On January 1, 2019, Brooks, Inc., borrows $90,000 from a bank to purchase machinery. Brooks signs a 5 percent installment note requiring four annual payments of principal plus interest.

Required:
Complete the necessary journal entry

Answers

Answer 1

Answer:

A Journal entry for Brooks Incorporation on January 1, 2019 which is shown below

Explanation:

Solution

Given that:

           JOURNAL ENTRY FOR BROOKS INCORPORATION

Date               General Journal Debit Credit

Jan 01 2019                Cash        90000

                               Notes Payable          90000

Thus

A Journal entry was recorded for Brooks Incorporation.

Here, the cash of $90,000 was recorded at the debit side of the Journal.

While the notes payable of $90,000 was also recorded on the credit side


Related Questions

Westchester Corp. is considering two equally risky, mutually exclusive projects, both of which have normal cash flows. Project A has an IRR of 11%, while Project B's IRR is 14%. When the WACC is 8%, the projects have the same NPV. Given this information, which of the following statements is CORRECT?a. If the WACC is 9%, Project A's NPV will be higher than Project B's. b. If the WACC is greater than 14%, Project A's IRR will exceed Project B's. c. If the WACC is 13%, Project A's NPV will be higher than Project B's. d. If the WACC is 9%, Project B's NPV will be higher than Project A's. e. If the WACC is 6%, Project B's NPV will be higher than Project A's.

Answers

Answer:

d. If the WACC is 9%, Project B's NPV will be higher than Project A's.

Explanation:

The internal rate of return is the return in which the NPV is zero i.e cash inflows equal to the initial investment

While the WACC refers to the cost of capital by considering the capital structure i.e cost of equity, cost of preferred stock and cost of debt by taking their weightage

Now if the WACC is 9% so project B NPV would be higher as compared to project A as we can see that project B IRR is greater than the project A IRR

Therefore option d is correct

Explain the provisions of section 302 of the Sarbanes-Oxley Act including obligations of officers; nature and scope of assertions; accounting requirements; and legal liability of officers.

Answers

Answer:

"Section 302 of the Sarbanes-Oxley Act states that the CEO and CFO are directly responsible for the accuracy, documentation and submission of all financial reports as well as the internal control structure to the SEC," according to sarbanes-oxley-101.com.  So, Section 302 is essentially about the responsibilities of principal officers of the company, especially the principal executive and financial officers.

1. Obligations of officers: To certify each annual and quarterly report.  To ensure that the issued financial statements and other financial information are not misleading.  To ensure that the information is fairly presented.

2. Nature and Scope of Assertions:

a) That the information presented are fairly presented with no misleading statements

b) That the internal controls are in place and operating effectively

c) To asset that they are aware of all material information relating to the issuing company

d) That they have evaluated internal controls, their effectiveness, and changes in controls.

3. Accounting requirements:

a) Ensure effective internal accounting controls

b) Disclose all material financial information to auditors and audit committee

c) File periodic reports to SEC in compliance with section 13(a) and 15(d) of the SEC Act of 1934.

4. Legal liability of officers:  This is covered in Section 906 of the Sarbanes-Oxley Act.  The section prescribes that officers are liable for "penalties upward of $5 million in fines and 20 years in prison" for any violation of the Act.

Explanation:

The Sarbanes-Oxley Act of 2002 is a federal law which was made in response to the accounting scandals following the collapse of Worldcom and Enron. The purpose of the Act was to safeguard shareholders, employees, and the public from accounting errors and fraudulent financial practices by listed companies.  According to sarbanes-oxley-101.com, the Act requires "all financial reports to include an Internal Controls Report," to prove the accuracy and adequacy of controls for ensuring that financial information is not misleading.

Companies that show profits on the income statement will always show positive cash flows from operating activities.

a. True
b. False

Answers

Answer:

B. False.

Explanation:

Firstly, explaining a cash flow statement will be explained or tells us how much cash from the business is entering and leaving your business. This is been explained better with the aid of a balance sheets and also income statements; these are practically three most important financial statements that helps effectively in accounts of business management in a small business accounting and making sure you have enough cash to keep operating.

Using a template or probably an excel spreadsheet, the income statement and cash flow statements are been well understood and at this it is totally false to say that companies that show profits on the income statement will always show positive cash flows from operating activities.

The cost of units transferred from Work in Process Inventory to Finished Goods Inventory is called the cost of goods manufactured.
1. True
2. False

Answers

Answer:

1. True

Explanation:

Work in process inventory is inventory that is still undergoing processing.  When the processing is completed, the goods (inventory) become finished goods.  And they are transferred to Finished Goods Inventory as cost of goods manufactured.  Finished Goods Inventory represents goods that are available for sale.  The cost of finished goods inventory also forms part of the cost of goods sold, which is used in determining the gross profit.  Accounting for work in process inventory is part of the multi-step system of accumulating and allocating cost of production to finished goods.

Gerard, a job applicant, was asked to appear for an interview by an organization. Gerard spent the first 15 minutes of the job interview relating details about his education and work experience to the interviewer. This is a _____ interview.

Answers

Answer:

The answer is biographical interview

Explanation:

A biographical interview takes place during an interview where the interviewee tells his or her life story(ranging from family background to work experience, education etc). It requires describing and explaining one's own life to the interviewer.

Examples of Biographical interview questions can be:

Tell me about yourself?

What are you strengths? Etc.

The sales budget for Perrier Inc. is forecasted as follows:

Month Sales Revenue
May $130,000
June 150,000
July 200,000
August 130,000

To prepare a cash budget, the company must determine the budgeted cash collections from sales. Historically, the following trend has been established regarding cash collection of sales: 60 percent in the month of sale. 20 percent in the month following sale. 15 percent in the second month following sale.

5 percent uncollectible.
60 percent in the month of sale.
20 percent in the month following sale.
15 percent in the second month following sale.

The company gives a 2 percent cash discount for payments made by customers during the month of sale. The accounts receivable balance on April 30 is $22,000, of which $7,000 represents uncollected March sales and $15,000 represents uncollected April sales. Prepare a schedule of budgeted cash collections from sales for May, June, and July. Include a three-month summary of estimated cash collections.

Answers

Answer:

                                        budgeted cash collections    

                                           May         June      July  

sales revenue                130,000     150,000  200,000

cash sales (60% x 0.98) 76,440      88,200    117,600

accounts receivable (March)   5,250  

accounts receivable (April)   7,500        5,625  

accounts receivable (May)               26,000     19,500

accounts receivable (June)                              30,000

total cash collections        219,190    269,825    367,100

 

I used net accounts receivables, that means I already discounted the 5% of collectibles.

Tropetech Inc. has an expected net operating profit after taxes, EBIT(1 – T), of $2,400 million in the coming year. In addition, the firm is expected to have net capital expenditures of $360 million, and net operating working capital (NOWC) is expected to increase by $45 million. How much free cash flow (FCF) is Tropetech Inc. expected to generate over the next year?

Answers

Answer:

FCF = $1,995 million

Explanation:

DATA

EBIT(1-T) = $2,400 million

Net Capital Expenditure = $360 million

Net operating working capital (NOWC) = $45 million

Free cash flow (FCF) expected to generate over next year can be calculated as

FCF = EBIT(1-T) - Capital Expenditure - Net operating working capital (NOWC)

FCF = $2,400 million - $360 million - $45million

FCF = $1,995 million

In order to find the future worth, F, from a present amount, P, 5 years from now at an interest rate of 6 % per year, compounded quarterly, what interest rate must be used in the F/P factor, (F/P,i%,n), when n is 20 quarters

Answers

Answer:

Interest rate = 1.5%

Explanation:

Given:

Future value = F

Present value = P

Number of Year (n) = 5 year × 4 quarters = 20

Interest rate = 6 % per year = 6 / 4 = 1.5% = 0.015

Computation:

Future value = Present value[tex](1+i)^n[/tex]

F/P = (1+0.015)²⁰

F/P = 1.34685501

When n = 20 quarters

F/P = (1+i)²⁰

1.34685501 = (1+i)²⁰

i = 0.015

Interest rate = 1.5%

Green Wave Company plans to own and operate a storage rental facility. For the first month of operations, the company has the following transactions.
1. January 1 Issue 10,000 shares of common stock in exchange for $38,000 in cash.
2. January 5 Purchase land for $22,000. A note payable is signed for the full amount.
3. January 9 Purchase storage container equipment for $8,600 cash.
4. January 12 Hire three employees for $2,600 per month.
5. January 18 Receive cash of $12,600 in rental fees for the current month.
6. January 23 Purchase office supplies for $2,600 on account.
7. January 31 Pay employees $7,800 for the first month's salaries.
Required:
1. Record each transaction. Green Wave uses the following accounts: Cash, Supplies, Land, Equipment, Common Stock, Accounts Payable, Notes Payable, Service Revenue, and Salaries Expense.
2. Post each transaction to T-accounts and compute the ending balance of each account. Since this is the first month of operations, all T-accounts have a beginning balance of zero.
3. After calculating the ending balance of each account, prepare a trial balance.

Answers

Answer:

1. January 1 Issue 10,000 shares of common stock in exchange for $38,000 in cash.

Dr Cash 38,000

    Cr Common stock 38,000

2. January 5 Purchase land for $22,000. A note payable is signed for the full amount.

Dr Land 22,000

    Cr Notes payable 22,000

3. January 9 Purchase storage container equipment for $8,600 cash.

Dr Equipment 8,600

    Cr Cash 8,600

4. January 12 Hire three employees for $2,600 per month.

no journal entry required

5. January 18 Receive cash of $12,600 in rental fees for the current month.

Dr Cash 12,600

    Cr Service revenue 12,600

6. January 23 Purchase office supplies for $2,600 on account.

Dr Supplies 2,600

    Cr Accounts payable 2,600

7. January 31 Pay employees $7,800 for the first month's salaries.

Dr Salaries expense 7,800

    Cr Cash 7,800

cash                                                  common stock

debit              credit                         debit              credit  

38,000                                                                    38,000

                     8,600

12,600

                     7,800  

34,200

land                                                  notes payable

debit              credit                         debit              credit  

22,000                                                                    22,000

equipment                                       service revenue

debit              credit                         debit              credit  

8,600                                                                      12,600

supplies                                           accounts payable

debit              credit                         debit              credit  

2,600                                                                      2,600

salaries expense                                  

debit              credit

7,800

Green Wave Company

trial balance

                                                     debit                       credit

Cash                                             $34,200

Supplies                                         $2,600

Land                                             $22,000

Equipment                                     $8,600

Accounts payable                                                         $2,600

Notes payable                                                             $22,000

Common stock                                                            $38,000

Service revenue                                                          $12,600

Salaries expense                          $7,800

total                                             $75,200                  $75,200

Answer1:

                              Jounal enteries are :

1) Dr Cash 38,000

       Cr Common stock 38,000

2)   Dr Land 22,000

            Cr Notes payable 22,000

3)   Dr Equipment 8,600

                         Cr Cash 8,600

4) No journal entry required

5) Dr Cash 12,600

      Cr Service revenue 12,600

6. Dr Supplies 2,600

       Cr Accounts payable 2,600

7. Dr Salaries expense 7,800

                               Cr Cash 7,800

Answer 2:

   cash                                                  common stock

debit              credit                            debit              credit  

38,000                                                                    38,000

                    8,600

12,600

                    7,800  

34,200

land                                                  notes payable

debit              credit                         debit              credit  

22,000                                                                    22,000

equipment                                       service revenue

debit              credit                         debit              credit  

8,600                                                                      12,600

supplies                                           accounts payable

debit              credit                         debit              credit  

2,600                                                                      2,600

salaries expense                                

debit              credit

7,800

Answer 3:                Green Wave Company

                      Trial balance

  Enteries                                        debit                       credit

Cash                                             $34,200

Supplies                                         $2,600

Land                                             $22,000

Equipment                                     $8,600

Accounts payable                                                         $2,600

Notes payable                                                             $22,000

Common stock                                                            $38,000

Service revenue                                                          $12,600

Salaries expense                          $7,800

Total                                             $75,200                  $75,200

Learn more about "Trial Balance":

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A random sample of 10 parking meters in a beach community showed the following incomes for a day. Assume the incomes are normally distributed. $3.60 $4.50 $2.80 $6.30 $2.60 $5.20 $6.75 $4.25 $8.00 $3.00 Find the 95% confidence interval for the true mean. (Be sure to indicate your calculations for mean and standard deviation)

Answers

Answer:

The 95% confidence interval for the true mean would be between 3.39 and 6.01

Explanation:

In order to calculate the 95% confidence interval for the true mean we would have to calculate first the mean and standard deviation as follows:

mean=∑Xi/n

mean=$3.60 $4.50 $2.80 $6.30 $2.60 $5.20 $6.75 $4.25 $8.00 $3.00/10

mean=4.7

standard deviation=√∑(Xi-mean)∧2/n-1

standard deviation=1.83

t critical=2.262

The confidence interval=mean +/- t critical*standard deviation/√10

The confidence interval=4.7 +/- 2.262*1.8338/√10

The confidence interval=(3.39, 6.01)

The 95% confidence interval for the true mean would be between 3.39 and 6.01

If a company made a bank deposit on September 30 that did not appear on the bank statement dated September 30, in preparing the September 30 bank reconciliation, the company should:

Answers

Answer:

The answer is 'add the deposit to the end cash balance per bank statement'

Explanation:

The company made a deposit on the last day of September and this was not recorded by the bank i.e it will not be shown on the bank statement at September 30. The company had already recorded this deposit in the cash book at office. This means the bank statement is less this deposit amount.

To correct this anomaly, the deposit that was not recorded by the bank will be added to the end cash balance as per bank statement.

Can you explain answer below:

#28 The Canadian subsidiary of a U.S. company reported cost of goods sold of 50,000 C$, for the current year ended December 31. The beginning inventory was 15,000 C$, and the ending inventory was 10,000 C$. Spot rates for various dates are as follows:

Date beginning inventory was acquired $1.08 = 1C$

Rate at beginning of the year $1.10 = 1C$

Weighted average rate for the year $1.12 = 1C$

Date ending inventory was acquired $1.13 = 1C$

Assuming the Canadian dollar is the functional currency of the Canadian subsidiary, the translated amount of cost of goods sold that should appear in the consolidated income statement is

Answer is C. $56,000

Answers

Answer:

$56,000

Explanation:

Data:

Cost of good sold (single) = $50,000

Weighted average rate of the year = $1.12

Cost of good sold consolidated = ???????

Solution:

In order to find the translated amount of cost of goods sold that should appear in the consolidated income statement, we will multiply the cost of goods sold given for Canadian subsidiary with the weighted average rate of the year.

Calculation:

Cost of good sold (consolidated) = $50,000 x $1.12

Cost of good sold (consolidated) = $56,000

What is Tesla’s long-term portion of capital lease obligations as of December 31, 2013 (in $ thousands)? Please provide your answer without comma separator or decimal (Ex: 23456)

Answers

Answer:

Tesla's long-term portion of capital lease obligations as of December 31, 2013 (in $ thousands)

= 10460

This figure was obtained from the sec.gov/Archives/edgar/data.com.htm site.

Explanation:

A capital lease obligation is the amount of lease for capital assets under a capital lease agreement.  Generally, lease agreements are usually classified as either operating lease or capital lease.  The portion of capital lease obligations that are maturing within the current accounting period or within the next 12 months are classified as current.  The reminder which matures after the next 12 months are classified as long-term.

Accounting for leases are currently under the purview and guidance of IFRS 16 Leases or FASB's ASC 842 Leases.

Grand River Corporation reported taxable income of $550,000 in 20X3 and paid federal income taxes of $192,500. Not included in the computation was a disallowed meals and entertainment expense of $3,000, tax-exempt income of $2,000, and deferred gain on a current-year transaction treated as an installment sale of $30,000. The corporation's current earnings and profits for 20X3 would be:_________

Answers

Answer:

$336,500

Explanation:

Grand River corporation has a taxable income of $500,000 in 20X3

They paid a federal income tax of $192,500

The amount of expense that was not added to the report is $3,000

The tax exempt income is $2,000

The deferred gain is $30,000

Therefore, the current earinings and profits of the corporation for the year 20X3 can be calculated as follows

= Taxable income-federal income taxes-expenses-tax exempt income+deferred gain

=$500,000-$192,500-$3,000+$2,000+$30,000

= $336,500

Hence the current earnings and profits for the corporation is $336,500

Cost centers are evaluated primarily on the basis of their ability to control costs and:_______.
A) Their return on assets.
B) Residual income.
C) The quantity and quality of the services they provide.
D) Their contribution margin ratio.

Answers

Answer:

C.

The quality and quantity of the services they provide

Explanation:

When we talk of cost centers in an organization, we refer to such as departments that does not contribute to the overall profitability of the organization but still cost the organization some amount to operate.

What this means is that although, they give no profit to the organization, they add to the total bill of the organization.

So how do we evaluate them?

Since they are not here for profitability, the measure of how they are relevant to the company is measured on two basis.

They are evaluated on their ability to control costs and also the quality and quantity of the services these centers provide

In the United States banking policies and procedures are set by the:

-president
-senate
-House of representatives
-federal reserve

Answers

Answer:

Federal Reserve.

Explanation:

Federal Reserve is a large central bank in Washington, D.C. that was founded in 1913. It lends money to other, smaller banks.

Rodriguez Company pays $310,000 for real estate plus $16,430 in closing costs. The real estate consists of land appraised at $215,000; land improvements appraised at $86,000; and a building appraised at $129,000.Required:1. Allocate the total cost among the three purchased assets.2. Prepare the journal entry to record the purchase.

Answers

Answer:

Required 1.

Land =  $163,215

Land improvements = $65,286

Buildings =  $97,929

Required 2.

Land  $163,215 (debit)

Land improvements $65,286 (credit)

Buildings $97,929 (credit)

Cash $310,000 (credit)

Explanation:

Allocation of the purchase cost must be made on the bases appraisal value.

Total Appraisal Value =  $215,000 + $86,000 + $129,000

                                    =  $430,000

Land = $215,000 /  $430,000 × $326,430

        = $163,215

Land improvements =  $86,000 / $430,000 × $326,430

                                 = $65,286

Buildings = $129,000 / $430,000 × $326,430

                = $97,929

The flying of new employees to a three-day training session at Uberversity in San Francisco to learn about the company is part of the organization's:_______
a) labor relations
b) selection process
c) performance management
d) benefits
e) onboarding

Answers

Answer:

e) onboarding

Explanation:

Onboarding is the process by which new employees are introduced to the companie's culture including operational procedures and training on their job roles.

Onboarding is an important step in making the employee more efficient on the job. It is also called organisational socialising.

In the given scenario where new employees fly to a three-day training session at Uberversity in San Francisco to learn about the company, is an onboarding process.

Simkin Corporation purchased land for $420,000. Later in the year, the company sold a different piece of land with a book value of $155,000 for $110,000.How are the effects of these transactions reported on the statement of cash flows? Use the minus sign to indicate cash out flows, cash payments, decreases in cash and for any adjustments, if required. If a transaction has no effect on the statement of cash flows, select "No effect" from the drop down menu and leave the amount box blank.

Answers

Answer:

Transaction                     Amount        Statement of cash-flow

Purchase of land            420000         Investing activities

Sale of land                     110000          Investing activities

Loss on sale of land        45000          Operating activities

A company purchased a commercial dishwasher by paying cash of $5,300. The dishwasher's fair value on the date of the purchase was $5,700. The company incurred $320 in transportation costs, $210 installation fees, and paid a $230 fine for illegal parking while the dishwasher was being delivered. For what amount will the company record the dishwasher

Answers

Answer:

$5,830

Explanation:

Relevant data provided

Cash paid = $5,300

Transportation cost = $320

Installation fees = $210

The computation of the amount that will record the dishwasher is shown below:-

Total cost = Cash paid + Transportation cost + Installation fees

= $5,300 + $320 + $210

= $5,830

Therefore for computing the total cost we simply applied the above formula and ignore all other values as they are not relevant.

Femur Co. acquired 70% of the voting common stock of Harbor Corp. on January 1, 2020. During 2020, Harbor had revenues of $2,500,000 and expenses of $2,000,000. The amortization of fair value allocations totaled $60,000 in 2020. Not including its investment in Harbor, Femur Co. had its own revenues of $4,500,000 and expenses of $3,000,000 for the year 2020. The noncontrolling interest's share of the earnings of Harbor Corp. for 2020 is calculated to be

Answers

Answer:

The answer is $132,000

Explanation:

Solution

Given that:

Harbor revenues = $2,500,000

Expenses = $2,000,000

The amortization of fair value allocations = $60,000

Femur corporation revenues =$4,500,000

expenses = $3,000,000

Now,w e have to compute for the non controlling interest's share of the earnings of Harbor Corp which is given below:

=[revenue of harbor - expenses of harbor - amortization of fair value allocations]  30%

= [$2,500,000  - $2,000,000- $60,000] * 30%

=[$500000 - $60000]* 30%

=$132,000

Therefore the non controlling interest's share of the earnings of Harbor Corp is $132,000

A stock has an expected return of 12.6 percent, the risk-free rate is 7 percent, and the market risk premium is 10 percent. What must the beta of this stock be

Answers

Answer:

0.56

Explanation:

In this question we used the Capital Asset Pricing Model formula i.e shown below:

As we know that

Expected rate of return = Risk free rate of return + Beta × market risk premium

12.6% = 7% + Beta × 10%

12.6% - 7% = Beta × 10%

5.6% = Beta × 10%

So, the beta is

= 5.6% ÷ 10%

= 0.56

Hence, the beta of the stock is 0.56

42) Joe just inherited the family business, and having no desire to run the family business, he has decided to sell it to an entrepreneur. In exchange for the family business, Joe has been offered an immediate payment of $100,000. Joe will also receive payments of $50,000 in one year, $50,000 in two years, and $75,000 in three years. The current market rate of interest for Joe is 6%. In terms of present value (PV), how much will Joe receive for selling the family business? A) $$245,641 B) $254,641 C) $641,254 D) $254,461

Answers

Answer:

Total PV= $254,641.08

Option B.

Explanation:

Giving the following information:

Cash flows:

Cf0= $100,000

Cf1= 50,000

Cf2= 50,000

Cf3= 75,000

Interest rate= 6%

To calculate the present value, we need to use the following formula on each cash flow:

PV= FV/(1+i)^n

Cf0= 100,000

Cf1= 50,000/1.06= 47,169.81

Cf2= 50,000/1.06^2= 44,499.82

Cf3= 75,000/1.06^3= 62,971.45

Total PV= $254,641.08

Garcia Company has 10,400 units of its product that were produced last year at a total cost of $156,000. The units were damaged in a rainstorm because the warehouse where they were stored developed a leak in the roof. Garcia can sell the units as is for $3 each or it can repair the units at a total cost of $18,400 and then sell them for $7 each. Calculate the incremental net income if the units are repaired

Answers

Answer:

$23,200

Explanation:

                              Alternative 1               Alternative 2            Incremental

                              no repairs                   repair units              revenue

sales revenue       $31,200                       $0                            ($31,200)

repair costs           $0                                -$18,400                  ($18,400)

revenue from        $0                                $72,800                  $72,800

selling repaired units                                                                                    

total                                                                                            $23,200

Incremental revenues refer to the extra or additional revenues generated by a business activity or transaction. In this case, repairing and then selling the damaged units would increase income by $23,200.

In Concord, Inc., the Assembly Department started 61000 units and completed 70700 units. If beginning work in process was 30800 units, how many units are in ending work in process?

Answers

Answer:

Closing inventory = 21,100 units

Explanation:

The closing working in progress represent the units of work at the end of the period for which are yet to be completed in the period.

It is the sum of the opening inventory and the units introduced less the completed units. This given below in mathematical terms

Closing inventory = Opening inventory + Newly added - completed units

                          = 30,800 + 61,000 - 70,700= 21,100

Closing inventory = 21,100 units

Reports are the primary means of communication in an organization. Illustrate the comment.

Answers

Answer: hi

Explanation: bye

Suppose Stark Ltd. just issued a dividend of $2.33 per share on its common stock. The company paid dividends of $2.00, $2.08, $2.15, and $2.26 per share in the last four years. If the stock currently sells for $55, what is your best estimate of the company's cost of equity capital using the arithmetic average growth rate in dividends?What if you use the geometric average growth rate?

Answers

Answer:

arithmetic average growth rate = (4% + 3.37% + 5.12% + 3.1%) / 4 = 3.9%

we need to find the required rate or return (RRR) in the following formula:

stock price = expected dividend / (RRR - growth rate)

expected dividend = $2.33 x 1.039 = $2.42stock price = $55growth rate = 0.039

55 = 2.42 / (RRR - 0.039)

RRR - 0.039 = 2.42 / 55 = 0.044

RRR = 0.083 = 8.3%

geometric average growth rate = [(1.04 x 1.0337 x 1.0512 x 1.031)¹/⁴] - 1 = 3.89%

again we need to find the required rate or return (RRR) in the following formula:

stock price = expected dividend / (RRR - growth rate)

expected dividend = $2.33 x 1.0389 = $2.42stock price = $55growth rate = 0.0389

55 = 2.42 / (RRR - 0.0389)

RRR - 0.0389 = 2.42 / 55 = 0.044

RRR = 0.0829 = 8.29%

A good manager can be flexible when it comes to sticking to the original plan; to get good results, the intended strategy has to become the realized strategy.

a. True
b. False

Answers

Answer:

False

Explanation:

Hope this helps my loves :)

On August 21, Alix Company receives a $2,000, 60-day, 6% note from a customer as payment on her account. How much interest will be due on October 20 - the due date?
a. $10
b. $20
c. $140
d. $120

Answers

Answer:

b. $20

Explanation:

Calculation of how much interest will be due on October 20 - the due date

Using this formula

Interest due = Amount received ×Numbers of days ×Note percentage

Let plug in the formula

Interest due =$2,000 x (60/360) x 0.06

Interest due=$2,000×0.17×0.06

Interest due =$20

Therefore $20 interest is the amount of interest that will be due on October 20the due date.

What action can a supervisor take to reinforce the desired change and create a work environment that nourishes successful people?

Answers

Answer:

Communicate the reasons for the change.

Explanation:

Remember, reinforcement involves not necessarily employing harsh measures, but communicating with a view to persuade into action.

Since a supervisor is often seen as a head among his colleagues, he thus can exert influence on other employees by explaining the reasons and benefits for such change, doing so would steer employees into accepting the organisational change.

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