All categories

4 years ago

Respond in paragraph form to the following question:

1 answer:

5 0

There are four kids of social responsibility namely legal, ethical, economic and philanthropic.The first one relates to compliance with laws and regulations established by the authorities. The second refers to behaviors and activities that are permitted or prohibited by organization members. The third one refers to how resources for the production of goods and services are distributed within the social system.The last one refers to companies contributing to the local community or society. It offers four benefits to society.

You might be interested in

Considering the following labor markets. A slightly different feature of labor markets is that employees are the suppliers of la

scoundrel [369]

Answer:

i added the graph of both markets as an attachment

The answer is market B or 2. This market a higher level of unemployment.

When elasticity of supply increases, we have it that the suppliers would have greater market power.

In market B, we have it that the elasticity of supply is bigger than that if A. This means that the supplier has more market power in this market than in market A.

Since the elasticity us greater in this market, then we would have change in unemployment due to a fall in demand to be more here than in A.

7 0

4 years ago

Corentine Co. had $169,000 of accounts payable on September 30 and $141,000 on October 31. Total purchases on account during Oct

Lelechka [254]

Answer and Explanation:

The computation is shown below:

a. For the cash paid

= Opening balance of account payable + total purchase - ending balance

= $169,000 + $298,000 - $141,000

= $326,000

b. The sale amount on account should be equivalent to the ending balance of account receivable i.e. $106,000

c. The beginning cash balance is

Closing cash balance = beginning cash balance + cash receipts - cash disbursements

$27,100 = Beginning cash balance + $119,500 - $120,150

So, the beginning cash balance is $27,750

7 0

4 years ago

Zenith company inc.'s merchandise inventory account at the end of year 2015 has a balance of $91,820, but a physical count revea

xenn [34]

The gap of $1370 represents the amount of goods not yet delivered to the company. When a company purchases inventory, on the basis of the accrual principle in accounting, transactions are recorded as they occur even if the actual possession will take place eventually. In this case, the overall amount of merchandise bought is recorded in the company's books. After a physical count, we'll find out that the shrinkage represents stock that is yet to be delivered.

8 0

3 years ago

What Is One Reason Why Inflation Can Occur

GrogVix [38]

Answer:

Both types of inflation cause an increase in the overall price level within an economy. Demand-pull inflation occurs when aggregate demand for goods and services in an economy rises more rapidly than an economy's productive capacity.

Explanation:

8 0

3 years ago

Read 2 more answers

Purvis Manufacturing, which produces a single product, has prepared the following standard cost sheet for one unit of the produc

bulgar [2K]

Answer:

1. Actual Quantity = 1,850 pounds

Actual materials cost = $4,070

Standard rate per pound = $2

Standard Quantity = 6 pounds per unit * 300 units

Standard Quantity = 1,800

Standard materials cost = Standard Quantity * Standard rate per pound

Standard materials cost = 1,800 * $2

Standard materials cost = $3,600

1a. Total Materials Variance = Actual materials cost - Standard materials cost

Total Materials Variance = $4,070 - $3,600

Total Materials Variance = $470 Unfavorable

1b. Materials Price Variance = Actual materials cost - Actual Quantity * Standard rate per pound

Materials Price Variance = $4,070 - 1,850 * $2

Materials Price Variance = $370 Unfavorable

1c. Materials Quantity Variance = Standard rate per pound * (Actual Quantity - Standard Quantity)

Materials Quantity Variance = $2.00 * (1,850 - 1,800)

Materials Quantity Variance = $100 Unfavorable

2. Actual labor hours = 620

Actual labor cost = $7,130

Standard rate per hour = $12

Standard labor hours = 2 hours per unit * 300 units

Standard labor hours = 600

Standard labor cost = Standard labor hours * Standard rate per hour

Standard labor cost = 600 * $12

Standard labor cost = $7,200

2a. Total Labor Variance = Actual Labor cost - Standard Labor cost

Total Labor Variance = $7,130 - $7,200

Total Labor Variance = $70 Favorable

2b. Labor Price Variance = Actual Labor cost - Actual labor hours * Standard rate per hour

Labor Price Variance = $7,130 - 620 * $12

Labor Price Variance = $310 Favorable

2c. Labor Quantity Variance = Standard rate per hour * (Actual labor hours - Standard labor hours)

Labor Quantity Variance = $12.00 * (620 - 600)

Labor Quantity Variance = $240 Unfavorable

4 0

4 years ago