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1 year ago

What is accountability

1 answer:

5 0

Accountability is a promise that a person or a group will be judged on how they perform or behave in relation to anything for which they are accountable.

Though more from the standpoint of oversight, the phrase refers to accountability. For instance, an employee might be in charge of making sure that a response to an RFP (request for proposals) complies with all the standards. Consequences may or may not occur if the work is not completed satisfactorily. Accountability, on the other hand, indicates that the worker is required to successfully complete the task and will need to at least justify their failure.

Learn more about Accountability here

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Which best describes how an investor makes money from an equity investment?

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By selling the asset for a profit

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2 years ago

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Pab Corporation decided to establish Sollon Company as a wholly owned subsidiary by transferring some of its existing assets and

Burka [1]

Answer:

Debit : Cash $44,000

Debit : Inventory $76,000

Debit : Land $109,000

Debit : Buildings $249,000

Debit : Equipment $121,000

Credit : Accounts Payable $63,000

Credit : Shares (30,000 x $6) $180,000

Credit ; Gain on Bargain Purchase $356,000

Explanation:

Assets and liabilities are acquired at their Fair Value Amounts instead of Cost or Book Value.

A transfer of some of the asset of a Company is referred as a Asset acquisition transaction instead of Business Combination (Acquirer obtains control of one or more businesses).

This is an asset Acquisition Transaction and no consolidated Financial Statements will be prepared.

The excess of Net Assets Acquired over the consideration is called Gain on Bargain Purchase and this amounts to $356,000.

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2 years ago

Modern Movables Corporation is a Virginia-based manufacturer of furniture. In a recent quarter, it reported the following activi

icang [17]

Answer:

Modern Movables Corporation

Statement of cash flows

Cash flows from investing activities:

Proceeds from sale of equipment $6,894

Purchase of equipment ($901)

Sale of investments <u> $137 </u>

Net cash from investing activities $6,130

Cash flows from financing activities:

Proceeds from issuance of common stock $14

Borrowings under line of credit (bank) $1,447

Payments to reduce notes payable ($49 )

Dividends paid <u> ($280 )</u>

Net cash from financing activities $1,132

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2 years ago

Firm A has $1 million in operating income and pays $250,000 in interest. In addition, firm A has $7.50 EPS. Firm B has an operat

Vitek1552 [10]

Answer:

$10.00

Explanation:

Earning per share is the ratio of net Income of the business per outstanding share of the business after deducting the preferred dividend from net earning. It shows how much each stockholder earn against their each share in a specific period.

Earning Per share ( EPS ) of Firm A = $7.50 per share

Number of outstanding share can be calculated as follow

EPS = Net Income / Outstanding Numbers of share

Outstanding Numbers of shares = Net Income / EPS

Outstanding Numbers of shares = ($1,000,000 - $250,000) / $7.5 per share = 100,000 shares

Firm B

As Tax will be ignored, interest expense is also same as the Firm A and numbers of share is also sames.

Operating Income = $2.0 million = $2,000,000

Less: Interest expense $250,000

Net Income $175,000

EPS = $175,000 / 100,000 share = $17.5 per share

Difference = $17.5 - $7.5 = $10 per share

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2 years ago

In the adjourning phase of small group development, the members of the group have met their goals and completed their tasks and,

lana66690 [7]

Answer:

The answer is adjourning.

Explanation:

This answer is part of the five stages of group development conceptualized by Bruce Tuckman. These stages are forming, storming, norming, performing, and adjourning. Adjourning is the last stage of group development, which occurs when the team has managed to reach the common goal that is the purpose of the group’s formation in the first place.

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2 years ago