Answer:
B) Businesses can actually do very little in terms of social responsibility.
Explanation:
Milton Friedman is most famous for the defense of the Chicago School economics which is a neoclassical approach to macroeconomics. He favored free trade, smaller government and a slow but constant growth of the money supply. I personally disagree with neoclassical economists because they have the tendency to mess things up and time proves they are always wrong (that is a biased but positive statement). He was the father of monetarism, but if you look at his last two disciples, George Bush and George W. Bush, the outcome was not positive ⇒ 3 deep recessions in 3 presidential terms.
As a neoclassical economist, Friedman believed and argued in favor of the trickle down in economics. That means that if you allow the rich to get overwhelmingly rich, their riches will spill over to the rest of society. Not because they are good people that like to share their wealth, but because they need workers and employees to keep consuming goods and services in order to get the economy moving. Eventually the spilled over wealth should return to the top. So it is no wonder why he opposed corporate social responsibility, since wasting time and money in the community, employees or the environment was simply a waste of resources that could be used to increase stockholders' wealth.
I understand how theoretically this might work, but it takes the human factor out of the equation and expectations are extremely important in economics, that is why they always fail.
Answer:
Total number of years remaining for employees = 3 + 4 + 5 + 6 + 6 = 24 years.
Projected benefit of $88,560.
Year Annual Amortization
2020 88,560 * 5/24 $18,450
2021 88,560 * 5/24 $18,450
2022 88,560 * 5/24 $18,450
2023 88,560 * 4/24 $14,760
2024 88,560 * 3/24 $11,070
2025 88,560 * 2/24 $7,380
Total $88,560
Every year the projected benefit is amortized by the number of employees still working divided by the total number of years for all the employees.
Answer:
Option D
Explanation:
A single premium immediate annuity relates to the insurance company arrangement whereby one really pay them a large sum of money right up front (widely referred to as a premium price) and so on. The company promise to regularly (monthly, for example) give you a specific amount of benefits for the remaining of one's lifetime.
Income payments both for instant annuities are made on the basis of non-taxed main yields and earnings payouts that are taxed at levels of income tax instead of levels of capital gain.
Answer: d. 3.82%
Explanation:
ROE = Net Income / Equity so Equity need to be ascertained.
1.75 = Total Assets/ Total Equity
Total Equity = Total Assets/ 1.75
1.33 = Revenue / Total Assets
Total Assets = Revenue / 1.33
= 320,000/1.33
= $240,601.50
Total Equity = 240,601.50/1.75
= $137,486.57
Old ROE = 10,549/ 137,489.57
= 0.07672582
= 7.67%
New ROE = (10,549 + 5,250) / 137,489.57
= 0.11491053466
= 11.49%
Difference = 11.49 - 7.67
= 3.82%
- The impact of the following transactions should be shown on the accounting equation below:
- The accounting equation comprises equity, liabilities, and assets.
- In this, the sum of the stockholder equity and the liabilities should be equivalent to the total assets.
- It analyzed the financial position, performance of the company.
Therefore we can conclude that the attachment i.e. attached represent the impact of the given transactions on the accounting equation.
Learn more about the accounting equation here: brainly.com/question/14689492
