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Softa [21]
3 years ago
15

In 2006, Gap Inc. ended their relationship with 23 production facilities due to code violations. Several closings occurred becau

se of the use of child labor. In response to these events the Gap created a large team whose purpose is to travel worldwide to ensure compliance with their Code of Vendor Conduct. This is an example of
Business
1 answer:
kogti [31]3 years ago
6 0

Answer: Social responsibility.

Explanation: The action portrayed by Gap Inc. demonstrates an expemplary attitude worthy of emulation which nails down the principle of social responsibility by organizations. This principle looks beyond the profits and revenue generated by the company but also aims to play it's role and ensure that it's actions does not violate or degrade social ethics. The closure of some facilities due to human right violation and subsequent enforcement of compliance with the code and conduct is a strict signal towards the company's strict stance at supporting and enforcing social responsibility.

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In the company's accounting system all fixed expenses of the company are fully allocated to products. Further investigation has
PSYCHO15rus [73]

Answer:

= $132,000.

Explanation:

There are two types of fixed costs, general fixed cost and specific fixed cost.

<u><em>General fixed costs </em></u><em>are those that cannot be traced to a specific product rather they are incurred for the benefit of all of the product being produced. For example,the rent of the factory where three products are being produced</em>

So they are unavoidable should a product be ceased for production that is they would still be incurred either way.

<u>S</u><u><em>pecific fixed costs </em></u><em>are those incurred specifically for a particular product and as such they would be saved should the product be discontinued. For example , if a special machine  that cost $4000 a month to rent is used to produce a product. The $4000 would be saved should the production of the product ceases</em>

The net operating cost of the company would increase by the amount of the avoidable specific fixed cost:

=$90,000 + $42,000

= $132,000.

3 0
4 years ago
On May 28, 2021, Pesky Corporation acquired all of the outstanding common stock of Harman, Inc., for $620 million. The fair valu
Murrr4er [49]

Answer:

1.$146

2.$30

3.Dr Loss on impairment of Goodwill $30

Cr To Goodwill $30

Explanation:

1.($million )

Acquisition cost $620

Fair value of asset

Tangible and Intangible assets $652

Less liabilities ($178)

($652-$178) $474

Goodwill from Harman acquisition $146

($620-$474)

2.

Book value of Harman's net assets (including goodwill) 630 million

Less Fair value of Harman, Inc. $600 million

Impairment loss of Goodwill $30

3.

General Journal

Dr Loss on impairment of Goodwill $30

Cr To Goodwill $30

4 0
4 years ago
g "The cost of salaries paid to employees who work in a factory maintaining the heating system is considered:"
Doss [256]

Answer:

Factory overhead

Explanation:

FACTORY OVERHEAD can be defined as the costs which are often incurred during the manufacturing process and they don't include the costs of direct labor and the costs of direct materials which is why FACTORY OVERHEAD are often aggregated into the cost pools as well as been allocated to units produced during the manufacturing period.

In order word FACTORY OVERHEAD can be seen as the total cost which is been involved in operating all of the production facilities of a manufacturing business in which they cannot be traceable directly to a product and it also include the cost of salaries which is been paid to employees who work in a factory .

6 0
3 years ago
Corporation bases its predetermined overhead rate on the estimated machine-hours for the upcoming year. At the beginning of the
dem82 [27]

Answer:

D.$28.48 per machine hour

Explanation:

The predetermined overhead is calculated as ; Estimated total fixed overhead / Estimated machine hours

Given the above information,.

Predetermined overhead = $1,167,680/41,000

=$28.48 per machine hour

8 0
4 years ago
John decides to take his annual Christmas bonus of $2,000 and invest it each year for the next five years, in stock he believes
vladimir1956 [14]

Answer:

FV= $11,733.20

Explanation:

Giving the following information:

Annual deposit= $2,000

Number of periods= 5 years

Interest rate= 8% = 0.08

<u>To calculate the future value, we need to use the following formula:</u>

FV= {A*[(1+i)^n-1]}/i

A= annual deposit

FV= {2,000*[(1.08^5) - 1]} / 0.08

FV= $11,733.20

5 0
3 years ago
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