Effective management practices drive ________.
A. long-term growth
B. employee satisfaction
C. customer satisfaction
D. long-term profitability
Answer: B
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Dina Corporation purchased plant assets for $60,000 cash. The journal entry to record the transaction that correctly shows the outflow of cash is:
A) Investments 60,000 Cash 60,000 B) Plant Assets 60,000 Cash 60,000 C) Plant Assets 60,000 Purchases 60,000 D) Purchases 60,000 Plant Assets 60,000
Financial statements should provide information that is both relevant and reliable. The current model upon which financial statements are based is the historical cost model. Over the past fifty years, however, various individuals and groups have
advocated the implementation of current value models of accounting. One such model represents the amount of cash for which an asset might be sold or a liability might be refinanced, sometimes referred as the current-exit-price approach. The current exit price is generally agreed to correspond (1) to the selling price under conditions of orderly rather than forced liquidation, and (2) to the selling price at the time of measurement. All assets and liabilities are thus revalued at their exit prices at each reporting date. Required: Evaluate the historical cost and current-exit-price models in terms of relevance and reliability.
___________are shared rules and expectations about group members’ behaviors.
a. Specifics b. Norms c. Roles d. Interactions
Southport Mining Corporation is considering a new mining venture in Indonesia. There are two uncertainties associated with this prospect; the metallurgical properties of the ore and the net price (market price minus mining and transportation costs) of the ore in the future.The metallurgical properties of the ore would be classified as either "high grade" or "low grade". Southport's geologists have estimated that there is a 70% chance that the ore will be "high grade", and otherwise, it will be "low grade". Depending on the net price, both ore classifications could be commercially successful.The anticipated net prices depended on market conditions, and also on the metallurgical properties of the ore. Southport's economists have simplified the continuous distribution of possible prices into
a two-outcome discrete distribution ("high" or "low" net price) for the investment analysis. The probabilities of these net prices, and the associated outcomes (in millions of dollars), are summarized below. Â High Grade metallurgy (p=0.7)Low Grade metallurgy (p=0.3)PricesProbabilityOutcomeProbabilityOutcomeHigh0.8 $40 0.6 $20 Low0.2 -$20 0.4 -$40 What should the Southport do? What is their expected profit? What will be an ideal response?