How do your professional and personal values affect, positively and/or negatively, your workplace team’s effectiveness?
How would you evaluate your workplace team’s effectiveness if you were the CEO?
In: Nursing
What strategic issues confront LVMH in 2016? What market or internal circumstances should most concern CEO Bernard Arnault and his company’s senior leadership team?
Cite your sources.
In: Operations Management
If you are appointed to be the CEO of Amazon Turkey, what will be your major strategic road map in terms of market entry and customer communication especially in Covid process? (think about using digital technologies)
In: Operations Management
Pacifica Papers Inc. needed to conserve cash, so instead of a
cash dividend, the board of directors declared a 10% common share
dividend on June 30, 2020, distributable on July 15, 2020. Because
performance during 2020 was better than expected, the company’s
board of directors declared a $1.20 per share cash dividend on
November 15, 2020, payable on December 1, 2020, to shareholders of
record on November 30, 2020. The equity section of Pacifica’s
December 31, 2019, balance sheet showed:
|
Common shares, unlimited shares authorized, 600,000 shares issued and outstanding |
$ |
5,760,000 |
|
Retained earnings |
3,300,000 |
|
Required:
1. Journalize the declaration of the share dividend. The
market prices of the shares were $17.90 on June 30, 2020, and
$19.80 on July 15, 2020. Assume share dividends account is used
when dividends are declared.
2.Journalize the declaration of the cash dividend. Assume share dividends account is used when dividends are declared.
3. Prepare the equity section of the balance sheet at December 31, 2020, assuming profit earned during the year was $3,389,000.
In: Accounting
Selected information about income statement accounts for the
Reed Company is presented below (the company's fiscal year ends on
December 31):
| 2021 | 2020 | |||
| Sales revenue | $ | 4,600,000 | $ | 3,700,000 |
| Cost of goods sold | 2,900,000 | 2,040,000 | ||
| Administrative expense | 840,000 | 715,000 | ||
| Selling expense | 400,000 | 342,000 | ||
| Interest revenue | 154,000 | 144,000 | ||
| Interest expense | 208,000 | 208,000 | ||
| Loss on sale of assets of discontinued component | 64,000 | — | ||
On July 1, 2021, the company adopted a plan to discontinue a
division that qualifies as a component of an entity as defined by
GAAP. The assets of the component were sold on September 30, 2021,
for $64,000 less than their book value. Results of operations for
the component (included in the above account balances)
were as follows:
| 1/1/2021–9/30/2021 | 2020 | ||||||||
| Sales revenue | $ | 440,000 | $ | 540,000 | |||||
| Cost of goods sold | (310,000 | ) | (344,000 | ) | |||||
| Administrative expense | (54,000 | ) | (44,000 | ) | |||||
| Selling expense | (24,000 | ) | (24,000 | ) | |||||
| Operating income before taxes | $ | 52,000 | $ | 128,000 | |||||
In addition to the account balances above, several events occurred
during 2021 that have not yet been reflected in the above
accounts:
Required:
Prepare a multiple-step income statement for the Reed Company for
2021, showing 2020 information in comparative format, including
income taxes computed at 25% and EPS disclosures assuming 500,000
shares of outstanding common stock. (Amounts to be deducted
should be indicated with a minus sign. Round EPS answers to 2
decimal places.)
In: Accounting
6.
Selected information about income statement accounts for the
Reed Company is presented below (the company's fiscal year ends on
December 31):
| 2021 | 2020 | |||
| Sales revenue | $ | 5,300,000 | $ | 4,400,000 |
| Cost of goods sold | 3,040,000 | 2,180,000 | ||
| Administrative expense | 980,000 | 855,000 | ||
| Selling expense | 540,000 | 482,000 | ||
| Interest revenue | 168,000 | 158,000 | ||
| Interest expense | 236,000 | 236,000 | ||
| Loss on sale of assets of discontinued component | 120,000 | — | ||
On July 1, 2021, the company adopted a plan to discontinue a
division that qualifies as a component of an entity as defined by
GAAP. The assets of the component were sold on September 30, 2021,
for $120,000 less than their book value. Results of operations for
the component (included in the above account balances)
were as follows:
| 1/1/2021–9/30/2021 | 2020 | ||||||||
| Sales revenue | $ | 580,000 | $ | 680,000 | |||||
| Cost of goods sold | (380,000 | ) | (428,000 | ) | |||||
| Administrative expense | (68,000 | ) | (58,000 | ) | |||||
| Selling expense | (38,000 | ) | (38,000 | ) | |||||
| Operating income before taxes | $ | 94,000 | $ | 156,000 | |||||
In addition to the account balances above, several events occurred
during 2021 that have not yet been reflected in the above
accounts:
Required:
Prepare a multiple-step income statement for the Reed Company for
2021, showing 2020 information in comparative format, including
income taxes computed at 25% and EPS disclosures assuming 600,000
shares of outstanding common stock. (Amounts to be deducted
should be indicated with a minus sign. Round EPS answers to 2
decimal places.)
In: Accounting
Selected information about income statement accounts for the
Reed Company is presented below (the company's fiscal year ends on
December 31):
| 2021 | 2020 | |||
| Sales revenue | $ | 5,250,000 | $ | 4,350,000 |
| Cost of goods sold | 3,030,000 | 2,170,000 | ||
| Administrative expense | 970,000 | 845,000 | ||
| Selling expense | 530,000 | 472,000 | ||
| Interest revenue | 167,000 | 157,000 | ||
| Interest expense | 234,000 | 234,000 | ||
| Loss on sale of assets of discontinued component | 116,000 | — | ||
On July 1, 2021, the company adopted a plan to discontinue a
division that qualifies as a component of an entity as defined by
GAAP. The assets of the component were sold on September 30, 2021,
for $116,000 less than their book value. Results of operations for
the component (included in the above account balances)
were as follows:
| 1/1/2021–9/30/2021 | 2020 | ||||||||
| Sales revenue | $ | 570,000 | $ | 670,000 | |||||
| Cost of goods sold | (375,000 | ) | (422,000 | ) | |||||
| Administrative expense | (67,000 | ) | (57,000 | ) | |||||
| Selling expense | (37,000 | ) | (37,000 | ) | |||||
| Operating income before taxes | $ | 91,000 | $ | 154,000 | |||||
In addition to the account balances above, several events occurred
during 2021 that have not yet been reflected in the above
accounts:
Required:
Prepare a multiple-step income statement for the Reed Company for
2021, showing 2020 information in comparative format, including
income taxes computed at 25% and EPS disclosures assuming 800,000
shares of outstanding common stock. (Amounts to be deducted
should be indicated with a minus sign. Round EPS answers to 2
decimal places.)
In: Accounting
You are a consultant that is in the last round of proposals to become the sole strategic adviser to the CEO of a top 5 global manufacturer of doors & windows. The firm sells and has a local presence in the 100 top ranked countries by GDP.
You and the other finalists have been asked to address potential Foreign Direct Investment in a non Top 100 GDP country. The CEO is seeking for a new high growth market (even if it comes with some political instability) and is asking you to select it. In your post, please provide your country selection and the primary reason why you selected it. Also briefly address how the organization would mitigate one or two major risks associated with FDI.
In: Economics
You are a consultant that is in the last round of proposals to become the sole strategic adviser to the CEO of a top 5 global manufacturer of doors & windows. The firm sells and has a local presence in the 100 top ranked countries by GDP.
You and the other finalists have been asked to address potential Foreign Direct Investment in a non Top 100 GDP country. The CEO is seeking for a new high growth market (even if it comes with some political instability) and is asking you to select it. In your post, please provide your country selection and the primary reason why you selected it. Also briefly address how the organization would mitigate one or two major risks associated with FDI.
In: Finance
You are a consultant that is in the last round of proposals to become the sole strategic adviser to the CEO of a top 5 global manufacturer of doors & windows. The firm sells and has a local presence in the 100 top ranked countries by GDP. You and the other finalists have been asked to address potential Foreign Direct Investment in a non Top 100 GDP country.
The CEO is seeking for a new high growth market (even if it comes with some political instability) and is asking you to select it. In your post, please provide your country selection and the primary reason why you selected it. Also briefly address how the organization would mitigate one or two major risks associated with FDI.
In: Economics