Devon forgets to pay his credit card bill for three months. Which of the following statements is TRUE?

Dave Ryan is the CEO of Ryan's Arcade. At the end of its accounting period, December 31, Ryan's Arcade has assets of $632,000 an

o-na [289]

Answer:

a) Stockholders' equity = $411,690

b) Stockholders' equity = $477,930

Explanation:

Accounting equation is defined as Assets = Liabilities + Equity.

a) If t the end of its accounting period, December 31, Ryan's Arcade has assets of $632,000 and liabilities of $220,310, the Stockholders' equity as of December 31 of the current year would be determined as follows:

$632,000 = $220,310 + Equity

Stockholders' equity = $632,000 - $220,310

Stockholders' equity = $411,690

b) If assets increased by $84,040 and liabilities increased by $17,800 during the next year, then Stockholders' equity would be determined as follows:

$632,000 + $84,040 = $220,310 + $17,800 + Equity

$716,040 = $238,110 + Equity

Stockholders' equity = $477,930

8 0

3 years ago

When firms are said to be price takers, it implies that if a firm raises its price: a. buyers will go elsewhere. b. buyers will

MatroZZZ [7]

Answer:

The correct answer is a. buyers will go elsewhere.

Explanation:

This situation occurs when there is competition, that is, other businesses that offer the same or similar products as those of a particular company. In this scenario, the potential buyer will notice the difference according to their previous experiences and will find a way to acquire products from another brand that offer the same satisfaction as the product that rose in price. You must be very cautious with this practice, since it can end up damaging the operation, and in the worst case, leading to bankruptcy.

3 0

3 years ago

As a manager your organization is constantly confronted with a variety of changes in the market or a wide range of situations. Y

boyakko [2]

Answer:

C. Michael

Explanation:

The least preferred coworker scale is a method used to determine the leadership style of individuals. It was developed by Fred Fiedler and American scholar.

When a person gives positive feedback on coworkers they are more relationship oriented and get a high LPC score.

For those that give negative feedback on coworkers, they are task oriented and will get low LPC scores.

Relationship oriented style is used when employees are experienced and know what to do, while task oriented leadership is needed when the team is less experienced or results need to be delivered in a short time.

The organization is constantly confronted with a variety of changes in the market or a wide range of situations. So this requires a mix of both relationship and task oriented leadership to adapt to changing organisational needs.

Michael is the best option with middle LPC score.

7 0

3 years ago

The Central Limit Theorem: states that the average range can be used as a proxy for the standard deviation. states that the aver

pickupchik [31]

The correct answer is - allows managers to use the normal distribution as the basis for building some control charts.

<u>Explanation:</u>

It is the theorem that allows inference from a random sample. It says that:

• The sample mean will likely be towards the population mean within a margin of error

• The margin of error is a multiple of the standard error, which is the standard deviation divided by the square root of the sample size. The multiple is determined by the degree of statistical confidence you’re looking for, and the normal deviate corresponding to that — 1.65 for 90% confidence, 1.96 for 95% confidence, etc.

4 0

3 years ago

Pier is trying to determine which leadership style to use in making a decision that may have a major impact on his company. He’s

oksian1 [2.3K]

Answer:

The answer is: Normative leadership model

Explanation:

The normative leadership model requires Pier to analyze the following seven situations:

How will my decision will affect the organization?
Is it important that team members are committed to the decision making process.?
As a leader, do I possess the knowledge to solve try to solve this issue?
If only I are responsible for making the decision, will the rest of the team be committed to it?
My team members support me and the organization?
The team members possess the knowledge to try to solve this issue?
Can team members unite and really work as a team to solve this issue?

Depending on what Pier believes the correct answers are for the above questions, he can decide to use one of the following decision making processes:

Decide: Pier makes the decision by himself with little or no participation of the team members.
Consult (Individually): Pier consults the team members individually, deciding what information to use, and then makes a decision by himself.
Consult (Group): Pier organizes a group meeting where all members express their opinions, then decides what information is useful and makes the decision by himself.
Facilitate: Pier organizes a group meeting and presents his opinion and every group member participates. The decision is made by group consensus.
Delegate: Pier leaves the decision making process entirely to the group members and doesn't participate in it.

6 0

3 years ago