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Dahasolnce [82]
3 years ago
8

Salary of the company president—$31,300. Salary of the vice president of manufacturing—$16,800. Salary of the chief financial of

ficer—$18,000. Salary of the vice president of marketing—$15,800. Salaries of middle managers (department heads, production supervisors) in manufacturing plant—$192,000. Wages of production workers—$940,000. Salaries of administrative secretaries—$110,000. Salaries of engineers and other personnel responsible for maintaining production equipment—$168,000. Commissions paid to sales staff—$256,000.
Prepare the journal entry.

Business
1 answer:
Misha Larkins [42]3 years ago
8 0

Answer:

Please see attachment

Explanation:

Please see attachment

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A key underlying assumption of MM Proposition I without taxes is that: corporations are all-equity financed. individuals can bor
MrRa [10]

Answer:

C.  Individuals and corporations borrow at the same rate.

Revised Question:

A key underlying assumption of MM Proposition I without taxes is that:

A.  financial leverage increases risk.

B.  individuals can borrow at lower rates than corporations.

C.  individuals and corporations borrow at the same rate.

D.  managers always act to maximize the value of the firm.

E.  corporations are all-equity financed.

Explanation:

Modigilani-Miller gave theories about the optimal capital structure of the firms. They proposed thier theories under <em>taxes and and without taxes</em> economies. They gave two propositions under each economy.

MM proposition I without taxes states that value of of firm with equity finance and value of a firm with debt finance are equal. So the capital structure of a firm is irrelevant in decision making.

The underlying assumption of the proposition is:

Presence of asymmetric information due to which, investor's and firm's cost of borrowing money is same.

5 0
3 years ago
Shoe Box Stores is currently an all-equity firm with 25,000 shares of stock outstanding. Management is considering changing the
notka56 [123]

Answer: d. Sell 210 shares and loan out the proceeds at 8 percent

Explanation:

Because the Firm wants to use a Debt to Equity Capital structure instead of an All Equity structure, she can lend money out at the company interest rate to NEGATE the conversion.

She can do this by selling 35% of her portfolio and loaning it out at 8%

35 % of her Portfolio would be,

= 0.35 * 600

= 210 shares

So she can sell 210 shares and loan at the proceeds at 8% to offset the Company's conversion

8 0
3 years ago
Proposals related to ________ include controlling the ingredients that go into certain products and packaging as well as reducin
Anna71 [15]

Answer:

quality of life

Explanation:

The consumers have the right to have an influence on products and marketing that will help with the quality of life. This leds to proposals that are related to this right that look to avoid a big amount of messages in an advertising that distract from the main idea and to be informed about the materials or ingredients used in goods. According to this, the answer is that proposals related to quality of life include controlling the ingredients that go into certain products and packaging as well as reducing the level of advertising "noise."

8 0
2 years ago
Suppose that the Town of Mapledale is considering hiring an additional firefighter. The expected benefit is estimated to be wort
Radda [10]

Answer:

(B) Hire the firefighter if the cost of the new firefighter is less than $75,000.

Explanation:

The city should hire the Firefighter only if the cost of new firefighter is less than $75,000.

Since $5 x 15000 residents = $75, 000.

Therefore it is still beneficial to hire a new firefighter if the cost is less than $75, 000

5 0
3 years ago
Sophie is highly concerned about what others think of her. She is extremely careful about freely displaying her feelings and opi
antiseptic1488 [7]

Answer:

The correct answer is letter "C": high on self-monitoring.

Explanation:

American psychologist Mark Snyder proposed the self-monitoring scale to explain how much people measure their behavior and affective demonstrations in front of others. Self-monitoring is the ability individuals have to evaluate their behavior to provide a good impression to others.

Thus, Sophie would score high in a self-monitoring test.

4 0
3 years ago
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