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2 years ago

True or false: Controlling involves developing goals and preparing various budgets to achieve those goals.

Business

1 answer:

Radda [10]2 years ago

7 0

False, Planning involves developing goals and preparing various budgets to achieve those goals not controlling

Controlling involves determining if goals have been followed and taking corrective measures

Control is a management feature that helps you check for errors in order to take corrective action. This is done to minimize deviations from standards and ensure that the organization's set goals are achieved in the desired way.

The corporate governance management process is when managers define, measure, improve and manage cost management of their business operations. Control processes allow enterprises to manage changes in their supply chain, customer demand, and other variables that affect their lives.

Learn about controlling function here:brainly.com/question/22691648

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Why should all small business owners develop business plans even if they are not required to obtain financing?

NISA [10]

A business plan would help small business owners to know how to operate the business, achieve goals and what activities need to be conducted in case they missed anything out. It helps a business to plan out and conduct business operations.

4 0

4 years ago

Partner Industries sells a single product for $50 that has a variable cost of $30. Fixed costs amount to $5 per unit when antici

Vera_Pavlovna [14]

Answer:

b. $20.

Explanation:

Regardless of what the break-even volume is, at this volume profits are zero.

This means that any unit sold beyond this point will provide a profit equivalent to its marginal benefit, which is its selling price subtracted by its variable cost.

If a product sells for $50 and has a variable cost of $30, by selling one unit in excess of its break-even volume, the profit will be:

$P= \$50-\$30 =\$20$

The profit will be $20.

8 0

4 years ago

Carow Corporation purchased on January 1, 2020, as a held-to-maturity investment, $60,000 of the 8%, 5-year bonds of Harrison, I

tigry1 [53]

Answer:

Entries are given below

Explanation:

Requirement A.

On January 1, 2020 Carrow purchased held to maturity investment, $60,000 of the 8% 5year bonds of Harrison, Inc for $65,118

Entry DEBIT CREDIT

Held-to-maturity securities $65,118

cash $65,118

Requirement B.

The receipt of semiannual interest and premium amortization

Entry DEBIT CREDIT

cash (60,000 x 8% x 6/12) $2,400

held to maturity sercurities $446

interest revenue(65,118 x.6% x6/12) $1,954

6 0

3 years ago

A. Cash receipts from customers for services rendered __________ Operating __________Inflow

vaieri [72.5K]

Answer:

a. Cash receipts from customers for services rendered

Indication: Operating activities and Cash Inflow

b. Sale of long-term investments for cash

Indication: Investing actiivity and Cash Inflow

c. Acquisition of property, plant and equipment for cash

Indication: Investing activity and Cash Outflow

d. Payment of income taxes

Indication: Operating activity and Cash Outflow

e. Bonds payable issues for cash

Indication: Financing Activity and Cash Outflow

f. Payment of cash dividends declared in previous year

Indication: Financing activity and Cash Outflow

g. Purchase of short-term investments (not cash equivalents) for cash

Indication: Investing activity and Cash Outflow

h. Purchases of inventory for cash

Indication: Operating activity and Cash Outflow

Definition of terms

Operating Activity: This activity will show how much the cash flow from the business in operating . This included net profit and changes in assets and liabilities and amortization expenses .

Investing Activities: This part is shows the where the money is invested or investment is sold.

Financing Activities: This activities will show the cash flow from financing activities between the reporting period example. Raising or payment of the fund through the common stock , preference and bonds etc.

5 0

3 years ago

At your new job, the human resources department ask you to bring two forms of identification before you can start working. Which

Karolina [17]

Answer:

the answer is b

Explanation:

8 0

3 years ago