Discuss any 5 measures introduced by the government to fight poverty in south Africa

Does a business neceşsarily have obligations to anyone besides stockholders?

Marina CMI [18]

Answer:

of course. Business have obligations and duties towards many parties. we call these people "stake holders". in other words, they are either interested in the business and activities or are effected by the business activities.

for an example, the community and the environment the business operates in are stakeholders and the firm has responsibility to ensure an environmental friendly production and practices are carried out by the firm.

Government and tax authorities are another example. firm has to make sure that the required disclosures are made and proper taxes are paid timely.

Potential investors are another example, the company has to make sure that they disclose all the relevant and material information that may give signals about the companies future and its direction.

Explanation:

8 0

3 years ago

Variable production costs Plastic for casing $ 171,500 Wages of assembly workers 490,000 Drum stands 215,600 Variable selling co

Leviafan [203]

Answer:

Part 1.

Contribution margin income statement for the year.

Sales (4,900 x 340) 1,666,000

Less Variable Costs

Plastic for casing 171,500

Wages of assembly workers 490,000

Drum stands 215,600

Sales commissions 161,700 (1,038,800)

Contribution 627,200

Less Fixed Costs

Taxes on factory 6,000

Factory maintenance 12,000

Factory machinery depreciation 72,000

Lease of equipment for sales staff 12,000

Accounting staff salaries 62,000

Administrative management salaries 142,000 (306,000)

Net Income 321,200

Part 2.

Contribution margin per unit = $627,200 / 4,900 = $128.00

Contribution margin ratio = $627,200/ $1,666,000 = 37.65 %

Explanation:

The Contribution Margin Income Statement calculates separately the contribution and net income as shown above.

4 0

2 years ago

At the beginning of July, CD City has a balance in inventory of $2,850. The following transactions occur during the month of Jul

erastova [34]

Answer:

Gross profit = $ 3950.

Explanation:

1.

July-3. Dr Merchandise Inventory 1750

Cr Accounts payable 1750

( To record purchase of inventory on account)

July-4. Dr Merchandise Inventory 120

Cr Cash 120

( To record payment of freight charges)

July-9 Dr Accounts payable 400

Cr Merchandise Inventory 400

( To record return of inventory)

July-11 Dr Accounts payable 1750

Cr Cash 1750

( To record payment from wholesale music in full)

July-12.a) Dr Cost of goods sold 2450

Cr Merchandise inventory 2450

b) Dr Account receivable 4700

Cr Sales revenue 4700

(To record sales of goods to a customer)

July-15. Dr Cash 4700

Cr Account receivable 4700

( To record receipt from sale of goods)

July-18 Dr Merchandise inventory 2550

Cr Accounts payable 2550

(To record purchase of inventory on account)

July-22.a) Dr Cost of goods sold 1950

Cr merchandise inventory 1950

Dr Account receivable 3650

Cr sales revenue 3650

(To record sales of goods on account)

July-28 Dr Accounts payable 190

Cr Merchandise inventory 190

(To record purchase return)

July-30. Dr Accounts payable 2550

Cr Cash 2550

(To record paid in full).

2. Income statement

Sales (4700+3650) = 8350

Less: Cost of goods sold (2450+1950) =(4400)

Gross profit 3950

7 0

3 years ago

At the current prices of goods X and Y, the quantity demanded of good X is 10 units, and the quantity demanded of good Y is 5 un

damaskus [11]

Answer:

When the price of good y increases by 10% it will result in the quantity demanded of x to increase by (0.6*10) =6%. The current quantity demanded of good x is 10 so a 6% increase will mean the quantity demanded of x will be (1.06*10)= 10.6

Explanation:

The cross elasticity of goods x and y is 0.6, which means that a one percent increase in price of good y will increase the demand for good x by 0.6%, this means that x and y are substitute goods, as when the price of y increases people tend to buy more of x.

When the price of good y increases by 10% it will result in the quantity demanded of x to increase by (0.6*10) =6%. The current quantity demanded of good x is 10 so a 6% increase will mean the quantity demanded of x will be (1.06*10)= 10.6

8 0

3 years ago

You recently purchased a stock that is expected to earn 30 percent in a booming economy, 9 percent in a normal economy, and lose

sergiy2304 [10]

Took me a bit to understand what this is. I have no business sense at all.

Expected Rate of Return = 30%*5% + 9%*75% - 33% * (100 - 75 -5)%
Expected Rate of Return = 0.015 + 0.0675 - 33%*20%
Expected Rate of Return = 0.015 + 0.0675 - 0.066
Expected Rate of Return = 0.0165

This then is expressed as a %
0.0165 = 1.65 % Sounds like you are buying a US short term treasury.
If anyone else answers, take their answer.

3 0

3 years ago

Discuss any 5 measures introduced by the government to fight poverty in south Africa​

Discuss any 5 measures introduced by the government to fight poverty in south Africa