It influences management because we can share stuff throughout the world if a country didn’t know about electricity and we shared it throughout the world we will try to manage theme
Answer:Margin of safety expressed in dollars=$88,000
Margin of safety as a percentage of sales =22%
Explanation:
Margin of Safety is the sales greater the break-even point that helps businesses gauge and prevent a loss. A Higher Margin of Safety is preferred as it limits the risk of businesses making loss
Margin of safety expressed in dollars= Total actual sales - break-even point of sales
$400,000 - $312,000
=$88,000
Margin of safety as a percentage of sales =Margin of safety/ Actual sales x 100
$88,000/ $400,000 x 100
0.22 x 100
= 22%
Answer:
1. Procurement: all the activities that go into the purchase of goods and services.
2. Marketing: presentation of goods and services to the customers with the aim of increasing sales.
3. Management: the act of controlling all the resources that go in the business in a manner to ensure that the organizational goals are met.
4. Finance is capital that is needed in business.
Explanation:
There are different aspects that ensure that a business can perform it's functions to ensure that the business goals are achieved. The four major functions of a business that will be considered are; procurement, marketing, management and finance. They are further elaborated below;
1. Procurement
Procurement can be defined as all the activities that go into the purchase of goods and services. They involve evaluating different offers from different vendors to determine the best product at an agreeable cost. most business needs resources to function. The resources can be labor or material resources. Procurement looks at ways in which these resources can be purchased with efficiency.
2. Marketing
Marketing involves the presentation of goods and services to the customers. The main aim of marketing is also to gain more customers and ultimately to increase sales. It involves the use of various marketing channels to achieve it's objective. A successful marketing strategy wins over more customers, which generally leads to more sales and profits. Since making profits is the main reason for business, a profitable marketing strategy is important for business success.
3. Management
Management is the act of controlling all the resources that go in the business in a manner to ensure that the organizational goals are met. The business resources include; human resources and material resources. When all the resources that go into a business are carefully managed, the potential of achieving organizational goals is also increased. Good management ensures business success
4. Finance
Finance is capital that is needed in business. The capital is usually monetary. Finance can be used to acquire various resources in form of salaries for laborers, raw materials and utility bills. Adequate and timely financing are needed to ensure that a business succeeds.
Answer:
Explanation:
The preparation of the post-closing trial balance is presented below:
Hilltoppers Corporation
Post-closing trial balance
Particulars Debit Credit
Service revenue $14,600
Cash $3,600
Accounts Payable $1,600
Utilities expense $2,600
Salaries expense $9,600
Equipment $15,600
Common stock $12,000
Retained earnings $4,400
Dividend $1,200
Total $32,600 $32,600