Is committed to maintain a product oriented philosophy
Answer:
As the ice melts and turns into water, the level of the liquid water will lower and it will no longer be perfectly leveled with the rim of the glass. This happens because water has a unique property, its solid state occupies a larger volume than its liquid state, i.e. as waters turns into ice, it expands and occupies more space. Generally, as liquids become solid, they will shrink and occupy less space, but that doesn't happen with water.
Explanation:
Answer:
How Does Being Good Pay Off?
Effects of ethical and socially responsible behavior by a company on various stakeholders:
1. Consumers want to spend more money with companies that are socially responsible.
Customers
2. Socially responsible companies generate significantly higher 5- year returns on invested capital.
Profits
3. An ethical scandal can cause company's valuation to plummet.
Stock Price
4. Workers may be happier and less likely to leave when their company is socially responsible.
Employees
5. Investors are increasingly seeking socially responsible companies to put their money into.
Revenue
6. Companies with effective ethics and compliance cultures find their employees are less likely to retaliate against one another.
Interpersonal Relationships
Explanation:
a) Stakeholders Effects:
Interpersonal Relationships
Employees
Profits
Stock Price
Revenue
Customers
b) Organizations are not only under pressure to do right, but many have discovered that it pays more in both revenue and profits to do right. The society has given organizations the opportunity to move in the right direction, and they should never lose it because the consequences of neglecting this onerous duty are too dear to contemplate.
Answer:
Dear Management
Classifying costs in an essential part of the management of a business. Classifying costs help us identify more accurately where the money that the firm is spending is going, and this also allows us to identify what costs to raise or to cut.
Costs can be classified according to their nature: labor costs or material costs.
They can also be classified according to their traceability: direct costs (can be traced back to the final product), or indirect costs (cannot be traced back to the final product).
They can also be classified according to their behaviour: variable costs, mixed costs, and fixed costs.
And, they can be classified according to their function: production costs, commercial costs, administrative costs, and so on.
As can be seen, the classifications are numerous, and very important, and any well-run company makes use of these classifications in order to improve the performance of the business.
Answer:
income summary 550 debit
retained earnings 550 credit
--to close income sumary against RE--
Explanation:
To complete the closing entries we should determinate the balance of the Income Summary account and then, transfer into Retained Earnings.
Income Summary
<u> Debit Credit </u>
2,450
<u> 3,000 </u>
Balance 550
We will debit income summary so his blanace ends in zero and credit retained earnings so net income is accumualted and added into equity to represent it in the balance sheet.
