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dangina [55]
2 years ago
7

GoFuel has decided to "play with the facts" and tell consumers in its advertising that the spill was "minor" and that consumers

shouldn’t worry. Which group or groups might take issue with this approach?
Business
1 answer:
adelina 88 [10]2 years ago
3 0

The complete question is:

GoFuel, an extremely profitable oil company, has large drilling operations in the Gulf of Mexico. It operates worldwide, markets itself as an environmentally responsible business, and has a substantial advertising budget. Unfortunately, GoFuel has had an oil spill in the Gulf that has introduced billions of gallons of oil into the fishing-heavy waters off Louisiana. The company wants to run an advertising campaign to address this accident.

GoFuel has decided to "play with the facts" and tell consumers in its advertising that the spill was "minor" and that consumers shouldn't worry. Which group or groups might take issue with this approach?

Federal Trade Commission

Association of National Advertisers

American Advertising Federation

Better Business Bureau

All of these choices are correct.

Answer:

All of these choices are correct.

Explanation:

In this scenario GoFuel has had an oil spill in the Gulf that has introduced billions of gallons of oil into the fishing-heavy waters off Louisiana.

In their advertising however they are saying the spill is minor and consumers should not worry.

This is untrue and all the listed organisations will take issue with this approach:

The Federal Trade commission promotes protection of consumers

Association of National Advertisers ensures best practices in advertising. The false statements by GoFuel goes against its objectives.

American Advertising Federation is also concerned with transparent advertising that does not misrepresent issues.

Better Business Bureau is a non governmental organisation that aims to build market trust

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The correct answer is gross income multiplier.

Explanation:

Gross income multiplier is the figure used as a multiplier of the annual gross income of a property to produce an estimate of the value of the property. Number used to estimate the Value of a Property. Gross property income is multiplied by this figure.

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3 years ago
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kolbaska11 [484]

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selling an investment for more than they paid for it

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As a CEO, you are concerned that your firm and the industry in your country are being devastated by foreign imports. Trade lawye
sashaice [31]

Answer:

The company can file antidumping case against the leading foreign rivals. The probability of winning the case is only high when there is cash deposits near to zero in the country and balance of payment is negative.

Explanation:

There can be a law suit files against the foreign rivals but the company will have to bear lawyers fee for this. There is a threat to employment of labor in the home country as most of the goods are imported so factories in the home country will be moved towards shut down because consumers will be buying imported goods which are offered at low price.

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3 years ago
At the beginning of Year 2, the company repurchased and retired 1,100 shares at $8.10 per share. Prepare the appropriate journal
Tema [17]

Answer:

Explanation:

We have two journal entries to be able record the repurchase and retirement of the shares

First journal to record the share repurchased

Dr Treasury stock 8,910

Cr Cash 8,910

While the second journal is to record the retirement of share repurchased:

Dr Common stock 1,100

Dr Paid-in capital common stock 2,310

Dr Retained Earning 5,500

Cr Treasury stock 8,910

To record the share repurchased:

The Treasury stock account is debited with the amount that is equals to cash paid for stock that is been repurchased, therefore, offsetting entry is credit Cash account = Number of share repurchased multiply Price purchase

= 1,100 * 8.1

= $8,910

Also, to record the retirement of share repurchased:

The common stock account is been debited at the amount = Par value multiply by Share retired

= 1 * 1,100

= $1,100

As one common stock is carried $2.1 value excess of par ( which is calculated as 168,210 / 80,100); paid-in capital account is debited by $2,310 ( 1,100 * 2.1)

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Number of share retired multiply by ( Price at retired - Par value - Excess of par value) = 1,100 * ( 8.1 -1-2.1) = $5,500

Treasury account is debited $8,910 to bring the balance of this account to zero as stocks repurchased are fully retired.

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3 years ago
MV Corporation has debt with market value of ​million, common equity with a book value of ​million, and preferred stock worth mi
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Answer:

The Weighted Average cost of capital measures the cost to the company of its current capital structure by using the weights of the various capital measures. WACC usually uses market values so;

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<u>Proportions.</u>

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Preferred Stock<u> </u>

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= 5%

Common Equity

= 300/420

= 71%

6 0
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