Creation and execution of goals by the management team, defined by available resources and existing conditions in and out of the company.
Managers can increase cohesiveness in teams through encouraging people to have face-to-face exchanges at work. They should mandate through verbal and non-verbal actions. They should be hands-on in every detail of the company.
Answer:
Explanation:
Given:
Discount = original price × discount fraction
Discounted price = original price - discount
Discount fraction = 20%
= 20/100
A.
Original price of shirt = $x
Original price of hat = $(x + 10)
Discounted price of shirt = $x - $0.2x
= $0.8x
Discounted price of hat = $(x + 10)
- 0.2$(x + 10)
= $0.8 × (x + 10)
Difference of discounted price of hat to shirt = 0.8(x + 10) - 0.8x
= $8
B.
Original price of shirt = $x
Original price of hat = $ 1.5 × x
Discounted price of shirt = $x - $0.2x
= $0.8x
Discounted price of hat = $ 1.5 × x
- 0.2 × $ 1.5 × x
= $ 1.2x
Difference of discounted price of hat to shirt = 1.2x - 0.8x
= $ 0.4x
Answer:
Net income= $11,412.2
Explanation:
Giving the following information:
sales of $46,382
interest expense of $3,854
cost of goods sold of $16,659
selling and administrative expense of $11,766
depreciation of $6,415
t=0.35
We need to use the following formula:
Net income= (sales - COGS - selling and administrative expense - interest expense - depreciation) - tax + depreciation
First, we deduct Depreciation to decrease the tax base, but because it is not an actual payment, we have to sum it after tax.
Sales= 46,382
COGS= (16,659)
Gross profit= 29,723
Selling and administrative expense= (11,766)
Interest=(3,854)
Depreciation= (6,415)
EBT= 7,688
Tax= (7,688*0.35)= (2,690.8)
Depreciation= 6,415
Net income= $11,412.2
Answer:
Explanation:
The necessary adjusting entries at December 31 to record amortization required by the events above has been prepared.
It should also be noted that due to the goodwill having an indefinite life, no entry was made to amortize the goodwill.
It should be noted that the amortization expense was gotten as:
Annual amortization = $75,000/5
= $15,000
2015 amortization= $15,000 × 8/12months
= $15,000 × 2/3
= $30,000/3
= $10,000
Kindly check the attached file forthe adjusting entries
