Answer:
Managers should be held responsible for only those cost, revenues, or assets over which they have substantial control should be considered as a
FALSE Statement.
Explanation:
In order to understand this statement comprehensively, we need to know the following two views.
The Omnipotent View
The Symbolic View
The Omnipotent view
This view defines and makes managers wholly responsible for all the success and losses of an organisation. This view referred managers as completely liable for all the operations, causes and their resulting effects within an organisation. No matter what, they are held liable for the consequences. For example, when a football team performs, coaches and managers are held liable and they come under radar in case of bad performances.
The symbolic View
This view says that managers make decisions in the best interest of the firm on the base of available resources, assets, costs and revenues but there are certain things which are beyond their control, they have very less or little control over certain things like economy, political environment – rules and regulations, competitors actions, market conditions, having control over technology etc.
Consequently, mangers cannot be held completely responsible; they have limited impact and effect over the organisational performance.
Answer:
Project L is the better project as it has higher NPV and its IRR is 12.70%
Explanation:
- NPV of Project S as followed:
-1,000 + 895.03/(1+10.5%) + 250/(1+10.5%)^2 + 10/(1+10.5%)^3 + 5/(1+10.5%)^4 = $25.5
- NPV of Project L as followed:
-1,000 + 5/(1+10.5%) + 260/(1+10.5%)^2 + 420/(1+10.5%)^3 + 802.5/(1+10.5%)^4 = $67.
<u>=> Project L is the better Project as it has higher NPV.</u>
The IRR is the discount rate that puts the net present value of project's cash flows to 0 (zero).
- IRR of Project L as followed:
-1,000 + 5/(1+IRR) + 260/(1+IRR)^2 + 420/(1+IRR)^3 + 802.5/(1+IRR)^4 = 0 <=> IRR = 12.70%
Answer:
Quantity
Explanation:
A quantity discount is a dicount that occurs or that is put in place when a least certain amount of goods is ordered or purchased.
Like the question, there is a 15% discount for at least a dozen orders of Mandarin bird feeders. If the order exceeds a dozen peices, say 13 or 14 or 50 or even a 100 pieces, the discount of 15% comes into play during payment for those feeders.
Cheers.
Answer:
$0
Explanation:
A student who lives in his parents’ home and being claimed as a dependent by his parent cannot claim any return on tax return for an amount borrowed for higher education expenses or for an interest paid on such loan. This is because, the parents have already claimed as a dependent to reduce their taxable income.
Therefore, Shana will claim $0 because he still lives at home and being claimed by his parents as a dependent to reduce their taxable income.
