Answer:
The company paid in dividends the same amount of the Net Income of the Year 2018
Explanation:
If the company keeps the retained gains at zero balance it means that each dollar the company gains during the year it's paid in dividends.
During the year the company gain money from its operations, the total Profit or Losses are reflected in the Financial Statements, if the company gains money and the Retained Earnings are zero, it means each dollar is paid in dividens, the amount available to paid is the Net Income of the Income Statement.
Maritime industry is said to be rigid, they take few risks, they have structured contracts so the type of culture here would be the hierarchy culture.
There are 4 types of business culture. These are the:
- Clan culture
- Adhocracy culture
- Market culture
- The hierarchy culture.
The answer here is concerned with the hierarchy culture because this system is traditionally structured. What this means is that they are rigid and have a set way of doing things.
This is what makes them risk averse. It creates room for very little creativity and and they are very slow to making improvements or following changes in the marketplace.
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Answer:
The answer is: D) Sustainability
Explanation:
Organizational sustainability is the survival of an organization, which not only depends on financial sustainability but also on complex and dynamic dimensions like workforce growth, delivering value to customers, etc.
It is one of the most important results in applying the Baldrige Model for Business Excellence, which is a system launched by the US government.
The correct answer is "bona fide occupational qualification." This term signifies a characteristic of a potential employee that an employer is permitted to consider when hiring (like age, in this example). In other contexts, this would be seen as discrimination, and would thus be illegal. There must be a reason behind bona fide occupational qualification, as described in this example.
Answer: C. $150,000 credit
Explanation:
In the financial statements for year 2, it should be noted that the year 1 retained earnings balance, should be adjusted by $150,000 credit.
The corrections of errors should be treated as the period adjustments before. In this case, the $150,000 overstatement for the cost of goods that was sold in the previous year, will then be credited to the beginning balance of the retained earnings.
Therefore, the correct option is C.