Answer:
Predetermined overhead rate = $ 9.75 per direct labor hours
Overhead applied = $897,000
Explanation:
Given:
Budgeted Overhead cost = $975,000
Actual Overhead cost = $950,000
Budgeted Machine hours = 50,000
Actual Machine hours = 45,000
Budgeted Direct labor hours = 100,000
Actual Direct labor hours = 92,000
Computation:
(a) Predetermined overhead rate.
Predetermined overhead rate = budgeted overhead cost / budgeted direct labor hours
Predetermined overhead rate = $975,000 / 100,000
Predetermined overhead rate = $ 9.75 per direct labor hours
(b) Amount of overhead applied for the year.
Overhead applied = Actual hours × Predetermined overhead rate
Overhead applied = 92000 × $9.75
Overhead applied = $897,000
Suppose you carelessly, but unintentionally, knocked someone down a flight of stairs in your home. you would be covered by your homeowner's insurance.
a. True
b. False
True, Suppose you carelessly, but unintentionally, knocked someone down a flight of stairs in your home. you would be covered by your homeowner's insurance.
An agreement to guarantee another party compensation in exchange for a fee constitutes insurance, a strategy for protecting against financial loss. A way to control your risk is through insurance. When you purchase insurance, you protect yourself against unforeseen financial losses. If something unfavorable occurs to you, the insurance company pays you or a person of your choice. A homeowner is a person who owns a home, including the apartment or house where they reside. This policy, which is the one that homeowners use the most frequently, is created to cover all aspects of the house, its structure, and its contents.
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how can learning online improve our service?
Answer:
1.It convince
2.it fast
3.people easily find their need in online site
Explanation:
people can either find more costumer and fast sell
Liebeck v. McDonald's
Do you agree with the end result of this case? Why or why not?
Whether or not someone agrees with the end result of the case is a matter of personal opinion and perspective.
In the Liebeck v. McDonald's case, the plaintiff, Stella Liebeck, sued McDonald's after suffering third-degree burns from hot coffee that she spilled on herself while in a car. She argued that the coffee was too hot and that McDonald's was negligent in serving it at such a high temperature. The jury awarded Liebeck $2.7 million in damages, which was later reduced to $640,000 on appeal.
Some people argue that the end result of the case was justified, as McDonald's had a duty to ensure that its products were safe for consumers and should have known that serving coffee at such a high temperature could cause harm. Others, however, argue that the damages awarded were excessive and that Liebeck was partially responsible for her own injuries by spilling the coffee.
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A manager’s position in the organization, ability to give out rewards, and other factors give the manager ____________, which is the potential to impact the behavior of other people.
A. power
B. influence
Record the following transactions for Mouser Pet Foods, Inc., in the financial statements effects template below (in thousands).
Sell stock in company for $78,000
Obtain long-term bank loan of $30,000.
Purchase manufacturing equipment for $20,400 cash.
Rent manufacturing and warehousing space and pay $34,800 in advance for the year.
Purchase $30,000 of inventory, paying $6,000 in cash and the remaining amount on credit.
Sell half of the inventory purchased in Transaction e for $33,900 on account.
Pay $24,000 to creditors.
Make loan payment of $4,800 of which interest is $480 and the rest is principal.
($ thousands)
Balance Sheet
Income Statement
Transaction
Cash Asset
+
Noncash Assets
=
Liabil-
ities
+
Contrib. Capital
+
Earned
Capital
Rev-enues
–
Expen-ses
=
Net
Income
a)
=
–
=
b)
=
–
=
c)
=
–
=
d)
=
–
=
e)
=
–
=
f)
=
–
=
g)
=
–
=
h)
=
–
=
Answer:
C
Explanation:
Heheheha
Does the requirement to walk an average of eight or nine miles at a fast pace every day strike you as a reasonable expectation for employees at Amazon, or any other workplace?
The requirement to walk an average of eight or nine miles at a fast pace every day strike as a reasonable expectation for employees at Amazon Distribution center, or workplace like warehouses.
What is a Amazon Distribution center?Amazon is online ecommerce platform where goods are sold via use internet & electronic device. Amazon has large distribution centers across the globe. The Employees who work there have great amazon pace in movement of goods.
The Amazon Pace is a quick, aggressive walk, verified that the typical workers walks between eight and nine miles every shift.
These workers are referred to as "pickers," and it is their responsibility to swiftly fill orders and transport them to the processing and packing center. The center's layout, which is a trade secret, produces a random distribution of products.
Therefore there is material requirement of quick pace in Amazon centers as well as places like warehouses.
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Why should you begin a case analysis with a financial analysis? When are other approaches appropriate?
A case analysis should start with a financial analysis because it shows how significant the problem is for a company. The primary goal of a business is to make money. studying the firm's total success is thus achievable through studying its financial performance.
A financial analysis will not only help you understand your company's financial health, determining its creditworthiness, profitability, and ability to generate money, but it will also provide you a more in-depth look at how well it functions internally. Horizontal analysis, vertical analysis, ratio analysis, trend analysis, and cost-volume profit analysis are the five most popular approaches to financial statement analysis. Each method enables the creation of a more thorough and sophisticated financial profile.
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Halifax Manufacturing allows its customers to return merchandise for any reason up to 90 days after delivery and receive a credit to their accounts. All of Halifax’s sales are for credit (no cash is collected at the time of sale). The company began 2021 with a refund liability of $400,000. During 2021, Halifax sold merchandise on account for $12,500,000. Halifax merchandise costs it 70% of merchandise selling price. Also during the year, customers returned $613,000 in sales for credit, with $338,000 of those being returns of merchandise sold prior to 2021, and the rest being merchandise sold during 2021. Sales returns, estimated to be 5% of sales, are recorded as an adjusting entry at the end of the year. A) Prepare the entry to record the merchandise returns and the year-end adjusting entry for estimated returns. Note: Record the estimated returns at net amounts. B) What is the amount of the year-end allowance for sales returns after the adjusting entry is recorded?
A)To record the merchandise returns: Sales Returns and Allowances $613,000 Accounts Receivable $613,000 To record the year-end adjusting entry for estimated returns:
Estimated Sales Returns and Allowances $625,000Allowance for Sales Returns and Allowances $625,000 The estimated sales returns and allowances of $625,000 is calculated as follows: Sales = $12,500,000 Estimated returns (5% of sales) = $625,000 Since $338,000 of the returns were for merchandise sold prior to 2021, we need to subtract this amount from the total returns to determine the amount of returns for merchandise sold during 2021: Returns for merchandise sold during 2021 = $613,000 - $338,000 = $275,000 The net amount of the estimated returns is calculated as follows: Estimated returns = $625,000 Less: Returns for merchandise sold prior to 2021 = $338,000 Net estimated returns for merchandise sold during 2021 = $287,000 The adjusting entry is recorded for the net estimated returns of $287,000. B) The year-end allowance for sales returns after the adjusting entry is recorded is calculated as follows: Refund liability at the beginning of the year = $400,000 Add: Returns for merchandise sold during 2021 = $275,000 Subtract: Net estimated returns for merchandise sold during 2021 = $287,000 Year-end allowance for sales returns = $388,000 Therefore, the year-end allowance for sales returns after the adjusting entry is recorded is $388,000.
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A successful data-driven market segmentation program depends on each of the following except:
a.
the rejection of tradiitional marketing research techniques
b.
the use of transactional and event data
c.
a common definition of market segments across all areas of the business
d.
developing a centralized and accessible CRM (Customer Relationship Management) database
A successful data-driven market segmentation program depends on the "use of transactional and event data", "a common definition of market segments", "and the development of a centralized CRM database" but it does not depend on "the rejection of tradiitional marketing research techniques".
The correct option to the given question is option a.
Traditional marketing research techniques, such as surveys, focus groups, and interviews, have long been used to gather insights about consumer behavior and preferences. While these techniques may have limitations, they still play a valuable role in understanding customer motivations and attitudes. Data-driven market segmentation programs can benefit from a combination of both traditional and data-driven research approaches. The use of transactional and event data is crucial for a data-driven market segmentation program. This type of data provides valuable information about customer behaviors, purchase patterns, and interactions with the business.
Having a common definition of market segments across all areas of the business ensures consistency and alignment in marketing efforts. This allows for targeted and personalized messaging that resonates with each segment. It also facilitates coordination between different departments, such as marketing, sales, and customer service, leading to a more cohesive and effective customer experience.
Finally, developing a centralized and accessible CRM database is essential for managing and analyzing customer data. It enables the integration of data from various sources, such as transactions, interactions, and demographic information, into a single platform. This centralized database provides a comprehensive view of customers, enabling more accurate segmentation and personalized marketing initiatives.
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How long should a résumé be
Answer:
Mark Brainliest
Explanation:
For most candidates, a resume should be only one page. Be brief and concise with anything you write on your resume. Customize your resume for the job you're applying for and include only relevant experience. If you've done everything right, you shouldn't get past one page
If you wanted to buy a house that cost $150,000 with a down payment of five percent, how much would you need for the down payment?
After computing five percent of the cost of the house as the down payment, the value was gotten as $7500
Word ProblemGiven Data
Cost of House = $150,000Percentage Down Payment = 5%Let us find the amount in down payment needed
Amount of Down Payment = 5/100*$150,000
Amount of Down Payment = 0.05*$150,000
Amount of Down Payment = 0.05*$150,000
Amount of Down Payment =$7500
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According to Marxian conflict theory, as capitalism progresses, a. the professional-managerial class will become part of the elite. b. the classes will become polarized with no overlap or mobility. c. many of those in the middle class will drop into the working class as they are pushed out of managerial jobs into working-class jobs. d. corporate mergers will redistribute wealth from being in the hands of the few to society’s "have-nots."
Answer:
c. many of those in the middle class will drop into the working class as they are pushed out of managerial jobs into working-class jobs.
Explanation:
As per the Marxian conflict theory the capitalism progress would refer to many of the middle class also it would be fall into the working class as they out pushed from the managerial jobs into the working job class
So as per the given situation the option c is correct
And rest of the options are wrong
he December 31, 2018, balance sheet of Whelan, Inc., showed $120,000 in the common stock account and $2,289,000 in the additional paid-in surplus account. The December 31, 2019, balance sheet showed $137,000 and $2,568,000 in the same two accounts, respectively. If the company paid out $149,500 in cash dividends during 2019, what was the cash flow to stockholders for the year?
the cash flow to stockholders for the year is $169,000 negative.
Equity is equal to common stock plus any paid-in surplus.
Common stock plus additional paid-in excess equals total equity at the outset.
=136,000+2,610,000=$2,746,000
Common stock + Extra Paid-in Surplus = Total Equity at End
=146,000+2,910,00)=$3,056,000
Hence, new equity equals total equity at the end minus total equity at the beginning.
3,056,000-2,746,000=$310,000
Dividends paid minus new equity equals cash flow to investors.
= 141,000-310,000
= -169,000
=$169,000 a loss
a sum of money distributed to shareholders from a company's profits. Although they can do so at any time, public firms that pay dividends often do so on a predetermined timetable. Special dividends or additional dividends are terms used to describe unexpected dividend payouts.
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for personal finance course
When the Fed conducts an open market sale of government bonds, what does it want to happen to bank lending as a result?
a. a decrease in bank lending to decrease the money supply
b. an increase in bank lending to increase the money supply
c. an increase in bank lending to decrease the money supply
d. a decrease in bank lending to increase the money supply
When the Fed conducts an open market sale of government bonds, this will cause an increase in bank lending to increase the money supply. Option B
This is further explained below.
What are government bonds?Generally, A financial obligation that is issued by a national government to finance government expenditure is referred to as a government bond, sovereign bond, or simply bond.
In most cases, it entails a promise to reimburse the principal amount on the maturity date and to make what is known as coupon payments, which are interest payments made at regular intervals.
In conclusion, the Federal Reserve performs a sale of government bonds on the open market, this will result in a rise in bank lending, which will result in an increase in the money supply.
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PLSSS HELPPPPP!!!!!!! i can't fail this class 1. how is the use of technology education beneficial to schools?
2. how has technology education benefited you as a student?
3. what are 7 disadvantages and disadvantages of technology? give 3 examples of each.
Answer:
deez
Explanation:
nutz
Please think about and answer the following questions. Sales forecasts are important because knowing how many people you will serve is important. What are three specific problems that will occur when managers consistently underestimate the number of guests they will serve on a given day? What are three specific difficulties that will likely result if managers consistently overestimate the number they will serve?
The 4 specific difficulties that will likely result if managers consistently overestimate the number they will serve includes:
companies labor cost will go upcompany will lose money on the business because they will continue paying the employees even if they are not making enough in guest salescompany could possibly lose money on food costs.What is a Sales forecasts?Basically, a forecast refers to the technique that uses historical data as inputs to make informed estimates that are predictive in determining the direction of future trend. A sales forecast are mostly used by selling organization.
This sales forecast is often an expression of expected sales revenue; it helps to estimates how much your company plans to sell within a certain time period such as quarter or year and the best sales forecasts will do this with a high degree of accuracy.
However, in the question context, some difficulties that will likely result if managers consistently overestimate the number they will serve includes the companies labor cost will go up, company will lose money on the business because they will continue paying the employees even if they are not making enough in guest sales and company could possibly lose money on food costs.
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Among the following, who is not a Management expert? Peter F. Drucker Mc Kinsey Albert Grahmbell Elton Mayo
Answer:
Elton mayo should be the answer
Albert Grahmbell is not a Management expert.
Peter Ferdinand Drucker was an Austrian-American author, educator, and management consultant whose works helped provide the theoretical and operational groundwork for the contemporary commercial company.
Decentralization, prioritising knowledge work, management by objectives, and SMART goals are the tenets of Drucker's theory of management.
James O. McKinsey, a professor at the University of Chicago, founded McKinsey & Company in 1926. This multinational management consulting firm provides expert services to businesses, governments, and other organisations.
The idea that social and relational elements have a greater impact on employee motivation than economic or environmental factors is supported by Elton Mayo's management theory.
Who was Albert Grahmbell?Scottish-born American audiologist and inventor Alexander Graham Bell was born in Edinburgh, Scotland, on March 3, 1847, and passed away in Nova Scotia, Canada, on August 2, 1922. In order to spread the visible-speech method created by his father, Alexander Melville Bell (1819–1905), he relocated to the United States in 1871. He started his own deaf teacher training programme in Boston in 1872, and he had a significant impact on the spread of these techniques. He was the first to send understandable words via an electric wire in 1876 (he said to his assistant Thomas Watson, "Watson, come here, I want you"). In the same year that he cofounded Bell Telephone Co., he also received a patent for the telephone. In 1880, he established Volta Laboratory in Washington, D.C., using the money from France's Volta Prize. His experiments there resulted in the development of the photophone, which used light to transmit voice, the audiometer, an early practical sound recorder called the Graphophone, and workable wax recording media in both cylindrical and flat forms for the Graphophone. The American Association to Promote Teaching of Speech to the Deaf was created by him in 1890, and he was primarily responsible for launching the journal Science. He also conducted extensive study on deafness throughout his life.
Supporting answer
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Discuss the various system for internal administration for financial organisation.
The various system for the internal administration of financial organizations includes accounting systems, budgeting systems, internal controls, performance management systems, risk management systems, and compliance management systems.
Internal administration systems for financial organizations are systems that oversee the internal functioning of the financial organizations and their staff. They enable businesses to establish and follow specific procedures that ensure their operations are stable, transparent, and responsible.
Here are some of the various systems for internal administration for financial organizations:
1. Accounting systems: Accounting systems are essential to ensure the accuracy of financial transactions and the reliability of financial statements. The accounting system should provide information about the current financial status of the organization and account for all income and expenses.
2. Budgeting systems: Financial organizations use budgeting systems to allocate resources and plan expenditures. This system can be used to control the financial performance of a department, project, or organization.
3. Internal controls: Internal controls are the procedures, policies, and activities that help an organization to maintain the integrity of its operations and prevent fraud. The effectiveness of these controls depends on how well they are implemented.
4. Performance management systems: Performance management systems are used to ensure that the goals of an organization are achieved. This system can be used to monitor and evaluate employee performance, provide feedback, and manage employee development.
5. Risk management systems: Risk management systems help financial organizations to identify and manage risks. They can be used to assess the risk associated with various activities and develop strategies to mitigate those risks.
6. Compliance management systems: Compliance management systems help financial organizations ensure that they are following all relevant regulations and laws. They can be used to monitor compliance with internal policies and procedures as well as external regulations.
In conclusion, internal administration systems for financial organizations are essential for ensuring the stability and transparency of financial operations. These systems include accounting systems, budgeting systems, internal controls, performance management systems, risk management systems, and compliance management systems.
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Assume that a business has $50000 of current assets and $40000 of current liabilities. What is the company’s current ratio?
Answer:
The company's current ratio is 1.25.
Explanation:
The current ratio is calculated by dividing the current assets by the current liabilities:
current assets=$50000
current liabilities=$40000
current ratio=$50000/$40000
current ratio=1.25
According to this, the answer is that the company's current ratio is 1.25.
what are the marketing channel distribution strategy
Answer:
The three types of distribution channels are wholesalers, retailers, and direct-to-consumer sales. ... Retailers are generally the customers of the wholesalers and offer high-touch customer service to the end customers.
I have $10,967.74 in a brokerage account, and plan to deposit an additional $6,000.00 at the end of every future year until my account totals $270,000 and I expect to earn 13% annually on the account. How many years will it take
Note that with respect to the deposite, it will take approximately 8.19 years for the account to reach $270,000.
How is this so?To determine how many years it will take for the account to reach $270,000,we can use the future value of an annuity formula.
The formula is -
FV = P x [(1 + r)ⁿ⁻¹] / r
Where -
FV = Future value ($270,000)
P = Annual deposit ($6,000)
r = Interest rate per period (13% or 0.13)
n = Number of periods (number of years)
We need to solve for n, so we can rearrange the formula as -
n = log((FV x r / P) + 1) / log(1 + r)
Plugging in the values -
n = log((270000 x 0.13 / 6000) + 1) / log(1 + 0.13)
Using a calculator, we find that n is approximately 8.19.
thus, it is corect to state that, it will take approximately 8.19 years for the account to reach $270,000.
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What is the purpose of blockchain technology?
The purpose of blockchain technology is to provide a decentralized and transparent system for recording and verifying transactions or information. It is a distributed ledger technology that allows multiple parties to maintain a shared database without the need for a central authority. Overall, blockchain technology provides a robust and secure framework for businesses to enhance security, transparency, efficiency, and trust in their operations, leading to improved processes and better customer experiences.
The main purpose of blockchain technology is to create a distributed and secure ledger of transactions. Some key aspects of blockchain technology include:
Distributed - The blockchain is distributed across a network of computers instead of being stored in a centralized location. This makes it more resistant to data tampering and hacking.
Secure - Blockchain uses cryptographic techniques to ensure the integrity and security of the data. Once a transaction is recorded, it is very difficult to change or hack the data.
Transparent - All transactions recorded on the blockchain are publicly visible to anyone with access to the network. This transparency helps prevent fraudulent activities.
Automatic - Blockchain uses a distributed consensus mechanism to automatically validate transactions. There is no need for a central authority or intermediary.
Immutable - Once a transaction is recorded on the blockchain, it is almost impossible to change. This immutability provides a high degree of certainty for transactions.
The main applications of blockchain technology are:
Digital currency - Blockchain underlies cryptocurrencies like Bitcoin which are decentralized digital currencies.
Financial transactions - Blockchain can be used to record financial transactions in an efficient, secure and transparent manner.
Supply chain management - Blockchain can track materials, payments and documents throughout supply chains.
Smart contracts - Self-executing contracts can be embedded in the blockchain to automatically execute terms of agreements.
Asset registry - Assets like land titles, jewelry, artwork, etc. can be recorded on a blockchain to prove ownership and authenticity.
In summary, the key purpose of blockchain technology is to create an incorruptible digital ledger of data that is distributed across a network. This makes the data secure, transparent and permanent.
Bay City uses the purchases method to account for supplies. At the beginning of the year the City had no supplies on hand. During the year the City purchased $600,000 of supplies for use by activities accounted for in the General Fund. The City used $400,000 of those supplies during the year. Assuming that the city maintains its books and records in a manner that facilitates the preparation of the fund financial statements, at fiscal year-end the appropriate account balances related to supplies expenditures and supplies inventory would be
Answer:
Supplies Expenditure $600,000
Supplies Inventory $200,000
Explanation:
Calculation for the appropriate account balances related to supplies expenditures and supplies inventory :
Supplies Expenditure will be $600,000 because during the year purchased of $600,000 supplies were made.
Therefore Supplies Expenditure will be $600,000
Supplies Inventory will be:
Purchased supplies $600,000
Less used supplies $400,000
Balance =$200,000
Therefore Supplies Inventory will be $200,000
Question 32
$24,800 is invested for 3 months in a savings account with a rate of 9% simple interest per year.
Find the interest.
$66,960.00
$5,580.00
$6,6960
$558.00
Suppose that you have purchased a 3-year zero-coupon bond with face value of $1000 and a price of $850. If you hold the bond to maturity, what is your annual return?
Answer:
Explanation: In this situation, our profits would be $150 ($1000-$850). The total return on investment is 17.65% ($150/$1000) for the life of the bond.
Therefore, the annual return, is simply 1/3 of 17.65%, which equals 5.88%.
If you have purchased a 3-year zero-coupon bond with face value of $1000 and a price of $850 and if you hold the bond to maturity, the annual return is simply 1/3 of 17.65% ,which equals 5.88%
What is zero-coupon bond?A zero-coupon bond is a bond that pays no interest and trades at a discount to its face value. It also called a pure discount bond or deep discount bond.
A zero-coupon bond is also known as accrual bond.
U.S. Treasury bills are an example of Zero-Coupon bond.
What is face value? Face value is an actual value of the digit in a number.Face value is the price that is printed on something.What is bond to maturity?A bond to maturity, is usually set when it is issued. Bond maturities can range from one day to 100 years, but the majority of bond maturities range from one to 30 years. Bonds are often referred to as being short-, medium- or long-term.
What is annual return?The annual return is the return that an investment provides over a period of time. it's a record of publicly available information about your company that appears on the Companies Register.
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A company proposes to invest in two divisible projects which are expected to generate the following cash flows. Cash flows Year Project A Project B
1 10,000 10,000
2 60,000 30,000
Additional information
1. The cost of capital applicable to both projects is 12%
2. Project A requires sh. 20,000 and Project B 10,000 initial investment. 3. The funds available are restricted as follows;
Years Cash available
0 1,000,000
1 800,000
4. Funds not utilized one year will not be available in the subsequent years. Required;
i. Formulate a linear programming model to solve the above problem. ii. Solve the problem graphically and comment on the proportion of investing on the two projects.
The graphical solution of this linear programming problem will involve plotting the feasible region defined by the constraints and identifying the corner points of the region. The corner point that maximizes the objective function will represent the optimal investment proportions between the two projects.
To formulate a linear programming model for the investment decision between Project A and Project B, we can define the following variables:
Let x be the amount invested in Project A (in thousands of shillings).
Let y be the amount invested in Project B (in thousands of shillings).
The objective is to maximize the total cash flows generated from the investments, which can be represented as: Maximize Z = 10x + 60y + 10x + 30y
Subject to the following constraints:
The total investment should not exceed the available funds:
x + y ≤ 1,000 (in thousands of shillings)
Project A requires an initial investment of 20,000 (in thousands of shillings):
x ≥ 20
Project B requires an initial investment of 10,000 (in thousands of shillings):
y ≥ 10
The funds available in each year should be utilized:
x + y ≤ 800 (for year 1)
The graphical solution of this linear programming problem will involve plotting the feasible region defined by the constraints and identifying the corner points of the region. The corner point that maximizes the objective function will represent the optimal investment proportions between the two projects.
Based on the graphical solution, the proportion of investing in the two projects will depend on the intersection of the feasible region and the objective function. The specific proportion will vary depending on the values and slopes of the constraints and objective function.
It is important to note that the actual graphical solution and interpretation of the proportion will require the specific values and plot of the feasible region and objective function.
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You, a Captain, are a section chief in Military Personnel and 2d Lt Smith’s supervisor. Lt Smith is a Force Support Officer. She has been on active duty for a year and in her present job for 10 months. She supervises 21 enlisted personnel who perform a variety of administrative tasks in support of a tactical fighter wing. She majored in business administration in college, served 3 years as an administrative specialist, and was an E-4 before being accepted for OTS. As an enlisted member, she graduated from technical school as an honor graduate and was cited on numerous occasions for outstanding performance. Her supervisors considered her a valuable asset to the unit and an expert in her area of responsibility. She’s very enthusiastic about her work and plans to make the Air Force a career.
Lieutenant Smith took over her job 2 months after the unit had received a rating of “marginal” by the numbered Air Force Inspector General’s evaluation team. At the end of her first week on the job, Lt Smith called her NCOIC and key supervisors together and told them that she wouldn’t tolerate marginal performance, that she had previous experience in this type of work, and would be looking at the quality of their work very closely. Since that time, Lt Smith has attempted to supervise every phase of work in her office and, at times, has involved herself in even the most routine decisions. Lt Smith assigns people to certain jobs within the office, plans the work schedule, leave schedule, and does most of the counseling in the office.
In the last 6 months, Lt Smith has ordered several people to work overtime to complete routine work ahead of schedule. Each time this has happened, the NCOIC has asked the lieutenant for permission to speak to her immediate supervisor. On each occasion, the lieutenant has told the senior master sergeant he must not take these internal problems to you, because she’ll take care of any problems in her section--and the NCOIC should remember who writes his EPR.
Most of the time, when Lt Smith approaches the work or break area where the workers are congregated, she notices all conversation stops and the personnel won’t talk to her unless she addresses them first. After reviewing a report yesterday, Lt Smith became very impatient. She bypassed his NCOIC and took the report directly to the Airman who had typed it. While Lt Smith was berating the Airman about the typing errors, the NCOIC walked into the office and asked the Airman what the problem was. The lieutenant became flustered, told the NCOIC she was tired of doing his job for him, and shoved the report into his hands. Lt Smith then went into her office and slammed the door.
The NCOIC relayed this situation to you and asked for your help. How will you help? BACKGROUND
*ENVIRONMENT: Airforce Base
*PEOPLE INVOLVE: The Captain, Lt Smith, Airman and NCOIC.
PROBLEM DEFINATION
*Lt Smith Unprofessional Behavior
DIAGNOSIS
*Marginal Performance
*Previous Experience
*Enthusiastic With her Job
*Academic Credibility
The lieutenant Smith has taken leave, and everything is running smoothly. People are, however, more attentive when she is present. Decisions are being delayed, and morale was low. The and other important supervisors are worried which some people may decide to due to her supervision, leave the service style.
Several issues must be addressed as a result of this case study. Lieutenant Smith's micromanagement technique is causing morale issues and may lead to retention issues, which is one of the main concerns. It's also troubling that she's requesting people to work extra hours without proper authorization or regard for the impact on their personal lives.
As her boss, you ought to tackle these concerns with Lt Smith and advise her on proper supervisory techniques. You could advise her to delegate more responsibilities to her NCOIC and other key supervisors, and to concentrate in strategic planning and decision-making instead of micromanaging every detail. We should also emphasise the significance of adhering to proper procedures for authorising overtime and taking into account the impact on personnel.
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Power Drive Corporation designs and produces a line of golf equipment and golf apparel. Power Drive has 100,000 shares of common stock outstanding as of the beginning of 2018. Power Drive has the following transactions affecting stockholders' equity in 2018.
March 1 Issues 50,000 additional shares of $1 par value common stock for $47 per share.
May 10 Purchases 4,500 shares of treasury stock for $50 per share. June 1 Declares a cash dividend of $1.25 per share to all stockholders of record on June 15. (Hint: Dividends are not paid on treasury stock.)
July 1 Pays the cash dividend declared on June 1.
October 21 Resells 2,250 shares of treasury stock purchased on May 10 for $55 per share.
Required:
Record each of these transactions
Answer:
See the journal entries below.
Explanation:
Each of these transactions can be recorded in the journal as follows:
Date Particulars Debit ($) Credit ($)
Mar 1 Cash (50,000 * $47) 2,350,000
Common stock 50,000
Additional Paid-in Capital 2,300,000
(To record Issue of 50,000 additional shares for $47 per share.)
May 10 Treasury stock (4,500 * $50) 225,000
Cash 225,000
(To record Purchase of 4,500 shares of treasury stock)
Jun 1 Dividend (w.1) 181,875
Dividend payable 181,875
(Record dividend declared.)
Jul 1 Dividend payable 181,875
Cash 181,875
(Record dividend paid.)
Oct 21 Cash (2,250 * $55) 123,750
Treasury stock (2,250 * $50) 112,500
Additional Paid-in Capital 11,250
(To record resale of shares of treasury stock.)
Working:
w.1. Dividend = Dividend per share * (Shares of common stock outstanding as of the beginning of 2018 + Additional shares issued on March 1 - Shares of treasury stock purchased on May 10) = $1.25 * (100,000 + 50,000 - 4,500) = $181,875
Sadie is a reporter who has researched an in-depth article about the prevalence of mercury found in local fish. During her investigation she finds that although a few fish have been caught with high levels of mercury, for the most part, they are rare. Considering that Sadie’s organization needs to sell ad space, which title will she MOST likely pick for this article?
A.
No Cause for Alarm with Local Fish
B.
Few Fish Affected by Mercury, Study Finds
C.
Mercury Levels Not an Issue Here
D.
Toxic Ingredients in Local Seafood
The title that Sadie is most likely to pick for the article, considering that her organization needs to sell ad space, is B. Few Fish Affected by Mercury, Study Finds.
Why is the title appropriate ?The title of Sadie's investigation accurately portrays the rarity of local fish with high mercury levels. It puts forward an optimistic perspective by emphasizing the low incidence of mercury within these aquatic species, possibly sparking interest from advertisers and readers.
However, choosing option A which says No Need to Worry About Local Fish, may undermine concerns related to mercury poisoning risks in fish, hindering engagement from people and marketers alike.
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