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Tara Westmont, the stockholder of Tiptoe Shoes, Inc. had annual revenues of $203,000, expenses of $112,700, and the company paid $25,200 cash in dividends to the owner (sole stockholder). The retained earnings account before closing had a balance of $315,000. The ending retained earnings balance after closing is: a. $203,000 b. $65,100 c. $90,300 d. $380,100 e. $405,300
Determine the payback period for a capital investment that costs $40,000 and has the following after tax profit. (The project outlay of $40,000 will be depreciated on a straight line basis to a seven years to zero salvage value).
The sample averages and sample ranges are in the table. Construct and plot an X-bar and R-chart using these data. Is the process in control?
Why does Wheeled Coach have excess inventory? What kind of a plan would you suggest for dealing with it? Wheeled Coach, the world’s largest manufacturer of ambulances, builds thousands of different, constantly changing configurations of its products...
Evaluate Kevin McCarthy leadership style before and during his experiment in participative management. If you were Kevin McCarthy, What would you do now
Define life safety as related to fire safety programs. Organizations provide comprehensive fire safety programs to mitigate hazards involving fire in the workplace. As a safety and health manager for your organization, how would you build and trai..
Some college football and basketball coaches earn huge incomes. Should college volleyball and swimming coaches be paid considerably? Should colleges pay their student athletes to play?
You own and operate a gay gentlemen’s club in Illinois. You have well over 35 full time employees. You only hire straight men under age 30 as erotic dancers to 1) avoid patronizing between the workers and customers and 2) because you believe older er..
Based on the assessments of the MBNQA and the Deming Award stated above, which approach do you feel is more effective at implementing a TQM strategy for a business? Why?
Consider what you have learned about the three forms of small business ownership. List and briefly describe two advantages and two disadvantages for each of the three major legal forms of organization: sole proprietorships, partnerships, and corporat..
What business-level strategy does Southwest seem to be pursuing? Why? What corporate-level strategies is Southwest pursuing? Why? How do these strategies create value for the organization? For the customers?
Identify a company that is no longer in business. What critical data within this organization may have contributed to its downfall? Was this a business of which you were a customer? Do you believe this company would be still around if it had approach..
Give at least one example of how HR management concepts and techniques can be of use to all managers.
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