Workers at the Roll-Anew automobile manufacturing plant had always installed the outside mirrors on the cars by hand
Now, robots have been developed to do the work faster and with fewer slips of the screwdriver, and the workers need to know how to operate the robots. In which area is organizational change now most needed at the Roll-Anew plant?
A) structure: changing management hierarchy
B) strategy: changing company direction
C) technology: changing machines
D) people: changing skills
E) people: changing attitudes
Answer: D
Explanation: D) New technology is in place, so the change is that people need the skills to operate it.
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Trendy Corp. recently declared a 10% stock dividend. As of the date of the announcement, Trendy had 10 million shares outstanding which were selling on the NYSE for $50 per share
An accounting entry is required on the balance sheet in order to transfer an amount from retained earnings to the common stock and additional paid-in capital accounts. What is the dollar amount of retained earnings that will be transferred from retained earnings to the common stock account as the result of the stock dividend? Assume that the par value of Trendy is $2 per share. A) $2 million B) $50 million C) $45.45 million D) $12.5 million
Which of the following is a TRUE statement about the matching principle?
A) The matching principle states that expenses should be recognized when cash is paid for an item. B) The matching principle states that assets must match, or equal, liabilities plus shareholders' equity. C) The matching principle states that expenses incurred should be recognized in the same period as revenues earned. D) The matching principle states that, after adjustments, expenses must equal revenues in each accounting period.