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Vilka [71]
3 years ago
7

The Adapting to Change box reflects upon the use of Twitter and other social media sources to measure customer satisfaction. GM

employees scanned various social media sites to stay current with customer perceptions and complaints. It is important that customers perceive that products and services are meeting or exceeding the standards that companies set. The _____________ of management involves the monitoring of product and service performance.
Business
1 answer:
erma4kov [3.2K]3 years ago
6 0

Answer: Control process

Explanation:

 The control process of the management is one of the concept that helps in measuring, planning, organizing and also implementing the various types of functions in an organization.

The main objective of the control process in the management is that it helps in achieving the organizational goals and handle all the activities of the business such as production and the packaging process.

 According to the given question, the control process of the management basically helps in monitoring the various types of performance of the products in an organization and also checking the errors for the purpose of resolving them.  

 Therefore, Control process is the correct answer.  

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During the period, Sanchez Company sold some excess equipment at a loss. The following information was collected from the compan
Mice21 [21]

Answer:

Part 1

Cost of Equipment Sold = $9300

Accumulated Depreciation of Equipment Sold = $ 1100

Cash received from Sale = $5300

Part 2

<em>Net Cash Flows from Operating Activities</em>

Add Back (Positive) to Operating Profit for the year : Loss on sale of equipment $ 2900

Part 3

<em>Net Cash flows from Investing Activities</em>

Add (Positive) Proceeds from Sale of Equipment $ 5300

Explanation:

Part 1

<em>Cost of Equipment Sold:</em>

The figure is obtained from Equipment At Cost Account.

Open the Account as follows:

Beginning Balance $ 20300 (debit), Ending Equipment $ 11000, Balancing figure $ 9300 (20300-11000) is the cost of equipment sold.

<em>Accumulated Depreciation of Equipment Sold</em>

The figure is obtained from Accumulated Depreciation.

Open the Account as follows:

Beginning Balance $ 1980 (credit), Profit and loss - Depreciation $ 870 (credit), Ending Balance $ 1750 (debit), Balancing figure $ 1100 (1980+870-1750) is the Accumulated Depreciation on Equipment Sold

<em>Cash Received on Sale</em>

This figure is figure is obtained from Equipment Disposal Account.

Open the Account as follows:

Cost of Equipment Sold $ 9300 (debit), Accumulated depreciation on equipment sold $1100(credit),Loss on Sale of Equipment $2900(credit),the Balancing figure $5300 (9300-1100-2900)

Part 2

Loss on sale of Equipment is the only Income Statement Item affecting the Operating Activity of the Cash Flow Statement.

Add back to Operating profit since this is a non-cash item and was initially deducted in the calculation of Operating Profit.

Part 3

Sale of Equipment results in Cash Inflow and affects the Cash Flows from Investing Activities Section of Cash Flow Statement.

Hence a positive amount should be added to reflect this inflow.

4 0
3 years ago
The manager who provides overall guidance and leadership for the entire corporation is known as the ____ manager.
WITCHER [35]
<span>The manager who provides overall guidance and leadership for the entire corporation is known as the operations manager.

An operations manager oversees all organization departments from final production of goods/services, production, purchasing, productivity of employees, manufacturing, supplies and employees. An operations manager is an in office (sometimes out) but, is usually around to help each group within an organization keep focus on what tasks need to be accomplished.</span>
5 0
3 years ago
Tom's Tool Factory is an investment center and is responsible for all of its net income and the use of its assets. This year, th
hram777 [196]

Answer:

57.9 %

Explanation:

Return on investment (ROI) is a financial ratio. It is used to measure the expected returns from in relation to the cost of investment.

The formula for calculating ROI is Net Income / Cost of Investment.

For tom tools factory, the ROI will be

net income $275,000

cost of investmet is $475,000

ROI = 275,000/ 475,000

RO1 = 0.5789473 X 100

=0.5789473

=57.894 OR

=57.9 %

6 0
3 years ago
PLEASE HELP : Which of these investments may be long term? Check all that apply.
Stels [109]

Answer:

mutual funds

bonds

retirement funds

commodities

Explanation: i just took it

3 0
3 years ago
Mike and Rachel form M&amp;R Partnership. Mike invests $40,000 cash and Rachel invests $60,000 cash. The partners agree to share
zalisa [80]

Answer:

The Preparation of statement of partners’ equity is shown below

Explanation:

The preparation of statement of partners’ equity is shown below:-

                                          Mike         Rachel

Beginning equity                $40,000    $60,000

Salary allowance                    $5,000      $9,000

Interest allowance                 $4,000      $6,000

Share of remaining net income $3,000     $3,000

Drawings                             -$1,000      -$1,000

Ending equity                             $51,000     $77,000

Working Note

Interest allowance for Mike = $40,000 × 10%

= $4,000

Interest allowance for Rachel = $60,000 × 10%

= $6,000

Remaining share of net income after salary allowance and interest allowance = Net income - Salary allowance - Interest allowance

= $30,000 - $5,000 - $9,000 - $4,000 - $6,000

= $6,000

Mike's share of remaining income = $6,000 × 50%

= $3,000

Rachel's share of remaining income = $6,000 × 50%

= $3,000

4 0
3 years ago
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