A linear production possibilities curve indicates which of the following?

Do you feel that it is ethical and/or appropriate to utilize a "Bottom of the Pyramid" strategy where you make money off the wor

Rudik [331]

Answer:

Explanation:

The Bottom of the Pyramid strategies focuses on improving widespread poverty while providing profits and growth for multinational companies at the same time. With this definition, it is an ethical business model because it the companies are profiting but at the same time those at the bottom of the pyramid are benefiting, usually from having jobs. It would be unethical if these companies were simply taking from the individuals at the bottom of the pyramid.

3 0

3 years ago

16 Type the correct answer in the box. Spell all words correctly. Identify the kind of control decision involved in the given sc

Triss [41]

Answer:

its customer service!

Explanation:

5 0

3 years ago

dentify (by letter) each of the following characteristics as being an advantage, a disadvantage, or not applicable to the corpor

belka [17]

Answer:

1. Separate legal entity ⇒ ADVANTAGE

This is an advantage because it means that the owners are not liable for the actions of the company. If the company goes bankrupt for instance, they will not have to pay for it with their own finances.

2. Taxable entity resulting in additional taxes ⇒ DISADVANTAGE

Anything that results in corporations having to pay more taxes is disadvantageous from their point of view.

3. Continuous life ⇒ ADVANTAGE

This is an advantage because it makes accounting for the company easier as well as giving investors more stability in their planning.

4. Unlimited liability of owners ⇒ NOT APPICABLE.

This is not applicable to Corporate ownership but rather to sole proprietorship.

5. Government regulation ⇒ BOTH ADVANTAGE AND DISADVANTAGE

This can be both an advantage and a disadvantage. On the one hand, it can lead to the industry functioning effectively but on the other hand, it could stifle growth with restrictive policies.

6. Separation of ownership and management ⇒ DISADVANTAGE

This is a disadvantage because it gives rise to the Agency problem where management might try to act in their own best interests instead of that of the owners.

7. Ability to acquire capital ⇒ ADVANTAGE

Corporations are better able to acquire capital which is good because it means that they will be able to invest and embark on more projects.

8. Ease of transfer of ownership ⇒ ADVANTAGE

Owners of corporations especially the public ones, are able to transfer ownership quite easily to others through the sale of shares.

6 0

2 years ago

Bolka Corporation, a merchandising company, reported the following results for October: Sales $ 413,000 Cost of goods sold (all

VMariaS [17]

Answer:

Option (d) is correct.

Explanation:

Given that,

Sales = $ 413,000

Cost of goods sold (all variable) = $ 169,100

Total variable selling expense = $ 20,700

Total fixed selling expense = $ 17,900

Total variable administrative expense = $ 13,100

Total fixed administrative expense = $ 30,400

Gross margin:

= Sales - Cost of goods sold

= $ 413,000 - $ 169,100

= $243,900

8 0

3 years ago

Flay Foods has always used the FIFO inventory costing method for both financial reporting and tax purposes. At the beginning of

murzikaleks [220]

Answer:

Flay Foods

A Change in Accounting Principle, from FIFO to LIFO:

1. Journal entry at the beginning of 2021 to record the change in accounting principle (ignoring income taxes):

Debit Retained Earnings $7 million

Credit Ending Inventory $7 million

To record the change from FIFO to LIFO.

3. Amounts Flay will report for net income in its 2019 to 2021 comparative income statements:

2019 2020 2021

Net Income $78 $80 $76

Less Cost of goods sold understated ($7)

Add Beginning inventory overstated ($7)

Modified Net Income $78 $73 $83

Explanation:

A change in principle (e.g. inventory valuation method) requires the company to retrospectively apply the change to all prior reporting periods, as if the new principle had always been in place, unless it is impractical to do so. Going from the above requirement, the 2018 and 2019 net income needed to be restated as a result of this change in accounting principle. However, this is not practical from the information given.

The valuation of inventory impact on the Cost of goods sold and the profits differently, depending on the inventory method used.

FIFO stands for “First-In, First-Out.” It is a method used for cost flow assumption purposes in the cost of goods sold calculation. The FIFO method assumes that the oldest products in a company's inventory have been sold first.

LIFO stands for "First-In, First-Out." The LIFO method assumes that the newest products in a company's inventory have to be sold first, instead of the oldest. This is not practical in real life. But, the LIFO method has some advantage during inflation, with rising costs.

7 0

3 years ago