List four issues you may have as a parent deciding succession plans for a family owned business of which you are in control. Include an idea on how you would address or attempt to resolve each issues.

Answers

Answer 1

Answer:

1. family fights, 2. kids not wanting to work at the family business, 3. lack of training, 4. pressure to hire family members, 1. hire other people that arent in the family, 2. convinve them to work there, 3. hire well trained people to train family, 4 hire them and see is they are good for the job or not and have themmstart at a easy position

Explanation:


Related Questions

Synovec Corporation is expected to pay the following dividends over the next four years: $6.60, $17.60, $22.60, and $4.40. Afterward, the company pledges to maintain a constant 5.25 percent growth rate in dividends forever. If the required return on the stock is 7 percent, what is the current share price?

Answers

Answer: $245

Explanation:

If the required return on the stock is 7 percent, the current share price would be calculated as:

= 6.60/1.07 + 17.60/1.07^2 + 22.60/1.07^3 + 4.40/1.07^4 + [(4.4 × 1.0525) / (7%-5.25%)] / 1.07^4

= $245.23

= $245 approximately

Therefore, the current share price will be $245

what things get selling more than another’s and why ?

Answers

Answer:

Either because they are in high demand or are advertised well

Explanation:

A company with excess capacity must decide between scrapping or reworking units that do not pass inspection. The company has 16,000 defective units that cost $5.20 per unit to manufacture. The units can be a) sold as is for $2.80 each, or b) reworked for $4.80 each and then sold for the full price of $8.00 each.

Answers

Answer:

If the company reworks the units, income will increase by $6,400 (compare to sell them as-is).

Explanation:

Giving the following information:

The company has 16,000 defective units.

We will not take into account the original cost of the units. It is irrelevant to the decision making. It will remain constant in both options.

Option A:

Effect on income= 16,000*2.8= $44,800

Option B:

Effect on income= 16,000*(8 - 4.8)

Effect on income= $51,200

If the company reworks the units, income will increase by $6,400 (compare to sell them as-is).

who would u vote for presedent
statefarm
trump
kanye
biden

Answers

100% percent State Farm
Who wOuLdN’t

Answer:

Statefarm

Explanation:

"And like good a neighbor, Statefarm is there."

Why do you think Starbucks has been so concerned with social responsibility in its overall corporate strategy

Answers

Answer: See explanation

Explanation:

Social responsibility simply means that companies should do thing that benefit the society at large and look out for the welfare of the people in the society.

Starbucks has been so concerned with social responsibility in its overall corporate strategy because social responsibility will help to bolster the image of the company. Also, this will be required to help the company continue building its brand, improve customers satisfaction and also organization's productivity.

Identify and explain the components of management compensation and the tradeoffs that compensation designers make.

Answers

Incorrect/Incomplete question: Complete question read;

Which of the following statements correctly describes management compensation options?

A) Managers do not receive fixed salaries; instead their compensation is based on bonuses and incentives.

B) Perks (perquisites) were eliminated as part of the Sarbanes-Oxley Act.

C) Bonuses are typically awarded for meeting or achieving specific goals.

D) Stock options and awards are part of fixed salary compensation.

Answer:

C) Bonuses are typically awarded for meeting or achieving specific goals.

Explanation:

All the options above with the exception of option C rightly describes management compensation plans. Remember, the term compensation includes both cash and non-cash payments an employee may receive for performing their duties well.

Hence, managers may award certain bonuses (eg 5% salary bonuses, etc)  to their employees for working diligently to meet specific goals (like meeting a sales target, new customer acquisition targets, etc).

On January 1, 2022, Above Co. purchased a 30% interest in Below Co. An acquisition differential of $50,000 was identified and allocated to equipment, which had an estimated remaining useful life of 10 years. During 2022, Below Co. sold merchandise it had purchased for $60,000 to Above Co. for $100,000. At the end of 2022, Above Co. held 50% of this merchandise in its inventory. For 2022, Below Co. reported net income of $100,000 and paid dividends of $20,000. Both companies are subject to 40% tax rates.

If Above Co. uses the equity method to account for its investment in Below Co., how much investment income will it report in 2022?
Multiple Choice
o $13,000
o $17,000
o $21,400 - Need explanation for this answer. Thanks.
o $22,600

Answers

When Above Co. uses the equity method to account for its investment in Below Co., the investment income will it report in 2022 is C. $21,400.

What is equity method?

With the equity method of accounting, the investment is initially recorded at cost and later modified to reflect changes in the investor's portion of the investee's net assets following the acquisition. By recording a portion of the earnings based on its ownership interest, an investor who uses the equity method merely acknowledges its share of the investee's gains and losses.

The value will be:

Net income = 100000 × 30% = 30000

Less: amortization = 50000/10 = 5000

Less: Holdback of unrealized profit = 3600

Investment = 21400

Therefore, the correct option is C.

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Suppose the money supply in Country X is $44,000 and the nominal GDP is $88,000. Calculate the velocity of money. Round your answer to the nearest hundredth.

Answers

Answer:

Velocity of money = 2 unit

Explanation:

Given:

Supply in country X = $44,000

Nominal GDP = $88,000

Find:

Velocity of money

Computation:

Velocity of money = Nominal GDP / Money supply in country

Velocity of money = $88,000 / $44,000

Velocity of money = 2 unit

Coronado Industries has $16000 of ending finished goods inventory as of December 31, 2013. If beginning finished goods inventory was $11000 and cost of goods sold was $46000, how much would Coronado report for cost of goods manufactured

Answers

Answer:

$51,000

Explanation:

Coronado industries has $16,000 of ending finished goods

The beginning finished goods inventory is $11,000

Cost of goods sold is $46,000

Therefore the cost of goods manufactured for Corona report can be calculated as follows

=$46,000+($16,000-$11,000)

= $46,000+$5,000

= $51,000

Therefore the cost of goods manufactured is $51,000

Greg is the marketing manager of an apparel manufacturing company that specializes in winter wear. He personally visited the old age homes in which the company sponsored Christmas lunches, as part of its corporate social responsibility initiative. In the context of managerial roles, which of the following roles does Greg illustrate in this scenario?

Answers

If Greg is the marketing manager of an apparel manufacturing company that specializes in winter wear. In the context of managerial roles, the roles that  Greg illustrate in this scenario is: figurehead role.

What is  figurehead role?

Figurehead role can be defined as the way in which a person that is known to be a leader in a organization has little or no power in the organization based on the fact that although the person is a leader, such person does not carryout the duty of a leader but engages in different tasks.

Based on the scenario  Grey has a figurehead role due to the fact he is a marketing manager but at the same he personally visit  the old age homes.

Therefore the roles that  Greg illustrate in this scenario is: figurehead role.

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The complete question is:

Greg is the marketing manager of an apparel manufacturing company that specializes in winter wear. He personally visited the old age homes in which the company sponsored Christmas lunches, as part of its corporate social responsibility initiative. In the context of managerial roles, which of the following roles does Greg illustrate in this scenario?

a. leader role

b. monitor role

c. figurehead role

d. disseminator role

Higher fixed costs are associated with:_____.
1. higher operating leverage.
2. lower operating leverage.
3. increased risk.
4. lower risk.
a. 1 and 3.
b. 1 and 4.
c. 2 and 3.
d. 2 and 4.

Answers

Answer:

a. 1 and 3.

Explanation:

Given that the operating leverage of a business firm is a sum of its fixed cost and variable cost about the way the firm's cost of business is attributed.

In this case, when a business firm has a high fixed cost, it normally requires a high number of sales to earn more profits. This is termed as "higher operating leverage." This thereby leads such business firms to have "increased risk."

Hence, It is practically correct that in business operation that when a business firm has Higher fixed costs it is associated with "higher operating leverage and increased risk"

You purchased 240 shares of stock at a price of $37.92 per share. Over the last year, you have received total dividend income of $255. What is the dividend yield

Answers

Answer: 2.8%

Explanation:

Dividend yield is calculated as dividend per share divided by the price per share.

Dividend per share = 255/240 = $‭1.0625‬

Dividend yield = ‭1.0625‬/ 37.92

= 2.8%

An employee earned $42,900 working for an employer in the current year. The current rate for FICA Social Security is 6.2% payable on earnings up to $128,400 maximum per year and the rate for FICA Medicare 1.45%. The employer's total FICA payroll tax for this employee is:A. $0, since the FICA tax is only deducted from an employee's pay.B. $2,659.80.C. $622.05.D. $6,563.70.E. $3,281.85.

Answers

Answer:

E. $3,281.85

Explanation:

The following are given in the question:

Employee earnings in the current year = $42,900

FICA Social Security = 6.2%

FICA Medicare = 1.45%

Since the employee earning is still below $128,400 maximum per year, the employer's total FICA payroll tax for this employee can be calculated as follows:

Total FICA payroll tax = Employee earnings in the current year * (FICA Social Security + FICA Medicare) .................... (1)

Substituting the values into equation (1), we have:

Total FICA payroll tax = $42,900 * (6.2% + 1.45%)

Total FICA payroll tax = $42,900 * 7.65%

Total FICA payroll tax = $3,281.85

Therefore, the correct option is E. $3,281.85.

Answer each of the following questions based on this scenario:

A decrease in the supply of in building materials (shortage) means that construction companies cannot get enough materials to complete all their projects. The owners of construction companies in Fiction Town have a choice between these two options:

To lay off (temporarily fire) 10% of their least experienced workers.

To reduce the hours of all employees by 5 hours a week, meaning they will be paid for 5 fewer hours of work.


What happens to the average income of people who are employed as construction workers?

The owners of the companies make profit from the payments made on their construction projects. What happens to the income of the owners?

Assume that construction workers are counted as part of the average income in all of Fiction Town. What happens to the average income of people there? Why?

Answers

What happens to the average income of people who are employed as construction workers is reduced by 10 percent.

The owners of the companies make profit from the payments made on their construction projects. What happens to the income of the owners is a balance on the income of the owners of the companies and by extension, the owners have or experience an increase in the profit.

Assume that construction workers are counted as part of the average income in all of Fiction Town. What happens to the average income of people there is that there would be a reduction in the average income of the people of Fiction Town.

This is because, if the construction workers were fired, then there will be lesser workers to be counted as part of the average income. in the same vein, if the hours of all employees were to be reduced, then, their earnings will also be reduced and therefore will affect the average income of all Fiction Town.

What happens when hours of employees are reduced?

When hours of employees are reduced, it decreases one's expenses and increases profits. Nevertheless, it may could result to lost sales or an exodus of employees. Reduction of workers' hours may resulted into a lost "opportunity cost" of lost sales. With reduction of employees' working hour, one may lose a potential sale to a competitor, especially provided the business climate suddenly improves.

Therefore, the correct answer are as given above. When hours of employees are reduced, it lowers one's operating expenses and raises profits.

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Aloha Inc. has 5 percent coupon bonds on the market that have 6 years left to maturity. If the YTM on these bonds is 6.52 percent, what is the current bond price? (Do not round intermediate calculations. Round your answer to 2 decimal places. Omit the "$" sign in your response.)

Answers

Answer:

926.46  

Explanation:

The approaches I have chosen in determining the current bond price are a financial calculator and excel formula approaches as shown thus:

Financial calculator:

N=6( number of annual coupons in 6 years left to maturity)

I/Y=6.52( the yield on the bond)

PMT=50 (annual coupon=face value*coupon rate=$1000*5%)

FV=1000( face   value which is $1000)

CPT PV=-$926.46  

Excel PV function:

=-pv(rate,nper,pmt,fv)

=-pv(6.52%,6,50,1000)=-$926.46  

In your review of ABC Company's financials, you note that Receivables have increased approximately 200% from the previous year, while Cash has declined. Further investigation reveals that 70% of ABC's receivables were booked within 7 days of the end of the quarter. If financial statement fraud is involved, which type is most likely

Answers

Answer:

Fictitious revenues

Explanation:

The fictitious revenue is a revenue that do not belong to the organization but it would be added to the revenue section intentionally.

Therefore as per the given situation, in the case when the fraud is involved in the financial statement so this is a type of fictitious revnenues

hence, the same is to be considered

Webster Corporation's monthly projected general and administrative expenses include $4,100 administrative salaries, $1,500 of other cash administrative expenses, $2,300 of depreciation expense on the administrative equipment, and .5% monthly interest on an outstanding bank loan of $29,000. Compute the total budgeted general and administrative expenses budget per month.

Answers

Answer:

$7,900

Explanation:

Computation for the total budgeted general and administrative expenses budget per month.

Monthly projected general and administrative expenses :

Arministrative salaries $4,100

Other cash administrative expenses $1,500

Depreciation expense on the administrative Equipment $2,300

Total budgeted general and administrative expenses budget per month $7,900

($4,100+$1,500+$2,300)

Therefore the total budgeted general and administrative expenses budget per month will be $7,900

Melodic Music, Inc., recently offered bonds for sale to the public. The unsecured corporate bond paid interest of 8% to investors for the 20-year life of the bonds. Melodic Music is obligated to

Answers

Answer:

a. Pay the principal and interest at the date of maturity

Explanation:

Options are "Pay the principal and interest at the date of maturity, Pay each owner their principal if and when they want to cash-in their investment, Pay stockholders their dividends, before paying bondholders their interest, List each bondholder as an owner in the company."

Melodic Music is obligated to pay the principal and interest at maturity as it is the basic obligation of a bond issuer and it is what separates the bond from equity.

Which of these is not an example of a trade restriction?
O A. Quotas
OB. Subsidies
C. Tariffs
D. Rationing

Answers

The answer is D because Quotes, subsidies and Tariffs are trade restriction.

Out of the given option, the one that is not a trade restriction is the system of D. Rationing.

What are trade restrictions?

These are methods that a nation uses to control the imports that it receives. They include quotas, tariffs and subsidies.

Rationing is used to reduce consumption and is usually used when trade is under threat and so cannot be a trade restriction.

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During 20X1, Eleanor earns $146,000 in wages as an employee of an accounting firm. She also earns $26,000 in gross income from an outside consulting service she operates. Deductible expenses paid in connection with the consulting service amount to $6,000. Eleanor also has a recognized long-term capital gain of $1,000 from the sale of a stock investment. She must pay a self-employment tax on:________
a. $145,000.
b. $144,000.
c. $31,000.
d. $30,000.
e. $24,000.

Answers

Answer:

$20,000

Explanation:

Calculation for self-employment tax payment

Using this formula

Self-employment tax=Gross income-Deductible expenses paid in

Let plug in the formula

Self-employment tax= $26,000-$6,000

Self-employment tax=$20,000

Therefore She must pay on self-employment tax on:$20,000

True or False: If you have enough money for it, marketing is something you can do to boost business a bit.

Answers

Answer: True

Explanation:

Marketing is one of the key elements for success in a modern business. A large number of companies spend huge amounts of money on marketing. The world's largest corporations have special departments in which a large number of people work in marketing. Therefore, investing in marketing is recommended if someone is trying to improve their own business,

Answer:

False.

Explanation:

I just did the quiz.

purchase day book contains what​

Answers

Answer:

??????????????????/

Explanation:

Answer:

hold up what did you just say

Explanation:

The small country assumption is made in developing models of international trade because it applies to US markets.
a) True
b) False

Answers

Answer:

The small country assumption is made in developing models of international trade because it applies to US markets.

b) False

Explanation:

The small country assumption, which states that a country's imports are small compared to the world market's imports, such that when this country's imports are eliminated, no noticeable effect will be felt on the world demand for the product or the product's price, cannot be applied to the US markets.  For example, the US markets are so large in proportion to the world's market demand for a product like crude oil that when the US does not import its share of the quantities of crude oil, the price of crude falls, and the quantity supplied overruns quantity demanded, causing market disequilibrium.  This assumption cannot, therefore, be applied to the US markets.

The US market covers a large proportion of the world's imports and export. The statement for the consideration of the US as a small country in international trade is false.

What is a small country assumption?

The small country assumption is defined as the consideration of the little contribution of the country to the international import. The lack of prohibition of imports to that country did do not rise much effect on international trade.

The US has been the largest group involved in international trade. It is the major importer of many products from the world. Thus, it can not be considered a small country assumption.

Hence, the given statement is false.

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When asset specificity is very high and there is market uncertainty, then it is best for a firm to:_______.
a) vertically integrate
b) use a short-term contract
c) engage in a strategic alliance
d) buy in the open market

Answers

Answer: vertically integrate

Explanation:

When asset specificity is very high and there is market uncertainty, then it is best for a firm to vertically integrate.

Vertical integration is simply when an organization or a particular business controls its suppliers. This will be beneficial as it'll help by improving efficiencies and in the reduction of costs.

GLE specializes in planning, implementing, and controlling the efficient and effective flow and storage of products and information from the point of origin to consumption to meet their clients' needs and wants. It also specializes in delivering transportation services for their clients. Due to GLE's efficiency in these areas, many firms outsource their core physical distribution activities to GLE. GLE is most likely to be a(n):________
a. manufacturers' agent
b. industrial distributor
c. third-party logistics firm (3PL)
d. freight forwarder
e. megacarrier

Answers

Answer:

C) third-party logistics firm (3PL)

Explanation:

From the question, we were informed about GLE who specializes in planning, implementing, and controlling the efficient and effective flow and storage of products and information from the point of origin to consumption to meet their clients' needs and wants. It also specializes in delivering transportation services for their clients. Due to GLE's efficiency in these areas, many firms outsource their core physical distribution activities to GLE. In this case GLE is most likely to be a third-party logistics firm (3PL). third-party logistics firm (3PL) . Third-party logistics (3PL) is engaged in ogistics as well as supply chain management, It entails the utilization of a third party business in the outsourcing ecommerce as well logistics process such as warehousing, distribution services as well as fulfilment of retail order.

Flyer Company sells a product in a competitive marketplace. Market analysis indicates that its product would probably sell at $48 per unit. Flyer management desires a 12.5% profit margin on sales. Flyer's current full cost for the product is $44 per unit.
A. What is the desired profit per unit?
B. In order to meet the new target cost, how much will the company have to cut costs per unit, if any?
C. What is the target cost of the company's product?
D. If the company cannot cut costs any lower than they already are, what would the profit margin on sales be to meet the market selling price?

Answers

Market selling price = $48 per unit

Cost price = $44

Profit = 48 - 44 = $4

Profit margin = profit/selling price x 100 4/48 x 100 = 8.333%

To obtain a 12.5% profit margin the costs would have to be cut to $42 or the selling price would have to rise to $50.29

Profit margin = profit/selling price

= (selling price - cost price)/(selling price)

12.5% = 6 / 48

= 48 - 42 / 48

= 0.125 12.5% =

6.29 / 50.29 = 50.29 - 44 / 50.29 = 0.12507

Sold clothing manufacturing equipment for $31,000. originally purchased the equipment for $95,000, and depreciation through the date of sale totaled $78,500. What was the gain or loss on the sale of the equipment?

Answers

Answer:

Gain= $14,500

Explanation:

First, we need to calculate the book value of the equipment:

Book value= purchase price - accumulated depreciation

Book value= 95,000 - 78,500

Book value= $16,500

If the selling price is higher than the book value, the company made a profit by selling the equipment.

Gain/loss= selling price - book value

Gain/loss= 31,000 - 16,500

Gain= $14,500

Comparing perfect first degree price discrimination to perfect competition one can conclude that: (i) Total social surplus is the same in either case (ii) Consumer surplus is higher under perfect
A. Only (1) is true
B. Only (ii) is true
C. Both (i) and (ii) are true
D. Neither (i) nor (i) is true

Answers

Answer:

C. Both (i) and (ii) are true

Explanation:

Under perfect price discrimination, consumer surplus doesn't exist since the supplier is selling the good or service at the maximum price that each consumer is willing to pay. This situation maximizes supplier surplus.

Under perfect competition, both supplier and consumer surplus exist.

Since total social surplus = supplier surplus + consumer surplus, total surplus should be the same in both situations.

What do you understand by the term stakeholder?

Answers

Explanation:

stakeholder is a party that has an interest in a company and can either affect or be affected by the business. The primary stakeholders in a typical corporation are its investors, employees, customers, and suppliers, i hope this answer your question.

Why might a company issue a product recall

Answers

Answer:

The product is defective

Explanation:

Answer:

A product is defective

Explanation:

Product recalls occur as a result of safety or quality concerns related to a manufacturing or design defect in a product that may harm its users. Recalls may negatively affect a company's stock as they are expensive and can damage a firm's reputation, leading to declining sales.

Other Questions
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