The following facts relate to Blossom Corporation.1. Deferred tax liability, January 1, 2020, $21,000.2. Deferred tax asset, January 1, 2020, $0.3. Taxable income for 2020, $99,750.4. Pretax financial income for 2020, $210,000.5. Cumulative temporary difference at December 31, 2020, giving rise to future taxable amounts, $252,000.6. Cumulative temporary difference at December 31, 2020, giving rise to future deductible amounts, $36,750.7. Tax rate for all years, 20%.8. The company is expected to operate profitably in the future.Compute income taxes payable for 2020.Prepare the journal entry to record income tax expense, deferred income taxes, and income taxes payable for 2020.Prepare the income tax expense section of the income statement for 2020, beginning with the line "Income before income taxes."
Answers
Income taxes payable for 2020 can be calculated using the following formula: Income taxes payable = (Taxable Income * Tax Rate) - Deferred Tax Liability.
Given the above information, income taxes payable for 2020 would be: Income taxes payable = ($99,750 * 0.20) - $21,000 = $18,750.
The journal entry to record income tax expense, deferred income taxes, and income taxes payable for 2020 would be as follows:
Debit: Income Taxes Payable $18,750
Credit: Deferred Tax Liability $21,000
Credit: Income Tax Expense $2,250
The Income Tax Expense section of the income statement for 2020 would look like this:
Income Before Income Taxes $210,000
Income Tax Expense $2,250
Net Income $207,750
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Related Questions
Select the correct answer.
Some merchandisers design window displays.
A. True
B. False
Answers
Answer:
your answer would be (A) True
Explanation:
Fractional reserve banking means banks hold on to only a small fraction of
the deposits they receive, loaning out the rest. This type of system will fall
apart if:
Answers
Answer: if too many people ask for money, and there is not enough
Explanation:
The Great Depression was one of the biggest bank runs where too many people TRIED to withdraw their money, but if there wasn't enough money the bank owes too many people many, like the Great Depression.
Create a PPC for a country that produces 50 million guns and 200 tons of butter and label the following
a. Production Possibilities frontier
b. Efficiency
C. Underutilization
Answers
The production possibility curve shows the different combination for output that can be produced from the resources and technology.
What is a PPC?It should be noted that a PPC is simply a graph that's used to show the different combination for output that can be produced from the resources and technology.
In this case, the points show how much of the goods van be produced. Point E means underutilization.
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Grandview produces small machined parts Grandview uses a job.costing system The nature of its process is such that management expects normal spoilage at a rate of 3% of good parts Data for last quarter are Click the icon to view the data for the last quarter) The spoiled parts were identified after 100% of the direct material cost was incurred The disposal value is $3 00/part Read the requirements Requirement 1. Record the journal entries if the spoilage was (a) job specific or (b) common to all jobs (Record debits first, then credits. Exclude explanations from any journal entries ) Begin by preparing the journal entry for normal spoilage if the spoilage was a) job specific Journal Entry Accounts Credit Debit 500 500 Cash Work in Process - X Data table Production (units) Good parts produced Direct material cost/unit 250,000 242,500 $ 8.00 Check answer Requirements 1. Record the journal entries if the spoilage was (a) job specific or (b) common to all jobs 2. Comment on the differences arising from the different treatment for these two scenarios Print Done
Answers
Requirement 1: If the spoilage was job-specific: Journal entry: AccountsCreditDebitWork in the process – X$1,500.00Loss due to spoilage$1,500.00Journal entry for the production of good parts: AccountsCreditDebit
Work in process – X$1,950,000.00 Direct material cost$1,950,000.00 Cash$1,950,000.00
The amount of work in progress due to spoilage is $1,500 ($8 x 187.5). When a batch is identified as spoilt, this job-specific expense is debited to the Work in Process (WIP) account.
The journal entry for the production of good parts is then made, with the direct material costs being debited to the WIP account as well.
Requirement 2:If the spoilage was common to all jobs: Journal entry: AccountsCreditDebitLoss due to spoilage$37,500.00Work in process$37,500.00Journal entry for the production of good parts: AccountsCreditDebitWork in process$1,912,500.00Direct material cost$1,950,000.00Cash$1,950,000.00
Common spoilage losses are debited to a Loss due to the Spoilage account, while good parts production is debited to the WIP account. This approach has the advantage of spreading the cost of spoilage across all products that have passed through the production process in a given period.
Comment on the differences arising from the different treatments for these two scenarios: If the spoilage was job-specific, the cost of the spoilage is charged against the specific job that produced it. If the spoilage was common to all jobs, the cost is distributed to all jobs based on the overall production volume.
Because job-specific spoilage costs are applied to individual jobs, there is a greater possibility that they may result in job-specific overhead rates that do not reflect the underlying cost structure of the products being produced. The use of a common spoilage account reduces the likelihood of this occurring by distributing spoilage costs uniformly across all goods that have been produced.
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On January 1, 2017, the dental partnership of Angela, Diaz, and Krause was formed when the partners contributed $39,000, $67,000, and $69,000, respectively. Over the next three years, the business reported net income and (loss) as follows: 2017 $ 79,000 2018 51,000 2019 (34,000 ) During this period, each partner withdrew cash of $15,000 per year. Krause invested an additional $6,000 in cash on February 9, 2018. At the time that the partnership was created, the three partners agreed to allocate all profits and losses according to a specified plan written as follows: Each partner is entitled to interest computed at the rate of 10 percent per year based on the individual capital balances at the beginning of that year. Because of prior work experience, Angela is entitled to
Answers
If a family does not financially qualify to buy a home in a specific neighborhood, must the real estate agent still show them that home?
Answers
Any single-family home that a private individual owner sells or rents, provided that they never possess or more three single-family homes at once.
What does the term real estate mean?Property investment is property that takes the shape of buildings and land. Foreign real estate acquisitions for non-business objectives, such as buying rental properties, would continue to be restricted. More land is intended to be put to productive use for housing as a result of the law. Housing market is property that takes the shape of buildings and land.
What are the four real estate investment strategies?Real estate investors may earn profits using four major methods: Purchase a property and wait for its value to rise; lease a property to tenants or companies in order to
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ACTIVITY 2.
Identify and explain briefly the question below
1 What are the 4P's in marketing plan?Explain each
А__________
B__________
С__________
D__________
Answers
Answer:
A. Product
B. Price.
C. Place.
D. Promotion.
Explanation:
Marketing plan can be defined as the choices about product attributes, pricing, distribution, and communication strategy that a company blends and offer its targeted markets (customers) so as to build and maintain a desired response.
Generally, a marketing plan is made up of the four (4) Ps and these includes;
1. Products: this is typically the goods and services that gives satisfaction to the customer's needs and wants. They are either tangible or intangible items.
2. Price: this represents the amount of money a customer buying goods and services are willing to pay for it.
3. Place: this represents the areas of distribution of these goods and services for easier access by the potential customers.
4. Promotions: for a good sales record or in order to increase the number of people buying a product and taking services, it is very important to have a good marketing communication such as advertising, sales promotion, direct marketing etc.
Pomology is branch of ______________, which deals with ____________ cultivation.
helpppp
Answers
Answer:
1.tinagcrash
2.of epertens
Answer:
Pomology is a branch of botany, which deals with fruit cultivation.
Explanation:
Answers such as these can be found by searching the web.
.What are some potential difficulties that you might encounter when doing business in the Chinese market?
Answers
Answer:
The answer is below
Explanation:
There are various potential difficulties one might encounter when doing business in the Chinese market. Some of which are:
1. Intellectual property issue: this is an area of business that is known to be one of the big issues in China. It is reported that a lot of inventors have problems in protecting their inventions, as many other competitors can just pick the invention idea and build on it without sanctions.
2. Governmental challenges: there is a huge issue of lack of transparency and corruption in China, most especially against foreign business owners.
3. Market Access: because of the diverse and big difference in consumers' consumption habits and distribution operations in China compared to other countries, most especially non-Indochina countries, will make the market access difficult for foreign business.
4. Consumer preference: consumers' preference in China is reported to be different and distinct compared to what is obtained outside China. Hence, foreign business owners will find it challenging to cope.
5. Bureaucracy: to obtain necessary licenses and permits in china requires going through a long process, which may even be more delayed to foreign business owners.
Thom Georges wants to open a store where he sells nothing but antique architectural features that he can salvage from old houses being torn down to make way for progress. He has an eye for the kind of doors, windows, mantels, and so forth that decorators want, but he does not have all the funding he needs to get started. He has invited his parents to invest $40,000 in the enterprise. He has told them that if they do invest, they would have liabilities in the firm equal to but no greater than their investment. Georges is trying to get them to form a _____ with him.
Answers
Answer: limited partnership
Explanation:
A limited partnership simply means a form of partnership whereby some of the partners only contribute financially nd thus will be liable and only to the extent of the amount that they contribute to the partnership m.
In case the company goes into bankruptcy, their personal assets and properties won't be affected. Since Thom invited his parents to invest $40,000 in the enterprise and told them that if they do invest, they would have liabilities in the firm equal to but no greater than their investment, then this is a limited partnership.
What does indigenous technology mean?
Answers
Answer: I hope this is helpful mark brainlist if right then no if wrong
Explanation:
Indigenous technology is used by the native inhabitants of a country or region and it constitutes an important part of its cultural heritage. Characteristically, indigenous technologies: Are recognized as animate, imbued with the breath of life and they live in form and function.Technologies employed by the native inhabitants of a country and which constitute an important part of its cultural heritage and should therefore be protected against exploitation by industrialized countries; the problem of indigenous knowledge has been discussed during the Rio Conference but it does not receive much ...Types of indigenous technology in India are; (i) Generic Drugs. (ii) Thorium based Nuclear Reactors. (iii) Plastic RoadsIndigenous Technology is created within a sensory environment that builds on our sense of relationship, meaning, balance, feeling, memory and place as well as sight, sound, smell, taste and touchIndigenization is the process by which Indigenous ways of knowing, being, doing and relating are incorporated into educational, organizational, cultural and social structures of the institution.One example of Indigenous Technologies in action today can be witnessed in differential approaches to medicine. Medical technologies in the Western Scientific sense of the term might conjure images of biomedical research labs, electromagnetic monitors or imaging systems such as CT or MRI scans.Indigenous technology is used by the native inhabitants of a country or region and it constitutes an important part of its cultural heritage. Characteristically, indigenous technologies: Are recognized as animate, imbued with the breath of life and they live in form and function.
based on the table above, what will happen to the real interest rate in the loanable funds market and private investment spending in plant and equipment?
Answers
Based on the table provided, the real interest rate in the loanable funds market will be affected by the supply and demand for loanable funds.
What will happen to the real interest rate in the loanable funds market and private investment spending in plant and equipment?When the supply of funds increases, the real interest rate tends to decrease, making borrowing more affordable for businesses. Conversely, when the demand for loanable funds increases, the real interest rate rises, making borrowing more expensive.
Private investment spending in plant and equipment is influenced by the real interest rate. A lower real interest rate encourages businesses to borrow more and invest in plant and equipment, leading to an increase in private investment spending.
On the other hand, a higher real interest rate discourages businesses from borrowing and investing in plant and equipment, resulting in a decrease in private investment spending. In summary, the real interest rate in the loanable funds market is determined by the balance between supply and demand for funds.
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What is an example of a digital asset?
O A. Cash
OB. A framed photograph
OC. Real estate
O D. Company reward points
Answers
An example of a digital asset is: B. A framed photograph.
What is digital assets?Digital assets can be defined as any item that are digitally kept in which the assets tend to add value to the owner of it.
Framed photography is considered a digital assets based on the fact that it is an image that tend to add value to the owner of it.
Some of the example of digital assets are:
LogosAnimationsDigital painting etcTherefore we can conclude that the correct option is B.
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Answer:
Company reward points
Explanation:
Compare how an Austrian economist and a Friedmanite economist feel about government
intervention in the economy. (1 point)
- An Austrian economist believes the government should only influence the economy during a recession. A Friedmanite economist believes that, whenever
the government tries to get more involved in the economy, it makes it worse.
- An Austrian economist believes that the government should stabilize the economy by controlling the supply of money. A Friedmanite economist believes
that, whenever the government tries to get more involved in the economy, it
makes it worse.
- An Austrian economist believes that the government should stabilize the economy by controlling the supply of money. A Friedmanite economist believes
the government should only influence the economy during a recession.
- An Austrian economist believes that, whenever the government tries to get more involved in the economy, it makes it worse. A Friedmanite economist believes that the government should stabilize the economy by controlling the
supply of money.
Answers
The difference between a Friedmanite economist and an Austrian economist is that:
An Austrian economist believes that, whenever the government tries to get more involved in the economy, it makes it worse. A Friedmanite economist believes that the government should stabilize the economy by controlling the supply of money.Who is an Austrian economistThis is a person that believes that the government does not have to try to influence the economy. According to them if the government tries to intervene, things would get worse.
Who is a Friedmanite?This is a person that believes in free trade and a smaller government. This person also believes in the control of money supply by the government.
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Which of the following things can help you get a lower interest rate when you receive a loan?
A. A low credit score
B. A history of defaulting
C. Using all of your available credit
D. Collateral
Answers
Answer:
D. Collateral
Explanation:
Collateral refers to an asset offered to a lender to secure a loan. Borrowers use properties, motor vehicles, or other valuable items to convince lenders to advance credit facilities. Collateral reduces the risk of lending. If the borrower default, lenders have the option of selling the collateral to recover their money.
Because collateral makes a loan less risky, the interest charged is low. A high-interest rate reflects a high-risk borrower.
Answer:
D. Collateral
Explanation:
Christie wants to purchase life insurance. She can purchase a $750,000 term life insurance policy with a 20-year term for monthly premiums of $33.82. She could also purchase a $750,000 term life insurance policy with a 30-year term for monthly premiums of $51.54. What is the difference in total cost of the two insurance policies?
Answers
To find the difference in total cost of the two insurance policies, we need to calculate the total premiums paid over the term of each policy. For the 20-year term policy, Christie will pay $33.82 per month for 20 years, which is a total of $8,116.80 in premiums.
For the 30-year term policy, Christie will pay $51.54 per month for 30 years, which is a total of $18,554.40 in premiums. The difference in total cost between the two policies is the total premiums paid for the 30-year policy minus the total premiums paid for the 20-year policy. Therefore, the difference in total cost between the two insurance policies is $10,437.60.
Calculate the total cost of the 20-year term policy, Monthly premium: $33.82. Number of months: 20 years * 12 months/year = 240 month .Total cost: $33.82 * 240 = $8,115.20. Calculate the total cost of the 30-year term policy. Monthly premium: $51.54. Number of months: 30 years * 12 months/year = 360 months. Total cost: $51.54 * 360 = $18,553.60. The difference in total cost between the 20-year term life insurance policy and the 30-year term life insurance policy is $10,438.40.
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which of the following is not a market performance ratio?
A. debt ratio
Answers
Debt Ratio is not a market performance ratio
Market value ratios are financial measurements that assess stock prices, evaluate them in relation to competitors' stock prices as well as other data points.
These ratios monitor public corporations' financial results to help us better comprehend their place in the market and A financial measure called the debt ratio shows what proportion of a company's assets are financed by debt.
It is the ratio of total assets (the total of current assets, fixed assets, and other assets like "goodwill") to total debt (short-term and long-term obligations).
Total debt to total assets is the debt ratio.
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A bond that has a face value of $3,500 and coupon rate of 3.30% payable semi-annually was redeemable on July 1, 2021. Calculate the purchase price of the bond on February 10, 2015 when the yield was 3.80% compounded semi-annually.
Answers
The purchase price of the bond on February 10, 2015, with a face value of $3,500, a coupon rate of 3.30% payable semi-annually, and redeemable on July 1, 2021, when the yield was 3.80% compounded semi-annually, is approximately $3,259.19.
To calculate the purchase price of the bond, we need to determine the present value of the bond's future cash flows. The coupon payments and the redemption value are the cash flows associated with the bond.
First, we calculate the present value of the coupon payments. Since the coupon rate is stated as an annual rate, we divide it by two to account for semi-annual payments. Using the formula for present value of an annuity, we discount the semi-annual coupon payments at the yield rate of 3.80% compounded semi-annually for the remaining periods until the bond matures.
Next, we calculate the present value of the redemption value. The face value of the bond is discounted at the yield rate for the remaining periods until the bond matures.
Finally, we sum up the present values of the coupon payments and the redemption value to obtain the purchase price of the bond. Using the calculations, the purchase price on February 10, 2015, is approximately $3,259.19.
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Julie and Barry Spinos purchased a house for $96,400. They made a 25 percent down payment and financed the remaining amount at 5.50 percent for 30 years. Their monthly payment is $410.66. How much of the first monthly payment is used to reduce the principal?
Answers
Answer: $79.30
Explanation:
Cost of the house = $96400
Down payment = 25% × $96400 = $24100
Mortgage = $96400 - $24100 = $72300
Interest = 5.5%
Time = 5 years
Monthly payment.= $410.66
The interest for first payment will be:
= $72300 × 5.5% × 1/12
= $72300 × 0.055 × 0.08333
= $331.36
Therefore, the amount of the first monthly payment is used to reduce the principal will be:
= $410.66 - $331.36
= $79.30
Don Ghonski received his credit card statement. This report showed $45 in new purchases, a current balance of $178, a payment of $70, and finance charges of $2. What was the amount of Don’s begin- ning balance from the previous month?
Answers
The amount of Don's beginning balance from the previous month was $155.
Don Ghonski received his credit card statement. This report showed $45 in new purchases, a current balance of $178, a payment of $70, and finance charges of $2.
To determine the amount of Don's beginning balance from the previous month, we'll use the formula:
In order to determine the amount of Don's beginning balance from the previous month, we need to use the given formula which is:
Beginning balance = Current balance - Payment + Finance charges + New purchases
Where the Beginning balance is the amount of Don's balance from the previous month. The current balance is the balance shown in the current statement. Payment is the amount that Don paid during the month. Finance charges are the interest charges on the outstanding balance. New purchases are the purchases made during the current statement period.
Plugging in the given values in the formula we get,
Beginning balance = $178 - $70 + $2 + $45= $155
Therefore, the amount of Don's beginning balance from the previous month was $155.
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What is the total of Amala’s liabilities? $850 $2,500 $3,350 $5,550.
Answers
Answer: The answer is $3,350
Explanation:
1. Point out which changes are occurring in the business that affect HRM. 2. What are some considerations the company and HR should be aware of when making changes related to this case study? 3. What would the initial steps be to start planning for these changes? 4. What would your role be in implementing these changes?
Answers
Answer:
Following are the solution to the given point.
Explanation:
In question 1:
Modifications such as:
Its five workers' benefit in the following 3, months will affect the human system comprises, that is well established and deeply connected with others and historically understanding its company. Other vision becomes unparalleled for business performance. Enable employees of one, 2 years per week to the telephone. Efficiency issues if work is allowed at home. End the actual department to launch the digital division. Rather than recruiting the staff on even a contractual basis as filled workers.In question 2:
facets:
Progressively but not in a moment, we should be aware of implementing changes, since it indirectly encourages employees and can be tormenting. Fewer would be motivated and far less productive. They should be informed of the realistic viability of changes and assess the optimistic feasibility of the proposed changes. They need to take into consideration their employee's collective opinions or take decisions about change into account.In question 3:
Diagnosing your company's existing environment is the very first step following your choice to change your company and to make changes with employees who are starting to alter gradually. To understand the workers' current motivation is an effective way to begin a progressive change process.
In question 4:
My function would be to offer the concept a sense of the impact of such changes on the organization's ecosystem as well as the convenience of the changes to be identified. Provide team members with assignments and identify the change cabin crew to be introduced in a system. Encouragement for change and overall smart agricultural control among workers.
is it hard to get a job at chik fil a? kinda stupid question ik, I just really need money. if so any recommendations?
Answers
Answer: Maybe you can try getting a job at starbucks, mcdonalds, five below, etc. It depends how old are you.
whitney company purchased equipment on january 1 of year 1, for $180,000. this equipment has a useful life of 6 years and a residual value of $10,000. the company uses the double-declining depreciation method. on january 1 of year 4,, the company changes its depreciation method to the straight-line method. compute depreciation expense for year 4. note: carry all decimals in calculations; round the final answer to the nearest dollar.
Answers
Depreciation under straight line method is 14,444.446.
Define straight-line method.Straight line basis is a technique for calculating depreciation and amortization, or the process of expensing an asset over a longer period of time than when it was purchased.
Depreciation in double declining balance method:
= [(Cost minus Accumulated depreciation) divided by useful life] the whole multiplied with 2
Year 1 = \(\frac{180000-0}{6}\) *2
= 60000
Year 2= \(\frac{180000-60000}{6}\) *2
=40000
Year 3= \(\frac{180000-60000-40000}{6}\) *2
= 26,666.66
Calculation of accumulated depreciation at the beginning of year 4:
Accumulated depreciation = 60000 + 40000 + 26,666.66
= 126,666.66
Calculation of book value:
Book value= Cost - accumulated depreciation
= 180,000 - 126,666.66
= 53,333.34
Calculation of depreciation under straight line method:
Depreciation is calculates as:
(Book value- Residual value) ÷ useful life remaining
= (53,333.34 - 10000) / 6-3
= 14,444.446
Therefore the depreciation under straight line method is 14,444.446
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The following scatterplot displays the world bank's most recent data (as of 2019) on public spending on education (as a percentage of gdp) and literacy rate (percentage of the population who can read and write) for many countries. we will investigate the linear association between the two variables.
Answers
The scatterplot provides a visual representation of the relationship between public spending on education and literacy rates, but further investigation and analysis is necessary to fully understand the nature of the correlation.
To investigate the linear association between public spending on education and literacy rates, we need to analyze the scatterplot. Looking at the graph, we can see that there is a positive correlation between the two variables. Countries with higher public spending on education tend to have higher literacy rates. However, there are some outliers, meaning that some countries with high literacy rates have lower public spending on education, and vice versa.
It's important to note that correlation does not necessarily equal causation. While the scatterplot shows a positive correlation, we need to conduct further research and analysis to determine if higher public spending on education directly causes higher literacy rates. Other factors, such as cultural attitudes towards education and access to resources, may also play a role.
In conclusion, the scatterplot provides a visual representation of the relationship between public spending on education and literacy rates, but further investigation and analysis is necessary to fully understand the nature of the correlation.
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a business letter would be appropriate for each of the following situations except
Answers
A business letter would be appropriate for each of the following situations except "For informal invitations such as wedding invitations, birthday invitations and other social functions".
A business letter is a formal method of communication between two parties. It is used to convey information, request something, or provide details of a particular product or service. It should be drafted using a professional tone, appropriate language, and format.
For informal invitations such as wedding invitations, birthday invitations, and other social functions, a business letter is not suitable. Instead, it is customary to use informal means of communication such as email or an invitation card to invite someone to a social function.
In conclusion, a business letter is not appropriate for informal invitations such as wedding invitations, birthday invitations, and other social functions, and this is the only situation where a business letter would not be suitable.
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Rosé ordered a package of macaroons from an out of state bakery. She received the cookies the following week. What type of e commerce product did rose order
Answers
Answer:
physical
Physical products are tangible goods that can be shipped or delivered to a customer's location. E-commerce refers to the buying and selling of goods or services online, typically through a website or app. In this case, Rosé likely placed an order for the macaroons through the bakery's e-commerce platform, and the bakery shipped the cookies to her location.
There is more to a decision than just the choice you are making.
A) true
F) false
Answers
False. A decision is not just about the choice you are making. There are other factors that come into play when making a decision, such as the potential consequences and impact of your decision, the values and beliefs you hold, the available information and resources, and the potential risks and benefits.
Additionally, external factors such as societal norms, cultural expectations, and legal requirements can also influence your decision-making process. Therefore, it is important to consider all these factors when making a decision to ensure that it aligns with your values, goals, and overall well-being. To explain in 100 words why there is more to a decision than just the choice you are making, we must consider various aspects involved in decision-making. A decision is a complex process that includes identifying the problem, gathering relevant information, evaluating potential alternatives, and making an informed choice. It also involves considering the consequences and impact on other areas of your life, as well as the long-term effects of the decision. Therefore, it is not just about the choice you make but also about the thought process and factors that influence the decision. This statement is true, as it highlights the complexity of decision-making.
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in which foreign industry has privatization been most important? (lo14-1)
Answers
the telecommunication industry has been the most important foreign industry where privatization has taken place. The telecommunication industry is one of the most essential industries that contribute to the growth of a country's
economy. The industry has been the most important foreign industry where privatization has taken place.In the early 1980s, privatization started in the telecommunication industry in the United Kingdom. The United Kingdom government sold its telecom company, British Telecommunications, to the public.
The purpose of privatization was to increase the industry's efficiency, bring innovation, increase competition and create jobs.The privatization of the telecommunication industry was later adopted by various countries worldwide. Countries like Canada, New Zealand, and Australia adopted this model of privatization. The outcome was the growth of the telecommunication industry and a significant boost in their economy.
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what term is given to those individuals with vested interest in an organization, including customers, distributions, suppliers, owners, lenders, employees, and community members?
Answers
The term given to individuals with vested interests in an organization is "stakeholders." Stakeholders are groups or individuals who have a direct or indirect interest in the success or failure of an organization.
The list of stakeholders can vary from organization to organization but generally includes customers, suppliers, employees, shareholders, lenders, and community members.
Customers are an important stakeholder group, as they are the primary source of revenue for most organizations. Suppliers are also crucial stakeholders, as they provide the raw materials and other resources necessary for the organization's operations. Employees are another key stakeholder group, as they are responsible for the day-to-day functioning of the organization.
Owners and shareholders are stakeholders with a financial interest in the organization's success, while lenders have a financial interest in ensuring that the organization can repay any loans or debts. Finally, community members may be stakeholders if the organization's operations have an impact on the local community, such as through employment or environmental impact.
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