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3 years ago

In a general sense, anyone who affects or is affected by decisions made within a firm can be called a business ________.

Business

1 answer:

love history [14]3 years ago

5 0

Answer: Option B

Explanation: A stakeholder in a company is a participant of "units that the company will cease to exist without their participation". Primary stakeholders are typically inner stakeholders, those involved in the business transactions (e.g., shareholders, consumers, vendors, lenders, and workers)

External stakeholders are typically secondary participants, anyone who is influenced by or may influence their behavior (e.g., the public at large, governments, advocacy groups, professional services groups, and the press), even if they do not participate in direct economic interaction with the business.

Excluded stakeholders are those who have a little financial impact on the company, such as minors or the uninterested community. Now that the idea has a reductionist viewpoint, while some individuals such as the general public can be identified as stakeholders, others stay excluded.

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On March 31, Oscar Corp. changes from the LIFO to the FIFO method. Its financial statement notes indicate that beginning invento

velikii [3]

Answer:

The journal entry should be:

Dr Merchandise Inventory account 50,000

Cr Retained Earnings account 50,000

Explanation:

Since Oscar's merchandise inventory was understated by $50,000 because of the previous inventory method (LIFO), when the new method, FIFO, starts to be used then the merchandise inventory must increase by $50,000 as well as retained earnings.

Merchandise inventory is an asset account and it increases, therefore it should be debited.

Retained earnings is an equity account and it increases, therefore it should be credited.

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4 years ago

Why might prevention costs be referred to as an investment while failure costs might be referred to as true costs

sdas [7]

Answer: Prevention cost is used to protect equipments and assets and as such is an investment.

Explanation:

Prevention cost like the name suggests is a cost incurred in the process of keeping a machine or equipment in a working condition to avoid a future breakdown which might lead to a loss in profit for the company. This is why it is referred to as an investment because it is done to prevent the loss of profit due to downtime a breakdow of the machine or equipment would cause.

Failure cost is a true cost because it arises from a loss incurred by the company through production or it capital invested in the business.

4 0

3 years ago

1. I tend to be critical of others?

makvit [3.9K]

Answer:

Sorry but I don't know what to make of this.

Explanation:

5 0

3 years ago

Did I graph number 1 correct and is the number 2 answer yes?

coldgirl [10]

Yes you did it all correct

7 0

4 years ago

What do the europeon union and the world trade organization have in common

JulijaS [17]

The European union and the World trade organization have trade policy as common.

<u>Explanation: </u>

World Trade Organization (WTO) comprises governments and border control territories that establish, implement, and enforce international trade rules. European Union and the individual EU Member States are members of WTO.

To make sure that rules-based global trade process, the WTO is involved. Despite the deadlock in negotiations, ways are being examined to upgrade WTO rules and tackle new international challenges.

New developments in the WTO trade rules have been brought about by the coming into effect of the Trading Facilitation Agreement in February 2017. Parliament passes legislation in conjunction with the Council under the Treaty of Lisbon and has a major accountability role on global trade policy.

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3 years ago