Answer: corporate social responsibility practice
Explanation:
Corporate social responsibility occurs when organizations contribute to societal goals by supporting practices that are ethically oriented and have a positive effect on the economy.
Since Patagonia donates at least 1% of profits to support environmental causes and is contributing positively to the economy, then Patagonia is practicing corporate social responsibility practices.
Answer:
Multisource Feedback
Explanation:
In some cases, performance appraisals include feedback from only employees’ supervisors. In contrast, multisource feedback occurs when recipients receive feedback from subordinates, peers, supervisors, and/or external stakeholders such as customers and suppliers
Answer:
correct option is a. No impairment should be reported
Explanation:
given data
carrying amount = $1,600,000
net cash flows = $1,630,000
fair value = $1,360,000
to find out
amount report as an impairment to its equipment
solution
we know that here impairment loss is carrying amount - higher of fair market value and value in use ..................1
here recoverable value is = $1630000
so
impairment loss is = $1600000 - $1630000
impairment loss = - $30000
here loss is negative
so that correct option is a. No impairment should be reported
Answer:
skimming prices
Explanation:
Based on the scenario being described it can be said that it can be concluded that Timber Guitars has adopted the strategy of skimming prices. This is a a pricing strategy in which a company or marketer sets a relatively high starting price for their products in the beginning of introducing it into the market, then only after some time has passed do they begin to lower prices slowly. Which is what Timber Guitars has done by placing the guitar at a very high price and only lowering it after a good quantity were sold.
Answer:
legal fees 15,000 debit
common stock 8,000 credit
paid-in in excess of par value 7,000 credit
Explanation:
the legal fee expense is for 15,000 so we will recognize the expense for that amount.
the stock have a face value of $1 but, the laywer agree to recieve up to 8,000 which means thre is an additoonal paid-in for 7,000 which is the deifference between the expense amount and the shares face value.
That will be recorded in the journal entry.