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Virty [35]
3 years ago
11

A restaurant chain sponsors a charity that provides support to the parents of children being treated for cancer. How would the u

se of company funds for this purpose be justified by a business whose goal is to maximize profit?
a. The funds dedicated to this purpose represent a very small share of profits.
b. The money spent is worth the boost it gives to corporate image.
c. The money will be spent efficiently to cure cancer.
Business
1 answer:
VARVARA [1.3K]3 years ago
4 0

Answer:

b. The money spent is worth the boost it gives to corporate image.

Explanation:

A restaurants charity  can be known as the activities related to the corporate social responsibility. Here the activities can be considered over and above what the law related to the land has prescribed and normally it is motivated to represent the company really care for the society also not the profit is only the purpose and in return the society helps the company to increased the profits

Therefore the option b is correct

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David saves money from his teaching job to buy a new boat when he retires in 20 years. The boat will cost $30,000. He has $12,00
LuckyWell [14K]

Answer:

True

Explanation:

The main advantage of a compound interest account is that the interest that you earn also earns interest, so the total amount of earned interest increases.

For example, a $10,000 account earning simple interest at a 4% rate will earn $4,000 in ten years. While the same amount in a compound interest account will earn $4,802.

7 0
3 years ago
Merchandise with a list price of $4,700 is purchased on account, terms FOB shipping point, 1/10, n/30. The seller prepaid freigh
algol13

Answer:

There are two methods to record purchases in the perpetual inventory system. The net method is another means of recording purchases which initially records the invoice at it net amount of any cash discount giving management an advantage in controlling and monitoring cash payments.

Perpetual Inventory System

Gross Method

(a) Purchased the merchandise.

Merchandise Inventory $ 4700 Dr.

Accounts Payable $ 4700 Cr.

Terms FOB shipping point, 1/10, n/30

(b) Recorded receipt of the credit memo for merchandise returned.

Accounts Payable $ 1600 Dr.

Merchandise Inventory $ 1600 Cr.

(c) Paid the amount owed within the discount period.

Accounts Payable $ 3100 Dr

Discount $ 31 Cr

Cash $ 3069 Cr  

Perpetual Inventory System

Net Method

(a) Purchased the merchandise.

Merchandise Inventory $ 4700 Dr.

Accounts Payable $ 4700 Cr.

Terms FOB shipping point, 1/10, n/30

(b) Recorded receipt of the credit memo for merchandise returned.

Accounts Payable $ 1600 Dr.

Merchandise Inventory $ 1600 Cr.

(c) Paid the amount owed within the discount period.

Accounts Payable $ 3100 Dr

Cash $ 3100 Cr  

6 0
3 years ago
A firm that is committed to keeping manufacturing facilities in only the home country (and not developing multiple production si
Mnenie [13.5K]

Answer:

lessen the effect of exchange rate changes by sourcing from where input costs are low

Explanation:

4 0
3 years ago
Mike Corporation uses residual income to evaluate the performance of its divisions. The company's minimum required rate of retur
Tanya [424]

Answer:

The answer is $7,900

Explanation:

Formula of Residual Income=Net Operating Income-(minimum required rate of return*average operating assets)

Residual income (RI)=$143,700-($970,000*14%)

RI=$7,900

Further we can alsocalculate

Return on investment (ROI)=$143,700/$970,000=14.81%

8 0
3 years ago
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What do u mean by equipment ?​
miss Akunina [59]

Explanation:

1a : the set of articles or physical resources serving to equip a person or thing: such as. (1) : the implements used in an operation or activity : apparatus sports equipment. (2) : all the fixed assets other than land and buildings of a business enterprise. (3) : the rolling stock of a railway.

6 0
3 years ago
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