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1 year ago

Determine for which type of financial responsibility centers the following managers are most likely responsible.

1 answer:

7 0

An investment center is a business unit of a company that utilizes the firm's capital to invest in capital assets for generating returns that contribute to increasing the company's overall profitability.

<h3>What is meant by investment center?</h3>

An investment center is a center that is responsible for its own revenues, expenses, and assets and manages its own financial statements which are typically a balance sheet and an income statement.

<h3>What is the objective of investment center?</h3>

Investment center is a standalone business segment accountable for its own assets, expenses and revenues. The objective of an investment center is to use capital employed to contribute to the profitability of its parent company.

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Nolte Co. has 4,800,000 shares of common stock outstanding on December 31, 2012. An additional 200,000 shares are issued on Apri

12345 [234]

Answer:

5,110,000 and 5,170,000.

Explanation:

earnings per share EPS = (net income - preferred dividends) / weighted average of outstanding shares

4,800,000 at the beginning of the year
200,000 issued April 1 = 200,000 x 9/12 = 150,000
480,000 issued September 1 = 480,000 x 4/12 = 160,000

weighted average outstanding shares = 4,800,000 + 150,00 + 160,000 = 5,110,000

diluted shares = ($6,000,000 / $1,000) x 40 x 3/12 = 60,000

diluted EPS = (net income - preferred dividends) / (weighted average of outstanding shares + diluted shares)

weighted average of outstanding shares + diluted shares = 5,110,000 + 60,000 = 5,170,000 shares

4 0

3 years ago

. JetGreen Cleaners makes 80% of its sales on credit. Experience shows that 25% of the credit customers pay in the month of sale

anastassius [24]

Answer:

July = $237,600

August = $238,400

Explanation:

Note that credit sales account for only 80% of total sales, the remainder should be considered as cash receipts in the month of sale. Cash receipts for July are 20% of July total sales, plus 25% of July credit sales, plus 55% of June credit sales, and 20% of May credit sales:

$J = 0.20*280,000+0.8*(0.25*280,000+0.55*220,000+0.20*180,000)\\J= \$237,600$

Cash receipts for August are 20% of August total sales, plus 25% of August credit sales, plus 55% of July credit sales, and 20% of June credit sales:

$A = 0.20*200,000+0.8*(0.25*200,000+0.55*280,000+0.20*220,000)\\A= \$238,400$

Budgeted cash receipts are:

July = $237,600

August = $238,400

5 0

3 years ago

Unions contribute to

Len [333]

Answer:

The correct answer is D: neither frictional nor structural unemployment

Explanation:

Structural unemployment is a form of unemployment where, at a given wage, the quantity of labor supplied exceeds the quantity of labor demanded because there is a fundamental mismatch between the number of people who want to work and the number of available jobs. It is generally considered to be one of the “permanent” types of unemployment, where improvement if possible, will only occur in the long run.

Structural unemployment is a longer-lasting form of unemployment <u>caused </u>by fundamental shifts in an economy and exacerbated by extraneous factors such as technology, competition, and government policy. The unemployed workers may lack the skills needed for the jobs, or they may not live in the part of the country or world where the jobs are available. Structural unemployment can last for decades and may need radical change to redress the situation.

<u>There is not a direct link between unions and structural unemployment. The main causes are economy shifts, lack of preparation, competiton (for example, factories moving overseas), government policy, technology shifts, etc.</u>

Frictional unemployment is the time period between jobs when a worker is searching for or transitioning from one job to another. It can be voluntary based on the circumstances of the unemployed individual. Frictional unemployment exists because both jobs and workers are heterogeneous, and a mismatch can result between the characteristics of supply and demand. Such a <u>mismatch can be related to skills, payment, work-time, location, seasonal industries, attitude, taste, and a multitude of other factors.</u>

There is always at least some frictional unemployment in an economy. Economists accept that some frictional unemployment is okay because both potential workers and employers take some time to find the best employee-position match.

<u>There is no direct contribution that unios made to generate or increase frictional unemployment. It causes are found in the description above.</u>

5 0

3 years ago

Susan, 56 years of age, and her daughter beverly, 28 years of age, are both secretaries. they both apply for the same job, and a

svetoff [14.1K]

This attitude reflects ageism.
It is a type of discrimination based on somebody's age - even though Susan is more experienced than her young daughter when it comes to this job, Beverly got the job because she is younger. So, Susan has been discriminated against because she is way older than Beverly.

5 0

3 years ago

What did timothy do with the rope he made?

ss7ja [257]

Timothy stretched the rope between the hut and the beach for Philips to follow.

6 0

3 years ago

Read 2 more answers