Read headline “Think before you spend” and then, drawing on material covered in this subject,...

Question

Read headline “Think before you spend” and then, drawing on material covered in this subject, Accounting Theory, identify some ways in which you think corporations would respond to such allegations....

1 answer below »

Read headline “Think before you spend” and then, drawing on material covered in this subject, Accounting Theory, identify some ways in which you think corporations would respond to such allegations.
Here are some of the products “The Rough Guide to Ethical Shopping” believes we should think about before buying:
Beverages: Maxwell House. One of the thousands of familiar brands ----Bird’s, Jacobs, Ritz and Toblerone are others--- owned by tobacco giant Philip Morris of Marlboro cigarette fame, which recently changed its name to Altria.
It denies to this day that smoking is addictive, was fined for failing to disclose political donations and was one of George Bush’s largest corporate campaign contributors.
Clothing: Nike trainers. Nike is said to have petitioned the Indonesia government for exemption from the minimum wage and has been accused of lying about labour conditions at its contractor factories.
According to Sweatshop Watch, an average Nike worker would need to put in 72,000 years of work to receive what Tiger Woods gets for one five-year contract to publicise the brand.
Food: Tiger prawns. Hugely popular nowadays in restaurants and supermarkets, tiger prawns are mostly raised in man-made pools in Bangladesh and the Philippines.
It takes 50,000 litres of water to produce a kilogram of prawn meat and the chemical additives to promote rapid growth ends up polluting the surrounding farming land.
People are routinely displaced to make way for these farms. Rape and murder have been reported in some cases.
Sport: Snooker cues. Thousands of snooker cues are made every year using wood from the Indonesian ramin tree. The ramin, which is also used for furniture and window blinds, is a rare and endangered tree listed under the Convention on International Trade in Endangered Species, but continues to be logged illegally at an alarming rate.
(Irish Independent, 1 December 2004, Independent Newspapers Ireland Ltd)

005_4fgmbzo-lzpmiqr4.docx

Answered Same Day Dec 24, 2021

David · Accepted Answer

Financial Accounting Theory 
“Think Before You Spend” 
Well, somehow a critical but emerging question about think before you spend on anything 
which perhaps you like the most and so far moreover. Utilizing your earnings on the beneficial 
products which can increase the repertoire, would no doubt a good solution. To not to waste our 
hard work on earnings we should think twice before spending on any unnecessary things or 
products.  
Especially for the some products that are “The Rough Guide to Ethical Shopping”. And for 
that we firmly not in trust to buy without thinking as: “Is that really needed?” The products are 
kind as: 
Beverages: 
Chilling out our throats and walking with a cane of Soft Drinks or Hard Drinks in hands is not a 
good sense in respect of managing finance. 
 As per Positive theory, Beverages are undoubtedly increases the revenues too to around 
22% to 28% in the hotel and restaurant industries. With increased amount of 15% to 35% 
of sales by fine dining and restaurants. 
 As per normative privately economic based theory, the beverages markets are expected 
to expand with CAGR growth of 4.3% to 4.2%. 
 As per public interest and economic market group theory, Americans are consuming 
13 billion gallons of soda, which increases diseases and mortality rates too in the country. 
Smoking: 
At the packet of every cigarette there is always a note written “Cigarette Smoking is Injurious to 
Health” then why to opt the style that kills us not in respect of wealth but from the health too.   
 With to the result for positive theory, according the research survey by Wells Fargo 
Securities, average sales rates for merchandise are 45% to 50% which gross margin of 
20% to 30% in the past years.  
 As per normative & private economic theory, current annual revenue is $400-500. 
 If we consider the public theory under the standards the mortality rate in America is 23.5 
percent in men and 17.9 percent in women which is rising day-by-day.  
 This gives the high credibility to the market managers with sales of nearly $1B.
Clothing and Accessories: 
We should think not twice even thrice before buying the clothes or accessories.  
 In a positive accounting scenario, with 100,000 retail apparel stores industry is reaping 
the revenue of $150B every year which is increasing as per time grows.  
 With market takeovers and capture theory, every fiscal year expenses are almost 
$1000 to $5000 by an average American.

Read headline “Think before you spend” and then, drawing on material covered in this subject, Accounting Theory, identify some ways in which you think corporations would respond to such allegations....

Solution

Answer To This Question Is Available To Download

Related Questions & Answers

Submit New Assignment