Investment X offers to pay you $6,900 per year for 9 years, whereas Investment Y offers to pay you $9,300 per year for 5 years. a. If the discount rate is 7 percent, what is the present value of these cash flows
Answer:
$44,955.10
$38,131.84
Explanation:
Present value is the sum of discounted cash flows
Present value can be calculated using a financial calculator
Investment X
Cash flow each year from year 1 to 9 = $6900
I = 7%
PV = $44,955.10
Investment Y
Cash flow each year from year 1 to 5 = $9300
I = 7%
PV = $38,131.84
To find the PV 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 NPV button, input the value for I, press enter and the arrow facing a downward direction.
3. Press compute
Use the following account balances from the adjusted trial balance columns of RB Auto's worksheet to answer below question.
Account Debit Balance Credit Balance
Cash 20,500
Merchandise Inventory 1,000
Accounts Payable 2,800
R. Holloway, Drawing 500
R. Holloway, Capital 13,000
Sales 15,000
Purchases 2,000
Purchase Returns and Allowances 200
Rent Expense 3,000
Salaries Expense 4,000
Select the correct closing entry that RB Auto would make to close their expense account(s) at the end of the accounting period.
a. debit Income Summary $9,000 and credit R. Holloway, Capital for $9,000.
b. debit Salary Expense $4,000; debit Rent Expense $3,000; debit Purchases $2,000 and credit Income Summary S9,000.
c. debit R. Holloway, Capital $9,000 and credit Salary Expense $4,000; credit Rent Expense $3,000; credit Purchases $2,000.
d. debit Income Summary $9,000 and credit Salary Expenses $4,000; credit Rent Expense $3,000; credit Purchases $2,000.
Answer:
d. debit Income Summary $9,000 and credit Salary Expenses $4,000; credit Rent Expense $3,000; credit Purchases $2,000.
Explanation:
Based on the information given the correct closing entry that RB Auto would make to close their expense account(s) at the end of the accounting period is:
Debit Income Summary $9,000
($4,000+$3,000+$2,000)
Credit Salary Expenses $4,000
Credit Rent Expense $3,000
Credit Purchases $2,000
(To close expense account)
The following materials standards have been established for a particular product: Standard quantity per unit of output 4.2 pounds Standard price $ 13.40 per pound The following data pertain to operations concerning the product for the last month: Actual materials purchased 4,300 pounds Actual cost of materials purchased $ 62,880 Actual materials used in production 4,300 pounds Actual output 700 units The direct materials quantity variance is computed based on materials used in production. What is the materials quantity variance for the month
Answer: $18,224 unfavourable
Explanation:
The materials quantity variance for the month will be calculated thus:
= Standard Cost per unit × ( Actual materials Used - Actual output)
= 13.4 × [( 4,300 - 700) × 4.2]
= $18,224 unfavourable
Therefore, the materials quantity variance for the month is $18,224 unfavourable
Russell Container Corporation has a $1,000 par value bonds outstanding with 30 years to maturity. The bind carries an annual interest payment of $105 and is currently selling for $880 per bond. Russell Corp. is in a 40 percent tax bracket. The firm wishes to know what the after-tax cost of a new bind issue is likely to be. The yield to maturity on the new issue will be the same as the yield to maturity on the old issue because the risk and maturity date will be similar.
a) Compute the yield to maturity on the old issue and use this as the yield for the new issue.
b) Make the appropriate tax adjustment to determine the after-tax cost of debt.
Answer: here is the answer
Explanation: 1gtv/76hg
To discourage producing for inventory, management can ________.
A) discourage using nonfinancial measures such as units in ending inventory compared to units in sales
B) evaluate performance over a quarterly period rather than a single year
C) incorporate a carrying charge for inventory in the internal accounting system
D) implement absorption costing across all departments
Answer:
incorporate a carrying charge for inventory in the internal accounting system
Explanation:
Inventory
This is simply known as the stock of items that is kept aside by an organization to meet internal or external customer demand. It type s includes: Raw Material, work in progress (WIP), maintenance/repair/operating supply (MRO), finished good etc.
The reasons organizations holds Inventory includes
1. Meet anticipated customer demand
2. To protect against stockouts
3. Take advantage of economic order cycles
4. Maintain independence of operations
5. Guard against price increases, etc.
The objective of inventory control is to handle overstocking or Understocking and also a major challenge is to maintain a good balance between inventory investment and customer service.
Jamison is self-employed and he works out of an office in his home. Jamison itemizes his deductions, and the sum of his itemized deduction for non-home business taxes and the real property taxes allocated to business use of the home is less than $10,000. After allocating the home-related expenses between the business office and the rest of the home, which of the following statements regarding the sequence of deductibility of the expenses allocated to the home office business use is correct?
a. Depreciation expense, other expenses, property taxes and interest expense.
b. Other expenses, depreciation expense, property taxes and interest expense.
c. Interest expense and property taxes, other expenses, depreciation expense.
d. Other expenses, property taxes and interest expense, depreciation expense.
Answer: c. Interest expense and property taxes, other expenses, depreciation expense.
Explanation:
In terms of deductibility, interest expenses such as mortgages take precedence along with taxes on property.
After this comes other expenses starting first with direct expenses incurred in providing Jamison's services then there will be other expenses such as insurance, periodic repairs and admin expenses.
At the bottom of the hierarchy is depreciation expense which is the last expense that can be deducted
All of the following are likely to be the Benefits of a college graduate
All of the options are suitable benefits for a college graduate except for the earning of lesser money over time.
What is a college?
A college is a place for studying and attaining a degree in a specialized field by a student after completing high school.
After getting a graduation degree from a college, the benefits available to a student are enhanced access to the new job opportunities, a rise in income, stability & satisfaction toward the job, growth & development in personal skills, and access to more advanced career goals, improvement in health and well being, and many more.
Therefore, the benefits of a college graduate are specified above.
Learn more about the college in the related link:
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Supply-side policy is designed to a. Move the economy from a point inside the production possibilities curve to a point on the curve and shift the aggregate supply curve to the left. b. Move the economy from a point inside the production possibilities curve to a point on the curve and shift the aggregate supply curve to the right. c. Shift the production possibilities curve outward and shift the aggregate supply curve to the left. d. Shift the production possibilities curve outward and shift the long-run aggregate supply curve to the right.
Answer:
c. Shift the production possibilities curve outward and shift the aggregate supply curve to the left.
Explanation:
A supply-side economist can be defined as economists who believes that the ability and willingness of the producers of goods and services to manufacture or produce sets the pace for the economic growth of a country.
This ultimately implies that, increasing the supply of goods and services would cause an economic growth for a country.
Generally, supply-side economist are of the opinion that one of the best way to grow a country's economy is by introducing tax cuts so as to increase the incentive for households to work and invest.
In Economics, there are primarily two (2) factors which affect the availability and the price at which goods and services are sold or provided, these are demand and supply.
The law of supply states that the higher the price of goods and services, the lower the supply.
An aggregate supply curve gives the relationship between the aggregate price level for goods or services and the quantity of aggregate output supplied in an economy at a specific period of time.
Aggregate supply (AS) refers to the total quantity of output (goods and services) that firms are willing to produce and sell at a given price in an economy at a particular period of time.
The production possibilities curve (PPC) is also known as the production possibilities frontier (PPF) and its a curve which illustrates the maximum (best) combinations of two products that can be produce in an economy if they both depend on these factors;
1. Technology is fixed.
2. Resources are fixed.
Hence, a supply-side policy is designed to shift the production possibilities curve outward and shift the aggregate supply curve to the left.
Wenjing purchases a bond for $2,000 with 12 remaining $40 quarterly coupon payments. The bond broker who sells her the bond reassures her that she will earn a return of 3% per quarter but does not disclose the bond's par value. What par value would result in the return the bond broker promises
Answer:
Wenjing
The par value that would result in the return the bond broker promises is:
= $1,333.
Explanation:
a) Data and Calculations:
Bond amount paid = $2,000
Quarterly coupon payments = $40
Remaining coupon payments = 12
Bond maturity period = 3 years (12/4)
Promised returns per quarter = 3%
Par value of bond = Quarterly premium/Quarterly returns in percentage = $1,333 ($40/0.03)
Check: 3% of $1,333 = $40
This implies that the bond's annual interest rate = 12% (3% * 4)
Whright company os considering an investment in new manufacturing equiipment. the equipment cost 220,000 and will provide annual aftertax inflows of $50,000 at the end of each year for 7 years. the firm's market value debt/quity ratio is 25%, its cost of quity is 14%, and it s pretax cost of debt is 7%. the firm's combined marginal fedreal and state tax rate is 40%. Assume the project is of approxinmately the smae risk as the firm's existing operations.
1. What is Kottinger's weighted average cost of capital?
a. 8.91%
b. 9.99%
c. 10.86%
d. 11.14%
e. 12.04%
2. What is the NPV of the proposed project?
a. $6,297
b. $7,899
c. $9,156
d. $13,436
e. $15,984
Answer:
Kottinger Company
1. Kottinger's weighted average cost of capital is:
= e. 12.04%
2. The NPV of the proposed project is:
b. $7,899
Explanation:
a) Data and Calculations:
Cost of new manufacturing equipment = $220,000
Annual after-tax inflows = $50,000
Project period = 7 years
Market value of debt/equity ratio = 25%
Equity ratio = 100%
Firm's total value = 125% (100% + 25%)
Debt market value weight = 25%/125% = 20%
Equity market value weight = 100%/125% = 80%
Cost of equity = 14%
Pretax cost of debt = 7%
Marginal tax rate = 40%
After-tax cost of debt = 0.07 * (1 - 0.40) = 4.2%
Weighted average cost of capital = (0.14 * 0.8) + (0.042 * 0.2)
= 0.112 + 0.0084
= 0.1204
= 12.04%
The present value of $50,000 annual cash inflow for 7 years at 12.04% is:
N (# of periods) 7
I/Y (Interest per year) 12.04
PMT (Periodic Payment) 50000
FV (Future Value) 0
Results
PV of annual cash inflows = $227,898.69
PV of investment = $220,000
NPV = $7,898.69 ($227,898.69 - $220,000)
Sum of all periodic payments $350,000.00
Total Interest $122,101.31
Discuss how career choices impact the balance between personal and professional responsibilities. In your response, consider components of your career plan such as the number of years of training and work-life balance.
Answer:
PERFORMANCE TASK NO. 1
Emergency Plan
1. What will you include in your own emergency kit when preparing for a volcanic eruption? Make a poster of
things you should include in your own emergency kit. ( use the half back page of this paper)
2. Make an evacuation plan. Draw a simple map of your home. Mark the exits and trace a path that can reach
the exits at the shortest possible time. Please use the other half back page of this paper.
Indicators
Proficient
3
Non-Proficient
Excellent
4
Category
Progressing
2
Information is organized in a
clear, logical way.
Most information is
organized in a
clear, logical way.
Some information is
logically sequenced.
Content
There is no clear
plan for the
organization of
information.
He/She is able to create a
plan that shows his/her
original and creative ideas,
He/She is able to
create a plan
Originality
He/She is able to
create a plan which is
partly original.
He/She is able to a
create plan copied
from work of others.
Spelling
and
Grammar
Presentation has no
misspellings or grammatical
errors.
Presentation has a
few minor errors
but doesn't distract
from presentation.
Presentation has
frequent grammatical,
and begins to distract
from presentation.
Information has
constant errors and
are distracting from
presentation.
Explanation:
Hello
Answer:
Mainaining a healthy balance between personal and professional responsibilities can be hard when it come to career choices. Sometimes a job requires you to do things that may affect your personal life like long hours or moving to a different location. It can be very diffucult to find a balance and you might go through some tough decisions to get there but once you do it'll be worth it.
Explanation:
Kendall, who just moved into his new farm, notices his neighbor comes onto Kendall’s property every Sunday morning, goes fishing at the lake, and picks apples from Kendall’s apple tree. Kendall is aware that the neighbor has an easement to cross his property to access the lake, but the neighbor tells Kendall he can take as many apples as he wants. Is the neighbor correct?
[tex]\huge\color{purple}{\mathbb{ANSWER:}}[/tex]
No, his neighbor should ask for permission first befor coming to Kendall's property. His neighbor must know how to respect Kendall's privacy. He should know his limits.
A development right or easement granted to one party by another that provides access to and from private lands.
No, even though the easement allows the neighbor to utilize the land, he is not permitted to take anything from it.
Therefore, If the only way to get to a piece of land is to pass through your property, the law recognizes an easement that allows access over your property.
This is referred to as "comfort by necessity." When land is subject to such an easement, the landowner is not allowed to interfere with the legal rights of the neighbor.
For more information regarding an easement, refer to the link:
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What is the amount of profit Tumbleweed makes when both advertise? $ How much profit does Native Roots make when both advertise? $ Part 2 (1 point)See Hint What outcome is predicted (that is, the Nash equilibrium) for these two firms, given the figures above? Choose one: A. Both firms advertise. B. Tumbleweed advertises, but Native R
Complete Question:
There are two plant nurseries in a small town. They are called Tumbleweed and Native Roots. If neither advertises, Tumbleweed makes $80,000 a month in profits and Native Roots makes $95,000. Advertising would cost each firm $20,000 a month. If only one firm advertises, that firm increases sales by $50,000 a month whereas the non-advertising firm loses out. If Tumbleweed doesn't advertise but Native Roots does, Tumbleweed loses $30.000 a month. If Native Roots doesn't advertise but Tumbleweed does, it loses $35,000 a month. If both advertise, they increase revenue by $15,000 each. Insofar as they grow their products from the ground, they don't have any increased costs when they have increased sales (that is, their marginal cost of production is $0). 7th attempt Part 1 (2 points) See Hint What is the amount of profit Tumbleweed makes when both advertise? $ How much profit does Native Roots make when both advertise? $ See Hint Part 2 (1 point) What outcome is predicted (that is, the Nash equilibrium) for these two firms, given the figures above? Choose one: • A. Both firms advertise. B. Tumbleweed advertises, but Native Roots doesn't. C. Native Roots advertises, but Tumbleweed doesn't. D. Neither firm advertises.
Answer:
Tumbleweed and Native Roots
Part 1:
a. The amount of profit that Tumbleweed makes when both advertise is:
= $95,000 ($80,000 + $15,000)
b. The amount of profit that Native Roots makes when both advertise is:
= $110,000 ($95,000 + $15,000)
Part 2:
The predicted outcome (that is, the Nash equilibrium) for these two firms, given the figures above is:
A. Both firms advertise.
Explanation:
a) Data and Calculations:
Tumbleweed Native Roots
Profits without advertisement $80,000 $95,000
Advertising cost per month 20,000 20,000
Loss without advertisement -30,000 -35,000
Gain with advertisement 50,000 50,000
Gain if both firms advertise 15,000 15,000
Westsyde Tool Company is expected to pay a dividend of $1.50 in the upcoming year. The risk-free rate of return is 6%, and the expected return on the market portfolio is 14%. Analysts expect the price of Westsyde Tool Company shares to be $29 a year from now. The beta of Westsyde Tool Company's stock is 1.2. Using the CAPM, an appropriate required return on Westsyde Tool Company's stock is ________. (Hint: CAPM expected return is the required return) 8% 16.8% 15.6% 10.8%
Answer: 15.6%
Explanation:
The Capital Asset pricing model allows for us to calculate the required return on a stock using the risk free rate, the market premium and the beta of the stock.
Using the Capital Asset Pricing Model, the required return is calculated by the formula:
Required return = Risk free rate + Beta * (Market return - Risk free rate)
= 6% + 1.2 * (14% - 6%)
= 15.6%
Imp Company uses a periodic inventory system. Beginning inventory on January 1 was overstated by $32,000, and its ending inventory on December 31 was understated by $62,000. These errors were not discovered until the next year. As a result, the company's gross profit for this year was:
Answer:
$30,000 Overstated
Explanation:
Calculation to determine the gross profit
Using this formula
Gross profit = Beginning inventory overstated- Ending inventory understated
Let plug in the formula
Gross profit =$32,000-$62,000
Gross profit=$30,000 Overstated
Therefore the gross profit is $30,000 Overstated
Yasmin Co. can further process Product B to produce Product C. Product B is currently selling for $33 per pound and costs $29 per pound to produce. Product C would sell for $56 per pound and would require an additional cost of $24 per pound to produce. What is the differential cost of producing Product C
Answer:
Differential cost Product C= $24 per pound
Explanation:
Giving the following information:
Product C would sell for $56 per pound and would require an additional cost of $24 per pound to produce.
The first cost of product B will remain constant whether Product C is made or not. Therefore, it is not an incremental cost.
Differential cost= incremental cost
Differential cost Product C= $24 per pound
Direct Method Question (2026, Current Period): 2026 2025 A/R 49,000 23,000 Prepaid Insurance 15,000 3,000 Salaries Payable 13,000 5,000 Sales 125,000 63,000 Insurance Expense 20,000 12,000 Salaries Expense 57,000 21,000 What is the second number in the cash event (direct method)
Answer:
$49,000
Explanation:
Missing"Cash Event => Cash Paid for Salaries Second Number => _____ __?___, ______ ______ ______"
Cash paid for salaries (using direct method)
Particulars Amount
Opening salaries payable $5,000
Add: Salaries expense for the current year $57,000
Less: Closing salaries payable $13,000
Cash paid for salaries during current year $49,000
Peterson Company purchased machinery for $960,000 on January 1, 2014. Straight-line depreciation has been recorded based on a $60,000 salvage value and a 5-year useful life. The machinery was sold on May 1, 2018 at a gain of $18,000. How much cash did Peterson receive from the sale of the machinery
Answer:
198,000
Explanation:
(960000 - 60,000) / 5 = 180k
Deprecation expense = 180,000 x 5 = 720,000
Deprecation expense from January to April = 4/12 x 180000
720 + 75h
The short-run average variable cost curve: a. starts above the origin and always slopes upward. b. is always downward sloping. c. slopes downward at low rates of output and then slopes upward at higher rates of output. d. starts at the origin and always slopes upward. e. is a horizontal line intersecting the vertical axis.
Answer:
c
Explanation:
You borrow a certain amount of money. Its annual interest rate is 6%, four-year (48 months) loan for a new delivery truck. Payments of $676.65 are required at the end of each month for 48 months. How much do you borrow
Answer:
The amount borrowed is:
= $28,811.97.
Explanation:
a) Data and Calculations:
Annual interest rate = 6%
Loan period = 4 years or 48 months
Monthly payments = $676.65
From an online financial calculator, the amount borrowed is:
N (# of periods) 48
I/Y (Interest per year) 6
PMT (Periodic Payment) 676.65
FV (Future Value) 0
Results
PV = $28,811.97
Sum of all periodic payments $32,479.20
Total Interest $3,667.23
a. Cash production costs are budgeted at $6 per unit produced. Of these production costs, 40% are paid in the month in which they are incurred and the balance in the following month. Selling and administrative expenses (all paid in cash) amount to $60,000 per month. The accounts payable balance on March 31 totals $96,000, all of which will be paid in April. Prepare a schedule for each month showing budgeted cash disbursements for Edwards Company. b. Assume that all units will be sold on account for $15 each. Cash collections from sales are budgeted at 60% in the month of sale, 30% in the month following the month of sale and the remaining 10% in the second month following the month of sale. Accounts receivable on March 31 totaled $255,000 $(45,000 from February's sales and the remainder from March.) Prepare a schedule for each month showing budgeted cash receipts for Edwards Company.
Answer:
150,000
Explanation:
A special order for 2000 units has been received from a foreign company. The unit price requested is $54. The normal unit price is $80. If the order is accepted, unit variable costs will increase by $2 for additional freight costs. If the order is accepted, incremental profit (loss) will be
Answer:
Incremental profit $4,000
Explanation:
Calculation to determine If the order is accepted, incremental profit (loss) will be
Using this formula
Incremental profit (loss)=(Special order units*unit price)- [Special order units*(Variable cost +Additional freight costs)]
Let plug in the formula
Incremental profit (loss)=(2000* $54) - [2000*($50+$2)]
Incremental profit (loss)=$108,000-(2,000*$52)
Incremental profit (loss)=$108,000 - $104,000
Incremental profit (loss)=$4,000
Therefore If the order is accepted, incremental profit will be $4,000
Suppose you borrow $1,000 of principal that must be repaid at the end of two years, along with interest of 5 percent per year. If the annual inflation rate turns out to be 10 percent,
Instructions: Enter your responses rounded to the nearest whole number. If you are entering any negative numbers be sure to include a negative sign (-) in front of those numbers.
a. What is the real rate of interest on the loan?
b. What is the real value of the principal repayment?
Hint: Future value = Present value × (1 + Growth in prices)t, where t is the number of years evaluated, e.g., The real value of loan repayment = Amount of loan × (1 + Real interest rate)t
c. Who loses, the debtor or the creditor?
Answer:
Following are the solution to the given question:
Explanation:
For point a:
Calculating the Real rate of interest:
[tex]\to 5\%-10\%\\\\\to -5\%[/tex]
For point b:
Calculating the Real value of loan repayment:
[tex]\to \$1000 (1-0.05)^2\\\\\to \$902.5[/tex]
For point C:
In this question, the creditor receives less than what he granted he losses that's why the creditor is the correct answer.
Machine A costs $850,000 and would produce cash flows of $220,000 per year for the first two years, $350,000 per year for the next two years, and $150,000 in the final year. Machine B costs $650,000 and would produce cash flows of $250,000 per year for the first two years, $200,000 the following year, $150,000 in its fourth year, and $140,000 in its final year. Your required return is 11%. What is the IRR of buying machine A?
Answer:
The answer is "15.61%"
Explanation:
Please find the solution file in the attachment.
During year 1, Yvo Corp. installed a production assembly line to manufacture furniture. In year 2, Yvo purchased a new machine and rearranged the assembly line to install this machine. The rearrangement did not increase the estimated useful life of the assembly line, but it did result in significantly more efficient production. The following expenditures were incurred in connection with this project: Machine $75,000 Labor to install machine 14,000 Parts added in rearranging the assembly line to provide future benefits 40,000 Labor and overhead to rearrange the assembly line 18,000 What amount of the above expenditures should be capitalized in year 2
Answer: $147000
Explanation:
The amount of the above expenditures that should be capitalized in year 2 will be:
Machine = $75000
Add: Labor = $14000
Add: Parts added = $40000
Add: Labor and overhead to rearrange the assembly line = $18,000
Amount capitalized = $75000 + $14000 + $40000 + $18000
= $147000
(a) "Fostering a strong credit reputation is an important policy a company should
have in the management of its trade payables". Discuss this statement.
Explanation:
Question : "Fostering a strong credit reputation is an important policy a company should have in the management of its trade payables". Discuss this statement.
Solution :
By saying the statement " fostering a strong credit reputation" means to encouraging a policy for the development of reputation regarding the payment of credit a company is having against trade transaction.
It states that our company can make regular payments against credit which is a good way of establishing and maintaining valuable customer as in the today's market customer's satisfaction is prime objective.
A good trade credit history can mean suppliers treat you as a preferred buyer which in turn results into profit.
Trade credit can do just for many businesses as it not only smooths out the cash flow issues the business might have but also helps in building a strong credit history to show to the lenders.
Supplier can build high credit scores by filing positive report to the credit score bureaus which ultimately results in enhancing the credit scores in the eyes of financial lenders . This is turn helps the company to get easy short term finances.
So, it can be said it is an important policy a company should have for maintaining its trade payables.
Retrenching to a narrower diversification base Group of answer choices is a strategy best reserved for companies in poor financial shape. is directed at improving long-term performance by building stronger positions in a smaller number of core businesses. is an attractive strategy option for revamping a diverse business lineup that lacks strong cross-business financial fit. is usually the most attractive long-run strategy for a broadly diversified company confronted with recession, high interest rates, mounting competitive pressures in several of its businesses, and sluggish growth. is sometimes an attractive option for deepening a diversified company's technological expertise and supporting a faster rate of product innovation.
Answer:
is directed at improving long-term performance by building stronger positions in a smaller number of core businesses.
Explanation:
Retrenching to narrower positions is a strategy that can be helpful to build strong market positions in a few core business areas before diversifying the firm's portfolio of goods and services even more.
This strategy is recommended to smaller firms, firms that are not in financial great shape, or firms that have tried to take a position in many markets at the same time, and have had a hard time to adapt to some of them.
When total imports of exceed export, then the balance is to be
Answer:
Negative
Explanation:
The follow passage describes how a catalytic converter in a car works. The catalytic converter mostly likely was developed in response to?
A) the demand for more energy-efficient cars
B) the demand for increased car engine power
C) a need for lower-priced cars
D) a need to reduce air pollution
Answer:
Its A
Explanation:
Its A
Answer:
A
Explanation:
I did this before
Under the ________ leadership style, decision-making power is centralized in the leader. Leaders do not entertain any suggestions or initiatives from subordinates. The ______ management is effective for quick decision making but is generally not successful in fostering employee engagement or maintaining worker satisfaction.
Answer:
Autocratic; autocratic.
Explanation:
A leader can be defined as an individual who is saddled with the responsibility of controlling, managing and maintaining a group of people under him or her.
Some types of power expressed by leaders are referent power, coercive, etc.
An autocratic leadership style accords a centralized decision-making power to the leader. Thus, they do not have to entertain any suggestions or initiatives from their subordinates.
Furthermore, this leadership style is very much effective for making decisions quickly but it's generally not successful in facilitating or enhancing employee engagement with management or maintaining worker satisfaction.