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3 years ago

What are the 4 basic business responsibility ?

Business

2 answers:

m_a_m_a [10]3 years ago

8 0

Answer:

the 4 key aspects

Explanation:

ethical, legal, economic and philanthropic.

zhannawk [14.2K]3 years ago

4 0

Economic responsibility
Legal responsibility
Ethical responsibility
Philanthropic responsibility
:))

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The following information is available for Larkspur, Inc. for three recent fiscal years. 2022 2021 2020 Inventory $570,000 $580,

bazaltina [42]

Answer:

2020

Inventory TO 2.2

Days on Inventory 166

Gross profit margin: 42.8%

2021

Inventory TO 2.1

Days on Inventory 174

Gross profit margin: 35.6%

Explanation:

Inventory $570,000 $580,000 $330,000

Net sales 1,875,000 1,750,000 1,350,000

Cost of goods sold 1,207,500 1,001,000 939,000

2020:

$\frac{COGS }{Average Inventory} = $Inventory Turnover$

where:

$$$Average Inventory=(Beginning Inventory + Ending Inventory)/2$

COGS 1,001,000

beginning 330,000

ending 580,000

$$$Average Inventory=330000 + 580000)/2$

Inventory 455000

$\frac{1001000}{455000} = $Inventory Turnover$

Inventory TO 2.2

$\frac{365}{Inventory TO} = $Days on Inventory$

$\frac{365}{2.2} = $Days on Inventory$

Days on Inventory 166

Gross profit margin:

sales less COGS divided over sales:

(1,750,000 - 1,001,000) / 1,750,000 = 0.428 = 42.8

2021

$\frac{COGS}{Average Inventory} = $Inventory Turnover$

where:

$$$Average Inventory=(Beginning Inventory + Ending Inventory)/2$

COGS 1,207,500

beginning 580,000

ending 570,000

$$$Average Inventory=580000 + 570000)/2$

Inventory 575000

$\frac{1207500}{575000} = $Inventory Turnover$

Inventory TO 2.1

$\frac{365}{Inventory TO} = $Days on Inventory$

$\frac{365}{2.1} = $Days on Inventory$

Days on Inventory 174

Gross profit margin:

sales less COGS divided over sales:

(1,875,000 - 1,207,500) / 1,875,000 = 0,356‬ = 35.6%

7 0

4 years ago

Blababa [14]

Amoreandrusamoreandrus

7 0

4 years ago

Finish Co. uses the allowance method to account for bad debts. At the end of 2010, Finish Co.'s un-adjusted trial balance shows

Anon25 [30]

Answer:

$5,800

Explanation:

Finish Co. uses the allowance method to account for bad debts. At the end of 2010,

Finish Co.'s un-adjusted trial balance shows an accounts receivable balance of $30,000;

allowance for doubtful accounts balance of $200 (credit);

and sales of $600,000.

Based on history, Finish estimates that bad debts will be 1% of sales.

The entry to record estimated bad debts will include a debit to Bad Debts Expense in the amount of:_______.

Total Bad debts at year end = 1% of Sales = 0.01 x 600,000 = $6,000

Amount of Allowance for Doubtful accounts = $200

Therefore the debit to Bad Debts Expense in the amount of $6000 - $200 = $5,800

7 0

3 years ago

Decentralization works best in companies

Yuliya22 [10]

answer

A decentrilized company business structure is one in which company executives place important decision making authority in the hands of front line and local managers versus reserving all critical decision at the top.

8 0

3 years ago

Sheryol is helping Stasia specify who the supervisors are in her business, who the managers are who oversee the supervisors, who

zysi [14]

Answer:

Organizational chart

Explanation:

An organizational chart is a diagram that visually conveys a company's internal structure by detailing the roles, responsibilities, and relationship between individuals within an entity. Organizational charts either broadly depict an enterprise company-wide or drill down to a specific department or unit.

This is the best device Steryol can use to describe or make the process of understanding the structure of an organisation.

8 0

4 years ago