Which of the following is not a characteristic of effective virtual teams?
a. A manager who provides clearly defined direction.
b. Trust that is measured by validity.
c. Waking around or moving your arms.
d. A manager who removes all ambiguity from the process.
b. Trust that is measured by validity.
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Royal Company purchased a dump truck at the beginning of 2012 at a cost of $60,000 . The truck had an estimated life of 6 years and an estimated residual value of $24,000 . On January 1, 2014, the company made major repairs of $20,000 to the truck that extended the life 1 year. Thus, starting with 2014, the truck has a remaining life of 5 years and a new salvage value of $8,000 . Royal uses the
straight-line depreciation method. What is the book value of the truck to be reported on the balance sheet at December 31, 2014? a. $44,000 b. $50,000 c. $56,000 d. $62,000
Readable Materials Inc., a manufacturer of coated freshet and coated ground-wood paper used in catalogs, magazines, and commercial printing applications, has three bond issues outstanding. The following table describes these issues:
In addition, the firm’s 100,000 preferred shares of stock pay $0.75 per share quarterly and currently have a market price of $30 per share and a book value of $20 per share. The flotation costs for debt, preferred, and common equity are 3%, 5%, and 7%, respectively. The current price per share of the firm’s 200,000 shares of common stock is $50, but they have book value of $30 per share. The firm expects an average common dividend growth rate of 3% indefinitely and a dividend yield of 12% for the next year. The firm’s beta coefficient is 1.5 and its marginal tax rate is 40%. If the current risk free rate and market risk premium are 3% and 7% respectively, answer the following:
a) What are the book and market value weights for each source of capital?
b) What are the component costs of capital (i.e., debt, preferred equity, retained earnings, and new common equity)? Use the weighted average of the bond market values to determine the cost of debt and the arithmetic average of the dividend discount model and CAPM model for the cost of retained earnings.
c) What is the weighted average cost of capital using both the market and book value weights?
The Narrows Company makes the following entry in its accounting records: Inventory ................................. 400 Cost of Goods Sold...................... 400 This entry would be made when
a. merchandise is sold and the periodic inventory method is used. b. merchandise is sold and the perpetual inventory method is used. c. merchandise is returned and the perpetual inventory method is used. d. merchandise is returned and the periodic inventory method is used.
The accounts of Delphinia Dreams, Inc showed the following balances at the beginning of October
Account Debit Raw Materials Inventory $31,000 Work-in-Process Inventory 44,000 Finished Goods Inventory 54,000 Manufacturing Overhead 20,000 During the month, direct materials amounting to $21,000 and indirect materials amounting to $6,000 were issued to production. What is the ending balance in the Work-in-Process Inventory account following these two transactions? A) $44,000 B) $65,000 C) $10,000 D) $26,000