Suppose that a lottery winner deposits $12 million in cash into her transactions account at the bank of america (b of

When there is a challenge, Luis is up for it. Deadlines and complex tasks that would send others running are enjoyable to Luis,

frez [133]

Answer: internal locus of control

Explanation: There is a phenomenon known as the locus of control throughout the psychological literature that is new for most people, although it is universally understood once it is described.

Locus of influence is the system of beliefs of a person about the reasons of his or her experiences and the reasons that the participant contributes to final outcome.

Typically, this definition is separated into two categories: internal and external. If an individual has an internal control locus, that person will assign success to their own contributions and capabilities.

6 0

3 years ago

Pat Jones is a college student who is planning some networking opportunities for the current l semester. Pat wanted to look

DaniilM [7]

Answer:

1. I feel like Pat's new strategy isn't ethical. Pat doesn't pay for the suits; he just buys them and then returns them. Pat benefits, but the store he gets the suits from doesn't. In fact, they are harmed from this transaction because they are unable to have the suit for others to buy while Pat has it. There could be consequences with this strategy. For example, the suit might be damaged, and Pat won't be able to return it. Another problem is that others might find out about Pat's strategy, and they might view them as unprofessional. This is a problem for Pat since the reason Pat wore those suits was to look professional.

2. The stores are harmed from this transaction. They are unable to sell the suits to other buyers. The stores lose potential customers, so the stores lose potential money.

3. The companies should record that Pat had bought the suit only to return it the next day, so that they can act accordingly when Pat or someone else comes back to "buy" a suit.

Explanation:

7 0

3 years ago

One of the benefits of contracting with celebrities to endorse the company's brand of athletic

scZoUnD [109]

<span>One of the benefits of contracting with celebrities to endorse the company's brand of athletic product is: It attracts attention
A celebrity tend to has huge followers. By making that celebrity endorse our product, we will increase our brand recognition in the market and increases our customers.</span>

4 0

3 years ago

Shamrock Company had the following information available at the end of 2014.

mars1129 [50]

Answer and Explanation:

The preparation is presented below:

Shamrock Company

Statement of Cash Flows

For the Year Ended December 31, 2014

(Direct Method)

Cash flows from operating activities

Cash receipts:

Cash received from customers $1,153,660

Dividends received $2,500

Total cash receipts $1,156,160

Cash payments:

Cash paid to suppliers $762,690

Cash paid for operating expenses $225,230

Taxes paid $39,920

Interest paid $61,776

Total cash payments -$1,089,616

Net cash provided by operating activities $66,544

Cash flows from investing activities

Sale of short-term investments $14,080

Sale of land $55,590

Purchase of equipment -$124,570

Net cash used by investing activities -$54,900

Cash flows from financing activities

Proceeds from issuance of common stock $29,526

Principal payment on long-term debt -$9,580

Dividends paid -$23,890

Net cash used by financing activities -$3,944

Net increase in cash $7,700

Cash, January 1, 2014 $3,060

Cash, December 31, 2014 $10,760

Working notes

Sales Revenue $1,160,450

– Increase in Accounts Receivable $6,790

Cash received from customers $1,153,660

Cost of Goods Sold $748,980

+ Increase in Inventory $5,020

+ Decrease in Accounts Payable $8,690

Cash paid to suppliers $762,690

Operating Expenses $275,640

– Depreciation/Amortization Expense -$39,330

– Decrease in Prepaid Rent -$110,80

+ Increase in Prepaid Insurance $1,640

+ Increase in Office Supplies $520

– Increase in Wages Payable -$2,160

Cash paid for Operating Expenses $225,230

Income tax expense $40,350

Less:Increase in income taxes payable -$430

Taxes paid $39,920

Interest Expense $52,270

+ Decrease in Bond Premium $9,506

Interest paid $61,776

Reconciliation of Net Income to Net Cash Provided by Operating Activities:

Net income $58,420

Adjustments made to reconcile net income to net cash provided by operating activities:

Add: Depreciation expense $39,330

Add: Decrease in prepaid rent $110,80

Add: Increase in income taxes payable $430

Add: Increase in wages payable $2,160

Less: Increase in accounts receivable -$6,790

Less: Increase in inventory -$5,020

Less: Increase in prepaid insurance -$1,640

Less: Increase in office supplies -$520

Less: Decrease in accounts payable -$8,690

Less: Gain on sale of land -$8,320

Less: Gain on sale of short-term investments -$4,390

Less: Amortization of bond premium -$9,506

Total adjustments $8,124

Net cash provided by operating activities $66,544

8 0

3 years ago

Catamount Company had current and accumulated E&P of $500,000 at December 31, 20X3. On December 31, the company made a distr

lapo4ka [179]

Answer:

D. No loss recognized and a reduction in E&P of $200,000

Explanation:

Given that:

Current and accumulated E&P : $500,000
A distribution of land to its sole shareholder: $200,000
E&P basis to Catamount : $250,000

From that, we can see that the current and accumulated E&P is greater than its distribution of land so no loss would be reported so there will be reduction in earning and profits of the company of $200,000.

Hope it will find you well.

5 0

3 years ago