Answer:
The correct answer is letter "B": Interpersonal skills are important throughout a manager's career, at every level of management.
Explanation:
Managerial skills are the set of capabilities high-rank executives must develop in the course of their careers to conduct businesses efficiently. Communication, decision-making, problem-solving, and motivation are some of the interpersonal characteristics they must meet.
Answer:
Land ($91,000), building ($143,000) and equipment ($26,000)
Explanation:
We can allocate the fair values as follows:
Particulars Fair value Allocated amount
(a) (b) = (a)/Total*$260,000
Land $126,000 $91,000
Building 198,000 143,000
Equipment 36,000 26,000
Total $360,000 $260,000
The amount that the company would record for the individual asset is as provided above.
Answer:
$1,000
Explanation:
The above means that for every $1 increase in the market value in a long margin account, the SMA increases by $0.50
If the market value rises to $22,000, the account will show
Long market value - Debit = Equity % SMA
$22,000 - $10,000 = $12,000
Against $22,00 of market value, 50% can be borrowed or $11,000. Since the debit is $10,000, an additional $1,000 can be borrowed . This is the SMA
Answer:
a. Current ratio = Total current assets / Total current liabilities = $366 / $226 = 1.62 to 1
b. Average receivable = (Beginning receivables + Ending receivables) / 2 = ($156 + $160) / 2 = $158
Average collection period = Number of days in year / Credit sales * Average accounts receivable = 365 / $1,702 * $158 = 33.88 days
c. Average Stockholder's equity = (Beginning equity + Ending equity) / 2 = ($500 + $550) / 2 = $525
Return on stockholder's equity = Net income / Average stockholder's equity = $112 / $525 = 21.33%
d. Earnings per share = Net income / Common shares outstanding = $112 / 46 = $2.43 per share
Price earnings ratio = Market price per share / Earnings per share = $50 / $2.43 = 20.58 times
e. Dividends per share = Dividends / Common shares outstanding = $92 / 46 = $2.00 per share
Dividend yield ratio = Dividend per share / Market price per share = $2.00 / $50 = 4.00%
Workings
Beginning retained earnings $346
Add: Net income $112
Less: Ending retained earnings -<u>$366</u>
Dividends <u>$92</u>
