B. Analyze the situation below.Mrs. Malou Pitt is the auditor of MugTaza Company for almost 10 years. She rendered resignation because she decidedto be with her family abroad. Ms. Teeyagha Khoo, the finance manager was full of regrets because Mrs. Pitt's decisionsince she was one of the most dedicated and superb employees of the company. Mr. Khoo accepted her resignationletter and forwarded it to Atty. Kizze Magalang, the Human Resource Manager. Hence, the company will be on the processof recruiting applicants to fill in the position of Mrs. Pitt.wwwdIn this scenario, who will fill up the Personnel Requisition Form?a. Atty. Kizze Magalang, the Human Resource Managerb. Ms. Teeyagha Khoo, the Finance Managerw m m mwJustity your answer.

In this case - An auditor (Mrs. Malou Pitt) resigned for the service after 10 years and her…

Answered: Mrs. Malou Pitt is the auditor of…

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

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Consider the following thoughts of a manager at the end of the company’s third quarter: If I can increase my reported profit by $2 million, the actual earnings per share will exceed analysts’ expectations, and stock prices will increase. The stock options that I am holding will become more valuable. The extra income will also make me eligible to receive a significant bonus. With a son headed to college, it would be good if I could cash in some of these options to help pay his expenses. However, my vice president of finance indicates that such an increase is unlikely. The projected profit for the fourth quarter will just about meet the expected earnings per share. There may be ways, though, that I can achieve the desired outcome. First, I can instruct all divisional managers that their preventive maintenance budgets are reduced by 25 percent for the fourth quarter. That should reduce maintenance expenses by approximately $1 million. Second, I can increase the estimated life of the…
Please provide the solutions and the correct answers. thank you! 1. The following were reflected from the records of War Freak Company:Earnings before interest and taxes = P1,250,000Interest expense = 250,000Preferred dividends = 200,000Payout ratio = 40 percentShares outstanding throughout 2013:Preferred = 20,000Common = 25,000Income tax rate = 40 percentPrice earnings ratio = 5 times The dividend yield ratio isa. 0.50b. 0.40c. 0.12d. 0.08 2. The Delta Company projects the following for the upcoming year:Earnings before interest and taxes = P40 millionInterest expense = P 5 millionPreferred stock dividends = P 4 millionCommon stock dividend payout ratio = 20%Average number of common shares outstanding = 2 millionEffective corporate income tax rate = 40% The expected dividend per share of common stock isa. P1.70b. P1.86c. P2.10d. P1.00 3. Following are selected data taken from the records of Jemson Company:Income before tax = P200,000Income tax rate = 40%Dividend payout ratio =…
UOB Limited (“UOB”) operates in the banking industry and has a market capitalization of about S$52 billion. The list of top shareholders and board members of is shown below. Note that the holders with Wee in the name are family members.During a conversation with your colleague from the finance department, two statements caught your attention:Statement 1: UOB is such a huge corporation and the agency problem will surely exist.Statement 2: The CFO of UOB should not focus on the share price because doing so will lead to an overemphasis on short-term profits.(a) Critique Statement 1. Your answer should not exceed 300 words.(b) Critique Statement 2. Your answer should not exceed 200 words.
1. The finance discipline aims to help the business decision makers in answering key questions. How would you answer the following questions? Fully explain. a. Who is your primary customer? b. How company values select shareholder, customer, and employees? c. What critical performance variables would you be tracking? Why? d. How would you solve conflicts between management and shareholders? (Please correct information this finanas question)
Please answer A-C with the most true answer. A. Which of the following is most closely associated with return on assets? a. The cost of equity b. The proportion of debt and equity in the company’s capital structure c. The prime lending rate d. The average operating assets of the company B. Which of the following is most closely associated with expenses? a. Product (value propositions) design(s) b. Average operating assets c. Proportion of debt and equity in the company’s capital structure d. Equity risk premium C. Which of the following is most closely associated with the cost of debt? a. Non-operating expenses b. Risks specific to the company c. The long-term bond yield d. Prime lending rate
Your friend started their own company a few years ago. During covid they experienced a lot ofchallenges, especially with leave pay. He also heard about IAS19 but is not sure what it is about. Heis asking for your advice regarding short-term employee benefits, as well as your assistance basedon the following information relating to the company:At the end of the current financial year being the 30 June 2022, the company has 80 middlemanagers, 20 top managers and 10 partners in the company. As compensation for their services,the following compensation packages are awarded:• Middle managers are compensated with an average salary of R900 000 per annum and havea total of 25 days annual leave.• Top managers are compensated with an average salary of R1 200 000 per annum, with atotal of 22 days leave per annum.• Partners in the company are paid an average salary of R1 800 000 per annum.Per their employment contracts, annual leave may be carried forward for one financial period andis…
If Amazon's board of directors wants management to maximize shareholder wealth, should the CEO's compensation be set as a fixed dollar amount, or should the compensation depend on how well the firm performs? If it is to be based on performance, how should performance be measured? Would it be easier to measure performance by the growth rate in reported profits or the growth rate in the stock's intrinsic value? Which would be the better performance measure? Why?
Should the asset investment and financing decisions be jointly determined, or should each decision be made separately? How would these decisions affect one another? How could the leverage concept be used to help management analyze the situation?
Mr. Dhaniram Singh was worried; to reduce his worry he thought he should write down his difficulties on paper and then start thinking what he could do about these problems. Primarily his listing included the following:- i. His largest competitor has reduced the prices by 10%.ii. He is short on raw material. iii. His liquidity position is not very sound due to slow receivables. iv. Bankers do not give him any more credits since they feel he should be able to manage within his existing credit limit and that is sufficient for his present turnover. He was thinking that this position has recently come up and is unable to find reason. His assistant Mr. Nehra feels all this has been happening because he does not have any information useful to arrive at actions. Another problem he raised is that there is no planning and he is taking too many days to take decisions. Answer the following questions:- a) If Mr. Singh starts planning, will it be sufficient to solve all his above…
Cathy’s Classic Clothes is a retailer that sells to professional women in the northeast. The firm leases space for stores in upscale shopping centers, and the organizational structure consists of regions, districts, and stores. Each region consists of two or more districts; each district consists of three or more stores. Each store, district, and region has been established as a profit center. At all levels, the company uses a responsibility-accounting system focusing on information and knowledge rather than blame and control. Each year, managers, in consultation with their supervisors, establish financial and nonfinancial goals, and these goals are integrated into the budget. Actual performance is measured each month. The New England Region consists of the Coastal District and the Inland District. The Coastal District includes the New Haven, Boston, and Portland stores. The Coastal District’s performance has not been up to expectations in the…
1.Discuss the attractiveness of Treynor Black methodology to an investor in developed market large and medium cap equities? 2. The stock market falls by 33 percent in one day: is this necessarily inconsistent with the market hypothesis? Explain your reasoning 3. New information hits a company share such that the share price rises from 100 pence to 120 pence and then the share price rises gradually over the following 6 months to 150 pence despite any further news. Is this evidence of market efficiency? Explain your reasoning.
Mr Smith is CFO at a venture-backed tech start-up with revenues of $20 million and approximately80 employees. He has worked at the company for several years, and now reports to Mr Raphael,the company's newly hired CEO.The company had been doing really well, but recently big customers have been placing fewerorders and Mr Raphael is feeling pressure to show growth. This pressure is amplified because thecompany is venture-backed, and the investors expect results. While the company did well in thefirst round of funding, if they don't perform now, they may have trouble with gaining sufficientfunding in the second round, which could mean the end of the company.All of this was on Mr Smith’s mind when Mr Raphael came to him about recording a major orderthat was still under negotiation. The deal had not gone through, although both parties expected tocomplete the deal in the next week. With the current quarter ending in the next few days, includingthis order would give a significant boost to the…

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