Answers
The gross profit for the Southern Division is $120,000.
What Are Accounting Records?Accounting records are all the documents and logbooks that are used to produce financial statements or the records required for audits and financial evaluations. Accounting records consist of assets, liabilities, cash transactions, ledgers, journals, and any other paper work, such as checks and invoices.
We need to find gross profit of Southern Division
The information provided for Southern Division are as follows:
Cost of goods sold = $175000
Direct Operating Expenses = $115000
Net income= $410000
Calculation of Gross Profit of Southern Division:
Net Sales: $410,000
Less:
Cost of goods sold $(175,000)
Direct Operating Expenses $(115,000)
Gross Profit: $120,000
Thus, The gross profit for the Southern Division is $120,000.
To know more about Net income visit:
https://brainly.com/question/15570931
#SPJ4
Complete question:
Related Questions
A group of employees who assume collective responsibility for organizing, controlling and supervising their own work activities
Answers
A group of employees who assume collective responsibility for organizing, controlling and supervising their own work activities is known as Competitive advantage.
What do you mean by an advantage over the competition?Any benefit that gives a business an edge over rivals, enabling it to gain more clients and expand its market share, is referred to as a competitive advantage. Three main types of a competitive advantage exist: Having the ability to produce goods or render services at a lower price than rivals.
What exactly is a competitive advantage, and why is it significant?An organization's ability to outperform rivals in the eyes of customers is known as a competitive advantage. With the help of these advantages, a business can attain and maintain stronger profitability, a better growth trajectory, or higher levels of customer loyalty. As a "protective moat," a competitive advantage is frequently referred to.
To know more about competitive advantage visit:
https://brainly.com/question/15095207
#SPJ4
Assess the interests of stakeholders in businesses being good corporate citizens.
Answers
Answer:
Companies today are being called upon by their shareholders and other stakeholders to not only boost the bottom line, but also to help address some of the country’s most challenging problems, including those concerning economic development and the environment. While opinions differ on how responsibility should be allocated across the public and private sectors, corporate stakeholders (which typically include shareholders, employees, customers, suppliers, communities, governments and regulators) are demanding that companies recognize a broader scope of responsibility in addressing those problems. As a result, companies are increasingly working with stakeholders to understand their views and concerns on various environmental, social, corporate governance and economic issues (such issues often referred to as corporate social responsibility (“CSR”) issues) and to incorporate and address those views and concerns in the company’s strategic decision-making processes.
angela owns a software company with 10 employees. because she is not sure whether an 11th employee would improve her economic surplus, she hires another employee and notices that her total costs have increased by $1,250 and her total revenue has increased by $1,000. which of these would be the best course of action for angela?
Answers
Let the 11th employee go, or do not replace the next employee who quits.
What is economic surplus?Economic surplus refers to the respective gains that a consumer or producer gets within an economic activity and is the combined benefit, sometimes referred to as "total welfare." It can also be referred to as total surplus or community surplus as well. This economic metric is used to evaluate wellness in the markets. When a consumer scores an item for less than they'd be willing to pay, the consumer is getting a surplus. When a producer sells a good for more than the minimum price they're willing to sell at, the producer is getting a surplus. Economic surplus follows the rules of supply and demand. Businesses generally want to earn as much profits as possible without alienating customers, while consumers typically want to feel as though they're scoring a deal.When the supply and demand of consumers and producers are in good shape, the market is in what is called "equilibrium" — or allocative efficiency.
To learn more about Economic surplus refer to:
https://brainly.com/question/26272997
#SPJ4
Based on the information provided, it appears that hiring an additional employee has not increased Angela's economic surplus.
What are the potential course of action for Angela?Re-evaluate the new employee's performance: It's possible that the new employee is not performing as expected, and that is why the costs have increased while revenue has remained the same. Angela should evaluate the employee's performance and determine whether there are any areas that need improvement.Re-evaluate the business strategy: Angela should consider if the revenue increase is due to the new employee or other factors, and if the new employee is not the cause of the increase it's better for Angela to reassess her business strategy.Let the new employee go: Given that the new employee has not increased Angela's economic surplus, it may be in her best interest to let the employee go and focus on other cost-saving measures.Monitor the situation: Angela should keep an eye on her costs and revenue for the next few months to see if the situation improves. If not, then she should take further action.Additional cost-saving measures: Angela can explore other cost-saving measures such as reducing expenses, automating some tasks or looking for ways to increase revenue.In summary, Angela should re-evaluate the new employee's performance, re-evaluate her business strategy, monitor the situation, and consider other cost-saving measures. She should also consider the long-term potential benefits of hiring an additional employee and weigh them against the short-term costsTo learn more about potential course refer:
brainly.com/question/9119234
#SPJ4
to raise money for a new sport in their city (field hockey), the chamber of commerce sponsors a race. each participant will pay a $5 entrance fee and has a chance to win one of the different sized trophies to the first eight runners who finish.
Answers
The chamber of commerce could also offer sponsorships for the race, which would help to raise additional funds for the new sport.
Participants would pay a $5 entrance fee, and the first eight runners to finish would receive a trophy of varying sizes. The chamber of commerce could also offer additional incentives, such as t-shirts or other prizes, to encourage more people to participate. Additionally, the chamber of commerce could reach out to local businesses to sponsor the event, which would help to cover the cost of the trophies and other expenses. A chamber of commerce, or chamber of trade, is a form of business network. For illustration, a original association of businesses whose thing is to foster the interests of businesses. Business possessors in municipalities and metropolises form these original societies to advocate on behalf of the business community. Original businesses are members, and they handpick a board of directors or administrative council to set policy for the chamber. The board or council also hires a President, CEO, or Administrative Director, plus staffing applicable to size, to run the association.
Learn more about sponsorships here:
https://brainly.com/question/4821886
#SPJ4
What two genres of photography can war photography often bridge the gap between?
A. documentary photography and photojournalism
B. pictorialism and editorial photojournalism
C. tonalism and pictorialism
D. spot news photography and photojournalism
Answers
Answer:
A. Documentary photography and photojournalism
The two genres of photography can war photography often bridge the gap between the documentary photography and photojournalism. The correct option is (A).
What do you mean by documentary photography?Documentary photography is a type of photography that depicts people, places, objects, and events in a straightforward and accurate manner, and is frequently used in news reporting.
Documentary photography is a popular type of photography that is used to chronicle events or environments that are significant and relevant to history, historical events, and everyday life.
"Documentary photography" usually focuses on a continuing issue (or story) that is told through a series of photographs.
Therefore, the two genres of photography can war photography often bridge the gap between the documentary photography and photojournalism.
To know more about the documentary photography, visit:
https://brainly.com/question/1542856
#SPJ2
New technology has helped advertisers to _____.
Answers
New technology has helped advertisers to target specific audiences more effectively, create more engaging and interactive ads, measure the success of campaigns, and optimize their ad budget.
Technology, or as it is sometimes referred to, the modification and manipulation of the human environment, is the application of scientific knowledge to the practical goals of human life. Along with devices (like computers), it also involves methods and procedures (like the way we produce computer chips). Although the majority of contemporary technology is electronic, this does not mean that all technology is.
To know more about technology here
https://brainly.com/question/11974383
#SPJ4
suppose a perfectly competitive firm can increase its profits by increasing its output. then it must true that the firm's: group of answer choices price exceeds its marginal revenue price exceeds its marginal cost marginal revenue is less than its marginal cost price exceeds its fixed cost
Answers
The concept is Perfect Competition, a theoretical market structure in which all suppliers are equal. The answer is, marginal revenue exceeds its marginal cost.
Perfect competition is an economics term that refers to the theoretical request structure in which all suppliers are equal and overall force and demand are in balance.
The three introductory characteristics of perfect competition are
1) no establishment has a significant request share,
2) artificial product is formalized, and
3) there's free entry and exit.
Effective request equilibrium under perfect competition occurs when borderline profit equals borderline cost. In profitable proposition, perfect competition exists when all enterprises vend identical products, request shares don't affect price, enterprises can enter or exit without walls, buyers have perfect or complete information, and enterprises can not set prices.
To know more about Perfect Competition,
brainly.com/question/8753703
#SPJ4
The Lee Corporation is a sales-oriented firm that focuses on high sales. It does not take into account the customerâs wants and needs, and instead concentrates on manufacturing products that will reap high profits. This attitude might lead to the firmâs missing business opportunities because _______. a. its focus on manufacturing specific products may not meet customer needs and wants b. it focuses on providing value and benefits to its customers instead of meeting company objectives c. it emphasizes enhancing individualsâ and societyâs long-term best interests d. it concentrates on relationship building, empowerment, and teamwork
Answers
The Lee Corporation is a sales-oriented firm that focuses on high sales. It does not take into account the customerâs wants and needs, and instead concentrates on manufacturing products that will reap high profits. This attitude might lead to the firmâs missing business opportunities because
b. it focuses on providing value and benefits to its customers instead of meeting company objectives
When a company concentrates on its internal capabilities rather than its customers' wants and needs?A production orientation is a perspective that focuses on the firm's internal capabilities rather than the marketplace's wishes and requirements.
A market-oriented corporation thinks that its success is determined by its customers and the level of happiness they get, rather than by an aggressive sales staff. It is based on the notion that the client is the most important aspect in a company's performance and that the sale is dependent on their decision to acquire the goods.
learn more about market-oriented corporation
https://brainly.com/question/30320556
#SPJ4
You can work 8 hours today. Based on the information below about your current work, rank order the activities you will complete today.
Answers
The tasks that must be finished are listed in the following order:
continuing project worklook at the client's complaintFinished online trainingTeam meeting attendanceThe events should be in what order?
The events must be arranged from the entire question (see attached) in the following order: priorities, time, then impact.
Using the highlights from above, the events with the highest priorities are:
1 and 2 events
The occasions that last the longest are:
1 and 2 events
Events 3 and 4 are given higher emphasis.
Thus, the following is the order.
1, 2, 4 and 3
Learn more about Events and order from the given link.
https://brainly.com/question/27624441
#SPJ1
According to the text, what factors contribute to a manager's effectiveness?
Answers
In order to connect with, inspire, and positively impact employees' behavior, managers must focus on human factors, which supports both short- and long-term company success.
What is a manager?A manager is someone who oversees a particular department within a company, or "manages" the company as a whole. The manager of a department may have control over the workers in that division. There may be times when the manager is in charge of the entire business. A manager is someone whose main job function is management. They should be able to hire, fire, discipline, assess performance, and keep attendance records. They also need to have the power to approve overtime and vacations. Team managers or supervisory managers are responsible for overseeing subgroups within a certain role. They could also be in control of a team that includes personnel from several business divisions.
To learn more about manager, visit:
https://brainly.com/question/28444311
#SPJ4
when the value of the mexican peso declines relative to another currency, the exchange rate for the peso has
Answers
When the value of the Mexican peso declines relative to another currency, the exchange rate for the peso has weakened. This means that it takes more Mexican pesos to purchase the same amount of the other currency.
For example, if the exchange rate for the Mexican peso is 10 pesos to 1 US dollar, and the value of the peso declines, it may take 11 pesos to purchase 1 US dollar. This means that the exchange rate for the peso has weakened, as it now takes more pesos to purchase the same amount of the other currency. Additionally, when the value of the Mexican peso declines relative to another currency, it can have a negative impact on the Mexican economy. This is because a weaker exchange rate makes Mexican exports more expensive for foreign buyers, which can lead to a decrease in demand for Mexican goods and services. Furthermore, a weaker exchange rate can also make it more expensive for Mexicans to purchase foreign goods and services, which can lead to a decrease in consumer spending. Therefore, it is important for the Mexican government to take steps to ensure that the value of the peso remains stable in order to protect the Mexican economy.
Learn more about Mexican peso here
https://brainly.com/question/29998810
#SPJ4
buyco, inc., holds 20 percent of the outstanding shares of marqueen company and appropriately applies the equity method of accounting. excess cost amortization (related to a patent) associated with this investment amounts to $11,900 per year. for 2020, marqueen reported earnings of $117,000 and declares cash dividends of $34,000. during that year, marqueen acquired inventory for $48,000, which it then sold to buyco for $80,000. at the end of 2020, buyco continued to hold merchandise with a transfer price of $33,000. What Equity in Investee Income should BuyCo report for 2020?
How will the intra-entity transfer affect BuyCo’s reporting in 2021?
If BuyCo had sold the inventory to Marqueen, would the answers to (a) and (b) have changed?
Answers
The Equity in Investee Income should BuyCo report for 2020 is $12,000
What is equity income investee?Equity income usually refers to earnings from stock dividends, which are cash sums that corporations pay to their shareholders as a reward for holding their stock. Consequently, equity income investments are those that are known to distribute dividends. Interest payments, dividends, capital gains from the sale of stocks or other assets, and any other profit from a different sort of investment are all considered to be forms of investment income. Your investment's income, such as interest or dividends from stocks you own or interest from a bank,Calculation for What Equity in Investee Income should BuyCo report for 2020
Equity income accrual $25,000
($100,000 × 25%)
Less: deferral of intra-entity unrealized gross profit ($3,000)
Less: Patent amortization ($10,000)
Equity in investee income $12,000
Calculation for Intra-entity unrealized gross profit
Profit within remaining inventory $12,000
× Ownership percentage 25%
Intra-entity unrealized gross profit 3,000
($12,000*25%)
Therefore Equity in Investee Income should BuyCo report for 2020 is $12,000
To learn more about income investee refer to:
https://brainly.com/question/24173788
#SPJ4
mortgage fraud occurs when someone deliberately falsifies information to obtain mortgage financing that would not have been granted otherwise. which of the following scenarios is definitely not mortgage fraud?
Answers
You are working on a house under contract with a husband and wife. Hustle Gym's president, the wife's income is more than sufficient for him to be approved for the loan on his own, plus she has excellent credit.
The woman has numerous educational loans that are in repayment as well as some medical difficulties from before they were married. She has bad credit and works part-time at the Meow and Bark Veterinary Clinic. Your wife won't be on the loan, the mortgage broker calls to inform you.
What negative effects might mortgage fraud have?Anyone convicted of mortgage fraud will face serious consequences, including jail time, fines, and restitution. Foreclosure fraud and other sorts of real estate Fraud is typically a "wobbler" in California.
To know more about income visit:-
https://brainly.com/question/14732695
#SPJ4
ransaction analysis involves which of the following? (select all that apply.) multiple select question. identifying the accounts to be debited and credited. closing the temporary accounts. posting the entry to the general ledger. identifying the elements involved in the transaction.
Answers
The correct response is a,c. Identifying the elements involved in the transaction. determining the accounts that will be credited and debited.
A completed transaction is an agreement between a buyer and a seller to trade goods, services, or financial assets in exchange for cash. Furthermore, corporate accounting frequently makes use of the phrase. This simple definition can become complicated in corporate bookkeeping. Whether a business utilizes accrual accounting or cash accounting will determine when a transaction is recorded. A sale is a straightforward business transaction involving a buyer and a seller. Person A gives Payment B to Person B as payment for a good or service. The exchange of the product or service for cash, after the acceptance of all terms, completes the transaction. In the accounting industry, transactions may be more complicated.
Learn more about transaction here
https://brainly.com/question/1016861
#SPJ4
career opportunities in is are . question 8 options: strong and are projected to remain strong for the next 10 years strong but are projected to stagnate or even decrease over the next 10 years weak but are projected to strengthen over the next 10 years weak and are projected to remain weak for the next 10 years
Answers
Career opportunities in IS are strong and are projected to remain strong for the next 10 years.
A combination of hardware, software, and communication networks make up an information system, which is used to gather meaningful data, particularly within an organization. Information technology is used by many firms to carry out and manage operations, engage with customers, and outperform rivals. Some businesses today are entirely supported by information technology.
Over the centuries, when significant new tools for capturing and processing information were developed, new abilities emerged and individuals gained power. Examples include Blaise Pascal's invention of the mechanical calculator in the 17th century and Johannes Gutenberg's invention of the printing press in the middle of the 15th century. The capacity to store, process, transmit, and access information and knowledge underwent a significant transformation as a result of these inventions. This in turn sparked even more profound changes in people's daily lives, corporate structures, and political systems.
To know more about Career opportunities click here,
https://brainly.com/question/2365394
#SPJ4
Jeremy issues 5,000 shares of common stock for $10 per share. Which of the following accounts are affected?
(Select all that apply)
Notes payable
Common stock
Revenue
Cash
Answers
Common Stock and Cash. The Notes Payable and Revenue accounts are not affected because this is not a loan or a sale of goods or services.
Notes Payable is an account that records the amount of money owed to a lender or creditor. Common Stock is an account that records the amount of stock issued by a company. Revenue is an account that records the amount of money earned from the sale of goods or services. Cash is an account that records the amount of money held in a company's bank accounts. Notes Payable is an account that records the amount of money owed to a lender or creditor. This account is typically used to record loans taken out by a company. Common Stock is an account that records the amount of stock issued by a company. This account is typically used to record the amount of stock issued to investors. Revenue is an account that records the amount of money earned from the sale of goods or services. This account is typically used to record the income generated by a company. Cash is an account that records the amount of money held in a company's bank accounts. This account is typically used to record the amount of money available to a company for use in operations.
Learn more about Common Stock here
https://brainly.com/question/13762106
#SPJ4
in what kind of economy does the state own all means of production? group of answer choices mixed economy planned economy market economy totalitarian economy
Answers
Totalitarian economy is one of economy form that the state own all means of production. Totalitarian means that government is the central.
In economic, Totalitarianism generally can be defined as a form of government that attempts to assert total control over the lives of its citizens. In the economic market, Totalitarian economy generally can be defined as one of economy form that the state own all means of production. Totalitarian economy has a character as a strong central rule that attempts to control and direct all aspects of individual life through coercion and repression.
Here you can learn more about Totalitarian economy https://brainly.com/question/9494923
#SPJ4
examples of the types of derivatives contracts (not the underlying asset but the type of contract) include .
Answers
Futures contracts, options contracts, and credit default swaps are common types of derivatives. assets Stocks, bonds, commodities, interest rates, market indexes, and currencies.
are examples of underlying assets. Distinct types of investment risk are associated with different classes of underlying assets and their financial derivatives. Derivatives are contracts that provide the buyer or seller the right/obligation to acquire or sell a certain asset at a specific price at a specific future date. The underlying asset (also known as a commodity) of a derivative contract is the one that will be bought or sold at a later period. Futures contracts, options contracts, and credit default swaps are common types of derivatives. Aside from this, there is a large array of derivative contracts designed to fulfill the demands of a wide range of counterparties.examples of the types of derivatives contracts (not the underlying asset but the type of contract) include .
learn more about assets here:
https://brainly.com/question/13848560
#SPJ4
Your manager needs to purchase a computer for the new receptionist in your department. The usual price is $1,100. The local supply company gives the facility a 13 percent reduction on all items they purchase. What price will your manager pay?
Answers
Answer: $957
Explanation:
100% - 13% = 87%
13% reduction in price = item is 87% of it's original price.
87% = 0.87
$1,100 x 0.87 = $957
the pilots of various u.s. airlines are threatening to strike unless they receive wage increases. the pilots belong to a union. which of the following would most likely negotiate an agreement with airline management? group of answer choices government agencies union representatives employee supervisors individual employees
Answers
Most likely, union representatives and airline management will negotiate a settlement.
In the airline sector, there are two primary business models: conventional Full-Service Carriers (FSCs) and Low-Cost Carriers (LCCs). Southwest Airlines, based in the US, was the first to use the LCC business model. In a word, low-cost airlines reduce their operating expenses to provide the most affordable fares. In fact, LCCs were once known as "no-frills" airlines because they only charged extra for basic FSC amenities like seat selection or onboard meals.
Even while LLCs are known for their inexpensive ticket costs, these shouldn't be mistaken with FSC economy class tickets or tickets from smaller regional airlines. In actuality, a large part of what defines LCCs as "low-cost" is determined by how they function.
To know more about airline management click here,
https://brainly.com/question/24250836
#SPJ4
refer to exhibit 11.1. by investing in u.k. treasury bills rather than u.s. treasury bills, and not covering exchange rate risk, u.s. investors earn an extra return of
Answers
U.S. investors can receive an additional return of: 4% annually, 2% for the preceding six months by investing in U.K. treasury notes rather than U.S. treasury bills and avoiding taking on exchange rate risk.
The manufacture of coin and money, the distribution of payments to the American public, revenue collection, and the borrowing of funds required to run the federal government are just a few of the processes that the Department of the Treasury manages and keeps running. To raise money, the government or businesses issue Treasury bills, which are debt documents. Less than a year is the tenure of T-Bills. Additionally, governments and businesses issue bonds as a means of raising capital. The Treasury Building, which may be found in Washington, DC at 1500 Pennsylvania Avenue, NW, was given national historic landmark status in 1972.
Learn more about U.S. treasury here
https://brainly.com/question/13984173
#SPJ4
By investing in U.K. treasury bills rather than U.S. treasury bills, and not covering exchange rate risk, U.S. investors earn an extra return of:
FILL IN THE BLANK. Protecting yourself from exposure to toxic substances in the workplace is an example of promoting ______ wellness.
Answers
Skills in communication, education, technical skills, creativity, experience, problem-solving abilities, mental health, and personal resilience are all examples of human capital.
What is an example of human capital Class 9?
Human capital investment is the investment in things like education, training, and medical care.
What are the most important examples of human capital and physical capital?
Inanimate assets like cash, property, job site equipment, and inventory make up physical capital. In contrast, human capital refers to the capabilities, knowledge, and skills of an organization's staff.
To learn more about Human capital investment here:
https://brainly.com/question/16504657
#SPJ4
earns $2,500 per month. he pays his mortgage, utilities, grocery and other bills and then he makes sure to set aside $100 for his savings and investment accounts before he spends money to go to movies and other personal expenses. which suggestion for obtaining the money he needs for investing is he following? Taking advantage of employer-sponsored retirement programs Participating in an elective savings program Making a special effort once or twice a year to save Taking advantage of gifts, inheritance and other windfalls Paying himself first
Answers
The suggestion for obtaining the money he needs for investing is to pay himself first.
The saying pay yourself first is frequently used in the domain of personal finance and retirement planning. The systematic transmission of a defined savings contribution from each check as soon as it is received is a second manifestation of the investor attitude. It's common to pay yourself initially when putting money aside for savings and investing.
It entails making certain that a specific amount of money is set aside for these accounts prior to paying other bills or costs. In the given case, Allen is earning $2500 per month and is using this tactic by putting $100 aside for his savings and investment accounts before he spends any money on other items.
Read more about money on:
https://brainly.com/question/24373500
#SPJ4
which two of the following are the broad categories that should be considered when analyzing the economic component in an environmental scan?
Answers
Macroeconomic conditions and consumer income are the broad categories that should be considered when analyzing the economic component in an environmental scan.
What is the definition of macroeconomics?The study of an economy's behavior and overall functioning is the main goal of the branch of economics known as macroeconomics. Inflation, unemployment, growth rate, and gross domestic product are just a few of the economic trends that are highlighted. The study of macroeconomics focuses on the functioning of economies, including shifts in the balance of payments, inflation, interest and foreign exchange rates, and variations in economic production.
Only solid monetary and fiscal policies can lead to social fairness, poverty reduction, and sustained growth. Gross domestic product (GDP), inflation, and employment statistics are the top three macroeconomic indicators. Maximizing living standards and achieving steady economic growth are macroeconomics' main objectives.
To learn more about macroeconomics, visit:
https://brainly.com/question/28489802
#SPJ4
The boxplots below display annual incomes (in thousands of dollars) of households in two cities.
Which city has greater variability in income?
Answers
Due to the wider box, Statstown has a wider range of variation.
Answer: Statstown (A).
Describe variation.The "variability" of a distribution is defined as the spacing between data points and their separation from its centre. Measurements of variability offer descriptive statistics that summarise your data in addition to measures of central tendency.
Spread, scatter, and dispersion are other terms for variation. It is frequently assessed by using the following techniques:
The difference between the highest and lowest numbers is known as the range.The interquartile range refers to the middle quadrant of a distribution.The standard deviation is the typical variation from the mean.The average of the squared mean deviations is known as variation.To know more about scatter, and dispersion visit:
https://brainly.com/question/17083763
#SPJ4
1. Johnson is working as a manager in the asset management division of a well-known company. He has created an internal environment which is conducive to an effective and efficient performance of his team of ten relationship management executive. He determines the goals of his department that are consistent with the overall goals of the organization. The future course of action of the team members has already been laid out. Various resources required by relationship managers such as a small portable computer activated by touching the screen with Global Positioning System, account opening forms, brochures, account holder lists etc. The executives have been given sufficient authority to carry out the work assigned to them. Johnson works closely with the Human Resources Manager to ensure the creation and retention of a satisfied and satisfied workforce within the department. With constant guidance and motivation, Johnsen inspires them to realize their full potential. It offers them different incentives from time to time keeping in mind their different individual needs. Moreover, it closely monitors individual performances to ensure they meet the standards set and takes corrective action when necessary. List and describe the five managerial function concept mentioned in the above paragraph and the indicators of those managerial functions. 2. Shoes manufacturing company wants to be the market leader. He wanted to make a detailed plan for this. The step taken by the company is to set targets for four months to sell the maximum number of shoes in the market 3 30000. The team does not want to make any mistakes, so they decided to make the right plan. They decide to come up with alternative plans to arrive at the best possible plan. However, the team is surrounded by doubts. To clear doubts, he goes to evaluate plans to get the most profitability. The plan will be taken to the entire organization and to the relevant parties. It has finally been put into action. Without much care for the result, the company starts working on the other project at the same time. Identify the steps in the planning process implemented by the organization in this case?
Answers
In the given case - The five fundamental management tasks of staffing, leading, controlling, organizing, and planning are the skills that good managers learn to master.
Management must ensure that crucial tasks are completed effectively (in the best manner possible) and efficiently (by acting morally). The four main tasks that managers must complete as part of the management process are planning, organizing, leading, and controlling. Five actions are required: Establish goals, communicate them to the workforce, motivate them to take part, keep an eye on the progress, and then assess performance and recognize success. MBO's detractors contend that this encourages workers to use any means necessary to accomplish the objectives, frequently at the expense of the business.To know more about managers here
https://brainly.com/question/24708179
#SPJ1
For each type of goal listed below, indicate the level of management responsible for setting that type of goal. Board of directors Top Middle Lower Operational goals O O O OStrategic goals O O O OMission statement O O O OTactical goals O O O O
Answers
Lower management - operational goals
Strategic goals - top management
The mission statement - Board of directors
Tactical goals - middle management
Operational goals: These are well-defined objectives for the day-to-day tasks and requirements of running a business. Effective activities make it easier for employees to work and succeed in the workplace. Activities ensure that products and services are promoted through predefined daily tasks.
Strategic goals are the specific monetary and non-monetary goals and outcomes that an organization intends to achieve over a specific time frame, typically the next three to five years.
A mission statement is a succinct explanation of the association's rationale for being present. It depicts the motivation of the organization as well as its general expectations.
Tactical goals are focuses that are laid out quickly in light of actual circumstances as they occur. Whereas systems rely on future forecasts, strategies rely on current real-world factors.
To learn more about Strategic goals, please refer:
https://brainly.com/question/30167843
#SPJ4
If overhead cost does not bear a relation to the allocation base allocating overhead cost using a single plantwide overhead rate can: (You may select more than one answer. Single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer. Any boxes left with a question mark will be automatically graded as incorrect.)
A. increase the usefulness of the product cost B. distort product cost C. lead to good managerial decisions D. ad to poor managerial decisions
Answers
Expenses that might change over time, such shipping prices, are categorised as variable overhead costs.
What is meant by Overhead cost?Overhead is a term used in business to describe a recurring cost of running a company. In contrast to operating costs like raw materials and labour, overheads are expenses that cannot easily be linked to or identified with any specific revenue unit.
Because they represent the expense of running your firm, overhead costs are crucial. It will be easier to guarantee your firm is successful and to achieve the best margins on your sales if you understand and manage your overhead well, especially in relation to your business output.
There are three basic categories in which overhead can be broadly divided. Expenses with a fixed amount over an extended period of time are categorised as such. The depreciation of fixed assets and rent are two examples. Expenses that might change over time, such shipping prices, are categorised as variable overhead costs. They both combine to form semi-variable costs.
Therefore, the correct answer is option D. ad to poor managerial decisions.
To learn more about Overhead cost refer to:
https://brainly.com/question/25406806
#SPJ4
dunn, inc. had 200,000 shares of $20 par common stock and 20,000 shares of $100 par, 6%, cumulative, convertible preferred stock outstanding for the entire current year ended december 31. each preferred share is convertible into five shares of common stock. dunn's net income for the year was $840,000. for the current year ended december 31, the diluted earnings per share is
Answers
Earnings per share is: (net income - preferred dividends)/common shares outstanding. Preferred stock dividends are $100 X 10% X 20,000 shares = $200,000.
Define cumulative, convertible preferred stock ?
Cumulative Convertible Preference Share are a type of preference shares where the dividend payable on the same accumulates, if not paid. After a specified date, these shares will be converted into equity capital of the company.For example, a company issues cumulative preferred stock with a par value of $10,000 and an annual payment rate of 6%. The economy slows down; the company can only afford to pay half the dividend and owes the cumulative preferred shareholder $300 per share.The cumulative preferred stocks are safe and secure regarding financial safety among all other stocks available in the market. The reason behind the same is that they will always get their dividend irrespective of the company's bad performance.To learn more about stock refers to:
https://brainly.com/question/25765493
#SPJ4
The diluted earnings per share is $2.80 for the current year ended December 31.
How to calculate diluted earnings per shares?To calculate the diluted earnings per share for Dunn Inc., we need to determine the total number of shares outstanding on a fully diluted basis. This takes into account not only the common shares outstanding, but also any additional shares that could be issued from the conversion of convertible preferred shares.First, we need to calculate the number of shares that could be issued from the conversion of the preferred stock.20,000 shares of preferred stock x 5 shares of common stock per preferred share = 100,000 potential additional sharesNext, we need to add these potential shares to the number of common shares outstanding to find the fully diluted number of shares.200,000 common shares + 100,000 potential additional shares = 300,000 fully diluted sharesFinally, we can divide the net income by the number of fully diluted shares to find the diluted earnings per share.$840,000 net income ÷ 300,000 fully diluted shares = $2.80 diluted earnings per shareIn summary, the diluted earnings per share is $2.80 for the current year ended December 31.To learn more about stocks and shares refer:
brainly.com/question/25818989
#SPJ4
Universal Containers has just restructured Its Sales Department. Records that the sales manager expects to see are not showing up in the new Opportunity Report. Which three questions should the Administrator ask to troubleshoot this issue?
Are records still being shared with the sales manager?
Do owners of all records have Roles and correct Territory Assignments?
Did the sales manager start from a copy or clone of an existing report?
Have the owners of the records been frozen?
Do the records the sales manager expects to see match the filter criteria?
Please select 3 correct answers
Answers
These three questions the Database Administrator should ask to troubleshoot this issue:
Are records still being shared with the sales manager?Do owners of all records have Roles and correct Territory Assignments?Do the records the sales manager expects to see match the filter criteria?What is Database?
A database is a structured collection of connected data that has been systematically arranged and is kept in a way that makes it simple to administer and update. It serves as the central repository for all data, comparable to a library's collection of books spanning a variety of genres. Imagine data as a library. The data can be set up in a database in the form of a table with rows and columns. The data may be easily located and retrieved whenever necessary by indexing it. With the use of databases, a large number of websites on the Internet are operated.
Database handlers are people who design databases so that the information in them is accessible to users through just one group of software applications.
To Learn more About database refer To:
https://brainly.com/question/26096799
#SPJ4