Acme Widget, Inc. has a book value per share of $100.
Data and Calculations:
Number of shareholders = 1,000
Total number of common stock shares = 2,000,000 shares
Earnings after tax = $20 million
Dividends paid = $8 million
Assets = $250 million
Liabilities = $50 million
Equity = $200 million ($250 million - $50 million)
Book value per share = $100 ($200,000,000/2,000,000)
Thus, Acme Widget's book value per share is $100.
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Management at Work
You work as a salesperson for Spectrum Color, a chemical manufacturer, which keeps you very busy. Your customers are photographers who use Spectrum’s products to create professional images for publication. They are usually a friendly clientele. Today, however, customer Jesse Adamson is upset when he calls to inquire about his order. Jesse says he will miss his deadline if he doesn’t receive his order right away. He threatens to stop using Spectrum Color if the company does not meet his demand and fill his order immediately.
1. What is the most important message this customer is trying to convey?
a. He is an important photographer.
b. He is having financial problems.
c. He urgently needs his chemical order.
2. What can you do to listen more effectively to this customer?
a. Transfer the call to your supervisor, so the caller calms down.
b. Ask gentle, probing questions.
c. Defend the company’s reputation.
Answer:
1) c
2) b
Explanation:
Answer:
c. He urgently needs his chemical order.
Jesse is upset about one thing: his missing chemical order. Because the order is late, he may miss his deadline, which could hurt his reputation and earnings. His primary message is that he needs his chemical order right away.
b. Ask gentle, probing questions.
Customers want you to demonstrate that you genuinely care about them and the service you are providing. By asking gentle, probing questions of customers, you demonstrate concern and ensure a clear understanding of the situation, so you are better prepared to offer a solution.
Defending the company’s reputation or passing the call on to your supervisor would not help address the customer’s concerns. If you are unable to help solve the customer’s problem, you might transfer the call to your supervisor at the customer’s request.
>>
Which of these masking techniques is used for masking a flush-mounted part?
O Reverse masking
O Back masking
O Reverse taping
O Fine line masking
A lot of painter use different type of masking techniques. The type of masking techniques that is used for masking a flush-mounted part is Fine line masking.
Fine Line tapes are known too have thin, smooth backings that are made to create low-profile paint edges.
A painter can also have a sharp paint lines by using fine line tapes with smooth backings coated with some adhesives to stop paint edge bleed.
Scotch Fine Line 218, a type of fine line masking tape is made for straight line application, and it can be found in nine narrow widths for a number of paint striping options.
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An event management company is considering the position of head of customer relations. Among the group leaders, Ms Hoa Mr Lam are the two leaders with the most outstanding achievements. Mr Hoa is an agile and active person who has extensive relationships with customers and event organizers. Lam specializes in visual and decorative sound. This is the core cox value of the company. Director Hung is considering choosing one of those two candidates to be the head of sales and customer relations department. According to your group, which candidate should Mr. Hung choose and explain?
race for a solution
presents the reasons for choosing the solution and the possible problems of conflict between two candidates, how the company will resolve the conflict.
Answer:
ms Hoa
Explanation:
Ms Hoashould be chosen because she is an agile active person who has extensive relationships with customers and because the company is looking for a person to head the customer relations department she is better candidate than mr Lam
Answer:
Mr Hoa is an agile and active person who has extensive relationships with customers and event organizers. This guy is the one to choose. He has all what is needed to be the of head of customer relations.
Lam specializes in visual and decorative sound. This is the core cox value of the company. Yeah, but he has no experience with relationships with customers. He should be Mr Hoa's right hand because he has the technical skills, but not the head of customer relations.
By sending monthly statements to customers, most companies control three assertions related to receivables at historical cost. Which ones are those
Answer:
Receivables can be classified as accounts receivables, notes receivable and other receivables ( loans, settlement amounts due for non- current asset sales, rent receivable, term deposits).
Answer these questions picture above.
1 increasing audience
2 payment methods and or growing page
3 yes help others and myself
4 insta due to its growing capacity
Can anybody help explain how to address issues that hamper individuals performance.
Answer:
Not every employee performance review that comes in will be positive. Targets will be missed, employees will underperform and as a people manager, you’ll need to find a way to either improve the situation or part ways with the employee.
When it comes to the challenging task of addressing employee performance issues, the key is to focus on potential solutions, rather than problems. Here’s how.
It’s difficult to talk about poor performance with employees, but avoiding the problem will only prolong the tough discussion. Be specific and state the problem clearly so that your employee understands what’s going on. Encouraging words are okay to share, but the employee needs to walk away knowing what the problem was and how to improve.
When it comes to improving employee performance, it is worthwhile to customize your approach. You may have to deal with each employee differently to get the same results. Know what motivates your employees, when to step in softly, and when to simply be direct.
Sometimes employees are fully aware of their performance issues but are unable to improve the situation on their own. It’s important to listen to an employee’s concerns during the performance review.
Your grandmother has been putting $3,000 into a savings account on every birthday since your first (that is, when you turned 1). The account pays an interest rate of 4%. How much money will be in the account on your 18th birthday immediately after your grandmother makes the deposit on that birthday
Answer:
I believe the answer is 6,480,000.
Which of the following would be the MOST useful strategy for learning to 5 diém communicate effectively with international employees working in your overseas divisions?
The most useful strategy for learning to communicate effectively with international employees would be to be aware that the employees are influenced by your native culture so awareness of values, beliefs and practices would help to develop product more efficiently.
Given that the final customer base is going to be in both nations it is good to know the values and also learn more about the cultures of others.
This is very crucial to the success of the business. If the language and cultural barriers are overcome the business would be efficient.
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36. Helmer’s Rockers manufactures two models, Standard and Premium. Weekly demand is estimated to be 100 units of the Standard Model and 70 units of the Premium Model. The following per unit data apply: Standard Premium Contribution margin per unit $18 $20 Number of machine-hours required 3 4 If there are 496 machine-hours available per week, how many rockers of each model should Jim Helmer produce to maximize profits?
Helmer's Rockers can maximize the company's profits to meet the 100 units of the Standard model's weekly demand, and use the remaining 196 hours to produce 49 units of the Premium model.
Data and Calculations:
Standard Premium
Estimated weekly demand 100 units 70 units
Contribution margin per unit $18 $20
Machine-hours required 3 4
Total machine-hours required 300 hrs 280 hrs
Contribution per machine hour $6 ($18/3) $5 ($20/4)
Total Machine-hours available = 496
To maximize profit, produce 100 units 49 units
Machine-hours used 300 hrs 196 hrs
Thus, Helmer's Rockers can maximize the profits by producing all the 100 units of the Standard model weekly demand, using the remaining 196 hours (496 - 300) to produce 49 units of the Premium model.
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of products found in each category.
Select the most appropriate category for each good or service listed.
1. Appliances
multiple choice 1
convenience
shopping
specialty
unsought
2. Automobile battery jumpstart services
multiple choice 2
convenience
shopping
specialty
unsought
3. Cemetery plots
multiple choice 3
convenience
shopping
specialty
unsought
4. Clothes
multiple choice 4
convenience
shopping
specialty
unsought
5. Expensive wine
multiple choice 5
convenience
shopping
specialty
unsought
6. Gas
multiple choice 6
convenience
shopping
specialty
unsought
7. Jewelry
multiple choice 7
convenience
shopping
specialty
unsought
8. Milk
multiple choice 8
convenience
shopping
specialty
unsought
The question examines categories of items. The following items are placed in the right categories as shown below.
1. Appliances: shopping
2. Automobile battery jumpstart services: specialty
3. Cemetery plots: specialty
4. Clothes: shopping
5. Expensive wine: specialty
6. Gas: shopping
7. Jewelry: specialty
8. Milk: shopping.
What are Speciality goods?
Specialty goods are goods that have very unique traits which the buyers are willing to go the extra mile to plan for and purchase.
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Suppose you use your entrepreneurial spirit and economics training to start your own business. In your first year of work, you are able to earn $58,000 in gross income. What is the total amount of social insurance taxes you owe the federal government
The total amount of social insurance taxes you owe the federal government is $3,596.
The social insurance taxes will be tax rate (6.2%) of gross income amount of $58,000 which is calculated using this formula
Social insurance taxes=Social security tax rate× Gross income
Where:
Social security tax rate=6.2%
Gross income=$58,000
Let plug in the formula
Social insurance tax=6.2%×$58,000
Social insurance tax=$3,596
Inconclusion the total amount of social insurance taxes you owe the federal government is $3,596.
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EFT, Inc. wants to empower and engage its employees. They have several teams consisting of highly skilled employees and no one person on these teams has a specifically assigned position. Instead, employees lead each other as the occasion arises, so there is no formal hierarchy or organizational chart. This type of leadership is known as:____________
a) people-oriented leadership.
b) managerial leadership.
c) shared leadership.
d) servant leadership.
Based on the fact that the company wants to empower its employees by hiring a lot of highly skilled employees so that each employee leads each other, this type of leadership is known as a shared leadership
As a result of this, we can see that there is a shared leadership where there is no formal hierarchy or organizational chart because each person leads each other as the occasion arises and they are not assigned a specific position.
Therefore, the correct answer is option C
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Jay, a divisional vice president of a consumer goods manufacturer, gives a presentation to all divisional employees to outline the company’s goals for the coming year. This is an example of what type of organizational communication?
✔ a. Downward communication
b. Grapevine communication
c. Lateral communication
d. Upward communication
e. Virtual communication
Answer:
downward communication
Kenji manages a company that collects fresh produce from farmers and distributes it to restaurants. His business is struggling, so he considers mixing some of the older or riper items into the boxes of newer produce. This will allow him to meet cost targets and keep the business going. Kenji is faced with an ethical dilemma.
a. True
b. False
It is true to say that Kenju faces an ethical dilemma when thinking about mixing some of the older or more mature items in the newer boxes and distributing them to restaurants as fresh produce.
An ethical dilemma can be understood as a situation in which there are two paths available for decision making, and a decision will impact your ethical standards.
Often, an ethical dilemma arises from a need, as in the example above, where Kenji's business is struggling and making an unethical decision will allow him to meet cost targets and keep the business running.
Therefore, it is necessary that when facing an ethical dilemma, the individual considers the ethical decision-making, which will always be the correct one regardless of the situation.
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Discussion Questions
15-1. This chapter discusses four important issues
that will shape compensation professionals?
work for years to come. Which one of these
issues stands to create the greatest uncertainty
for compensation professionals? Explain
your answer.
The question is about the Compensation of professionals and its issues.
The most important issue out of the four discussed is the workforce diversity, this creates a great uncertainty in compensating the professionals.
Diversity in professionals create an environment where a group of people are working more and hard while the other group of people does not work much hours but still the compensation is on a similar level and sometimes when this compensation is varied with the group it is highly regarded as the inequality.
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Employees feel that Sheryl ___________________ because she is direct and truthful about what they need to do and how they can improve, but she is never sarcastic or shaming.
a. is a good listener
b. has organizational conversations
c. communicates nonverbally
✔d. communicates with candor
Answer:
d. communicates with candor
Explanation:
Communicating with candor means being direct, honest, and clear about what employees need to do to meet objectives, while also expressing respect for others and not making people feel slighted, controlled, or exploited. Organizational conversations involve give-and-take between management and lower-level employees in which managers ask questions and listen to the answers. Sheryl may be a good listener, use nonverbal communication, and facilitate organizational conversations, but this sentence does not provide information about those aspects of her communication.
Walmart, Target, and Costco are competitors. Target wants to gain a competitive advantage and increase its market share. What should Target NOT offer to achieve a competitive advantage
Since Target is interested in gaining a competitive advantage by increasing its market share against competitors, Costco, Target should NOT offer A. Increased shipping and handling fees.
If Target increases the fees for shipping and handling, it will lower its competitive advantage with customers. To improve its competitive advantage, Target should explore the other three options.
Options for the Question:
A. Increased shipping and handling fees
B. Low prices
C. Excellent customer service
D. A high-product quality
Thus, offering increased shipping and handling fees should not feature in the efforts of Target to gain a competitive advantage over Costco.
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Knowledge Check 01 Transactions that result in significant investing and financing activities but that do not involve cash are reported either directly after the statement of cash flows or in a note to the financial statements. Group startsTrue or False
It is TRUE that the significant non-cash investing and financing activities transactions, which cannot be reported in the statement of cash flows, are reported after the statement or in a separate note to the financial statements.
Some of the significant non-cash investing and financing activities include the issuance of stock for long-term assets or debt retirement and purchasing long-term assets with long-term notes payable.
Thus, these significant non-cash investing and financing activities cannot be reported in the statement of cash flows but require separate disclosure.
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The Laffer curve shows that Group of answer choices at some specific tax rate, tax revenue is maximized. tax revenue is constant overall tax rates. tax revenue decreases as tax rates increase. tax revenue is maximized at multiple tax rates. tax revenue increases as tax rates increase.
The Laffer curve shows that at some specific tax rate, tax revenue is maximized.
The Laffer Curve theory was developed by Arthur Laffer in 1974. The curve shows the relationship between tax rates and tax revenue. According to this theory, higher income tax rate diminishes the desire of labour to work and invest. This is because higher income increases the amount of tax to be paid. This means that at some point, increase in the tax rate would decrease government revenue rather than increase it.
The theory submits that there is an optimal tax rate at which tax income is maximised. Once this point is exceeded, increase in tax rate would reduce the revenue earned by the government.
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1) Over their lifetime, a high school dropout will make how much less money than a college graduate?
A) $5,000
B) $10,000
C) $100,000
D) $1 million
Over their lifetime, a high school dropout will make $100,000 in money than a college graduate. Thus, option (c) is correct.
What is college?The term “college” refers to an educational institute. The students are expected to learn and educate on a specific topic. The college is part of the university. A college provides the degree of the students who clear the sessions. The college students are learning something on the course.
High school dropouts earn $2,00,000 less than their classmates who graduate. On an annual basis, bachelor's degree holders earn $100,000 more than people with only a high school education. College dropouts take out more loans on medium to pay for school than their colleagues who complete their degrees.
As a result, in the lifetime, a high school dropout will make $100,000 in money than a college graduate. Therefore, option (c) is correct.
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#SPJ2
When you arrive for your job interview, the interviewer greets you with a warm handshake and a smile. While you speak, he smiles and nods often and occasionally takes notes.
What message is the interviewer expressing nonverbally?
a. He is passively enduring your interview.
b. He is actively engaged in your interview.
c. He is uncomfortable meeting with you.
Answer:
b. He is actively engaged in your interview.
Explanation:
In most cultures, smiling implies friendliness. In the United States, nodding and maintaining consistent eye contact show interest and engagement in a conversation and respect for the speaker. By combining these three nonverbal behaviors, the interviewer is expressing active, positive interest in your interview.
Rico Petricelli Industries invests $960,000 in plant assets with an estimated 10-year service life and no salvage value. These assets contribute $64,000 to annual net income when depreciation is computed on a straight-line basis. Compute the payback period and explain your computation.
The payback period for this Rico Petricelli Industries' investment is 6 years.
Data and Calculations:
Cost of investment in plant assets =$960,000
Estimated useful life = 10 years
Estimated salvage value = $0
Annual depreciation = $96,000 ($960,000/10)
Annual net income = $64,000
Annual cash net inflow = $160,000 ($64,000 + $96,000)
Payback period = 6 years ($960,000/$160,000)
Thus, to compute the payback period as 6 years, add the annual depreciation to the annual net income to obtain the annual cash net inflow. Then divide the cash outlay ($960,000) by the product above.
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ournalize the entries to record the following selected transactions: a. Sold $900 of merchandise on account, subject to 7% sales tax. The cost of the goods sold was $510. b. Paid $436 to the state sales tax department for taxes collected.
Answer:
Paid $436 to the state sales tax department for taxes collected
What is the importance of physical distribution?
g At the beginning of the year, Calvin paid $5,000 for 60 shares of Eddington stock. In June, he received a $300 cash distribution with respect to the stock. His Form 1099-DIV reported that $170 was an ordinary dividend and $130 was a nontaxable return of capital. Compute Calvin's tax basis in his 60 shares at year-end.
Based on the information given Calvin's tax basis in his 60 shares at year-end is $4,870.
Using this formula
Tax basis=Beginning cash-Nontaxable return of capital
Where:
Beginning cash=$5,000
Nontaxable return of capital=$130
Let plug in the formula
Tax basis=$5,000-$130
Tax basis=$4,870
Inconclusion Calvin's tax basis in his 60 shares at year-end is $4,870.
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Crane Company is preparing a cash payments budget. Below is a schedule of financial data that will be used to prepare the budget. What is the cash payments budget for November
When Crane Company prepares the cash payments budget, the amount that will be allocated as the cash payments budget for November is $65623.
The following information can be depicted from the complete question. Since the purchase is $70482 for November, the payment of 60% in the month of purchase will be:
= 60% × $70482
= $42289
The payment of 40% in the month after purchase will be:
= 40% × $33089
= $13236
The payment to suppliers will be:
= $42289 + $13236 = $55525
Therefore, the budgeted cash payment in November will be:
= Payment to suppliers + Cash operating costs + Cash paid to new equipment
= $55525 + $7903 + $2195
= $65623
Therefore, the cash payments budget for November is $65623.
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In the Management in Action case, WeWork CEO Neumann seemed to believe that he had extraordinary abilities to accomplish the impossible and was able to use this belief to influence others. Based on what you know about power and influence, what type of influence tactic was he utilizing
Based on the information given, the type of influence tactic was he utilizing is known as the inspirational appeals.
Inspirational appeal is a tactic that is used in stimulating the values and ideals of a group of people. Inspirational appeal is simply used to evoke emotions and arouse the enthusiasm of the people.
Since CEO Neumann seemed to believe that he had extraordinary abilities to accomplish the impossible, he is trying to inspire others and evoke their emotions, therefore, he's using inspirational appeals.
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Interdepartmental politics is a major problem with __________________ communication.
a. upward
b. horizontal
c. downward
Which of the following actions can managers take to resolve this problem?
Check all that apply.
- Create dotted-line relationships to formalize communications.
- Establish goals for communication in advance.
- Focus communication on achieving a certain task or outcome.
- When creating teams, choose people with wide differences in rank within the organization.
Answer:
Interdepartmental politics is a major problem with horizontal communication.
✘ Create dotted-line relationships to formalize communications.
✔ Establish goals for communication in advance.
✔ Focus communication on achieving a certain task or outcome.
✘ When creating teams, choose people with wide differences in rank within the organization.
How Does The State Of Competition Among hotels
When using the effective-interest method of bond amortization, Interest Expense ______ each payment if the bonds were issued at a discount.
When the effective-interest method of bond amortization is used, the Interest Expense exceeds each payment if the bonds were issued at a discount.
In short, the Interest Expense is based on the bond's proceeds, which are always below the face value of the bonds when issued at a discount.
Thus, the interest expense is calculated using the effective interest rate on the bond's proceeds.
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Answer:
increases
Explanation: