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Tuesday, 15 October 2019

Gabriele Enterprises has bonds on the market making annual payments, with ten years to maturity, a par value of $1,000, and selling for $968. At this price, the bonds yield 6.9 percent.

Gabriele Enterprises has bonds on the market making annual payments, with ten years to maturity, a par value of $1,000, and selling for $968. At this price, the bonds yield 6.9 percent.


What must the coupon rate be on the bonds?




Thanks

Wednesday, 29 May 2019

The success Apple, Inc. achieved over the past decade was a direct result of the creative and forceful leadership of its late CEO, Steve Jobs. According to the text, this would be an example of the "romantic" perspective of leadership.

1.

The success Apple, Inc. achieved over the past decade was a direct result of the creative and forceful leadership of its late CEO, Steve Jobs. According to the text, this would be an example of the "romantic" perspective of leadership. 
 
TRUE


2.

Strategic management consists of the analyses, decisions, and actions an organization undertakes in order to create and sustain competitive advantages. 
 
TRUE

 

 

3.

The three interrelated and principal activities of strategic management are: strategy analysis, strategy formulation, and strategy implementation. 
 
TRUE

 

 

4.

According to the textbook, strategic management does not consist of the analyses that an organization undertakes in order to create and sustain competitive advantages. 
 
FALSE

 

 

5.

Management innovations such as total quality, just-in-time, benchmarking, business process reengineering, and outsourcing are important, but not enough for building sustainable competitive advantage. 
 
TRUE

 

 

6.

Strategic management recognizes the trade-offs between effectiveness and efficiency. 
 
TRUE

 

 

7.

According to Henry Mintzberg, a management scholar, most firms realize their original intended strategy. 
 
FALSE

8.


According to the text, formulating strategy includes taking into consideration strategy at the business, corporate, and international levels. 
 
TRUE


Business-level strategy focuses on (1) what businesses to compete in, and (2) the management of the business portfolio to create synergy among its businesses. 

9.


 
FALSE

 

10.

Corporate-level strategy addresses how firms compete and outperform their rivals as well as achieve and sustain competitive advantages. 
 
FALSE

 

11.

Effective leadership can play a large role in fostering corporate entrepreneurship. Corporate entrepreneurship can have a very positive impact on the bottom line of a firm. 
 
TRUE

 

12.

The three primary participants in corporate governance are: (1) the shareholders, (2) the management (led by the chief executive officer), and (3) the employees. 
 
FALSE

 

13.

Decisions by boards of directors are always consistent with shareholder interests. 
 
FALSE

 
 

14.

Former Chrysler vice chairman Robert Lutz observed that companies exist to serve the shareholder and create shareholder value. He insisted that the only person who owns the company is the person who paid good money for it. This is an example of a symbiotic approach to stakeholder management. 
 
FALSE

 

15.

Stockholders in a company are the only individuals with an interest in the financial performance of the company. 
 
FALSE

 

16.


Stockholders, employees, and the community-at-large are among the stakeholders of a firm. 
 
TRUE

 

17.


Symbiosis is the ability to recognize interdependencies among the interests of multiple stakeholders within and outside an organization. 
 
TRUE

 

18.



Procter and Gamble developed a laundry detergent compaction technique that appeals to consumers, retailers, shipping and wholesalers, and environmentalists. This is an example of stakeholder symbiosis. 
 
TRUE

 

19.

Social responsibility is the idea that organizations are not only accountable to stockholders but also to the community-at-large. 
 
TRUE

 

20.

The concept of shared value redefines the purpose of the corporation as creating shared value in order to create a more even distribution of the profits to all employees, not just top level executives. 
 
FALSE

Saturday, 27 April 2019

Awesome Excel Shortcuts keys

Excel is one of the most amazing tools for data analysis. It saves our lot of time if we will use Excel with shortcut keys. Let me share with you a few most amazing excel shortcut keys:
Moving Around the Excel Worksheet:
Move one cell up = ↑ arrow key
Move one cell down = ↓ arrow key
Move one cell right = → arrow key
Move one cell left = ← arrow key
Move to beginning of row = Home
Move to beginning of worksheet = Ctrl + Home
Move to the bottom right corner of worksheet = Ctrl + End
Move one screen right = Alt + Page Down
Move one screen left = Alt + Page Up
Repeat the last action = F4 ... Especially useful when inserting rows or columns.
Helpful Hints
The + in the description means "and" - not the + key. Just hold down one key while pressing the other key.
If you want to learn in advance level Excel then you may check out this Excel course. Let me show you a few interesting excel shortcut keys below now.
Working With Data in Cells:
Cancel action or selection = ESC ... Also to remove squiggly lines after a Copy.
Undo the last action = Ctrl + Z or Alt + Backspace ...Maybe pressed multiple times to undo multiple actions.
Redo the last action = Ctrl + Y
Edit cell contents inside the cell = Double-click in a cell or Click + F2
Toggle between cell values and formulas = Ctrl + ` ... The left apostrophe key is located to the left of the number 1 on many keyboards.
Copy to clipboard = Ctrl + C ... For use in cut and paste.
Cut data = Ctrl + X ... For use in cut and paste.
Paste from clipboard = Ctrl + V
Fill down = Ctrl + D ... Select (highlight) cell with data and desired number of cells below it. Then press **Ctrl + D**.
Fill to the right = Ctrl + R ... Select cell with data and highlight to select an appropriate number of cells to the right to fill. Then press Ctrl + R. Can fill to the right multiple cells in a column.
Format with bold = Ctrl + B
Format with italics = Ctrl + I
Format with underscore = Ctrl + U
Insert a hyperlink = Ctrl + K
Display "Format Cells" window = Ctrl + 1
Display Find and Replace (find tab) = Ctrl + F
Display Find and Replace (replace tab) = Ctrl + H
Insert date = Ctrl + ;
Insert time = Ctrl + Shift + :
Insert date and time = Ctrl + ; press the spacebar Ctrl + Shift + :
This video also helpful for the understanding of the excel use.
Selecting (Highlighting) Cells
Select column = Ctrl + Spacebar
Select row = Shift + Spacebar
Select all cells = Ctrl + A ... Can also click the top left square of the worksheet to select all spreadsheet cells.
Select adjacent cells = Shift + Click ... Click on the first cell, press and hold the Shift key, and click in the last cell to be selected.
Select non-adjacent cells = Ctrl + Click ... Click on the first cell, press and hold Ctrl key while clicking in other cells to be selected.
This channel also helpful for the understanding of free excel.
Working with Excel Worksheets and Workbooks
Save worksheet = Ctrl + S
Open "Save As" window = F12
Open Print window = Ctrl + P or Ctrl + F2
Insert a new worksheet = Shift + F11 ... inserts it left of the active sheet
Create new workbook = Ctrl + N
Open existing workbook = Ctrl + O
Close current workbook = Ctrl + W
Exit Excel = Alt + F4
Insert chart in worksheet = Alt + F1 ... First, select cells to a graph, then use a shortcut.
Create a chart in a new worksheet = F11 ... First, select cells to the graph, then use a shortcut.
I hope, these shortcut keys will helpful for you. If you belong to the USA Then you may join Self growth growth learn and teach as well.


 

Monday, 18 March 2019

On November 1, 2015, Norwood borrows $430,000 cash from a bank by signing a five-year installment note bearing 5% interest. The note requires equal total payments each year on October 31. (Table B.1, Table B.2, Table B.3, and Table B.4) (Use appropriate factor(s) from the tables provided.) Required: 1. Complete the below table to calculate the total amount of each installment payment.

On November 1, 2015, Norwood borrows $430,000 cash from a bank by signing a five-year installment note bearing 5% interest. The note requires equal total payments each year on October 31. (Table B.1Table B.2Table B.3, and Table B.4(Use appropriate factor(s) from the tables provided.)
 
Required:
1.
Complete the below table to calculate the total amount of each installment payment.
calculate the total amount of each installment payment

Complete an amortization table for this installment note.
Complete an amortization table for this installment note
Prepare the journal entries in which Norwood records the following:
  
(a) 
Accrued interest as of December 31, 2015 (the end of its annual reporting period).
Accrued interest as of December 31, 2015



Explanation:
Here

Legacy issues $740,000 of 7.5%, four-year bonds dated January 1, 2015, that pay interest semiannually on June 30 and December 31. They are issued at $680,186 and their market rate is 10% at the issue date.

Legacy issues $740,000 of 7.5%, four-year bonds dated January 1, 2015, that pay interest semiannually on June 30 and December 31. They are issued at $680,186 and their market rate is 10% at the issue date.

Prepare the January 1, 2015, journal entry to record the bonds' issuance.
Prepare the January 1, 2015, journal entry to record the bonds' issuance.

Determine the total bond interest expense to be recognized over the bonds' life.
Determine the total bond interest expense to be recognized over the bonds' life

Explanation:

Prepare a straight-line amortization table for the bonds' first two years.
Prepare a straight-line amortization table for the bonds' first two years

Straight-line amortization table ($59,814 / 8 = $7,477)
Prepare the journal entries to record the first two interest payments
Prepare the journal entries to record the first two interest payments

here