As a new Curtis hire, the first step in looking for a supplier is to explore priorities within your own company and find out which Curtis stakeholders, such as manufacturing and marketing, need a supplier.
Every organizational action comes from planning, there needs to be analysis, gathering of relevant information, evaluation of alternatives and therefore decision-making.
Therefore, the choice of a new supplier must be based on the company's needs, and the one that offers the best opportunity cost, the best price, service and quality must be chosen.
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The answer to this question is Response
Response is the action that taken by company after experiencing a certain stimulus from the situation in the market.
In this case, zecola response the action taken by its competitor in order to maintain it's positioning in the market
Answer: Higgins should report this litigation as a contingent liability.
Explanation: A liability that is contingent upon an event, that is, dependent on a future event that may or may not happen is called contingent liability. Potential law suits, pending investigations are some of the examples of contingent liability.
A contingent liability will only be recorded if there is likely probability that the event on which such liability depends will occur and the amount of liability could be reasonably estimated.
Answer: Please see below for answer
Explanation: To calculate dividends, we use the formulae
Dividend =(Number of shares issued -treasury stock held) x Dividend per share =
where number of shares issued = $18,000
treasury stock held = 6000 shares
Imputing the values in formulae becomes
($18,000 - $6000) x 0.80 = 12,000 x 0.80 = $9,600
Journal entry to record declaration of dividends of Capstone Inc.
Account Debit Credit
Dividend $9,600
Dividend payable $9,600
I would say this type of arrangement between the two largest airlines could be considered a type of cartel whereby most or a high % of the airline passenger market is controlled mostly by two airlines so they think they can raise prices unilaterally.
