Explanation: Sustainability simply means continual existence regardless of domain or pillar. It explains the maintenance of economic, social and environmental resources to meet the demand and needs of the present industry or generation without jeopardizing or compromising the needs of future generation. The concept of sustainability looks beyond the present, it focuses on harmonizing the needs of present and future generation by encouraging decisions and policies that focuses beyond the present, rather considering the effects of present policies in decades to come. Common sustainability goals include reduction of carbon emission, shift to the use of renewable energy resources such as wind, hydro and solar, All in a bid to maintain a healthy ecosystem for present and more importantly future generation.

5 0

3 years ago

Which of the following represents the components of the income statement for a merchandising business?

Slav-nsk [51]

Answer:

Sales Revenue – Cost of Goods Sold = gross profit

Explanation:

A merchandising business is one that is involved in selling goods to customers. The firm may purchase or produce the goods it sells. Merchandising firms report an expense named the cost of goods sold COGS. This cost represents the total cost of all goods sold to customers during a period.

Costs of goods sold include the direct cost associated with the merchandise. Calculation of COGS is by adding net purchases to the opening stock then subtracting ending stock. The cost of goods sold is used in calculating gross profit. Service firms do not report this cost as they do not sell goods.

7 0

3 years ago

Department M had 2,000 units 59% completed in process at the beginning of June, 11,400 units completed during June, and 900 unit

satela [25.4K]

Answer:

Total equivalent units= 10,490

Explanation:

Equivalent Units

To apportion cost between work in progress and completed units in a particular period, we use equivalent units. Equivalents units are notional whole units which represent incomplete work and are used to apportion cost between completed units and work in progress

Equivalent Units = Degree of Completion × Units of inventory

Under the first in first out(FIFO) method, to account for the units of work completed the opening inventory are separated and distinguished from the units newly introduced in the period.

Another principle under this method is that only the percentage of work yet to be completed on the units of opening are done in the current period

Fully worked = 11,400 -2000 = 9400

The fully worked represents units of inventory started this current period and completed in the same period.

It implies that out of 11,400 completed in the period 2,000 units represent the opening inventory carried forward and the balance is fully worked

Item working Equivalent units

Opening inventory (100-59)%× 2000 = 820

Fully worked 100% × 9400 = 9400

Closing inventory 30% × 900 = 270

Total equivalent units 10490

3 0

3 years ago

Victims of identity theft can request a credit freeze.

sladkih [1.3K]

Answer:

True

Explanation:

People can use the victims credit card

3 0

3 years ago

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