Answer:
The dimension of social environment that is exemplified in this scenario is:
d. Diversity
Explanation:
A social environment constitutes the beliefs, values and customs of a people. Business operated on social environment since it involves the interaction with different groups of people who have a variety of beliefs, value and customs. These social values of people contribute to most of the economic decisions that they make, an example is; whether or not they will purchase a certain product or not depending on their cultural beliefs or practices associated with that product. It is there imperative to ensure that a business is fully aware of the type of social environment that they plan to carry out their business. The knowledge of the social environment a business operates in can be of great significance on how they relate to that particular environment. Research has shown that most businesses that are successful have some knowledge on how to handle their social environment.
Organizations can utilize different aspects of the social environment to be successful. One such example is diversity. Diversity as an aspect of social environment is the act of targeting different social groups either through marketing or product specification to appeal to distinct social groups.
Answer:
Please refer to the attached file
Explanation:
Please refer to the attached file.
Note that Asset must equal equity plus liability
Answer:
(B) $5,000 favorable.
Explanation:
Variable cost flexible budget variance:
budget for 6,000 units total variable cost: $180,000
We divide the total cost by the activity in that budget:
$180,000/ 6,000 = 30
Now we multiply by the actual volume:
5,000 x 30 = 150,000
Now we do flexible budget - actual cost = variance
150,000 - 145,000 = 5,000 favorable
It is favorable, as the cost where less than expected.
I believe the answer is b. However I'm not quite sure. I think b would be the most reasonable answer.
Answer: A) Income Summary
Explanation:
The Income Summary account is used to compile temporary accounts before posting them to capital accounts. Revenues, Expenses and Cost of Goods are temporary accounts which will be compiled in the Income summary account.
The Income summary account has a debit and a credit side with income going on the credit side and expenses going on the debit side. If the credit side is higher than the debit side then profits have been made. The reverse is true.
