Organizational Behavior
OER 2019 Edition
ISBN: 9781947172715
Author: OpenStax
Publisher: OpenStax College
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Textbook Question
Chapter 5.6, Problem 1CC
How can managers reap the benefits of diversity?
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Financing Deficit
Stevens Textile Corporation's 2019 financial statements are shown below: Just need the correct LOC?
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…
What is the better so net poem about sandwiches 5 days ago . Response a or response b
Chapter 5 Solutions
Organizational Behavior
Ch. 5.1 - What is diversity?Ch. 5.1 - What are the three types of diversity encountered...Ch. 5.2 - How is diversity defined in relation to the...Ch. 5.2 - What are the components that make up a diverse...Ch. 5.3 - What are the challenges and opportunities that...Ch. 5.3 - What are the responsibilities of human resources...Ch. 5.3 - Can diversity be a strategic advantage to...Ch. 5.4 - What is the role of the EEOC?Ch. 5.4 - What are the types of discrimination encountered...Ch. 5.5 - What are the theories that can help managers...
Ch. 5.6 - How can managers reap the benefits of diversity?Ch. 5.6 - How can managers mitigate the challenges of...Ch. 5.6 - What is the access-and-legitimacy perspective?...Ch. 5.7 - How can managers ensure fairness in the...Ch. 5.7 - What is the role of leadership regarding...Ch. 5 - Define the three type of diversity and compare...Ch. 5 - How are demographics of the workforce changing?Ch. 5 - What are some major challenges that women face in...Ch. 5 - What is the model minority myth? How does it...Ch. 5 - What are some benefits of hiring older workers?Ch. 5 - Why would an employee pass or reveal at work? What...Ch. 5 - Explain the six benefits of workplace diversity...Ch. 5 - Compare how the cognitive diversity hypothesis and...Ch. 5 - Based on the justification-suppression model,...Ch. 5 - Describe challenges that managers must face when...Ch. 5 - How can employees ensure they are compliant with...Ch. 5 - What are some recommendations for managing...Ch. 5 - Based on Coxs business case for diversity, what...Ch. 5 - Under what form of federal legislation was Fowler...Ch. 5 - What strategies should have been put in place to...
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Similar questions
- 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…arrow_forwardWhat is the commitment of the apple company to human rights violation?arrow_forwardAt 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…arrow_forward
- Solve quicklyarrow_forwardSmiley Corporation's current sales and partial balance sheet are shown below. This year Sales $ 10,000 Balance Sheet: Liabilities Accounts payable $ 2,000 Notes payable $ 2,000 Accruals $ 1,400 Total current liabilities $ 5,400 Long-term bonds $ 2,000 Total liabilities $ 7,400 Common stock $ 1,000 Retained earnings $ 2,500 Total common equity $ 3,500 Total liabilities & equity $ 10,900 Sales are expected to grow by 8% next year. Assuming no change in operations from this year to next year, what are the projected spontaneous liabilities? Do not round intermediate calculations. Round your answer to the nearest dollar.arrow_forwardKim and Park (2011) argue that corporate social responsibility (CSR) activities not only have value for benefitting social causes but can also be regarded as recruiting tools for attracting potential employees who perceive the organization and its CSR activities as an ethical fit. The foundation of this argument comes from an organizational perspective that views employees as important assets for a corporation. Coming from this perspective would mean that corporations would be cognizant about the imperative to have an active CSR program that matches corporate values, missions, and cultures. Walmart Inc is the company of choice. What are Walmart Inc CSR activities? What do these activities communicate about Walmart Inc? Assess whether these activities are cause beneficial or cause exploitative? Give evidence for the answer. Would it be considered working for Walmart Inc?arrow_forward
- When iuploading image then it get blurry Comment in comment section I will write data.arrow_forwardCorrect answer pleasearrow_forwardIn 2022, North Shore Community College had a total student body that was 5% more than in 2021, which was 5% more than in 2020. The enrollment in 2022 was 4,200. How many students attended the college in 2021? How many students attended the college in 2020?arrow_forward
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