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AnnZ [28]
4 years ago
15

Acme Movers is a company that ships goods and cargo to all locations in the United States. The employees understand that the com

pany’s primary vision of timeliness, efficiency and low-cost services is important to maintain the competitive edge over other movers in the business. They constantly work to ensure that all deliveries reach their destinations on schedule, and the company, in turn, rewards the employees with performance-based awards and profit sharing. Which function of organizational culture is exemplified here?
Business
1 answer:
kompoz [17]4 years ago
8 0

Answer:

The function of the organization exemplified in the scenario of the question is: Shaping behavior by helping members make sense of their surroundings.

Explanation:

The principal vision of Acme movers encourages the culture of securing timely deliveries at low cost to destinations. Therefore, the employees are rewarded with performance-based awards and profit-sharing.

Culture helps to shape the behavior and attitudes of employees to achieve the objectives. Acme movers culture serves as a sense-making and control tool that guides and shapes the behavior of employees.

Thus, the function of the organization exemplified in the scenario of the question is: Shaping behavior by helping members make sense of their surroundings.

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When an individual qualifies for a lower premium or rate than standard risks, the insured is considered a?
Lana71 [14]

When an individual qualifies for a lower premium or rate than standard risks, the insured is considered a Preferred risk

What is an Insurance?

Insurance protection against loss is offered by insurance. It is a form of risk management that is mostly used to reduce the risk of a potential loss that is unknown or contingent. A business that provides insurance is known as an insurer, insurance firm, insurance carrier, or underwriter.

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5 0
2 years ago
Pat's taxable income exceeds $157,500 and thus he is required to phase out his QBI deduction. The phase-out calculation is: a.Th
lesya692 [45]

Answer:

correct option is (a) The lesser of 50% of business wages or 25% of wages plus 2.5% of the unadjusted basis of qualifying property

Explanation:

As we know that when a single taxable income of the single filer is exceed by $157,000 by the $50000 or more, then their QBI must not exceed

so

  1. 50% of the taxpayer's share of W-2 wages paid in respect of a qualified trade or occupation
  2. 25% of such salary and 2.5% on a volatile basis immediately after acquiring the tangible depreciation asset

Qualified Business Income (QBI) exemption refers to taxable income recognized by a partnership, S corporations, LLC or sole proprietorship. This is below the line deduction that does not deduct your AGI, but it does reduce the amount of taxes.

6 0
3 years ago
On January 1, 2016, Aspen Company acquired 80 percent of Birch Company's voting stock for $364,000. Birch reported a $320,000 bo
alexdok [17]

Answer:

A.$440,432

B.$354,400

C.$24,036

D.2017 Realized income - Birch $78,840

2018 Realized income- Birch $76,880

Explanation:

a) Calculation for December 31, 2017, balance in Aspen's Investment in Birch Company account

Consideration transferred by Aspen $364,000

Add Noncontrolling interest fair value $91,000

Birch’s business fair value $455,000

Less :Book value ($320,000)

Trade name $135,000

Life 30 years

Annual amortization $4,500

($135,000/30)

Consideration transferred for Cedar by Birch $108,000

Add Noncontrolling interest fair value $27,000

Cedar’s business fair value $135,000

Less Book value ($108,000)

Excess to trade name $27,000

Life 30 years

Annual amortization $900

(27,000/30)

Investment in Birch $364,000

Birch's reported income-2016 $44,500

($211,500 - $167,000)

Less Amortization expense $4,500

Accrual-based income $40,000

Aspen’s percentage ownership 80%

Equity accrual-2016 $32,000

(80%×$40,000)

Dividends received 2016 ($6,400)

($32,000-$40,000)

(-$8,000 x 80%)

Birch's reported income-2017 $71,000

($386,000 - $315,000)

Amortization expense -$4,500

Income from Cedar $15,040

[80% x (263,700 -244,000 - 900]

Accrual-based income $81,540

($71,000+$15,040-$4,500)

Aspen’s percentage ownership 80%

Equity accrual-2013 $65,232

(80%×$81,540)

Dividends received from Birch 2017 ($14,400)

($18,000 x 80%)

Investment in Birch Dec 31,2017 $440,432

($364,000+$32,000+$65,232-$6,400-$14,400)

b) Calculation for the consolidated net income for this business combination for 2018

Consolidated $1,754,800

LessConsolidated expenses ($1,395,000)

Less Total amortization expense ( a) ($5,400)

Consolidated net income for 2018 $354,400

c) Calculation for the net income attributable to the noncontrolling interest in 2018

Cedar’s NCI in consolidated net income

Revenues less expenses $30,000

($240,000 - $210,000)

Less Excess amortization ($900)

Accrual-based income $29,100

Noncontrolling interest percentage 20%

Cedar’s NCI in consolidated net income$5,820

(20%×$29,100)

Birch's NCI in consolidated Net income

Revenues less expenses $72,300

($622,300 - $550,000)

Less Excess amortization ($4,500)

Equity in Cedar income $23,280

[(30,000 – 900) × 80%]

Realized2014 income of Birch $91,080

($72,300+$23,280)

Noncontrolling interest percentage 20%

Birch’s NCI in consolidated net income $18,216 (80%×$91,080)

Total NCIshare of 2018 consolidated net income $24,036

($18,216+$5,820)

d) Calculation for the accrual-based net income of Birch in 2017 and 2018, respectively

2017 Realized income of Birch

prior to accounting for unrealized gross profit(a) $81,540

2016 Transfer-gross profit recognized in 2017 $13,500

Less 2017 Transfer-gross profit to be recognized in 2018 ($16,200)

2017 Realized income - Birch $78,840

2018 Realized income of Birch prior to accounting for unrealized gross profit(c) $91,080

2017 Transfer-gross profit recognized in 2018 16200

Less 2018 Transfer-gross profit to be recognized in 2019 ($30,400)

2018 Realized income-Birch $76,880

3 0
3 years ago
Firefly Inc. sold land for $225,000 cash. The land has been purchased five years earlier for $275,000. The loss on the sale was
mel-nik [20]

Answer:

Cash inflow of $225,000

Explanation:

Land is a non-current asset and the proceeds from sale of non-current assets form part of<em> investing activities</em>. Firefly Inc. has a cash inflow of $225,000 from the sale of land. So the cash received from sale of land will be added to cash flow from investing activities in the head: <em>Purchase or Sale of an Asset. </em>

5 0
3 years ago
Cecelia’s government provides for her basic needs. In return, Cecelia works in the factory downtown, as she always has since the
Sergeeva-Olga [200]
The correct option is B. In this type of economy the government has total control over allocation of all resources. <span />
8 0
3 years ago
Read 2 more answers
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