Social capital can be defined as the integration of the company with people in its internal and external environment. It constitutes the network of relationships of an organization.
Therefore, it is correct to say that a company's social capital is extremely important for business success. It is necessary for managers to cultivate and encourage an organizational culture aimed at creating positive relationships and integration among employees. In addition to building an organizational climate more favorable to well-being and productivity, creating connections between company employees helps to increase motivation, creativity and innovation, which in fact contributes to a company being successful and positioned in the market .
For this, it is necessary for leaders to assume an ethical and respectful posture for their employees, in addition to expressing interest in the personal and professional history of their teammates, kindness and gratitude for the collaboration of employees. These small attitudes of the leader can help the company to invest in social capital and guarantee several essential benefits
Which of the following is the largest source of revenue for local governments A sales taxes
B property taxes
C individual income taxes
D corporate income taxes
The largest source of revenue for local governments is property taxes
Local government revenue comes from property, sales, and other taxes; charges and fees; and transfers from federal and state governments.
However, property taxes account for major chunk of revenue accrued to local governments which are primarily levied on immovable property like land and buildings, as well as on tangible personal property that is movable.
Although, depending on the state or territory, natural resources could also account for a big portion of income for local governments but this is not so as majority of states don't have overabundance of a single resource.
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Property taxes are usually the largest source of revenue for local governments.
Property taxes account for a large portion of revenue, typically 35%. Depending on the state or territory, natrual resources could also account for a big portion of income for local governments.
Lots of states have an overabundance of natrual resources, which is used to their advantage to collect more profit. But the majority of states don't have an overabundance of a single resource, which is why property taxes are usually the largest source of revenue for local governments.
How are closed-end credit and open-end credit similar? (These are two types of consumer credits)
Closed-end credit and open-end credit - Similarity:
A business entity or an individual may take out either the open or closed end credit based on the their debt and repayment need and requirements.
In this, the debt amount must be repaid fully on the specified date. This involves the debt instruments that are acquired for a particular purpose and a set amount of time. (Mortgage lending and car loans)
Open-end credit is basically like a credit card. We will have a certain amount that can be used based on our needs and we have to repay the amount (how much ever that we have used from the specified amount). There is no specified time for repayment. We can keep on using this as long as we make regular payments.
Credit is the borrowed money that helps in purchasing goods and services. These are the two types of credit. The major similarity that both the close and open end credit is the readiness of the required amount.
in which accounting standards did the fasb and vias be jointly proposed new standards designed to improve the comparability of disclosure in financial statements
The International Accounting Standards Board (IASB) and the US Financial Accounting Standards Board (FASB) proposed improved standards for the IFRS regarding the single revenue recognition standard. This way, the standard would be omnipresent across several industries and markets, creating unified and standardized financial reporting.
John was recently hired by Backstreet Books. At the beginning of the first day on the job, his store manager handed him a small booklet consisting of company rules. He was asked to read it and sign and submit the last page, before starting work. Among other things, the rules explicitly discussed reprimands for grievous behavior and dismissal if the firm could prove that the employee was stealing product from the store. This booklet represented the ___________ of the store.
Compliance-based ethics can be defined as a set of rules and conduct for the actions of employees of a particular company to be based on compliance with the laws that regulate business. It is designed to prevent, detect and punish behavior that is not in accordance with a company's pre-established rules.
There are critics who believe that compliance-based ethical codes do not promote individual ethical ability, but rather enforce rules motivated by fear and punishment, as legality and ethics are complementary but not equal.
The product life cycle stage in which there is a rapid sales increase, other firms have begun to market competing products, and lower unit costs and an overall tendency toward increased profit prevail is called_________.
The stage of growth is defined as the period or year during which the product in due course and increasingly acquire or gains the acceptance among the industry, customers and wider general public.
So, the growth stage is that stage where there is rapid increase in sales and other firms started to market the competing the products and also lower the unit costs.
On January 1, 2016, Elite Advertising was contracted to run a marketing campaign for Pharm King's new dieting pills. In addition to getting a base fee of $150,000 for the 3-year campaign, Elite also may get an additional 5% of the base fee as a bonus if a targeted sales level is reached at the end of three years. Elite currently lacks sufficient information to make an estimate of the likelihood of the expected bonus, with the marketing director indicating that "If you forced me to make an estimate, I'd say we have a 50/50 chance. But don't quote me on that - it's really too early to tell." Elite concludes this contract qualifies for revenue recognition over time, and estimates variable consideration using the most likely amount. How much revenue should Elite recognize as of December 31, 2016? A. $50,000B. $51,250C. $52,500D. $57,500
150,000 for a 3 year compaing = 50,000 per year
The contract has just started and the information available doesn't meet the criteria.
We must remember that accounting has a principle of conservatism regarding revenues. Accrue revenue without proper grounds is not correct. We should recognize the 1/3 of the base fee which is earned and matched the accounting cycle.
In an episode of the Glee television series, members of the glee club sold home-baked cupcakes at school to raise money. The students selling their cupcakes to classmates would be an example of
direct channel of distribution
Based on the information provided within the question it can be said that the student selling the cupcakes would be an example of a direct channel of distribution. This term refers to the means by which a company or business gets it's product straight to the consumer with-ought the use of intermediaries. Therefore since the student made the cupcakes and sold them himself he is the direct channel of distribution.
During a company's first year, the asset account, Office Supplies, was debited for $3,900 for the purchases of supplies. At year-end, office supplies on hand were counted and determined to be $1,625. The proper adjusting entry crediting supplies and debiting supplies expense will
The adjusting entry will be shown below:
The adjusting journal which is to be recorded in the following case will be:
Office Supplies expense A/c..............................Dr $2,275
Office Supplies A/c.........................................Cr $2,275
As the amount $3,900 is already debited and at the year end, the remaining amount of office will be posted to the account of the office supplies expense against the office supplies account.
Amount = Debited amount of office supplies - Offices supplies on hand
= $3,900 - $1,625
Wat is an example of the legal/regulatory environment surrounding advertising and promotional activities of businesses?
Answer: Federal Trade Commission (FTC)
The Federal Trade Commission (FTC) is an independent governmental agency that aims to regulate environmental surrounding advertising and promotional activities of businesses. The Fedral Trade Commission (FTC) regular activities include investigating reports of fraud or false advertising from consumers, business, the media, congressional inquiries, or pre-merger notification filings. The FTC may investigate a single company or an entire industry. If an FTC investigation reveals unlawful activities on the part of one or more companies within an industry, they can seek voluntary compliances via consent order, initiate federal litigation, or file an administrative complaint.