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1 year ago

Economist Thomas Piketty criticized executive compensation levels and thought CEOs should be satisfied with:

1 answer:

7 0

Economist Thomas Piketty criticized executive compensation levels and thought CEOs should be satisfied with: reduced pay.

<h3>What does Piketty saw about the high wage of CEOs?</h3>

According to this bestselling economist, he attributed the high rate of wage that CEOs receive to be a reason for the inequality experienced in the society.

According to him, a nation cannot be said to be growing when individual wealth is higher than the GDP of the nation.

Read more on Thomas Piketty here: brainly.com/question/17126906

SPJ1

You might be interested in

What is the purpose of jim lentz’s series of presentations to toyota employees in california?.

Serggg [28]

<h3>Answer</h3>

To address employees concerns and provide details about relocation.

Explanation

CEO Jim Lent addressed the employees at Toyota to their concerns and to inform them about the relocation that is planned at a board level and then it is to be implemented.

CEO of Toyota is therefore addressing the employees to provide them details about relocation and to address their concerns.

<h3>Conclusion</h3>

Jim Lent CEO of Toyota, addressed the employees to provide them details about relocation and to address their concerns.

Learn more about Business at brainly.com/question/26562433

6 0

2 years ago

The XYZ Corporation pays no cash dividends currently and is not expected to for the next five years. Its latest EPS was $18.00,

stellarik [79]

Answer:

current intrinsic value per stock = $26.35

Explanation:

year dividend EPS

0 0 $18

1 0 $20.88

2 0 $24.22

3 0 $28.10

4 0 $32.59

5 0 $37.81

6 $12.59 $41.97

growth rate up to year 5 = 16%

ROE growth rate starting year 6 = 11%

dividend growth rate starting year 6 = 11% x (1 - 30%) = 7.7%

cost of equity = 24%

horizon value at year 5 = $12.59 / (24% - 7.7%) = $77.24

current intrinsic value per stock = $77.24 / 1.24%⁵ = $26.35

4 0

2 years ago

Bad Debt Expense info:Allowance for Doubtful Accounts has a credit balance of $1,000. Credit sales are $500,000. Cash sales are

kow [346]

Answer:

Bad Debt Expense $24,000 Dr

Allowance for Doubtful Accounts $24,000 Cr

Explanation:

Data:

BB = Beginning Balance = $1,000

CS = Credit Sales = $500,000

CH = Cash Sales = $500,000

SM = Percentage Sales Method = 5% = 0.05

U = Uncollectible = $25,000

AR = Accounts Receivable = $200,000

ADA = Allowance for Doubtful Accounts = ?

Calculations:

ADA = U - BB = $25,000 - $1,000 = $24,000

Net Realizable Cash Value = AR - ADA = $200,000 - $24,000 = $176,000

Balance in the Allowance Account after the adjusting entry = BB + ADA = $1,000 + $24,000 = $25,000

Journal entry:

Bad Debt Expense $24,000 Dr

Allowance for Doubtful Accounts $24,000 Cr

Hope this helps!

8 0

3 years ago

Starling Co. manufactures one product with a selling price of $18 and variable cost of $12. Starling’s total annual fixed costs

nikitadnepr [17]

The number of units that Starling Co. sold was 11200

<u>Explanation:</u>

Given -

Operating income = $28,800

Fixed cost = $38,400

Selling price of one unit = $12

Variable cost = $12

Number of units sold, n = ?

Contribution margin per unit = $18 - $12

= $6

$n = \frac{operating income + fixed cost}{contribution margin per unit}$

$n = \frac{28800 + 38400}{6} \\\\n = \frac{67200}{6} \\\\n = 11200$

Therefore, number of units that Starling Co. sold was 11200

7 0

3 years ago

A coupon bond that pays semiannual interest is reported in the Wall Street Journal as having an ask price of 116% of its $1,000

Anna35 [415]

Answer:

$1,174.75

Explanation:

The computation of the invoice price of the bond is shown below:

As we know that

Invoice Price of Bond = Ask Price of Bond + Accrued interest

where,

Ask Price is

= $1,000 × 116%

= $1,160

Interest accrued for 3 months is

= $1,000 × 5.90% × 3 months ÷ 12 months

= $14.75

So,

Invoice Price of Bond is

= $1,160.00 + $14.75

= $1,174.75

3 0

3 years ago