Answer:
B. Loss on sale is $12,500
Explanation:
The equipment purchase on 1st January 2018. The equipment is sold of 1st July 2020. The duration for accumulated depreciation is 2.5 years. Using straight line method the depreciation will be:
[ 1,600,000 - 130,000 ] / 8 years * 2.5 years = 612,500
The book value for the equipment is 1,600,000 - 612,500 = 987,500
The equipment is sold for 1,000,000
There is gain on disposal of 12,500.
When using the cost of production report to analyze the change in direct materials cost per equivalent unit compared to conversion cost per equivalent unit, an investigation may reveal that direct materials costs a.may increase while conversion costs decrease because the two are separately calculated and depend on separate costs. b.will never decrease when conversion costs decrease. c.always increase between periods if conversion costs increase. d.always decrease between periods if conversion costs increase.
Answer: a.may increase while conversion costs decrease because the two are separately calculated and depend on separate costs.
Explanation:
When the cost of production report is being used to analyze change in direct materials cost per equivalent unit when compared to the conversion cost per equivalent unit, we should note that an investigation may end up showing that the fluctuation in the the direct materials costs which then brings about an increase or a decrease.
Therefore, the correct option is A "may increase while conversion costs decrease because the two are separately calculated and depend on separate costs".
What are the different forms of technology?
Answer:
1. Communication Technology
2. Construction Technology
3. Product Technology
4. Medical Technology
5. Architecture Technology
6. Business Technology
7. Educational Technology
8. Information Technology
9. Space Technology
10. Artificial Intelligence
11. Robotics Technology
12. Superintelligence
13. Agriculture Technology
14. Assistive Technology
15. Operation Technology
16. Entertainment Technology
Explanation:
let me know if you want more forms and i will add more but plz mark brainlyest
Pina Football Shop began operations on January 2, 2017. The following stock record card for footballs was taken from the records at the end of the year.
Date Voucher Terms Units Received Unit Invoice Cost Gross Invoice
Amount
1/15 10624 Net 30 67 $28 $1,876
3/15 11437 1/5, net 30 82 23 1,886
6/20 21332 1/10, net 30 107 21 2,247
9/1 227644 1/10, net 30 101 17 1,717
11/24 31269 1/10, net 30 93 16 1,488
Totals 450 $9,214
A physical inventory on December 31, 2017, reveals that 111 footballs were in stock. The bookkeeper informs you that all the discounts were taken. Assume that Pina Football Shop uses the invoice price less discount for recording purchases.
(a) Compute the December 31, 2017, inventory using the FIFO method.
B.) Compute the 2017 cost of goods sold using the LIFO method.
Answer:
A. FIFO $1,794
B. LIFO $6,326
Explanation:
(a) Computation for the December 31, 2017, inventory using the FIFO method
Value of closing Stock
93 Footballs purchased in November = 93 * $16 93 Footballs purchased in November= $1,488
18 Footballs purchased in September= (111-93)* $17
18 Footballs purchased in September= 18* $17
18 Footballs purchased in September= $306
Total Value as on 31 December, 2017 =$1,488+$396
Total Value as on 31 December, 2017=$1,794
Therefore the December 31, 2017, inventory using the FIFO method will be $1,794
B.) Computation for the 2017 cost of goods sold using the LIFO method.
First step is to calculate the Value of closing Stock
67 Footballs purchased in January= 67 * $28
67 Footballs purchased in January = $1,876
44 Footballs purchsed in March= (111-67)* $23
44 Footballs purchsed in March=44*$23
44 Footballs purchsed in March= $1,012
Total Value as on 31 December, 2017=$1,876+$1,012
Total Value as on 31 December, 2017 = $2,888
Now let calculate the Cost of goods sold using this formula
Cost of goods sold
= Gross Invoice amount - Value of closing stock
Let plug in the formula
Cost of goods sold= $9,214 - $2,888
Cost of goods sold= $6,326
Therefore the 2017 cost of goods sold using the LIFO method will be $6,326
define federal deposit insurance corporation.
Spiess Corporation has two major business segments--Apparel and Accessories. Data concerning those segments for December appear below: Sales revenues, Apparel $ 775,000 Variable expenses, Apparel $ 314,000 Traceable fixed expenses, Apparel $ 201,000 Sales revenues, Accessories $ 799,000 Variable expenses, Accessories $ 425,000 Traceable fixed expenses, Accessories $ 128,000 Common fixed expenses totaled $401,000 and were allocated as follows: $172,000 to the Apparel business segment and $229,000 to the Accessories business segment. Required: Prepare a segmented income statement in the contribution format for the company.
Answer:
Spiess Corporation
The segmented income statement in the contribution format for December:
Apparel Accessories Total
Sales revenues, $ 775,000 $ 799,000 $1,574,000
Variable expenses, 314,000 425,000 739,000
Contribution margin $461,000 $374,000 $835,000
Traceable fixed expenses, 201,000 128,000 329,000
Common fixed expenses 172,000 229,000 401,000
Total expenses $373,000 $357,000 $730,000
Net income $88,000 $17,000 $105,000
Explanation:
a) Data and Calculations:
Apparel Accessories
Sales revenues, $ 775,000 $ 799,000
Variable expenses, 314,000 425,000
Traceable fixed expenses, 201,000 128,000
Common fixed expenses 172,000 229,000
b)Spiess' segmented income statement presents the revenues and costs according to the business segments to enable the managers understand how their specific segments are performing vis-a-vis others in Spiess Corporation. It serves as a managerial tool for business insights.
Vaughn Manufacturing records purchases at net amounts. On May 5 Vaughn purchased merchandise on account, $79000, terms 2/10, n/30. Vaughn returned $6700 of the May 5 purchase and received credit on account. At May 31 the balance had not been paid. The amount to be recorded as a purchase return is
Answer:
Vaughn Manufacturing
Purchases at net value ($79000-2%) $77,420.00
Less: Purchase return ($6700-2%) $6,566.00
Net payable $70,854.00
The amount to be recorded as a purchase return is $6,566. When net method is used all purchase is recorded assuming discount will be availed. Similarly when goods are returned that amount is also adjusted with discount.
Chino Company reported net income of $23,000 for the current year. During the year, Inventory decreased by $7,500, Accounts Payable decreased by $8,250, Depreciation Expense was $10,500, and Accounts Receivable increased by $7,000. If the indirect method is used, what is the net cash provided by operating activities?
A). $25,750.
B). $56,250.
C). $42,250.
D). $11,000.
Answer: A). $25,750.
Explanation:
Cash from operating activities refers to cash from the business operations of the company.
Formula is:
= Net Income + Depreciation + Decrease in inventory - Accounts payable decrease - Accounts receivable increase
= 23,000 + 10,500 + 7,500 - 8,250 - 7,000
= $25,750
Explanation:
A). $25,750.
⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀
In this simulation, theoretical utilization of the intensive care unit (ICU) is calculated as the flow rate of patients that arrive for service at the ICU in a given unit of time divided by the ICU’s capacity to serve customers in that same unit of time. You can think about this as demand/capacity. What is the theoretical utilization of the ICU if the mean inter-arrival time is 4 hour(s), the mean length of stay is 6 hour(s), and there are 4 beds in the ICU?
Answer:
The theoretical utilization of the ICU is:
= 0.25 or 25%
Explanation:
Inter-arrival time or flow rate of patients that arrive for service at the ICU = 4 hours
Mean length of stay = 6 hours
ICU's capacity to serve customers in 6 hours = 4*6 = 24 bed-hours
Total demand = 6 hours
Therefore, the theoretical utilization = flow rate of patients that arrive for service at the ICU in a given unit of time divided by ICU's capacity to serve customers in that same unit of time
= 6 hours/24 bed-hours
= 0.25
15. A bottle‐filling operation has a target value of 20 and consistently averages 19.8 with a standard deviation of 0.5. The design engineers have established an upper specification limit of 22 and a lower specification limit of 18. Which statement concerning this process is TRUE? A. The two‐sided specification process capability index is 1.47 B. The one‐sided specification process capability index is 1.33 C. The process must be in control D. None of these is true
Answer:
A. The two sided specification process capability index is 1.47
Explanation:
The formula for calculating process capability index is :
( Upper specification Limit - Average of mean ) / 3 * Standard Deviation
CI = ( 22 - 19.8 ) / 3 * 0.5
CI = 1.47 approximately.
4. Suppose GDP is $15 million, private saving is $3 million, consumption is $8 million, public saving is $2 million. Assume the economy is closed.
(a) Calculate taxes minus transfer payments (T), government purchases (G), national saving (S), and investment (I).
(b) Is the government running a deficit or a surplus.? Explain
Jack and Jill are the only two residents in a neighbourhood, and they would like to hire a security guard. The value of a security guard is $50 per month to Jack and $90 per month to Jill. Irrespective of who pays the guard, the guard will protect the entire neighbourhood and charge $120 per month for the service. Suppose Jack earns $4,000 per month and Jill earns $8,000 per month.
a. With a proportional tax of 1 percent on income, how much would Jack and Jill pay, and would it be enough to pay for the security guard?
Jack would pay $ _____.
Jill would pay $ _____.
This tax _____ be enough to pay for the security guard.
b. Suppose instead that Jack proposes a payment scheme under which Jack and Jill would each receive the same net benefit from hiring the guard. How much would Jack and Jill pay now?
Jack would pay $ _____.
Jill would pay $ _____.
Would both Jack and Jill vote for this scheme? _____
Answer:
Jack and Jill
a. With a proportional tax of 1 percent on income, it would be enough to pay for the security guard $120.
Jack would pay $ __40___.
Jill would pay $ __80___.
This tax _will____ be enough to pay for the security guard.
b. Based on net benefit from the guard:
Jack would pay $ __43___.
Jill would pay $ _ 77____.
Would both Jack and Jill vote for this scheme? __No___ Jack will feel cheated by Jill in the sum of $3. Jack will likely prefer the 1% based on income.
Explanation:
a) Data and Calculations:
Value of a security guard for Jack = $50 per month
Value of a security guard for Jill = $90 per month
Total value of a security guard for both Jack and Jill = $140 ($50 + $90)
Cost of hiring a guard = $120 per month
Jack's monthly earnings = $4,000
Jill's monthly earnings = $8,000
Total monthly earnings for both Jack and Jill = $12,000
a. Proportional tax of 1 percent on income = $120 ($12,000 * 1%)
Jack will pay $4,000 * 1% = $40
Jill will pay $8,000 * 1% = $80
Total = $120
b. Net benefit scheme:
Jack will pay $50/$140 * $120 = $43
Jill will pay $90/$140 * $120 = $77
Total = $120
If the price elasticity of demand for a good is 1.2, then a 3 percent decrease in price results in a
Answer:
3.6%
Explanation:
The price elasticity is 1.2%
The price decreases by 3%
Therefore the quantity supplied can be calculated as follows
= price elasticity × change in price
= 1.2 × 3
= 3.6
Hence this results in 3.6% increase in the quantity demanded
Assume the cholesterol levels in a certain population have mean µ= 200 and standard deviation σ = 24. The cholesterol levels for a random sample of n = 9 individuals are measured and the sample mean x is determined. What is the z-score for a sample mean x = 180?
a. –3.75
b. –2.50
c. −0.83
d. 2.50
The required z-score for the given sample mean would be -0.83. which is the correct answer would be an option (C).
What is Z -score?A Z-score is defined as the fractional representation of data point to the mean using standard deviations.
Given the mean µ= 200 and standard deviation σ = 24. The cholesterol levels for a random sample of n = 9 individuals are measured sample mean is 180.
To determine the Z-score for the given sample mean
⇒ z-score = (X-ц )/σ
Here,
ц = 200
σ = 24
X = 180
Substitute the values in the above formula,
⇒ z-score = (180 - 200)/24
⇒ z-score = -20 /24
⇒ z-score = -0.833
Therefore, the required z-score for the given sample mean would be -0.83.
Hence, the correct answer would be an option (C).
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what is difference between T-Account and a ledger Account?(hint... what dose T-Account not have?)
explain the difference between production control and production planning
Answer:
Planning of the manufacturing process is deciding in advance what to do, how to do, when to do it and who is to do it. Controlling of the manufacturing process measures the digression of actual performance from the standard performance and takes corrective actions.
Explanation:
Suppose your company sells services of $370 in exchange for $205 cash and $165 on account. Required: Prepare the journal entry to record this transaction. Identify the amount that should be reported as net cash flow from operating activities. Identify the amount that would be included in net income. Show how the indirect method would convert net income (requirement 3) to net cash flow from operating activities (requirement 2).
Answer:
1. Journal Entry
Date Particulars Debit Credit
Cash $205
Debtors/Party A/c $165
To Service revenue $370
(Being service income recorded)
2. Net cash Flow = $370 - $165
Net cash Flow = $205
3. Calculation of Net Income
Net Income = Service Income - Expenses
Net Income = $370 - $0
Net Income = $370
4. Computation of how the indirect method convert the net income to net cash flow from operating activities
Particulars Amount
Net Income $370
Increase in accounts receivable ($165)
Net cash flow from operating activities $205
Carey Company owns a plot of land on which burried toxic wastes have been discovered. Since it will require several years and a considerable sum of money before the property is fully detoxified and capable of generating revenues, Carey wishes to sell the land now. It has located two potenital buyers. Buyer A, who is willing to pay $480,000 for the land now, or Buyer B, who is willing to make 20 annual payments of $75,000 each, with the first payment to be made 5 years from today. Assuming that the appropraite rate of interest is 9%, wo whom should Carey sell the land. Show calculations.
Answer:
Carey should accept buyer A's offer
Explanation:
we need to compare the present values of both proposals:
Present value of proposal A = $480,000
Present value of proposal B:
present value of annuity in 5 years = $75,000 x 9.1285 (PVIFA, 9%, 20 periods) = $684,637.50
present value (today) = $684,637.50 / (1 + 9%)⁵ = $444,967.40
The Sisyphean Company is planning on investing in a new project. This will involve the purchase of some new machinery costing $400,000. The Sisyphean Company expects cash inflows from this project as detailed below: Year 1 Year 2 Year 3 Year 4 $157,452.975 / $157,452.975/ $157,452.975/ $157,452.975 The appropriate discount rate for this project is 15%. The internal rate of return (IRR) for this project is closest to ________.
Answer:
21%
Explanation:
Internal rate of return is the discount rate that equates the after-tax cash flows from an investment to the amount invested
IRR can be calculated with a financial calculator
Cash flow in year 0 = $-400,000.
Cash flow in year 1 - 4 = $157,452.975
IRR = 21%
To find the IRR using a financial calculator:
1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.
2. After inputting all the cash flows, press the IRR button and then press the compute button.
Frank is a salesman of Richard Laundry Equipment. He wants to give a presentation to a five star hotel for setting up an in-house laundry system. The hotel manager sent Frank the hotel's requirements and space constraints for a laundry system. Frank prepared a layout which suited the hotel's requirements. Frank has to select an approach for his allotted ten minute presentation. What advice can you give to Frank
Answer: Use customer benefit statements due to the time allotment.
Explanation:
The options include:
a. Use the curiosity approach to generate interest.
b. Open with a demonstration to convince the prospect.
c. Use customer benefit statements due to the time allotment.
d. Use the product approach to make the prospect aware of discounts.
e. Open with the premium approach as the prospect is a five star hotel.
Based on the information given, the advice that'll be given to Mike is to use the customer benefit statements due to the time allotment.
We should note that the benefit statements are typically used in scenarios whereby one knows the critical needs of the customer and there's a short time available for a presentation to be done. Since the Tim tht Frank has is short but he already knows what the hotel wants, then this is the best option.
Frank should use the customer benefit approach for is presentation since he has limited time to complete the same.
What is customer benefit approach?The customer benefit approach refers to an approach that involves prior research before presenting anything before the audience. It focuses on the consumer specific benefit of the product or service that are prompt to be offered.
The customer benefit approach is usually used when there is a time limit for completing the presentation or the assigned task.
In the given case Frank was given 10 minutes to complete his presentation about the in house laundry system in 5 star hotel.
Therefore the appropriate advice is to use customer benefit approaches.
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On May 1, 2020, Richardson Inc. entered into a contract to deliver one of its specialty mowers to Kickapoo Landscaping Co. The contract requires Kickapoo to pay the contract price of $900 in advance on May 15, 2020. Kickapoo pays Richardson on May 15, 2020, and Richardson delivers the mower (with cost of $575) on May 31, 2020.
Required:
a. Prepare the journal entry on May 1, 2020, for Richardson.
b. Prepare the journal entry on May 15, 2020, for Richardson.
c. Prepare the journal entry on May 31, 2020, for Richardson.
Answer:
A. No entry
B. Dr Cash $900
Cr Unearned sales Revenue $900
C. Dr Unearned sales Revenue $900
Dr Cost of goods sold $575
Cr Sales Revenue $900
Cr Inventory $575
Explanation:
A. Preparation of the journal entry on May 1, 2020, for Richardson.
May 1, 2020
No entry
B. Preparation of the journal entry on May 15, 2020, for Richardson.
May 15, 2020
Dr Cash $900
Cr Unearned sales Revenue $900
C Preparation of the journal entry on May 31, 2020, for Richardson.
May 31, 2020
Dr Unearned sales Revenue $900
Dr Cost of goods sold $575
Cr Sales Revenue $900
Cr Inventory $575
Bob is the owner of Apartments Complex. Betty is his manager. Bob informs all tenants in writing as part of their lease that rent may ONLY be paid to Bob and not to Betty. However, over the years, tenants pay Betty directly who gives the rent to Bob. Bob never objects. What types of agency authority does Betty have
Answer: perceived relationship
Explanation:
An agent is referred to as someone who is given authority by the principal and acts in his or her behalf and the agent is also under the control of such person.
From the question, the principal is Bob while Betty is his agent. The relationship that exist in thus case is the perceived relationship which means that the third party that us, the tenants in thus case believe that an agent is authorised by the principal to do a particular work such as collection of rent in this case but in reality thus doesn't exist. They ate not meant to pay to the manager in this case but they acted based on their perception and since the principal didn't complain, they continued doing it.
Multiplication. Phyllis, who is 30 years old, works for We Add for You Accounting. Phyllis has worked there for a number of years and is considering quitting in order to spend more time with her three active triplets, Sunny, Fussy, and Perky. She asks her boss, Bolivar, about the pension plan at We Add for You. Her boss tells her that she is not entitled to that information until she is at least 60 years old. Phyllis also asks about retaining her medical insurance protection if she quits and is told that she would have no right to do so. Bolivar also throws in that he has been monitoring her conversations and that he particularly enjoys the conversations between her and her single female friends involving failed dating experiences. He asks her to keep those up. Phyllis tells him that her personal phone calls are none of his business. Bolivar says that he can listen if he wants because the phones are his. Phyllis ends up starting her own company called We Multiply for You, and makes much, much more money. (In answering the following questions, assume all federal laws apply and that any pension and medical plan qualifies for regulation under federal law.) Which of the following addresses the retention of medical benefits upon leaving a job?
a. The Medical Benefits Retention Act (MBRA)
b. The Comprehensive Medical Benefits Retention Act (CMBRA)
c. The Consolidated Omnibus Budget Reconciliation Act (COBRA)
d. The Health and Maintenance Act (HMA)
e. The Americans with Disabilities Act (ADA)
Answer:
c. The Consolidated Omnibus Budget Reconciliation Act (COBRA)
Explanation:
The act was created and implemented in the year 1985 and that was passed by Congress. In this act it create and retains the medical benefits after leaving the job.
So according to the question the act that should be retained medical benefits upon leaving the job is COBRA
Hence, the correct option is c.
Aqua Corporation uses the weighted average method in its process costing system. Cost data for its work in process department follow:
Materials Conversion
Beginning work in process $67,000 $48,000
Costs added during the period $125,000 $225,000
Assuming equivalent units of production for materials are 90,000 and for conversion are 20,000, the cost per equivalent unit for materials during the period is closest to: ________
a. $3.89
b. $1.75
c. $1.39
d. $2.13
Answer:
See below
Explanation:
The cost per equivalent unit for materials during the period is closest is computed as;
Beginning work in process
$67,000
Add:
Costs added during the period
$125,000
Balance
$192,000
÷
Units of production for materials
90,000
= $2.13
Refer to Table 28-2. The labor-force participation rate of Aridia in 2012 was
O a. 88.9%.
O b. 53.3%
O c. 50%.
O d. 56.25%.
Answer: 56.25%
Explanation:
The labor force participation rate refers to the active workforce of a country. The following information can be derived from the question:
Adult population = 3200
Number of employed = 1600
Number of unemployed = 200
The labor-force participation rate of Aridia in 2012 will be:
= {(Number of employed + Number of unemployed) / Adult population} × 100
= (1600 + 200) / 3200 × 100
= 1800/3200 × 100
= 0.5625 × 100
= 56.25%
Wilson Animal Feeds has developed the following data to calculate lower of cost or market for its products.
Large animals:
Cattle $320 $160
Horse 400 400
Small animals:
Cat $360 $320
Dog 120 90
Exotic pets:
Ferret $140 $112
Iguana 70 48
The costs to sell are 20% of selling price.
Required:
Determine the reported inventory value assuming the lower of cost and net realizable value rule is applied to classes of feeds.
Answer:
The total reported inventory value is $1,130.
Explanation:
Note: The data given the question are sorted and presented properly as follows:
Selling Price Cost
Large animals:
Cattle $320 $160
Horse 400 400
Small animals:
Cat $360 $320
Dog 120 90
Exotic pets:
Ferret $140 $112
Iguana 70 48
Based on the lower of cost and net realizable value rule, we select the lower and determine the reported inventory value as follows:
Details Value ($)
Large animals:
Cattle 160
Horse 400
Small animals:
Cat 320
Dog 90
Exotic pets:
Ferret 112
Iguana 48
Total value 1,130
Therefore, the total reported inventory value is $1,130.
Select the correct answer.
Which product is an athlete more likely to endorse?
A.
wine
B.
fast food
C.
sports drink
D.
tobacco products
Answer:
Which product is an athlete more likely to endorse? Fast Food
Berends corporation makes a product with the following standard costs: standard quantity or hours standard price or rate direct materials 9.2 pounds $3.00 per pound direct labor 0.3 hours $17.00 per hour variable overhead 0.3 hours $3.00 per hour the company reported the following results concerning this product in april. actual output 8,800 units raw materials used in production 78,150 pounds purchases of raw materials 85,900 pounds actual direct labor-hours 2,560 hours actual cost of raw materials purchases $240,520 actual direct labor cost $39,424 actual variable overhead cost $6,912 the company applies variable overhead on the basis of direct labor-hours. the direct materials purchases variance is computed when the materials are purchased.
1. The variable overhead efficiency variance for april is:______.
A. $240 F
B. $216 U
C. $216 F
D. $240 U
2. The materials quantity variance for April is:____.
A. $8,430 U
B. $8,430 F
C. $7,868 U
D. $7,868 F
3. The materials price variance for April is:_______.
A. $17,180 U
B. $16,192 F
C. $16,192 U
D. $17,180 F
4. The labor efficiency variance for April is:_______.
A. $1,232 F
B. $1,360 F
C. $1,360 U
D. $1,232 U
5. The labor rate variance for April is:_______.
A. $4,224 F
B. $4,224 U
C. $4,096 U
D. $4,096 F
The variable overhead rate variance for April is:_______.
A. $792 F
B. $792 U
C. $768 F
D. $768 U
Answer:
1. Variable Overhead Efficiency
= Standard rate * (Actual hours - Standard hours)
= 3 * ( 8,800 * 0.3 - 2,560)
= 3 * 80
= $240 Favorable
2. Materials Quantity Variance:
= Standard price * (Standard quantity - Actual quantity)
= 3 * (8,800 * 9.2 - 78,150)
= 3 * 2,810
= $8,430 favorable
3. Materials price variance:
= Standard cost of purchased materials -Actual cost of purchased materials
= (3 * 85,900) - 240,520
= $17,180 Favorable
4. Labor efficiency variance
= Standard labor rate * ( Actual hours worked - Standard labor hours)
= 17 * ( 2,560 - 8,800 * 0.3)
= 17 * 80
= $1,360 Favorable
5. Labor rate variance:
= (Standard rate * actual hours worked) - Actual labor cost
= 17 * 2,560 - 39,424
= $4,096 favorable
6. Variable Overhead rate variance:
= (Overhead rate * Actual hours) - Overhead cost
= (3 * 2,560) - 6,912
= $768 Favorable
How does communication take place in the United States?
Answer:
Communication is the act of giving, receiving, and sharing information in other words, talking or writing, and listening or reading. Good communicators listen carefully, speak or write clearly, and respect different opinions.
Explanation:
have a nice day T_T
Robert, a highly experienced software engineer, joins a new company as the manager of a large group of employees. In his first meeting with the employees of the new organization, he explains his expectations on the behavior of employees. He also lets the employees know that noncompliance with his norms will result in withholding the rewards that they receive. Which of the following types of power is Robert using here?
a. reward
b. transformational
c. referent
d. coercive
Answer:
reward, maybe even referent
Explanation:
Robert is using rewarding to let people know that they need to work or they won't be rewarded.
Cincy Machinery stock currently sells for $77 per share. The market requires a return of 14 percent while the company maintains a constant 6 percent growth rate in dividends. What was the most recent annual dividend per share paid on this stock (that is, this year's dividend)
Answer:
$5.81
Explanation:
according to the constant dividend growth model
price = d1 / (r - g)
d1 =do(1 + g) = next dividend to be paid
r = cost of equity
g = growth rate
(do x 1.06) / (0.14 - 0.06) = 77
(d0 x 1.06) / 0.08 = 77
Multiply both sides by 0.08
d0 x 1.06 = 6.16
divide both sides by 1.06
d0 = 5.81
