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N76 [4]
4 years ago
15

Over a long period of time Sears has slipped from being America's largest retailer to struggling for survival in recent years. W

hat cultural change can you suggest to help company leadership at Sears restore some of the retailer's past glory?
Business
1 answer:
Kaylis [27]4 years ago
4 0

Answer:

I think Sears need to stop diversifying its product too much and focus on improving internal human resources.

Explanation:

The largest expense that Sears made occurred during their effort to add more female customers to shop at their place.

Sears was known for  its DieHard, Craftsman and Kenmore brands that attract mostly male customers to their stores. They started “The Softer Side of Sears”  which focused on adding more products for female customers.

But, in the process of doing so, Sears neglected their already successful male products department with a lot of employees who sacrifice a lot of their time and effort into making Sears as big as it is.

In order to restore to its former glory, Sears need to stop focusing on new market with a lot of strong competitors and focused on improving skill set of employees in their successful department. They can do this by investing in their education, increasing the budget for their research and development, etc.

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Skysong, Inc. began the year 2022 with retained earnings of $670000. During the year, the company sold additional shares of stoc
vlada-n [284]

Answer:

$787,000.

Explanation:

Skysong, Inc. generated a profit of $248,000 (633,000 - 385,000) during the year 2022. This amount has a credit balance in income statement, closing it would require a debit to it and a credit entry to match the debit is made to Retained Earnings account which is an item of Statement of Owners' Equity. Statement of Owners' Equity is a report that represents the Equity section of balance and accounts for any changes in the owners' equity during a period. The items included in this statement are Capital, Paid-up Capital, Retained Earnings, and Drawings. To calculate the ending balance of Skysong's retained earnings, we have to prepare a statement of owners' equity.

                                    Statement of Owners' Equity

                                           <u>Capital</u>                           <u>Retained Earnings</u>        

Opening Balance                  -                                          $670,000

Additional Stock             $1,005,000

Profit for the Year                                                               248,000

Dividends Paid                                                                   (131,000)

Closing Balance             $1,005,000                                787,000

⇒ Skysong's retained earnings will be reported at $787,000 at the end of 2022.

7 0
4 years ago
The economic doctrine that opposes government interference in economic activities is called ___________.
Bezzdna [24]
The economic doctrine that opposes government interference in economic activities is called laissez-faire. 
3 0
4 years ago
Read 2 more answers
A company had the following stockholders' equity information available at year-end. - Issued 11,000 shares of $2.00 par value co
Luba_88 [7]

Answer:

$28.5

Explanation:

Earnings per share is calculated for Equity shares.

And the treasury stock is not included.

Total equity shares in number = 11,000 - 1,000 (Treasury stock)

= 10,000 shares

Total earnings = $200,000

Further provided that dividend to preference shareholders is paid.

Dividend on preference capital is fixed, that is the rate multiply the par value, dividend is not paid on security premium amount.

Preference dividend = 5,000 \times $50 \times 6% = $15,000.

The information provided for share issue rates is of no importance of equity, whereas the relevant number provided is important.

Thus earnings after preference dividend = $200,000 - $15,000 = $285,000

Earnings per share = $285,000/10,000 = $28.5 per share.

6 0
3 years ago
Fruit preservation is he most important process for fruit grower. Give reason​
BlackZzzverrR [31]

Answer:

Fruits and vegetables are produced seasonally, but the market requires products throughout the year. For many decades, this problem of matching product availability with consumer demand was solved in two ways:

Selling fresh products during harvest and shortly thereafter

Processing the rest to meet demand during the rest of the year

Explanation:

4 0
3 years ago
Read 2 more answers
Why is it necessary to maintain a fixed asset register and what does it enable you to do? ​
Jobisdone [24]

Answer:

There is financial consequence to not maintaining an accurate asset register. Every business should know at any given time where their assets are and in what condition they are in. The tracking of assets can prevent theft and loss and the maintenance of assets can extend the life of the asset. There are major tax benefits to any business tracking their assets correctly. In most cases it is a statutory requirement to have an asset register.

Explanation:

8 0
3 years ago
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