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3 years ago

Which of the following is false about investing with borrowed money? (5 points)

1 answer:

7 0

It is the best way to ensure you have retirement funds.

Retirement funds are generally a conservative investment and investing with borrowed money is seen as a risky activity because it requires payment, regardless of whether you earn additional money through investing or not. Because no investment is a sure deal, the investment process carries risk and the loan requires certain outflows in payments. Therefore, it is not often prudent to use this technique when investing for retirement.

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how might an interactive leader like mary barra communicate a policy change that impacts all gm employees from executive-level m

CaHeK987 [17]

A dynamic leader must establish task teams at various organizational levels to communicate the advantages of a policy change, organize a series of town hall meetings to discuss the change and hear employee concerns, and hold informal meetings with senior managers, department heads, and staff members.

<h3>What is a policy?</h3>

A purposeful set of rules designed to direct behavior and produce logical results is called a policy. A policy is a declaration of intent that is carried out through a method or protocol. Typically, a governance board inside a company adopts policies. Both subjective and objective decision-making can benefit from policies. Policies used in subjective decision-making typically help senior management with choices that must be based on the relative merits of a variety of variables and, as a result, are frequently challenging to assess objectively, such as work-life balance policies. In addition, governments and other institutions have policies in the form of laws, rules, guidelines, administrative procedures, rewards, and voluntary practises. Resources are frequently distributed in accordance with policy choices. A policy is a guideline for recurring or routine organizational actions.

To learn more about policy, visit:

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7 0

1 year ago

American employees of Ujima Corp. learned that they should avoid using their left hand when giving a gift or handing out money w

Iteru [2.4K]

Answer:

The employess of the company would have discovered this cultural difference during a documentary training session.

Explanation:

In Cross-cultural training, there is commonly a documentary session after the field experience. In this documentary session, instruction material related to the cultural background is given to learners and foster their field experience. Cultural differences are understood in a documentary session when the learners compare their previous knowledge and experience about the new culture as also comparing with their culture.

8 0

3 years ago

This year, Barney and Betty sold their home (sales price $750,000; cost $200,000). All closing costs were paid by the buyer. Bar

lutik1710 [3]

Answer:

a. 550,000

Explanation:

The gain on the asset is calculated by the sales proceeds minus the original cost of the asset.

In this question the home' initial cost is $200,000 and it is sold on $750,000. In absence of any unusual or hardship circumstances, the direct gains is $550,000 ( $750,000 - $200,000) as all the closing costs are paid by the buyer, so, Barney ans Betty should include the whole gain of $550,000 in the gross income.

4 0

3 years ago

Read 2 more answers

Jerry Rice and Grain Stores has $4,430,000 in yearly sales. The firm earns 2 percent on each dollar of sales and turns over its

olganol [36]

Answer:

a. 5.37%

b. 5.08%

Explanation:

Firstly, we need to calculate net profit before return on stockholder's equity

Sales. $4,430,000

Net income % on sales 2%

Net income. $88,600

We will also calculate total stockholder's equity

Sales. $4,430,000

Asset turnover ratio. 4.5

Total assets. $984,444

Less: current liab. ($167,000)

Less: long term liab. ($342,000)

Total stockholder's. $475,444

equity

a. Return on stockholder's equity

= Total stockholder's equity ÷ Net income

= $475,444 ÷ $88,600

= 5.37%

b. New return on stockholder's equity

Total assets $984,444

× Asset turnover ratio. 4.75

New total sales. $4,676,109

Net income % sales. 2%

Net income $93,522

Recall that total stockholder's equity = $475,444

Net income = $93,522

Therefore, New return on stockholder's

equity = Total stockholder's equity / Net income

= $475,444 ÷ $93,522

= 5.08%

3 0

3 years ago

Assume that on September 1, Office Depot had an inventory that included a variety of calculators. The company uses a perpetual i

White raven [17]

Answer and Explanation:

The journal entries are shown below:

1. Merchandise Inventory $1,620

To Accounts Payable $1,620

(Being the calculators purchased on account)

2. Merchandise Inventory $50

To Cash $50

(Being freight expenses paid for cash)

3. Accounts Payable $38

To Merchandise Inventory $38

(being the returned inventory is recorded)

4. Accounts Receivable $690

To Sales Revenues $690

(Being the sales is recorded)

Cost of Goods Sold $520

To Merchandise Inventory $520

(Being the cost is recorded)

5. Sales returns $45

To Accounts Receivable $45

(being the sales return is recorded)

Merchandise Inventory $34

To Cost of Goods Sold $34

(Being the cost of returned is recorded)

6. Accounts Receivable $760

To Sales Revenues $760

(being the sale is recorded)

Cost of Goods Sold $570

To Merchandise Inventory $570

(Being the cost is recorded)

4 0

3 years ago