Answer:
(a) Stakeholder approach
Explanation:
A stakeholder approach is the practice that managers formulate and implement processes that satisfy stakeholders' needs to ensure long-term success. According to the degree of participation of the different groups, the company can take advantage of market imperfections to create valuable opportunities.
Answer: $207.45
Explanation:
The latest date that Josephine should have filed her taxes by was April 15th 2019.
She instead waited till December 12, 2019.
9 partial and full months have passed since that time so her penalty will be for 9 months.
Penalty is 5% of the balance due:
= 461 * 5% * 9
= $207.45
Answer:
A. $22,000 decrease
Explanation:
The reason behind Granfield Company interested in predicting the increase or decrease in net income when they purchase new machinery by selling an old one is because you have the Cash coming through so that they don't run out of money. As per Generally Accepted Accounting Principles (GAAP) the other name of Profits is Net Income. The company may not have Cash in the bank but their Net Income may be in millions. So, when Companies like Granfield when usually invests are usually concerned about their investments that weather they will be profitable or not. In this instance of Granfield Company, they predict that by acquiring the new machinery they will save on manufacturing overhead by $19,000 over 4 years which accumulates to $76,000.
Annual Savings = $19,000 x 4 = $76,000
We are told to ignore the time value of money here so if the proceeds from previous machinery are $22,000, then add the proceeds from machinery and annual savings and we get a total of $98,000
Annual Savings $76,000
Add: Proceeds from Sale of Machine $22,000
Total Savings $98,000
To find the increase or decrease in net income or the effect of purchase of new machinery and disposal of old machinery on net income can be calculated as follows;
Total Savings $98,000
Less: Purchase of New Machinery $120,000
Decrease in Net Income $22,000
Hence the Net Income will decrease by $22,000 which means there will be a decrease in retained earnings and stockholders' equity.
Option A is the Correct answer.
Answer:
Explanation:
CHECK THE ATTACHMENT FOR DETAIL EXPLANATION.
Answer:
The answers are as follows:
A. Output should be Increased
B. Output should be Decreased
C. Output should be kept the same
D. Output should be Decreased
Explanation:
For A.
When the maximum willingness to pay exceeds minimum acceptable price, the Output should be increased because customers are willing to pay more for the product, therefore more revenue will be accrued, and this will lead to more profit.
For B.
When mc > mb, that is, when marginal cost is greater than marginal benefits, output should be decreased. This is because profit is maximized when Marginal costs equal Marginal benefits, therefore when Marginal costs exceed Marginal Benefits, a loss is incurred and output should be decreased.
For C.
When total surplus is at a maximum, output should be kept the same, this is because adding extra outputs at this maximum stage will lead to diminishing returns on capital.
For D.
When the current quantity produced exceeds the market equilibrium quantity, output should be reduced in order to avoid flooding the market with excess products which will then lead to a decrease in price.
