Answer:
Will do !
Explanation:
Only cause u asked nicely ;3
Hope have a wonderful day !
Sleepy~
ANSWER THIS AND ILL CASH APP YOU !! ( has to be at least 2000 words and make sense)
Imagine you are an executive for a Fortune 500 company and you are preparing a presentation for the board of directors about the organization’s direction. Choose an organization that is a public company to write this assignment.
There is no shortage of schools for businesspeople of every specialty: accountants, engineers, financiers, technologists, information specialists, marketers, and, of course, general managers, who have their choice of hundreds, if not thousands, of M.B.A. programs. But where is the school for the person in charge of getting the best results from all these members of the organization? There is no school for CEOs—except the school of experience. Chief executives must learn on the job how to lead a company, and they must learn while every stakeholder is watching.
The CEO’s job is like no other in the organization. It is infinite. Senior executives are, by definition, ultimately responsible for every decision and action of every member of the company, including those decisions and actions of which they are not aware. CEOs—even new ones—are allowed few mistakes. Not surprisingly, research shows that between 35% and 50% of all CEOs are replaced within five years. That is a costly proposition for any organization, for no company can lose its leader without losing some sense, even temporarily, of its identity and direction.
Two years ago, our interest in the role of the CEO prompted us to begin an extensive study of how senior executives lead. Over 12 months, we interviewed 160 chief executives around the world, most of whom were running major corporations in industries as diverse as gold mining, computers, and soft drinks. Our goal was to examine the set of attitudes, activities, and behaviors that determined how those executives managed their organizations. To be honest, going into the project we hypothesized that there might turn out to be 160 different approaches to leadership. There were not. Only 5 distinct approaches emerged from our data.
No matter where a company is located or what it makes, its CEO must develop a guiding, over-arching philosophy about how he or she can best add value. This philosophy determines the CEO’s approach to leadership. By approach, we mean which areas of corporate policy—for example, strategic planning, R&D, or recruiting—receive the most attention, what kind of people and behaviors the CEO values in the organization, which decisions the CEO makes personally or delegates, and how he or she spends each day. A leadership approach is a coherent, explicit style of management, not a reflection of personal style. This is a critical distinction. (See the sidebar “What’s Personality Got to Do with It?”) We found that in effective companies, CEOs do not simply adopt the leadership approach that suits their personalities but instead adopt the approach that will best meet the needs of the organization and the business situation at hand. Is the industry growing explosively or is it mature? How many competitors exist and how strong are they? Does technology matter and, if so, where is it going? What are the organization’s capital and human assets? What constitutes sustainable competitive advantage, and how close is the organization to achieving it? The answers to questions such as these determine which of the following five leadership approaches an effective CEO will adopt.
1. The Strategy Approach.
CEOs who use this approach believe that their most important job is to create, test, and design the implementation of long-term strategy, extending in some cases into the distant future. Their position overseeing all areas of the corporation, they explain, gives them the unique ability to determine their organizations’ allocation of resources and optimal direction. On a day-to-day basis, they spend their time in activities intended to ascertain their organizations’ point of departure (the current business situation) and point of arrival (the most advantageous market position in the future). These CEOs devote approximately 80% of their time to matters external to the organization’s operations—customers, competitors, technological advances, and market trends—as opposed to internal matters such as hiring or control systems. It follows, then, that they tend to value employees to whom they can delegate the day-to-day operation of their organizations as well as those who possess finely tuned analytical and planning skills.
2. The Human-Assets Approach.
In marked contrast to CEOs in the above group, human-assets CEOs strongly believe that strategy formulation belongs close to the markets, in the business units. According to these CEOs, their primary job is to impart to their organizations certain values, behaviors, and attitudes by closely managing the growth and development of individuals. These executives travel constantly, spending the majority of their time in personnel-related activities such as recruiting, performance reviews, and career mapping. Their goal is to create a universe of satellite CEOs: people at every level of the organization who act and make decisions as the CEO would.
Choose a company of your choice
To maintain effective levels of competition in as many markets as possible, the government enforces ______.
antitrust laws
monopolies
mergers
Select the qualification that is best demonstrated in each example. Sonny spends a lot of time each day filing paperwork. Vikki prints multiple copies of a report for a meeting. Basil greets customers who visit his company. Asia schedules appointments for her boss.
Answer:
1. patience
2. office technology skills
3. verbal communication skills
4. organizational skills
Explanation:
Answer:here's the answer for this question
Explanation:edge2023
How is planning made and why is it importante
it's important to plan ahead so that you know what you're getting yourself into.
1. The point at which quantity demanded and quantity supplied are equal:______
2. The financial and opportunity costs con- sumers pay in searching for a good or service:_____
3. A system of allocating scarce goods and services by criteria other than price:_______
4. A sudden drop in the supply of a good:_______
5. Any situation in which quantity supplied exceeds quantity demanded:________
6. Any situation in which quantity demanded exceeds quantity supplied:________
7. A government-mandated minimum price that must be paid for a good or service:_________
Answer:
1. Market Equilibrium, 2. Interest Rate, 3. Rationing, 4. Supply Shock, 5. Excess Supply, 6. Excess Demand, 7. Price Floor
Explanation:
1. The point at which quantity demanded and quantity supplied are equal: Market Equilibrium
2. The financial and opportunity costs consumers pay in searching for a good or service : Interest Rate
3. A system of allocating scarce goods and services by criteria other than price: Rationing
4. A sudden drop in the supply of a good: Supply (decrease - leftward shift) shock
5. Any situation in which quantity supplied exceeds quantity demanded: Excess Supply
6. Any situation in which quantity demanded exceeds quantity supplied: Excess Demand
7. A government-mandated minimum price that must be paid for a good or service: Price Floor (Minimum Support Price)
What should a food worker do to prevent chemical hazards from contaminating food?
O a. Wear gloves when working with ready-to-eat foods
O b. Remove pits from cherries and immediately discard them
O c. Store cleaning solutions in a utility closet away from food
O d. Clean and sanitize cutting boards after cutting raw chicken
Answer:
c. Store cleaning solutions in a utility closet away from food
Explanation:
The best way to prevent food from getting contaminated by chemicals is to separate the two as much as possible. Deliberate actions should be taken to ensure that items containing chemicals such as cleaning materials and sanitizers are not in close contact with food.
During cleaning, food items should be kept at a safe distance. Surfaces should be left to dry before food preparation begins. Cleaning materials should have a lockable place away from the kitchen.
How does comparative advantage influence international trade?
A. Comparative advantage helps countries produce a wide variety of goods for
trade.
B. Comparative advantage encourages countries to limit the foreign goods they
import.
C. Comparative advantage determines which goods a country should produce
for export.
D. Comparative advantage restricts the possible trade partners for most
countries.
Answer:
C. Comparative advantage determines which goods a country should produce for export.
Explanation:
Just got it right on my quiz!
Comparative advantage determines which goods a country should produce for export. Thus, option 'C' is the correct option.
What is Comparative Advantage?When a nation can produce an item or service at a lower opportunity cost than another nation, it is said to have a comparative advantage in economics. Political economist David Ricardo is credited with developing the concept of comparative advantage in his work Principles of Political Economy and Taxation (1817). A fundamental tenet of international commerce is comparative advantage, which serves as the foundation for the positive economic effects of free trade on nations.
The idea of comparative advantage demonstrates that trade may still be advantageous to both trading partners even when one country has an absolute advantage in producing products. Understanding the concept of an opportunity cost is essential to comprehending the principle of a comparative advantage.
Learn more about Comparative Advantage, here:
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Most employers list only the most significant employee tasks in a job description.
False
True
Answer:
its false
Explanation:
just took quiz on edge 2020
Concept check 1. 54/32 converted to a mixed number is ________. 22/32 1.6875 1/38 1 22/32 2. The product of one and four thirty-seconds and twenty thirty-seconds is ________. 1 24/32 45/64 56/32 720 3. One and eight thirty-seconds divided by twelve thirty-seconds is ________. 480/1024 20/1024 3 1/3 3 40/32 4. A u.S. Treasury bond is trading at 98 and 6/32. Convert this price to its decimal form. 98.19 96.63 9/86 98.06 5. What is the percentage increase if the s&p 500 index is currently trading at 1,100 and rises 55 points? 4.5% 5% 55% 5.5%
Answer and Explanation:
The computation is shown below:
The thirty seconds in the case of quoting the price of the bond in the jargon is 1 ÷ 32
1. The 54 ÷ 32 be converted to a mixed number i.e.
= 32 × 1 + 22
= 54
The above represents the dividend
Here the quotient should be remaining left on the top and the divisor should be at the bottom
So it would be 1 22 ÷ 32
2. The product of one and four thirty second and twenty seconds is
= (1 + 4 ÷ 32) × (20 ÷ 32)
= (36 ÷ 32) × (20 ÷ 32)
= 45 ÷ 64
3. One and eight thirty seconds divided by twelve thirty seconds, So
= (1 +8 ÷ 32) ÷ (12 ÷ 32)
= (40 ÷ 32) ÷ (12 ÷ 32)
= 10 ÷ 3
= 3 1 ÷ 3
4. Now treasury bond converted into decimal would be
= 98 + 6 ÷ 32
= 98.1875
= 98.19
5. The percentage increase is
= 55 ÷ 1,100 × 100
= 5%
Mary is interested in investing in the stock market, but having studied the Great Depression in school, she is afraid she could lose all of her money. She reads through the finance pages of the newspaper and sees that unemployment has dropped to the lowest level it has been in the past ten years, new businesses are opening, housing sales are up because interest rates are level, and the national debt is decreasing. If the economy is her only concern about buying stock, should she buy stock?
A) The level of unemployment, the rise in new business starts, the increase in housing sales, and the decrease in national debt indicate that the economy is growing so it would be a good time to buy stock.B) In spite of all of the positive indicators, it is never a good time to buy stock.C) The stock market works independent of unemployment, business starts, housing sales, and the level of the national debt so these things will not influence the rise or fall of the market.D) Mary should not base her decision to buy stock on the factors indicated, she should base it solely on the consumer price index.
Answer:
A) The level of unemployment, the rise in new business starts, the increase in housing sales, and the decrease in national debt indicate that the economy is growing so it would be a good time to buy stock.
Explanation:
Mary should definitely buy stock. All the economic indicators that are doing well according to the financial paper are what is known as leading indicators: indicators whose tendency more or less predicts the tendency of the general economy in the short-term.
In other words, all the signs are indicating that the economy will continue to be strong for a good amount of time, time that Mary can use not only to buy stock, but also to reap the benefits from the stock.
The following information is available for Cheyenne Corp..
2022 2021
Current assets $ 56,880 $ 39,625
Total assets 242,000 207,000
Current liabilities 23,700 31,700
Total liabilities 70,180 84,870
Net income 81,700 51,615
Net cash provided by operating activities 91,700 57,700
Preferred dividends 9,705 9,705
Common dividends 4,700 3,200
Expenditures on property, plant, and equipment 28,700 13,700
Common shares outstanding at beginning of year42,000 31,700
Common shares outstanding at end of year 77,000 44,500
(a) Compute earnings per share for 2022 and 2021 for Cheyenne. (Round Earnings per share to 2 decimal places, e.g. $2.78.) 2022 2021
Earnings per share
$enter a dollar amount rounded to 2 decimal places $enter a dollar amount rounded to 2 decimal places
(b) Compute the current ratio and debt to assets ratio for each year. (Round ratio answers to 2 decimal places, e.g. 15.25 and percentage answers to 0 decimalplaces, e.g. 15%.)
2022 2021
Current ratio
enter current ratio rounded to 2 decimal places :1 enter current ratio rounded to 2 decimal places :1
Debt to assets ratio
enter percentages rounded to 2 decimal places % enter percentages rounded to 2 decimal places %
(c) Compute free cash flow for each year.
2022 2021
Free cash flow
$enter a dollar amount $enter a dollar amount
Answer:
(a) Earnings per share for 2022 and 2021 for Cheyenne are as follows:
Earnings per share for 2002 = $1.21
Earnings per share for 2001 = $1.10
(b) The current ratio and debt to assets ratio for each year are as follows:
Current ratio for 2002 = 2.40
Current ratio for 2001 = 1.25
Debt to assets ratio for 2002 = 29%
Debt to assets ratio for 2001 = 41%
(c) Free cash flow for each year are as follows:
Free cash flow for 2002 = $63,000
Free cash flow for 2001 = $44,000
Explanation:
(a) Compute earnings per share for 2022 and 2021 for Cheyenne. (Round Earnings per share to 2 decimal places, e.g. $2.78.)
These can be calculated using the following formula:
Earnings per share = (Net income - Preferred dividends) / Average shares outstanding ..................... (1)
Where;
Average common shares outstanding = (Common shares outstanding at beginning of year + Common shares outstanding at end of year) / 2
Using equation (1), we have:
Earnings per share for 2002 = (81,700 - 9,705) / ((42,000 + 77,000) / 2) = $1.21
Earnings per share for 2001 = (51,615 - 9,705) / ((31,700 + 44,500) / 2) = $1.10
(b) Compute the current ratio and debt to assets ratio for each year. (Round ratio answers to 2 decimal places, e.g. 15.25 and percentage answers to 0 decimal places, e.g. 15%.)
These can be calculated using the following formula:
Current ratio = Current assets / Current liabilities ................... (2)
Debt to assets ratio = (Total liabilities / Total assets) * 100 .............. (3)
Using equation (2), we have:
Current ratio for 2002 = 56,880 / 23,700 = 2.40
Current ratio for 2001 = 39,625 / 31,700 = 1.25
Using equation (3), we have:
Debt to assets ratio for 2002 = (70,180 / 242,000) * 100 = 29%
Debt to assets ratio for 2001 = (84,870 / 207,000) * 100 = 41%
(c) Compute free cash flow for each year.
These can be calculated using the following formula:
Free cash flow = Net cash provided by operating activities - Expenditures on property, plant, and equipment .................(4)
Using equation (4), we have:
Free cash flow for 2002 = $91,700 - $28,700 = $63,000
Free cash flow for 2001 = $57,700 - $13,700 = $44,000
how can we build up strong analytical skill discuss
Answer:
hope help you
Explanation:
Here are several ways you can improve your analytical skills:
Read more. An important part of being analytical involves being alert and remaining stimulated. ...
Build your mathematical skills. ...
Play brain games. ...
Learn something new. ...
Be more observant. ...
Join a debate club. ...
Take an exercise class. ...
Keep a journal.
THERE ARE TEN BUTTONS ON THE TABLE
Answer:
what
Explanation:
..............................cool................
Bernd Pischetsrieder, chief executive of Volkswagen, announced restructuring plans for the company. VW is Europe's largest carmaker and needed to make itself profitable once again. To do so, VW cut thousands of jobs in the ensuing years through natural attrition, early retirement, and buying workers out of their contracts. The carmaker also considered whether its component parts factories in Brunswick, Kassel, and Wolfsburg were helping VW accomplish its organizational goal. Pischetsrieder blamed much of the company's problems on restructuring that was done in 1993. He insisted that the company is missing a whole generation of managers because its former CEO eliminated a whole layer of management. Now, 45 percent of managers were expected to go into retirement in the following three or four years.
1. Refer to Volkswagen. VW is examining the ____ of its component parts factories.
a. efficiency.
b. synergy.
c. effectiveness.
d. autonomy.
e. reliability.
2. Refer to Volkswagen. The restructuring efforts mainly involved which of the management functions?
a. leading.
b. commanding.
c. resource allocation.
d. organizing.
e. controlling.
3. Refer to Volkswagen. Bernd Pischetsrieder exercised the organizing function when he made decisions about how to replace retiring managers. His decisions will, in turn, affect which management function as new managers come on board?
a. leading.
b. commanding.
c. resource allocation.
d. organizing.
e. controlling.
4. Refer to Volkswagen. Bernd Pischetsrieder is an example of a:
a. supervisor.
b. middle manager.
c. first-line manager.
d. team leader.
e. top manager.
5. Refer to Volkswagen. In making his announcement about restructuring, Pischetsrieder assumed the ____ role.
a. figurehead.
b. spokesperson.
c. liaison.
d. disseminator.
e. monitor.
6. Refer to Volkswagen. In late September, Pischetsrieder flew to Brussels to meet with employees at a VW plant and explain his plans for improving the company's profitability. In this example, the CEO assumed the role of:
a. figurehead.
b. spokesperson.
c. liaison.
d. disseminator.
e. monitor.
Answer:
1.- c. effectiveness.
2.-d. organizing
3.-a. leading
4.-e. top manager.
5.-b. spokesperson.
6.-d. disseminator
Explanation:
1.-Effectiveness is the capability of producing a desired result or the ability to produce desired output.
2.-Organizing is the establishment of effective authority relationships among selected work, persons and work places in order for the group to work together efficiently.
3.-Leading is the use of influence to motivate employees to achieve organizational goals.
5.-A spokesperson, is someone engaged or elected to speak on behalf of others
6.-d disseminator – This is where you communicate potentially useful information to your colleagues and your team
Removing workplace barriers for women and accommodating employees who are physically challenged are ways a business can contribute to (a)environmental protection (b) job safety © workplace diversity (d) employee wellness
Answer:
workplace diversity
Explanation:
Workplace diversity is the term used to describe a workplace whose employees are composed of varying characteristics, such as gender, age-group, race, ethnicity, sexual orientation, and other attributes. Workplace diversity is achieved through the employer’s deliberate actions to incorporate people from diverse backgrounds.
Workplace diversity improves a company’s reputation and brings on board various perspectives in decision making. It also adds creativity and problem-solving skills to the company.
The intangible assets section of Marigold Corporation's balance sheet at December 31, 2022, is presented here.
Patents ($71,800 cost less $7,180 amortization) $63,400
Copyrights ($50,500 cost less $39,400 amortization) 11,100
Total $74,500
The patent was acquired in January 2022 and has a useful life of 10 years. The copyright was acquired in January 2016 and also has a useful life of 10 years. The following cash transactions may have affected intangible assets during 2023.
Jan. 2 Paid $45,000 legal costs to successfully defend the patent against infringement by another company.
Jan.- June Paid $43,000 to a quarterback to appear in commercials advertising the company's products. The commercials will air in September and October.
Sept. 1 Paid $43,000 to a quarterback to appear in commercials advertising the company's products. The commercials will air in September and October.
Oct. 1 Acquired a copyright for $257,000. The copyright has a useful life and legal life of 50 years.
Prepare journal entries to record the 2023 amortization expense for intangible assets.
Answer:
Journal entries to record the 2023 amortization expense for intangible assets.
Date Accounts Titles and Explanation Debit Credit
Dec 31 Amortization Expense—Patents $14,180
($71,800*1/10 + $45,000 * 1/9
+ $40,000*1/10*6/12)
Patents $14,180
(To record amortization of patents)
Dec 31 Amortization Expense - Copyrights $6,335
($50,500*1/10 + $257,000*1/50*3/12)
Copyright $6,335
(To record amortization of copyrights)
does anybody know how to make a legit website from scratch and for free?
if you have a business and have made a website using a free online web builder let me know what site you used and some tips.
- thanks
Answer:
Wix
Explanation:
I once made a website for free on Wix. However, the url was long and was the email that I used. If you do use wix, create an email with what you want your email to be. I hope this helps you out.
Ricardo is the human resources manager at Shafewn, an e-commerce site. He confirms the completion of the probationary periods of management trainees in the company only after each of them submits a report on the company's marketing strategies. In the reports, they are asked to evaluate the company's existing marketing strategies and suggest better ones. Ricardo shares the relevant and useful information from these reports with the marketing team of Shafewn. In the context of managerial roles, which of the following roles does Ricardo illustrate in this scenario?
A) The leader role.
B) The liaison role.
C) The disseminator role.
D) The monitor role.
Answer:
C) The disseminator role.
Explanation:
The disseminator role is the role where the communication of the information i.e. useful is communication to the team mate and the colleagues. Here the person is responsible for communicating the information with respect to the organization and its goals
So as per the given situation since Richardo shares the useful information i.e. relevant so this represents that Richardo having a disseminator role
Therefore the option c is corredct
The table shows the terms of a fixed-rate mortgage.
Which accurately describes the terms of this mortgage? Check all that apply.
The homeowner is borrowing $360,000.
The monthly interest rate is 4 percent.
Monthly payments must be made for 30 years.
The annual interest rate is 4.8 percent.
The homeowner is borrowing $200,000.
Monthly payments must be made for 360 years.
The fixed-rate mortgage concept is used in home loans. Monthly payments for 30 years, the interest rate is 4.8%, and borrowing $200,000.
What is a fixed-rate mortgage?It is usually used in home loans with a fixed interest rate during the term of the loan. It is beneficial because once the rate of interest is fixed it is not influenced by the increase in the rate in the future.
C - Monthly payments for 30 years.
D - The interest rate is 4.8 % annually
E - borrowing $200,000.
Therefore, options C, D, and E explain the fixed-rate mortgage.
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why education and training important in professional I am give reason
Answer:
A training program allows you to strengthen those skills that each employee needs to improve A development program brings all employees to a higher level so they all have similar skill and knowledge .This help to reduce any weak links within the company who rely heavily on others to complete others basic work or tasks. So education and training is important in profession.
What is illustrated by the long-run aggregate supply (LRAS) curve and the production possibilities curve (PPC)?
Candace works for a small marketing firm that focuses on ads that pop up on social media web pages. Candace most
likely works in
O Marketing Research.
O Professional Sales.
O E-Marketing.
O Distribution and Logistics.
Answer:
O E-Marketing.
Explanation:
E-marketing is Electronic marketing. It is also known as online marketing and refers to marketing done through the internet. E-marketing combines traditional marketing concepts with modern technology. It involves marketing a company's products and services through the internet using computers and mobile devices as mediums.
Answer:
E-Market
Explanation:
Did on edge
HEY guys can yall help me im trying to get caught up on school work before november 30.
What techniques are required to accept constructive criticism? Select all that apply.
A. not interrupting or speaking until the other person is finished making a point
B. filing a formal complaint with human resources to make sure your point of view is documented
C. not frowning, sneering, or defensively folding arms in front of you
Answer:
i think its letter A and C
Michael operates his health food store as a sole proprietorship out of a building he owns. Based on the following information regarding Year 6, compute his net self-employment income (for SE tax purposes) for Year 6.Gross receipts $100,000Cost of Goods Sold 49,000Utilities 6,000Real estate taxes 1,000Gain on sale of business truck 2,000Depreciation expense 5,000Section 179 expense 1,000Mortgage interest on building 7,000Contributions to Keogh retirement plan 2,000Net operating loss (NOL) from Year 5 10,000a. $24,000b. $16,000c. $31,000d. $14,000
Answer:
c. $31,000
Explanation:
Calculation for the Net self-employment income
Gross receipts $100,000
Less Cost of goods sold ($49,000)
Less Depreciation expense ($5,000)
Less Utilities($6,000)
Less Real estate taxes ($1,000)
Less Sec. 179 expense ($1,000)
Less Mortgage interest ($7,000)
Net self-employment income $ 31,000
Therefore the Net self-employment income will be $ 31,000
Which of the following is a true statement regarding operating costs:
They are fixed expenses.
They are not directly related to production.
They occur once or twice a year.
Only some businesses have them.
Answer:
They are not directly related to production.
Explanation:
Operating expenses are the costs incurred in running the affairs of a business on a day-to-day basis. They refer to the expenses associated with the maintenance and administration of a business. Operating expenses are also operational costs and include rent, machinery, payroll services, utilities, uniforms, and office supplies. operating cost also covers overhead expenses as well as the cost of goods sold
The stockholders’ equity accounts of Culver Corporation on January 1, 2022, were as follows.
Preferred Stock (7%, $100 par noncumulative, 8,000 shares authorized) $480,000
Common Stock ($4 stated value, 480,000 shares authorized) 1,600,000
Paid-in Capital in Excess of Par Value—Preferred Stock 24,000
Paid-in Capital in Excess of Stated Value—Common Stock 768,000
Retained Earnings 1,100,800
Treasury Stock (8,000 common shares) 64,000
During 2022, the corporation had the following transactions and events pertaining to its stockholders’ equity.
Feb. 1 Issued 8,000 shares of common stock for $48,000.
Mar. 20
Purchased 1,600 additional shares of common treasury stock at $7 per share
Oct. 1 Declared a 7% cash dividend on preferred stock, payable November 1.
Nov. 1 Paid the dividend declared on October 1.
Dec. 1 Declared a $0.50 per share cash dividend to common stockholders of record on December 15, payable December 31, 2022.
Dec. 31 Determined that net income for the year was $450,000. Paid the dividend declared on December 1.
(a) Journalize the transactions. (Include entries to close net income and dividends to Retained Earnings.)
(b) Enter the beginning balances in the accounts and post the journal entries to the stockholders' equity accounts. (Use T-accounts.)
(c) Prepare the stockholders' equity section of the balance sheet at December 31, 2017.
(d) Calculate the payout ratio, earnings per share, and return on common stockholders' equity. (Note: Use the common shares outstanding on January 1 and December 31 to determine the average shares outstanding.)
Answer:
a) Feb. 1 Issued 8,000 shares of common stock for $48,000.
Dr Cash 48,000
Cr Common stock 32,000
Cr Paid-in Capital in Excess of Stated Value - Common Stock 16,000
Mar. 20 Purchased 1,600 additional shares of common treasury stock at $7 per share
Dr Treasury stock 11,200
Cr Cash 11,200
Oct. 1 Declared a 7% cash dividend on preferred stock, payable November 1.
Dr Retained earnings (4,800 x 100 x 7%) 33,600
Cr Preferred dividends payable 33,600
Nov. 1 Paid the dividend declared on October 1.
Dr Preferred dividends payable 33,600
Cr Cash 33,600
Dec. 1 Declared a $0.50 per share cash dividend to common stockholders of record on December 15, payable December 31, 2022.
Dr Retained earnings (398,400 x $0.50) 199,200
Cr Common dividends payable 199,200
Dec. 31 Determined that net income for the year was $450,000. Paid the dividend declared on December 1.
Dr Common dividends payable 199,200
Cr Cash 199,200
Dr Income summary 450,000
Cr Retained earnings 450,000
b) T-accounts
Common stock
debit credit
$1,600,000
$32,000
$1,632,000
Paid-in capital in excess of par value - common stock
debit credit
$768,000
$16,000
$784,000
Treasury stocks
debit credit
$64,000
$11,200
$75,200
Retained earnings
debit credit
$1,100,800
$33,600
$199,200
$450,000
$1,318,000
Preferred stocks
debit credit
$480,000
Paid-in Capital in Excess of Stated Value - Common Stock
debit credit
$24,000
c) Stockholders' equity section
Paid-in capital:
Preferred Stock (7%, $100 par $480,000
noncumulative, 8,000 shares authorized)
Paid-in Capital in Excess of Par $24,000 $504,000
Value - Preferred Stock
Common Stock ($4 stated value, $1,632,000
480,000 shares authorized)
Paid-in capital in excess of par $784,000 $2,416,000
value - common stock
Total paid-in capital $2,920,000
Retained Earnings $1,318,000
Treasury Stock (9,600 common shares) ($75,200)
Total stockholders' equity $4,162,800
d) payout ratio = dividends per share / EPS
dividends per share = $0.50
EPS = $1.04
payout ratio = $0.50 / $1.04 = 0.48 = 48%
EPS = (net income - preferred dividends) / weighted average shares outstanding
net income = $450,000
preferred dividends = $33,600
weighted average shares outstanding = 400,000 - 8,000 + (8,000 x 11/12) - (1,600 x 79/365) = 398,987
EPS = ($450,000 - $33,600) / 398,987 = $1.0436 ≈ $1.04
return on common stockholders' equity = (net income - preferred dividends) / average stockholder's equity
average stockholders' equity = ($3,404,800 + $3,658,800) / 2 = $3,531,800
return on common stockholders' equity = $416,400 / $3,531,800 = 0.1179 = 11.79%
5. Score Skateboard Company is a small firm that designs and manufactures skateboards for high school and college students who want effective, fast transportation around campus. Score has two employees who receive $1,100.00 gross pay per semimonthly pay period and four employees who receive $850.00 gross pay per semimonthly pay period. The company owner and manager, Christie, needs to determine how much to include in her budget for each employee. Starting in January, Score will be contributing $75.00 per pay period to each employee's retirement fund. a. Calculate the cost to Score for an employee with $1,100.00 gross pay in the first pay period in January. b. Calculate the cost to Score for an employee with $850.00 gross pay in the first pay period in January. c. Calculate the total gross semimonthly pay for all six employees.
Answer:
(a) Cost to Score for an employee with $1,100.00 gross pay is $1,175.00.
(b) Cost to Score for an employee with $850.00 gross pay is $925.00.
(c) Total gross semimonthly pay for all six employees is $6,050.
Explanation:
The questions can be answered as follows:
a. Calculate the cost to Score for an employee with $1,100.00 gross pay in the first pay period in January.
This can be calculated as follows:
Cost to Score for an employee with $1,100.00 gross pay = Gross pay + Contribution to retirement fund = $1,100.00 + $75.00 = $1,175.00
b. Calculate the cost to Score for an employee with $850.00 gross pay in the first pay period in January.
This can be calculated as follows:
Cost to Score for an employee with $850.00 gross pay = Gross pay + Contribution to retirement fund = $850.00 + $75.00 = $925.00
c. Calculate the total gross semimonthly pay for all six employees.
This can be calculated as follows:
Cost to Score for 2 employee with $1,100.00 gross pay = $1,175.00 * 2 = $2,350
Cost to Score for 4 employee with $850.00 gross pay = $925.00 * 4 = $3,700
Total gross semimonthly pay for all six employees = Cost to Score for 2 employee with $1,100.00 gross pay + Cost to Score for 4 employee with $850.00 gross pay = $2,350 + $3,700 = $6,050
discuss four circumstances under which state control of private business are justified
Esmerelda simplified a complex fraction. Her work is shown below.  What errors did Esmerelda make? Select three options. Esmerelda converted the mixed number to the wrong improper fraction. Esmerelda added the numerators. Esmerelda added the denominators. Esmerelda did not divide –24 by 6 correctly. Esmerelda did not use the reciprocal of the divisor.
Picture relating to the question is attached below :
Answer:
Esmerelda did not use the recipro al of the Divisor.
Esmerelda added the numerator
Esmerelda added the denominator
Explanation:
Esmerelda's work:
-5 1/4 ÷ 3/2= -21/4 ÷3/2 = (-21/4)(3/2) = -24/6 = - 4
Esmerelda's errors:
When changing the quotient sign to multiplication ; the reciprocal of the denominator should be used to divide the numerator :
Hence,
-21/4 ÷3/2 = (-21/4)(3/2) (wrong expression)
-21/4 ÷3/2 = (-21/4)(2/3) (correct expression)
Also,
(-21/4)(3/2) = -24/6 ( wrong simplification)
The bracket symbol indicates multiplication. Hence, the values should be multiplied. The two Numerator values and the two denominator values.
Answer:
Esmerelda added the numerators. Esmerelda added the denominators.Esmerelda did not use the reciprocal of the divisor. Explanation:
When multiplying fractions, you are not to add them up as Esmerelda did. Rather you are to multiply them. The same goes for denominators as well.
If you want to divide a fraction by another fraction, you are to use the reciprocal of the divisor to multiplier the fraction to be divided. In this instance therefore, Esmerelda should have multiplied -21/4 by 2/3 which is the reciprocal of 3/2.
The correct working should have been:
[tex]= \frac{-\frac{21}{4} }{\frac{3}{2} } = (-\frac{21}{4}) (\frac{2}{3}) = -\frac{42}{12} = -3.5[/tex]
Suppose that the required reserve ratio is 7.00%. What is the simple money (deposit) multiplier? Round to two
decimal places.
Answer:
14.29
Explanation:
Given
Reserve Ratio (R) = 7.00%
Required
Calculate the deposit multiplier (M)
To calculate simple money multiplier (M), we make use of the following formula.
M = 1/R
Where
R represent the reserve ratio
Substitute 7.00% for R
M = 1/7.00%
Convert % to decimals
M = 1/0.07
M = 14.29 ---- Approximated
Hence, the simple money multiplier is 14.29