Complete question reads;
Which of the following is not a reason Best Buy has had a hard time competing with Amazon? Multiple Choice
a. Best Buy decided to bring in Hubert Joly as CEO to replace Brian Dunn.
b. Amazon has many strategically located distribution centers across the United States.
c. Best Buy had significant expenses that did not help improve sales.
d. Amazon has a deep supply of products to draw from.
e. Best Buy has faced some key leadership challenges.
Answer:
a
Explanation:
Noteworthy is the fact that Hubert Joly's arrival into Best Buy was indeed a blessing to the company because within a year after he came in 2012, the company's stock value more than doubled in 2013.
He further improved the company's customer interactions, plus greater price competitiveness during his leadership.
Answer:
Dividend paid = $0.64 x 158,000 = $101,120. The dividend paid reduces retained earnings by $101,120.
The correct answer is C
Explanation:
Dividend is paid out of profit after tax. This reduces the retained earnings of the company since dividend involves outflow of cash.
Answer:
b. $7,200,000
Explanation:
Common stock of $5,400,000
Retained earnings of $2,000,000
Unrealized losses on available-for-sale securities (<u>$200,000) </u>
Stockholders' Equity $7,200,000
Unrealized gains on trading securities of $100,000 is not being added to the stockholders equity because it has been charges in profit and Loss statement and it is reflected in the net Income which is already been included in retained earning. Only Unrealized losses on available-for-sale securities of 200,000 is reported in the Stockholder's equity under separate head in the balance sheet.
Answer:
The correct answer is B
Explanation:
Aggregate demand curve states the number of demands for the goods and services at different price levels. The demand curve which is downward states that with the dropping or decrease in the price level of a commodity, leads to increase in demand.
There are 3 reasons for the aggregate demand curve is downward sloping. and the reasons are interest-rate effect,net exports effect and wealth effect.
The business manager has the only key to the check-signing equipment. Restrict access.
The purchasing manager orders all goods and services for the business. Establish responsibility.
A bank reconciliation is prepared monthly. Document procedures.
Prenumbered checks are used for all payments. Independently verify.
The company asks suppliers to deliver their merchandise to the warehouse but mail their invoices to the accounting department. Segregate duties.
<u>Explanation:</u>
Great internal controls are basic to guaranteeing the achievement of objectives and targets. They give solid money related answering to the executives choices. Great inward controls help guarantee proficient and powerful activities that achieve the objectives of the unit and still ensure representatives and resources.
The seven internal control procedures are separation of duties, access controls, physical audits, standardized documentation, trial balances, periodic reconciliations, and approval authority.
