Answer:
$97,000 ; 26.25 days
Explanation:
The computations are shown below:
1. The cash collected would be
= Sale value of goods × (1 - discount rate)
= $100,000 × (1 - 3%)
= $100,000 × 0.97
= $97,000
2. The days sales outstanding would be
= Number of days for advantage × advantage percentage + remaining percentage × average days to pay off their accounts
= 10 days × 35% + (1 - 0.35) × 35 days
= 3.5 days + 22.75 days
= 26.25 days
Explanation:
Management is defined as the process of planning, organizing, directing and controlling to accomplish organizational objectives through the coordinated use of human and material resources. ... Such countless number of decisions based upon data and analysis constitute management.
The characteristics of management are:
Goal-oriented.
Pervasive.
Multi-dimensional.
Continuous process.
Group activity.
Dynamic function.
Intangible force.
Answer:
Journal entries per situation:
(1) partnership cash of $1.200:
Credit -> 1.200 Cash
Debit -> 1.200 Equity
(2) partnership cash of $1.600:
Credit -> 1.600 Cash
Debit -> 1.200 Equity + 400 Losses on equity
(1) partnership cash of $700:
Credit -> 1.200 Cash + 500 Other income on equity
Debit -> 1.200 Equity
Explanation:
In order to compensate the Balance Sheet, is necessary to record additional losses when the payment for the equity is higher than the current value (case 2), or additional income when is lower than the current value (case 3).
Answer: Efficiency.
Explanation:
Efficiency is the ability to be highly productive with very little resources. When an individual/team is efficient there is little or no wastage of resources such as: time, money, manpower or raw materials.
The correct answer to this open question is the following.
Although there are no options attached, we can answer the following.
The term in strategic management theory related to managerial motive defines a manager's actions when those actions shape the firm's strategies to serve the manager's interests rather than to maximize long-term shareholder value is: "Egotism."
Egotism is one of the terrible mistakes a manager can make in the corporation. When a manager is egotistic, he/she is first and foremost interested in his own benefits, and this is an action contrary to the mission, vision, and philosophy or the organization,
A good manager is always going to look for the very best of the group, the team members, instead of its personal gains. People will follow a manager -or better said- a leader whose main concern is the team, not the individual.