when the new ceo of united airlines instituted the balance scorecard system to improve performance of the airline his primary focus was on

Answers

Answer 1

When the new CEO of United Airlines instituted the balanced scorecard system to improve the airline's performance, his primary focus was on improving and aligning key performance indicators across multiple dimensions of the business.

The balanced scorecard is a strategic management framework that measures an organization's performance using a balanced set of financial and non-financial metrics. It allows companies to assess their performance from multiple perspectives, including financial, customer, internal processes, and learning and growth.

By implementing the balanced scorecard system, the CEO aimed to achieve the following,

Financial Performance, Enhancing financial performance and profitability of United Airlines by setting financial targets, monitoring revenue growth, cost management, and return on investment.

Customer Satisfaction, Improving customer satisfaction and loyalty by focusing on factors such as on-time performance, quality of service, responsiveness to customer needs, and competitive pricing.

Internal Processes, Streamlining and optimizing internal processes to improve operational efficiency, reduce costs, and enhance overall productivity. This may involve initiatives such as improving aircraft turnaround time, reducing maintenance delays, and increasing operational reliability.

Learning and Growth, Investing in employee development, training, and fostering a culture of continuous improvement to drive innovation, employee satisfaction, and talent retention. This dimension emphasizes the importance of nurturing employee skills, knowledge, and capabilities.

By focusing on these key areas and establishing performance measures for each dimension, the CEO aimed to drive overall organizational performance and ensure that United Airlines was effectively meeting the needs of its stakeholders, including customers, employees, and shareholders.

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Related Questions

stark company's most recent balance sheet reported total assets of $1,860,000, total liabilities of $820,000, and total equity of $1,040,000. its debt-to-equity ratio is: multiple choice

Answers

The most recent balance sheet for Stark Company showed total assets of $1,860,000, total liabilities of $820,000, and total equity of $1,040,000. It has a  0.78 debt-to-equity ratio.

What is debt to equity ratio?

The debt-to-equity ratio, also known as the D/E ratio, is a measurement of a company's ability to pay down its debt. It is computed by dividing the entire debt by  the total shareholders' equity of a corporation.

The debt to equity ratio is calculated as:-

Debt-to-equity ratio = Debt/Equity

Total liabilities=debt=$820,000

Total equity=$1,040,000

∴ Debt-to-equity ratio = $820,000/$1,040,000

                                    =0.78

Therefore, 0.78 is the debt to equity ratio of Stark company.

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Assume the mplc = 2 cars and the mplb = 5 boats. there are 150 workers in this hypothetical economy; the slope of the ppf for this economy is:_________

Answers

-2/5

The slope of the PPF of an economy is computed as,

= ( - )MPLc/MPLb

= ( - )2/5

What is slope of the ppf?

By comparing the pricing to the expenses of other suppliers and utilizing the slope of both the PPF, one may evaluate the relative advantage of producing one product against another.

Therefore,

Assume the mplc = 2 cars and the mplb = 5 boats. there are 150 workers in this hypothetical economy; the slope of the ppf for this economy is -2/5

The slope of the PPF of an economy is computed as,

= ( - )MPLc/MPLb

= ( - )2/5

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Income received by households through the lending of their money to corporations and business firms is an example of
income.

Answers

Answer:

Interest / Dividend Income

Explanation:

Answer:

Answer for EDGE is C or Interest

Explanation:

How should the headings of a resume be formatted so that they are clear and easy to find?
a. bold and italicized
b. capitalized and bold
c. underlined and italicized
d. capitalized and underlined

Answers

Answer: Capitalized and bold

Answer:

B. capitalized and bold

Explanation:

Please mark my answer as the Brainiest!!!

Got it correct on Edge.

what type of insurance is owned by the federal government that is not typically available from private companies

Answers

Private Government insurance

PLEASE
what is lean production? in details (GCSE) keywords.​

Answers

Answer:

actually I am very sorry I didn't learn this I don't take business

Explanation:

Sorry would there be anything else I can help u with

conflicts between two mutually exclusive projects occasionally occur, where the npv method ranks one project higher but the irr method puts the other one first. in theory, such conflicts should be resolved in favor of the project with the higher npv. t or f

Answers

Theoretically, these disputes ought to be settled in favor of the project with the larger NPV. The given statement is True. 

Define an NPV.

A set of cash flows is said to have a net present value or net present worth if they occur at diverse times. The present value of a cash flow depends on how long it will be before it occurs. Another element is the discount rate. The temporal value of money is considered by NPV.

Using the internal rate of return is one method of calculating the rate of return on an investment. The formula is "internal" because it does not account for external factors like the risk-free rate, inflation, the cost of capital, or financial risk. Applications of the method can be either ex-post or ex-ante.

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Holding large amounts of bank capital helps prevent bank failures because Question 6 options: A) it means that the bank has a higher income. B) it makes loans easier to sell. C) it makes it easier to call in loans. D) it can be used to absorb the losses resulting from bad loans. In order to obtain a high return on equity for their stockholders, banks want to:

Answers

Holding large amounts of bank capital helps prevent bank failures because D) it can be used to absorb the losses resulting from bad loans.

Bank capital is the money that a bank has in reserve, which can be used to cover any losses that the bank may experience. Banks are required to maintain a certain level of capital in order to ensure that they are able to meet their financial obligations and withstand financial shocks.Holding large amounts of bank capital helps prevent bank failures because D) it can be used to absorb the losses resulting from bad loans.

In addition to helping prevent bank failures, holding large amounts of bank capital can also help banks obtain a high return on equity for their stockholders. A bank's return on equity is a measure of how much profit the bank generates for every dollar of shareholder equity. In order to increase their return on equity, banks can either increase their profits or reduce their shareholder equity.

Increasing profits can be difficult, especially in a competitive market. However, reducing shareholder equity by buying back stock can be an effective way to increase a bank's return on equity. By reducing the number of shares outstanding, the bank can increase the earnings per share, which can lead to a higher stock price.

Another way that banks can increase their return on equity is by increasing their leverage. Leverage is the amount of debt that a bank has relative to its equity. By increasing their leverage, banks can generate higher returns on their investments. However, increasing leverage also increases the risk of financial distress, which is why regulators require banks to maintain a certain level of capital.

In summary, holding large amounts of bank capital is important for preventing bank failures and ensuring that banks are able to meet their financial obligations. It can also help banks increase their return on equity by reducing shareholder equity or increasing leverage. However, banks must balance the benefits of higher returns with the risks of financial distress, which is why regulators require them to maintain a certain level of capital.

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Post-Assessment
Question 2 of 5
Why is buying a car considered "bad debt"?
It decreases in value over time
It increases your net worth as it build equity
It gives you transportation to and from your job
It is worth more than any other investment
Submit
Continue
E

Answers

The reason why buying a car considered "bad debt"is that It decreases in value over time. option A

What is  bad debt?

The term bad debt can be described as the amount of money that a creditor must write off as a result of a default on the part of the debtor in a case whereby the creditor has a bad debt on the books,  then things turn to uncollectible and is recorded as a charge-off.

It should be noted that a case can be regarded as bad debt because the value of the asset you receive from the loan depreciates quickly however in some cases  interest charges increase how the amount that is been paid for the vehicle.  and in thius case cost is higher compare to what it would be if you'd purchased the car outright with cash.

Hence, option A is correct.

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Argue why a product launch that exceeded expectations may actually be a negative result.

Answers

About 30 to 45% of new products fail to deliver any meaningful financial return. This typically happens due to a number of reasons, from poor product / market fit, failure to understand customer needs (or fixing a non-existing problem), to a lack of internal capabilities.

Genes can be turned on or turned off; not all genes are active at one time.
O False
O True

Answers

Answer:

False

Explanation:

explanation

That’s false bro. Genes can’t just be turned on and off.

suppose next month dance creations expects to produce 1,500 hula skirts and sell 1,600. without recreating the new income statements, calculate the difference in profit between variable costing and full absorption costing. which would be higher?

Answers

The difference in profit between variable costing and full absorption costing would be $333, with full absorption costing resulting in a higher profit.

To calculate the difference in profit between variable costing and full absorption costing, we need to understand the key differences between these two methods.

Variable costing only includes variable manufacturing costs (such as direct materials, direct labor, and variable overhead) in the cost of production. Fixed manufacturing costs (such as fixed overhead) are treated as period expenses and are not included in the cost of production.

On the other hand, full absorption costing considers both variable and fixed manufacturing costs in the cost of production. This method allocates fixed manufacturing costs to each unit of production.

To calculate the profit difference, we first need to calculate the unit cost under each costing method.

Using variable costing, the unit cost is calculated by dividing the total variable manufacturing costs by the number of units produced. Let's assume the total variable manufacturing costs are $10,000, and 1,500 hula skirts are produced. The unit cost would be $10,000 / 1,500 = $6.67.

Now, let's calculate the unit cost under full absorption costing. In this method, the fixed manufacturing costs are also included. If the fixed manufacturing costs are $5,000, the total manufacturing costs would be $10,000 (variable costs) + $5,000 (fixed costs) = $15,000. Dividing this by the number of units produced (1,500), the unit cost would be $15,000 / 1,500 = $10.

To find the difference in profit between the two methods, we subtract the unit cost under variable costing from the unit cost under full absorption costing and multiply it by the difference in units sold and produced.

($10 - $6.67) * (1,600 - 1,500) = $3.33 * 100 = $333.

Therefore, the difference in profit between variable costing and full absorption costing would be $333, with full absorption costing resulting in a higher profit.

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The person who would be most directly affected by changes in the business cycle is ______.
a.
an emergency-room doctor
b.
a construction worker
c.
an orthodontist
d.
a college professor

Answers

Answer: B. a construction worker

Explanation:

If buildings are needed to be built constantly than construction workers will make more profit. If people in the business aren’t doing well and stock markets come down less business will be made. Meaning lesser buildings, which allows construction workers to make less.

Hope this helps you, love!

Answer:

pretty sure its b correct me if im wrong

Explanation:

while she can find a handbag that is just as sturdy and well-made for much cheaper, gloria chooses to purchase a designer handbag for thousands of dollars. she is engaging in:

Answers

She is engaging in: Conspicuous consumption.

What is consumption?Consumption is the activity by which an  institutional unit consumes goods or services. Consumption can be either intermediate consumption or final consumption. The use of goods and services to meet individual or collective human needs and desires. Main types include convenience, shopping, specialty and unnecessary consumer goods. Convenience: These goods are frequently consumed and readily available. Consumption can be defined in many ways, but is best described as the final purchase of goods or services by an individual. Services such as buying a new pair of shoes, buying a hamburger at a fast food restaurant, or cleaning the house  are  examples of consumption. Tuberculosis-related weight loss and  so-called "wasting" led to the general term consumption in the 19th century, as the disease was thought to consume the individual.

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plz help if ur good at taxes

plz help if ur good at taxes

Answers

Answer:

pay: 73,300

income tax: 73,300*0.37 = 27,121

EI: 73,300*0.0173=1,268.09

CPP: 2,590

Yearly Pay will be 73,300-27,121-1,268.09-2,590 = $42,320.91

Weekly pay (paycheck) = 42320.91/52 = $ 813.86

Explanation:

Find the critical value for a 98% confidence interval when the population standard deviation is known and the sample size of n = 30 is used. Write your answer to three decimal places. Eg 1.234 2326

Answers

The critical value for a 98% confidence interval with a sample size of n = 30 and a known population standard deviation is 2.33 (to three decimal places).

A critical value is a value that separates the critical region (or rejection region) from the non-critical region when performing a hypothesis test or constructing a confidence interval.

In this case, we are looking for the critical value for a 98% confidence interval, which means we want to find the value that includes 98% of the area under the standard normal distribution curve, leaving 2% in the tails.

To find the critical value for a 98% confidence interval with a sample size of n = 30 and a known population standard deviation, we can use the z-score table.

The z-score for a 98% confidence level is 2.33.

Therefore, the critical value for a 98% confidence interval with a sample size of n = 30 and a known population standard deviation is 2.33 (to three decimal places).

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Name the choreographic element that encourages dancers to rely on musical cues, visual connections, and emotional phrasing.

Answers

The choreographic element that encourages dancers to rely on musical cues, visual connections, and emotional phrasing includes the time, energy, and space

What is the meaning of Choreography?

In art, a choreography means the way in which an idea is expressed physically through dance. When developing this concept, the users usually relies on important principles of organization to ensure that the idea takes a clear, appropriate, and aesthetically pleasing form.

These are principles that comprises the basic ingredients for the dancers' movements and patterns and help the choreographer utilize space, express intention and the music, and organize the dancers.

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PLEASE HELP ILL GIVE YOU BRAINLIEST in a market economy, what does a producer mean when it asks, "Is there a market for my products?"
a."is there is a place where we can sell our products?"
b."is our product being more cheaply made overseas?"
c."will consumers need and want to buy our products?"
d."will the government support demand for our products?"

Answers

Answer:

It is c

Explanation:

I recently had this question lol

Answer:

c

Explanation:

i had this question on a test

how to work out opening balance?​

Answers

Answer:

...

Explanation:

Answer:

Opening Balance (what you have in bank at the start) plus Total Income (what money comes in) minus Total Expenses (what money goes out) equals Closing Balance (what money you have left). The Opening Balance is the amount of cash at the beginning of the month (1st day of month).

In 2017, Blake purchased a new home. In addition to the purchase price of $200,000, he paid $700 in legal fees and $2,000 in recording costs. In 2019, he added a deck at a cost of $5,000. Blake's basis in his home is:

Answers

Answer:

$207,700

Explanation:

Blake's basis in his home in 2017 = purchase price + legal and administrative fees = $200,000 + ($700 + $2,000) = $202,700

Since the deck that Blake added to his home is considered an improvement that is permanent and increases the home's value, it will also increase the home's basis = $202,700 + $5,000 = $207,700

A(n) _____ system is a computer-based information system that produces standardized reports in summarized structured form to support middle managers.

Answers

Answer:

The management information system(MIS)

"making planning in itself is not sufficient."what is the requirement for the business to be successful.​

Answers

Answer:

organization

Explanation:

if you are organized then you will have smoother and cleaner place to work in

Answer:

Do what you think, one day you will surely succeed.

"making planning in itself is not sufficient."what is the requirement for the business to be successful.

suppose the canadian government has decided to place an excise tax of $20 per tire on producers of automobile tires. excise taxes are also called sales or commodity taxes. previously, there was no excise tax on automobile tires. as a result of the excise tax, producers of tires, such as bridgestone and michelin, are going to alter their tire prices. the graph illustrates the demand and supply curves for automobile tires before the excise tax. please shift the appropriate curve or curves on the graph to demonstrate the new equilibrium.

Answers

In order to determine the effect of the tax on the demand and supply graph, please check the attached image.

A tax is a form of transfer to wealth from businesses to the government. Taxes increase the price of goods and services. As a result of the tax levied on the producers of automobile tires, the cost of making tires would increase. This would make producing tires more expensive.

As a result of the increase in the cost of making tires, the production of tires would fall. As a result, there would be a leftward shift of the supply curve. This would lead to a rise in equilibrium price and a decrease in equilibrium quantity.

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suppose the canadian government has decided to place an excise tax of $20 per tire on producers of automobile

Sven immigrated to the United States at age 12 and obtained citizenship at age 18. He speaks with a thick accent . When he applied for a job as a bank clerk, someone else was selected because the other person was more accurate in counting money Has Sven been the subject of illegal discrimination ?

Answers

Answer:

Yes –Sven has been the subject of Discrimination The discrimination, however, was justified. but the discriminations isnt illegal

Explanation:

:) yw

Companies that fail to develop strategies are putting themselves at risk. At the same time, new strategy implementations are risky."
Discuss the statement above with support of relevant examples. minimum 3500 words please.

Answers

It is true that companies that fail to develop strategies are putting themselves at risk, as they are not equipped to adapt to changing market conditions or capitalize on emerging opportunities.

However, implementing new strategies also comes with its own risks and challenges. In this essay, we will discuss the importance of strategy development and the risks associated with implementing new strategies, using relevant examples to illustrate our points.

Importance of strategy development
In today's rapidly changing business environment, it is crucial for companies to develop strategies that enable them to remain competitive and achieve long-term success. A well-developed strategy provides a roadmap for achieving the organization's goals and objectives, taking into account the company's strengths, weaknesses, opportunities, and threats (SWOT analysis).

Conclusion
In conclusion, it is important for companies to develop strategies that enable them to remain competitive and achieve long-term success. However, implementing new strategies can be risky and challenging, and companies must be prepared to overcome resistance from employees and the possibility of failure. By understanding these risks and taking steps to mitigate them, companies can increase their chances of success and remain competitive in today's rapidly changing business environment.

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What happens if you still have a balance on your credit card AFTER the company starts charging you interest?

A: The bank will make your interest payments for you
B: The bank will extend the 0% APR so you don't pay interest
C: The bank will offer you a 0% so they make no money off you
D: The bank will make money from the interest fees you pay

Answers

D is the most logical in my opinion

My reasoning is because banks will always make money of your interest and debt someway. This includes every bank in the world, it’s how banks can afford to stay open and hire employees.

Hope this helps have a nice day :)

A 60-day note receivable dated June 17 has a maturity date of

Answers

Answer:

the maturity date is August 12

Explanation:

The computation of the maturity date of 60 day note receivable dated on June 17 is as follows

Here we have to determine the 60 days from June 17

So in June, the remaining days left would be = (30 - 17) = 13

31 days in July

And, the rest of the days i.e. 12 days in August

So, the maturity date is August 12

Hence, the same would be considered

and, the same is relevant

autocomplete can extend any data pattern involving dates, times, numbers, and text. True or False?

Answers

It is false that autocomplete can extend any data pattern involving dates, times, numbers, and text.

Autocomplete can extend data patterns involving text, but it may not be suitable for all types of data patterns, including dates, times, and numbers. Autocomplete is primarily used to suggest or complete words or phrases based on user input or existing data. While it can be used to enhance data entry by suggesting possible values, it may not provide accurate or meaningful suggestions for complex data patterns like dates, times, and numerical sequences. For such data patterns, specialized input methods or validation techniques are often more appropriate to ensure accuracy and consistency.

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A public relations department responds to negative events by

A. using spin to control damage. CORRECT ANSWER

B. lying to the general public.

C. creating competitive ticket packages.

D. developing special events to the public.

Answers

An organization's negative events can be responded to by the public relations department using spin to control damage. Option A is correct.

What is the role of the public relations department?

The main function is to develop strategies and actions that help an organization to communicate with its stakeholders in a positive way, favoring the creation of relationships that can be converted into business.

Public relations professionals are able to favorably influence the opinions and perceptions of customers, suppliers and investors.

Therefore, the public relations department is also responsible for dealing with adverse situations, looking for ways to control and circumvent the situation so that the company maintains a positive and valuable image with its target audience.

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how to calculate deadweight loss

Answers

Deadweight loss (DWL) is a measure of the economic inefficiency caused by market distortions or government intervention. It represents the loss of economic welfare that occurs when the equilibrium quantity of a good or service is not optimal due to market inefficiencies.

To calculate deadweight loss, you need to follow these steps:

Determine the initial equilibrium price and quantity of the good or service in question.

Determine the new equilibrium price and quantity that would result if the market were operating without the distortion or intervention.

Calculate the difference in consumer and producer surplus between the initial equilibrium and the new equilibrium. Consumer surplus is the difference between the willingness to pay and the actual price paid by consumers, while producer surplus is the difference between the price received by producers and their willingness to sell.

Calculate the area of the triangle between the initial and new equilibrium quantities and prices. This is the deadweight loss.

The formula for deadweight loss is:

DWL = 0.5 x (Q1 - Q2) x (P1 - P2)

where Q1 and Q2 are the initial and new equilibrium quantities, and P1 and P2 are the initial and new equilibrium prices.

Note that the deadweight loss is always a negative number, as it represents a loss of economic welfare. Additionally, the magnitude of the deadweight loss is influenced by the elasticity of demand and supply, as well as the size of the market distortion or intervention.

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Of the 35 students in my class, 11 practice taekwondo, 11 play piano, and 20 take lessonsat AoPS. 4 students play piano and go to AoPS, 3 students do taekwondo and play piano, 5 studentsgo to AoPS and practice taekwondo, and 3 students do none of these. How many students do all 3? In a passenger car or truck (with a manufacturers` rated carrying capacity of not more than 1,500 pounds), which of the following people must use s... - In a passenger car or truck (with a manufacturers rated carrying capacity of not more than 1,500 pounds), which of the following people must use safety belts? 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Both projects have 3 year lives.Project A Project BNet Present Value $81,406 $82,909Payback Period 2.48 years 2.31 yearsAverage Accounting Return 9.58 percent 9.53 percentRequired Return 11.5 percent 12.0 percentRequired AAR 9.25 percent 9.25 percentPlease provide formula with answer. Thank you. Isaac has been asked for his best recommendation given this information. His recommendations should be to accept: A. Both projects. B. Project B because has the shorter payback period. C. project B and reject project A based on their net present values. D. project A and reject project B based on their average accounting return.E. Neither project when you shine a very narrow beam of white light on a grating in a dark room, what do you see on the screen behind the slits?A) A sharp image of the grating's slitsB) A pattern of white and dark spots of approximately equal widthC) a colored stipe that contains rainbow colorsD) a set of rainbow-colored stripes separated by dark regionsE) a white spot in the center and a set of rainbow-colored stripes on each side of it, separated by dark regions 3 Physics questions1. A steam shovel raises 450.0 kg of dirt a vertical distance of 8.6 m. The engine provides 200KJ of energy as heat for the steam shovel to lift the dirt. How much work, in Joules, is done by the steam shovel? Use g as 9.81m/s2.WRITE YOUR ANSWER IN SCIENTIFIC NOTATION2. A coal-burning power plant has an efficiency of 35 percent. If the power plant uses 737M J of energy as heat, how much work is done by the power plant?3. 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Will mark BrainliestWrite a fairytale about one of these El Dragon, El Principe/El Princesa, or El hada madrina. Im in Spanish 2 and 10th gradeWrite the rough draft of your fairy tale. You may copy and paste the accented and special characters from this list if needed: A 6, 6, 6, 10,6, 0, 0, 0, N. Your rough draft should be written in completesentences in Spanish and include the following requirements: (30 points). a classic fairy tale phrase to start the talea regular or irregular superlative adjective to describe your main charactera regular or irregular verb in the imperfect tense to share where your main character lived on-isimo or isima superlative adjective to describe the other character from your fairytale a regular or irregular verb in the imperfect tense to describe what the characters did a classic fairy tale phrase to end the tale vocabulary words and expressions learned in the courseWrite a fairytale about one of these El Dragon, El Principe/El Princesa, or El hada madrina 2.08 Support your main ideas. I am doing an essay about vultures and i need a second paragraph explaining how the help the envierment What is semi Fowler's position used for? DrillOng Sdn Bhd has developed a powerful new hand drill that would be used for woodwork and carpentry activities. It would cost $1 million to buy the equipment necessary to manufacture the drills, and it would require net operating working capital equal to 10% of sales. It would take 1 year to buy the required equipment and set up operations, and the project would have a life of 5 years. If the project is undertaken, it must be continued for the entire 5 years.The firm believes it could sell 6,000 units per year. The drills would sell for $250 per unit, and DrillOng believes that variable costs would amount to $180 per unit. The companys fixed costs would be $110,000 at Year 1 and would increase with inflation. After the first year, the sales price and variable costs will also increase at the inflation rate of 3%.The equipment would be depreciated over a 5-year period, using the straight-line method. The salvage value of the equipment at the end of the projects 5-year life is $50,000. The company however estimated the machine can be sold as scrap for RM60,000. The corporate tax rate is 25%.The projects returns are expected to be highly correlated with returns on the firms other assets. The cost of capital is 12%.Conduct a scenario analysis. Assume that the best-case condition is with the sales price increase by 10%, number of units sold 6,200 units, variable costs per unit and fixed cost increase 5% from the base-case value. The worst-case condition, with increase in the variable and fixed cost by 25% and with no change in the unit sales and unit price from the base value. The best-case condition, worst-case condition, and the base case are assumed to have an equal probability. What would be the projects coefficient of variation NPV? What is the percentage difference in average lifetime earnings of a college graduate earning $60,000 / year vs. a high school graduate earning $38,000 / year? 1. (2x - 3) = 18 2. 2 (5x + 2) = 64solve using Quadratic Equation spermatogenesis would not occur due to the absence of androgen-binding protein. Snowball the Squirrel's albinism is an example ofE) an adaptation to winter snow in northern Virginia.F) a response to excessive walnut consumption.G) a mutation that reduces melanin in skin and hair.H) a condition that limits her chances at reproduction. The books of Carla Corporation carried the following account balances as of December 31,2020 cash $199,000Preferend stock (6%cumuative, nonparticipating $50 par) 276,000Common stock (no par value, 330,000 shares issued) 1,650,000Paid in capital in excess of par preferred stock 154,000Treasury stock (common 2,200 shares at cost) 33,600Retained earning 103,400The company decided not to pay any dividends in 2020. The board of directors, at their annual meeting on December 21, 2021, declared the following: "The current year dividends shall be 6% on the preferred and $0.30 per share on the common. The dividends in arrears shall be paid by issuing 1,380 shares of treasury stock." At the date of declaration, the preferred is selling at $81 per share, and the common at $12 per share. Net income for 2021 is estimated at $72,400, and the company will have an increase in it's cash position. (a) Prepare the joumal entries required for the dividend declaration and payment, assuming that they occur simultaneously. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Round answers to 0 decimal places, e.g. 3,487.Account titles and explanation debit creditFor preverend diviidens in arrears________________ ____________ ____________________________ ____________ ____________For preverend current year dividens________________ ____________ ____________________________ ____________ ____________For common share dividend________________ ____________ ____________________________ ____________ ____________(b) Could Carla Corporation give the preferred stockholders 2 years' dividends and common stockholders a 30 cents per share dividend, all in cash?_______