Which of the following is true regarding the modern nation-state?
A. It is an independent entity which is not administered as part of a local government.
B. It is a sovereign state which is comprised of two or more nations.
C. It is the single dominant ethnic group in a state.
D. It arose in an unplanned way out of the wreckage of the Roman Empire.
Answer: D. It arose in an unplanned way out of the wreckage of the Roman Empire.
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Using the 2012 financial statements for DRE Corporation and this additional information, prepare a pro forma
income statement and balance sheet for the year 2013. Determine the discretionary financing needed (DFN) and assume that if the DFN is positive, the company will increase long-term debt, and if DFN is negative, the company will pay back some long-term debt. Sales for next year (2013 ) are expected to increase by $300,000 to $1,800,000. The firm is running efficiently and at full capacity so that all assets and spontaneous liabilities are expected to increase proportionally with sales. The dividend payout ratio for 2013 will be 40%. DRE Corporation 2012 Financial Statements Income Statement ($) Sales 1,500,000 Net Income 250,000 Balance Sheet ($) Cash 400,000 Accounts Receivable 450,000 Inventory 350,000 Property, Plant, & Equipment 650,000 Total Assets 1,850,000 Accounts Payable 200,000 Short Term Notes Payable 250,000 Long-term Debt 550,000 Common Stock 200,000 Retained Earnings 650,000 Total Liabilities and Equity 1,850,000
It is at this Stage in the organizational innovation process when other parts of the organization become involved in the process
A) Stage 2 - setting the stage B) Stage 3 - producing the ideas C) Stage 4- testing and implementing the ideas D) Stage 5 - outcome assessment