Answer:
According to Hersey and Blanchard, readiness refers to "the extent to which a follower has the ability and willingness to accomplish a specific task" (1988, p. 174). The two dimensions composing employee readiness are willingness and ability related to a specific task.
Answer:
Net Cash=$390,000
Explanation:
Net Cash provided by financing activities = Increase in bond payable + Issuance of common stock - Payment of cash dividends
Net Cash= $300,000+$180,000-$90,000
Net Cash=$390,000
Net cash also refers to the amount of cash remaining after a transaction has been completed and all associated charges and deductions have been subtracted
We are given
fixed cost, F = $6,660,000
sales mix:
65% sporting goods
35% sports gear
margin ratio:
30% sporting goods
50% sports gear
Now, we solve for the break even point in dollars. We use the formula
x = total fixed cost / [ price - total variable cost/price ]
Using the given values
x = 6660000 / [0.65(0.3)(6660000) + .35(0.5)(660000)]/ [(0.3)(6660000) + (0.5)(660000)]
x = $14,400,000
The breakeven point is $14,400,000
This is the sales when the revenue is just equal to the total cost of producing the products resulting to zero profit.
