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3 years ago

What is the relationship between triple bottom line and social responsibility

1 answer:

6 0

Triple bottom line is a framework for reporting material benefit, and this reporting has to be done transparently because of the corporate social responsibilities. This transparent reporting is a part of the triple bottom line.

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Use the following information to determine whether the Development Special Revenue and the Debt Service Funds should be reported

Lina20 [59]

Answer:

Only the Development Special Revenue Fund should be reported as major.

Explanation:

According to Statement No. 34 of the Government Accounting Standards Board (GASB), a fund can be categorized as a major fund if its liabilities, assets, expenditures, or revenues represent at least 10% of totals of all corresponding governmental or enterprise funds and at least 5% of the aggregate amount recorded for all governmental and enterprise funds.

Based on the above, we can calculate the percentage proportional percentage for both the Development Special Revenue and the Debt Service Funds as follows:

1. Development Special Revenue percentage representation:

a. In Total Governmental Fund Assets = ($740,000/$7,500,000)*100 = 9.87% approximately 10%

b, In Total Governmental Fund and Enterprise Fund Assets = ($740,000/$8,750,000)*100 = 8.46% approximately 8%.

2. Debt Service Funds representation:

a. In Total Governmental Fund Assets = ($150,000/$7,500,000)*100 = 1.71% approximately 2%

b. In Total Governmental Fund and Enterprise Fund Assets = ($150,000/$8,750,000)*100 = 2.00%

Based on the above, Development Special Revenue should be reported as major funds since its amount represents 10% in Total Governmental Fund Assets and 8% in Total Governmental Fund and Enterprise Fund Assets. However, Debt Service Funds representation should not be reported a major fund since it does not meet the requirement of at least 10% representation of totals of all corresponding governmental or enterprise funds and at least 5% of the aggregate amount recorded for all governmental and enterprise funds .

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3 years ago

Riverview Inc. reports the following balances and amounts. The following information is presented in random order. Accounts paya

RSB [31]

Answer:

The earning per share is $1.3 per share

Explanation:

For computing the earning per share, we need to apply the formula of Earning per share which is shown below:

Earning per share = (Net income - Dividends paid to preferred shareholders) ÷ average common shares

= ($36,000 - $10,000) ÷ $20,000 shares

= $1.3 per share

The other items which are mentioned in the question are not relevant. Kindly ignored it.

7 0

3 years ago

Last year, Myron purchased a $10,000 certificate of deposit with a 3% rate of interest from his bank. The government reported th

Reil [10]

Answer:

Option C is the right answer

Explanation:

In this question, we are asked to state what happens in a transaction given some level of information.

Firstly, we need to understand what a certificate of deposit is. A certificate of deposit referred to as CD is a kind of bank product that stipulates that a customer has agreed to leave a certain amount of money in the bank for a particular period of time untouched at an interest rate higher than normal and otherwise tagged as premium.

Now, it must be stated that it was after he was issued that there was a drop in prices. Whatever happens during the drop will not affect him and would be the bank’s concerns simply because his own rate had been predetermined and nothing could change this as he had been issued a contract to that affect.

A drop in price will thus make his initial deposits higher now since there is a drop in price will generally, the bank will bear the brunt of the drop in price hence, losing

6 0

4 years ago

Indi and Indrani are sisters who own a software development company. Demand has been increasing for their products and services

Alexandra [31]

Answer:

open an new office because the expected marginal benefit ($12.5 million over 5 years) is greater than the estimated marginal cost ($7 million)

Explanation:

The computation is shown below;

Given that

Total marginal benefit = 12.5 million

And, the Total marginal cost = 7 million

Based on the above information

We can see that the new office should be opened as the marginal benefit would be more than the marginal cost

Therefore the first option is correct

And, the rest of the options would be incorrect

4 0

3 years ago

The price of the candy corporation stock will generally increase when there is:

Tcecarenko [31]

Answer:

More candy being bought that is the same brand.

Explanation:

5 0

4 years ago