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3 years ago

How are businesses with profit motive helpful and harmful to society?

1 answer:

5 0

+ they are more likely to provide the great service or product cuz they want wat we called 'customer loyalty'
-since they only think about profit tehy might do unethical things like decieving ppl

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Each adjusted entry transaction needs to be posted to A. individual journal entries B. individual accrual accounts C. individual

ANTONII [103]

Answer: B. Individual ledger accounts

Explanation:

just took the test

5 0

2 years ago

Lone Star Meat Packers is a major processor of beef and other meat products. The company has a large amount of T-bone steak on h

shusha [124]

1. The Lone Star Meat Packers' financial advantage of further processing one T-bone steak into Filet Mignon and New York cut steaks is $0.41 per pound.

Data and Calculations:

Selling price per pound of T-bone steaks = $2.40

Split-off costs = $1.60

Profit per pound =$0.80 ($2.40 - $1.60)

6-ounce filet mignon = 0.375 pounds (6/16)

8-ounce New York cut = 0.5 pounds (8/16)

Further processing costs = $0.19

New sales prices after further processing:

Filet Mignon = $1.35 ($3.60 x 0.375)

New York cuts = $1.65 ($3.30 x 0.5)

Total price per pound = $3.00

Total cost after further processing = $1.79 ($1.60 + $0.19)

Profit per pound after further processing = $1.21 ($3.00 - $1.79)

Financial advantage from further processing = $0.41 ($1.21 - $0.80)

Thus, the financial advantage of further processing one T-bone steak into Filet Mignon and New York cut steaks is $0.41 per pound.

Learn more: brainly.com/question/23032790

8 0

3 years ago

At the beginning of the month, the Painting Department of Skye Manufacturing had 30,000 units in inventory, 70% complete as to m

VikaD [51]

Answer:

Cost per equivalent unit of material = $2.20 per unit

Cost per equivalent unit of conversion = $4 unit

Explanation:

The computation of Cost per equivalent unit of material, Cost per equivalent unit of conversion is shown below:-

For computing the cost per equivalent first we need to find the equivalent unit of material which is below:-

= Transferred units + ( Department units × Material percentage)

= 135,000 + (20,000 × 40%)

= 135,000 + 8,000

= 143,000

So, the Cost per equivalent unit of material = (Beginning material cost + Current month material cost) ÷ Equivalent unit of material

= ($32,400 + $282,240) ÷ 143,000

= $314,640 ÷ 143,000

= $2.20 per unit

Now, For computing the Cost per equivalent unit of conversion first we need to find the equivalent unit of conversion cost which is below:-

= Transferred units + ( Department units × Conversion percentage)

= 135,000 + (20,000 × 15%)

= 135,000 + 3,000

= 138,000

So, the Cost per equivalent unit of conversion = (Beginning conversion cost + Current month conversion cost) ÷ Equivalent unit of conversion cost

= ($6,250 + $544,700) ÷ 138,000

= $550,950 ÷ 138,000

= 3.99

or $4 unit

8 0

3 years ago

If you cannot separate communication from leadership, why is communication known to be one of the top weaknesses in business lea

aksik [14]

The correct answer to this open question is the following.

If you cannot separate communication from leadership, why is communication known to be one of the top weaknesses in business leadership today?

Because many times, leaders confuse to inform with to communicate, and that is one of their biggest mistakes.

One thing is just to pretend that because your the leader of an organization, you have the right to inform but not listening back to what your team has to say.

Good leaders need to become great leaders accepting the fact that their role is of Communicators, which means they are willing and able to receive feedback. Or better said, to promote feedback in the first place as part of the process of generating understanding in the workplace.

Why is it the leaders’ responsibility to be effective communicators?

The leader has to lead by example. It has to be a great communicator, a good listener. Have a set of skills and abilities to perform under pressure. The leader has to make the toughest decisions. And of course, he has to hire the best individuals to form a true team.

Leaders have to be totally honest about who they are. You cannot pretend to be someone you are not. That is the foundation of what you are about to offer in a relationship.

The leader sets the example of living their own values, so he will have the moral status to ask other people to live by their own values so you can base your relationship on trust.

4 0

2 years ago

The Silverside Company is considering investing in two alternative projects: Project 1 Project 2 Investment $400,000 $280,000

shepuryov [24]

Answer:

The Silverside Company

Project 1's Payback Period

= Initial Investment/Annual cash flows

= $400,000 / $90,000

= 4.44 years.

Explanation:

Project 1:

Initial Investment = $400,000

Useful life = 5 years

Annual cash inflows for useful life = $90,000

The Silverside Company's payback period calculates the time or number of years that it would take the company to recover from its initial investment in Project 1. This is the simple payback period calculation. There is also the discounted payback period calculation. This method discounts the annual cash inflows to their present values before the calculation is carried out. This second method gives a present value perspective on the issue.

4 0

3 years ago