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4 years ago

When management considers social and economic issues in decision making, the company is practicing _____.

Business

1 answer:

Hunter-Best [27]4 years ago

8 0

Answer: Social responsibility

Explanation:

According to the given question, the social responsibility is practicing by an organization when the management of the firm considering all the economical or the social issue in the decision making process.

In an organization, the social responsibility is helps in maximizing the shareholder value.
It also providing the various types of benefits in an organization and it is known as the CSR (Corporate social responsibility).
It also contribute in the welfare of the environment and the society.

Therefore, Social responsibility is the correct answer.

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The purpose of economic systems is _____.

otez555 [7]

The purpose of econmic systems are the means by which countries and governments distribute resources and trade goods and services. They are used to control the five factors of production, including: labor, capital, entrepreneurs, physical resources and information resources.

8 0

4 years ago

You just purchased some equipment that is classified as five-year property for MACRS. The MACRS rates are .2, .32, .192, .1152,

Deffense [45]

Answer:

b. $62,784

Explanation:

Depreciation is the expense of an asset due to physical wear and tear of the equipment.

Book value is the net of depreciation value. It is calculated after deducting the accumulated depreciation from the cost of the asset.

MACRS = Cost x MACRS rate for the year

Year MACRS Depreciation Balance

0 $218,000

1 0.2 $43,600 $174,400

2 0.32 $69,760 $104,640

3 0.192 $41,856 $62,784

Opening Book value of next year is actually the closing book value of prior years.

7 0

3 years ago

Read 2 more answers

Sheffield Marina has 300 available slips that rent for $1,000 per season. Payments must be made in full by the start of the boat

PolarNik [594]

Answer:

Please refer below the journal entries along with their explanation

Explanation:

Journal Entries for December 31, 2017

2018 season

Cash (300 x $1000) Debit $300,000

Unearned Revenue Credit $300,000

(To record rent revenue for the year ended Dec 31, 2017).

Journal Entries for October 31, 2018

2018 season

Unearned Rent Debit $300,000

Rent Revenue Credit $300,000

Journal Entries for December 31, 2018

2019 season

Cash (240,000-9,600) Debit $230,400

Discount Debit $9,600

Unearned Revenue Credit $240,000

For 2019 season, renters shall avail the discount of 4% on 56 slips i.e. 240 x 1000 = 240,000

Discount = 240,000 x 0.04 = 9,600

2020 season

Cash (56,000-10,080) Debit $45,920

Discount Debit $10,080

Unearned Revenue Credit $56,000

For 2020 season, renters shall avail the discount of 18% on 56 slips i.e. 56 x 1000 = 56,000

Discount = 56,000 x 0.18 = 10,080

5 0

3 years ago

Having had no prior knowledge of the market for his product sweater, what approach did Jack McCarthy of Ugly Christmas Sweaters

telo118 [61]

Answer:

When any company wants to sale their product without prior knowledge of the market then it's a disaster.

First thing Jack can do is "Test Marketing". If any company has no knowledge of market then fastest way to know your market is test marketing. Jack must put his sweaters in small quantity for sale at different locations. Test marketing needs to be done for whole week. Jack needs to collect the feedback from its customers too. Feedback is the way jack can know the market. Without knowing the market and customers, it's really hard to market or sale your product. Feedback from test marketing activity will actually give him market knowledge and customer's feedback.

6 0

3 years ago

Aaron questions whether there is consideration for his contract with Banquet Hall to exchange his musical performance of country

jolli1 [7]

Answer:

Legally sufficient.

Explanation:

The answer is that to constitute consideration, the value of whatever being exchanged must be legally sufficient because this means that consideration must be enough in the terms of the law like comitting to do something that you are otherwise not obligated to do.

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4 years ago