Answer:
Corporate policy
Explanation:
A corporate policy can be defined as a formal declaration of the guidlines, principles and procedures by which an organisation will function. It is established by either its board of directors or by a senior management policy committee.
Infused in corporate policy are the company's mission statement, objectives and the principles by which strategic decisions are to be made. It also forms the basis for measuring the performance of employees and also ensuring accountability at all levels of the organisation.
Answer:
<u>Q1. A1) kickback. A2) employee theft and bribery crime. A3) white-collar crime. </u>
<u>Explanation:</u>
Q2. This crime could have been detected by the individual he had dealings with the first time-the Salesman.
Q3. His dealings with his secretary was a crime that could have been prevented if she had refused to give in to demands. However, the kickback fraud most likely could not have been prevented as the organization has limited knowledge of the illegal deal.
Answer:
Yes, I do agree with the statement
Explanation:
The statement which is stating that the company net income as well as the statement of the owner's equity both are included or shown indirectly in the company balance sheet . As balance sheet is that statement which tells the financial position or performance of the company at a specific time period.
Because the net income is the outcome of income statement and directly shown or stated in the income statement whereas owner's equity is the capital of the business which is shown in the balance sheet. Net income is already included in retained earnings which means shown indirectly in the balance sheet.
The total per cost unit would be 63$ per unit.
Explanation:
Fixed costs are the cost that remains fixed throughout the production cycle whereas the variable cost changes according to the production process.
Hence for the given process while the variable cost would change for producing 3600 units, the fixed cost would remain the same.
The variable cost of producing 3100 units= 111,600$
Variable cost of producing 1 unit= 36$
The cost needed to produce 3600 similar units=129,600$
Fixed cost= 97,200$
Total cost of production= 129,600$+97,200$= 226,800$
Per unit cost of production= Total cost/total no of units produced
=226,800/3600
=63$
Answer:
PES = -0.5 or |0.5| in absolute terms, relatively inelastic supply
Explanation:
Price (Dollars) Demand (Millions) Supply (Millions)
$60 22 14
$80 20 16
$100 18 18
$120 16 20
Calculate the price elasticity of supply when the price is $80.
In order to calculate the PES at $80, we can use either the quantity when the price is $60 or $100.
P₀ = $80
P₁ = $60
Q₀ = 16
Q₁ = 14
or
P₀ = $80
P₁ = $100
Q₀ = 16
Q₁ = 18
the answer should be the same in this case:
PES = (-2/16) / ($20/$80) = -0.125 / 0.25 = -0.5 or |0.5| in absolute terms, relatively inelastic supply