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2 years ago

On December 31 of the current year, Pilozzi Company has the following information available:

Business

1 answer:

Aleksandr [31]2 years ago

6 0

Answer:

On December 31 of the current year, can the Board of Directors declare and pay a cash dividend of $ 2 million

If the company don´'t have enough cash on hand to distribute the previously announced sum to shareholders, it may have to borrow funds to honor the dividend payment.

Explanation:

Companies can pay dividends in cash or additional shares.

If the company don´'t have enough cash on hand to distribute the previously announced sum to shareholders, it may have to borrow funds to honor the dividend payment.

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Companies that succeed in a turbulent world are those in which managers are evaluated and rewarded for paying attention to both

lisov135 [29]

Companies that succeed in a turbulent world are those in which managers are evaluated and rewarded for paying attention to both cultural values and business performance. True

Answer: The correct answer is (a) True

Explanation:

Success of a company highly depends upon it's workforce specially the managers.They are real assets for every concern.An organisation stands nowhere without it's managers.

It is mandatory for every concern to evaluate it's managers and reward them from time to time to enhance their involvement as well as their performance in business.Employees should be rewarded according to their value.They should be rewarded fairly for their tasks.

This system help in motivating the employees.Rewards can be in the form of bonus,salary increment,promotions and many other benefits.

Besides rewarding the employees performance should also be evaluated on regular basis.For this their actual performance should be compared with standard performance and if any discrepancy arises they should be informed and corrective measures must be taken.This will help the employees in knowing where they are lacking and it will give them a chance to improve their performance.

6 0

2 years ago

A company distributes a product that sells for $50 per unit. Variable expenses are $10 per unit, and fixed expenses total $15,00

Sidana [21]

Answer:

Income will increase by $20,000.

Explanation:

First, we need to calculate the current income:

Current income= 4,000*(50 - 10) - 15,000= $145,000

Now, the new selling price, fixed costs, and sales in units:

Selling price= 50*0.9= $45

Fixed costs= $45,000

Sales= 4,000*1.5= 6,000

New income= 6,000*(45 - 10) - 45,000= $165,000

Difference= 165,000 - 145,000= 20,000

Income will increase by $20,000.

4 0

2 years ago

If a company understates its count of ending inventory in Year 1, which of the following is true?-Costs of good sold is understa

bogdanovich [222]

Answer:

Costs of good sold is understated at the end of Year 1

Explanation:

From the inventory formula:

$$$Beginning Inventory + Purchase = Ending Inventory + COGS$

An understatment means, something worth $10 is being valued at $8 so if the count is understate the Ending Inventory in the books is lower that the real ending iventory

We could build the following formula

if ending is undestated we got that

$$$Beginning Inventory + Purchase = Ending Inventory_{book}($ending inventory_{REAL} - $understament) +$COGS$

Now because of this, COGS needs to make up for the lower ending inventory so it will be understated as well, by the same amount.

5 0

2 years ago

You are considering two independent projects with the same discount rate of 11 percent.

VikaD [51]

Answer:

Project B should be accepted.

Explanation:

Giving the following information:

Project A:

Io= -$284,700

Year 1= $75,900

Year 2= $106,400

Year 3= $159,800

Project B:

Io= -$115,000

Year 1= $50,000

Year 2= $50,0000

Year 3= $50,000

Discount rate= 11%

To calculate the convenience of each project, we need to calculate the Net Present Value (NPV). If the NPV is positive, the project increases the value of the company.

NPV= -Io + ∑[Cf/(1+i)^n]

Cf= cash flow

Project A:

NPV= -284,700 + 75,900/1.11 + 106,400/1.11^2 + 159,800/1.11^3

NPV= -13,120.61

Project B:

NPV= -$115,000 + 50,000/1.11 + 50,000/1.11^2 + 50,000/1.11^3

NPV= 7,185.74

Project B should be accepted.

4 0

3 years ago

Tomika Corporation has current and accumulated earnings and profits of $0. Tomika distributes $10,000 to its sole shareholder

Misha Larkins [42]

Answer:

The answer is: A) 0$

Explanation:

If Tomika Corporation's current and accumulated earnings and profits was $0, the fact that it distributed $10,000 to Alana (sole shareholder) wouldn't change that number. The only thing that has changed in Tomika is the amount of equity.

For earnings and profits account to change, Tomika must make or lose some money doing business.

5 0

2 years ago

On December 31 of the current​ year, Pilozzi Company has the following information​ available:

On December 31 of the current year, Pilozzi Company has the following information available: