The firm’s ethical conduct increases its long-term profitability as the ethical corporate behavior reduces unnecessary legal expenses and the need to pay fines.
Profitability is a measure of an agency's earnings relative to its expenses. companies that can be extra green will understand more income as a percent of their prices than a less-efficient employer, which must spend extra to generate equal earnings.
Examples consist of return on assets, go back on fairness, cash return on assets, return on debt, return on retained earnings, return on sales, threat-adjusted go back, go back on invested capital, and go back on capital employed.
In simple phrases, an enterprise's profitability is the volume to which its overall earnings exceed its overall expenses for any given duration. Profitability is an accounting concept this is occasionally known as net earnings or internet earnings.
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Answer:
it serves as a medium of exchange
Explanation:
<em>Money facilitates trades because it serves as a medium of exchange.</em>
<u>Trade generally involves the exchange of goods/services for another goods/services or money. The exchange of goods/services for another goods/services is termed trade by barter.</u>
Generally, all over the world, money is recognized as a medium of exchange. Each good/service can easily be evaluated in terms of money and the amount is exchanged during trading.
Answer: A) is the increase in total cost resulting from producing one more unit.
Explanation:
Marginal cost is the increase in total cost that a company incurs from producing one more unit of the good being produced. It includes both fixed and variable cost and can be calculated by dividing the change in cost by the change in quantity.
Marginal cost is an important metric in profit maximisation because it tells the point where profit is maximised when it equals Marginal revenue.
Solution :
a). There are total 5 executives. Therefore the possible sample size of 2 is
= 10
So, there are 10 possible ways for selection of sample size of 2.
b).
Sample Samples of service length Sample mean
Snow, Tolson 20, 22 (20+22)/2 = 21
Snow, Kraft 20, 26 23
Snow, Irwin 20, 24 22
Snow, Jones 20, 28 24
Tolson, Kraft 22, 26 24
Tolson, Irwin 22, 24 23
Tolson, Jones 22, 28 25
Kraft, Irwin 26, 24 25
Kraft, Jones 26, 28 27
Irwin,Jones 24, 28 26
c). The mean and the standard deviation of the means of the sampling distribution is given by :
= 24
The variance of the sample means :
= 3
Therefore the standard deviation of the sample means is
= 1.732
d). The population means is given by:
= 24
Therefore, we can say that the mean of the sample means is a point estimate of the population mean.
Answer:
1. The loss contingency should be accrued
2.$5,000,000
3. $5,000,000
4. loss- product recall $5,000,000
liability- product recall $5,000,000
Explanation:
Sound Audio manufactures and sells audio equipment for automobiles. Engineers notified management in December 2021 of a circuit flaw in an amplifier that poses a potential fire hazard. An intense investigation indicated that a product recall is virtually certain, estimated to cost the company $5.0 million. The fiscal year ends on December 31.
from the question we can deduce that:
1. This is a loss contingency and should be accrued because of the liability. The if the event will occur and the estimate is certain
2) loss: $5,000,000
3) liability: $5,000,000
4) loss- product recall $5,000,000
liability- product recall $5,000,000
a disclosure note is needed
