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2 years ago

If an executive or department head practices a laissez-faire approach to management, she is _____.

Business

2 answers:

lakkis [162]2 years ago

6 0

The correct answer is A. Leaving how the work gets done and by whom up to the staff

Explanation

Laissez-Faire is a French term to refer to a form of leadership in which the director of a job allows workers to make decisions on how to perform the work required to achieve greater efficiency. The director delegates the responsibility to the employee so that he decides on the work and the director only has to supervise without having to control the whole process. So, the correct answer is A. Leaving how the work gets done and by whom up to the staff

Ivanshal [37]2 years ago

4 0

A. leaving how the work gets done and by whom up to the staff

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Ben and Jerry were shareholders of Water Ice Inc., an S corp. On Jan. 1, 1998, Ben owned 40 shares and Jerry owned 60 shares. Be

expeople1 [14]

Answer: $15,060

Explanation:

From the question, we are informed that Ben and Jerry were shareholders of Water Ice Inc., an S corp. On Jan. 1, 1998, Ben owned 40 shares and Jerry owned 60 shares.

We are further told that Ben sold his shares to Joe for $10,000 on March 31, 1998 and that the corp. reported a $50,000 loss at the end of 1998. The loss that will be allocated to Joe will be:

= $50,000 × 40% × 9/12

= $50,000 × 0.4 × 0.75

= $15,000

The closest figure we have close to that is $15,060 which is option B

7 0

2 years ago

Which of the following is not a characteristic of intangible assets?(a)They lack physical existence.(b)They are not financial in

AysviL [449]

Answer: Option C

Explanation:

A. Assets with physical existence are called tangible assets.

B. There are several financial instruments that lacks physical substance but are not considered as intangible assets.

C. Intangible assets can be either long term or short term.

D. Only those intangible assets that have definite lives are amortized, others with indefinite life are not.

4 0

3 years ago

Palm Company gathered the following reconciling information in preparing its April bank reconciliation: Cash balance per books,

EleoNora [17]

Answer:

D. $4,960

Explanation:

Given cash balance = 4300

Receivable collection = 850

Bank charge = 20

NSF check = 170

Thus,

Adjusted bool balance = Cash balance + receivable collection- bank charge - NSF check

Therefore,

= 4300 + 850 - 20 - 170

= $4,960

So, adjusted cash balance = $4960

6 0

2 years ago

An employer reports a pension loss in Other comprehensive income when: Multiple Choice a change in an assumption causes the proj

Jlenok [28]

Answer:

The employer can experience pension loss if it found out that the retirees benefits paid out are more than expected.

Explanation:

Normally during salary payments, pension claims are paid to retirees as well, and can be automatically checked and processed as if the deficiency was very contrary.
However, if payments for retired claims are found to be higher than expected, we can say that the company has suffered a pension loss.
so The employer can experience pension loss if it found out that the retirees benefits paid out are more than expected.

8 0

2 years ago

You got asked to analyze a 5-year project for your firm. The project produces an annual revenue of $28,000, but requires an annu

irina [24]

Answer:

The interest rate is i = 53.82%

Explanation:

Initail cost = 18.000

Salvage value = 0

Life = 5 years

Annual revenue = 28000

Annual cost = 6000

Net revenue = 28000 - 6000 = 22000

Tax rate = 40%

Depreciation per year = (Purchase value - Salvage value ) / life = 18000 / 5 = 3600

Taxable income = Net cash flow - Depreciation = 22000 - 3600 = 18400

Tax = Tax rate * Taxable income = 0.4 * 18400 = 7360

ATCF = Taxable income - Tax + Depreciation = 18400 - 7360 + 3600 = 10960

Let IRR be i%, then,

-18000 + 10960 * (P/A, i%, 5) = 0

(P/A, i%, 5) = 18000 / 10960 = 1.642336

Using trail and error method

When i = 50% , value of (P/A, i%, 5) = 1.736626

When i = 51% , value of (P/A, i%, 5) = 1.711012

When i = 53% , value of (P/A, i%, 5) = 1.661749

When i = 54% , value of (P/A, i%, 5) = 1.638054

Using interpolation

i = 53% + (1.661749 - 1.642336) / (1.661749 - 1.638054) *(54% - 53%)

i = 53% + 0.819%

i = 53.82%

7 0

2 years ago