Answer:
The ending balance in the retained earnings account is $31400.
Explanation:
The ending balance in the retained earnings accounts is equal to the opening balance of the retained earnings account plus the addition to the retained earnings for the year.
The addition to retained earnings will be the Net income less dividends.
The net income for the year was = 75200 - 55000 = $20200
Addition to Retained earnings = 20200 - 12600 = $7600
Closing balance of retained earnings = 23800 + 7600 = $31400
Answer: A demand curve is built on the assumption that only the demand and price of the good/service will change.
Explanation: A demand curve is a graph that shows the change in how much demand may change if price of the good/service changes well. The graph helps connect the relationship between both price and demand
Answer:
Customer lifetime value predicts how much profit is associated with a customer during the course of their lifetime relationship with a company.
Explanation:
It is important to manage customer relationships because customers provide a great deal of value to the company if they remain customers for many years.
Customer lifetime value is greater for companies who have loyal customers as compared to customers who are one time only. They add less value to the company as customers are also a source of promotion for the company.
Answer:
False
Explanation:
Outside directors are members of the board of directors that are not employees of the corporation. While an inside director is a member of the board that is also employed by the corporation, e.g. CEO.
Corporations are separate entities form their stockholders, that is why limited liability applies to them. The board of directors doesn't have to include stockholders or employees, they usually do, but it is not required by law. Outside directors should very experienced and capable individuals that possess certain expertise that can help the corporation. Also, the board should control and supervise upper management, but if only inside directors were admitted into it, then who would control them?
Answer:
The answer is option (C) authority-compliance style.
Explanation:
The authority-compliance style In the context of the Blake/Mouton leadership grid describes when managers or bosses are overly concerned about the effectiveness with which their employees or subordinates get work done without regard for the well being of such employees.
This kind of dictatorial management style is due to the fact that a manager or boss believes that the needs of his/her subordinates or employees are relatively unimportant when compared to achieving success or getting work effectively done.
