Final answer:
Candor in communication promotes trust, supports a free exchange of ideas, and sets clear expectations, which are all significant benefits that contribute to a healthier, more transparent, and more effective workplace.
Explanation:
Learning to communicate with candor can be challenging, but it brings numerous benefits to an organization, making the effort to develop clear and open communication worthwhile. Several benefits to using candor in communication include:
Employees feel comfortable speaking freely, which fosters a trustworthy environment.It encourages a greater exchange of ideas, promoting organizational learning and innovation.When managers communicate openly, it sets clear expectations, reducing confusion and encouraging alignment with the organization's values and objectives.Emphasizing these benefits can help justify the need to break old habits and adopt more candid communication styles in the workplace. Remember, effectively utilizing these communication skills can enhance collaboration, improve decision-making, and build more robust team dynamics.
Final answer:
Candor in communication ensures employees feel comfortable speaking freely, reduces dissent by providing clarity on acceptable ideas, and promotes a beneficial exchange of ideas leading to organizational learning and innovation. Ethical and forthright communication prevents misunderstandings and increases job satisfaction and employee morale.
Explanation:
The benefits of using candor in communication are numerous and significantly contribute to a more effective and engaged workplace. Among the options provided, the following are benefits that make the effort to communicate with candor worthwhile:
Employees feel comfortable speaking freely, knowing that they can trust their managers. This openness fosters a sense of mutual respect and trust within the organization.When managers are candid, employees quickly learn which ideas are acceptable, leading to more clarity and less dissent.There is a greater exchange of ideas, which promotes learning and innovation in the organization.It is important to note that although candor might initially slow decision making, the resulting decisions are often more well-thought-out and can improve long-term outcomes. Ethical and forthright communication within a company can prevent misunderstandings, increase job satisfaction, and boost employee morale. This can ultimately lead to improved performance and an increase in market value. Option B , C and D are correct .
Before 1837, all states employed mandatory death penalty statutes that required anyone convicted of a designated capital crime to be sentenced to death.
a. True
b. False
Answer:
The statement is TRUE
Jamison Company has the following obligations at December 31: For each obligation, indicate whether it should be classified as a current liability. (Assume an operating cycle of less than one year.) a. A note payable for $100,000 due in 2 years.b. A 10-year mortgage payable of $300,000 payable in ten $30,000 annual payments.c. Interest payable of $15,000 on the mortgage.d. Accounts payable of $60,000.
Answer:
Explanation:
The current liability is that liability in which the obligation is arise for one year or less than one year.
So, the categorization is shown below:
a. A note payable for $100,000 due in 2 years. = It is not a current liability as it is due in 2 years that come under the long term liability
b. A 10-year mortgage payable of $300,000 payable in ten $30,000 annual payments. = Current liability for first annual payment only and rest is consider to be long term liability
c. Interest payable of $15,000 on the mortgage. = Current liability as it is arise within one year
d. Accounts payable of $60,000. = Current liability as it is arise within one year
The current liability is shown on the liabilities side of the balance sheet.
The note payable and mortgage payable are long-term liabilities, while the interest payable and accounts payable are current liabilities.
Explanation:a. The note payable for $100,000 due in 2 years should be classified as a non-current liability as it will not be paid within the operating cycle of the company, which is less than one year.
b. The 10-year mortgage payable of $300,000, payable in ten $30,000 annual payments, should be classified as a long-term liability as the payments extend beyond the operating cycle.
c. The interest payable of $15,000 on the mortgage should be classified as a current liability as it is due within the operating cycle.
d. The accounts payable of $60,000 should be classified as a current liability as it is due within the operating cycle.
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A concern voiced by critics of globalization is that today's increasingly interdependent global economy shifts economic power toward
(A) True
(B) False
Answer: I found the complete question:
A concern voiced by critics of globalization is that today's increasingly interdependent global economy shifts economic power toward
A) the communist states of eastern Europe and central Asia.
B) nations that have authoritarian forms of government.
C) supranational organizations such as the World Trade Organization.
D) the national governments of the countries participating in globalization. E) the medium-size and small U.S. multinationals.
The correct answer is "C) supranational organizations such as the World Trade Organization.".
A concern voiced by critics of globalization is that today's increasingly interdependent global economy shifts economic power toward supranational organizations such as the World Trade Organization.
Explanation:
Supranational organizations are those that are above the nation or a state, generally their objectives are to engage in dialogue with the different states on equal terms and to contract or agree to different conditions.
In this way, the globalization that makes countries more interdependent every day gives these organizations greater power since they serve as a link between the different states.
Explain how each of the five pillars of sustainable change could be applied to sustain the learning organization environment of the company in the scenario.
Answer:
Following are the five pillars of sustainable change could be applied to sustain the learning organization environment of the company:
1) Leadership
2) Strategy
3) Culture
4) Structure
5) System
Explanation:
1) Leadership
Leadership provides the way forward for sustainable change i.e. they show the right direction to their employees . They will develop strategies to keep the momentum going within the learning environment that has now been created. Leadership will coach and mentor individuals, teams, and departments to keep the new systems in alignment and working well together.
2) Strategy
By strategizing means to get positioned itself as a market leader or more customer centric . In order to maintain the competitive edge, development of new learning organizational structure to make good use of all employee knowledge for changes in the market and especially for efficiencies and continuous improvements in operations.
3) Culture
Culture will include the attitude of open communication, a willingness to always be open minded, an encouragement for create thinking and sharing new ideas or conflict, and to support the value of lessons learned from mistakes. It will set the tone for the importance of working together toward a common goal, and will be dedicated to recognizing accomplishments to inspire innovation.
4) Structure
Deciding about the best organizational structure, say the flat one. This will allow employees to communicate freely, share knowledge in real time and work and problem solve cross-functionally. Since the company promotes culture that encourages creative thinking, the employees are confident their talents are being used at the highest capacity to support the company’s drive for continuous improvement.
5) System
As part of the change management project, reliance on new technologies and system is increasing, and using of expert and decision making system, stronger controls can be in placed which would be asset to the learning organization.
To sustain the learning organization environment, the company should focus on leadership commitment, strategic alignment, employee engagement, communication, and measurement and evaluation.
Explanation:The five pillars of sustainable change are leadership commitment, strategic alignment, employee engagement, communication, and measurement and evaluation. To sustain the learning organization environment of the company in the scenario, each pillar can be applied as follows:
Leadership commitment: The company's leaders should actively support and champion the learning organization environment by setting a clear vision, promoting continuous learning, and providing resources for employee development.Strategic alignment: The company's learning initiatives should be aligned with its overall strategy and goals. This can involve integrating learning objectives into performance evaluations, aligning learning programs with business needs, and fostering collaboration and knowledge sharing across departments.Employee engagement: The company should create a culture that values and encourages learning. This can be done by involving employees in decision-making processes, providing opportunities for skill development and career growth, and recognizing and rewarding individuals who actively contribute to the learning organization environment.Communication: Open and transparent communication is crucial for sustainably fostering a learning organization environment. The company should promote regular communication channels, such as team meetings or digital platforms, to share knowledge and best practices, encourage feedback and dialogue, and ensure everyone is informed about learning opportunities.Measurement and evaluation: The company should establish metrics to monitor the effectiveness of its learning initiatives and track progress towards creating a sustainable learning organization environment. This can involve evaluating employee satisfaction and engagement, measuring the impact of learning programs on business performance, and continuously seeking feedback to improve and refine learning strategies.Learn more about Sustainable Change in the Learning Organization here:
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Among the most powerful institutions for supporting good incentives are: Select one:
a. government price controls.
b. monopolies.
c. legal limits on excessive profits.
d. property rights
Answer:
The answer is d. Property Rights
Explanation:
The correct answer is Property Rights because strong economy of a country requires good incentive and support by powerful institutions. The important incentives include Property Rights, competition and open market instead of monopolies, dependable legal system instead of legal limits on excessive profits, honest and stable government.
Why should USAA collect data on which auto parts are fixed most frequently? What could it do with this data?
Answer:
To devise their business strategy accordingly
Explanation:
The USAA is an auto-insurance company and with a wide array of customers, information such as will lead them to further invest and provide more services that can cater the singular most serviced auto part. This can lead to a rise in the trust and loyalty of the customers.
The collection of such data can be beneficial for the company as it can use it to devise the information to shape its policies accordingly. The most frequently fixed auto part information can lead the company to provide more easy and accessible service to its customer. This would ensure a geometric growth in the customers. By providing relaxed services and lesser charges on the service, USAA can garner a lot of new customers.
Final answer:
USAA should collect data on auto part repairs to manage risks, customize insurance offerings, and enhance customer satisfaction by providing personalized maintenance advice. The data's value might change if compromised, affecting customer trust, making data security crucial.
Explanation:
USAA should collect data on which auto parts are fixed most frequently to facilitate effective risk management and tailor their insurance offerings. By analyzing this data, they can identify patterns in repairs and adjust their coverage plans and pricing accordingly. For instance, if certain parts are prone to failure, USAA could offer enhanced coverage options for those parts. Additionally, understanding repair frequency can inform preventative maintenance recommendations, contributing to customer satisfaction and reduced claims.
The cost to replace this data can be substantial, not only in monetary terms but also in terms of lost insights and customer trust. Replacing lost data could be challenging, and its value may change if it is compromised, affecting both the company's competitive edge and its relationship with customers. Data privacy is essential, so USAA must ensure that data collection is transparent and compliant with regulations, carefully outlining what data is collected, why, and who has access to it.
Moreover, using the collected data, USAA can potentially communicate with customers to offer personalized driving tips and maintenance advice, thereby enhancing their car care experience. The data can also enable USAA to advocate for improved safety regulations in the automotive industry based on empirical evidence of part failure rates.
Summarize your understanding of how management and leadership can utilize paradoxical thinking to improve the organization
Answer:
Management and leadership realize how paradoxical thought can be used to enhance organization.
Explanation:
Paradoxical thinking a current method to understand fully and externalize the measures to improve our conflicting qualities can lead to actual leadership and achievement.Successful executives and administrators will realize that, in their job, members need the skills to deal with inconsistencies and accept opposing powers to maximize efficiency and meet the corporate objectives.The following information is reported for Kinney Corporation at the end of 2013.
- Accounts Receivable $103,500
- Retained Earnings ?
- Accounts Payable 49,500
- Supplies Inventory 40,500
- Cash Common Stock 6,000
- Equipment 621,000 495,000
a. Compute the amount of retained earnings at the end of 2013.
b. If the amount of retained earnings at the beginning of 2013 was $135,000, and $54,000 in cash dividends were declared and paid during 2013, what was its net income for 2013?
Calculating retained earnings and net income for Kinney Corporation for 2013 requires more information than provided. The net income calculation integrates the beginning retained earnings, dividends paid, and assumes knowledge of ending retained earnings, which is missing.
Explanation:The question involves calculating retained earnings and net income for Kinney Corporation for the year 2013. To determine the retained earnings at the end of 2013, we would typically need to know the beginning balance of retained earnings, net income for the period, and dividends paid out. However, the information provided doesn't give a complete picture for this calculation directly.
To find the net income for 2013, knowing the retained earnings at the beginning of 2013 was $135,000 and that $54,000 in cash dividends were declared and paid during 2013, we use the formula for ending retained earnings which is: Beginning Retained Earnings + Net Income - Dividends = Ending Retained Earnings. Without the ending retained earnings figure directly given, we cannot calculate net income precisely. However, if we rearrange the formula to solve for net income, it becomes: Net Income = Ending Retained Earnings - Beginning Retained Earnings + Dividends.
Since the exact amount of ending retained earnings is not provided, part (a) cannot be calculated without additional information. For part (b), under the assumption we had the ending retained earnings, you would insert the known amounts into the rearranged formula to solve for net income. This example illustrates the importance of having complete financial data to perform such calculations.
On January 4, 2017, Trycker, Inc. acquired 40% of the outstanding common stock of Inkblot Co. for $2,400,000. This investment gave Trycker the ability to exercise significant influence over Inkblot. Inkblot’s assets on that date were recorded at $8,000,000 with liabilities of $2,000,000. There were no other differences between book and fair values.
During 2012, Inkblot reported net income of $500,000 and paid dividends of $300,000. The fair value of Inkblot at December 31, 2012 is $7,000,000. Trycker elects the fair value option for its investment in Inkblot.
At what amount will Inkblot be reflected in Trycker's December 31, 2012 balance sheet?
(A) $7,000,000.
(B) $2,800,000.
(C) $2,400,000.
(D) $2,280,000.
(E) $2,480,000.
Answer:
correct option is (B) $2,800,000
Explanation:
given data
acquired = 40%
outstanding common stock = $2,400,000
assets = $8,000,000
liabilities = $2,000,000
net income = $500,000
paid dividends = $300,000
fair value = $7,000,000
solution
we get here amount that is reflected in December 31, 2012 balance sheet
as we know fair value, investment reported at fair value
so amount that reported in balance sheet is share in fair value
so amount reflected is = 40% share of fair value
amount reflected = 40% × $7000000
amount reflected = $2800000
so correct option is (B) $2,800,000
Given the fair value of Inkblot Co at the end of 2012 and Trycker’s 40% ownership, Trycker's investment would be reflected as 40% of $7,000,000. Thus, the amount at which Inkblot will be reflected in Trycker's December 31, 2012 balance sheet is $2,800,000.
Explanation:When a company elects the fair value option for its investment under the equity method, that means it chooses to adjust its investments to their fair value each reporting period. In this specific case, Trycker, Inc. elected the fair value method for its investments in Inkblot Co.
As such, Trycker adjusts its investment each reporting period to reflect its fair value. Given that the fair value of Inkblot Co at the end of 2012 was $7,000,000, and Trycker owns 40% of Inkblot, Trycker's investment would be reflected as 40% of $7,000,000.
So, the amount at which Inkblot will be reflected in Trycker's December 31, 2012 balance sheet is 40% of $7,000,000, which equals $2,800,000. Therefore, the correct answer is (B) $2,800,000.
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During the early morning hours, customers arrive at a branch post office at the average rate of 45 per hour (exponential interarrival times), while clerks can handle transactions on an average of 4 minutes each (exponential). What is the minimum number of clerks needed to keep the average time in the system under 5 minutes?
a. 2
b. 3
c. 4
d. 5
e. 6
Considering the average customer arrival rate and the clerks' service capacity, a minimum of 4 clerks would be needed to keep the average time in the post office system under 5 minutes.
Explanation:To answer your question, we need to consider the average arrival rate of customers and the average time a clerk can handle a transaction. The average arrival rate is 45 customers per hour, and we know clerks can handle transactions every 4 minutes, which equates to 15 transactions per hour per clerk.
To keep the average time a customer spends in the system under 5 minutes, the service capacity needs to be greater than the arrival rate. We're looking for the minimum number of clerks needed, which can be found by dividing the arrival rate by the service capacity of each clerk and rounding up.
Doing the math, 45 customers per hour divided by 15 transactions per hour per clerk equals 3 clerks. However, to ensure the system remains under 5 minutes even under pressure, an additional clerk may be required to counter any potential customer-surges. Thus, the minimum number of clerks needed would be 4 (option c).
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At the end of last year, the company's assets totaled $879,000 and its liabilities totaled $749,500. During the current year, the company's total assets increased by $59,900 and its total liabilities increased by $24,950.
At the end of the current year, stockholders' equity was $______.
Answer:
$ 164,450
Explanation:
Opening assets = $879,000
Opening liabilities = $ 749,500
Increase in Assets = $59,900
Increase in Liabilities = $24,950
Closing assets = Opening Assets + Increase in Assets
= $879,000 + $59,900
= $ 938,900
Closing Liabilities = Opening Liabilities + Increase in Liabilities
= $749,500 + $24,950
= $ 774,450
At the end of the current year,
Stockholder's Equity = Total Assets- Total Liabilities
= $ 938,900 - $ 774,450
= $ 164,450
Bob was recently promoted to the engineering manager position because of his knowledge and ability to perform all the functions required in the engineering department. Bob was promoted because of his______________.
Answer:
technical
Explanation:
Technical skills are the job-specific skills required to perform a particular type of work or occupation at a high level.
Developing an audit finding involves comparing the condition to the relevant standard or criterion. Which of the following choices best represents an appropriate standard or criterion to support a finding?
A: A quality standard operating procedure (number and date) for the department.
B: An internal accounting control principle, cited and copied from a public accounting reference.
C: A sound business practice, based on the internal auditor's knowledge and experience obtained during many audit assignments within the company.
D: All of the above
Answer:
D: All of the above
Explanation:
All the options are correct
Theresa, an outside sales person, uses her car for both business and pleasure. Last year, she traveled 30,000 miles, using 900 gallons of gasoline. Her car gets 40 mpg on the highway and 25 mpg in the city. She can deduct all highway travel, but no city travel, on her taxes. How many miles should Theresa deduct as a business expense?
Answer:
Miles should Theresa deduct as a business expense=20,000 miles
Explanation:
Given:
Total Miles=30,000 miles
Total Gasoline gallons=900
Highway Mileage=40 mpg
City Mileage=25 mpg
Find:
Miles should Theresa deduct as a business expense=?
Solution:
We are going to make two equations:
Let H be for highway, C for city
Highway Gallons+City Gallons=900
H+C=900 Eq (1)
Highway Miles+City Miles=30,000
40 H+25 C=30,000 Eq (2)
From Eq (1)
C=900-H (Put in Eq (2))
40H + 25(900-H)=30,000
H=500 gallons (Gallons use on highway)
Miles should Theresa deduct as a business expense=40*500
Miles should Theresa deduct as a business expense=20,000 miles
An organization decides to improve its raw material handling process by buying a material handling robot. This is an example of using
Answer:
B. Automation
Explanation:
Option A is incorrect as a human resource cannot be a material handling robot.
Option C is wrong as statistical quality control cannot do the same task as a material handling robot can. Statistical quality control can ensure quality by minimizing risk.
Options D and E are incorrect, respectively, as flexible manufacturing cannot improve the raw materials, and fixed layouts cannot be the element of the raw material process.
Option B is correct as a material handling robot is a machine. Therefore, automation is necessary to improve the raw materials handling process.
Final answer:
The organization's decision to buy a material-handling robot exemplifies an investment in automation to increase efficiency and reduce human error in the production process.
Explanation:
An organization deciding to improve its raw material handling process by buying a material handling robot is an example of an investment in automation and technology. This step is taken to enhance operational efficiency, reduce labor costs, and minimize human error. Automation in the production process can lead to significant improvements in productivity and can be a part of a broader strategy to implement lean manufacturing principles.
On January 6, Windsor Co. sells merchandise on account to Harley Inc. for $9,700, terms 2/10, n/30. On January 16, Harley pays the amount due. Prepare the entries on Windsor Co.’s books to record the sale and related collection. (Omit cost of goods sold entries.) (Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.)
Answer:
Explanation:
Jan. 6
Dr Accounts receivable $9,700
Cr Sales $9,700
Jan. 16
Cash $10,506
Sales discounts($9,700 * 2%) $194
Accounts receivable $10,700
The journal entries are the initial recording of the business transactions in the books of accounts. The entries are prepared in chronological order .i.e. the order of their occurrence. This helps the accountant to prepare the general ledger accounts of each account head.
The journal entries for the sale of merchandise and its amount payment is attached in the image below:
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_______ achieves organizational change through business process changes and dilivery of supporting business systems with a minimal customization
Answer:
The correct word for the blank space is: Business System Acquisition Testing & Deployment.
Explanation:
The Business Capability Acquisition Cycle is an approach used by the U.S. Department of Defense (DoD) to perform business acquisition processes efficiently. This is carried out as a cycle with five (5) steps: Capability Need Identification, Business Solution Analysis, Business System Functional Requirements & Acquisition Planning, Business System Acquisition Testing & Deployment, and Capability Support.
In the Business System Acquisition Testing & Deployment, the DoD supports business systems with the ultimate goal to generate a change without deploying too many specialized personnel.
An agreement between Nextflix and Flixbuster to each supply 250 subscriptions is an example of:
a. price discrimination.
b. Bertrand competition.
c. price leadership.
d. collusion.
e. increasing marginal costs
Answer:
correct answer is d. collusion
Explanation:
Nextflix and Flixbuster both did an agreement for supply every 250 subscriptions so it is collusion because collusion is that when 2 or more companies get together and make a secret agreement
and it is possibly unethical so collusion is an illegal practice and there is Antitrust law to preventing collusion between 2 or more companies
because these type of company operate to detriment of the third party
and these type of secret agreement occur for sale and purchase and advertising
so correct answer is d. collusion
When determining its marketing mix for a new product, a company decides to price the item in the discount category, with low-cost packaging. The company would most likely choose a minimal promotions strategy with few, if any, broad communications.
O True O False
The given statement " When determining its marketing mix for a new product, a company decides to price the item in the discount category, with low-cost packaging. The company would most likely choose a minimal promotions strategy with few, if any, broad communications " is TRUE.
Explanation:
The marketing mix relates to the series of measures or strategies used by a corporation to sell a commodity or product on the marketplace.
The 4Ps represent a traditional marketing blend, including price ,product ,promotion and place.
Define the firm's Single Sales Proposal (USP). Describe the brand target audience. Define in depth the element. Develop a product pricing plan. Recognise the market location of the product. Specify the advertising techniques you are using for the product.Smith Law Firm specializes in the preparation of wills for estate planning. On October 1, 2021, the company begins operations by issuing stock for $12,000 and obtaining a loan from a local bank for $24,000. By the end of 2021, the company provides will preparation services of $31,000 cash and pays employee salaries of $22,000. In addition, Smith pays $1,900 in cash dividends to stockholders on December 31, 2021. Determine the amount of financing cash flows Smith would report in 2021.
Answer:
Cash flow from financing $34,100
Explanation:
The amount of financing cash flows that Smith would report in year 2021 is as follows:
Issuance of stock by Smith law firm $12,000
Loan from local bank $24,000
Dividends paid to stockholders ($1,900)
Cash flow from financing $34,100
The total cost per device for production of 66,000 devices, excluding marketing costs, could be used as the cost basis.
Answer: No
Explanation: Acording to the principles of cost accounting, the three main factors must be taken into account, the cost of raw material or the creation of the good, the cost of modifying the raw material and the marketing costs.
For example: To calculate the unit cost, the sum of these three costs divided by the number of devices is required. As one of the components is missing if it is divided into 66,000 it would not be complete
Define the opportunity cost of getting your degree by analyzing what steps and economic factors a potential student must make when choosing to pursue an education. Given your answer, is getting a formal college education worth your opportunity costs? Why?
Answer:
An opportunity cost is the cost that measures the opportunity that is lost or sacrificed when the choice of one course of action requires that the other course of action be given up.
Explanation:
For example if we take the example of not going to college and working instead the opportunity cost would be earning maybe 500 $ for the next five years without any raised funds or bonuses etc. But if we decide to go to college and study further the opportunity cost would not only be the fees paid but also the amount which could have been earned in those years.
Yes getting formal college education is worth an opportunity cost because after getting educated we may earn at a rate much higher and even get better chances of professional growth rather than a typical job of a certain level, meaning we could get jobs of higher positions where the earning maybe twice or sometime thrice the job wee would be doing without that education
Opportunity cost of earning a degree includes both financial expenses and forgone alternatives, such as lost earnings from not working. Deciding on the value of a college education entails comparing future benefits with present sacrifices. This assessment must account for both tangible and intangible factors.
The opportunity cost of getting a degree encapsulates not only the direct financial costs such as tuition, fees, and books, but also the value of alternatives given up to pursue education. This includes the potential earnings from a job that a student foregoes while dedicating time to studying and class attendance. When deciding if a formal college education is worth the opportunity costs, one must weigh the potential for future earnings enhancement and the intrinsic value of education against what is being sacrificed in the present.
Considering the opportunity cost is critical in making an informed decision about pursuing a college education. A student evaluates the out-of-pocket expenses alongside the opportunity costs of lost earnings during the time spent in academic pursuits. This analysis often goes beyond simple monetary terms, as the value assigned to learning and potential future earnings plays a significant role.
During 2017, Carl (a single taxpayer) has a salary of $91,500 and interest income of $11,000. Calculate the maximum contribution Carl is allowed for an educational savings account. a. $0 b. $400 c. $1,000 d. $2,000 e. Some other amount
To calculate the maximum contribution for an educational savings account, we need to consider the IRS limits. Based on Carl's income, the maximum contribution is $1,000.
Explanation:To calculate the maximum contribution Carl is allowed for an educational savings account, we need to consider the limits set by the IRS. For 2017, the maximum contribution for an individual taxpayer is $2,000. However, this limit is phased out for taxpayers with higher incomes. To determine the phase-out limit, we need to calculate Carl's Adjusted Gross Income (AGI).
Carl's AGI is his salary of $91,500 plus his interest income of $11,000, which equals $102,500. Since his AGI exceeds the phase-out threshold of $95,000 for single taxpayers, the maximum contribution for an educational savings account is reduced.
We can calculate the reduction amount by subtracting the phase-out threshold from Carl's AGI. In this case, $102,500 - $95,000 = $7,500. Next, we divide the reduction amount by $15,000 (which represents the range over which the reduction occurs) and multiply the result by the maximum contribution limit ($2,000). So, $7,500 / $15,000 * $2,000 = $1,000.
Therefore, the maximum contribution Carl is allowed for an educational savings account is $1,000 (option c).
Brad proposed the purchase of a new Toshiba copier to his boss, Chin. Chin said that he has always used and liked Xerox copiers, but when he thinks about it later, he realizes he does not really feel strongly about the brand of copy machine used in the office. Chin should probably adopt a(n) ________ conflict-handling style when trying to resolve this matter with Brad.
Multiple Choice
avoiding
accommodating
compromising
forcing
collaborating
Which of the following cash flows are NOT considered in the calculation of the initial outlay for a capital investment proposal?
All of the above should be considered
Sunk costs
After-tax salvage value of old equipment
Cost of Installing new equipment
Increase in net working capital requirements
Answer:
Sunk costs
Explanation:
The sunk cost is the cost already generated that will not be recovered in the future. However, it is also referred to as past expenses.
It is irrelevant at the time of decisions with respect to capital investment as this cost is useless.
So at the time of the capital investment proposal, the sunk cost should not be considered. The other cost which is related to the initial outlay would be considered
Pizza Hearth is in the process of deciding on the mode of entry into the Eastern European countries. Which phase of the international planning process is Pizza Hearth currently in? A. Preliminary analysis.B. Defining market segment.C. Developing the marketing plan.D. Implementation and control.E. Standardization of the marketing mix.
Answer:
Letter C is correct. Developing the marketing plan.
Explanation:
As Pizza Hearth is in the process of deciding how to enter Eastern European countries, it can be said that the company is at the stage of developing the marketing plan in the international planning process.
A marketing plan is a document that complements the business plan and contains written in detail all the plans and actions of an organization that will be necessary to achieve its marketing objectives.
As Pizza Hearth is planning to enter a new market, the development of the marketing plan will provide essential subsidies for the company to define the best strategies for reaching the target audience according to its demographic characteristics, such as culture, tastes, lifestyle and others.
Through this strategic tool it is possible to identify the strengths, weaknesses, opportunities and threats that the micro and macro environment provides the company, assisting in the development of objectives and goals, in the knowledge of competitors and the wishes and needs of potential customers.
Suppose that two of your friends are about to launch a business together with nothing but a handshake. "we'vebeen best friends since grammar school they say. What advice would you give them.
Explanation:
First, it is necessary and ideal to formalize the relationship between two partners, regardless of the degree of friendship between them. For this, the most relevant advice would be to have a proper contract, so that business is legalized and so that each partner has security and support provided in the contract to resolve any situation.
A contract is a super important document for any business, it must have all the rules of conduct in business, as well as the rights and duties of each partner.
It is through the contract that the essential rules that will govern the relationship between each of the parties will be defined, therefore it is necessary that the contract is developed in accordance with everything that governs a company, the activities, responsibilities, ethical and legal conduct and others, so that the company's activities flow as expected.
Final answer:
Starting a business with a friend is an exciting venture, but it's crucial to have a formal agreement, clearly defined roles, a conflict resolution plan, understanding of financial commitments, and maintain open communication. These steps protect both the relationship and the business, ensuring a professional approach to the venture.
Explanation:
Starting a business with a friend is an exciting venture, but it's crucial to lay a strong foundation beyond just a handshake, even for long-standing friendships. Here's some advice for starting a business with a friend:
Formalize the Agreement: Even though trust and friendship form the basis of your partnership, it's imperative to have a written agreement. This document should cover roles, responsibilities, equity split, and what happens if a partner wants to exit the business. Clear documentation helps prevent misunderstandings.
Define Roles and Responsibilities: Clearly define who is responsible for what in the business. This clarity can help avoid stepping on each other's toes and will ensure the smooth operation of your business.
Plan for Conflict Resolution: Disagreements are part of any business. Plan in advance how you'll handle conflicts, possibly including a mediator to help resolve disputes objectively.
Understand the Financial Commitments: Make sure both parties are clear about the financial contributions and implications of running the business. Discuss and agree on how profits and losses will be shared.
Keep Communication Open and Honest: Regular communication is key, not only about the business but also about how the partnership is affecting your personal relationship. Ensure you schedule regular check-ins.
Remember, taking these steps does not mean you doubt the friendship or partnership. Instead, it's about protecting both the relationship and the business venture. A written agreement and clear communication are signs of a professional and thoughtful approach to business, crucial for success.
How do employees and managers know what decision-making authority they have regarding firm assets?
Answer:
The correct answer is: Corporate Policies.
Explanation:
Corporate Policies are the set of rules and guidelines companies provide to their employees so they can have an understanding of what type of behavior is expected from them within the organization and who they should talk to according to the situations that arise. The hierarchy of the firm is established the corporate policy for employees to know who their managers are.
Refer to "Terrorism Preparedness" in your assigned readings. According to the article, identify what local, county, and state assets you feel need to be in place as an answer to counter terrorism preparedness and why.
Answer: As a terorrism preparedness, local, country and state assets need to be in place as an answer to counterterrorism preparedness. National infrastructure preparedness plan which outlines how government and private sector participants in the community can work together to manage risks and achieve security and resilience outcomes.
The National Infrastructure and Computer Intrusion Program also have a role in preventing terrorist act by identifying, protecting, preventing and detecting of computer intrusions. Assets include the major electrical, communications, and water facilities; transportation hubs; energy plants and other infrastructure which are instrumental in terrorism attack.
Explanation:
Explain several implications of IFRS on financial reporting by health care organizations.
Final answer:
IFRS has major implications on financial reporting for healthcare organizations, enhancing consistency and comparability of financial data, necessitating transparent allocation of resources and risk reporting, and requiring a balance between transparency and privacy.
Explanation:
International Financial Reporting Standards (IFRS) impose significant implications on financial reporting by health care organizations. Firstly, IFRS adoption can lead to greater consistency and comparability of financial statements, making it easier for investors and stakeholders to assess the financial health of organizations across borders. However, health care organizations may also face challenges due to diverse health financing systems such as fee-for-service and HMOs. For instance, the allocation of resources and the calculation of reimbursements must be transparently reported under IFRS. Furthermore, risks such as adverse selection in insurance markets need careful disclosure to accurately represent the organization's financial position. Finally, privacy concerns around health records must be balanced against the transparency required by financial reporting regulations.