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3 years ago

Growing a business often results in growing your

Business

1 answer:

inessss [21]3 years ago

8 0

Answer:

Product line. As a company grows, it is often important to increase the products you offer, or else your company will become stuck in a vicious cycle of stagnancy.

Explanation:

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Jerome is the hr manager for the xyz company. He has committed to monitoring more hr activities (such as time to hire and cost

bija089 [108]

There are five commonly known management functions: <u>planning, organizing, staffing, directing, and controlling. </u>

The management function that Jerome is engaging in when he’s monitoring time to hire and cost of hires is called controlling.

Controlling is defined as <em>ensuring that things are going well by measuring the rights metrics and comparing to expected performance, as well as taking corrective actions when necessary. </em>

5 0

3 years ago

Darcy Roofing is faced with a decision. The company relies very heavily on the use of its 60-foot extension lift for work on lar

marishachu [46]

Answer:

Darcy should replace the lift

Explanation:

Scenario 1: Darcy Roofing keeps the old lift

refurbishing costs ($31,000)

no other changes in revenues or costs*

net cash flow = ($31,000)

*The $67,200 spent repairing the lift the previous year are considered sunk costs because they cannot be recovered regardless of what decision the company makes.

Scenario 2: Darcy Roofing purchases a newer lift

cost of newer lift ($132,500)

salvage value of old lift $19,500

reduced costs per year x 6 years = $22,400 x 6 = $134,400

additional rental income x 6 years = $8,000 x 6 = $48,000

net cash flow = $69,400**

**Since we are not given any discount rate, we cannot discount the cash flows to determine the present value of the project. With a discount rate of 0, the NPV of purchasing the lift is much higher than the alternative of keeping the old lift.

3 0

3 years ago

Why is it important to understand that the amount cash paid for taxes is different than the amount of income tax expense?

GarryVolchara [31]

Answer: To know the amount of tax the business should pay from reported profit which is different from it's actual tax bill

Explanation:

Income tax expense could be described as what is calculated that the company owes in taxes according to accounting rules. They are reported on the income statement.

While Income tax payable is described as the actual amount the company owes in taxes based on the rules of tax code. They appear on the balance sheet of the company accounting documents until the bills are cleared off or paid.

The reason for understanding the difference is to know the amount of tax the business should pay from reported profit which is different from it's actual tax bill

6 0

3 years ago

Reddick Enterprises' stock currently sells for $35.50 per share. The dividend is projected to increase at a constant rate of 5.5

Shalnov [3]

Answer:

E. $41.69

Explanation:

We know,

Value of stock ( $P_{0}$ ) = $\frac{D_{1}}{k_{s} - g}$ [In case of constant growth model]

$D_{1}$ = Next year or expected dividend

$k_{s}$ = required rate of return

g = growth rate = 5.50%

However, as there is no information regarding expected dividend, we will use the alternative formula to calculate the stock's expected price 3 years from today.

$P_{3}$ = $P_{0}$ × $(1 + g)^{3}$