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4 years ago

Brianne, vice president of finance, and Dominic, vice president of human resources, are:________.

Business

1 answer:

Vladimir [108]4 years ago

4 0

Answer:

e. functional managers.

Explanation:

Functional managers may be defined as every individual who has the major responsibility of their expertise or a particular department, which is to be referred to the high authority of that specific department.

Therefore according to the above explanation, the correct answer is e and the rest is to be not relevant according to the given situation.

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Quail Company builds snowboards. Quail Company has reported the following costs for the previous year. Assume no production inve

kkurt [141]

a. Compute the direct material costs

Explanation:

a. Compute the direct material costs

7 0

3 years ago

Selected transactions completed by Canyon Ferry Boating Corporation during the current fiscal year are as follows. Journalize th

11111nata11111 [884]

Answer:

Canyon Ferry Boating Corporation

Journal Entries:

Debit Credit

Jan. 8: Stock Split

Jan. 8: Dividends: Preferred $9,600

Dividends: Common Stock $66,000

Dividends Payable $75,600

To record semiannual dividends declared.

July 1: Dividends Payable $75,600

Cash Account $75,600

To record the payment of the cash dividends.

Oct. 31: Dividends: Preferred $9,600

Dividends: Common Stock $33,000

Dividends Payable $42,600

To record semiannual dividends declared.

Oct. 31: Dividends: Common Stock $750,000

Dividends Payable $750,000

To record 5% dividend declared on the common stock.

Dec. 31: Dividends Payable $42,600

Cash Account $42,600

To record the payment of the cash dividends.

Dec. 31: Dividends Payable $750,000

Common Stock $750,000

To record the issue of certificates for the common stock dividend.

Explanation:

a) A decision by a company's board of directors to increase the number of outstanding shares through the issue of more shares to current shareholders is called a stock split. The purpose is to lower the market price of stock to a comfortable range for most investors, thereby increasing the liquidity of the shares. For example, in a 2-for-1 stock split, an additional share is given for each share held by a shareholder. The decision usually lowers the stock price and increases the number of shares by the same ratio, it does not necessitate for accounting records.

b) A stock dividend is payment to shareholders in the form of additional shares in the company, rather than as cash. There is no taxation on stock dividends until the shares granted are sold by their owners.

6 0

3 years ago

Tyson is a 25 percent partner in the KT Partnership. On January 1, KT makes a proportionate distribution of $16,000 cash and lan

mina [271]

Answer:

No option is correct. The options include inventory, while the question does not mention any inventory distributed.

Tyson's basis on the land is $4,000.

Explanation:

Tyson's basis on the land = total distribution - cash distribution = $20,000 - $16,000 = $4,000

A partner only needs to recognize a gain on a distribution when the cash distribution is larger than the partner's basis. In this case, the partner's basis is more than the cash distribution. The partner's basis for the rest of the assets distributed will be equal to the difference between the partner's basis - cash received.

In this case, since the difference is $4,000, then the basis for the land will be reduced.

7 0

3 years ago

Lindon company is the exclusive distributor for an automotive product that sells for $40 per unit and has a cm ratio of 30%. the

DIA [1.3K]

1)The cm ratio<span> is the difference between a company's sales and variable expenses (expenses proportional to units produced), expressed as a <span>percentage. Hence, we have that the costs of the product per unit are 70%= 100%-30% of the unit income, thus they are 40*70%=28$. Thus, the variable expenses per unit are 28$.
2) In order to break even, they have to make profit of 180000$ from sales. Each unit gives a profit of 12$=40$-28$ (unit profit). Hence, in order to make a profit of 180000$, the have to sell 180000/12=15000 units. Those units will bring in sales of 40*15000=600000$. We also have that if the company wants to make a net profit of 60000$, the profit from the unit sales needs to be 240000$ in total. Hence, they will need 240000/12=20000 units and the sales will be 40*20000=800000$ at that point.
3) Let us calculate the new cost. It is obviously 28-4=24$. The new profit margin per unit is 40-24=16$. Hence, to break even this time they will need only 180000/16=11250 units. They will be sold for 40*11250=450000$ in total. To make that additional profit of 60000$, they will need to sell 60000/16 more units, hence 3750 more units. This means that they need to do an additional 150000 dollars in sales. With the new variable cost, to achieve profit of 60000 they need to sell 11250+3750=15000 units and they will cost 600000$

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5 0

3 years ago

If U.S. immigration consists of mainly low-skilled workers, then an increase in immigration __________ the wages of low-skilled

Andreas93 [3]

Answer:

Option B: will reduce

Explanation:

Immigration is simply movement from one country to another with the intention of staying. Immigrant are coming into the US yearly .

If U.S. immigration consists of mainly low-skilled workers, then an increase in immigration reduce the wages of low-skilled workers as they are too much and wages will have to fall.

7 0

3 years ago