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Aleksandr [31]
2 years ago
8

Identify and discuss the skills that companies are looking for in managers.

Business
1 answer:
SVEN [57.7K]2 years ago
5 0

Answer:

The following are six essential management skills that any manager ought to possess for them to perform their duties:

Planning. Planning is a vital aspect within an organization. ...

Communication. Possessing great communication skills is crucial for a manager.

Decision-making. ...

Delegation. ...

Problem-solving. ...

Motivating.

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Is the sole shareholder of a corporation. for the past five years, has reported little or no taxable income as a result?
OleMash [197]

For the past five years, Logan has reported little to no taxable income because he paid Graham a salary of $500,000 a year.

Multiply that result by the number of shares held for each individual shareholder. Complete Appendix K, the form companies must submit to list the amount of income attributable to each shareholder for the tax year.

The gross S Corporation income (or loss) reported in Appendix E is included in the income from rentals, royalties, partnerships, S Corporations, trusts, etc. section of an individual's Form 1040.

S corporation tax rate refers to the federal, state, and local personal income taxes an S corporation must pay. S Corporation owners must pay state and local income taxes ranging from 0% to 13.3% and a maximum federal income tax of 39.6%.

Learn more about shareholder at

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5 0
2 years ago
Following are selected transactions for Vitalo Company. Nov. 1 Accepted a $6,000, 180-day, 8% note dated November 1 from Kelly W
umka21 [38]

Answer:

<u>As at April 30</u>

Dr. Account Receivable (120 days / 180 days x 6000 x 0.08) ..$320

Cr. Interest Income......................................................................................$320

Being accrued interest Income for current year to date on note receivable

Dr. Bank..............................................................................................$6,483

Cr. Accounts Receivable ($6000 note receivable + $163 + $320)...$6,483

Being settlement of note receivable with total accrued interest Income

Explanation:

Following are selected transactions for Vitalo Company.

Nov. 1 Accepted a $6,000, 180-day, 8% note dated November 1 from Kelly White in granting a time extension on her past-due account receivable.

<u>As at November 1</u>

Account receivable = $6,000 and Note Receivable = $6000

Dec. 31 Adjusted the year-end accounts for the accrued interest earned on the White note.

<u>As at December 31</u>

Dr. Account Receivable (61 days /180 days x 6000 x 0.08) ..$163

Cr. Interest Income......................................................................................$163

Apr. 30 White honored her note when presented for payment; February has 28 days for the current year.

<u>As at April 30</u>

Dr. Account Receivable (120 days / 180 days x 6000 x 0.08) ..$320

Cr. Interest Income......................................................................................$320

Being accrued interest Income for current year to date on note receivable

Dr. Bank..............................................................................................$6,483

Cr. Accounts Receivable ($6000 note receivable + $163 + $320)...$6,483

Being settlement of note receivable with total accrued interest Income

4 0
3 years ago
Read 2 more answers
EBIT goes from $30M to $33M; Depreciation goes from $10M to $12M; and interest expense goes from $6 M to $8M.1. What is the perc
Alekssandra [29.7K]

Answer:None of the above= 10% and 33.33%

Explanation:

Coverage ratio EBIT/Interest expenses

Change in numerator =3/30*100

Change in denominator= 2/6*100

6 0
3 years ago
The company intends to classify these costs and expenses into the following categories: (a) direct materials, (b) direct labor,
postnew [5]

Answer:

Property taxes on the factory building - period costs.

Property taxes are period costs because it is a cost associated with a particular period of time (tax season), and because this cost cannot be capitalized in inventory, fixed assets, or prepaid expenses.

Production superintendents’ salaries - period costs.

The salaries of management workers such as superintendents are period costs because they are not direct labor.

Memory boards and chips used in assembling computers - direct materials.

The memory boards and chips are direct materials used to assemble the computers, therefore, they are a direct materials cost.

Depreciation on the factory equipment - period costs.

Depreciation is a period cost because it cannot capitalized in fixed assets, since it actually reduces the value of those.

Salaries for assembly-line quality control inspectors - period costs.

Inspectors and supervisors are part of lower-management, and as result, their salaries are also considered period costs.

Sales commissions paid to sell laptop computers - period costs.

A sale commission is a period cost because it is a selling expense. The comission is an incentive for sellers to perform better, by it is not in itself a part of the cost of goods sold.

Electrical components used in assembling computers - direct materials.

The electrical components are used to assemble the computers, therefore, they represent a direct materials cost.

Wages of workers assembling laptop computers - direct labor.

The workers are directly making the computers, without them, the computers could not be assembled. Therefore, their wages are a direct labor cost.

Soldering materials used on factory assembly lines - manufacturing overhead.

The assembly line is needed to make the goods, but it is not in itself a part of the good. Besides, the cost of running the assembly line does not depend directly on the number of goods produced. It varies relatively close to that number, but the relation is not exact, and linear. Therefore, these soldering materials are manufacturing overhead.

Salaries for the night security guards for the factory building - period costs.

Night security guards are an administrative cost. They are not necessarily needed to produce the goods, they are hired to protect the factory's security. And administrative costs are considered period costs.

7 0
3 years ago
Which process best describes how you might prepare to apply for a job?
Tatiana [17]













C You always want to prepare

7 0
3 years ago
Read 2 more answers
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