Organizational Behavior
OER 2019 Edition
ISBN: 9781947172715
Author: OpenStax
Publisher: OpenStax College
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Textbook Question
Chapter 15.2, Problem 1CC
What factors within the economic environment affect businesses?
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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.
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What were Wallace's total liabilities in…
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Chapter 15 Solutions
Organizational Behavior
Ch. 15.1 - Define the components of the internal and the...Ch. 15.1 - What factors within the economic environment...Ch. 15.1 - Why do demographic shifts and technological...Ch. 15.2 - What factors within the economic environment...Ch. 15.2 - Why do change and shifts and technological...Ch. 15.3 - Why does the matrix structure have a dual chain of...Ch. 15.3 - How does a matrix structure increase power...Ch. 15.3 - What are advantages of a formal committee...Ch. 15.4 - Identify the six major organizational structures.Ch. 15.4 - Explain the McKinsey 7-S model.
Ch. 15.5 - How can employee diversity give a company a...Ch. 15.5 - Explain the concept of hiring for fit as it...Ch. 15.5 - What are some organizational issues that must be...Ch. 15 - Explain how several current environmental forces...Ch. 15 - What are ways to classify and describe how...Ch. 15 - What are a few industries and/or organizations...Ch. 15 - What are some major differences between organic...Ch. 15 - Which organization would you work best in, an...Ch. 15 - What are some advantages and disadvantages of...Ch. 15 - Do you think its true that every organization has...Ch. 15 - Why have functional structures been criticized for...Ch. 15 - What are some advantages and disadvantages of...Ch. 15 - How is a product structure one type of a...Ch. 15 - What are some disadvantages in working in a matrix...Ch. 15 - What advantages do matrix structures have compared...Ch. 15 - What advantages do geographic structures have...Ch. 15 - What are issues that working in a networked team...Ch. 15 - In what ways is a virtual organizations and...Ch. 15 - What major trends discussed at the end of this...Ch. 15 - What purposes does an organizations culture serve...Ch. 15 - How does Exhibit 15.16 facilitate an understanding...Ch. 15 - What happened at Wells Fargo with regard to past...Ch. 15 - What internal dimensions of the company were part...Ch. 15 - How might the organizational structure of the...Ch. 15 - Identify and use relevant concepts from this...Ch. 15 - Suggest some solution paths the company might...
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