The concept referring to the rights inherent in a supervisory position to give orders and expect the orders to be obeyed is---- Authority
What is the concept of authority?
Authority can be defined as the legal right of a person or superior to command his subordinates. On the other hand, accountability refers to the duty of an individual to carry out his performance as per the company standards. The direction of the flow of authority is from the superiors to subordinates.
What is authority in a person?
a person who has authority over another person : a person who has the power to give orders or make decisions A child needs a figure of authority in his or her life.
Why is it important to have authority?
Authority can be used to protect our rights to life, liberty, and property. Authority can be used to provide order and security in people's lives. For example, air traffic controllers prevent accidents and provide safety for airplane passengers. Authority can be used to manage conflict peacefully and fairly.
Supervisory position :
Supervisory position means a position in which an employee directs staff members and manages a function, program or support service. Supervisory position means a position, the assigned duties of which include the supervision of a work unit of a department.
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Answer:
option (C) $1,201,300
Explanation:
Data provided in the question:
Balance in retained earnings = $492,000
Balance in Common Stock = $605,000
Net income earned = $92,000
Dividend paid = $15,200
Common stocks issued = $27,500
Now,
Common Stock
= Balance in Common Stock + Common stocks issued
= $605,000 + $27,500
= $632,500
Retained Earnings
= Balance in retained earnings + Net income earned - Dividend paid
= $492,000 + $92,000 - $15,200
= $568,800
Total Stock Holders Equity on Dec 31,2012
= Common Stock + Retained Earnings
= $632,500 + $568,800
= $1,201,300
Hence,
The answer is option (C) $1,201,300
Answer:
E. The corporate valuation model discounts free cash flows by the required return on equity.
