a CTSO for students taking marketing classes
a club providing hands-on laboratory experience for students taking a science class
an agricultural organization for students in an agricultural school
Businesses often engage in a variety of tactics to influence government policy. This includes lobbying, political contributions, and interest group politics.
Answer:
The journal entry is as follows:
Cash A/c Dr. $18,000
Equipment (Fair value) A/c Dr. $9,000
To N's capital $27,000
(To record the investment bought by Nichols)
Workings:
Cash contributed by Nichols = $18,000
Equipment's Book value = $6,300
Fair value of equipment = $9000
Nichols capital = $18,000 + $9,000
= $27,000
Answer:
Vince and Sun-Hi's Book
With Sun-Hi's delivery of the book, the offer by Vince is accepted by Sun-Hi.
Acceptance of an offer is necessary to make a contract.
Explanation:
An offer by Vince is not a contract, but its acceptance by Sun-Hi without a counter-offer makes it a valid contract that can be enforced in law if other ingredients for a valid contract are present. Acceptance establishes the agreement between Vince and Sun-Hi. Once Sun-Hi accepts Vince's offer with valid considerations (the book and double the price), the agreement for a business transaction between them is consummated. It is acceptance that completes the exchange of promises in this simple contract.
Answer:
The correct answer is letter "B": Profit maximization.
Explanation:
Top executives are in charge of decision-making in companies. The path the firm will take depends on them. Their ultimate goal is always to maximize the profits of a firm. For such a thing to happen several accounting and operations analysis is conducted to make adjustments on production or engage in the manufacturing of new goods.
An ethical dilemma arises when <em>profit maximization</em> implies affecting others through pollution or the manufacturing of products that could be somehow risky. Managers in most cases would prefer to cut the costs of production but they must find a balance between generating more revenue and fulfilling the minimum quality requirements so that the goods or the production of them does not put others at risk.
