On december 31, strike company has decided to discard one of its batting cages. the initial cost of the equipment was $310,000 with an accumulated depreciation of $260,000. depreciation has been taken up to the end of the year. the following will be included in the entry to record the disposal.
a. accumulated depreciation dr. $310,000
b. loss on disposal of asset dr. $260,000
c. equipment cr. $310,000
d. gain on disposal of asset cr. $50,000

Pennewell publishing inc. (pp) is a zero growth company. it currently has zero debt and its earnings before interest and taxes (ebit) are $80,000. pp's current cost of equity is 10%, and its tax rate is 40%. the firm has 10,000 shares of common stock outstanding selling at a price per share of $48.00. refer to the data for pennewell publishing inc. (pp). pp is considering changing its capital structure to one with 30% debt and 70% equity, based on market values. the debt would have an interest rate of 8%. the new funds would be used to repurchase stock. it is estimated that the increase in risk resulting from the added leverage would cause the required rate of return on equity to rise to 12%. if this plan were carried out, what would be pp's new value of operations? a. $484,359 b. $521,173 c. $584,653 d. $560,748 e. $487,805

From what part of income should someone take savings?

Andy owns islander surfboard inc. in the past, andy has always given his employees bonuses during the holidays if they reached certain sales goals. this year, even though the company is thriving, he decided to cut bonuses from employees and award them to himself instead. what ethical theory of leadership is andy following?