purpose and their primary objective is not making profits.
Key Difference Between Profit Organization and Non-profit Organization
- A profit organization's primary objective is to maximize profits whereas the Non profit organizations work for delivering services and products that helps in uplifting the society from their donations.
- A profit organization is registered as a sole proprietorship or partnership or a corporation. Whereas Non profit organization is registered as a charity club, association of person, trust, corporations, etc.
- Usually major source of income of Non profit organization comes from donations, government and corporation grants, subscriptions, etc. Whereas the major source of profit organization is income generated from the sale of goods and services. Non profit organization - the major incomes are donation, grant, legacies, subscription, etc.
Requirement 2:
Profit making organization have to publish all financial statements which includes income statement, balance sheet, cash flow statement, statement of changes in equity, etc whereas the non profit organization only publishes balance sheet and cash flow statement. If the Non profit organization is involved in selling of products and services then the organization will also have to prepare income statement.
The non profit organization doesn't pays andy dividends as it is a charity firm and all it does is, it spends it money for the welfare of the community. Whereas the profit organization have to retain a share of earned profits and then distributes the remainder to shareholders.
The profit making organization publishes changes in equity statement whereas the charitable firm is not required to publish such things because its primary objective is to spend on the welfare of the community.
