Answer:
b. scanning the chart vertically
Explanation:
Scanning the charts vertically is the best option for assisting when trying to report to the vice president on their various areas of specializations. In vertical organogram, it helps to represent the line or chain of commands in an organization starting from the least to the most important person in that given organization vertically.
<em>The least would happen to be the new entrant in the organization while the most important would happen to be the CEO or President overseeing all the activities of the said organization.</em>
Answer:
- After-Tax return on Municipal Bond = 7%
- After-Tax Return on Corporate Bond = 6.72%
Explanation:
The main advantage that Municipal Bonds usually carry with them is that they are tax-exempt. As no taxes are paid on them, there is no need to calculate an after-tax return because it is the same as a pre-tax return.
After-Tax return on Municipal Bond = 7%
The Corporate Bond is subject to tax based on the holder's tax bracket.
After-Tax Return on Corporate Bond = 8.4 % * ( 1 - 20%)
After-Tax Return on Corporate Bond = 6.72%
<em>Considering taxes, the Municipal Bond is better. </em>
Answer: C) Frank is an outside director on Lofloy's board of directors.
Explanation:
As Frank has a full time employment position as a senior manager at Spinson Locomotives, he is most likely an outside director on Lofloy's board of directors.
Outside directors are those members of the board in a company that are not employed by the company which Frank isn't.
Outside directors like Frank are thought to be more impartial in decision making and for this reason companies are usually required to have a certain number of them sitting on the board.
Answer:
The total amount of cash expected to be received from customers in September is: B. $ 108,000
Explanation:
The total amount of cash expected to be received from customers in September include the following :
- <em>Cash Sales in the month of September - 25 %</em>
- <em>Cash Receipts from Accounts for August Sales - 75 %</em>
<u>The Calculation of cash expected to be received from customers in September is as follows :</u>
Cash Sales - September = 120,000 × 25% = 30,000
Credit Sales - August = 104,000 × 75% = 78,000
Total = 108,000
Answer:
Balance sheet extract:
Intangible assets:
Copyright 1 $0
Copyright 2 $48,000
Explanation:
The points to note in the question are enumerated as follows:
An internally generated intangible asset cannot be capitalized.By capitalization ,I mean its costs is treated as intangible asset to be amortized over its useful life.As a result,the $16,000 incurred on the internally generated intangible asset,specifically,the first copyright should be treated as expense when incurred.
However,the second copyright that was bought from University Press can be treated as asset but cannot be amortized since it has indefinite life,but would be tested for impairment on a yearly basis,with impairment losses charged to profit or loss account.
