What does a company's code of ethics cover?

What role does customer satisfaction play in public relations? Why is it important? Provide two reasons.

snow_tiger [21]

Answer:

Trust.

Explanation:

See its important so people can know you as a generally trustable person. Also, when a customer is they more than likely feel the need to come back. So if your selling product it will generate more customers and money.

8 0

3 years ago

The Bloomfield Corporation sells three items of inventory: rulers, mechanical pencils, and notebooks. The company begins operati

grin007 [14]

Answer:

Value of inventories

1. Rulers = 100*$6 = $600

2. Pencils = 70*$8 = $560

3. Notebooks = 120*$7 = $840

Total $2,000

Value of inventories after additional information

1. Rulers = [(100*$6) + $15] = $615

2. Pencils = (70*$8) + (70*$0.50) = $595

3. Notebooks= (120*$7) + $12 + (120*$0.10) <u>$864</u>

Total <u>$2,074</u>

8 0

3 years ago

Amortization. Loan Consolidated Incorporated (LCI) is offering a special one-time package to reduce Custom Autos' outstandin

vladimir2022 [97]

Answer:

Please find the complete question in the attached file.

Explanation:

Use PMT for the interest amount computation

$PMT(12\%, 55, 232000, 0 , 0) = \$27,894.77$

At first, the bulk of an initial premium is paid at the rate of interest, and that only the remainder of the small part is used for amortization. The very first three years schedule is shown below:

$Loan\ \ \ \ \ \ \ \ \ \ Annual\ \ \ \ \ \ \ \ \ \ Interest\ \ \ \ \ \ \ \ \ \ Principal\\\\$

$1\ \ \ \ \ \ \ \ \$232,000.00\ \ \ \ \ \ \ \ \$27,894.77\ \ \ \ \ \ \ \ \$27,840.00\ \ \ \ \ \ \ \ \$54.77\\\\2\ \ \ \ \ \ \ \ \$231,945.23\ \ \ \ \ \ \ \ \$27,894.77\ \ \ \ \ \ \ \ \$27,833.43\ \ \ \ \ \ \ \ \$61.34\\\\3\ \ \ \ \ \ \ \ \$231,883.89 \ \ \ \ \ \ \ \ \$27,894.77\ \ \ \ \ \ \ \ \$27,826.07\ \ \ \ \ \ \ \ \$68.70\\\\$

By the 49th payment, upwards of half of the initial amount borrowed would be the total principal paid. Using the formula CUMPRINC in excel, the entire principal payment is calculated twice.

Total Interest Expense $= 27,894.77 \times 55 - 232,000 = \$1,302,212.27$

7 0

3 years ago

Which of the following is an incorrect statement regarding variances?

laiz [17]

Answer:

The answer is B.

Explanation:

Variance is the difference between the expected sales(revenue), price, material quantity, material cost(expense) and the actual sales, price or material quantity.

Sometimes, expected or budgeted sales or price might be higher than actual sales or price, if this happens the variance is an unfavorable one.

And if it is the actual that is higher or more than the budgeted or expected sales or price, we say it is a favourable variance.

4 0

3 years ago

On January 1, 2017, Hi and Lois Company purchased 12% bonds having a maturity value of $300,000, for $322,744.44. The bonds prov

Feliz [49]

Answer:

a. January 1, 2017, bonds are purchased at a premium

Dr Investment in bonds 300,000

Dr Premium on bonds receivable 22,744.44

Cr Cash 322,744.44

b.

Date Cash Interest Amortization Bond Carrying

received revenue of premium premium value

1/1/18 $36,000 $32,274.44 $3,725.56 $19,018.88 $280,981.12

1/1/19 $36,000 $31,904.89 $4,095.11 $14,923.77 $285,076.23

1/1/20 $36,000 $31,492.38 $4,507.62 $10,416.15 $289,583.85

1/1/21 $36,000 $31,041.61 $4,958.39 $5,457.76 $294,542.24

1/1/22 $36,000 $30,542.24 $5,457.76 $0 $300,000

amortization of bond premium = ($322,744.44 x 10%) - $36,000 = -$3,725.56

amortization of bond premium = ($319,018.88 x 10%) - $36,000 = -$4,095.11

amortization of bond premium = ($314,923.77 x 10%) - $36,000 = -$4,507.62

amortization of bond premium = ($310,416.15 x 10%) - $36,000 = -$4,958.39

amortization of bond premium = $10,416.15 - $4,958.39 = -$5,457.76

c.

December 31, 2017

Dr Interest receivable 36,000

Cr Interest revenue 32,274.44

Cr Premium on bonds receivable 3,725.56

d.

December 31, 2017

Dr Interest receivable 36,000

Cr Interest revenue 31,904.89

Cr Premium on bonds receivable 4,095.11

8 0

2 years ago