As described in the text, William George, the former chairman and CEO of Medtronic, has outlined a connection between his company’s mission and values and what?
a. a strong vision statement
b. employee retention
c. ethical organizational culture
d. profits and shareholder value
d. profits and shareholder value
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The relationship of each asset item as a percent of total assets is an example of vertical analysis
Indicate whether the statement is true or false
Psychological factors have little relevance in the design of assembly line jobs because those jobs involve physical products and production technology
Indicate whether the statement is true or false
XYZ Insurance Company uses class rating to determine the rate to charge for insurance
For one type of insurance, the pure premium XYZ actuaries calculated is $75 per unit. If XYZ's expense ratio is 25 percent, what is the gross rate for this coverage? A) $37.50 B) $55.25 C) $75.00 D) $100.00
Weston Company had the following long-term equity securities in its portfolio at December 31, Year 1. Weston had several long-term investment transactions during the next year. After analyzing the effects of each transaction, (1) determine the amount Weston should report on its December 31, Year 1 balance sheet for its long-term investments in available-for-sale securities, (2) determine the amount Weston should report on its December 31, Year 2 balance sheet for its long-term investments in equity securities, (3) prepare the necessary adjusting entry to record the fair value adjustment at December 31, Year 2.Equity Securities (LT)CostFairValue40,000 shares of Beach common stock$ 497,500$ 488,90015,000 shares of Danfield common stock410,200412,60018,000 shares of Cardinal common
stock399,600425,8???Jan. 22Sold 9,000 shares of Cardinal common stock for $203,000 less a brokerage fee of $850.Mar. 17Purchased 30,000 shares of Apex common stock for $995,000 plus a brokerage fee of $2,500. The shares represent a 30% ownership in Apex.Jun. 10Purchased 108,000 shares of Desert Springs common stock for $1,525,000 plus a brokerage fee of $4,200. The shares represent a 54% ownership in Desert Springs.Nov. 01Purchased 12,000 shares of Cliff common stock for $223,500 plus a brokerage fee of $450. The shares represent a 10% ownership.Dec. 31At December 31, Year 2, the fair values of its investments are: Beach, $502,500; Danfield, $411,800; Cardinal, $203,100; Apex, $1,113,250; Desert Springs, $1,576,000; Cliff, $239,050. What will be an ideal response?