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MaRussiya [10]
2 years ago
9

The planning cycle is represented with six steps in our text, but in practice, it has?

Business
1 answer:
Mazyrski [523]2 years ago
6 0

The planning cycle is represented with six steps in our text, but in practice, it has innumerable steps, with many steps that are repeated and reviewed as events unfold, just as a driver checks the map or GPS frequently.

The planning cycle defines the specific goals and shows that how the goals support the vision and mission. Here, the goals should be stated in measurable terms wherever possible.

Planning, and in fact all of the management functions involved, is a cycle which is known to be within a cycle. As for most of the organizations, new goals are continually being made or existing goals may get changed, or new events may get unfold so there planning never ends.

Hence, the planning cycle takes innumerable steps.

To learn more about planning cycle here:

brainly.com/question/11975547

#SPJ1

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Before making month-end adjustments, net income of Bobwhite Company was $232,500 for March. Adjusting entries are necessary for
Juli2301 [7.4K]

Answer:

Net income after adjustment          $225,000    

Explanation:

The various adjustments are effected below:

                                                                         $                        Note

Net income before adjustment                  232,500

Depreciation                                                (4,400)                    1

Rental income                                                910                        2

Supplies                                                           (310)                     3

Fees earned                                                <u>   (3,700) </u>                  4

Net income after adjustment                       <u>225,000</u>    

Notes

1 Depreciation represents a consumption of asset hence it is an expense which reduces profit .So, it deducted

2. Rental income accrued implies income earned but not received. So we need to record it for the period it was earned, hence we add it.

3. Supplies used represents consumption of assets, i.e an expense. So, we  deduct it from the income.

4. The income received in advance represents unearned income . This would be deducted from the net income

4 0
3 years ago
The following table shows the assets and liabilities of the Chang family in 2007 and 2008.
Aleks [24]

Answer:

d

Liabilities are what someone owes and assets are what someone owns and is worth something. The house is an asset and the car loan is a liability. According to the numbers provided the assets have an increase of $6,000 with +10,000 from the house and -4,000 from the car. And liabilities had a decrease of $25,500 with a -$29,000 from mortgage and car loans and a +3,500 from the savings account and debt. So assets increase and liabilities decrease. 

5 0
3 years ago
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vlada-n [284]
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7 0
3 years ago
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Suppose there is a simple one good economy that only produces spinning rims. In 2015, the economy was able to produce 1 million
Alex_Xolod [135]

Answer: 0

Explanation:

Firstly, we will calculate the nominal value in 2015 which will be:

= $500 x 1 million

= $500 million

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= $1000 x 1 million

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= $500 million x 1 million sets

= $500 million

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Answer:

This is all the information I could find.

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