1. Identify the factors that impact the social responsibility policies implemented by businesses.

Using the expanded accounting equation, calculate and enter the answers for each question. You will need to use the answers you

Bas_tet [7]

Solution:

Answer for 1. and 2. :

Particulars Assets liabilities owner's equity

Beginning capital 29000 16000 13000

Ending capital 63000 29000 34000

3. Beginning capital 13000

add new stock 5500

Add : Income ?

Sub total ?

Less: Dividend 36700

Closing Capital 34000

By inserting the last two numbers of the sentence you will determine the "Subtotal." : 36700+34000 = 70700

We learn from the top of the document that the equity of the investor at the outset was $13,000 and the shareholding of $5500 was released. Therefore, when calculating net income, we have $18,500.

Now , Net income =70700-18500=$ 52,200

4. Closing Capital+Dividend =Common stock +net income

=34000+8100

=Common stock +1000

Then common stock = $ 41,100

5. Closing Capital + Dividend = Opening capital +Common stock issued +net income

34000+dividend =13000+16700+18000

Dividend = $13700

6. Closing Capital + Dividend = Opening capital +Common stock issued +net income

=34000+1600 =13000+41100+ net income or loss

Net loss=$ 18500

Expanded accounting Equation for a corporation is :

Assets = Liabilities + Paid-in Capital + Revenues – Expenses – Dividends – Treasury Stock

4 0

3 years ago

Economists normally assume that the goal of a firm is to

Elina [12.6K]

Answer:

Profit Maximisation

Explanation:

Profit is the difference between total revenue (receipts) from sale & total cost (expenditure) on production.

Total Revenue = Price x Quantity ; Total Cost = Average Cost x Quantity

Economists study all the producer behaviour, based on assumption that : Goal of firm is Profit Maximisation.

Maximising Profit implies maximising the difference between Total Revenue & Total Cost [ TR - TC] . This further leads to producer equilibrium rule of Marginal Revenue = Marginal Cost [MR = MC] ; i.e additional revenue per unit sold equals additional cost per unit production.

6 0

2 years ago

A company records an adjusting journal entry to record $10,000 depreciation expense. Which of the following describes the entry?

Pavlova-9 [17]

Answer:

(B) Debit Depreciation expense and Credit Property Plant and Equipment

Explanation:

the depreciation is the accrued expense recognize for the effect on time on the firm's assets. There is no cash involve in a depreciation It is an accounting expense. So A and C cannot be coorect.

As the depreciation is an expense, it will be debited. not credited. so D is incorect as well.

The net income is a figure which resumes the expenses and revenues of the company. It is not an account thus, it can't be debited or credited. Making E incorrect as well.

8 0

2 years ago

Laura understands the reasons her boss assigned other team members to the better projects but thinks the way he told her about i

ratelena [41]

Answer: interactional

Organizational justice refers to an employee ’s perceptions of fairness in the place of his work. There are four components of organizational justice: .distributive, informational interactional, and procedural. Of the four, Laura is feeling interactional injustice which based on interpersonal interactions and treatment of his boss towards her team members.

8 0

3 years ago

Cynthia, a copy editor at a leading daily newspaper, wants one month's leave from work. Because of tight deadlines, her supervis

Mashutka [201]

Answer:

valence

Explanation:

Based on the information provided within the question it can be said that this scenario best illustrates the factor of valence. In the context of psychology this term refers to the attractiveness or adverseness of a situation, event or object. Which in this case would be Cynthia's one month leave, which depending on which perspective you take (Cynthia's or her Boss') it may either be viewed as good or bad.

8 0

3 years ago