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3 years ago

LO 1.5What is corporate social responsibility, and who are the stakeholders?

Business

1 answer:

Lana71 [14]3 years ago

5 0

Answer:

Corporate social responsibility is really a complex concept which, relating on the company or sector, will take several aspects. Companies can improve society by enhancing their products via CSR services, charity, and community projects.

It first needs to take responsibility for itself and its stakeholders in order for a company to be socially conscious. Today, organizations that implement CSR strategies have evolved to the point in which they can contribute to the community. CSR is therefore predominantly a large corporate strategy

A stakeholder is indeed a party with an involvement in a business and may influence or be influenced by business. His owners, staff, consumers and distributors are the key stakeholders in a standard company. The conceptual model of the idea, though, goes outside this original design to also include extra stakeholders such as a society, administration or trade organization.

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Pitney Co. purchased an office building, land, and furniture for $639,300 cash. The appraised value of the assets was as follows

serg [7]

Solution :

a). Amount to be recorded on the books for each of the assets.

Working Allocated cost($)

Land (639,300 / 716,016 )x 136,043 121467

Building (639,300 / 716,016 )x 179,004 159825

Furniture (639,300 / 716,016 )x 400,969 358008

Total 639,300

b). Statement model

Assets : Cash + Land + Building + Furniture

639,300 + 121,467 + 159825 + 358008

Cash flow = 639,300

c). Journal entry

General journal Debit($) Credit($)

Land 121,467

Building 159,825

Furniture 358,008

Cash 639,300

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2 years ago

Why cant this be a free site? Teens my age need help and not everyone can afford to pay for help.

IgorC [24]

Answer:it is

Explanation:

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3 years ago

Read 2 more answers

Cellant Solar Energy, INC, is a company that produces solar panels for domestic use. It has 800 permanent employees working in d

aev [14]

Answer:

$300,000

Explanation:

A company is implored to pay punitive damages if it only intentionally discriminated against employees or their federally protected rights.

The punitive charges paid under the Civil Rights Act of 1991 is $50,000 per violation, this covers an employee number of 14 - 100. While companies with over 500 employees are expected to pay $300,000 per violation.

Since Cellant Solar Energy, Inc. is involved in a case of intentional employee discrimination and it has 800 permanent employees working in different departments. The maximum punitive damage that they will have to pay under the Civil Rights Act of 1991 is $300,000.

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3 years ago

Read 2 more answers

Which of the following statements regarding uncertainty in liabilities is not correct? Group of answer choices Liabilities can i

nadya68 [22]

Answer: A company can only record a liability when it knows whom to pay, when to pay, and how much to pay

Explanation:

A liability is simply defined as the amount that a particular company owes. Liabilities consist of loans, accrued expenses, defered revenue, and accounts payable.

We should note that liabilities can involve uncertainty in whom to pay. Also, a company can have an obligation of a known amount to a known creditor, but not know when it must be paid.

Based on the options given in the question, the answer will be "a company can only record a liability when it knows whom to pay, when to pay, and how much to pay".

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3 years ago

Landis Company is preparing its financial statements. Gross margin is normally 40% of sales. Information taken from the company'

tatiyna

Answer:

$5,000= ending inventory

Explanation:

Giving the following information:

Gross margin is normally 40% of sales.

Sales= $25,000

beginning inventory= $2,500

purchases= $17,500

First, we need to determine the cost of goods sold:

COGS= 25,000*0.6= 15,000

Now, using the following formula, we can calculate the ending inventory:

COGS= beginning inventory + cost of goods purchased - ending inventory

15,000= 2,500 + 17,500 - ending inventory

5,000= ending inventory

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2 years ago