1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Diano4ka-milaya [45]
3 years ago
10

Laws have curtailed smoking, and as a result, the sale of cigarettes is down. Rather than fighting the law, the cigarette indust

ry is looking for ways to take their business beyond cigarettes. Many experts believe that the cigarette producers have found a way around the law with the promotion and distribution of smokeless tobacco, which has shown consistent sales gains over the last decade. In terms of the social responsibility pyramid, at which level is the cigarette industry operating
Business
1 answer:
4vir4ik [10]3 years ago
6 0

Answer:

From the top of the pyramid, the Cigarette Industry is operating at the penultimate level which speaks to Legal Responsibility.

In descending order, there are four levels on the social responsibility pyramid. Namely:

  1. Philanthropic Responsibility Phase: At this stage, the companies seek to contribute to improving the quality of life within and outside the communities they operate. Location sometimes may depend on policy and strategy.
  2. Ethical Responsibility Phase: At this phase of the pyramid, the companies are concerned about preventing damage to their brand. Therefore, they play to do what's right, just and fair.
  3. Legal Responsibility Phase: Companies working on this level will be comfortable playing by the rules. Their responsibilities are guided strictly by what is right and or wrong as far as the Laws of their e where they are located are concerned.
  4. Economic Responsibility Phase: The focus of the business at this stage is to fulfil its economic responsibilities. Any business' primary responsibility is to be and stay profitable.

Cheers!

You might be interested in
The following selected accounts from the Pina Colada Corp.’s general ledger are presented below for the year ended December 31
Snowcat [4.5K]

Answer:

Pina Colada Corp.

Multi-step Income Statement for the year ended December 31, 2017:

Sales revenue                                   $2,304,000

Sales returns and allowances                 39,360

Net Sales                                            2,264,640

Cost of goods sold                              1,041,600

Gross profit                                         1,223,040

Rent revenue                                          23,040

Gross operating revenue                  1,246,080

Depreciation expense             120,000

Salaries and wages expense 648,000

Freight-out                                24,000

Advertising expense                52,800

Sales discounts                           8,160

Insurance expense                   14,400

Total operating expenses                   867,360

Operating income (EBIT)                   $378,720

Interest revenue                                   28,800  

Interest expense                                 (67,200)

Income before taxes                       $340,320

Income tax expense                            67,200

Net income                                       $273,120

Retained earnings                             513,600

Dividends                                          (144,000)

Retained earnings, Dec. 31, 2017  $642,720

Explanation:

a) Data and Calculations:

December 31, 2017:

Common stock 240,000

Retained earnings 513,600

Inventory 64,320

Sales revenue 2,304,000

Sales returns and allowances 39,360

Rent revenue 23,040

Interest revenue  28,800  

Cost of goods sold 1,041,600

Depreciation expense 120,000

Salaries and wages expense 648,000

Freight-out 24,000

Advertising expense  52,800

Sales discounts 8,160

Insurance expense 14,400

Interest expense 67,200

Income tax expense 67,200

Dividends 144,000

8 0
3 years ago
FIN issues a $1000 par value bond that pays 7 precent annula interest and will mature in 14 years. The current market price for
Serjik [45]

Answer:

7.05 %

Explanation:

After tax cost of debt = interest x ( 1 - tax rate)

so, the initial step is to determine the interest rate :

The Bond Yield (i/yr) presents the market rate and this is what we want for our interest rate.

thus,

PV = -  [$950 - ($950 x14%)] = - $817<em>(remove floatation cost from market price)</em>

FV = $1000

PMT = $1000 x 7 % = $70.00

P/YR = 1

N = 14

i/yr = ??

Using a financial calculator to input the values as above, the Bond Yield (i/yr) will be 9.40 %

therefore,

After tax cost of debt = 9.40 % x (1 - 0.25)

                                    = 7.05 %

5 0
3 years ago
Wesimann Co. issued 15-year bonds a year ago at a coupon rate of 7.5 percent. The bonds make semiannual payments and have a par
brilliants [131]

Answer:

$1,161.46

Explanation:

In order to determine the current bond price we can use an excel spreadsheet and the present value formula: =PV(Rate,Nper,PMT,FV)

where:

  • Nper = 14 x 2 = 28 (15 year bond issued 1 year ago = 14 years)
  • Rate = 5.8% / 2 = 2.9% (semiannual payments)
  • PMT = ($1,000 x 7.5%) / 2 = $37.50
  •  FV = $1,000 (face value of bonds)
  • PV = ?  

Current price =PV(Rate,Nper,PMT,FV) =PV(2.9%,28,37.50,1000) = $1,161.46

7 0
4 years ago
What recent StuffDot actions have added to its user-friendliness
8090 [49]

Answer:

In simple words,  The stuffdot recently undergone several measures to render it app friendlier. Both systems, whether browsers or Android or iOs, have the same functionality introduced through stuffdot. The app will now utilise stuffdot wherever, every time.

We also now introduced additional categories of apps such as store page, browse stores, and offers on dotting as well as incentive status that are categorised into lifelong, uncollected, and existing incentives. Thus all these additional versions made this same stuffdot user-friendlier.

5 0
3 years ago
Recommended methods to protect yourself from identity theft and fraud include_______.
mel-nik [20]

Answer:A

Explanation:

6 0
3 years ago
Other questions:
  • True or false, careers cannot be built from and number of jobs, only a select few
    5·1 answer
  • From the list, select reasons people get insurance.
    6·1 answer
  • Cat's product manager continues to perform well in the market. However, a competing product is coming on strong and is looking t
    7·1 answer
  • Sam, the chief accounting officer of texas fencing corporation, wants to be sure that all the company's accounts are legal and e
    9·1 answer
  • The annual profit from an investment is $ 25 comma 000 each year for 5 years and the cost of investment is $ 75 comma 000 with a
    12·1 answer
  • One difference between a perfectly competitive firm and a monopoly is that a perfectly competitive firm produces where Group of
    15·1 answer
  • According to the eTextbook, ______ is the lot size (Q) that will minimize total annual inventory cost.
    6·1 answer
  • Please subscribe to my mom channel please<br><br>I need 100 subscribe​​
    5·2 answers
  • What role does a fast-food corporation play when it agrees to franchise its business?
    12·1 answer
  • You work for a Public Relations Consultancy that has been approached by the German company DHL to assist with their Public Relat
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!