Answer:
See below
Explanation:
a. At the end of the year, before distribution, each shareholder's basis
= $400,000 + $100,000 + $50,000
= $550,000
b. After the distribution, each shareholder's basis is
= $300,000 + $200,000
= $500,000
c. Therefore, each shareholder has
$250,000 worth of dividend income.
Answer:
a. People are hard-wired to feel emotions about a situation before they reason it out.
Explanation:
Emotional hijacking occurs when our brain's emotional processor (amygdala) bypasses our normal reasoning process.
This occurrence in terms of an emergency is a self-defence mechanism when it is necessary to act in the face of perceived danger.
Emotional hijacking occurs when there is a compulsive need to complete and action. For example answering an email, answering the phone.
It is possible to control emotional hijacking through emtional intelligence.
Answer and Explanation:
The journal entries are shown below
On Sept 1
Supplies Dr $1,020
To Cash $1,020
(being supplies purchased in cash)
On Sept 5
Dividend Dr $410
To cash $410
(being cash dividend is paid)
On Sept 7
cash Dr 5,500
To Unearned service revenue $5,500
(being cash collection is recorded)
On Sept 16
Cash Dr $770
To Account receivable $770
(being cash collection is recorded)
On Sept 22
Equipment Dr $3,000
To cash $1,100
To Note payable $1,900
(being equipment purchased is recorded)
Integrity is more important as this identifies an individuals qualities and principles of being honest, fairness and having strong morals to carry out a task ethically
With integrity comes trustworthiness of an individual as they will always do the right thing if they have integrity as a principle in life
Answer:
If linen department is dropped operating income of the company will decrease.
Explanation:
That is because the cotrollable margin of the department is positive:
controllable margin = contribution margin - controllable fixed costs
$605,000-($800,000-380,000) = 185,000
That means that the Linen department helps to reduced fixed cost that are not generated by this department and that will keep existing wether the department is closed or not.
In addittion the Hardware department will loose 19% of its sales if the Linen department is closed. Thus will result in a reduction of the cntribution margin of the hardware deparment too.
