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Scrat [10]
3 years ago
6

Curtis created his own restaurant equipment company, supplying the greater Denver area, five years ago. Until now, he has, never

worried about instituting a formal control system. Now, after the Great Recession, he is facing more cost-conscious restaurant owners. He has decided that a formal control system is needed. The first step Curtis should take is:_______________.A) design an accident report form so that he can keep accurate records of all accidents that occur. B) devise a set of clear performance standards. C) talk to his banker to set financial goals. D) draw up a formal organization chart.
Business
1 answer:
Amanda [17]3 years ago
7 0

Answer:

cocc

Explanation:

a

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Maloney's, Inc. has found that its cost of common equity capital is 17 percent and its cost of debt capital is 6 percent. The fi
Gwar [14]

Answer:

11.64%

Explanation:

The formula to compute WACC is shown below:

= Weightage of debt × cost of debt × ( 1- tax rate)  + (Weightage of  common stock) × (cost of common stock)

where,  

Weighted of debt = Debt ÷ total firm

The total firm includes debt, preferred stock, and the equity which equals to

= $3,000,000 + $2,000,000 = $5,000,000

So, Weighted of debt = ($2,000,000 ÷ $5,000,000) = 0.40

And, the weighted of common stock = (Common stock ÷ total firm)

                                                              = $3,000,000 ÷ $5,000,0000

                                                              = 0.60              

Now put these values to the above formula  

So, the value would equal to

= (0.40 × 6%) × ( 1 - 40%) +  (0.60 × 17%)

= 1.44% + 10.2%

= 11.64%

8 0
3 years ago
Canadian company Yummy Snacks exports a number of products to consumers in Peru, Chile, and Argentina. According to this informa
bija089 [108]

Answer:

International Trade

Explanation:

Based on the information provided within the question it can be said that in this scenario Yummy Snacks is most likely involved in International Trade. This refers to exchanging goods or services across international borders throughout various countries, either exporting or importing. Which is what Yummy Snacks is doing by exporting their product to consumers in various Latin American Countries in exchange for money.

5 0
3 years ago
A ___________ loan is one that is backed up by something of value.
zlopas [31]

Answer:

secure

Explanation:

A secure loan is backed by collateral or assets of value

7 0
3 years ago
Read 2 more answers
Steve Company purchased a tractor at a cost of $180,000. The tractor has an estimated salvage value of $20,000 and an estimated
Ghella [55]

Answer:

Steve Company

Entries to record the sale of the tractor will show:

Debit Cash Account with $70,000

Credit Sale of Tractor with $70,000

To record the sale

Debit Accumulated Depreciation with $72,000

Credit Sale of Tractor with $72,000

To record the transfer of accumulated depreciation.

Debit Sale of Tractor with $180,000

Credit Tractor Account with $180,000

To record the transfer of Tractor account.

Debit Loss on Sale of Tractor with $38,000

Credit Sale of Tractor with $38,000

To record the loss on sale of tractor.

Explanation:

1. Depreciation Expense for:

2019 = ($180,000 - 20,000)/10,000 x 2,400 = $38,400

2020 = ($180,000 - 20,000)/10,000 x 2,100 = $33,600

2. Accumulated Depreciation balance = $72,000 ($38,400 + 33,600)

3. Tractor account will be equal to $180,000 and this is transferred out to Sale of Tractor to account for the transaction.

4. Loss on Sale of Tractor =  $38,000 ($180,000 - 72,000 - 70,000).  The tractor was sold for less than its book value.  The book value is the Tractor book value minus the accumulated depreciation.

3 0
3 years ago
An organizational decision maker assesses conditions of certainty, uncertainty, and risk during the process of a. determining th
Alchen [17]

Answer:

b. evaluating alternatives

Explanation:

Decision making process involves identifying a problem, defining the decision criteria, determining the decision type, generating alternatives, evaluating and selecting the best possible alternative,

A problem is defined when a gap exists between actual and desired state. Next step is to identify the organizational criteria upon which decisions would be based.

Third step is to weigh pros and cons of the criteria in light of the situation. Next step is to generate alternatives and options which are available.

In the next step, all the available options are weighed w.r.t organizational criteria, which is the evaluation stage.

The last step is the selection of the most feasible alternative and it's implementation.

4 0
3 years ago
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