The following balances were taken from the books of Skysong Corp. on December 31, 2020. Interest revenue $87,250 Accumulated depreciation—equipment $41,250 Cash 52,250 Accumulated depreciation—buildings 29,250 Sales revenue 1,381,250 Notes receivable 156,250 Accounts receivable 151,250 Selling expenses 195,250 Prepaid insurance 21,250 Accounts payable 171,250 Sales returns and allowances 151,250 Bonds payable 101,250 Allowance for doubtful accounts 8,250 Administrative and general expenses 98,250 Sales discounts 46,250 Accrued liabilities 33,250 Land 101,250 Interest expense 61,250 Equipment 201,250 Notes payable 101,250 Buildings 141,250 Loss from earthquake damage 151,250 Cost of goods sold 622,250 Common stock 501,250 Retained earnings 22,250 Assume the total effective tax rate on all items is 20%. Prepare a multiple-step income statement; 100,000 shares of common stock were outstanding during the year. (Round earnings per share to 2 decimal places, e. g. 1.48.)

What are the general categories of capital budget scenarios? describe the overall decision-making context for each.

When paul o’neill joined alcoa as ceo, he set a , that there would be zero workplace accidents. a lot of people in the organization thought this was impossible given how dangerous some aluminum-manufacturing jobs are, but alcoa’s safety record improved tremendously. as the board of governors of the american red cross considers planning, one option is to make strategic plans and then direct managers to align tactical and operational plans accordingly. another option is to have planning specialists managers across the organization make their own plans. why might this organization’s executives opt for the latter approach? check all that apply. (a) the environment is a dynamic one, and department and frontline managers can come up with more responsive plans than can central leadership. (b)resources will be better coordinated across the organization in support of the overall strategy.(c) senior leadership will have more control over the organization’s direction. (d)when managers come up with their own plans, they are likely to be more committed to following through on them.

During which of the following phases of the business cycle does the real gdp fall? a. trough b. expansion c. contraction d. peak