BUGEN 5930 Business, Society and the Planet
Assessment Task 1 - Reflective Journal - Sustainable Business 2023
1. Assessment Details
Over the first three weeks of this course, students are required to consider the sustainability-related
issues and themes explored in the course and REFLECT on how these issues intersect with the world
of business. These reflections are to be presented in a reflective journal, NOT a research assignment
or description or summary of these themes.
These themes (including issues, challenges, concepts and approaches) MUST be discussed in terms
of their relevance and/or implications for business and MUST be drawn from those raised in class
presentations, discussions and activities, resources provided on the course Moodle page and/or
prescribed readings. You need to make CLEAR CONNECTIONS between the course concepts and
your reflections.
In this assessment task, students are required to demonstrate not only their understandings of the
themes but also their consideration of the implications for the business sector and/or the student's
current/future role in business. Students should provide their thoughts, feelings, responses, reactions.
opinions and ideas on the material explored. Critical thinking should be demonstrated in these
reflections.
Answers
Explanation:
Week 1:
This week's class focused on introducing the concept of sustainability and its importance for business. Sustainability refers to meeting the needs of the present generation without compromising the ability of future generations to meet their own needs. We discussed the three pillars of sustainability - economic, social, and environmental - and how they are interlinked.
The idea of sustainability resonates with me as I believe that we need to take a more long-term approach to our actions and decisions, considering the impact they have on the planet and society. As a future business professional, I understand that sustainability is not just a moral obligation but also a business imperative. Consumers are increasingly demanding sustainable products and services, and businesses that fail to meet these expectations will be left behind.
I was particularly interested in the concept of the circular economy, which was discussed in class. The circular economy aims to minimize waste and maximize the use of resources by designing products that can be reused, repaired, or recycled. I believe that this is a promising approach to address the environmental challenges we are facing, and it presents opportunities for businesses to innovate and create value.
Week 2:
In week 2, we delved deeper into the social and environmental pillars of sustainability. We explored the concept of corporate social responsibility (CSR) and its different dimensions, such as philanthropy, ethical behavior, and sustainability practices. We also discussed the challenges and opportunities that arise when businesses try to address social and environmental issues.
One of the key takeaways for me was the importance of stakeholder engagement in CSR. Businesses cannot address social and environmental issues alone; they need to involve and collaborate with stakeholders, including customers, employees, suppliers, communities, and NGOs. I believe that this requires a shift in mindset from the traditional profit-driven approach to a more stakeholder-centric approach.
We also talked about the concept of the tragedy of the commons, which refers to the depletion of shared resources due to the self-interest of individuals or groups. This concept resonated with me as I believe that it highlights the importance of collective action and cooperation in addressing sustainability challenges.
Week 3:
This week's class focused on the environmental pillar of sustainability, specifically climate change and its implications for business. We explored the causes and consequences of climate change, as well as the different responses and strategies that businesses can adopt to mitigate and adapt to its effects.
I was struck by the scale and urgency of the climate change challenge, and the need for businesses to take bold and transformative actions. It is not enough for businesses to simply reduce their emissions; they need to transition to a low-carbon economy and embrace new business models and technologies.
We also discussed the concept of carbon pricing, which involves putting a price on carbon emissions to incentivize businesses to reduce their emissions. I believe that this is an effective approach to address climate change, but it also presents challenges for businesses, especially those in carbon-intensive industries.
Overall, this reflective journal has allowed me to deepen my understanding of sustainability and its relevance for business. I have learned that sustainability is not just an ethical issue but also a strategic issue, and that businesses that fail to integrate sustainability into their operations and strategies will face significant risks and missed opportunities. As a future business professional, I am committed to driving sustainable practices and contributing to a more sustainable future.
Related Questions
A seller at a farmer's market wants $10 for a bag of 10 apples. You think his price is too high, so you counter with an offer of $6 for the bag. The seller then offers you a much smaller bag of five apples for $6. You bargain again, and the seller lets you buy the 10 apples for $8. This scenario is an example of:
Answers
The question is incomplete:
A seller at a farmer's market wants $10 for a bag of 10 apples. You think his price is too high, so you counter with an offer of $6 for the bag. The seller then offers you a much smaller bag of five apples for $6. You bargain again, and the seller lets you buy the 10 apples for $8. This scenario is an example of:
-A centrally planned market
-A shortage
-A market in action
-A perfect competition
Answer:
-A market in action
Explanation:
-A centrally planned market is a market in which the price and the resources are determined by the government.
-A shortage is when the demand of a product is greater than the supply and there are not sufficient products available.
-A market in action is when in a free market the prices change freely when there are changes in the supply and the demand.
-A perfect competition is a market in which the are a lot of buyers and sellers, the price is determined by supply and demand and there is no government intervention.
According to this, the answer is that this scenario is an example of market in action because it shows a market in which the price changes with the changes in the buyer and the seller.
The other options are not right because in the example there is no government intervention, there is a sufficient amount of apples and there is not a large amount of buyers and sellers and the price is not determine by the forces of supply and demand.
Remedies available to a trademark owner whose trademark has been infringed by counterfeit goods include all of the
following except__.
O lost profits
O treble damages
O an Injunction
O no damages, If the act was unintentional
Answers
OPTION D) NO DAMAGES, IF THE ACT WAS UNINTENTIONAL.
Explanation:
HOPE IT HELP....❤❤Answer:no damages, If the act was unintentional
Explanation:
use a well labelled group to explain why the introduction of maximum prices in the petrol industry will not be an ideal decision for the country's economy??
Answers
Implementing maximum prices in the petrol industry may not be an ideal decision for the country's economy.
Consumer Group:
Implementing maximum prices may initially benefit consumers as it could lead to lower fuel costs. However, it can have negative consequences in the long run. With lower prices, there may be increased demand for petrol, leading to shortages and long queues at gas stations. Additionally, if prices are kept artificially low, it can discourage investment in the industry, hampering exploration, production, and infrastructure development. This could result in limited supply and dependence on imports, potentially leading to fuel shortages and price fluctuations.Business Group:
For businesses in the petrol industry, maximum prices can restrict their ability to cover costs and maintain profitability. Fuel companies have various expenses such as exploration, refining, distribution, and employee wages. If prices are capped, it can lead to reduced profit margins, making it challenging for companies to invest in new technologies, research, and development, which are crucial for improving fuel efficiency and reducing environmental impacts.Government Group:
From a government perspective, implementing maximum prices can have adverse effects on tax revenues. Taxes on fuel sales contribute significantly to government revenue. If prices are capped, tax income will decrease, impacting the government's ability to fund public services and infrastructure projects. It can also limit the government's ability to incentivize renewable energy sources and reduce environmental pollution.Considering these factors, the introduction of maximum prices in the petrol industry may have unintended consequences such as supply shortages, reduced investment, profitability challenges for businesses, and decreased tax revenue for the government. It is crucial to strike a balance between consumer affordability, industry sustainability, and government revenue to ensure a stable and efficient petrol market.
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Which of these best describes income tax?
regressive tax
indirect tax
direct tax
proportional tax
Answers
The income tax is a tribute or is a direct tax to the authorities that taxes the utility or income obtained by the taxpayers.
What is income tax?It is a direct tax charge that is applied to the income, profit or benefit obtained by individuals, companies and undivided successions, in a fiscal period.
It is a direct tax because it is a direct or immediate manifestation of economic capacity, which varies according to one citizen or another, that is, according to the income obtained by each individual in a given year.
Therefore, we can conclude that the income tax is a tribute or is a direct tax to the authorities that taxes the utility or income obtained by the taxpayers.
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Indirect tax best describes income tax. The word "income tax" refers to a category of tax that governments levy on income generated by enterprises and people under their authority. Thus, option B is correct.
What is income tax?Taxpayers are required by law to file an income tax return each year in order to establish their tax liabilities. Governments receive funding from income taxes. They are used to pay for debts owed to the government, fund public services, and supply residents with goods.
Many states and local governments impose income taxes in addition to the federal government. Some investments, such as bonds issued by housing authorities, are exempt from income taxes. A sort of tax that governments levy on the income produced by people and enterprises under their control is called income tax. Government duties, public services, and citizen goods are all paid for through income tax revenue.
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Controlling is the process of assuring actual activities conform to planned activities. With an example, discuss five (5) importance of controlling.
Answers
Answer:
Controlling is the process of assuring actual activities conform to planned activities with five examples are discussed below in details.
Explanation:
Planning and controlling are intimately associated. Controlling is further pervasive than planning. Controlling benefits managers observe the effectiveness of their planning, formation, and managing activities. It not only assists in maintaining a record on the development of activities but also guarantees that activities adhere to the measures set in approach so that organizational aims are achieved.
What are the portfolio weights for a portfolio that has 134 shares of Stock A that sell for $44 per share and 114 shares of Stock B that sell for $34 per share? (Do not round intermediate calculations and round your answers to 4 decimal places, e.g., .1616.)
Answers
Answer:portfolio weights -A=0.6034; B=0.3966
Explanation:
Total value of stock A = no. of shares * market value per share
= 134 x $44= $5,896
Total value of stock B = 114 x $34 = $3,876
Weight of stock A = Total value of stock A / ( Total value of stock A+Total M value of stock B)
= 5,896/ (5896+3,876 )
= 5,896/9,772
= 0.6034
Weight of stock B =Total value of stock B / ( Total value of stock A+Total value of stock B) OR 1 - Weight of stock A
=3,876 / (5896+3,876 )
=3,876 //9,772
= 0.3966
OR 1-0.6034 =0.3966
in a market characterized by monopolistic competition, firms often use non-price competition to increase sales. which of the following is not a form of non-price competition?
Answers
in a market characterized by monopolistic competition discounts is not a form of non-price competition.
Monopolistic competition, a type of imperfect competition, sets several producers against one another while still delivering goods that can be differentiated from one another (for instance, by branding or quality) and are therefore not exact substitutes. In monopolistic competition, a company disregards how the prices established by its rivals would effect its own prices and accepts the prices set by those rivals as given. If this happens in the face of a forceful government, monopolistic competition will transform into a government-granted monopoly. The company maintains more capacity in contrast to the ideal competition. Monopolistic competition models are commonly used in industry models. Some examples of industries with market structures that resemble the monopolistic rivalry from textbooks are restaurants, cereals, clothing, shoes, and service sectors in large cities.
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Complete question is here:
in a market characterized by monopolistic competition, firms often use non-price competition to increase sales. which of the following is not a form of non-price competition?
A)perfect competition
B) oligopoly
C) Discounts
D)is unique
Cash Received from Customers—Direct Method
Sales reported on the income statement were $225,000. The accounts receivable balance decreased $14,300 over the year.
Determine the amount of cash received from customers.
Answers
Based on the sales figure and the change in the accounts receivable balance, the amount of cash received from customers was $14,300.
What was the amount of cash received?The accounts receivable balance refers to the amount that customers owe to the company.
This means that if the accounts receivable balance decreases by the certain amount, it would be because that amount was paid by the customers who owe the business.
The cash paid is therefore the amount of $14,300 which the balance reduced by.
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With regard to participative (or democratic) leadership, identify & describe a work situation in which this management style may not be the most effective alternative for success.
Answers
Whenever a situation that need a quick decision making such as one made by a situational leader, this is an example of the aspect of participative /democratic leadership that may not be the most effective alternative for success.
What is a democratic leadership?In an organization, the Democratic leadership style is the type of leadership that redistributes power and authority between managers and their employees to promote employee involvement in organizational decision-making processes.
Most time, this democratic leadership style in an organization involves the redistribution of power and authority between employees and managers to provide employee involvement in decision making.
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What influences the behavior of employees and gives confidence to the strategic teams that make things happen?
Answers
A correct reward system, as well as a fair affirm attitude, are the main factors that drive employees proactively.
Thus, the fact that employers generate fair, equitable and stimulating reward systems gives their employees a real incentive to achieve the best possible result in their daily work.
On the other hand, it is also necessary for employers to generate systems not of punishment but of conduct and responsibilities that allow them to channel the work of their employees so that they tend to better perform their tasks.
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March 1 Paid monthly rent of $890. 3 Performed services for $100 on account. 5 Performed services for cash of $55. 8 Purchased equipment for $445. The company paid cash of $60 and the balance was on account. 12 Received cash from customers billed on March 3. 14 Paid wages to employees of $390. 22 Paid utilities of $54. 24 Borrowed $1,110 from Grafton State Bank by signing a note. 27 Paid $160 to repair service for plumbing repairs. 28 Paid balance amount owed from equipment purchase on March 8. 30 Paid $1,330 for six months of insurance. Journalize the transactions.
Answers
Answer:
Journal Entries
Date Account titles & explanations Debit Credit
Mar-01 Rent expense 890
To cash 890
Mar-03 Account receivable 100
To service revenue 100
Mar-05 Cash 55
Service revenue 55
Mar-08 Equipment 455
Cash 60
accounts payable 395
Mar-12 Cash 100
To account receivable 100
Mar-14 Wage expense 390
To cash 390
Mar-22 Utility expense 54
To cash 54
Mar-24 Cash 1,110
To notes payable 1,110
Mar-27 Repair & maintenance 160
To cash 160
Mar-28 Accounts payable 395
To cash 395
Mar-30 Prepaid Insurance 1,330
To cash 1,330
Explanation:
During the summer between his junior and senior years, James Cook needed to earn sufficient money for the coming academic year. Unable to obtain a job with a reasonable salary, he decided to try the lawn care business for three months. After a survey of the market potential, James bought a used pickup truck on June 1 for $1,410. On each door he painted "James Cook Lawn Service, Phone 471-4487." He also spent $650 for mowers, trimmers, and tools. To acquire these items, he borrowed $2,700 cash by signing a note payable promising to pay the $2,700 plus interest of $85 at the end of the three months (ending August 31).
By the end of the summer, James had done a lot of work and his bank account looked good. This prompted him to wonder how much profit the business had earned.
A review of the check stubs showed the following: Bank deposits of collections from customers totaled $12,800. The following checks had been written: gas, oil, and lubrication, $970; pickup repairs, $310; mower repair, $300; miscellaneous supplies used, $190; helpers, $5,200; payroll taxes, $210; payment for assistance in preparing payroll tax forms, $40; insurance, $165; telephone, $300; and $2,785 to pay off the note including interest (on August 31). A notebook kept in the pickup, plus some unpaid bills, reflected that customers still owed him $850 for lawn services rendered and that he owed $190 for gas and oil (credit card charges). He estimated that the cost for use of the truck and the other equipment (called depreciation ) for three months amounted to $760.
Required:
1. Prepare a quarterly income statement for James Cook Lawn Service for the months June, July, and August. Assume that the company will not be subject to income tax.
Answers
The income statement for James Cook Lawn Service shows a balance of $5,120.
The quarterly income statement for James Cook Lawn Service for the months of June, July, and August would look as follows:
Income Statement (Quarterly)
For the Months Ended August 31
Revenues:
Collections from customers $12,800
Accounts receivable $850
Total Revenues $13,650
Expenses:
Gas, oil, and lubrication $970
Pickup repairs are $310
Mower repair $300
Miscellaneous supplies used $190
Helpers $5,200
Payroll taxes $210
Payment for assistance $40
Insurance $165
Telephone $300
Depreciation $760
Interest expense of $85
=$970 + $310 + $300 + $190 + $5,200 + $210 + $40 + $165 + $300 + $760 + $85 = $8,530
Total Expenses $8,530
Net Income = Revenues - Expenses
Net Income $5,120
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Reverse logistics is required because?
Answers
Rodney (a fictional person) was self-employed, running a successful business, seemingly healthy, and never thought he would have financial problems. Being self-employed, he lacked health insurance. One day on the job, Rodney suffered a heart attack and was hospitalized for a week. As a result, he owed more than $100,000 in hospital and medical bills to the hospital. After the heart attack, Rodney could not work in his physically demanding line of work, and his business suffered dramatically. The bills and mortgage payments kept piling up, and Rodney was sinking fast. On top of the medical bills and mortgage, he owed thousands of dollars to multiple companies and creditors. Rodney considered selling his house to get out of the financial crisis he was in, but the value of the house had dropped significantly. After much consideration, Rodney decided to file, bankruptcy. In the end, he decided he would rather have a bankruptcy on his record instead of dealing with a mountain of debt.
1. Bankruptcy, ___________occurs when a debtor turns over all assets to a trustee, an individual who takes over administration of the debtor's estate.
a. An order of relief
b. An automatic stay
c. Relief
d. Liquidation
e. Bankruptcy
2. Who is defined as a debtor for liquidation purposes? Can Rodney file for bankruptcy?
a. Banks; Rodney cannot file.
b. Individuals; Rodney can file.
c. Health Maintenance Organizations; Rodney cannot file.
d. Partnerships: Rodney cannot file
e. Corporations; Rodney cannot file
3. Suppose that Rodney did not intend to file for voluntary liquidation. Could he be forced into bankruptcy?
a. No, he must file the bankruptcy himself.
b. Yes, because he has more than 12 creditors.
c. Yes, because he has a single creditor with a claim of more than $12,300 in debt.
d. No, because people who are self-employed cannot be forced into filing.
4. Rodney has a lot of creditors that are trying to sue him for the debt he owes. One benefit of filing is that once a petition is filed, the code provides for a(n) _______________for almost all creditor litigation against the debtor.
a. Liquidation
b. Order of relief
c. Creditor’s meeting
d. Preferential payment
e. Automatic stay
5. If the filing of Rodney's voluntary petition is proper, the petition automatically becomes a(n):_____.
a. Fraudulent transfer
b. Creditor’s meeting
c. Preferential payment
d. Discharged debt
e. Order of relief.
6. Suppose Rodney fails to show up at his creditors' meeting with his creditors because he is scared to meet with the hospital representatives. What is a possible consequence of his failure to show?
a. His creditors will be allowed to sue him for failure to show.
b. The court may refuse to grant the bankruptcy
c. Rodney will be charged with a criminal offense.
d. There is no penalty for missing a creditor’s meeting.
e. His appointed trustee will be penalized, but Rodney will not.
Answers
Answer:
1. Bankruptcy, ___________occurs when a debtor turns over all assets to a trustee, an individual who takes over administration of the debtor's estate.
b. An automatic stay
2. The person defined as a debtor for liquidation purposes is
b. Individuals; Rodney can file.
3. If Rodney did not intend to file for voluntary liquidation, he could not be forced into bankruptcy. a. No, he must file the bankruptcy himself.
4. One benefit of filing is that once a petition is filed, the code provides for a(n) _______________for almost all creditor litigation against the debtor.
e. Automatic stay
5. If the filing of Rodney's voluntary petition is proper, the petition automatically becomes a(n):_____.
e. Order of relief.
6. A possible consequence of Rodney's failure to show up at a creditors meeting is:
b. The court may refuse to grant the bankruptcy
Explanation:
In bankruptcy practices, an order for relief invokes the automatic stay. It is a block on Rodney's debts which brings down the iron curtain, thus, separating Rodney's pre-bankruptcy from his post-bankruptcy. It automatically creates a bankruptcy estate, which prohibits all unauthorized transfers of the Rodney's property.
Derick works as a customer service representative in a car showroom. He needs to interact with several customers every day. In which situation would Derick deliver the most effective customer service?
Answers
Answer: c) while handling a complaint that a customer is furious about
Explanation:
Answer:
while handling a complaint that a customer is furious about
Explanation: I took the test
The statement of cash flows cannot help address questions such as: Select one: a. How is the increase in investments financed? b. What is the source of cash for new plant assets? c. How much cash is generated from or used in operations? d. How much of the company's revenues have been retained as profit? e. Why is cash flow from operations different from income?
Answers
Answer: d. How much of the company's revenues have been retained as profit?
Explanation:
The cash flow statement is chiefly concerned with how much actual cash the company has received vs how much that it has spent and it finds this out placing cash transactions under three sections being the Operating, Investing and Financing activities.
The cashflow statement cannot help answer questions such as how much of revenue will be retained as profit because the profit sometimes is not all cash. The statement that will tell how much is retained as profit will be the Income Statement.
The ending balance of Retained Earnings can best be described as:
Answers
Answer:
The amount of net income over the life of the company not paid to owners in the form of dividends.
Explanation:
Other things being equal, the effect of a decrease in the price of Coca-Cola would cause which of the following?
a. A leftward shift in the demand curve for Coca-Cola. b. An upward movement along the demand curve for Coca-Cola.
c. A rightward shift in the demand curve for Coca-Cola. d. A downward movement along the demand curve for Coca-Cola.
Answers
Option d. A downward movement along the demand curve for Coca-Cola. So option d is the correct option.
Why is there a downward slope in the demand curve?Because people buy more of an item at a lower price, the demand curve slopes downward. The demand curve therefore slopes downward as a result of the inverse relationship between price and quantity desired.
Why does a demand curve make sense?The link between a product's price and its quantity required is graphically represented by the term "demand curve" in economics. Price and quantity demanded are depicted on the graph's vertical and horizontal axes, respectively.
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Please describe your specific area of academic interest, and explain what motivated you to choose this area
Answers
The area of academic interest is in nursing. The motivation has been given below.
What motivated me to be interested in Nursing?Nursing is a field of study that focuses on the care and treatment of individuals, families, and communities with the goal of promoting health, preventing illness, and managing the care of individuals with chronic conditions.
Individuals who choose to study nursing are motivated by a desire to make a positive impact on the lives of others. Nursing requires a strong commitment to compassion, empathy, and the desire to help others. It is a field that requires critical thinking, strong problem-solving skills, and a passion for continuous learning.
In addition, the demand for qualified nurses continues to grow, making it a field with a high level of job security and opportunities for advancement. Nursing is a challenging, yet rewarding field that provides individuals with the opportunity to make a difference in the lives of others every day.
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The most accurate and encompassing description of globalization is expressed as "the expanding cultural, political, and economic connections between people _____________."
Select the correct answer below:
on the internet
around the country
around the world
with different economic incentives
Answers
Suppose you took out a 15-year mortgage for $140,000, at an annual rate of 5%. After 5 years, the 15-year mortgage rate dropped to 2%, and you decided to refinance at this low interest rate. (a) how much remains to be refinanced on the second mortgage? (b) how much will your monthly payment be? (c) how much do you save (gain) by refinancing? (write the answer up to 2 decimal places .)
Answers
Answer:
a) $112,000
b) $541.67
c) $2,945.00
If your co-worker sends you $30 each week via Cash App for lunch and you transfer it to your bank account instantly (1.5% fee), how much are you being charged in fees for the year?
Answers
Answer:
$23.4
Explanation:
Each week, the co-worker sends $30, the feed for transfers is 1.5%. The charges per week are
=1.5 % of $30
=1.5% x $30
=0.015 x $30
=$0.45
One year has 52 week, The charge per year will be
=$0.45 x 52
=$23.4
help ASAP help ASAP help ASAP
Answers
Answer:marketing
Explanation:this is because restaurants spend millions of dollars on billboards and commercials
It could be any of them. If its a buffet probably food. But if its a sit-in order restaurant its probably marketing costs (ads) or labor.
10. What happens during a bank run?
The price of gold suddenly increases, which devalues bank deposits.
States charter more banks than needed.
The government orders a bank to close.
Customers attempt to withdraw more money than the bank has on hand.
Answers
The thing which happens during a bank run is:
Customers attempt to withdraw more money than the bank has on hand.What is a Bank Run?This refers to the mass withdrawal of funds by a large number of customers where the banks are unable to pay everyone because they do not have the capacity to make such large withdrawals.
With this in mind, we can see that during a bank run, the main thing which pushes people is the fear of insolvency so that they would not lose their money.
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Will give brainliest Please help me and write an outline for my alternate answer at the end of this assignment ( btw a shul is a synagogue)
Answers
Explanation:
Sorry about this but problem are not very clear
what is The principle that describes how a change in a property affects the overall property value?
Answers
The principle that describes how a change in a property affects the overall property value is know as principle of contribution.
Write a short note on principle of contribution.This is what some of texts could refer to as the marginal contribution principle. The value of an improvement is determined by what it adds (or contributes) to the market value of the total property, not by how much it cost to install the improvement, according to the concept of contribution. When considering whether to make improvements to ones already made, this is a crucial consideration.
The common misconception among real estate buyers is that if they spend money making improvements to their home, the market worth of the home will increase by the amount of the improvement. For instance, a lot of people have remodeled their homes or added swimming pools because they think that these additions will greatly increase the market value of their homes. This isn't always the situation.
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How is productivity different in a goods-producing occupation and in a service-
providing occupation?
Answers
Answer:
Productivity for goods-producing tend to have a more simple variables for measurement. This might not be the case for service-providing occupations.
For goods producing occupation, productivity usually measured by two standards alone: The numbers of goods produced and the numbers of defect. A company will be considered to have good productivity if it has High number goods produced and the low defects.
For service-providing occupation, this measurement can be a bit more complicated.
Services usually depended on the type of costumers. A service that considered as 'satisfactory' by one costumers will not necessarily perceive the same way by the other customers. (For example, let's say that you work work as a barber and give 1 same hair style to two different customers. One customers might completely love your work while the other might completely hate it. Even if you're producing one same hair style )
This make measuring productivity for service industries become harder compared to manufacturing industry.
All of the following are examples of primary market research EXCEPT
Direct mail surveys
Fee product samples
Focus groups
Promotional email campaigns
Answers
Answer:
Fee product samples
Explanation:
makes pay
On January 2, 20Y4, Whitworth Company acquired 40% of the
outstanding stock of Aloof Company for $340,000. For the year
ended December 31, 2024, Aloof Company earned income of
$180,000 and paid dividends of $10,000. On January 31 2045,
Whitworth Company sold all of its investment in Aloof Company
stock for $405,000.
Answers
Answer:
Journal entries needed for:
a. Purchase of stock
b. Share of Aloof income
c. Dividend
d. Sale of Aloof company stock
a. Purchase of stock
Date Account Title Debit Credit
Jan 2, 20Y4 Investment in Aloof company $340,000
stock
Cash $340,000
b. Share of Aloof income
Date Account Title Debit Credit
Dec 31, 2024 Investment in Aloof company $72,000
stock
Income of Aloof Company $72,000
Working:
= 40% * 180,000 income
= $72,000
c. Dividend
Date Account Title Debit Credit
Dec 31, 2024 Cash $4,000
Investment in Aloof company $4,000
stock
Working:
= 40% * 10,000 dividend
= $4,000
d. Sale of stock
Date Account Title Debit Credit
Dec 31, 2024 Cash $405,000
Loss on sales of Aloof $3,000
company stock
Investment in Aloof company $408,000
stock
Working:
Value of stock = Purchase price + share of Aloof income - Share of dividend
= 340,000 + 72,000 - 4,000
= $408,000
Sal is 35 years old, an employee of a private firm, and is planning to retire at age 65. He is investing in a traditional IRA instead of a Roth IRA because he expects his marginal tax rate to be lower during retirement than it is now. Is this a productive choice for Sal? Why or why not?
Answers
Answer:
Explanation:
the choice between a traditional IRA and a Roth IRA depends on an individual's expectations about their future tax bracket. A traditional IRA may be a good choice for someone who expects to be in a lower tax bracket during retirement, as contributions are tax-deductible and the investment earnings grow tax-free until they are withdrawn in retirement. On the other hand, a Roth IRA may be a better choice for someone who expects to be in a higher tax bracket during retirement, as contributions are not tax-deductible, but the investment earnings grow tax-free and qualified withdrawals in retirement are tax-free. It is important for individuals to consider their specific financial situation and consult with a financial planner or tax professional to determine the best choice for their individual circumstances.
It is productive for Sal because It is productive because Sal can claim a tax deduction on the amount he decides to contribute toward the traditional IRA.
What is a tax deduction?Tax deduction refers to claims made to reduce your taxable income, arising from various investments and expenses incurred by a taxpayer. Thus, an income tax deduction reduces your overall tax liability. It is a kind of tax benefit which helps you save tax. However, the amount of tax you can save depends on the type of tax benefit we claim.
Both the terms tax deduction and tax exemption refer to a lowering of taxable income; they are forms of tax relief or tax breaks provided by the government. However, tax exemptions may also include complete relief from taxes, reduced rates and tax on only a portion of income. Tax exemption means we don't have to pay tax for a particular income.
For instance, we may get a tax exemption for donating to charitable institutions and various relief funds.
Learn more about tax, here:
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