Answer:
A company may issue shares at a discount i.e at a value below its par value. The following conditions must be satisfied in connection with the issue of shares at a discount :
The shares must be of a class already issued
Issue of the shares at discount must be authorised by resolution passed in the general meeting of company and sanctioned by the company law board.
The resolution must also specify the maximum rate of discount at which the shares are to be issued
Not less than one year has elapsed from the date on which the company was entitled to commence the business.
The shares to be issued at discount must issued within 2 months after the date on which issue is sanctioned by the company law board or within extended as may be allowed by the Company Law Board.
The discount must not exceed 10 percent unless the Company Law Board is of the opinion that the higher percentage of discount may be allowed in special circumstances of case.
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Answer:
<em>James did not like the fact that he had no input in his productivity goal. Because of this, his </em><em><u>Goal acceptance</u></em><em> was low and he did not take it as seriously as if he had set the same goal himself. </em>
Goal acceptance refers to the willingness of an individual to receive or consent internally to a certain goal. It is usually higher when the individual is contributes to the setting of the goal and it is low here as James did not have any input into it.
<em>Carol always tries extremely hard to reach her performance goal. She takes it personally when she falls short, which rarely happens because she is so dedicated to reaching it. Carol's </em><em><u>Goal commitment</u></em><em> is high.</em>
Goal commitment refers to how much dedication and effort a person puts into meeting an objective. Carol puts a lot of effort into achieving her goals so her Goal commitment is high.
<em>After organizational and subsidiary goals are set, each manager meets with each subordinate to explain the unit goals to the subordinate. Together the two determine how the subordinate can contribute to the unit's goals most effectively. This is called </em><u><em>Management by objectives.</em></u>
Management by Objectives is a type of management that works by making sure that employees understand the goals that management set. It works by management and employees working together to find out how best employees can meet the goals set.
Answer:
Salary in year 2 = $54,379.31
Explanation:
<em>The Consumer price index is the weighted average of the cost of basket of good of goods and services consumed by a typical consumer in an economy. It is used to measure the rate of inflation rate.</em>
A rise in the price index implies inflation
Inflation is the increase in the general price level. Inflation erodes the value of money.
So we can determine the salary in the year 2 as follows:
2006 Salary in the base year terms=
CPI in the current year 2/CPI base year 1 × salary in the current year
190/174× 49,800 = 54,379.31
Salary in year 2 = $54,379.31
Preparation of statement of owner's equity for Hawkin for the month ended December 31.
<h3>What is owner's equity?</h3>
Owner's equity is the amount of money that would be returned to a company's shareholders if all of the assets were liquidated and all of the company's debt was paid off in the case of liquidation.
Owner's Equity = Assets – Liabilities
Assets
Cash $ 8,300
Accounts Receivable 1,100
Supplies $2,800
Equipment 15,100
Total Assets $27,300
Liabilities
Accounts Payable 7,600
Withdrawals 2,100
Total liabilities ($9,700)
Owner's equity $17,600
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