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3 years ago

Corporate charitable giving is frequently described as

1 answer:

6 0

Charitable donations or giving from a corporate entity is frequently described as genuine altruism. This is because they are giving without expecting something in return.

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Noric Cruises Inc. began the month of October with the following balances: Common Stock, $150,000; Additional Paid-In Capital, $

Art [367]

Answer:

The statement of stockholders’ equity for the month ended October 31 is $18,450,000.

Explanation:

Noric Cruises Inc.

Statement of stockholders’ equity for the month ended October 31

Common stock Paid-In Capital Retained Earnings

Opening balance $150,000 $3,225,000 $12,400,000

Addition 800,000 - -

Net income - - $2,350,000

Cash dividends - - (475,000)

Balance at Oct 31 $950,000 $3,225,000 $14,275,000

4 0

3 years ago

steven's income decreased from $1,800 a month to $1,200 a month when he went back to school. as a result, he cut back on trips t

Ymorist [56]

Steven's income elasticity is 0.83

<h3>How to calculate the income elasticity ?</h3>

Income elasticity can be described as the change in the quantity demanded by the change in the income

Steven's income decreased from $1800 to $1200

His trips also decreased from 15 to 10

The Income elasticity can be calculated as follows

= 15 -10/(1800-1200) × 100

= 5/600 × 100

= 0.00833 × 100

= 0.83

Hence the income elasticity is 0.83

Read more on income elasticity here

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6 0

2 years ago

After analyzing your menu, you find that food sales are $1,200 and beverage sales are $800. Your average gross margin for food a

stepan [7]

Answer:

Food is more profitable

Explanation:

The formula for calculating the gross margin ratio is as below.

Gross margin ratio= gross profit/ net sales.

Therefore, gross profit= net sales x gross profit ratio

in this case:

The gross profit ratio is 67%

gross profits from food sales

=1200 x (67/100)

=$804

Gross profit from beverages

=$800 x ( 67 /100)

=$536

Gross profit from food sales is higher than that of beverages

Food is more profitable

3 0

3 years ago

Read 2 more answers

Digitoll is a digital content company with offices in four cities across the world. Recently, Digitoll began using Sammer, an en

amm1812

Answer:

Social business.

Explanation:

By using Sammer, Digitoll employs the aspects of social business.

Social business refers to using social media technologies for interacting with and facilitating communication and collaboration among employees, customers, and other stakeholders. Social media can also improve the human aspect of organizations by enabling a sense of community and facilitating communication,collaboration, and knowledge sharing.

5 0

4 years ago

Which is the most common method for calculating credit card balances? A. Previous balance method, B. Adjusted balance method, C.

fenix001 [56]

The correct answer is C. Average daily balance method.

In average daily we consider balance interest or owed at the end of the day.

To calculate debt credit card we take the percentage of the total amount of current balance which will be termed as the interest then add one percent of the principal.

T o calculate for daily credit card balance we total the balance in the billing cycle everyday then you will divide your total with the number of days which in the cycle.

8 0

3 years ago

Read 2 more answers