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matrenka [14]
3 years ago
11

Rory has been an underwriting assistant at a large insurance company for the past few years. He is an extremely hard worker and

goes above and beyond. He puts in long hours to ensure the accounts are current and ready for the underwriters. Noting his efforts, the company offers him a 15% pay raise along with a small bonus. Three months later, Rory submits his resignation letter and soon joins a startup organization as a senior underwriter. Which of the following best explains this situation?
A. Rory felt the pay raise was undeserved.
B. Rory found his work to be repetitive and boring.
C. Rory was motivated by the prospect of extrinsic rewards.
D. Rory was after a position with the competitor all along.
E. Rory, though highly skilled, lacked motivation
Business
1 answer:
TEA [102]3 years ago
3 0

Answer:

B. Rory found his work to be repetitive and boring.

Explanation:

In this scenario, Rory is described as an individual who strives to be the best at what he does which is why he works so hard. The pay raise that they offered him at his current job was a good pay raise and it included a small bonus. Therefore, Rory did not care about the money. Instead, he most likely found the work to be repetitive and boring and probably wanted something new and interesting. Joining a startup and working on a new and innovative project where he can add real value to the team is most likely what Rory really wanted.

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During its first year of operations, Mario Lupo formed Lupo Company as a corporation and personally invested $15,000 in the busi
prohojiy [21]

Answer:

c. $25,000

Explanation:

Calculation to determine At the end of the year, the company's equity totaled:

First step is to calculate the Net income using this formula

Net income= Revenues- Expense

Let plug in the formula

Net income= 35000-23000

Net income=12000

Second step is to calculate Net income added to capital using this formula

Net income added to capital = Net income-Cash dividend

Let plug in the formula

Net income added to capital=12000-2000

Net income added to capital=10000

Now let determine the Ending company total equity using this formula

Ending company total equity= Opening invested capital + Net income added to capital

Let plug in the formula

Ending company total equity=15000+10000

Ending company total equity=$25000

Therefore At the end of the year, the company's equity totaled:$25,000

4 0
3 years ago
For which of the following types of economies would the factors of production depend on the relative distribution of market forc
hram777 [196]

Answer:

<u>Mixed economy</u>

Explanation:

Note that the command forces here represents socialism implying Governmental control  of land resources, labor, capital  and control of some industries.

The factors of production (land, labour, capital) in a mixed economy would indeed depend on the relative distribution of market forces versus command forces.

3 0
4 years ago
The remaining balance on an amortized loan is paid down evenly over the life of the loan. For example, if you borrow $20,000 tod
dolphi86 [110]

Answer:

O True

Explanation:

Amortization is the gradual reduction in a value or balance of anything over a specified period. Evenly over life amortization of loan is the distribution of outstanding amount over remaining life / period. in this example $20,000 is amortized over 60 months which is 20,000 / 60 = $333.33 per month. So the statement is True.

6 0
4 years ago
Taylor Bank lends Guarantee Company $150,000 on January 1. Guarantee Company signs a $150,000, 8%, 9-month note. The entry made
Reptile [31]

Answer:

B. Cash 150,000 Notes Payable 150,000

Explanation:

Sr                           Account                      Dr                            Cr

Jan 1          Cash                               $ 120,000

                Notes  Payable                                                  $ 120,000

This entry would be made in the books of Guarantee Company. As the interest has not yet accrued so no entry regarding the interest expense or interest payable would be made.

Choice A is not correct because it accounts for interest expense which has not yet accrued from the cash received.

Choice C is also incorrect because the actual amount of cash received is $ 150,000.

Choice D is also incorrect because Cash is debited with an increase and liabilities increase with a credit and this is reverse.

Best Choice is B

5 0
3 years ago
Quinlan Enterprises stock trades for $52.50 per share. It is expected to pay a $2.50 dividend at year end (D1 = $2.50), and the
Vanyuwa [196]

Answer:

c. 7.67%

Explanation:

The formula to compute WACC is shown below:

= Weightage of debt × cost of debt × ( 1- tax rate) +  (Weightage of  common stock) × (cost of common stock)

where,  

Cost of common equity equals to

= (Current year dividend ÷ price per share) + growth rate

= ($2.50 ÷ $52.50) + 5.50%

= 4.76% + 5.50%

= 10.26%

The other things would remain the same

Now put these values to the above formula  

So, the value would equal to

= (0.45 × 7.5%) × ( 1 - 40%) +  (0.55 × 10.26%)

= 2.025% + 5.643%

= 7.67%

5 0
3 years ago
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