<span>Engaging in CSR benefits the company’s reputation by showing that their goals extend beyond profit to helping others. This positive perception boosts brand value, encouraging customers to pay premium prices for the chocolates, as they feel they’re supporting a worthy cause. Thus, through CSR efforts, the business can both increase sales volume and command higher prices.</span>
Answer:
The total required amount is $7,056.46
Explanation:
Given the following details:
You aim to accumulate enough savings to produce an annual cash flow of $55,000 for 25 years during retirement. How much should you save each year, assuming a return of 7.5 percent on your savings?
Final value = 55,000 * 25 = 1,375,000
Using the formula: FV = {A*[(1+i)^n-1]}/i
A represents the annual contribution.
To isolate A:
A = (FV*i)/{[(1+i)^n]-1}
A = (1,375,000*0.075)/[(1.075^38)-1]= $7,056.46
d. $13.00 Explanation: The contribution margin formula is determined by subtracting variable costs from the selling price. Here, the sales price is $25 per unit while the variable costs consist of: Direct materials: $6.20, Direct labor: $2.80, variable overhead: $1.45, sales commissions: $1.00, and administrative variable expense: $0.55 totaling a variable cost of $12.00 per unit. Thus, $25 selling price per unit minus $12 variable cost per unit equals $13 contribution margin per unit, the amount each unit contributes to cover fixed costs and generate profit during the period.
Answer:
Explanation:
Current liabilities refer to obligations due within one year or less.
The classification is as follows:
a. A note payable for $100,000 due in 2 years. = Not classified as a current liability, as it is due in 2 years and classified as long-term liability.
b. A 10-year mortgage of $300,000 to be paid in ten annual payments of $30,000. = Only the first payment is a current liability; the rest are long-term liabilities.
c. An interest payment of $15,000 on the mortgage. = This is a current liability since it is due within one year.
d. Accounts payable of $60,000. = This is also a current liability because it is due within one year.
Current liabilities are recorded on the liability side of the balance sheet.
