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Sergeeva-Olga [200]
2 years ago
9

Rizenton-Pharm, a pharmaceutical company, produces a significant amount of chemical waste every day. The company disposes the wa

ste in a nearby lake despite strict government regulations regarding waste disposal. This scenario illustrates that Rizenton-Pharm has failed to fulfill its _____.
a. discretionary responsibility
b. legal responsibility
c. economic responsibility
d. political responsibility
Business
1 answer:
LenaWriter [7]2 years ago
7 0

Answer: (B) Legal responsibility

Explanation:

 The legal responsibility is one of the type of legal duty based on some laws and it basically helps in creating the foundation of the different types of values in an organization.

The legal responsibility plays an important role in an organization or any company as it helps in ensure all the legal formalities done by the company with the supplier, manufacturer or deals with the other company.

According to the given question, the Rizenton-pharm is one of the type of pharmaceutical company that producing the various types of chemical waste on regular basis that affect the government regulations and also environment. So, the pharm has flailed for fulfill their legal responsibility.

Therefore, Option (B) is correct answer.

You might be interested in
Allen Lumber Company had earnings after taxes of $750,000 in the year 2015 with 300,000 shares outstanding on December 31, 2015.
GarryVolchara [31]

Answer:

Earning per share for the year 2016 is $2.68

Explanation:

For computing the earning per share, we have to use the formula of earning per share which is shown below:

= Net income ÷ total number of outstanding shares

where,

Net income is $937,500

And, the total number of outstanding shares equals to

= 2015 shares + 2016 shares

= 300,000 + 50,000

= 350,000

Now put these values to the above formula

So, the earning per share would be equals to

= $937,500  ÷ 350,000 shares

= $2.68

The earning after tax is not considered. Thus, it is ignored.

Hence, earning per share for the year 2016 is $2.68

4 0
3 years ago
If a contract involves a significant financing component:____________.
Pavel [41]

Answer:

The time value of money is used to determine the fair value of the transaction ( B )

Explanation:

If a contract involves a significant financing component the time value of money is used to determine the fair value of the transaction and this is because the time value of money states that the money at hand ( available money ) is worth more than the identical sum of money in the future due to the earning capacity of the money.

therefore a contract involving a significant financing component ( present monetary component ) would have its fair value determined by the time value of money

7 0
3 years ago
Read 2 more answers
Mary buys a new toaster for $500. the toaster's label bears a disclaimer stating that the manufacturer is not liable for consequ
Damm [24]

Answer:

The answer is<u> "$500".</u>

Explanation:

The amount of monetary damages Mary can likely recover from the manufacturer of the toaster is $500, because the disclaimer label on the toaster clearly states that, the manufacturer company is not liable for consequential damages. The damage of the electrical wiring in the kitchen refers to consequential damage because it is not the direct result of the damage of toaster but it is due to the spark in the toaster.

5 0
2 years ago
"The Internet of everything (IOE) has created a lot of excitement in the business community. What evidence could you present to
joja [24]

Answer:

Yes, the Internet of everything (IOE) has created a lot of excitement in the business community.

Explanation:

IOT has come to revolutionalized our life in many ramifications. It is regarded as the best and fastest means of connecting to the people as well as machines around world. It effect ranging from Aviation, Education, Health Care Services, and so on. Business operation have witnessed significant improvement in the sense that things get done over the Internet easily. One buy and sell, services such as consultancy are rendered over the Internet.

Example

The example is Telecom Industry.

It effect could be seen in communication, is those days where there was no internet, mail or letter are delivered taking longer period and sometime may even get loss but with Telecommunications, introduction of e-mail come where letters is being delivered within seconds.

6 0
3 years ago
Intercontinental Inc., uses a periodic inventory system. At the end of Year 2, the account records provided the following inform
densk [106]

Answer:

Intercontinental Inc.

The amount of ending inventory is = $16,380

The cost of goods sold is = $37,810

Explanation:

a) Data and Calculations:

                                                                    Units      Unit Cost    Total Cost

Inventory, December 31, Year 1                  1,830          $ 6         $10,980

For Year 2: Purchase, March 21, Year 2   6,200          $ 5          31,000

Purchase, August 1, Year 2                        4,070          $ 3           12,210

Total cost of inventory                              12,100                        $54,190

Inventory, December 31, Year 2                2,910                          16,380

Cost of units sold                                       9,190                        $37,810

Cost of ending inventory, 2,910

= 1,830 at $6 = $10,980

 1,080 at $5 =     5,400

2,910           =  $16,380

Cost of goods sold = Cost of inventory available minus the cost of ending inventory

= $54,190 - $16,380

= $37,810

6 0
2 years ago
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