Explain the Golden Mean.
What will be an ideal response?
Avoid extremes (too little or too much); find the middle ground
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McCarthy classified marketing activities into the four Ps of the marketing mix. These four Ps stand for ________
A) product, positioning, place, and price B) product, production, price, and place C) promotion, place, positioning, and price D) place, promotion, production, and positioning E) product, price, promotion, and place
The 1933 Act exempts all but which of the following from its registration requirements?
A. short-term notes B. treasury stock C. government securities D. annuity contracts
A type of successor who is high in ingenuity, creativity, and drive would be considered a(n) _____ successor.
a. managerial b. entrepreneurial c. opportunistic d. innovative
The management team of Wickersham Brothers Inc. is preparing its annual financial statements. The statements are complete except for the statement of cash flows. The completed comparative balance sheets and income statements are summarized. Current YearPrior Year ??Balance Sheet ??Assets ??Cash $50,000 $72,000 ??Accounts Receivable 80,000 70,000 ??Merchandise Inventory 60,000 65,000 ??Property and Equipment 110,000 60,000 ??Less: Accumulated Depreciation (30,000) (15,000) ??Total Assets $270,000 $252,000 ??Liabilities: ??Accounts Payable $10,000 $12,000 ??Salaries and
Wages Payable 2,000 1,000 ??Notes Payable, Long-Term 50,000 60,000 ??Stockholders' Equity: ??Common Stock 100,000 80,000 ??Retained Earnings 108,000 99,000 ??Total Liabilities and Stockholders' Equity $270,000 $252,000 ??? Current Year ?Income Statement ?Sales$200,000 ?Cost of Goods Sold 110,000 ?Depreciation Expense 15,000 ?Other Expenses 50,000 ?Net income$25,000 ?? Other information from the company's records includes the following:• Bought equipment for cash, $50,000.• Paid $10,000 on long-term note payable.• Issued new shares of common stock for $20,000 cash.• Cash dividends of $16,000 were declared and paid to stockholders.• Accounts Payable arose from inventory purchases on credit.• Income Tax Expense ($4,000) and Interest Expense ($3,000) were paid in full at the end of both years and are included in Other Expenses.Required:Prepare a schedule summarizing operating, investing, and financing cash flows using the T-account approach. What will be an ideal response?