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bearhunter [10]
3 years ago
13

What does social responsibility mean to you personally? Do you think business organizations

Business
1 answer:
Veseljchak [2.6K]3 years ago
8 0

Answer: Social responsibility for me means contributing to the environment and if I believe that companies should be responsibly social.

Explanation: Social responsibility allows me to understand that being in the world is not simply to satisfy my needs but also to provide help to those who need it. A company with social responsibility is one that knows how its organization can negatively or positively affect the community in which it is located.

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Tiptoe shoes had annual revenues of $201,000, expenses of $111,700, and dividends of $24,400 during the current year. the retain
Andreyy89

Entry to close the income summary account at the end of the year:


At the time of closing the Income Summary account, the Income Summary account is debited and Retained earnings account is credit with the amount of Net Income. Net Income can be calculated as follows:


Net income =  Revenue – Expenses  = 201,000-111,700 = $89,300


Hence the entry to close the income summary account at the end of the year shall be as follows;


Income Summary Debit  $89,300

Retained earnings Credit $89,300





4 0
3 years ago
Shamrock Company's accounts receivable arising from sales to customers amounted to $142000 and $124000 at the beginning and end
aleksandr82 [10.1K]

Answer:

$557,000

Explanation:

Operating activities: It includes those transactions which affect the working capital. It means that the increase in current assets and a decrease in current liabilities would be deducted and a Decrease in current assets and an increase in current liabilities would be added.  

The computation is shown below:

= Income reported on the income statement + decrease in account receivable

= $539,000 + $18,000

= $557,000

The decrease in account receivable

= $142,000 in beginning of the year - $124,000 in end of the year

= $18,000

8 0
2 years ago
The FDA supervises standards of quality and consistency of drugs today. <br><br> True <br> False
Soloha48 [4]
True. Hope this helps!
7 0
3 years ago
Can you contest a divorce on the very last day?
Citrus2011 [14]
You actually can cause it wasn’t far alone in the relationship
6 0
3 years ago
Read 2 more answers
From the standpoint of the issuing company, a disadvantage of using bonds as a means of long-term financing is that
kumpel [21]

Answer:

interest must be paid on a periodic basis regardless of earnings

Explanation:

Businesses need funds to operate and they sometimes issue bonds to get the needed bonds.

Bonds are debt instruments that are sold to investors to get funds. Interest is also paid to the bond buyer for the tenure of the bond.

The major disadvantage of using bonds as a source of bonds from the standpoint of the issuer is that interest must be paid on a periodic basis regardless of earnings.

6 0
2 years ago
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