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vodomira
3 months ago
11

Rachel initiated the practice of company visits as part of reaching out to her company’s loyal customers . She set up a campaign

that invited people to send in their experiences with her company’s product. Everyone who sent in their experiences would win a chance to visit the company and learn about the processes involved in the making of the product. Which CSR concept has Rachel displayed here?
Rachel has displayed the _____ concept of CSR.
Business
1 answer:
Katen [3.5K]3 months ago
7 0

Response:

Rachel has exhibited a clear understanding of explicit CSR concepts.

Explanation:

The business sector holds responsibilities toward its own operations, investors, and society at large. As a result, each business entity has an obligation to contribute to societal betterment, which is collectively recognized as Corporate Social Responsibility (CSR).

The social duty of a corporation reflects the principles and commitments its leadership undertakes to implement appropriate actions that can enhance and promote societal welfare while protecting business interests.

Recently, the acknowledgment of Corporate Social Responsibility has increased significantly due to the often adverse effects corporate actions can have on society. Therefore, fulfilling this responsibility aims to give back to the community while simultaneously achieving business objectives.

CSR can be categorized into two main concepts: implicit and explicit CSR. Explicit CSR refers to corporate policies and practices that accept accountability for social welfare. These often include voluntary initiatives by businesses to merge social value with business interests and address issues perceived as part of their social duty. An instance of this would be the response of several corporations providing aid to Hurricane Katrina victims in 2005. Conversely, implicit CSR relates to the role corporations play in formal and informal institutional contexts for societal benefit. It typically entails values, standards, and rules that result in compulsory and normative requirements for organizations.

A critical distinction between implicit and explicit CSR lies in the fact that implicit CSR is usually seen as a mandatory and reactive endeavor in response to its surroundings, while explicit CSR is generally recognized as a voluntary and intentional action. In this context, Rachel demonstrated the concept of explicit CSR, as the approach taken was deliberate and aimed at benefiting the community while enhancing the organization’s reputation among its loyal customer base.

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Sapp Trucking's balance sheet shows a total of noncallable $45 million long-term debt with a coupon rate of 7.00% and a yield to
Katen [3525]
The difference in the two WACCs is 1.2%.
4 0
2 months ago
On December 28, 20Y3, Silverman Enterprises sold $18,500 of merchandise to Beasley Co. with terms 2/10, n/30. The cost of the go
marusya05 [3725]

Response:

A.

Dec. 28, 20Y3

Dr Accounts Receivable - Beasley Co. 18,500

Cr Sales Revenue 18,500

Dec. 28, 20Y3

Dr Cost of Goods Sold 11,200

Cr Inventory 11,200

B.

Jan. 3, 20Y4

Dr Sales Returns and Allowances 4,000

Cr Accounts Receivable - Beasley Co. 4,000

Jan. 3, 20Y4

Dr Inventory 2,350

Cr Cost of Goods Sold 2,350

C. Jan. 7, 20Y4

Dr Cash 14,210

Dr Sales Discount 290

Cr Accounts Receivable - Beasley Co. 14,500

Explanation:

A. Recording the entry for the sale on December 28, 20Y3, using a perpetual inventory system’s net method.

Dec. 28, 20Y3

Dr Accounts Receivable - Beasley Co. 18,500

Cr Sales Revenue 18,500

Dec. 28, 20Y3

Dr Cost of Goods Sold 11,200

Cr Inventory 11,200

B. Journals to record the returns of merchandise

Jan. 3, 20Y4

Dr Sales Returns and Allowances 4,000

Cr Accounts Receivable - Beasley Co. 4,000

Jan. 3, 20Y4

Dr Inventory 2,350

Cr Cost of Goods Sold 2,350

C. Journal entry to document the receipt of amount owed

Jan. 7, 20Y4

Dr Cash 14,210

[(18,500-4,000)-(18,500-4,000)*2% ]

Dr Sales Discount 290

[(18,500-4,000)*2% ]

Cr Accounts Receivable - Beasley Co. 14,500

(18,500-4,000)

8 0
3 months ago
Midwest Corporation has provided the following data concerning manufacturing overhead for 2020: Estimated manufacturing overhead
marusya05 [3725]

Answer:

$18,000

Explanation:

The manufacturing overhead calculation is detailed below:

First, we need to find the overhead rate, which is calculated as follows:

= $30,000 ÷ 2,000

= $15

Now, the amount of manufacturing overhead applied to Job A-101 is calculated by:

= $1,200 × $15

= $18,000

Thus, the applied manufacturing overhead totals $18,000

5 0
3 months ago
Crockin Corporation is considering a machine that will save $9,000 a year in cash operating costs each year for the next six yea
arsen [3447]

Answer:

The rate is 16%.

Explanation:

We need to note that the internal rate of return (IRR) is what makes the net present value (NPV) equal to zero.

In this scenario, we have an annuity of 9,000 for six years.

C \times \frac{1-(1+r)^{-time} }{rate} = PV\\

C 9,000.00

time 6.00

rate IRR

9000 \times \frac{1-(1+IRR)^{-6} }{tir} = PV\\

Where the present value is equal to the investment:

9000 \times \frac{1-(1+IRR)^{-6} }{tir} = 33,165\\

We can refer to the annuity factor table to find the closest value.

33165 / 9000 = 3.685

By looking up values for n = 6, we find the nearest match.

Then we can perform trial and error until we identify the correct one.

In this case, the IRR can be estimated just by consulting the table.

For n = 9 and a 16% rate, the factor is 3.685.

This figure corresponds to our annuity factor, hence it indicates the rate.

5 0
3 months ago
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