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Yanka [14]
3 years ago
6

Suppose you are the CEO of a start-up toy manufacturer. You know that if your business is to be successful, you have to create a

t least 10 wildly different toys in the next three years. Which of the following toy designers should you hire
a. Leslie, who is independent and self-confident. She doesn’t need people to tell her what to do.

b. Malcolm, who loves to play. His last boss says that Malcolm was the "chief kid" in his last office.

c. Frankie, who has been in the toy business for 10 years and who knows what he’s doing, but who always likes testing a new idea.

d. Marie, a stable, committed worker who was with her last company for 15 years. She will do work the way you say it should be done.
Business
1 answer:
Sauron [17]3 years ago
6 0

Answer:

a. Leslie, who is independent and self-confident. She doesn’t need people to tell her what to do.

b. Malcolm, who loves to play. His last boss says that Malcolm was the "chief kid" in his last office.

c. Frankie, who has been in the toy business for 10 years and who knows what he’s doing, but who always likes testing a new idea.

Explanation:

In this scenario the CEO of a start-up toy manufacturer wants to create at least 10 wildly different toys in the next three years.

He will primarily need people that are creative and are inclined to work with new ideas.

The wrong choice will be someone who follows the rules and is stable. Such a staff will not contribute new ideas that will move the company to make profits.

Leslie is confident and does not need to be told what to do, so she will take initiative to do new things.

Malcolm loves to play and this will boost creative ideas.

Frankie likes testing new ideas and will be comfortable working creatively.

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Delta Company purchased a delivery truck for a total cost of $15,000. Delta paid $2,000 in cash and signed a note payable for th
kupik [55]

Answer:

increase assets by $13,000, increase liabilities by $13,000 and have no effect on equity.

Explanation:

Given that

The total cost of purchase of delivery truck = $15,000

Cash paid = $2,000

The accounting equation equals to

Total assets = Total liabilities + owners equity

The remaining amount left would be equal to

= $15,000 - $2,000

= $13,000

So it would increase the assets for $13,000 as the delivery truck is purchased plus there is also an increase in liabilities for $13,000 as it signed a note payable and there is no effect on equity

8 0
3 years ago
As a response to a rapidly changing marketplace, idea electronics found it necessary to reorganize, including a significant down
Arte-miy333 [17]
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4 0
3 years ago
Believing that you can accomplish something is an example of which stress reducing asset? A) boundaries. B) empowerment. C) posi
Eduardwww [97]

I will choose letter c. positive values.  When you believe that you can do something that you feel positive about yourself and you are capable of doing it.  When you believe it can happen then you feel good about yourself and it greatly relieves stress.

3 0
3 years ago
Read 2 more answers
Slaughter Industries just signed a sales contract with a new customer. What is this contract worth as of the end of year 4 if th
igor_vitrenko [27]

Answer:

$489,512.15

Explanation:

The formula for calculating future value:

FV = P (1 + r)^n

FV = Future value  

P = Present value  

R = interest rate  

N = number of years

We are supposed to determine the present value

Present value is the sum of discounted cash flows

Present value can be calculated using a financial calculator

Cash flow in year 1 = 84,000

Cash flow in year 2 = 113,000

Cash flow in year 3 = 125,000

Cash flow in year 4 = 130,000

I = 6%

PV =  387,739.47

387,739.47(1.06)^4 = $489,512.15

To find the PV using a financial calculator:

1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.

2. after inputting all the cash flows, press the NPV button, input the value for I, press enter and the arrow facing a downward direction.  

3. Press compute  

8 0
3 years ago
Hibiscus Corporation began operations on January 1, Year 1. On December 15, Year 1, the company received a payment in the amount
mars1129 [50]

Answer:

$12,000

Explanation:

The main difference between cash basis accounting and accrual accounting is that accrual accounting recognizes revenue only after the earning process is completed. On the other hand, cash basis accounting recognizes revenue and expenses when the money is received or paid, regardless of when the service is provided. This is why the US GAAP doesn't allow cash basis accounting.

The IRS allows cash basis accounting for individuals and small businesses that only deal with cash payments, but they must meet certain criteria:

  • partnerships or C corporations with less than $5 million in yearly revenue
  • sole proprietorships and S corporations with less than $1 million in yearly revenues
  • family owned farms
  • you provide personal services and 95% of your revenue comes from it
  • no publicly traded corporation is allowed

4 0
3 years ago
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