FILL IN THE BLANK ________ teams have been found to have a positive effect on productivity and attitudes of control, yet no impact on job satisfaction or organizational commitment.
Project
Cross-functional
Work
Self-managed
Virtual

Answers

Answer 1

Self-managed teams have been found to have a positive effect on productivity and attitudes of control, yet no impact on job satisfaction or organizational commitment (Option 4).

What are self-managed teams?

Self-managed teams are different organizational groups in which the individuals that form part of the institution are able to take decisions on their own, which has positive outcomes in terms of productivity and also the ability to handle different situations.

Therefore, with this data, we can see that self-managed teams are positive in the way that they can manage different situations and it increases productivity.

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Related Questions

review the 60 Minutes video on Mark Zuckerberg

The person name and their position at the company
Examples of how their leadership style or qualities impact employee performance and morale

Answers

The leader's leadership style has an impact on group performance and goal achievement since it influences employee behavior.

What is leadership about?

A leader's leadership style relates to how he or she directs, motivates, and manages others. A person's leadership style also influences how they strategize and implement plans while keeping stakeholders' expectations and the well-being of the team in mind.

Managers are in charge of guaranteeing team success, fostering a pleasant environment, and solving challenging problems. It motivates people to work harder and see their leaders as more effective.

Effective leadership requires strong communication, inclusiveness, and empowerment, and it has a beneficial effect on morale. A team's morale will rise when communication from the top to the bottom improves under competent leadership.

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Which word names the way the different parts of language are arranged?
Gramma
Pronunciation
Structure
Diction

Answers

Linguists have identified five basic components (phonology, morphology, syntax, semantics, and pragmatics) found across languages.

All of the following intangible assets are amortized except A.limited-life franchises B.patents C.trademarks. D.copyrights.

Answers

Answer:D copyright

Explanation:Trust me i know it

You will prepare a SWOT analysis using James Avery . As a reminder, your company's strengths and weaknesses are internal, issues you have control over and can modify. Opportunities and threats are external; matters going on outside your company, in the larger global market​

Answers

James Avery's strengths lie in its strong brand image, product differentiation, and customer loyalty, but it faces weaknesses in limited international presence and production constraints, while opportunities lie in market expansion and customization, and threats include intense competition and changing consumer preferences.

SWOT Analysis of James Avery:

Strengths:

Strong Brand Image: James Avery has a well-established and recognized brand known for its high-quality craftsmanship and unique designs.

Product Differentiation: The company offers a wide range of handcrafted jewelry pieces, allowing it to stand out in the market and cater to diverse customer preferences.

Customer Loyalty: James Avery has a loyal customer base due to its reputation for superior customer service, personalized shopping experiences, and long-lasting jewelry.

Vertical Integration: The company controls its entire production process, from design to manufacturing, ensuring quality control and efficient operations.

Retail Presence: With over 90 retail stores and a strong online presence, James Avery has a widespread reach, providing convenient access to its products.

Weaknesses:

Limited International Presence: The company primarily operates within the United States, limiting its exposure to global markets and potential customers.

Relatively High Price Point: James Avery's handcrafted jewelry often comes with a higher price tag compared to mass-produced alternatives, potentially limiting its market share among price-sensitive customers.

Dependency on Traditional Designs: While the company's traditional designs have been popular, there is a need to continually innovate and adapt to changing fashion trends to appeal to a wider audience.

Production Constraints: Handcrafted jewelry production can have limitations in terms of scalability and speed, which may affect the company's ability to meet increasing demand.

Opportunities:

Market Expansion: James Avery can explore international markets and expand its retail footprint to reach a larger customer base.

Online Sales Growth: The company can capitalize on the growing e-commerce trend by enhancing its online platform and digital marketing strategies.

Customization and Personalization: Offering customizable jewelry options can attract customers seeking unique and personalized pieces.

Collaboration and Partnerships: Collaborating with fashion designers or influencers can help James Avery reach new audiences and create exclusive collections.

Threats:

Intense Competition: The jewelry industry is highly competitive, with both traditional and online retailers vying for market share.

Economic Factors: Economic fluctuations, recessions, or changes in consumer spending patterns can impact discretionary purchases like jewelry.

Counterfeit Products: The presence of counterfeit jewelry in the market poses a threat to James Avery's brand reputation and sales.

Changing Consumer Preferences: Shifting fashion trends or evolving consumer preferences may require the company to adapt its designs and offerings to stay relevant.

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Find the median and mean of the data set below:
Median =
Tr I
11, 6, 37, 34, 7
Mean =

Answers

The answer is median and mode

How to Find the mean and median

Add up all data values to get the sumCount the number of values in your data setDivide the sum by the countThe mean is the same as the average value in a data set.The median x˜ is the data value separating the upper half of a data set from the lower half.Arrange data values from lowest to highest valueThe median is the data value in the middle of the setIf there are 2 data values in the middle the median is the mean of those 2 values.Median ExampleFor the data set 1, 1, 2, 5, 6, 6, 9 the median is 5.For the data set 1, 1, 2, 6, 6, 9 the median is 4. Take the mean of 2 and 6 or, (2+6)/2 = 4.

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How can a Project Manager void project team cohesiveness?


Hands-On/Hands-Off approach


Ease up and less-intense attitude


Invoke Task Urgency


Make communicating and collaboration simplistic


Use micromanagement

Answers

A project manager can potentially undermine project team cohesiveness by adopting certain approaches or behaviors. Here are five ways that a project manager could contribute to a lack of cohesiveness within the team:

How can a Project Manager void project team cohesiveness?

Hands-Off Approach: If the project manager adopts a hands-off approach and fails to provide clear direction, guidance, or support to the team members, it can lead to confusion and a lack of unity among team members.

Ease Up and Less-Intense Attitude: If the project manager displays a lack of commitment or enthusiasm towards the project, it can negatively impact the motivation and engagement of the team. This can result in reduced collaboration and cohesiveness.

Invoking Task Urgency: While a sense of urgency is necessary for project success, excessive and unrealistic pressure on the team to constantly rush tasks and meet aggressive deadlines can lead to stress, burnout, and a breakdown in team cohesiveness.

Simplistic Communication and Collaboration: If the project manager does not facilitate effective communication and collaboration channels, such as regular team meetings, sharing of information, and fostering an environment of open dialogue, it can hinder the team's ability to work together cohesively.

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Frank says to Mary, "If you wash every window in my house today, I'll pay you $200.1
don't care if you do it, but there is $200 in it for you if you do." Mary washes 12 of the 20
windows in Frank's house by 2:00 p.m. At this point, which of the following is true?
Group of answer choices
Mary is obligated to finish washing the windows.
There is no contract yet in this situation.
Frank can revoke his offer to pay Mary the $200 for washing the windows.
Mary has formed a contract by beginning to wash the windows.

Answers

Answer:

There is no contract yet in this situation.

Darin works as a bartender and received $19,500 in regular wages, $800 in overtime wages, $1,200 in tips he reported to his employer, and a bonus of $500. He also received tickets to a baseball game worth $48 as a tip that he did not report to his employer. How much will be the amount on Darin’s Form W-2, box 1?

Answers

The amount reported on Darin’s Form W-2 is $22,000.

In practice, the Form W-2 are maintained by the Employer.

Particulars                                           Amount

Regular time                                                               $19,500

Overtime                                                                     $800

Tips                                                                             $1,200

Bonus                                                                          $500

Ticket to a baseball game ($48, bt unreported)      $0          

Amount reported on Darin’s Form W-2                 $22,000

In conclusion, the amount reported on Darin’s Form W-2 is $22,000.

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in preparation of standard cost we consider what situation macroeconomics or microeconomics???​

Answers

When preparing standard costs, we primarily consider microeconomics, which is the study of the behavior of individual consumers, firms, and industries. Standard cost is the estimated cost of producing a unit of product or service, based on historical data and budgeted costs.

It is used as a benchmark to compare actual costs with expected costs and to analyze the variances between them. In order to determine standard costs, we need to consider the cost of each individual input such as direct materials, direct labor, and overheads. This analysis is done at the microeconomic level because it involves the behavior and decision-making of individual firms and their interactions with suppliers, customers, and competitors.

The macroeconomic factors such as inflation, interest rates, and unemployment rates may also have an impact on the cost of production but these are generally outside the scope of standard cost analysis. Therefore, while macroeconomics can indirectly influence the cost of production, the focus of standard cost analysis remains on the microeconomic factors that affect the cost of individual inputs.

Overall, standard cost preparation involves a detailed microeconomic analysis to determine the estimated cost of producing a product or service, which is then compared with the actual costs to identify any variances and improve the cost efficiency of the firm.

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Consider the chart with the six portfolios and the efficient frontier. Which of the following statements is correct?
A Portfolios A, F, and B have the same return, so they are equally efficient.
B Portfolios H, F, and G have the same level of risk.
C Portfolios B, C, and D are all efficient and are optimal portfolios for an investor.
D Portfolios A and G have the same efficiency as they fall along the same 45 degree plane.

Answers

The correct answer is "Portfolios B, C, and D are all efficient and are optimal portfolios for an investor". Thus, Option C is correct.

The efficient frontier is the set of optimal portfolios that offer the highest expected return for a given level of risk or the lowest risk for a given level of expected return. Portfolios that lie on the efficient frontier are optimal, as they offer the best possible combination of risk and return.

In this case, portfolios B, C, and D all lie on the efficient frontier, making them optimal portfolios for an investor. Portfolios A, F, and G do not lie on the efficient frontier, meaning they are not optimal portfolios.

Therefore, the correct answer is C. Portfolios B, C, and D are all efficient and are optimal portfolios for an investor.

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Consider the chart with the six portfolios and the efficient frontier. Which of the following statements

Assuming the cost of an associate leaving within 90 days is $3,000, what will be your facility's approximate cost of early turnover for this year?

A: 45000
B: 90000
C: 126000
D: 252000

Answers

The facility's approximate cost of early turnover for the year is $45,000.

What are the costs of turnover?

The cost of turnover is the expense incurred when a position is changed. This estimate accounts for the costs of filling the role while it is vacant as well as those of hiring for the position, training the new hire, and providing any severance or bonus benefits. You should divide the total number of departures from your average monthly workforce by the total number of departures to begin your employee turnover estimate. Then multiply the sum by 100. You can figure out total turnover, voluntary turnover, and involuntary turnover.

Shift     Number associate leaving    Per associate cost     Total cost

            the facility  within 90 days

A                             8                                      $3,000              $24,000

B                             5                                      $3,000              $15,000

C                             2                                      $3,000              $6,000

D                             0                                      $3,000              $30

Total coset = $24,000 + $15,000 + $6,000 + $0

Total cost = $45,000

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Instruction Prepare entries for these transactions. on July 1,aron englard discounts at the bank: customer 's 6-month ,$ 14,000 note dated march 1 and bearing interest at 10% per annum .the bank accepts the note with recourse and discounts it at 12 % Instruction (a) Determine note under consideration prepare journal entries for the accrued interest at july 1,the discounting on that date ,and the bank collection on September 1. Assume the following two cases: Case I: the discounting is to be treated as sale. Case II: the discounting is be treated as a borrowing.​

Answers

(a) Journal Entries:

Case I: Discounts are regarded as sales.

What are the Journal Entries?

On July 1, record the interest that had been paid:

700 Notes Receivable in Interest and Receivable in Interest and Interest Income

To record the sale of the note on July 1: Interest = $14,000 x 10% x (5/12) = $583.33 Interest Receivable = $583.33 x (1/2) = $291.67 Notes Receivable = $14,000 - $291.67 = $13,308.33

Cash | 11,704.71 Discount on Notes Receivable | 1,295.83 Notes Receivable | 13,00

To record the bank collection on September 1: Discount = $14,000 x 12% x (6/12) = $840 Proceeds = $14,000 - $840 = $13,160 Discount on Notes Receivable = $840 x (1/2) = $420 Cash = $13,160 - $420 = $11,704.17

Cash | 14,000 Receivables | 700 Interest Income | 595.83 Discount on Receivable Notes | 98.33

Discount Amortization = $840 minus $420 = $420 Discount on Notes Receivable = $420 minus (2/2) = $420 Interest Income = $700 minus $291.67 = $408.33 Cash = $14,000 minus $420 minus $408.33 = $13,171.67 Case II: Discounting is considered a loan.

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Protecting the environment can be done by a small group of people by themselves.
Please select the best answer from the choices provided
OT
OF

Answers

False is the correct number

Answer:

false

Explanation:

just took the test

Based on the problems you have seen so far at GearOn, what type of CRM applications will be MOST helpful to the company?
Relationship Management and Customer Support Applications You decided that Relationship Management and Customer Support Applications would be the most valuable to GearOn. This was the best choice, because the problems at the company center on supporting and retaining current customers.

Answers

CRM applications that focus on relationship management and customer support would be the most helpful to GearOn, as the company's problems center around supporting and retaining current customers.

Based on the problems described, the most helpful type of CRM applications for GearOn would be Relationship Management and Customer Support Applications.

The company seems to be struggling with customer retention and support, which can be addressed through effective relationship management and customer support tools. These tools can help the company track customer interactions, resolve issues quickly and efficiently, and provide personalized service to improve customer satisfaction and loyalty.

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--The given question is incomplete, the complete question is given

" Based on the problems you have seen so far at GearOn, what type of CRM applications will be MOST helpful to the company?"--

When filing a consumer complaint, your last resort to receive compensation
should be
O
O
A. posting a review on social media.
B. complaining directly to the company.
O
C. complaining to a consumer protection agency.
d
D. filing a lawsuit against the company.

Answers

Filling a lawsuit should be the last resort, you should try to work things out prior to making the legal expenses of litigation/mediation

Filing a consumer complaint, last resort to receive compensation should be filing a lawsuit against the company. Thus, option (d) is correct.

What is compensation?

The term “compensation” means payment to be received in exchange for services. The compensation received and earned by employees In the workplace, wages, and salaries are adjusted to include commission and rewards for exceptional job performance, such as stock, profit sharing, and bonuses.

A legal action being taken against the corporation. Small claims and class actions are your two greatest possibilities. Act within the deadlines for bringing a case if you decide to sue. Ask for legal counsel and weigh the advantages and disadvantages.

Therefore, option (d) is correct.

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Robyn was a lawyer for the Department of State who has been disbarred for ethical lapses including dishonesty and interfering with investigations.
After losing his license to practice law, he was fired from the State Department. What MOST likely must Robyn do now?
A. Appeal his case to the American Bar Association.
B. Find a new career outside the legal profession.
C. Wait a year and reapply for his license.
D. Take his case to an appeals court.

Answers

The most likely thing for Robyn to do is B. Find a new career outside the legal profession.

Why does Robyn need to leave the legal profession ?

Since he has lost his license to practice law, he would not be able to continue working as a lawyer or in any other legal capacity. In addition, his firing from the State Department would likely make it difficult for him to find employment in a related government agency.

Therefore, the most realistic option for Robyn would be to seek employment in a different field or industry. Appealing his case to the American Bar Association or taking his case to an appeals court would likely not be fruitful options, as his disbarment and firing from the State Department suggest that his ethical lapses were significant and serious.

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Select the odd one among the following options
a. Prefence share
b. Equity
c. Debenture
d. Overnight placement

Answers

Answer:

id say debenture is odd but if you mean like odd one out of all of them it would overnight placement trading positions that are not closed by the end of the trading day

Explanation:

no actually collateral is needed for a loan its all based around your credit and the payoff time can go upwards towards 10+ years ,

Which part of the result block should you evaluate to determine the Needs Met rating for that result?
True False
You always need to evaluate both the block and the landing page.
True
False
For a Special Content Result Block, you only need to evaluate the content inside the block and nothing else.
O True
False
For a Web Search Result Block, in most cases you should evaluate just the content inside the block.
O True
False
For a Special Content Result Block, evaluate the content inside the block. You may also need to evaluate the landing page as well in some cases.

Answers

You always need to evaluate both the block and the landing page. It is False

For a Special Content Result Block, you only need to evaluate the content inside the block and nothing else. It is True

For a Web Search Result Block, in most cases you should evaluate just the content inside the block. It is True

For a Special Content Result Block, evaluate the content inside the block. You may also need to evaluate the landing page as well in some cases. It is True

How to Know if the Needs met for the result

The answer is False because while it is important to evaluate both the block and the landing page in some cases, it is not always necessary to do so, depending on the type of search result and the specific evaluation criteria being used.

For a Special Content Result Block, there is always need to evaluate both the content inside the block and the landing page to know the Needs Met rating for that result, depending on the specific evaluation criteria being used.

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Define assessed income

Answers

Assessed income is the portion of income that is used to calculate an individual's tax liability.

This income is usually calculated by taking a person's total income and then subtracting any deductions or exemptions that they are entitled to. The resulting figure is known as the person's taxable income, which is then used to determine how much they owe in taxes. Assessed income can include a variety of different types of income, such as wages, salaries, bonuses, tips, rental income, investment income, and more.

It is important to note that not all income is considered taxable income, and there are many deductions and exemptions available that can reduce a person's assessed income and therefore their tax liability. These deductions and exemptions can include things like charitable donations, business expenses, medical expenses, and more. There are several different methods that can be used to calculate assessed income, depending on the type of income that is being considered.

For example, income from employment is usually calculated using a person's gross income, while income from investments may be calculated based on capital gains or losses. Ultimately, the goal of calculating assessed income is to ensure that each individual is paying their fair share of taxes based on their income level.

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PNB Industries has 20 million shares of common stock outstanding with a market price of $18.00 per share. The company also has outstanding preferred stock with a market value of $50 million, and 500,000 bonds outstanding, each with face value $1,000 and selling at 97% of par value. The cost of equity is 15%, the cost of preferred is 12%, and the cost of debt is 8.50%. If PNB's tax rate is 40%, what is the WACC?A. 7.05%B. 9.47%C. 11.31%D. 11.83%

Answers

Answer:

B. 9.47%

Explanation:

Common Stock = 20,000,000*$18 = $360,000,000, so 360,000,000/895,000,000 = 0.4022

Preferred Stock=  $50,000,000, so 50,000,000/895,000,000 = 0.0559

Bonds = 500,000*0.97*1000 = $485,000,000, so 485,000,000/895,000,000 = 0.05419

WACC = 0.4022*15% + 0.0559*12% + 0.5419*8.5%* (1 - 0.4)

WACC = 0.06033 + 0.006708 + 0.0276369

WACC = 0.0946749

WACC = 9.47%

if a company uses a keystone price of $40, how much was the cost of the item to the company?


it’s $20

Answers

Answer:

variable expense

setting prices low

liquidate some inventory

increased speed of transaction

profit margin

Ada's store lowered prices even lower

selling price

they will likely lower prices

sell at a somewhat lower rate

Explanation:

Answer: its $20

Explanation:

i got it right on my test :D

The distinction between Buddhist practices and non-Buddhist practices is straightforward.
A.False. Unlike other religions, Buddhist practices are hard to separate from other cultural practices.
B. False. Like other religions, Buddhist practices blends with other cultural practices.
C. True. If a practice aims at solving the problem of suffering, then it is Buddhist

Buddhist practices are primarily concerned with meditation and mindfulness.
A. False. Buddhist practices also involve worshiping the Buddha.
B. True. Changing one's outlook on life is primarily attained by practicing meditations and mindfulness.
C. False. Buddhist practices are broad ranging.

Answers

The distinction between Buddhist practices and non-Buddhist practices is straightforward is False. Unlike other religions, Buddhist practices are hard to separate from other cultural practices. The correct option is A.

Buddhism has some unique traits that set it apart from other cultures practices, but it has also influenced and been influenced by other cultures and religions. Because of this splitting Buddhist practices from those of other religions can be difficult. Even though Buddhist practices frequently aim to address the problem of suffering, it is important to keep in mind that there are different approaches to this goal within Buddhism.

While some schools of Buddhism place a greater attention on the growth the of kindness and compassion through meditation and other practices, others stress the importance of meditation as a means of developing wisdom and insight. The correct option is A.

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y
Which type of technology can help an athlete record the speed and force they have
on pucks or balls?

Answers

This technology, which was first employed in missile detection systems and then in weather analysis, is currently used in sports, where it records a large number of data points from the players, clubs, bats, sticks, pucks, and balls.

Technology is the application of knowledge to the attainment of realistic objectives in a repeatable manner. The term "technology" can also refer to the end results of such endeavours, encompassing both material instruments like machinery or utensils and immaterial ones like software.

Technology is the application of knowledge to the attainment of realistic objectives in a repeatable manner. The term "technology" can also refer to the end results of such endeavours, encompassing both material instruments like machinery or utensils and immaterial ones like software.

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Which of the following phrases is an example of structural que ?

Answers

Answer:

excuse me but where is the phrase?

Parker Company pays each member of its sales staff a salary as well as a commission on
each unit sold. For the coming year, Parker plans to increase all salaries by 5% and to keep
unchanged the commission paid on each unit sold. Because of increased demand, Parker
expects the volume of sales to increase by 10%. How will the total cost of sales salaries and
commissions change for the coming year?
A. Increase by 5% or less.
B. Increase by more than 5% but less than 10%.

Answers

Answer: B is correct

Explanation:

 Sales salaries will increase by exactly 5%. The per-unit commission amount will remain constant, but sales commissions in total are expected to increase by 10%. Thus, total sales salaries and commissions will increase somewhere between 5% and 10%.

Which of the following does Content Marketing helps with?

Answers

Content Marketing helps with Option D. All the above.

Content marketing is a strategic marketing approach that aims to create valuable, relevant, and engaging content for the targeted audience to increase their engagement and loyalty towards the brand. It involves the creation and sharing of various types of content, such as blog posts, articles, videos, infographics, and social media posts, to attract and retain customers.

Content marketing can help businesses achieve various objectives, including:

SEO (Search Engine Optimization): Content marketing can help businesses improve their SEO ranking by creating and publishing high-quality, relevant, and valuable content that includes relevant keywords, meta descriptions, and tags. When the audience engages with this content, it signals to search engines that the content is useful and relevant, which can improve the website's ranking on search engine result pages.

Brand building: Content marketing can help businesses establish themselves as thought leaders in their industry by creating and sharing high-quality content that offers value to their target audience. By consistently creating valuable content, businesses can build trust, credibility, and authority among their target audience, which can ultimately lead to increased brand awareness, loyalty, and advocacy.

Social media reach: Content marketing can help businesses increase their social media reach by creating and sharing valuable and engaging content on social media platforms. By creating shareable content, businesses can attract more followers, increase engagement, and drive traffic to their websites, ultimately leading to increased conversions and sales.

Overall, content marketing is a powerful marketing tool that can help businesses achieve various objectives, including SEO, brand building, and social media reach. It involves creating and sharing high-quality, relevant, and valuable content that resonates with the targeted audience to increase engagement, loyalty, and conversions. Therefore, the correct option is D.

The question was incomplete, Find the full content below:

Which of the following does Content Marketing helps with?

A. SEO

B. Brand Building

C. Social Media Reach

D. All the above​

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Interventions strategies to reduce or prevent restrictions or barriers ​

Answers

Answer:

Intervention strategies to reduce restrictions or barriers can be implemented in various settings, such as healthcare, education, and workplaces, to promote accessibility and inclusivity. Some effective intervention strategies include:

1. Providing accommodations: Individuals with disabilities or other special needs may require specific accommodations to access certain environments or services. These accommodations can include physical modifications, assistive technology, or alternative communication methods. By providing these accommodations, restrictions and barriers can be reduced, allowing for greater participation and inclusion.

2. Educating stakeholders: Educating stakeholders, such as employers, educators, or healthcare providers, on disability awareness and inclusion can help to reduce biases and stereotypes that may contribute to restrictions and barriers. Training programs or workshops can help to increase understanding and empathy, ultimately leading to more inclusive practices.

3. Collaboration and consultation: Collaborating with individuals with disabilities or other stakeholders to identify and address barriers can be a powerful tool in reducing restrictions. By consulting those who are directly affected, solutions can be tailored to meet their specific needs, ultimately promoting greater accessibility and inclusion.

4. Policy and legislation: Policies and legislation that promote accessibility and inclusion can help to reduce restrictions and barriers on a systemic level. For example, the Americans with Disabilities Act (ADA) requires certain accommodations to be made in public spaces, promoting accessibility for individuals with disabilities.

Overall, implementing intervention strategies that reduce restrictions and barriers can help to promote greater accessibility and inclusion in various settings. By providing accommodations, educating stakeholders, collaborating with individuals with disabilities, and promoting policies and legislation, we can work towards creating a more inclusive and accessible society for all.

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Explanation:


Deposits of $1,530 each were received for advance tour reservations from 10 school groups. At November 30, all of these
deposits have been earned.

Answers

15,300 would be your answer

Phillips Company bought 30 percent ownership in Jones Bag Company on January 1, 20X1, at underlying book value. During the period of January 1, 20X1, through December 31, 20X3, the market value of Phillips' investment in Jones' stock increased by $1,500 each year. In 20X1, 20X2, and 20X3, Jones Bag reported the following:

Year Net Income Dividends
20X1 $8,000 $15,000
20X2 12,000 10,000
20X3 20,000 10,000

The balance in Phillips Companyâs investment account on December 31, 20X3, was $54,000.

Required
In each of the following independent cases, determine the amount that Phillips paid for its investment in Jones Bag stock assuming that Phillips accounted for its investment using the ( a ) cost method and ( b ) equity method.

Answers

Answer:

1. Fair value

Particulars                                                      Amount$

Investment on December 31,20X3                54,000

Less: Increase for 20X1                                  -1,500

Less: Increase for 20X2                          -1,500

Less: Increase for 20X3                          -1,500

Amount that phillips paid for Investment  $49,500

2. Equity Method

Particulars                                                     Amount$

Investment on December 31, 20X3              54,000

Add: Dividend share for 20X1                  4,500  (15000*30%)

Add: Dividend share for 20X2                  3,000 (10000*30%)

Add: Dividend share for 20X3                  3,000 (10000*30%)

Less: Net Income share for 20X1                 -2,400 (8000*30%)

Less: Net Income share for 20X2         -3,600 (12000*30%)

Less: Net Income share for 20X3         -6,000 (20000*30%)

Amount that phillips paid for Investment  $52,500

Junker’s Stash started the Year 2 accounting period with the balances given in the financial statements model shown below. During Year 2, Junker’s Stash experienced the following business events:
1. Paid cash to purchase $70,000 of merchandise inventory.
2. The goods that were purchased in Event 1 were delivered FOB destination. Freight costs of $1,400 were paid in cash by the responsible party.
3a. Sold merchandise for $72,000 under terms 1/10, n/30.
3b. Recognized $41,900 of cost of goods sold.
4a. Junker’s Stash customers returned merchandise that was sold for $2,100.
4b. The merchandise returned in Event 4a had cost Junker’s Stash $1,250.
5. The merchandise in Event 3a was sold to customers FOB destination. Freight costs of $1,650 were paid in cash by the responsible party.
6a. The customers paid for the merchandise sold in Event 3a within the discount period. Recognized the sales discount.
6b. Collected the balance in the accounts receivable account.
7. Paid cash of $6,850 for selling and administrative expenses.
8. Sold the land for $9,100 cash.

Required a. Record the above transactions in a financial statements model. The first event is recorded as an example.
b. Determine the amount of net sales.
c. Prepare a multistep income statement. Include common size percentages on the income statement.
d. The return-on-sales ratio for Junker’s Stash during the prior year was 12 percent. Based on the common size data in the income statement, did the expenses for Junker’s Stash increase or decrease in Year 2?

Answers

Answer:

a. Record the above transactions in a financial statements model. The first event is recorded as an example.

I prepared an excel spreadsheet because there is not enough room here.

b. Determine the amount of net sales.

$69,201

c. Prepare a multistep income statement. Include common size percentages on the income statement.

                    Multistep Income Statement

Revenues:                                                                  $69,201

Sales revenue $72,000Sales discounts ($699)Sales returns and allowances ($2,100)

COGS:                                                                      ($40,650)

Gross profit:                                                               $28,551

S&A expenses:                                                          ($8,500)

Delivery ($1,650)Sales and adm.  expenses ($6,850)                              

Operating income                                                     $20,051

d. The return-on-sales ratio for Junker’s Stash during the prior year was 12 percent. Based on the common size data in the income statement, did the expenses for Junker’s Stash increase or decrease in Year 2?

return on sales = operating profit / net sales = $20,051 / $69,201 = 28.98%

this means that Junker's expenses decreased this year

Explanation:

1)

Dr Merchandise inventory 70,000

    Cr Cash 70,000

3)

Dr Accounts receivable 72,000

    Cr Sales revenue 72,000

Dr Cost of goods sold 41,900

    Cr Merchandise inventory 41,900

4)

Dr Sales returns and allowances 2,100

    Cr Accounts receivable 2,100

Dr Merchandise inventory 1,250

    Cr Cost of goods sold 1,250

5)

Dr Delivery expense 1,650

    Cr Cash 1,650

6)

Dr Cash 69,201

Dr Sales discounts 699

    Cr Accounts receivable 69,900

7)

Dr S&A expenses 6,850

    Cr Cash 6,850

8)

Dr Cash 9,100

    Cr land 9,100

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