Answer is given below :
Explanation:
Both strategies aim to convey and process knowledge between and within the organization. The top-down approach for sub-categories to gain insights at the senior management level breaks down a system. This is a great tool to help managers identify areas of improvement using quota and monthly matrix goals. There are flaws in this strategy, employees are not involved in the process and managers do not understand the full impact of the changes made. Morality can be affected because this strategy is motivated by fear and encouragement. The bottom line is that in some cases it is more complex, although employees feel motivated to provide more authority and quality work. The information is processed to a minimum and communicated to management. This may help in some areas because administrators may not fully understand the process. I should use the military as an example for a top down strategy. It works on the battlefield when there is no time to discuss or motivate employees. Top down is used when there is a slight change in environmental factors.Fulton Company owns the following investments: Trading securities (fair value) $160,000 Available-for-sale securities (fair value) 70,000 Held-to-maturity securities (amortized cost) 94,000 Fulton will report investments in its current assets section of
Answer:
the investment should be reported in the current asset section for $16,0000
Explanation:
The computation of the current asset section that report the investment is shown below:
= Investment value
= Fair value of the trading securities
= $160,000
Hence, the investment should be reported in the current asset section for $16,0000
The same is relevant and considered too
Marigold Inc. purchased land at a price of $29,900. Closing costs were $2,650. An old building was removed at a cost of $12,030. What amount should be recorded as the cost of the land
Answer:
$44,580
Explanation:
Given that ;
Purchased price = $29,900
Closing costs = $2,650
Cost of removing old building = $12,030
The amount that should be recorded as the cost of the land
= Purchased price + Closing costs + Cost of removing the old building
= $29,900 + $2,650 + $12,030
= $44,580
At December 31, , Products has cash of , receivables of , and inventory of . The company's equipment totals . owes accounts payable of and long-term notes payable of . Common stock is .
Complete Question:
At December 31, 2018, Thompson Products has cash of $23,000. receivables of $15,000, and inventory of $78,000. The company's equipment totals $181.000. Thompson owes accounts payable of $20,000 and long-term notes payable of $174,000. Common stock is $33.500. Read the requirement. Start with the heading and then complete the assets section of the statement. Finally complete the liabilities and stockholders' equity section of the statement. (Classify the balance sheet by selecting the proper title on all applicable subtotal lines. In the first part complete the assets section of the balance sheet. In the second part complete the liabilities and stockholders' equity section of the balance sheet. If a box is not used in the table leave the box empty: do not select a label or enter a zero.)
Answer:
Thompson Products
Thompson Products
Classified Balance Sheet
As of December 31, 2018:
Assets
Current Assets:
Cash $23,000
Account receivables 15,000
Inventory 78,000
Total current assets $116,000
Non-Current Assets:
Equipment $181,000
Total assets $297,000
Liabilities + Equity
Liabilities
Current Liabilities:
Accounts payable $20,000
Long-term Liabilities:
Long-term notes payable $174,000
Total liabilities $194,000
Equity:
Common stock $33,500
Retained earnings 69,500 $103,000
Total liabilities + equity $297,000
Explanation:
a) Data and Calculations:
Cash $23,000
Account receivables $15,000
Inventory $78,000
Equipment $181,000
Total assets $287,000
Accounts payable $20,000
Long-term notes payable $174,000
Common stock $33,500
Retained earnings (missing) $69,500
Total Liabilities + Equity $297,000
b) Typically, a balance sheet is classified into Assets, Liabilities, and Owners' Equity in accordance with the accounting equation. Each category is made up of current and non-current, with the exception of the owners' equity, which is made up of owners' capital and retained earnings. According to the accounting equation, assets = liabilities + equity. And this equation holds true for each business transaction.
Look up the names of the largest contractors reported by ENR in its three main categories: Heavy and highway, nonresidential building, and multiunit housing. Notice that the list also includes their ranking for the previous years. Were the contractors the largest the previous year?
Answer:
1. Bechtel, Reston, Va - Heavy and Highway
2. Fluor Corp, Irving, Texas - Multiunit housing
3. Turner Corp, New York - Non Residential Building
Explanation:
Engineering News Record (ENR) is the American magazine which is widely used by analysts and businessmen. This magazine is considered for its reliability and this is considered as most authoritative publication. It ranks the contractors in different categories. The rankings of the magazine may be different for the contractors every year.
The term _____ indicates that the product is novel to the individual who made it, but known to everyone else. Group of answer choices
Answer: Reinvention
Explanation:
The term that indicates that the product is novel to the individual who made it, but known to everyone else is referred to as reinvention.
Reinvention is the action whereby q particular product is changed and that product appears to be a new product entirely.
he 2014 balance sheet of Jordan’s Golf Shop, Inc., showed long-term debt of $2.7 million, and the 2015 balance sheet showed long-term debt of $2.95 million. The 2015 income statement showed an interest expense of $140,000. The 2014 balance sheet showed $460,000 in the common stock account and $3.2 million in the additional paid-in surplus account. The 2015 balance sheet showed $500,000 and $3.5 million in the same two accounts, respectively. The company paid out $500,000 in cash dividends during 2015. Suppose you also know that the firm’s net capital spending for 2015 was $1,320,000, and that the firm reduced its net working capital investment by $59,000. What was the firm’s 2015 operating cash flow, or OCF? (Do not round intermediate calculations. Enter your answer in dollars, not millions of dollars, e.g., 1,234,567.)
Answer: $1,311,000
Explanation:
Operating Cashflow = Cashflow from Assets + Capital spending + changes in Net working capital
Cashflow from Assets = Cashflow to Creditors + Cashflow to Stakeholders
Cashflow to Creditors = Interest paid - Change in long term debt
= 140,000 - (2,950,000 - 2,700,000)
= -$110,000
Cashflow to Stakeholders
= Dividends paid - New equity issue
= 500,000 - ((500,000 + 3,500,000) - (460,000 + 3,200,000))
= $160,000
Cashflow from Assets = -110,000 + 160,000
= $50,000
Operating cashflow = 50,000 + 1,320,000 + (-59,000)
= $1,311,000
what are the three most important ethical principles that you feel organizations should adhere to in terms of their staffing philoshophies
Answer:
fairness, honesty, integrityExplanation:
The three most important ethical principles that should guide all organizational activities are fairness, honesty and integrity. Currently we live in a globalized and multicultural business scenario, where there is an intense flow of information and a lot of competitiveness, so it is necessary that organizations seek to adapt their strategic planning to this new reality, where corporate governance is an essential parameter of relationship with a company by many stakeholders.
The fairness, honesty and integrity of the company will help it to maintain an internal environment focused on the development of skills and an organizational culture based on ethics and respect for all employees, regardless of their individual values or hierarchical position. These ethical principles will also help the organization to have a good image in the market, to attract greater reliability and transparency in the processes.
Which of the following tips can help you engage the audience as you speak?
A. Budgeting time
B. Using notecards
C. Speaking quietly
D. Eye contact
Answer:
D. Eye Contact
Explanation:
The answer D. Eye contact because that is an essential thing to help you engage with your audience when you are doing a speech.
Answer:
D. eye contact
Explanation:
on edge
By evaluating cost and benefits using competitive market prices, we can determine whether a decision will make the firm and its investors wealthier. This central concept is called:
Answer:
valuation principle
Explanation:
The basis concept behind the valuation principle is that the value of an asset is determined by the market. If an investor is evaluating any type of new project, he/she must use market prices in order to determine whether this new project will make him/her wealthier. E.g. the price of art works is determined by the amount of money that someone is willing to pay for it, not by the fact that you like it or not.
Gary decides to start his own business. His next best alternative was to accept a job with a different company that would have paid him $60,000 per year. During its first year of operation, Gary's new business brings in $300,000 in total revenue at a total accounting cost of $230,000. What was Gary's economic profit during his first year in business?
Answer:
$10,000
I think
Explanation:
Sage Inc. purchased land, building, and equipment from Laguna Corporation for a cash payment of $384,300. The estimated fair values of the assets are land $73,200, building $268,400, and equipment $97,600. At what amounts should each of the three assets be recorded
Answer: See explanation
Explanation:
The following can be calculated from the information given:
Total Asset Fair Value which will be:
= Land + Building + Equipment
= 73200 + 268400 + 97600
= $439200
Recorder Amount will now be:
Land = 73200 / 439200 × 384300
Land = 64050
Building = 268400 / 439200 × 384300
Building = 234850
Equipment = 97600 / 439200 × 384300
Equipment = 85400
Suppose the price level and value of the U.S. dollar in year 1 are 1 and $1, respectively. Instructions: Enter your answers rounded to 2 decimal places. a. If the price level rises to 1.10 in year 2, what is the new value of the dollar
Answer:
the new value of the dollar is $0.91
Explanation:
a. The computation of the new value of the dollar is given below:
= Dollar ÷ increase in price
= $1 ÷ 1.10
= $0.91
Hence, the new value of the dollar is $0.91
It could be determined by applying the above formula so the new value of the dollar could be come and in correct way
The perimeter of a triangle is 8 + 13a + 7a' and the two of its sides are 2a'+3a +2 and
3a'-4a-1. then the third side of the triangle is
(1) 21a' + 7a+1)
(2) 2a + 14a +7
(3) a?-14a +7
(4) 2a' - 14a-7
Answer:
(2) 2a + 14a +7
Explanation:
The Parameter is the sum of the length of all the sider of a shape. A triangle has three sides, so the parameter of a triangle is the sum of lengths of all the three sides of the triangle.
Following is the formula to calculate the parameter of a trinagle
Parameter = Length of first side + Length of second side + Length of third side
where
Parameter = 8 + 13a + 7a'
Length of first side = 2a'+3a +2
Length of second side = 3a'-4a-1
Placing values in the formula
8 + 13a + 7a' = ( 2a'+3a +2 ) + ( 3a'-4a-1 ) + Length of third side
8 + 13a + 7a' = 2a'+3a +2 + 3a'-4a-1 + Length of third side
8 + 13a + 7a' = 5a'-a +1 + Length of third side
Length of third side = (8 + 13a + 7a') - ( 5a'-a +1 )
Length of third side = 8 + 13a + 7a' - 5a' + a - 1
Length of third side = 7 + 14a + 2a'
Length of third side = 2a' + 14a + 7
An obese man in New York sued McDonald's, Burger King, Wendy's, and KFC because he claims the f gast-food giants caused his diabetes and other health problems. The suit is an example of a problem caused by competitive factors. True False
Answer:
False
Explanation:
Usually competitive factors include things like price, product quality, service quality, place or location, etc. But this lawsuit is part of the environmental factors that the different companies face. More specifically it involves legal factors and regulations that must be faced by a company.
Aiden and Sophia are married and they have always filed Married Filing Jointly. Aiden died May 5, 2020 at the age of 58. Sophia, age 56, has not remarried. Aiden earned $5,000 in wages and Sophia earned $51,000 in wages. Sophia paid all the cost of keeping up a home and provided all the support for their two children, Mia and Oliver, who lived with them all year. Mia is 11 years old and Oliver is 15 years old. Sophia does not have enough deductions to itemize, but she did make a $500 cash charitable contribution to a qualified charitable organization in tax year 2020. Aiden, Sophia, Mia, and Oliver are all U.S. citizens with valid Social Security numbers. 5. What is most advantageous filing status allowable that Sophia can claim on the tax return for tax year 2020
Answer:
Married filing jointly
Explanation:
Since Sophia is a widow and did not remarry during 2020, she can still file as married filing jointly. She can do that for up to two years after her spouse (Aiden) died, as long as she doesn't remarry.
The standard deduction for married filing jointly is $24,800 for 2020, which is much higher than single filers or heads of household.
A student has inherited $50,000. If it is placed in asavings account that earns 3% interest, how much isin the account in 30 years
Answer:
$121,363
Explanation:
The amount in 30 years is known as the Future Value (FV) . We arrive at this figure by compounding the Present Value using the interest earned on the savings as follows :
PV = $50,000
P/yr = 1
N = 30
PMT = $ 0
i = 3 %
FV = ?
Using a Financial calculator to enter the amounts as shown above, the FV can be determined as $121,363
Gloria just started working for GlenMack. As part of her signing bonus, she received 20 shares of GlenMack stock. Gloria is excited to contribute to the company and to track the value of her shares on the New York Stock Exchange. GlenMack must be:
Answer:
Public Company
Explanation:
In the given case, since it is mentioned that Gloria working for GlenMack now as a part of the signing bonus she received twenty shares from the stock of GlenMack now she is excited to contribute to the company and also wants to track the shares value on the new york stock exchange so here the Glenmust must be public company as the stock are listed on the stock exchange
So the same is to be relevant
Bill Matthews is investing $8,800 in the Washington Mutual fund. The fund charges a 4.80 percent commission when shares are purchased. Calculate the amount of commission Bill must pay.
Answer:
Commission= $422.4
Explanation:
Giving the following information:
Initial investment= $8,800
Commission rate= 4.8% = 0.048
To calculate the commission paid, we need to use the following formula:
Commission= initial investment*commission rate
Commission= 8,800*0.048
Commission= $422.4
If the owner contributes $19,400 and net income is $15,900, how much did the owner withdraw (owner, withdrawals)
Answer:
The owner withdrew $8,300
Explanation:
As per given Data
_______________ Assets ____Liabilities
Beginning of Year: $25,000 ___$17,000
End of Year: _____$62,000 ___$27,000
First, we need to the Beginning and Ending Equity value using following formula
Equity = Assets - Liabilities
Beginning Equity = Beginning Assets - Beginning Liabilities
placing values in the formula
Beginning Equity = $25,000 - $17,000 = $8,000
Ending Equity = Ending Assets - Ending Liabilities
placing values in the formula
Beginning Equity = $62,000 - $27,000 = $35,000
Now use the following formula to calculate the amount of drawing
Ending Equity = Beginning Equity + Contribution + Net Income - Owner withdrawal
Placing values in the formula
$35,000 = $8,000 + $19,400 + $15,900 - Owner withdrawal
$35,000 = $43,300 - Owner withdrawal
Owner withdrawal = $43,300 - $35,000
Owner withdrawal = $8,300
Sue purchased a stock for $25 a share, held it for one year, received a $1.34 dividend, and sold the stock for $26.45. What nominal rate of return did she earn
Answer:
11.16%
Explanation:
Calculation for What nominal rate of return did she earn
Nominal rate of return= ($26.45 + 1.34 − 25) / $25
Nominal rate of return= 0.1116*100
Nominal rate of return=11.16%
Therefore the nominal rate of return that she earn is 11.16%
g Rushing had net income of $240 million and average total assets of $2,000 million. Its return on assets (ROA) is:
Answer:
0.12
12%
Explanation:
Return on Asset = Net income / average total asset
$240 million / $2000 million = 0.12 =12%
A dressmaker can sew 400 garments with 100 bolts of fabric and 1,500 hours of labor. Another dressmaker can sew 400 garments with 150 bolts of fabric and 1,000 hours of identical labor. Fabric costs $110 a bolt and labor costs $20 an hour. Is it possible for both methods to be economically efficient
Answer:
No, because the second method has lower total costs of production.
Explanation:
In a bid to make profits businesses must always compare different processes and choose the cheapest one.
This will eventually reflect in the profitability of the business.
In this instance let's get the cost of each process.
Fabric costs $110 a bolt and labor costs $20 an hour.
The first dress maker can sew 400 garments with 100 bolts of fabric and 1,500 hours of labour
Total cost = (100 bolts * 110) + (1500 * 20)
Total cost = $41,000
For the second dress maker he can sew 400 garments with 150 bolts of fabric and 1,000 hours of identical labour
Total cost = (150 *110) + (1000 * 20)
Total cost = $36,500
As can be seen the second dressmaker has a lower cost of production so he is more efficient than the first dress maker
Your voice mail greeting should include _____. Select all that apply. A. your name and your company's name B. an indication of when the caller can expect to hear from you C. a summary of the purpose for your call D. the phone number of a colleague who may be able to help the caller
Answer:
A,B AND D ARE CORRECT
Explanation:
In case of urgency when voice mail greeting should include basic things is name and the company name. when they can expect to hear and the phone number of someone who can immediately help in case of urgency. So that here the correct option are here A , B and DIf the liabilities of a business increased $75,000 during a period of time and the owner's equity in the business decreased $30,000 during the same period, the assets of the business must have:
Answer:
the assets of the business must have increased by $45,000
Explanation:
It is important to remember that the Accounting Equation is stated as :
Assets = Equity + Liabilities
From the Information the amounts an be established as :
Liabilities = + $75,000 (increase)
Equity = - $30,000 (decrease)
Thus, substituting these amounts and taking careful considerations at the signs they carry the effect on the Assets can be determined as :
Assets = - $30,000 + $75,000
= + $45,000
We have arrived at a positive amount. Therefore, the assets of the business must have increased by $45,000
Indicate the Debits and Credits for the following:
Depreciation for the period was $100,000 of which $12,000 is related to the factory building and equipment while the remaining and $88,000 is related to the headquarters office building.
Answer:
Debit: Depreciation expense 100000
Credit: Accumulated depreciation - Factory building & equipment 12000
Credit: Accumulated depreciation - Office building 88000
Explanation:
The following double entry will be passed to record the given transaction in the question.
Depreciation expense 100000 Dr
Accumulated depreciation - Factory building & equipment 12000 Cr
Accumulated depreciation - Office building 88000 Cr
So we can tell from this entry that depreciation expense will be debited and the accumulated depreciation account for factory building and equipment and accumulated depreciation account for office building will be credited.
Define ethics, and describe the role that it plays in discretionary decision making. Give an example.
Explanation:
Ethics can be defined as the study of the behaviors that guide human behavior, that is, society is developed through a set of moral behaviors that define its values and its conception of which human behaviors and attitudes are positive or negative. Ethics then emerges as the standardization of these behaviors and moral values, it is a code of conduct for positive actions by man in society in all areas of life.
In discretionary decisions, in which there is a possibility of interpretation by the legislators, ethics appears as a normative instrument for the conduct of decisions, being a guide for the legislator to decide for what will have greater ethical value and benefits for society.
ou owe your credit company $25,000 and plan to make no payments on your credit card for 1.0 year. Due to your current credit score, your credit card company charges you an APR of 30.0%. If, however, you took immediate measures to improve your credit score by 100points, your credit card company agrees to improve your APR by 5.0%. Assuming you are then unable to make any payments for 12 months, how much money would you save by taking immediate actions to improve your credit score
Answer: $1,603.93
Explanation:
APR is monthly so figures have to be adjusted to monthly figures for a year.
If you fail to improve your credit score, the interest you will pay is:
= 25,000 * [(1 + 30%/12)¹² - 1]
= $8,622.22
If you improve your credit score, your APR will decrease to 25.0% from 30%.
Interest paid would be:
= 25,000 * [(1 + 25%/12)¹² - 1]
= $7,018.29
Savings = 8,622.22 - 7,018.29
= $1,603.93
Answer:
1,603.93
Explanation:
On December 29, 2022, James Company sold a debt security that had been purchased on January 4, 2021. James owned no other debt securities. An unrealized holding loss was reported in the 2021 income statement. A realized gain was reported in the 2022 income statement. Was the debt security classified as available-for-sale and did its 2021 market price decline exceed its 2022 market price recovery
Answer: No; No.
Explanation:
A debt security is referred to as a debt that can be either purchased or sold in the market between the parties involved before such debt matures.
In this scenario, we should note that the debt security was not classified as available-for-sale and also the 2021 market price decline did not exceed more than the 2022 market price recovery.
Therefore, the answer is No; No
Consider a 10-year bond with a face value of $1000 that has a coupon rate of 5.5%, with semiannual payments. a. What is the coupon payment for this bond
Answer:
Coupon= $27.5
Explanation:
Giving the following information:
Face value= $1,000
Coupon= semiannual payments
Coupon rate= 0.055/2= 0.0275
To calculate the semiannual payment, we need to use the following formula:
Coupon= face value*coupon rate
Coupon= 1,000*0.0275
Coupon= $27.5
The most important source of oligopoly is: economies of scale. government-created barriers. technological superiority. all of the above.
Answer:
economies of scale
Explanation:
Economies of scale are the result of increasing returns to scale, this means that the higher the output, the lower the production costs per unit. This means that large producers will have an advantage over smaller producers which will eventually allow them to make more profits and sell at lower prices. After a while, only large producers that are able to manufacture goods at a low price will exist, e.g. car manufacturers.