What percentage of businesses are using social media today?

An American office manager working in South Korea asks his subordinates to treat him as an equal. In South Korean culture there

Dennis_Churaev [7]

The office manager is experiencing a difference in hierarchical behavior

Explanation:

In South Korean culture there is a tradition of hierarchy. According to this tradition the bosses are treated as superior and the people working under him are treated as subordinates. According to the South Korean the subordinates should be given the order what they have to do. On the other hand the other countries have different rules, that is they do their work to live. In American culture they can behave in any way they want to be.

4 0

3 years ago

Fortune Enterprises is an all-equity firm that is considering issuing $13.5 million of perpetual debt. The interest rate is 10%.

Nuetrik [128]

Answer:

d. Debt holders get $0 mil. under the unlevered plan vs. 0.6075 mil. under the levered plan

Explanation:

interests paid to debt holders = $13,500,000 x 10% = $1,350,000

generally, interest revenue is taxed as ordinary revenue = corporate income tax rate (if debt holder is a business) or personal income tax (if debt holder is an individual).

under the first plan, debt holders get nothing because there is no outstanding debt since the company is an all equity firm.

under the second plan, if the personal tax rate on interest income is 55%, which is really high, the debt holders will earn $1,350,000 x (1 - 55%) = $607,500

8 0

3 years ago

Formulating Financial Statements from Raw Data

Tpy6a [65]

Solution:

General Mills, Inc., Income statement for year ended May 25, 2003

Particulars Millions $

Revenue $10,506

Less Cost of goods sold - 6,109

----------------

Gross profit 4,397

----------------

Less operating expenses - 3,480

-----------------

917

-----------------

Balance sheet May 25, 2003

Assets Million $ Liabilities Million $

Cash 703 Total Liabilities 13,752

Non cash 17,524 Stockholders' equity 4,475

Total assets 18,227 Total Liabilities & equity 18,227

Statement for cash flows for year ended May 25, 2003

Particulars Million $

Cash from operating activities 1,631

Cash from financing activities - 885

Cash from investing activities - 1,018

--------------

Net change in cash -272

----------------

Cash, beginning year 975

-----------------

703

A negative amount for cash from financing activities reflects the reduction of long term debt

Profit margin = ( Net income / Revenue ) * 100

= ( 917 / 10,506 ) * 100

= 8.72%

Asset turnover = Revenue / total assets

= 10,506 / 18, 227

= 0.57

Return on assets =( Net income / Total assets ) * 100

= ( 917 / 18, 227 ) *100

= 5.03%

Return of equity = ( Net income / Total shareholder equity )*100

= ( 917 / 4,475 ) *100

= 20.49%

4 0

3 years ago

Lisa's credit card balance this month is $969.16. Her APR (annual percentage rate) is 15.24 %. The minimum payment due is

8090 [49]

Answer:

It will take 50 months to complete the payment on his entire balance

Explanation:

We have to solve for n in an annuity:

$C \times \frac{1-(1+r)^{-time} }{rate} = PV\\$

C $20.00

time n

rate (0.1524 / 12 months per year) 0.00127

PV $969.1600

$20 \times \frac{1-(1+0.00127)^{-n} }{0.00127} = 969.16\\$

$(1+0.00127)^{-n}= 1-\frac{969.16\times0.00127}{20}$

$(1+0.00127)^{-n}= 0.93845834
$

Now, we use logarithmics properties to get the answer:

[tex]-n= \frac{log0.93845834}{log(1+0.00127)

n = 50.044991

8 0

3 years ago

Trinkle Co., Inc. made several purchases of long-term assets in Year 1. The details of each purchase are presented here.

Orlov [11]

Answer:

New Office Equipment $42,863

Basket Purchase Of Copier, Computer, Scanner $61,500

Land For New Warehouse $310,050

Explanation:

Calculation to determine the amount of cost to be capitalized in the asset accounts

NEW OFFICE EQUIPMENT

Amount of cost to be capitalised in the asset accounts = $41,900*0.98+$860+$510+$431

Amount of cost to be capitalised in the asset accounts =$41,062+$860+$510+$431

Amount of cost to be capitalised in the asset accounts =$42,863

BASKET PURCHASE OF COPIER, COMPUTER AND SCANNER

Amount of cost to be capitalised in the asset accounts = $22,755 + $6,765 + $31,980

Amount of cost to be capitalised in the asset accounts= $61,500

LAND FOR NEW WAREHOUSE with an old building torn down

Amount of cost to be capitalised in the asset accounts = $82,400 + $4,750 - $1,800 + $7,700 + $217,000

Amount of cost to be capitalised in the asset accounts = $310,050

Therefore The Amount of cost to be capitalised in the asset accounts are:

New Office Equipment $42,863

Basket Purchase Of Copier, Computer, Scanner $61,500

Land For New Warehouse $310,050

5 0

3 years ago