Organizational Behavior
OER 2019 Edition
ISBN: 9781947172715
Author: OpenStax
Publisher: OpenStax College
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Textbook Question
Chapter 13.3, Problem 1CC
What is politics and political behavior in organizations?
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Stevens Textile Corporation's 2019 financial statements are shown below
Balance Sheet as of December 31, 2019 (Thousands of Dollars)
Cash
$ 1,080
Accounts payable
$ 4,320
Receivables
6,480
Accruals
2,880
Inventories
9,000
Line of credit
0
Total current assets
$16,560
Notes payable
2,100
Net fixed assets
12,600
Total current liabilities
$ 9,300
Mortgage bonds
3,500
Common stock
3,500
Retained earnings
12,860
Total assets
$29,160
Total liabilities and equity
$29,160
Income Statement for December 31, 2019 (Thousands of Dollars)
Sales
$36,000
Operating costs
34,000
Earnings before interest and taxes
$ 2,000
Interest
160
Pre-tax earnings
$ 1,840
Taxes (25%)
460
Net income
$ 1,380
Dividends (40%)
$ 552
Addition to retained earnings
$ 828
Stevens grew rapidly in 2019 and financed the growth with notes payable and long-term bonds. Stevens expects sales to grow by 20% in the next year but will finance…
What is the commitment of the apple company to human rights violation?
At year-end 2019, Wallace Landscaping’s total assets were $2.30 million, and its accounts payable were $430,000. Sales, which in 2019 were $2.9 million, are expected to increase by 20% in 2020. Total assets and accounts payable are proportional to sales, and that relationship will be maintained. Wallace typically uses no current liabilities other than accounts payable. Common stock amounted to $630,000 in 2019, and retained earnings were $330,000. Wallace has arranged to sell $180,000 of new common stock in 2020 to meet some of its financing needs. The remainder of its financing needs will be met by issuing new long-term debt at the end of 2020. (Because the debt is added at the end of the year, there will be no additional interest expense due to the new debt.) Its net profit margin on sales is 5%, and 50% of earnings will be paid out as dividends.
What was Wallace's total long-term debt in 2019? Round your answer to the nearest dollar.
$
What were Wallace's total liabilities in…
Chapter 13 Solutions
Organizational Behavior
Ch. 13.1 - Define what Power is.Ch. 13.1 - What are the components that constitute power in...Ch. 13.2 - How is power used in organizations?Ch. 13.2 - How can managers use strategy to counteract the...Ch. 13.3 - What is politics and political behavior in...Ch. 13.4 - How can managers limit inappropriate and unethical...Ch. 13 - Compare and contrast power, authority, and...Ch. 13 - Identify five bases of power, and provide an...Ch. 13 - Discuss the concept of power dependencies. What is...Ch. 13 - What is counterpower? Provide an example of...
Ch. 13 - Why is it important to understand political...Ch. 13 - Define politics. How does politics differ from...Ch. 13 - Compare and contrast the resource dependence model...Ch. 13 - Identify several specific power tactics in...Ch. 13 - Why is it important that the exercise of power and...Ch. 13 - What type of power did Janeys boss employ to get...Ch. 13 - What negative consequences are apparent in this...Ch. 13 - What steps should Janey take do to counteract the...
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