CSR
Q: 12. Senen, a factory laborer earns P18,000 per month, and the company pays one month salary as a bon...
A: Work-in-process account: This is the account that involves all those products which are yet not comp...
Q: When two sole proprietors form a partnership, one of them may retain his own set of books as the par...
A: As per the guidelines, only one question is allowed to be solved. Please upload different questions ...
Q: Hendersonville Meats has two divisions. The company's Outlets division sells smoked hams, sausages, ...
A: EVA is economic value added for the business. This is value in excess of value calculated as per wei...
Q: Glacier Mining Co. acquired mineral rights for $118,656,000. The mineral deposit is estimated at 494...
A: Depletion is the non-cash expense which is recorded in the books due to reduction in the value of as...
Q: At Carla Vista Co., events and transactions during 2020 included the following. The tax rate for all...
A: Taxes are the amount of dues or liabilities that is to be paid by individual on account of income ea...
Q: Complete the following balance sheet based on the information provided below: ASSETS Question 2 LIAB...
A: (Asset) Turnover ratio =2.45 Total Assets = 1,35,000 Turnover = Total Assets x (Asset) Turnover Rati...
Q: On March 1, 2021, FLAXSEED Inc. issued at 97, including accrued interest, 2,550 of its 10%, ₱1,000 b...
A: Bonds are a form of loan or debt issued by the company, on which regular interest payments needs to ...
Q: 9/. At the beginning of the current year, the memorandum records of Anne Company’s defined benefit p...
A:
Q: Cone Corporation is in the process of preparing its December 31, 2021, balance sheet. There are some...
A: The answer is Cone corporation Balance sheet ( partial) ...
Q: Oslo Company prepared the following contribution format income statement based on a sales volume of ...
A: The Break-even point is where the total cost of production is equal to Total revenue. It is a point ...
Q: The debits to Work in Process—Roasting Department for Morning Brew Coffee Company for August, togeth...
A: SOLUTION- PRODUCTION COST REPORT IS THE KEY DOCUMENT MANAGEMENT USES TO UNDERSTAND THE ACTIVITIES IN...
Q: Which of the following options would most likely improve the timeliness of your company's financial ...
A: Comment- We’ll answer the first question since the exact one wasn’t specified. Please submit a new q...
Q: You are a general partner (GP) in a VC firm that is a "two and twenty shop". Your VC firm managed to...
A: Carried Interest - It is a share of profits that the partners receive as compensation for contributi...
Q: 13. Senen, a factory laborer earns P18,000 per month, and the company pays one month salary as a bon...
A: 13. The amount charged to the factory overheads account will be the fringe benefits given to the fac...
Q: What were the balances in its share capital and retained earnings accounts at the end of 2016? At th...
A: The statement of changes in shareholder's equity provides the gains and losses that change the share...
Q: S1 If fringe benefit is given to non-rank and file employees, fringe benefit is generall subject to ...
A: Fringe benefits are the additional benefits and compensation, that is being provided to employee by ...
Q: On January 1, 2022, Seismic Slam Company had the following balances in its memorandum records: Fair ...
A: Interest cost = Projected benefit obligation x Discount or settlement rate = 3,400,000 x 8% = 272,00...
Q: Exercise 3-10 Labor Variances Prepare a matrix and calculate the labor variances. Company for the mo...
A: Labor price variance = (Actual rate per hour - Standard rate per hour)*Actual hours worked Labor qua...
Q: The following information is also available: 1. Current assets include cash P3,800, accounts recei...
A: Assets are the resources which can be utilized to generate future value for the company.
Q: 1. You need 2 % meters of ribbon to make a large bowl and 4 m of the ribbon to make small bowl. How ...
A: Raw material means the material purchased and still not enter in to the production lines. Due to o...
Q: QUESTION 27 The following information pertains to Hepburn Company: Month Sales Purchases January Feb...
A: The cash budget is prepared to record cash receipts and payments during the period.
Q: On January 1, 2021, ACORN Company offered a three-year warranty from date of sale on any of its prod...
A: The estimated cost of honoring the warranty should be recognized as warranty expense in the year in ...
Q: At the beginning of the current year, the memorandum records of Anne Company's defined benefit plan ...
A: Interest cost = Beginning Defined benefit obligation x interest cost = P11,000,000 x 10% = 110,000...
Q: PAg-ibig Witholding taxes 10,000 100,000 The employer share of mandatory deductions are as follows: ...
A: Payroll costs are the costs related to the salaries and other benefits costs that are being paid to ...
Q: 2. The Commissioner can impose tax on the digital service providers like Netflix, Spotify and others...
A: Netflix, Spotify, etc. are digital service providers who provide information, data, or any content o...
Q: At September 1, 2020, Hotel Suites Co. reported owner's capital of $124,000. During the month, Hotel...
A: Owner's capital at the end of month = Beginning owner's capital + (Revenues - Expenses) - Drawings
Q: 12. Instructions Use the graduated tax table below if applicable: GRADUATED TAX TABLE UNDER TR...
A: The tax rate for domestic corporation under CREATE law is 25%, if income of the corporation is more ...
Q: The following balances have been excerpted from Tito Piccolo’s statement of financial position: ...
A: Collection from Accounts Receivable = Sales + Beginning Accounts Receivable - ending Accounts Receiv...
Q: The change in year 2 in the net defined benefit liability that arises from the passage of time (inte...
A: Net-defined benefit liability is the post-employment obligation guaranteed at the time of retirement...
Q: Calculate the amount that the entity would recognize in other comprehensive income for the year in a...
A:
Q: 4 You gathered the following information related to Ashley Company’s the defined benefit plan for t...
A: Defined benefit cost for the year means how much amount needs to be expense out for the defined bene...
Q: Omega Company has sales of $336,000 and cost of goods sold of $218,000. The cost of goods sold is a ...
A: Contribution margin is the sales revenue over and above total variable costs. Gross margin in the bu...
Q: Yummy Candy Company offers a coffee mug as a premium for every ten 50-centavo candy bar wrappers pre...
A: Liabilities - It is kind of financial obligation of the company over a particular period of time.
Q: From the below Balance Sheet calculate the following ratios (Amount in Lakhs) LIABILITES Amount ASSE...
A: Networth of the company means actual worth or value of the business which exists as on balance sheet...
Q: THIS IS THE LAST PART OF THE QUESTION- THE IMAGE ARE THE FIRST PART THIS IS THE ENDING* A&R bills a...
A: Hi student Since there are multiple subparts, we will answer only first three subparts.
Q: On January 1, 2021, ACORN Company offered a three-year warranty from date of sale on any of its prod...
A: Warranty expense should be shown on ACORN’s 2021 income statement = 2% of sales
Q: You gathered the following information related to Ashley Company’s the defined benefit plan for the ...
A: Defined benefit cost for the year = (Ending Present value of obligation + Benefits paid - Beginning...
Q: The account balances for Bill Bradley and Associates at December 31, 2020 are shown by the following...
A: Trial balance is a statement which is prepared to check if the debits in the accounts are equal to c...
Q: 7. TSR Ltd. sells bicycles of two varieties- ladies and gents. Details are as follows: Product Type ...
A: Here in this question we are required to calculate break even point and target units that need to sa...
Q: On January 1, 2021, MACADAMIA Company issued 5 year bonds with face value of ₱5,000,000 at 110. The ...
A: Amount received from the bond issuance = (Face value of bonds x issue price/100) - bond issue cost ...
Q: The following information was extracted from the records of Terra Ltd for the year ended 30 June 202...
A: The process of recording business transactions in the books of accounts for the first time is known ...
Q: A Company provided the following information for the current year: Current service cost 500,000 I...
A: PBO is an integral part of Employer management structure and it stands for "Projected Benefit Obliga...
Q: New Corporation amends its pension plan on 1/1/20. The following information is available: 1/1/20 be...
A: Past service cost as a result of this amendment = (Projected benefit obligation after amendment - Pr...
Q: The following accounts and their balances appear in an unadjusted trial balance of CASHEW Company as...
A: The question is based on the concept of Financial Accounting.
Q: On July 1, 2021, HAZELNUT Company acquired machinery worth ₱2,500,000 from PINE NUTS Corporation. Te...
A: The notes payable would be considered as long-term liabilities whereas, accrued interest is consider...
Q: Y received the following items of ncome during the taxable year: If Y is a resident alien, how much ...
A: Where Gross Total Income is calculated by SUMMING UP EARNING RECEIVED AS PER ALL FIVE HEADS OF INCOM...
Q: Match the items
A: Bonds are a form of loan or debt issued by the corporation, on which regular interest payments needs...
Q: The debits to Work in Process—Roasting Department for Morning Brew Coffee Company for August, togeth...
A: Cost per equivalent unit is computed by dividing the cost of units completed by the equivalent units...
Q: PEANUTS Company, a grocery retailer operates a customer loyalty program. It grants program members l...
A: SOLUTION- LOYALTY PROGRAMS ENCOURAGE SHOPPERS TO RETURN TO STORES WHERE THEY FREQUENTLY MAKE PURCHA...
Q: VICO, Inc. is preparing its financial statements for the year ended December 31, 20x9, Accounts paya...
A: Accounts payable is the current liability that an entity has to pay within a period of one year or l...
Section 135 of the India Companies Act of 2013 requires companies with net worth, revenue, or
net profit above certain established thresholds to spend at least 2 percent of their average net
profit of the preceding three years on CSR activities. The act has had a major impact in increasing
spending on CSR activities in India. Four of the country’s top IT service firms—Tata Consultancy
Services Ltd., Wipro Ltd, Infosys Ltd., and Tech Mahindra Ltd.—spent about $96 million on CSR
activities within India during the first year this rule was in effect. That is 4.7 times the amount
they spent on CSR initiatives the previous year, when the rule was not yet in effect. Collectively,
these four firms generate over $35 billion in annual revenue.
The companies’ CSR activities include efforts to eradicate hunger, poverty, and disease; promote
education, gender equality, and women’s empowerment; reduce child mortality; improve
healthcare and sanitation; and provide safe drinking water. Does mandated CSR spending by all
organizations within a particular country or market reduce the benefits an individual organization
can expect to gain from its CSR programs? Do you think the United States should pass a law
similar to Section 135 of the India Companies Act? Why or why not? If so, should the amount
required for CSR spending be higher than two percent of average net profit?
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
- The following quote appeared in an article entitled ‘Business and society in the coming decades’, which was available on the website of McKinsey & Company (accessed in October 2015). “There are compelling reasons companies should seize the initiative to drive social and business benefits. First, in an interconnected world facing unprecedented environmental and social challenges, society will demand it. Increasingly, a basic expectation among customers, governments, and communities will be that the companies they do business with provide a significant net positive return for society at large, not just for investors. This will be part of the implicit contract or license to operate”. Now a) Explain the above statement in the context of corporate social responsibility. b) Further, do you think such a statement would impact the perceived ‘legitimacy’ of companies? Explain.The following quote appeared in an article entitled ‘Business and society in the coming decades’, which was available on the website of McKinsey & Company (accessed in October 2015). “There are compelling reasons companies should seize the initiative to drive social and business benefits. First, in an interconnected world facing unprecedented environmental and social challenges, society will demand it. Increasingly, a basic expectation among customers, governments, and communities will be that the companies they do business with provide a significant net positive return for society at large, not just for investors. This will be part of the implicit contract or license to operate”. Required: a) Explain the above statement in the context of corporate social responsibility.b) Further, do you think such a statement would impact the perceived ‘legitimacy’ of companies? Explain.The following quote appeared in an article entitled ‘Business and society in the coming decades’, which was available on the website of McKinsey & Company (accessed in October 2015).“There are compelling reasons companies should seize the initiative to drive social and business benefits. First, in an interconnected world facing unprecedented environmental and social challenges, society will demand it. Increasingly, a basic expectation among customers, governments, and communities will be that the companies they do business with provide a significant net positive returnfor society at large, not just for investors. This will be part of the implicit contract or license to operate”.Required:a) Explain the above statement in the context of corporate social responsibility.b) Further, do you think such a statement would impact the perceived ‘legitimacy’ of companies? Explain.
- The following quote appeared in an article entitled ‘Business and society in the coming decades’, which was available on the website of McKinsey & Company (accessed in October 2015). “There are compelling reasons companies should seize the initiative to drive social and business benefits. First, in an interconnected world facing unprecedented environmental and social challenges, society will demand it. Increasingly, a basic expectation among customers, governments, and communities will be that the companies they do business with provide a significant net positive return for society at large, not just for investors. This will be part of the implicit contract or license to operate”. Required: a) Explain the above statement in the context of corporate social responsibilityThe following quote appeared in an article entitled ‘Business and society in the coming decades’, which was available on the website of McKinsey & Company (accessed in October 2015).“There are compelling reasons companies should seize the initiative to drive social and business benefits. First, in an interconnected world facing unprecedented environmental and social challenges,society will demand it. Increasingly, a basic expectation among customers, governments, and communities will be that the companies they do business with provide a significant net positive return for society at large, not just for investors. This will be part of the implicit contract or license to operate”.Required:a) Explain the above statement in the context of corporate social responsibility. [Word limit 150-200words] b) Further, do you think such a statement would impact the perceived ‘legitimacy’ of companies?Explain. [Word limit 200 – 250]Durant Limited is a construction company based in Malawi and has presence in almost seven countries in sub-Saharan Africa . Because of the aggressive government construction programs in the region, the company has seen an increase in its orders and has reached a point where a significant amount of finance is needed to source future growth. The board recently decided to list the business on the Johannesburg Stock Exchange and is currently examining the full implications of this decision on its operations. The Board Chairperson has argued that a stock exchange listing may alter the way in which the business views their dividend policy. However, the CEO has insisted that the dividend policy is unimportant as the pattern of dividend has no effect on shareholder wealth. Key data on the dividend policy adopted is as follows: Financial year end Profit after tax (K'000) Ordinary dividends (K'000) Ordinary shares in issue (K'000) 2013 1,140 480 1,500 2012 990 550 2,200 2011 1,232 1,056…
- XYZ Industries Company operates in Oman and supplies its products to the Omani and local market in addition to the Gulf markets.With the beginning of 2020, the Cocod-19 crisis appeared which affected the economies of all countries around the world. The impact of Cocod-19 on the work of companies varies according to the industrial sector in which the company operates.With the beginning of the year 2021, the government began applying value-added tax ( VAT) , which has a direct impact on the prices of goods and services provided in Oman.Based on what you have studied on the topic of risks and returns in the corporate finance course, answer the following questions: 1- What are the most important types of risks that XYZ Industries Company was exposed to in Oman? (Risks are: default, Inflation, Maturity, Liquidity)2- What are the most important measures that can be taken to reduce these risks?3- What is the potential impact of VAT on the company?This case explores Alibaba’s record setting IPO. Alibaba, China’s largest e-commerce company, was founded in 1999 with a $60,000 investment from entrepreneur Jack Ma. The company has since grown to be one of the world’s largest online e-commerce companies with transactions exceeding those of Amazon and eBay combined. In 2013, Alibaba’s leaders decided it was time to take the company public. Alibaba hoped that by going public, it would raise the cash necessary to finance improvements to its infrastructure that would allow the company to continue its rapid growth. Alibaba also felt that an IPO would put it in a better position to implement an acquisition strategy. In addition, an IPO would give employees an option to sell their shares in the company. Following the decision to go public, Alibaba explored where to hold its IPO. Initially, Hong Kong looked to be a strong choice, however it was later rejected when it became clear that local regulations could effectively cause Alibaba to…This case explores Alibaba’s record setting IPO. Alibaba, China’s largest e-commerce company, was founded in 1999 with a $60,000 investment from entrepreneur Jack Ma. The company has since grown to be one of the world’s largest online e-commerce companies with transactions exceeding those of Amazon and eBay combined. In 2013, Alibaba’s leaders decided it was time to take the company public. Alibaba hoped that by going public, it would raise the cash necessary to finance improvements to its infrastructure that would allow the company to continue its rapid growth. Alibaba also felt that an IPO would put it in a better position to implement an acquisition strategy. In addition, an IPO would give employees an option to sell their shares in the company. Following the decision to go public, Alibaba explored where to hold its IPO. Initially, Hong Kong looked to be a strong choice, however it was later rejected when it became clear that local regulations could effectively cause Alibaba to…
- CONVEX Ltd. is a new company that was established on 1st January, 2020 to oversee the production of coronavirus vaccines for Ghana. On 1st July, 2020, CONVEX Ltd. acquired 75% shares in CONCAVE Ltd., a pharmaceutical company, to speed up the vaccine production. As a new graduate from UGBS, CONVEX Ltd. has employed you as their accountant. At a management meeting held, a number of issues were raised about how CONVEX Ltd. should deal with its transactions and investment in CONCAVE Ltd. and the need to conduct financial ratio analysis to determine the profitability and sustainability of CONCAVE Ltd. In a memo to management, provide your views on how the following issues should be addressed. Issue CCONVEX Ltd. is planning to sell 30% of their shares to another company who wants to support local production of the vaccine. How will this transaction affects the preparation of CONVEX Ltd.financial statements for the next accounting period? Issue DAssuming you have done the financial ratio…CONVEX Ltd. is a new company that was established on 1st January, 2020 to oversee the production of coronavirus vaccines for Ghana. On 1st July, 2020, CONVEX Ltd. acquired 75% shares in CONCAVE Ltd., a pharmaceutical company, to speed up the vaccine production. As a new graduate from UGBS, CONVEX Ltd. has employed you as their accountant. At a management meeting held, a number of issues were raised about how CONVEX Ltd. should deal with its transactions and investment in CONCAVE Ltd. and the need to conduct financial ratio analysis to determine the profitability and sustainability of CONCAVE Ltd. In a memo to management, provide your views on how the following issues should be addressed. Issue A At the meeting, executive members could not agree on whether CONVEX Ltd. should prepare and present both separate and consolidated financial statements. Some of the executive members raised issues that CONVEX Ltd. does not need to prepare consolidated financial statements because it is simply…CONVEX Ltd. is a new company that was established on 1st January, 2020 to oversee the production of coronavirus vaccines for Ghana. On 1st July, 2020, CONVEX Ltd. acquired 75% shares in CONCAVE Ltd., a pharmaceutical company, to speed up the vaccine production. As a new graduate from UGBS, CONVEX Ltd. has employed you as their accountant. At a management meeting held, a number of issues were raised about how CONVEX Ltd. should deal with its transactions and investment in CONCAVE Ltd. and the need to conduct financial ratio analysis to determine the profitability and sustainability of CONCAVE Ltd. In a memo to management, provide your views on how the following issues should be addressed. Issue Assuming there is the need for CONVEX Ltd. to prepare consolidated financial statements and CONCAVE Ltd. has presented its separate financial statement to CONVEX Ltd., comment on how the following transactions between CONVEX Ltd. and CONCAVE Ltd. will be accounted for in the consolidated…
