Decker EnterprisesBelow are the simplified current and projected financial statements for Decker Enterprises. All of Decker's assets are operating assets. All of Decker's current liabilities are operating liabilities. Income statementCurrent
Projected Salesna
1,500
Costsna
1,080
Profit before taxna
420
Taxes (25%)na
105
Net incomena
315
Dividendsna
95
Balance sheetsCurrentProjected CurrentProjectedCurrent assets 100
115
Current liabilities 70
81
Net fixed assets 1,200
1,440
Long-term debt 300
360
Common stock 500
500
Retained earnings 430
650
If Decker had a financing deficit, it could remedy the situation by
A. buying back common stock
B. paying a special dividend
C. paying down its long-term debt
D. borrowing on its line of credit
E. borrowing from retained earnings
Answer: D
You might also like to view...
When a company pays an employee for work performed, it is considered an economic event that is recorded as a transaction
Indicate whether the statement is true or false
You have been asked to develop guidelines for your company's new weblog. What are the major elements that you will include in the guidelines?
Indira manages a team of people in the accounting department at Financial Partners, LLP. The company has been in buyout talks with a large competitor for the past few months. As the merger deal nears completion, Indira started noticing a change in her team's conduct. One of the collection agents, Malcolm, is taking longer lunches and often returns reeking of alcohol. She observed Akobo, the accounts receivable supervisor, uncharacteristically lashing out at vendors on the phone. Her own assistant, Marjorie, started nervously tapping her feet and pulling at her hair during meetings. Indira is worried about her team and their well-being. According to the protocols of assessment, which of the following actions will help Indira best understanding her team's issues?
A. hiring an expert to observe her team as they work and to report on the status of each member B. considering what might be causing the issues and having her team members fill out questionnaires asking about the sources of their anxieties C. bringing in a masseuse at lunch time once a week to give free massages to the team members who want them D. instituting a program through which high-performing employees mentor lower-performing team members, regardless of seniority E. reading through her team's e-mail correspondence to search for clues about their shift in behavior
______ leaders act against the interests of both subordinates and the organization Laissez-faire leaders: engage in passive.
A. Supportive B. Derailed C. Disloyal D. Tyrannical