Comparative Statements of Retained Earnings for Renn-Dever Corporation were reported as follows for the fiscal years ending December 31, 2019, 2020, and 2021.
|
RENN-DEVER CORPORATION |
||||||||||
|
Statements of Retained Earnings |
For the Years Ended December 31 |
|||||||||
|
2021 |
2020 |
2019 |
||||||||
|
Balance at beginning of year |
7,094,292 |
5,620,052 |
5,804,552 |
|||||||
|
Net income (loss) |
3,326,700 |
2,420,900 |
(184,500) |
|||||||
|
Deductions: |
||||||||||
|
Stock dividend (61,500 shares) |
260,000 |
|||||||||
|
Common shares retired, September 30 (140,000 shares) |
230,660 |
|||||||||
|
Common stock cash dividends |
907,950 |
716,000 |
0 |
|||||||
|
Balance at end of year |
9,253,042 |
7,094,292 |
5,620,052 |
|||||||
At December 31, 2018, paid-in capital consisted of the
following:
|
Common stock, 2,190,000 shares at $1 par |
2,190,000 |
||
|
Paid in capital—excess of par |
7,600,000 |
||
No preferred stock or potential common shares were
outstanding during any of the periods shown.
Required:
Compute Renn-Dever’s earnings per share as it would have appeared
in income statements for the years ended December 31, 2019, 2020,
and 2021. (Negative amounts should be indicated by a minus
sign.)
|
Year |
Numerator |
/ |
Denominator |
= |
Earnings (Net Loss) per Share |
|
2019 |
$(184,500) |
/ |
2,190,000 |
= |
$(0.08) |
|
2020 |
$2,420,900 |
/ |
= |
0 |
|
|
2021 |
$3,326,700 |
/ |
= |
0 |
In: Accounting
Analyze the case bellow and then answer the following
questions:
Layla is the branch manager of one of the banks in Bahrain. She has
been with the bank for over 8 years. Layla worked as a teller when
she first joined the bank back in 2011. She is currently working
towards her master degree in business administration (MBA). Layla
directly manages a team of 10 branch employees and 2 supervisors.
Layla’s leadership style is usually to empower her staff by
allowing her team members to make most operational decisions on
their own. In addition, she discusses main issues with her staff
and encourages her team to put forward ideas and develop plans
independently. This leadership approach is known to increase team
motivation which in turn encourages creativity. At her staff
meetings, Layla always states that: "You may make mistakes, these
mistakes can be used as a learning experience".
However, if for example, a major bank account issue arises, Layla
usually takes control to ensure a prompt and coordinated process.
She believes that such business critical situations should be
handled by experienced and confident professionals. Layla currently
does not have such professionals among her team members. Although
her staff have gained some confidence through empowerment, they
still need to enhance their advanced managerial skills. Therefore,
during such cases, in addition to being supportive, Layla adapts
her leadership approach by adding a directive style.
1. Describe Layla's dominant leadership style in terms of
Transactional / Transformational. Give supporting evidence from the
case to justify your answer.
2. Which type does Layla add to her leadership approach when a major bank account issue arises? Task or People? Give supporting evidence from the case to justify your answer.
3. According to Herzberg 2 factor motivation model, explain which
of the 2 factors (Hygiene
or Motivators) is Layla applying the most. Clarify why you think so
by referring to evidence from the case above.
4. According to Hersey Blanchard Situational leadership model, which of the four leadership types (Directing, Coaching, Supporting, Delegating) does Layla adopt when business critical situations arise in the bank? Explain why you think so by giving evidence from the above case.
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Name three different types of stock and identify the benefits of holding ownership in them; what are hallmarks that define a share of stock according to the court in United Housing Foundation v. Forman?
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Make a comparative analysis between the following two set of Islamic bank financial statements: Dubai Islamic Bank, United Arab Emirates, and Sharjah Islamic Bank, United Arab Emirates 1. Find or google two different Islamic bank from two different countries. 2. Get the newest year available. 3. Not limited to UAE only. 4. Find if they prepared the: i. Statement of Restricted Investments ii: Zakat and charity fund statement. iii. Qard (loan) fund statement. iv. Roles of the sharia advisor. v. Responsibility to pay zakat. vi. How much is zakat paid and the method to compute zakat?
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QUESTION 44
Historically, Russia’s international identity can be described as
| a. |
strongly influenced by Sufi Islam and Turkish culture. |
|
| b. |
uncertain as to whether it was truly a part of Europe. |
|
| c. |
strongly influenced by Confucianism’s spread from China. |
|
| d. |
uncertain as to whether it was part of Asia or the Mediterranean. |
1 points
QUESTION 45
Which of the following represents a core component of Confucianism?
| a. |
equality of wealth |
|
| b. |
elimination of hierarchy |
|
| c. |
elevation of the people’s will |
|
| d. |
meritocracy |
1 points
QUESTION 46
Gorbachev’s reforms in the 1980s relied on the policies of glasnost and perestroika, or
| a. |
political openness and economic restructuring. |
|
| b. |
economic reform and increased competition with the West. |
|
| c. |
multiparty elections and constitutional reform. |
|
| d. |
demilitarization and federalism. |
1 points
QUESTION 47
As they came into power in 2009 the Democratic Party of Japan promised voters to
| a. |
expand public works. |
|
| b. |
weaken the iron triangle. |
|
| c. |
maintain corporate welfare. |
|
| d. |
end support of agriculture. |
1 points
QUESTION 48
Deng Xiaoping introduced the “household responsibility system,” which referred to
| a. |
expanding urban housing. |
|
| b. |
expanding the welfare state. |
|
| c. |
privatizing farming. |
|
| d. |
imposing a strict birth control policy. |
1 points
QUESTION 49
Which of the following statements about the United Kingdom’s relationship with the European Union is accurate?
| a. |
The United Kingdom is a full EU member and has adopted the euro as its currency. |
|
| b. |
The United Kingdom is a transitional member of the EU, with membership conditional on acceptance of the single currency. |
|
| c. |
In the recent referendum known as “Brexit,” UK citizens voted to leave the EU. |
|
| d. |
Until recently, people living in the United Kingdom have been fully supportive of membership in the EU. |
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Cindy Szadokierski, United Airlines
Twenty-five years ago, Cindy Szadokierski quit her job teaching
high school French and went to work as a reservations agent for
United Airlines. Today, she is vice president in charge of
operations for United’s largest hub at O’Hare International
Airport.After joining the company, Szadokierski served in positions
of increasing responsibility, including being general manager of
United’s hub at Washington’s Dulles International Airport. From the
beginning of her career with United, Szadokierski wanted to be in
operations because she liked the idea of bridging the gap between
what goes on in the field and what happens at headquarters. At
O’Hare, where she oversees 4,000 employees and 600 flights a day,
her favorite times are the weekly afternoon walkabouts on the
O’Hare ramp and the weekly morning strolls through the terminal.
Why? Because they give her a chance to connect with employees and
customers. Pete McDonald, chief operating officer of United’s
parent, UAL Corporation, says there were serious operations
problems at O’Hare, so they put ‘‘the most communicative person’’
in the job. ‘‘She’s everywhere. She talks to everybody,’’ said Don
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How is good will "acquired"? What future value does this intangible asset represent to the buyer?
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If not, how is the value of Goodwill addressed in the financial statements.
In an M& A, why does the buyer's top management concern itself with the impairment of goodwill?
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B. $12,000.
C. $6,000.
D. $15,000.
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