Answer:
17.21%
Explanation:
Calculation for What is the target cost of equity
Target cost of equity= 13.4% + (13.4% - 8.6%) (.55 / .45) (1 - 35%)
Target cost of equity= 13.4% + (4.8%) (.55 / .45) (1 - 35%)
Target cost of equity=17.21%
Therefore the target cost of equity is 17.21%
ideas to re-motivate employees
Answer:
Explanation:
Giving gifts and promotions to hardworking employees
The Franklins can claim a recovery rebate credit of $________ for Cristina on their 2020 tax return. g
Answer:
The Franklins can claim a recovery rebate credit of $__1,200______ for Cristina on their 2020 tax return.
Explanation:
The CARES Act provided economic relief payments, called "Economic Impact Payments" or stimulus payments, valued at $1,200 per eligible adult, based on household adjusted gross income (AGI), plus $500 for each additional qualifying dependent under 17 years of age. According to the Act, these payments will continue through Dec. 31, 2020, and the Franklins will not be able to claim a recovery if Cristina is above 17 years. The amount can still be claimed by all eligible taxpayers in 2021 when filing their 2020 tax returns.
If interest rates rise, Group of answer choices households are willing to borrow more money because their rates of return have increased. foreign entities are willing to borrow more money because their rates of return have increased. firms are willing to borrow less money because their costs of borrowing has increased. firms are willing to borrow more money because their rates of return have increased. it must mean that inflation has decreased because nominal rates have increased.
Answer: firms are willing to borrow less money because their costs of borrowing has increased.
Explanation:
Cost of borrowing refers to the interest rates that a borrower will have to pay on the loan they have borrowed.
If interest rates increase in the economy therefore, the cost of borrowing will increase and companies aim to keep costs as low as possible. This will lead to them borrowing less money so as not to incur the increase interest charges.
Select the example that is inconsistent with the provisions of the UCC for contract remedies for a seller's breach of contract.
a) A cell phone company specifies in its sales contract that if a product is defective, the buyer's only remedy is to receive a replacement phone.
b) The sales contract for an art dealer excludes specific performance as a remedy for non-delivery of items ordered by the buyer, but it does not exclude all remedies.
c) An appliance manufacturer's sales contract gives buyers a maximum of six months to raise any concerns relating to breach of contract.
d) In its sales contract, an airplane manufacturer eliminates responsibility for consequential damages related to loss of business in the case of a delivery error.
Answer:
The example that is inconsistent with the provisions of the UCC for contract remedies for a seller's breach of contract is:
c) An appliance manufacturer's sales contract gives buyers a maximum of six months to raise any concerns relating to breach of contract.
Explanation:
Consumers have up to six years to raise concerns relating to breach of contract, even though the goods under the contract may not last up to this period. Therefore, the provision by the appliance manufacturer that buyers have a maximum of six months to raise concerns is inconsistent with the Uniform Commercial Code (UCC). The code sets the same comprehensive laws for all commercial activities in the US.
You will deposit $1,200 at the beginning of every four years for 20 years. If the effective rate of interest is 6%, how much will you accumulate at the end of the 20 year period
Answer:
Total FV= $14,011.21
Explanation:
Giving the following information:
Annual deposit= $1,200 (beginning)
Number of periods= 20 years
Interest rate= 6%
To calculate the total future value, we need to use the following formula on each deposit:
FV= [PV*(1+i)^n]
FV1= [1,200*(1.06^20)]
FV1= 3,848.56
FV2= [1,200*(1.06^16)]
FV2= 3,048.42
FV3= [1,200*(1.06^12)]
FV3= 2,414.64
FV4= [1,200*(1.06^8)]
FV4= 1,912.62
FV5= [1,200*(1.06^4)]
FV5= 1,514.97
FV6= [1,200*1.06]
FV6= 1,272
Total FV= $14,011.21
Kim, Chris, and Beth are all partners in a cosmetics firm. Kim is leaving the partnership and wants to sell her shares of the business, including the property owned by the partnership, to Chris and Beth. The remaining partners are not interested in buying Kim’s interests. Kim has been unable to find a buyer for her share of the partnership. She has now resorted to asking the court to either sell her shares or sell the entire property. What form of concurrent ownership applies?a. Partition Law Suitb. Tenants in Commonc. Joint Tenancyd. Separate Ownership
Answer: Joint Tenancy
Explanation:
Based on the information that is given in the question, the form of concurrent ownership that applies is the joint tenancy.
Joint tenancy occurs when two or more individuals own thesame property. As a result, the joint tenants that is, the individuals who own the property share an equal ownership and also have equal right on the property.
Select the true statement about the relationship between law, ethics, and business.
a. People generally have similar opinions on what actions or conduct are called moral, and the marketplace rewards businesses that conduct themselves in such a manner.
b. Each person has a different definition of what is moral or ethical, so it is not possible for businesses to know what qualifies as ethical conduct.
c. The marketplace is generally unconcerned with whether or not businesses conduct themselves morally, since morality is difficult to define.
d. Since morals and ethics are not objective and cannot be specifically measured, the relationship between the value of a business and its ethical conduct is murky at best.
Answer:
A
Explanation:
Wilma Robles is a District Operations Coordinator. When she visits one of her offices she finds that the office has three open boxes of Emerald Cards. Each of the three Tax Pros has a complete box and log sheet at their desk. Two of the three open boxes do not reconcile when she tries to count cards and entries on the log sheets. What should Wilma do to bring the office in compliance with policies and procedures
The options are:
A.) Wilma should ignore the findings and let the practice continue.
B.) Wilma should report the findings to Incident Management for follow-up on the missing cards.
C.) Wilma should train the associates in the office on the proper distribution policy for Emerald Cards.
D.) Both B. and C.
Answer:
D.) Both B. and C.
Explanation:
Incidence management is defined as the process by which an organisation identifies, analysis and rectifies events that leads to disruption not their business processes.
These adverse effects that prevent a business from working efficiently or being productive are called incidence events.
Most organisations have a department that specialise in analysing and preventing occurrence of these events.
In the given scenario Wilma observed two of the three open boxes do not reconcile when she tries to count cards and entries on the log sheets. This is an incidence event.
First she has to report the event to the incidence management team so they can follow up on the missing cards and also set up a process to prevent future occurrence.
Since this event could also be as a result of inadequate training on process, Wilma should also train the associates in the office on the proper distribution policy for Emerald Cards.
This will reduce such events in the department going forward
During the year, Bright Corporation applied factory overhead costs of $330,000 to production. At the end of the year, total overapplied factory overhead is $13,000. What was the amount of actual factory overhead cost incurred during the year
Answer:
$317,000 = actual overhead
Explanation:
Giving the following information:
Applied overhead= $330,000
Overapplied overhead= $13,000
To calculate the actual overhead, we need to use the following formula:
Under/over applied overhead= real overhead - allocated overhead
-13,000 = real overhead - 330,000
$317,000 = real overhead
If you had purchased 10 shares of GoPro at the IPO (Initial Public Offering) on June 26, 2014 at 31.34, you would have spent _________________.
If you were more of a “gambler” than an “investor”, and you saw the market shoot up for GoPro and hit 86.97 just 3 months later and decided to SELL, you would have recognized a capital gain of __________________.
This would have resulted in a YIELD of ___________%.
Let’s say you hung on to your 10 shares of GoPro, believing that it would get even better. Today it is listed at 4.42. If you were to sell, you would recognize a loss of ________________.
This would result in a YIELD of _________%.
The average annual yield for 5.5 years would then be __________%.
Look up GoPro today. GoPro currently trading at _____________
Answer:
If you had purchased 10 shares of GoPro at the IPO (Initial Public Offering) on June 26, 2014 at 31.34, you would have spent $313.40.
If you were more of a “gambler” than an “investor”, and you saw the market shoot up for GoPro and hit 86.97 just 3 months later and decided to SELL, you would have recognized a capital gain of $869.70 - $313.40 = $556.30.
This would have resulted in a YIELD of ($556.30 / $313.40) x 100 = 177.5%.
Let’s say you hung on to your 10 shares of GoPro, believing that it would get even better. Today it is listed at 4.42. If you were to sell, you would recognize a loss of $44.20 - $313.40 = -$269.20.
This would result in a YIELD of (-$269.20 / $313.40) x 100 = -85.9%.
The average annual yield for 5.5 years would then be -12%.
Look up GoPro today. GoPro currently trading at $8.63 (January 7, 2021).
Explanation:
1 + 0.859 = (1 + r)⁵°⁵
⁵°⁵√1.859 = ⁵°⁵√(1 + r)⁵°⁵
1.12 = 1 + r
r = -0.12 (since the yield was negative, r must be negative)
Where should a user store frequently used icons on a computer?
Answer: they should be loaded on the tool bar
Explanation:
for quick and easy access
Adama Company incurred the following costs.Indicate to which account Adama would debit each of the costs.1. Sales tax on factory machinery purchased$ 5,000 Select the account to be debitedEquipmentPrepaid InsuranceBuildingLandLand Improvements2. Painting of and lettering on truck immediately upon purchase700 Select the account to be debitedLandPrepaid InsuranceEquipmentBuildingLand Improvements3. Installation and testing of factory machinery2,000 Select the account to be debitedPrepaid InsuranceBuildingLandEquipmentLand Improvements4. Real estate broker’s commission on land purchased3,500 Select the account to be debitedLandLand ImprovementsPrepaid InsuranceBuildingEquipment5. Insurance premium paid for first year’s insurance on new truck880 Select the account to be debitedLandEquipmentPrepaid InsuranceLand ImprovementsBuilding6. Cost of landscaping on property purchased7,200 Select the account to be debitedEquipmentLand ImprovementsLandBuildingPrepaid Insurance7. Cost of paving parking lot for new building constructed17,900 Select the account to be debitedLand ImprovementsLandBuildingPrepaid InsuranceEquipment8. Cost of clearing, draining, and filling land13,300 Select the account to be debitedPrepaid InsuranceLandLand ImprovementsBuildingEquipment9. Architect’s fees on self-constructed building10,000
Answer:
1. Sales tax on factory machinery purchased - $5,000
Account to be debited: Equipment
2. Painting of and lettering on truck immediately upon purchase - $700
Account to be debited: Equipment
3. Installation and testing of factory machinery - $2,000
Account to be debited: Equipment
4. Real estate broker’s commission on land purchased - $3,500
Account to be debited: Land
5. Insurance premium paid for first year’s insurance on new truck - $880
Account to be debited: Prepaid Insurance
6. Cost of landscaping on property purchased - $7,200
Account to be debited: Land Improvements
7. Cost of paving parking lot for new building constructed - $17,900
Account to be debited: Land Improvements
8. Cost of clearing, draining, and filling land - $13,300
Account to be debited: Land
9. Architect’s fees on self-constructed building - $10,000
Account to be debited: Buildings
Which of the following investors would likely prefer a cash dividend over a stock dividend?
a. Layton prefers when companies let him decide how to benefit from his dividends.
b. Kylie is a high-income earner and prefers to avoid additional taxes this year.
c. Harriett is more focused on long-term outcomes than short-term ones when it comes to investing.
d. Enrique subscribes to the "bird in the hand"theory when it comes to dividends.
Answer:
d. Enrique subscribes to the "bird in the hand "theory when it comes to dividends
Explanation:
Cash that is ready to use is better than having other assets that need to be converted into cash to be enjoyed later. This is the simple explanation of the "bird in the hand" theory. An investor who subscribes to this theory will highly likely prefer a cash dividend over a stock dividend.
Assume that a company announces unexpectedly high earnings in a particular quarter. In an efficient market one might expect _____________.
a. an abnormal price change immediately after the announcement
b. an abnormal price increase immediately before the announcement
c. an abnormal price decrease immediately after the announcement
d. no abnormal price change immediately before or after the announcement
Answer: a. an abnormal price change immediately after the announcement
Explanation:
In an efficient market, information is disseminated to participants at the same time which means that there isn't a chance for arbitrage. In such a market therefore, the prices of shares will reflect the information in the market.
In the above scenario, if the company shares such news, the share price of the company will react by changing in an abnormal way in other to match this unexpected news.
Palmer Corp. is considering the purchase of a new piece of equipment. The cost savings from the equipment would result in an annual increase in net income after tax of $105,000. The equipment will have an initial cost of $473,000 and have a 10 year life. If the salvage value of the equipment is estimated to be $84,000, what is the payback period?A. 10.00 yearsB. 5.25 yearsC. 4.50 yearsD. 3.29 years
Answer:
D. 3.29 years
Explanation:
Payback period = Initial cost / (An annual increase in net income after tax + Depreciation per year )
Payback period = $473,000 / [$105,000 + ($473,000-$84,000)/10]
Payback period = $473,000 / [$105,000+$38,900
Payback period = $473,000 / $143,900
Payback period = 3.28700
Payback period = 3.29 years
Ready Ride is a trucking company. It provides local, short-haul, and long-haul services. It has developed the following three cost pools.
Activity Cost Pool Cost Drivers Estimated Overhead Expected Use of Cost
Driver per Activity
Loading and unloading Number of pieces $97,000 91,500
Travel Miles driven 467,000 585,000
Logistics Hours 62,000 3,150
Compute the activity-based overhead rates for each pool. (Round answers to 2 decimal places, e.g. 12.75.)
Determine the overhead allocated to Job XZ3275 which has 150 pieces, requires 200 miles of driving, and 0.75 hours of logistics. (Round answer to 2 decimal places, e.g. 12.75.)
Answer:
Part 1
Calculation of activity-based overhead rates
Cost of Each Activity = Cost of Activity ÷ Number of times that Activity is performed
Loading and unloading = $97,000 ÷ 91,500
= $1.06 per piece
Travel = $467,000 ÷ 585,000
= $0.80 per mile
Logistics = $62,000 ÷ 3,150
= $19,68
Part 2
Overhead allocation to Job XZ3275
Loading and unloading (150 × $1.06) = $159.00
Travel ($0.80 × 200) = $160.00
Logistics ($19,68 × 0.75) = $14.76
Total Overheads = $333.76
Select one reason a company's capital structure may include more equity than debt.
a. Relying too heavily on debt can increase the interest rate that a company must pay on its debt.
b. Taking on more equity means that a company will be more leveraged.
c. Equity has significant tax advantages that debt does not.
d. Too much debt will decrease a company's volatility.
Answer:
a. Relying too heavily on debt can increase the interest rate that a company must pay on its debt.
Explanation:
It is to avoid the financial risk that comes with debt. Financial risk is the risk of default in payment of Interest charges that comes with debt instruments. This is because debt instruments carry a financial obligation to pay Interest whether or not the company is performing well
Select one reason a company's capital structure may include more equity than debt.
Relying too heavily on debt can increase the interest rate that a company must pay on its debt. CORRECT
Taking on more equity means that a company will be more leveraged. INCORRECT
Equity has significant tax advantages that debt does not. INCORRECT, as equity doesn't have any tax advantages
Too much debt will decrease a company's volatility. INCORRECT
How the big crunch happen according to the steffen hawking?
Answer:
Before he passed away in March, theoretical physicist Stephen Hawking had published more than 230 articles on the birth of the universe, black holes and quantum mechanics. It turns out he had one more theory left in the locker.
On Wednesday, the Journal of High Energy Physics published the British scientist's final thoughts on the Big Bang, the leading theory for how the universe began. The new report, co-authored by Belgian physicist Thomas Hertog, counters the longstanding idea that the universe will expand for eternity. Instead, the authors argue the Big Bang had a finite boundary, defined by string theory and holograms.
Investment X offers to pay you $3,400 per year for nine years,whereas Investment X offers to pay you $5,400 per year five years. Which of these cash flow streams has the higher present value if the discount rate is 6 percent? If the discount rate is 22 percent?
Answer:
At 6% ; $3400 has higher present value.
At 22% ; $5400 has higher present value
Explanation:
Using the PVA formula:
PVA = C({1 - [1 / (1 + r)^t]} / r )
Where ;
C = cashflow ; r = rate ; t = time
PVA of 3400 for 9 years at 6% = 0.06
PVA = 3400({1 - [1 / (1+ 0.06)^9]} / 0.06)
PVA = 3400([1 -[ 1 / 1.06^9]) / 0.06
PVA = 3400(0.4081015 / 0.06)
PVA = 3400(6.8016922)
PVA = 23125.753
PVA of 5400 for 5 years at 6%
PVA = 5400({1 - [1 / (1+ 0.06)^5]} / 0.06)
PVA = 5400([1 - [ 1 / 1.06^5]) / 0.06
PVA = 5400(0.2527418 / 0.06)
PVA = 5400(4.2123637)
PVA = 22746.764
B.)
PVA of 3400 for 9 years at 22% = 0.22
PVA = 3400({1 - [1 / (1+ 0.22)^9]} / 0.22)
PVA = 3400[1 -[ 1 / 1.22^9]) / 0.22)
PVA = 3400 (0.8329826 / 0.22)
PVA = 3400(3.7862848)
PVA = 12873.368
PVA of 5400 for 5 years at 22% = 0.22
PVA = 5400({1 - [1 / (1+ 0.22)^5]} / 0.22)
PVA = 5400([1 - [ 1 / 1.22^5]) / 0.22
PVA = 5400 (0.6300007 / 0.22)
PVA = 5400 (2.8636397)
PVA = 15463.654
Determine if the numerical value describes a parameter or a statistic.
A recent poll of 1887 corporate executives showed that the average price of their cars is $44,200.
Answer:
Sample Statistic
Explanation:
The given statement is "A recent poll of 1887 corporate executives showed that the average price of their cars is $44,200".
We need to determine if the numerical value describes a parameter or a statistic.
The average price of their cars is $44,200. It is a sample point of the data. It shows only an attribute of car. Hence, the numerical value describes a statistic.
Sunland Company is a merchandising firm. Last year the company reported sales of $676000 and cost of goods sold of $404600. The company's total variable selling and administrative expense was $60800, and fixed selling and administrative expense was $54020. The total fixed costs for the firm are
Answer:
$54,020
Explanation:
Total fixed costs = Fixed selling and administrative expenses
Total fixed costs = $54,020
Thus, the total fixed costs for the firm is $54,020
Last year, Bailey bought a bond for $1,000 that promises to pay $110 a year. This year, a person who buys a bond for $1,000 receives $125 a year. If Bailey were to sell his (old) bond, its price would be approximately:__________.a. $880.b. $1,125.c. $1,136.d. $1,110.
Answer:
a. $880.
Explanation:
Bailey bought a bond for $1,000 that promises to pay $110 a year.
The interest rate was 110/1000 * 100 = 11%
This year, $1,000 receives $125 a year= 125/1000 * 100 = 12.5%. So, this year the interest rate now rises to 12.5%.
If Bailey were to sell his (old) bond, the price should be 110/12.5% = 110/0.125 = $880.
Howrley-David, Inc., manufactures two models of motorcycles: the Fatboy and the Screamer. Both models are assembled in the same plant and require the same assembling operations. The difference between the models is the cost of materials. The following data are available for August:
Fatboy Screamer Total
Number of units assembled 2,000 4,000 6,000
Materials cost per unit $ 2,000 $ 3,000
Other costs:
Direct labor $ 6,000,000
Indirect materials 1,800,000
Other overhead 4,200,000
Required:
Howrled-David uses operations costing and assigns conversion costs based on the number of units assembled. Compute the cost of each model assembled in August.
fatboy screamer total
operation cost
materials cost
total cost
number of units
unit cost
Answer:
Fatboy Screamer Total
Direct labor . $ 2,000,000 $ 4,000,000 $ 6,000,000
Indirect materials . $600,000 $1,200,000 $1,800,000
Other overhead . $1,400,000 $2,800,000 $4,200,000
Materials cost . $4,000,000 $12,000,000 $16,000,000
Total cost . $8,000,000 $20,000,000 $28,000,000
Number of units . 2,000 4,000 6,000
Unit cost . $4,000 $5,000 $4,667
Explanation:
Assign the Material Cost to the Products appropriately. The conversion costs musts be allocated based on the number of units assembled. Conversion costs is the sum of Direct Labor and Manufacturing Overheads (Indirect Costs).
Larry comes to your office to file his 2020 tax return and tells you that he never received an Economic Impact Payment (EIP) during 2020. It appears that he should have qualified. You assist Larry in checking the Get My Payment tool at www.irs.gov, where it says that a payment was deposited to a bank account that Larry states is not his. Larry will need to:
Incomplete question. The options:
a. File his 2020 tax return, including the EIP on Form 1040, line 30, and wait for the IRS to fix the mistake.
b. File Form 14039, Identity Theft Affidavit, with the IRS.
c. Contact the Farm Housing Administration.
d. Contact the bank that received the deposit and ask them to redirect the funds to him.
Answer:
a. File his 2020 tax return, including the EIP on Form 1040, line 30, and wait for the IRS to fix the mistake.
Explanation:
True. According to the information found on the IRS website concerning those who were eligible but didn't receive the Economic Impact Payment (EIP) during 2020, they are to fill the 2020 Form 1040 alongside submitting their tax returns for the year 2020.
Hence, Larry simply needs to file his 2020 tax return, including the EIP on Form 1040, line 30, and wait for the IRS to fix the mistake.
When President Obama proposed increasing the minimum wage, he argued that a minimum-wage worker today should earn the same amount of money in real terms as a minimum-wage worker in 1979. But why pick 1979
Answer:
The Minimum Wage Used To Be Enough To Keep Workers Out Of Poverty in 1979.
Explanation:
Answer:
the question is incomplete:
When President Obama proposed increasing the minimum wage, he argued that a minimum-wage worker today should earn the same amount of money in real terms as a minimum-wage worker in 1979. But why pick 1979? Why not go back to 1938, the first year of the minimum wage? Why not 1999? For each of the years listed below, calculate what the minimum wage would be today if it had kept up with inflation since that year. Today, the minimum wage is $7.25 and the consumer price index (CPI) is 256. (Round your answer to two decimal places.)
Year Minimum wage CPI Wage today adjusted for inflation
1938 $0.25 14 $4.57
1979 $2.90 69 $10.76
1999 $3.80 127 $7.68
$1 in 1938 is equivalent to 256/14 = $18.29 today
so $0.25 is equivalent to $18.29 x 0.25 = $4.57
$1 in 1979 is equivalent to 256/69 = $3.71 today
so $2.90 is equivalent to $3.71 x 2.90 = $10.76
$1 in 1999 is equivalent to 256/127 = $2.02 today
so $3.80 is equivalent to $2.02 x 3.80 = $7.68
Financing, market research, risk-taking, and other services are considered to be ________ functions.
Answer:
Facilitating functions
Explanation:
Facilitating functions are those in a business activity that helps make the exchange and physical processes run smoothly.
They do not involve direct exchange of title of products or physical handing of goods.
For example the activities of marketers of a product results in easy sale of the product by the manufacturer.
Also activities like financing, market research, and risk taking are all facilitating activities that make a business run smoother
What are the global implications for the product or service you are marketing? What are the global implications of your marketing strategy and recommendations? “Rockstar video games”
Answer:
The global implications for the product or service you are marketing is explained below in complete details.
Explanation:
The principal involvement of a marketing maneuvering is the familiarization approaching gathering customer requirements that appears in enhanced customer fulfillment and satisfaction. ... Such a marketing maneuvering is intended to achieve and to grow new customers as you develop a more agreeable character.
Innovative entrepreneurs and their business firms that destroy existing business models are referred to as ________.A) crowdfundersB) venture capitalistsC) disruptorsD) angel investors
Answer: C) disruptors
Explanation:
Disruptors as the term implies, tend to disrupt the normal way of doing things by creating new and more efficient methods of production that will usurp the dominance of those are the top such that they eventually take over the industry.
In coming up with new ways of doing things, these disruptors are innovators and they are usually entrepreneurs who are not weighed down by the belief that the industry should work in a certain way and so they are more open to coming up with these new ideas that are so disruptive.
Write 2-3 short paragraphs about the marketing message you will use and why you chose this message. Why does it appeal to your target market
Explanation:
A marketing message that is highly regarded in today's world, is one that manages to demonstrate business values in the form of procedures, products and services that contain added value in addition to the purely profitable.
As an example that would write a marketing message about a new clothing brand, it would include information that demonstrates that the manufacturing process and raw materials used in making the clothing is sustainable and has a low impact on the environment.
This is a strategy that increases the perception of stakeholders in relation to products, a brand that actually has parameters of sustainability in its processes can demonstrate them through its marketing messages to create value and greater reliability in the brand, being a great differential for consumers.
The independent variable in the Contingency school of leadership is: a. Maturity of the followers b. Clarity of the task c. Time horizon d. Organizational support for the leader e. b), c), and d) Only
Answer:
a. Maturity of the followers b. Clarity of the task d. Organizational support for the leader
Explanation:
This approach was birthed by Fred Fiedler in 1958 in his research of leader effectiveness in group situations. According to him a leader need not remain fixed in his skills and styles of leadership given that situations change and require a different style and approach to deal with them. He therefore elucidated that an effective leader based on the contingency theory of leadership approach matches his style and skill to the situation or problem at hand. The factors this leader pays attention may invariably alter his style of leadership hence. Factors include : followers, organizational support, leader, and environment