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3 years ago

Organization that offer products to their customers to earn a profit are known as?

2 answers:

7 0

An organization that offer goods and services to customers to earn a profit are known as, for profit organizations. A for profit organization is a organization that has a goal to earn profit from their customers.

guajiro [1.7K]3 years ago

7 0

This is known as a for profit organization.

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How many years would it take for an investment of $280,000 to accumulate to at least $425,000 at 15% per year interest?

Alex73 [517]

Answer:

i will take at lease 3 years to get 425,845

4 0

4 years ago

A large computer manufacturer forbids its executives and managers from serving as directors or officers for Intel Corporation or

posledela

Answer:

Conflict of interest(COI)

Explanation:

The large computer manufacturing company is trying to prevent a conflict of interest.

Conflict of interest(COI): This occurs when an individual is occupying two different social position at the same time in which different benefits are attached to each social roles. It can disrupt the decision-making process of an individual which could lead to loss of integrity.

Conflict of interest arises when an individual has competing obligations because of their duties to more than one person or organization simultaneously.

An individual is subject to two coexisting interests that are in direct conflict with each other.

Conflict of interest can also involve an organization. It could be a case in which an individual or organization performs two different roles simultaneously, and performing an obligation could involve working against another.

A person or organization with conflict of interest can't be 'just' in their decision making.

5 0

3 years ago

Perpetual Inventory Using FIFO

maks197457 [2]

The cost of goods sold on October 24 is $4830

The perpetual inventory as on October 31 is 70 units of value as $2310

Explanation:

The order of events in the given scenario,

Oct. 1 - Inventory 200 units at $30
Oct. 7 - Sold 160 units
Oct. 7 - Remaining Inventory 40 units at $30
Oct. 15 - Purchase 180 units at $33
Oct. 15 - Total Inventory 40 units at $30 + 180 units at $33
Oct. 15 - Total Inventory 220 units and value is $7140 ($30 * 40 + $33 * 180)
Oct. 24 - Sold 150 units
Oct. 24 - Taken 40 units from the purchase of $30 and 110 units from the purchase of $33 by using FIFO logic
Oct. 24 - Total cost of goods sold is $4830

So, cost of goods sold on October 24 is $4830

Oct. 24 - Total Inventory 70 units and value is ($7140 - $4830) = $2310

The perpetual inventory value as on October 31 is $2310

7 0

4 years ago

Monica has $500 to spend and wants to buy either a new snowboard or a new laptop. both the snowboard and the laptop cost around

ikadub [295]

Is that people face trade offs

7 0

3 years ago

The situations presented here are independent of each other.

rjkz [21]

Answer:

a) Pelfer Corporation redeemed $140,000 face value, 9% bonds on April 30, 2014, at 101. The carrying value of the bonds at the redemption date was $126,500. The bonds pay annual interest, and the interest payment due on April 30, 2014, has been made and recorded.

Dr Bonds payable 140,000

Dr Loss on retirement of bonds 14,900

Cr Discount on bonds payable 13,500

Cr Cash 141,400

Since the carrying value of the bonds was less than the redemption value, the company will incur in a loss.

b) Youngman, Inc., redeemed $170,000 face value, 12.5% bonds on June 30, 2014, at 98. The carrying value of the bonds at the redemption date was $184,000. The bonds pay annual interest, and the interest payment due on June 30, 2014, has been made and recorded.

Dr Bonds payable 170,000

Dr Premium on bonds payable 14,000

Cr Cash 156,400

Cr Gain on retirement of bonds 27,600

Since the carrying value of the bonds was more than the redemption value, the company will incur in a gain.

4 0

3 years ago