Inkle, Inc. has $200,000 of 10% bonds outstanding (which pay $20,000 interest) and $100,000 of 12% preferred stock (which pay $12,000 dividends)
Assume that Inkle's earnings in the upcoming year will be either $50,000 or $100,000. Given these two possibilities, common stockholders' share of earnings will be either ________ or ________.
A)
$38,000; $88,000
B)
$30,000; $68,000
C)
$18,000; $68,000
D)
$18,000; $88,000
C
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Jack holds an ownership interest of 63% and Teresa holds an ownership interest of 37% in the J and T Partnership. This year, in order to further develop the business, Jack contributes an additional $6800 and Teresa contributes an additional $3200 to the partnership. Which of the following is TRUE of this scenario?
A) Either the total contribution of $10,000 or the contribution in relationship to the ownership interest ratio will be recorded. B) Only the total contribution of $10,000 will be recorded. C) Individual contributions of $6800 by Jack and $3200 by Teresa will be recorded. D) 63% of Jack's contribution and 37% of Teresa's contribution will be recorded.
For each of the following business transactions, list two examples of related accounting information system (AIS) activities:
What will be an ideal response?
Prior to recording adjusting entries at the end of an accounting period, some accounts may not show correct balances even though all transactions were properly recorded.
Answer the following statement true (T) or false (F)
What is the theory that claims power emerges out of the sub-units ability to influence decision-making relating to the allocation of scarce resources in an organization, and as a result, these sub-units attract even more resources?
a. Resource Dependency Theory b. Strategic Contingencies Theory c. Power Resource Theory d. Force Field Theory