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Related Questions
Mettle Inc. is a multinational toy manufacturing company based in the United States. It has factories and offices in many countries around the world. In all its foreign offices, Mettle Inc. has applied the practices, policies, and culture followed in its U.S. office. As a result, Mettle Inc.'s operations are standardized across all countries. Which of the following international orientations has Mettle Inc. adopted?
a. The regiocentric approach
b. The ethnocentric approach
c. The geocentric approach
d. The polycentric approach
Answers
Considering the situation described above, the international orientations Mettle Inc., has adopted is known as "the ethnocentric approach."
This is because the ethnocentric approach is a method of recruiting individuals or personnel that fits the international businesses, based on requirements such as skills and zeal to imbibe the company's culture.
The ethnocentric approach is different from polycentric and egocentric approaches because it is based on meritocracy.
Hence, in this case, it is concluded that the correct answer is option B. "The ethnocentric approach."
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As a long-term investment, Fair Company purchased 20% of Midlin Company's 300,000 shares for $360,000 at the beginning of the reporting year of both companies. During the year, Midlin earned net income of $135,000 and distributed cash dividends of $0.25 per share. At year-end, the fair value of the shares is $375,000. Assume no significant influence was acquired. Record the transactions from the purchase through the end of the year, including any adjustment for the investment’s fair value, if appropriate. 2. Assume significant influence was acquired.
Required:
Record the transactions from the purchase through the end of the year, including any adjustment for the investment’s fair value, if appropriate.
Answers
The appropriate journal entry to record the transactions from the purchase through the end of the year, including any adjustment for the investment are:
1. Journal entries
1. Debit Investment in Midlin common shares $360,000
Credit Cash $360,000
(To record investment in Midlin common shares)
2. No journal entry required
3. Debit Cash $15,000
($300,000×$0.25×20%)
Credit Investment revenue $15,000
(To record dividend received)
4. Debit Fair value adjustment $15,000
Credit Net unrealized holding gains and losses- OCI $15,000
($375,000-$360,000)
(To record fair value adjustment)
2. Journal entries
1. Debit Investment in Midlin common shares $360,000
Credit Cash $360,000
(To record investment in Midlin common shares)
2. Debit Investment in Midlin common shares $27,000
Credit Investment revenue $27,000
($135,000×20%)
(To record investment revenue)
3. Debit Cash $15,000
($300,000×$0.25×20%)
Credit Investment revenue $15,000
(To record dividend received)
4. No journal entry required
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Your boss has just asked you to take over coordination of the company’s monthly potluck, which is scheduled for next week. How should you get the word out to participants?
This is a _____1______ message, so you should ______2______.
PART 1
a. routine
b. nonroutine
PART 2
a. Send a mass e-mail to all participants
b. Leave a message on each participant’s answering machine
Answers
Answer:
a. routine
a. Send a mass e-mail to all participants
Explanation:
In this case, your message is routine, and it is best conveyed with a less-rich medium. People are familiar with the potluck, because it is a regularly scheduled event. If you send a mass e-mail, people will glance at it and assume that everything is fine. If you use a richer medium, such as a telephone message, people may wonder whether there is a hidden meaning behind your words. For example, they might wonder whether management will announce bad news at the potluck and wants to make sure everyone is there to hear it.
In the long run a company that produces and sells popcorn incurs total costs of $1,050 when output is 90 canisters and $1,200 when output is 120 canisters. The popcorn company exhibits a. economies of scale because total cost is rising as output rises. b. diseconomies of scale because total cost is rising as output rises. c. economies of scale because average total cost is falling as output rises. d. diseconomies of scale because average total cost is rising as output rises.
Answers
The popcorn company exhibit economies of scale because average total cost is falling as output rises.
The first step is to determine the average cost when output is 90 and 120 canisters.
Average cost = total cost / total output
average cost when output is 90 = $1050 / 90 = $11.7
average cost when output is 120 = $1200 / 120 = $10
Average cost reduced when output increases from 90 to 120. This is known as economies of scale. A firm experiences economies of scale when as output increases, average total cost reduces.
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Eric Patterson earns $82,000 a year. His monthly expenses total $5,400. What is the minimum amount of money that he should set aside in an emergency fund
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Based on the amount earned and the monthly expenses, Eric should set aside $16,200 for an emergency fund.
It is generally recommended that when settling cash aside for an emergency fund, the amount that one sets aside be 3 times their monthly expenses.
Eric's monthly expenses are $5,400 so the amount to be set aside should be:
= 5,400 x 3
= $16,200
In conclusion, Eric should set aside $16,200 for the emergency fund.
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A company purchased $4,600 worth of merchandise. Transportation costs were an additional $405. The company returned $315 worth of merchandise and then paid the invoice within the 1% cash discount period. The total cost of this merchandise is:
Answers
Answer:
The total cost of the merchanise is $5900
“Marketing is Significant for Both Profit and Non-Profit Organizations”Do you agree with this statement? Explain
Answers
Answer:
Marketing is just as important for non-profits as it is for businesses, but the target audience is potential contributors and volunteers, not consumers, and the problem is persuading them to provide money without expecting anything in return.
Explanation:
Management at Work
Imagine that you have been a production operator manager for two years at a large gas distribution company. Recently, your director told you that the company is planning a large restructure, but that your department will not lose any employees. You decide that you need to use personal communication techniques to reach out to the people on your team and convince them that they are safe and they need to maintain their productivity levels for the upcoming year.
Fortunately, you have a large personal network of diverse contacts both inside and outside the company. But you know that some of your employees have much smaller networks, and you worry that they will not have the contacts they need in order to get a good perspective on the restructuring. Which of the following pieces of advice should you give to your employees to help them build their networks?
CHECK ALL THAT APPLY
- Make sure that when you build your network, you don’t always expect your contacts to be giving to you. You have to give as well as receive in order for a network to be effective.
- You’re going to have a hard time building a network that you can use to support you through this restructuring, but start now to build your network before you need it the next time.
- Reach out to people and do as many activities as you can with them. Try to fill your calendar so that you connect with as many people as possible.
- Try to fill your network with people who are very similar to you, preferably people who do the same kind of work you do and people who have non-work backgrounds similar to yours. This will make it easier to develop relationships with them.
Answers
Answer:
✔ Make sure that when you build your network, you don’t always expect your contacts to be giving to you. You have to give as well as receive in order for a network to be effective.
✔ You’re going to have a hard time building a network that you can use to support you through this restructuring, but start now to build your network before you need it the next time.
✔ Reach out to people and do as many activities as you can with them. Try to fill your calendar so that you connect with as many people as possible.
✘ Try to fill your network with people who are very similar to you, preferably people who do the same kind of work you do and people who have non-work backgrounds similar to yours. This will make it easier to develop relationships with them.
When calculating free cash flows to common equity shareholders, financing activities do not include: A. Adjustments for capital expenditures B. Financial asset cash flows C. Adjustments for Preferred stock cash flows D. Debt cash flows
Answers
Answer:
B.Financial asset cash flowsExplanation:
then you are going to blacken the circle that correspods to your answer and from the letters of the word will be revealed to decode the answer. in i thank you.Financial asset cash flows are excluded from financing activities' calculations of free cash flows to common equity owners. As a result, choice (B) is the appropriate response.
What is free cash flow?The cash that a corporation generates after deducting cash outflows for operating expenses and capital asset maintenance is known as free cash flow (FCF). Free cash flow, as opposed to earnings or net income, is a metric of profitability that takes into account both changes in working capital from the balance sheet as well as spending on assets and equipment. It also eliminates non-cash expenses from the income statement.
By compensating for non-cash costs, changes in working capital, and capital expenditures, FCF reconciles net income. As an additional tool for examination, free cash flow might show fundamental issues before they appear on the income statement.
Hence, option (B) is accurate.
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A company issues $50,000 of 4% bonds, due in 5 years, with interest payable semiannually. Assuming a market rate of 3%, the bonds issue for $52,306. Calculate the carrying value of the bonds after the first semiannual interest payment.
Answers
The carrying value of the company's bonds after the first semiannual interest payment is $52,090.59.
Data and Calculations:
Face value of bonds = $50,000
Bonds Proceeds = $52,306
Bonds Premium = $2,306 ($52,306 - $50,000)
Maturity Period = 5 years
Coupon interest rate = 4%
Market interest rate = 3%
Interest Payment = Semiannually
First Semiannual Interest Payment:
Cash payment = $1,000 ($50,000 x 4% x 1/2)
Interest expense = $784.59 ($52,306 x 3% x 1/2)
Amortization of premium = $215.41 ($1,000 - $784.59)
Carrying value = $52,090.59 ($52,306 - $215.41)
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Identify the type of writing/Essay.
11. There was a sudden hush among the people in the crowd on top of Mount Sinai. Following their gaze, I saw a thin red sliver sitting on top of bands of silver-gray clouds, suspended over the desert wilderness. As I continued to watch, the Red Crescent becomes larger, filling out into a semicircle and spilling its pigment onto the clouds and the bleak desert hills. Answer;
12. People often refer to Africa as the Dark Continent, meaning that Africans were uncivilized, unsophisticated, and ignorant people. West Africa, East Africa, and ancient Zimbabwe are examples that refute this stereotype. The Dark Continent would not be an accurate label for Ancient Africa. Answer;
13. The Taj Mehal complex includes a main gateway, a garden with pools of water, a red sandstone mosque, and an identical building called “Jawab” shah Jahan wanted to build the second mausoleum across the river, as grandiose as the Taj Mehal, to have his own remains buried there. He also wanted the two mausoleums to be connected with bridges. But unfortunately, these plans remained on paper.
Answers
Answer:
11 informative
12 comparison
13 cause and effect
11th the essay is about Informative.
12th the essay is about comparison.
13th the essay is about cause and effect.
What do you mean by informative?Informative means providing useful knowledge or ideas.
It helps to organize ideas, concepts, and information using strategies such as definition, classification etc.
What is comparison?Comparison is the act of finding out the differences and similarities between two or more people or things.
Or a comparison is an examination of two or more items to establish similarities and dissimilarities.
What is cause and effect?A cause is something that produces an event or condition.
An effect is what results from an event or condition.
The purpose of the cause-and-effect essay is to determine how various phenomena relate in terms of origins and results.
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Funseth Farms Inc. purchased a tractor in 2018 at a cost of $30,000. The tractor was sold for $3,000 in 2021. Depreciation recorded through the disposal date totaled $26,000. (1) Prepare the journal entry to record the sale. (2) Now assume the tractor was sold for $10,000; prepare the journal entry to record the sale
Answers
1. The journal entries that Funseth Farms Inc. will record for the sale of the tractor are as follows:
Debit Sale of Tractor $30,000
Credit Tractor $30,000
To transfer the Tractor account to Sale of Tractor account.Debit Accumulated Depreciation $26,000
Credit Sale of Tractor $26,000
To transfer the accumulated depreciation to Sale of Tractor account.Debit Cash $3,000
Credit Sale of Tractor $3,000
To record the cash receipts from the sale.Debit Loss from Sale $1,000
Credit Sale of Tractor $1,000
To record the loss from the sale.2) If the tractor was sold for $10,000, the journal entries are as follows:
Debit Sale of Tractor $30,000
Credit Tractor $30,000
To transfer the Tractor account to Sale of Tractor account.Debit Accumulated Depreciation $26,000
Credit Sale of Tractor $26,000
To transfer the accumulated depreciation to Sale of Tractor account.Debit Cash $10,000
Credit Sale of Tractor $10,000
To record the cash receipts from the sale.Debit Sale of Tractor $6,000
Credit Gain from Sale $6,000
To record the gain from the sale.Data Analysis and Calculations:
Cost of Tractor in 2018 = $30,000
Accumulated Depreciation = $26,000
Proceeds from sale = $3,000
Loss from Sale = $1,000
Accumulated Depreciation $26,000 Sale of Tractor $26,000
Sale of Tractor $30,000 Tractor $30,000
Cash $3,000 Sale of Tractor $3,000
Loss from Sale $1,000 Sale of Tractor $1,000
2) If the tractor was sold for $10,000, the journal entries are as follows:
Accumulated Depreciation $26,000 Sale of Tractor $26,000
Sale of Tractor $30,000 Tractor $30,000
Cash $10,000 Sale of Tractor $10,000
Sale of Tractor $6,000 Gain from Sale $6,000
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Your company repairs household appliances such as microwaves, dishwashers, and clothes dryers. Your manager, Naomi, is excited about the potential for social media to drive organizational performance. She is considering a number of possible projects, and she asks your advice about how to use social media appropriately.
Which of the following could be a good social media initiative for our company?
a. Use Twitter to post news of product recalls and safety tips for customers, such as the importance of getting safety checks for furnaces and water heaters each fall.
b. Start an internal company blog to post news about impending layoffs and merger discussions.
Answers
Answer:
a. Use Twitter to post news of product recalls and safety tips for customers, such as the importance of getting safety checks for furnaces and water heaters each fall.
Explanation:
Using Twitter to keep people up-to-date on important information would be an excellent way to demonstrate expertise and build brand loyalty with customers and potential customers. Imagine tweeting that a popular dishwasher model has been recalled because it may start fires—a lot of people would probably retweet that to alert their friends.
Information about possible layoffs and a merger is sensitive because these changes will affect people’s livelihoods. This information is best communicated via a richer channel than a blog. The sender and receiver should have the opportunity to use and observe body language, and communications should be more personally directed.
HELP PLEASE
_____ careers focus on reducing the negative impact industries and society have on the environment.
A Ergonomic
B Green
C Reduction
D Government
Answers
Answer:
B
Explanation:
It's green careers
It seems its this
Answer:
Answer B
Explanation:
GREEN careers focus on reducing the negative impact industries and society have on the environment.
Colliers, Incorporated, has 100,000 shares of cumulative preferred stock outstanding. The preferred stock pays dividends in the amount of $2 per share, but because of cash flow problems, the company did not pay any dividends last year. The board of directors plans to pay dividends in the amount of $600,000 this year.
Required:
a. What amount will go to preferred stockholders?
Dividend Payment to Preferred Stockholders
b. How much will be available for common stock dividends?
Dividend Payment to Common Stockholders
Answers
a. The amount that will go to the preferred stockholders is $400,000.
b. The amount of the declared dividend that will be available for common stock dividends is $200,000 ($600,000 - $400,000).
Data and Calculations:
Cumulative Preferred Stock Outstanding = 100,000 shares
Dividends per share = $2
Cumulative Preferred Dividend last year = $200,000 (100,000 x $2)
Preferred Dividend this year = $200,000 (100,000 x $2)
Total preferred dividend to be paid this year = $400,000
Thus, the Preferred Stockholders will be paid $400,000 ($200,000 for last year and $200,000 for this year).
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SEVEN (7) rewards and THREE (3) Challenges of the CEO of this company
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What? What does this mean?
At least two different household products are available in the marketplace that make use of the phenomenon of sensory adaptation: Febreze’s NOTICEables. and Glade’s Lasting Impressions Air Freshener. Both products are air fresheners that use warmed oil to scent the air with fragrances. a. If you were a marketing manager for an air freshener company, why should you be concerned about sensory adaptation? Be sure to provide a general definition of sensory adaptation in your response
Answers
Sensory adaptation should be a concern of a marketing manager of an air freshener company, because the human organism is able to adapt to a constant stimulus, generating a marketing concern with the product repurchase process.
Sensory adaptation is defined as the reduction in human sensitivity to a specific stimulus, such as smells, noise and temperatures, which makes a person less aware of a stimulus.
Therefore, sensory adaptation should be a concern for air freshener companies like Glade, which uses warmed oil to scent the air with fragrances.
It is necessary that marketing generates more publicity and develops products with different features and aromas that encourage repurchase, with the objective of freeing the consumer's attention to perceive other types of stimuli.
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1. Describe the various advantages that firms such as Tata employ to become large industrial conglomerates.
Answers
Answer:
Company
Explanation:
The basic logic behind the Rational Rule for Sellers is that a company owner should increase output as long as the extra output A. moves the company toward maximum total revenue. B. leads to a larger gap between price and average total costs. C. leads the company toward minimum average total costs. D. adds more to revenue than it adds to costs.
Answers
According to the logic behind the Rational Rule for Sellers, a company owner should increase output when the extra output D. adds more to revenue than it adds to costs.
According to the Rational Rule for Sellers, a seller should only choose the output level where the marginal cost is equal to the marginal revenue.
It should be noted that the owner of a company should increase output when the extra output adds more to revenue than it adds to costs. This is vital in order to increase the revenue and profit of the firm.
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Schweigert Paint Company, which prepares annual financial statements, is preparing adjusting entries on December 31. Analysis indicates the following:
(1.) The company is the defendant in an employee discrimination lawsuit involving $50,000 of damages. Legal counsel believes it is unlikely that the company will have to pay any damages.
(2.) December 31st is a Friday. The employees of the company have been paid on Monday, December 27th for the previous week which ended on Friday, December 24th. The company employs 30 people who earn $100 per day and 15 people who earn $160 per day. All employees work 5-day weeks.
(3.) The company is a defendant in a $500,000 product liability lawsuit. Legal counsel believes the company probably will have to pay the amount requested.
Prepare any adjusting entries necessary at the end of the year.
Answers
The Adjusting Journal Entries that Schweigert Paint Company will make in its records include the following:
Adjusting Journal Entries on December 31:
1. No Journal Entry Required
2. Debit Wages Expense $27,000
Credit Wages Payable $27,000
To accrue unpaid wages for one week to December 31.3. Debit Product Liability Expenses $500,000
Credit Product Liability Payable $500,000
To record the product liability expense.Data Analysis:
1. No Journal Entry Required
2. Wages Expense $27,000 Wages Payable $27,000. ($100 x 30 x 5) + ($160 x 15 x 5)
3. Product Liability Expenses $500,000 Product Liability Payable $500,000
Thus, the adjusting entries as of December 31 do not include transaction 1.
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Assume that banks hold no excess reserves and that all currency is deposited into the banking system. If the required reserve ratio is 5.00%, and the Federal Reserve wants to increase the money supply by $35.00 million, the Fed would need to make an open market purchase of $ __________ million. (Insert your answer in millions, and round to two decimal places.)
Assume that banks hold no excess reserves and that all currency is deposited into the banking system. If the required reserve ratio is 5.00%, and the Federal Reserve wants to decrease the money supply by $75.00 million, the Fed would need to make an open market sale of $ _________ million. (Insert your answer in millions, and round to two decimal places.)
Suppose that banks decide to hold excess reserves. In order for the Federal Reserve to change the money supply by the same amounts as in parts 1 and 2, it would need to make
Choose one: ______
A. a smaller open market purchase but a larger open market sale.
B. a larger open market purchase and a larger open market sale.
C. a smaller open market purchase and a smaller open market sale.
D. a larger open market purchase but a smaller open market sale.
Answers
The Fed would need to make an open market purchase of $1.75 million.
The Fed would need to make an open market sale of $3.75 million.
If the banks hold excess reserves, the Federal Reserve would make a larger open market purchase but a smaller open market sale.
The policies undertaken by the Central Bank of a country is known as monetary policy.
Types of monetary policy
Expansionary monetary policy: these are policy steps taken to increase the supply of money in an economy. An example is an open market purchase.Contractionary monetary policy: these are policy steps taken to decrease the supply of money in an economy. An example is an open market sale.
Amount of open market purchase = targeted increase in money supply / money multiplier
Money multiplier = 1 / reserve requirement
1/ 0.05 = 20
$35 million / 20 = $1.75 million
Amount of open market sale = $75 million / 20 = $3.75 million
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Darren believed in saving money and followed a strict monthly budget. He wanted to invest his savings in a safe option that paid more than his savings account and he was content with earning a lower, consistent amount of money. He did not want to worry about losing any money with market changes. Which type of investment below should Darren consider? CDs Business startups New stock offerings Junk bonds
Answers
The type of investment that Darren should consider based on the information will be a certificate of deposit.
A certificate of deposit simply means a savings account that holds a fixed amount of money for a particular period of time. A business startups, new stock offerings, and junk bonds have higher risks.
Since believed in saving money and following a strict monthly budget, and he is content with earning a lower, consistent amount of money, then he should invest in a certificate of deposit (CDs).
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EFT, Inc. wants to empower and engage its employees. They have several teams consisting of highly skilled employees and no one person on these teams has a specifically assigned position. Instead, employees lead each other as the occasion arises, so there is no formal hierarchy or organizational chart. This type of leadership is known as:____________
a) people-oriented leadership.
b) managerial leadership.
c) shared leadership.
d) servant leadership.
Answers
Based on the fact that the company wants to empower its employees by hiring a lot of highly skilled employees so that each employee leads each other, this type of leadership is known as a shared leadership
As a result of this, we can see that there is a shared leadership where there is no formal hierarchy or organizational chart because each person leads each other as the occasion arises and they are not assigned a specific position.
Therefore, the correct answer is option C
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N/AN/AN/Av vvN/AN/AN/A N/AN/AN/Av N/AN/A
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N/AN/AN/Av vvN/AN/AN/A N/AN/AN/Av N/AN/A
If government outlays in 2011 were $2.2 trillion and government revenues were $3.8 trillion, the federal Group of answer choices debt was unaffected. debt decreased $1.6 trillion. budget deficit was $1.6 trillion. budget was balanced. budget surplus was $1.6 trillion.
Answers
The budget surplus is $1.6 trillion.
When a government's revenues exceeds its outlays, the government is said to run a surplus. If government's revenues is less than its outlays, the government is said to have a deficit. If a government runs a deficit, its debt would increase because it would have to borrow to fund the deficit.
Amount of budget surplus = government's revenues - outlays
$3,8 trillion - $2.2 trillion = $1.6 trillion
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refer to the makeup of a firms capitalization
Answers
Finance. Another aspect of capitalization refers to the company's capital structure. Capitalization can refer to the book value cost of capital, which is the sum of a company's long-term debt, stock, and retained earnings. ... Companies with a high market capitalization are referred to as large caps.
Frank discovers that workers on the evening shift are consistently late, so he devises a new policy in which employees are only allowed three late clock-ins before they are terminated. These actions are part of the __________ function.
Answers
Considering the situation described above, Frank's actions are part of the " Controlling" function.
This is because the controlling function is one of the functions of management that deals with controlling and ensuring any deviations are dealt with, which demonstrates corrective action.
Thus, in this case, when Frank devises a new policy in which employees are only allowed three late clock-ins before they are terminated, this is an example of a Controlling function to ensure there is progress towards the organizational goals.
Hence, in this case, it is concluded that the correct answer is "Controlling."
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Kansas Pizza Pantry opened its first restaurant in Lawrence, Kansas in 1985. Almost immediately after the first location opened, it expanded from Kansas Pizza Pantry to more than 250 locations in more than 30 states and 11 countries. Kansas Pizza Pantry completed an initial public offering in August 2000. Several years ago, Silver Capital completed the acquisition of Kansas Pizza Pantry and, as a result of the acquisition, the company's common stock is no longer publicly traded.
KANSAS PIZZA PANTRY, INC., AND SUBSIDIARIES
Consolidated Statements of Operations
(amounts in thousands, except for per share data)
Year 3 Year 2 Year 1
Revenues:
Restaurant sales $ 633,106 $ 652,685 $ 665,616
Royalties from licensing agreement 6,722 8,239 6,580
Domestic franchise revenues 4,200 2,934 2,757
International franchise revenues 3,153 2,178 2,121
Total revenues 647,181 666,036 677,074
Costs and expenses:
Food, beverage and paper supplies 149,732 155,181 165,526
Labor 237,383 247,850 247,276
Direct operating and occupancy 142,920 142,473 140,367
Cost of sales 530,035 545,504 553,169
General and administrative 50,831 51,041 51,642
Depreciation and amortization 37,156 40,331 40,299
Pre-opening costs 3,369 1,893 4,478
Loss on impairment of property and equipment 18,952 23,441 13,336
Store closure costs 1,758 564 1,033
Litigation, settlement and other costs 8,909 1,659 736
Total costs and expenses 651,010 664,433 664,693
Operating (loss)/income (6,279 ) 3,303 12,381
Interest expense, net (26 ) (783) (1,324)
(Loss)/income before income tax (benefit)/provision (6,305 ) 2,520 11,057
Income tax (benefit)/provision (5,239 ) (2,141) 2,395
Net (loss)/income $ (1,066 ) $ 4,661 $ 8,662
Net (loss)/income per common share:
Basic $ (0.07 ) $ 0.19 $ 0.34
Diluted $ (0.07 ) $ 0.19 $ 0.34
Weighted average shares used in calculating net (loss)/income per common share:
Basic 24,738 24,564 25,193
Diluted 24,738 24,393 25,211
KANSAS PIZZA PANTRY, INC., AND SUBSIDIARIES
Consolidated Balance Sheets
(in thousands, except for share data)
Year 3 Year 2
Assets
Current assets:
Cash and cash equivalents $ 14,465 $ 23,724
Other receivables 12,844 13,041
Inventories 6,427 6,557
Current deferred tax asset, net 8,675 7,576
Prepaid rent 306 5,957
Other prepaid expenses 2,818 2,281
Total current assets 45,535 59,136
Property and equipment, net 242,446 256,416
Noncurrent deferred tax asset, net 22,601 25,511
Goodwill 4,722 4,872
Other intangibles, net 5,087 4,964
Other assets 8,813 7,409
Total assets $ 329,204 $ 358,308
Liabilities and stockholders’ equity
Current liabilities:
Accounts payable $ 17,675 $ 11,763
Accrued compensation and benefits 23,923 23,701
Accrued rent 21,174 20,287
Deferred rent credits 4,358 4,245
Other accrued liabilities 14,190 11,915
Gift card liability 14,877 21,140
Store closure reserve 79 351
Total current liabilities 96,276 93,402
Long-term debt --- 22,800
Other liabilities 9,986 8,728
Deferred rent credits, net of current portion 33,677 32,978
Income taxes payable, net of current portion 329 10,125
Commitments and contingencies - -
Stockholders’ equity:
Common stock—$0.01 par value, 80,050,000 shares
authorized, 27,100,000 and 26,700,000 shares issued and outstanding at end of Year 3, and Year 2, respectively 271 267
Additional paid-in capital 174,563 174,500
Retained earnings 14,102 15,508
Total stockholders’ equity 188,936 190,275
Total liabilities and stockholders’ equity $ 329,204 $ 358,308
Required:
Compute the following ratios for Year 3 using information from the company annual report that was issued before Kansas Pizza Pantry was acquired. Assume a market price per share of $1.26.(Round your answers to 2 decimal places. Enter percentage answers rounded to 2 decimal places (i.e. 0.1234 should be entered as 12.34). Negative amounts should be indicated by a minus sign.)
Ratios are: Return on equity, Net profit margin, Inventory turnover, Current ratio, Quick Ratio, Debt-to equity ratio, Price/earnings ratio.
Answers
The financial ratios for Kansas Pizza Pantry are computed as follows:
1. Return on Equity = Net loss/Stockholders' Equity x 100
= $(1,066)/$188,936 x 100
= -0.56%
2. Net Profit Margin = Net loss/Total revenue x 100
= $(1,066)/$647,181 x 100
= -0.16%
3. Inventory Turnover = Cost of goods sold/Average Inventory
= $530,035/$6,492
= 81.6 times
4. Current Ratio = Current assets/Current liabilities
= $45,535/$96,276
= 0.47
5. Quick Ratio = Current assets - Inventories/Current liabilities
= $45,535 - $6,427/$96,276
= 0.41
6. Debt-to-Equity Ratio = Total Debts/Total Equity
= $140,268/$188,936
= 74%
7. Price/Earnings Ratio = $1.26/$(0.07)
= -18 times
Data and Calculations:
Total revenues = $647,181
Cost of sales = $530,035
Net (loss)/income = $(1,066)
Basic EPS = $ (0.07)
Total current assets = $45,535
Total current liabilities = $96,276
Total liabilities and stockholders’ equity = $329,204
Total stockholders’ equity = $188,936
Total liabilities = $140,268 ($329,204 - $188,936)
Less current liabilities = $96,276
Long-term liabilities = $43,992 ($140,268 - $96,276)
Average Inventories = $6,492 ($6,427 + $6,557)/2
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Interdepartmental politics is a major problem with __________________ communication.
a. upward
b. horizontal
c. downward
Which of the following actions can managers take to resolve this problem?
Check all that apply.
- Create dotted-line relationships to formalize communications.
- Establish goals for communication in advance.
- Focus communication on achieving a certain task or outcome.
- When creating teams, choose people with wide differences in rank within the organization.
Answers
Answer:
Interdepartmental politics is a major problem with horizontal communication.
✘ Create dotted-line relationships to formalize communications.
✔ Establish goals for communication in advance.
✔ Focus communication on achieving a certain task or outcome.
✘ When creating teams, choose people with wide differences in rank within the organization.
Motivating workers through ________ relies on the workers desiring personal growth and having the necessary skills.
Answers
Motivating workers through task variety relies on the workers desiring personal growth and having the necessary skills.
Task varietyTask variety is the extent to which employees are able to perform a wide range of tasks and refers to the use of different skills and variety in their job content.
How it helps workers ?It helps the works by motivating them and help them in becoming more creative. It will make the workers capabe of handling different situations at different problems.
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