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kotykmax [81]
3 years ago
7

Highbridge Community Life Center was a community hub and resource for the Bronx community that was founded in 1979 by two Cathol

ic nuns. Brother Ed Phalen served as the Executive Director of the center for more than two decades. When he started considering retirement, he wondered what would happen to the organization and its leadership after he left. In order to plan for his eventual departure, Brother Phalen and the board of directors began the process of to identify a replacement for him.
Business
1 answer:
atroni [7]3 years ago
3 0

The correct question is:

Highbridge Community Life Center was a community hub and resource for the Bronx community that was founded in 1979 by two Catholic nuns. Brother Ed Phalen served as the Executive Director of the center for more than two decades. When he started considering retirement, he wondered what would happen to the organization and its leadership after he left. In order to plan for his eventual departure, Brother Phalen and the board of directors began the process of _____________ to identify a replacement for him.

Answer:

Succession planning

Explanation:

Succession planning is the process by which new leaders in an organisation are identified and developed to adequately fill in the role of departing leaders.

This process is important as it prepares experienced staff to take up responsibility in cases of resignation, retirement, or death of a leader.

In the given instance Brother Ed Phalen served as the Executive Director of the center for more than two decades.

Considering his retirement he would need to get someone to take over leadership role from him.

So he and the the board of directors will need to begin a succession plan to identify his replacement

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I will go with choice b for answer
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4 years ago
Edelman Engines has $18 billion in total assets — of which cash and equivalents total $120 million. Its balance sheet shows $2.7
Levart [38]

Answer:

Market/Book Ratio = 1.92 times

EV/EBITDA = 13.65 times

Explanation:

As for the information provided,

EBITDA = $1.794 billion

The value of common equity in books = $7.2 billion

Outstanding shares = 300 million

Share price per share = $46

Therefore, market value of common equity = $46 \times 300 million

= $13.8 billion

Therefore, market/book ratio = $13.8 billion/$7.2 billion

= 1.9167 times

EV represents enterprise value which is the market value of equity + total debt - cash and cash equivalents

= $13.8 billion + $8.1 billion + $2.7 billion - 0.120 billion

= $24.48 billion

EV/EBITDA = $24.48 billion/$1.794 billion = 13.65 times

4 0
3 years ago
Park Corporation is planning to issue bonds with a face value of $750,000 and a coupon rate of 7.5 percent. The bonds mature in
nignag [31]

Answer:

Debit cash with $750,000; and credit Bond payable also with $750,000.

Explanation:

The journal entry will appear as follows:

<u>Date          Details                                          Dr ($)               Cr ($)        </u>

Jan. 1         Cash                                            750,000

                  Bond Payable                                                    750,000

<u>                  </u><em><u> To record the issuance of bond.   </u></em><u>                                         </u>

5 0
3 years ago
One reason some manufacturing companies began moving production to China in the early 2000s was due to lower wages that could be
harina [27]

Answer:

Comparative advantage

Explanation:

This concept of economics is comparative advantage that means one country has advantage of producing same product at lower cost than other. In this question China has comparative advantage over USA,

This may be due to different reasons.

1. Population of China is greater than USA, that is why employees are willing to work on low salaries in China as compared to salaries are offered in the US.

2. China is comparatively better in manufacturing industry as of with USA.

8 0
4 years ago
A business owner makes 50 items a day. He spends 8 hours in producing those items. If hired elsewhere he could have earned $10 a
iVinArrow [24]

Accounting profits for the month = $4,000.

<h3>What is production?</h3>
  • In order to create anything for consumption, several material and immaterial inputs are combined during the production process.
  • It is the process of producing output, a good or service that has value and enhances people's usefulness.
<h3>What are profits?</h3>
  • The difference between an economic entity's revenue from its outputs and the opportunity costs of its inputs is what is known as a profit.
  • It is equivalent to total income less total expenses, which includes both direct and indirect expenses.
<h3>Solution -</h3>

Production happens 7 days a week.

Let,s tale 28 days in a month (4 weeks in a month)

50 items are produced every day and each costs $10.

50 × 10 = $500 (Daily sale)

Monthly sale = 500 × 28 = $14,000 (Monthly revenue)

Cost of production per month = $10,000.

Profit = 14,000 - 10,000 = $4,000.

Therefore, accounting profits for the month = $4,000.

Know more about revenue here:

brainly.com/question/25623677

#SPJ4

6 0
2 years ago
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