An extension of equity theory is the idea that some individuals are more equity sensitive than others. Which of the following is NOT a classification of equity sensitivity?
A. Benevolents
B. Entitleds
C. Egalitarians
D. Equity sensitives
C. Egalitarians
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For each of the following separate cases, use the information provided to calculate the missing cash inflow or cash outflow using the direct method.(a)Accounts receivable balances:?? Beginning of year ……………………… $ 60,000? End of year ……………………………..57,000?Sales revenue (all on credit) ……………..375,000?Cash received from customers $______???(b)Accounts payable balances:?? Beginning of year ………………………. $ 42,000? End of year………………………………45,000?Merchandise inventory balances:?? Beginning of year ………………………50,000? End of year ……………………………..47,500?Cost of goods sold………………………..250,000?Cash paid for
merchandise inventory……. $______???(c)Interest payable balances:?? Beginning of year ……………………... $ 7,500? End of year …………………………….9,200?Interest expense …………………………35,000?Cash paid for interest …………………… $______ What will be an ideal response?
Hondo Co has total debt of $252,000 and stockholders' equity of $420,000 . Hondo is seeking capital to fund an expansion. Hondo is planning to issue an additional $180,000 in common stock, and is negotiating with a bank to borrow additional funds. The bank requires a maximum debt ratio of .75 . What is the maximum additional amount Hondo will be able to borrow after the common stock is issued?
a. $639,000 b. $852,000 c. $1,236,000 d. $1,548,000
Each full-time employee of Hydroponics Greenhouse is entitled to ten paid sick days each year. The sick pay is not vested, but any unused sick days can be carried over to subsequent years. Under FASB ASC Topic 710, Hydroponics Greenhouse should
a. recognize sick pay as an expense when actually paid. b. recognize an estimated current liability for unused sick pay at the end of each period. c. recognize an estimated noncurrent liability for unused sick pay at the end of each period. d. accrue or not accrue sick pay based on historical rates of absenteeism.
What is the appropriate term from systems theory for goal states that are relatively stable, as opposed to relatively changeable?
A. System balance D. Static states B. Cybernetics E. Dynamic states C. Morphogenesis