Answer:
Social responsibility
Explanation:
Social responsibility is an obligation of a business firm to act in ways that are good to the society. A business firm must act in a way that will benefit the society.
It suggest that a business firm must be concerned about the welfare of the people in the community.
It is ethical of a business to consider the welfare of the people before taking any action in the society. This implies that, a business firm shouldn't only consider making profit or expanding their business but should take into consideration the wellbeing of the people around them.
Social responsibility is not only performed by a business firm but also the duty of every individual that is capable of impacting the environment.
Every individual and business firm should impact the environment in a positive way and Improve on the wellbeing of people dwelling in the environment.
The correct answers to these open questions are the following.
Maple Farms, Inc. v. City School District of Elmira.
Could something like this bankrupt a company?
Yes, it can, if the proper forecast were not done taking into consideration all of the possible variables at medium and long-range.
Do you agree with the decision?
It was a tough decision because the court declared in its decision that the performance was not impracticable, as Maple Farm Inc indicated when decided to break the contract.
In strict theory, I agree with the court's decision because the explanation was that an "impractical" occurred when an event happened totally unexpected. And in this case, Mapple Farm Inc could have taken extra provisions knowing that milk had a 10% increase the last year and had the chance of more increases in the present year.
That is how a company can avoid this type of situation. Taking better provisions, contemplating all kinds of variables, knowing that in the future, something unexpected can happen and could be prevented with the proper forecast.
Answer:
a. in order to calculate this we must assume that the economy entered a recession:
degree of operating leverage = [($20 - $70)/$70] / [($260 - $520)/$520] = -0.7143 / -0.5 = 1.43
b. $14 million
Explanation:
strong economy:
total sales $520 million
<u>variable costs $420 million</u>
gross profit $100 million
<u>fixed costs $30 million</u>
EBIT $70 million
<u>income taxes $21 million</u>
net income $49 million
weak economy:
total sales $260 million
<u>variable costs $210 million</u>
gross profit $50 million
<u>fixed costs $30 million</u>
EBIT $20 million
<u>income taxes $6 million</u>
net income $14 million
During the <u>Decision to adopt stage</u> the customer decides whether or not to try the product.
Explanation:
- Diffusion of Innovation (DOI) Theory,was framed by E.M Roger in the year 1962.
- Diffusion of Innovation (DOI) Theory,is one of the most oldest theories of social science.
- <u>This theory explains that how a new idea,product or behavior is first introduced and then how it diffuses ,and becomes a part of the social system as a whole</u>
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Answer: 2%
Explanation:
As the coupon payments are semi-annual, you need to convert the other measures to semi-annual measures as well.
Coupon rate = 6%/2 = 3% per semi annum
Coupon payment = 3% * 1,000 which is par value = $30
Time to maturity = 12 * 2 = 24 semi annual periods
Price is still the same = $1,189.14
You can use an Excel worksheet to solve for the Yield:
Number of periods = 24
Payment = $30
PV = 1,189.14
FV is par value of $1,000
Periodic rate is 0.019999
= 2%
