Social business commonly involves sites like twitter and Facebook to collaborate with customers. The term social business is described by the <span>Professor Muhammad Yunus.
</span>This type of business includes social media as part of its business plan. It is a beginning point for the sharing economy<span>, because it facilitates the ways that companies can use </span>crowd-based<span> technologies.</span>
Answer: Option B
Explanation: In simple words, cost cutting refers to the process in which an organisation modifies or re- implement its production and distribution process with the sole object of reducing the cost of production.
By reducing the cost of production an organisation can charge low prices for the product in the market and attract more customers. Although this process sounds straight but it is not easy for the firms orating at small level.
Large firms can easily cut their cost without affecting quality as they have huge scale of operations and they purchase inputs at a high volume which makes them applicable for particular discounts.
Thus, from the above we can conclude that the correct option is B.
Answer:
Empowerment Inc.
The amount that Empowerment Inc should report as Retained Earnings as of May 1, 2018 is $67,000.
Explanation:
a) Statement of Retained Earnings:
Retained earnings, January 1 $85,000
Net loss (15,000)
Stock dividend (3,000)
Retained earnings, May 1, 2018 $67,000
b) Empowerment Inc. paid a stock dividend of 1,500; thus this additional shares will be valued at $3,000 (1,500 * $2) since the par value is $2. This will increase the Common stock shares outstanding to 11,500 shares to a value of $23,000. The additional $3,000 represents the value of the stock dividend, which reduces the balance of the Retained Earnings.
In addition, Empowerment Inc. incurred a net loss of $15,000. This amount reduces the Retained Earnings.
Answer: the answer would be 2
Explanation:
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