The upper management of a large national retail grocery store has passed along the new goals of improving customer service to the district managers. At this point, the district managers need to determine how the stores in their district will achieve top management's goal with the given resources during the next 6 to 24 months. The district managers are developing ______ planning.
A. working-level
B. tactical
C. middle-level
D. operational
E. strategic
B. tactical
When the strategic priorities and policies are passed down to middle managers, the middle managers must do the tactical planning.
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In eight years, Shu Company plans to receive $11,000 cash from the sale of a machine that has a $16,000 book value.YearFV of $1 at 12% FV of an ordinary annuity at 12% PV of $1 at 12% PV of an ordinary annuity at 12%1 1.120 1.000 0.893 0.893 2 1.254 2.120 0.797 1.690 3 1.405 3.374 0.712 2.402 4 1.574 4.779 0.636 3.037 5 1.762 6.353 0.567 3.605 6 1.974 8.115 0.507 4.111 If the firm is subject to a 30% income tax rate and has a 12% after-tax hurdle rate, the correct discounted net cash flow would be:
A. $3,838. B. $606. C. $5,050. D. $1,414. E. None of the answers is correct.
In general, corporate executives prefer research reports that are short, clear, and simply expressed.
Answer the following statement true (T) or false (F)
An approach of assigning probabilities which assumes that all outcomes of the experiment are equally likely is referred to as the:
a. subjective approach c. classical approach b. objective approach d. relative frequency approach
Charlene and Dennis each own 50% of Brewster Corporation and have owned it for five years. The adjusted bases of their Brewster stock are $80,000 and $40,000 respectively. Brewster Corporation liquidates and distributes $60,000 to Charlene in exchange for her stock. It distributes a parcel of land with a $140,000 FMV which is subject to a $90,000 mortgage to Dennis in exchange for his stock.
Dennis assumes the mortgage and also receives $10,000 in cash. a) What is the character and amount of each shareholder's gain or loss? b) What is each shareholder's basis in the property received in the liquidation?