In the late 1930s management at Atalanta Industries agreed to hire only those workers who were already members of the Electrical Union. Atlanta agreed to a type of arrangement known as a(n)
Answer: closed shop
From the question, we are informed that in the late 1930s management at Atalanta Industries agreed to hire only those workers who were already members of the Electrical Union.
It should be noted that here, Atlanta agreed to a type of arrangement known as closed shop. This occurs when the workers have to belong to a particular union before they'll be employed. This was legal in 1930 but it was later declared illegal by Taft Hartley Act.
A stock with a beta of 0.8 has an expected rate of return of 12%. If the market return this year turns out to be 5 percentage points below expectations, what is your best guess as to the rate of return on the stock?
The correct answer is: The expected rate of return for the stock would be around 7%.
The Beta coefficient is a numeral measure that portraits the volatility of a stock compared to the overall market performance. If a stock's beta is closed to the numerical value one (1) it implies it is highly correlated to the price movement of the overall market.
In that case, if a stock's beta is 0.8 it implies it follows the market price movements. If the stock expected rate return is 12% but the market return turns out to be 5% points below expectations, it means the stock's return would end up being around 7%.
The rate of return on the stock would decrease proportionally to its beta value in response to the market return being lower than expected. Given the stock's beta of 0.8 and the market return falling 5 percentage points below expectations, the new estimated rate of return on the stock would be 8%.
The rate of return on a stock can be affected by changes in market conditions. If the market return this year is lower than expected, this could affect the return on the particular stock in question, which has a beta of 0.8. The beta value of a stock measures its sensitivity to market movements, with a value less than 1 indicating that the stock is less volatile than the market. Given the expected return of 12%, a market return 5 percentage points below expectations implies that the new expected return on the stock would decrease proportionally to its beta. This can be calculated as 12% - (0.8 * 5%) = 12% - 4% = 8%. Therefore, if the market return is 5 percentage points below expectations, your best guess for the rate of return on the stock would be 8%.
On-Time Delivery Company acquired an adjacent lot to construct a new warehouse, paying $90,000 in cash and giving a short-term note for $50,000. Legal fees paid were $1,750, delinquent taxes assumed were $25,000, and fees paid to remove an old building from the land were $9,000. Materials salvaged from the demolition of the building were sold for $1,000. A contractor was paid $415,000 to construct a new warehouse. Determine the cost of the land to be reported on the balance sheet.
The cost of land to be reported is $174,750
The cost of land reported in the Balance sheet does not only include the price paid to acquire the Land but also include any costs/revenue received in the processes, activities needed to bring the land to the stage in which it may be ready for usage.
Thus, besides the price paid which is $140,000 ( $90,000 cash and $50,000 short-term note), we have to add-up all the relevant costs including Legal fees, delinquent taxes, Removal of old building expenses and deduct the material salvaged gain from demolition of old building. The construction cost of new warehouse is irrelevant here as without this cost, the Land is already in a ready-to-use stage ( i.e: for building new property in the Land)
So, the amount of Cost of Land to be reported is : 140K + 1,75K + 25K + 9K - 1K = $174,750
The cost of the land to be reported on the balance sheet is $174,750.
To determine the cost of the land to be reported on the balance sheet, we need to add up all the costs associated with acquiring and preparing the land. In this case, the costs include the cash payment of $90,000, the short-term note of $50,000, legal fees of $1,750, delinquent taxes of $25,000, and fees paid to remove the old building of $9,000. We then subtract the salvage value of the materials sold, which is $1,000. So the total cost of the land is:
Total cost of land = Cash payment + Short-term note + Legal fees + Delinquent taxes + Fees to remove old building - Salvage value of materials
Pharell works in the Government and Public Administration career cluster. Physical fitness and patriotism are very important tohim and he would like to travel to new places around the world. Which career pathway would best suit Pharell? O Planning O Governance O Revenue and Taxation O National Security
O National Security
The Government and Public Administration cluster is composed of people who assist in enforcing the law. The cluster includes people in military workers, municipal clerks, and service clerks,
National security concerns the ability of a country to cater to its citizenry's protection and defense. Pharell liking for physical fitness and patriotism will make him a perfect fit for protecting the citizens and the country.
Sorry im late but theyre right
] How should a gain from the sale of used equipment for cash be reported in a statement of cash flows using the indirect method?
A gain from the sale of used equipment for cash should be subtracted from net income
Indirect method make adjustment to reconcile the net income to cash. It depends on the account if it is added or subtracted to net income.
In this case, a gain from the sale of used equipment for cash is subtracted from net income.
Which of the following best describes the primary role of auditors in financial reporting? A. Consultants that are hired by company management to advise on key matters related to competition, product pricing, employee retention, and financial reporting strategies. B. Key employees of the company that actively participate on the management team in strategic planning, product development, and financial reporting. C. Government employees assigned by local officials to ensure accurate financial reporting and operational integrity by the company. D. Independent party hired by management to express a professional opinion of the extent to which the company's financial reporting is in compliance with generally accepted accounting principles
'Auditors' are the 'individuals who conduct an independent review and examination of system records and activities in order to test the adequacy of the effectiveness of data security and processes.'
The statement that most adequately displays the central role of auditors in the 'financial reporting' would be:
D). "Independent party hired by management to express a professional opinion of the extent to which the company's financial reporting is in compliance with generally accepted accounting principles."
The responsibilities of an auditor include:
Review and monitoring of the financial records to prevent any discrepancy.
Ensure that the organization follows all the standard principles and policies.
Prevent it from any kind of fraud or risk.
Assist in saving costs.
Ensure the operations are being run effectively.
Preparation of reports and data charts etc.
Thus, option D correctly goes with the above-stated duties that he/she is an individual who looks after that the company is in proper alliance with the set principles.