The problem that Bob will most likely face in terms of
evaluation and feedback step in the decision making process is when Bob’s
gathered information may be neglected when the plan that he has done has been a
success or it has been a failure.
Answer:
800,000/600,000=1.33
Profit percentage = 1.33-1=0.33=33%
0.02*800,000=16,000 worth of goods returned
Profit= 0.33*16,000=5280
COGS= 16,000-5280=10,720
Adjusting Entry
Debit Credit
Goods returned 10,720
Profit 5,280
Cash 16,000
Explanation:
Peter is consulting someone who sells commercial real estate. Peter wants to make sure he's in a good place business wise and that it is the best time before he makes the purchase for a new building. By consulting the agent, he can get a better understanding of when the right time to purchase will be.
Explanation:
1. Being a good global corporate citizen
2. Being ethical in its practices
3. Obeying the law
4. Making a profit
According to Archie B. Carroll,
The first one is Being a good global corporate citizen: How a good citizen is important for the country, being a good global corporate citizen is equally important for the corporate world.
The second one is the ethical practices: This is very closely related to citizenship. There are some professional ethics to be maintained for a corporate world to grow.
The third is obeying the law: Definitely, employees have to adhere to the rules of the organization which is an important aspect for the growth of the organization and to the corporate world.
The last is making a profit: The final part is profit. According to my personal opinion if all the above are followed, profit will reach the organization.
