In what structural way do profit-sharing plans increase organizational loyalty?
a. Employees must have high performance evaluations to participate in profit sharing.
b. Employees will stay on to seek management positions because only managers
participate in profit sharing.
c. Employees must stay with the company a certain amount of time to access the funds.
d. Only employees who contribute the most in terms of work receive funds through profit
sharing.
c. Employees must stay with the company a certain amount of time to access the funds.
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The statement of stockholders' equity for Jutras Corporation shows an increase in the Common Stock account of $8,000, an increase in Additional Paid-in Capital--Common in the amount of $22,000, and an increase in Retained Earnings of $50,000 . If the stock has a par value of $3 and dividends of $10,000 were declared and paid during the year, what is the amount of net income for the year?
a. $40,000 b. $50,000 c. $60,000 d. $90,000
List the four broad objectives of the internal control system
Emerald Investments, Inc. purchased 40% of the common stock of Diamond Corporation on March 1, 2018. Diamond Corporation reports a net income of $675,000 for the year 2019. Which of the following is TRUE of the balance sheet on December 31, 2019?
A) Total assets will remain unchanged. B) Total liabilities will decrease. C) Total equity will increase. D) Cash will increase.
The final phase of the 3-x-3 writing process focuses on ________
A) revising B) proofreading C) evaluating D) all of these tasks