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o-na [289]
3 years ago
5

4. AirCar LLC, a producer of consumer electronics, had provided its employees an annual bonus. After a change in management, the

company has decided to replace bonuses with a stock option plan. Which of the following statements is true of AirCar LLC? a. It provided group incentives; now, it provides organizational incentives. b. It provided individual incentives; now, it provides group incentives. c. It provided individual incentives; now, it provides organizational incentives. d. It provided organizational incentives; now, it provides individual incentives.
Business
1 answer:
Ivan3 years ago
3 0

Answer:

Option C. It provided individual incentives; now it provides organizational incentives.

Explanation:

The reason is that incentives were previously assessed on the individual performance and now changing it to stock option reflects that if the whole of the organization will perform well then all of them will benefit from the increase in the value of the company shares which benefits employee, organization and the shareholders as well.

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A company switched from the cash basis to the accrual basis for recognizing warranty expense. The unrecorded liability for warra
Ostrovityanka [42]

Answer:

Report a prior period adjustment decreasing retained earnings by $1,040,000

Explanation:

Report a prior period adjustment decreasing retained earnings by $1,040,000

Dr Retained earnings $1,040,000

Dr Deferred tax liability $560,000

(35%×$1,600,000)

Cr Estimated warranty liability $1,600,000

Therefore As a result of this change, the firm would Report a prior period adjustment decreasing retained earnings by $1,040,000

6 0
3 years ago
Which tax is normally associated with an individual's death? excise tax consumption tax federal estate tax ad valorem tax?
photoshop1234 [79]

The tax associated with an individual's death is federal estate tax

3 0
3 years ago
A nongovernmental not-for-profit organization received the following donations of corporate stock during the year:Donation 1 Don
Anna71 [15]

Answer:

C. $14,000

Explanation:

Donated securities are initially recorded at the fair value on the date the gift is received. The securities will be reported at their market value at the end of the year i.e. the balance sheet date. Fair value at the year end will thus be the sum of the fair value of the two donations at the end of the year i.e $10,000 + $4,000 = $14,000.

4 0
3 years ago
Say that Alland can produce 32 units of food per person per year or 16 units of clothing per person per year, but Georgeland can
bixtya [17]

Answer:

Georgeland has an absolute but not a comparative advantage in producing clothing.

Explanation:

Absolute advantage is defined as the ability of a firm to produce higher amounts of a product as a result of use of the same resources with other competitors. It is usually bad a result of more efficient production process.

Comparative advantage is the ability of a firm to produce goods at a lower opportunity cost. Therefore they are able to sell at lower price compared to competitors.

Georgeland can produce 18 units of clothe per year while Alland can produce 16 units per year, so Georgeland has absolute advantage.

In producing clothes Georgeland has opportunity cost of 36 units of food which is higher than that of Alland which is 32 units of food. So Georgeland does not have comparative advantage in producing clothes.

3 0
3 years ago
Management is a process designed to achieve an organization's objectives by using its resources ____________ (accomplishing the
katrin [286]

Answer:

efficiently, effectively

Explanation:

Management can be regarded as coordination as well as administration of set and various tasks within an organization so that some set goals cn be achieved. Some of the administration activities to reach these goal could be putting up a strategy

as well as coordination of the efforts of employees as well as utilization of available resources.

It should be noted that Management is a process designed to achieve an organization's objectives by using its resources efficiently (accomplishing the objectives with a minimum of resources) and effectively

(having the intended result).

5 0
2 years ago
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