Answer:
Corporate Social Responsibility or CSR.
Explanation:
To put it simply, Corporate Social Responsibility means that a company is concerned and responsible about how their actions affect People, Planet and their Profits (3 P's)
Following are the generally accepted principles of CSR.
- Compliance with international commitments
- Compliance with international and national laws and regulations
- Maintenance of good corporate governance
- Communication and dialog with all stakeholders
- Commitment to Transparency
- Conservation and the promotion of the Environment
- Fiscal responsibility
- Protecting Human Rights
- Promotion of Social responsibility
Answer:
Increase in income from Operations = $72,000
Explanation:
Current cost of purchasing the inventory = $5 per unit.
Purchase price if bought from Division 6 = $3.20
Net benefit on each unit = $5 - $3.20 = $1.80
Number of units purchased = 40,000
Net savings in Expense of purchase of raw material, which will result in increase in income from operation's by = 40,000 
$1.80
= $72,000.00
Answer: Total consumer surplus is $27
We calculate Consumer Surplus as follows:
We calculate Consumer Surplus for each person
Person Price Willing Actual Price Consumer Surplus
John 30 20 
Susie 28 20 
Joseph 25 20 
Jessica 23 20 
<u>Jeremy 21 20 
</u>
<u>Total Consumer Surplus 27 </u>
Answer:
the interest expense for the first year is $10,238
Explanation:
The computation of the first year interest expense is shown below:
= Four equal annual payment × PVA factor of 4 years at 11% × interest rate implicit in the lease
= $30,000 ×3.10245 × 11%
= $10,238
Hence, the interest expense for the first year is $10,238
We simply applied the above formula so that the correct value could come
And, the same is to be considered
Answer:
When monopolistically competitive firms advertise, in the long run they will still earn zero economic profit.
Explanation:
Monopolistic competition happens when many producers sell products that are differentiated from one another and hence are not perfect substitutes
Based on this, the demand curve of a firm in a monopolistic competitive market will shift so that it is tangent to the firm's average total cost curve and this will make it impossible for the firm to make economic profit. The best that can be expected is to be able to break even
This means in the long run, a monopolistically competitive firm will make zero economic profit.
A good example is Hotel which can only raise its prices without losing all of its customers based on brand loyalty and distinct quality differentiation.
