P&G's Purpose Statement is as follows
We will provide branded products and services of superior quality and value that improve the lives of the world’s consumers, now and for generations to come. As a result, consumers will reward us with leadership sales, profit and value creation, allowing our people, our shareholders and the communities in which we live and work to prosper.
Stakeholders:
- consumers
- employees
- shareholders
- communities
Answer:
Go with either 40s or 50s (mainly 50s)
Explanation:
The more average age of CEOS stood in between 54.1 years, 4.1 years past 50s which is a little past the average range, it also said 40s on that chart too, but that must be for CFOS.
~<u>rere</u>
Answer:
Apr 1
DR Cash $234,000
CR Common stock $63,000
CR Paid in capital in excess of par - Common Stock $171,000
<em>(To record issuance of common stock)</em>
Apr 7
DR Cash $540,000
CR Preferred stock $350,000
CR Paid in capital in excess of par - Preferred Stock $190,000
<em>(To record issuance of preferred stock)</em>
Explanation:
April 1
Cash
9,000 * 26 = $234,000
Common stock
9,000*7 = $63,000
April 7
Cash
5,000*108 = $540,000
Preferred stock
5,000*70 = $350,000
Answer: When a firm is operating in a perfectly competitive labor market: <u>"the firm can buy as much or as little labor as it wants at a fixed, going wage rate."</u>
Explanation:
1- "the wage the firm increases with the number of workers hired" - Is incorrect because The salary paid by the company is treated as a constant salary.
2- Correct.
3- "the firm’s marginal expense of labor (MEL) equals the cost of all workers hired." is incorrect because the firm’s marginal expense of labor (MEL) is equal to the salary (wage) rate.
