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Oksi-84 [34.3K]
3 years ago
15

How do product managers manage their product mix

Business
1 answer:
Inga [223]3 years ago
7 0

Answer:

sorry if this dosent help

Explanation:

Considering the leap from being a product manager to a leadership role, but not sure what’s involved in managing product managers? You’re smart to look into this. The responsibilities of product leadership and the skills required, are very different those of a product manager.

Managing product managers can be an exciting and rewarding career. But before we jump into the details, here’s one key point that might change your perspective.

You might be interested in
Bookmark question for later Which of the following are NOT costs that are relevant to the "total cost to own" of a car? a. Fuel
harina [27]

The statement that are NOT costs that are relevant to the "total cost to own" of a car is: f. None of the above.

<h3>What is total cost?</h3>

Total cost is the cost generated or cost incurred for producing a product or the expenses incurred for owing a product such as car.

Total cost formula is:

Total cost=Fixed cost+ Variables cost

If a person own a car it is important to know that all the following are the total cost that will be relevant to the cost of owing a car are:

  • Fuel
  • Financing
  • Repair costs
  • Insurance
  • Maintenance

Inconclusion the statement that are NOT costs that are relevant to the "total cost to own" of a car is: f. None of the above.

Learn more about total cost here:brainly.com/question/5168855

7 0
2 years ago
Morrow Enterprises Inc. manufactures bathroom fixtures. The stockholders’ equity accounts of Morrow Enterprises Inc., with balan
algol13

Answer:

Morrow Enterprises Inc.

A. January 1 balances in T-accounts:

                                         Common Stock

                                                Jan. 1     Balance b/d        $7,500,000

                                        Additional Paid-in Capital -Common Stock

                                                Jan. 1     Balance b/d        $825,000

                                        Retained Earnings

                                                Jan. 1     Balance b/d        $33,600,000

                                        Treasury Stock

Jan. 1  Balance b/d $450,000

B1. Journal entries to record the transactions:

Jan. 22

Debit Dividends Payable $28,000

Credit Cash Account $28,000

To record payment of $0.08 dividends per share.

April 10

Debit Cash Account $1,800,000

Credit Common Stock $1,500,000

Credit Additional Paid-in Capital $300,000

To record the issue of 75,000 shares for $24 per share.

June 6

Debit Cash Account $650,000

Credit Treasury Stock $450,000

Credit Additional Paid-in Capital $200,000

To record reissue of 25,000 shares of treasury stock at $26 per share and close the Treasury Stock balance to Additional Paid-in Capital.

July 5

Debit Stock Dividends $450,000

Credit Dividends Payable $450,000

To record the declaration of the 4% stock dividend on 450,000 shares of common stock.

August 15

Debit Dividends Payable $450,000

Credit Common Stock $360,000

Credit Additional Paid-in Capital $90,000

To record the  issue of a 4% stock dividend certificates on 450,000 shares at $25

Nov. 23

Debit Treasury Stock $570,000

Credit Cash Account $570,000

To record the purchase of 30,000 shares of treasury stock for $19 per share.

Dec. 28

Debit Dividends $42,000

Credit Dividends Payable $42,000

To record the declaration of a $0.10 per share dividend on 420,000 shares of common stock.

Dec. 31

Debit Income Summary Account $1,125,000

Credit Retained Earnings $1,125,000

To close the credit balance of the income summary.

Dec. 31

Debit Retained Earnings $492,000

Credit Stock Dividends $450,000

Credit Dividends $42,000

To close the two dividends accounts.

B2) Posting to the selected accounts:

                                        Common Stock

Dec. 31 Balance c/d  $9,360,000 Jan. 1    Balance b/d         $7,500,000

                                                        Apr. 10  Balance b/d         $1,500,000

                                   <u>                   </u>  Aug 15  Dividend Payable  <u>$360,000</u>

                                  <u>$9,360,000 </u>                                          <u>$9,360,000</u>

                                                        Jan. 1 Balance b/d           $9,360,000

                                        Additional Paid-in Capital -Common Stock

Dec. 31 Balance c/d $1,415,000 Jan. 1   Balance b/d               $825,000

                                                   Apr. 10     Balance b/d            $300,000

                                                   Jun. 6   Treasury Stock         $200,000

                                <u>                 </u>  Aug 15  Dividend Payable      <u> $90,000</u>

                               <u> $1,415,000</u>                                               <u>$1,415,000</u>

                                                   Jan. 1 Balance b/d                $1,415,000

                                        Retained Earnings

Dec. 31 Stock Dividends   $450,000 Jan. 1    Balance b/d       $33,600,000

Dec. 31 Dividends               $42,000 Dec. 31  Income Summary $1,125,000

Dec. 31 Balance c/d     <u>$34,233,000</u>                                          <u>                     </u>

                                    <u>$34,725,000</u>                                          <u>$34,725,000</u>

                                                           Jan. 1 Balance b/d           $34,233,000

                                        Treasury Stock

Jan. 1      Balance b/d $450,000  Jun. 6 Cash                          $450,000

Nov. 23  Cash            <u>$570,000</u>   Dec. 31 Balance c/d             <u>$570,000</u>

                                <u>$1,020,000</u>                                               <u>$1,020,000</u>

Jan. 1   Balance b/d   $570,000

                                        Dividends Payable

Jan. 22  Cash                    $28,000  Jan. 1 Balance b/d             $28,000

Aug. 15 Common Stock $360,000   Jul. 5 Stock Dividends   $450,000

Aug. 15 Additional Paid-in$90,000   Dec. 23 Cash Dividends $42,000

Dec. 31 Balance c/d          <u>$42,000</u>                                           <u>                </u>

                                       <u>$520,000</u>                                          <u>$520,000</u>

                                                           Jan. 1 Balance b/d           $42,000

                                        Stock Dividends

Jul. 5 Dividends Payable $450,000 Dec. 31 Retained Earnings $450,000

                                      Cash Dividends

Dec. 28 Dividends Payable $42,000 Dec. 31 Retained Earnings $42,000

 

                                       Income Summary Account

Dec. 31  Retained Earnings $1,125,000 Dec. 31 Balance b/d   $1,125,000

C. Retained Earnings Statment for the year ended December 31, 2016:

Beginning Balance     $33,600,000

Income Summary           $1,125,000

Stock Dividends             ($450,000)

Cash Dividends               ($42,000)

Ending Balance         $34,233,000

Explanation:

a)                                       Cash Account                                                            

Apr. 10   Common Stock  $1,500,000 Jan. 22  Dividends Payable$28,000

April 10  Additional Paid-in $300,000  Nov. 23 Treasury Stock   $570,000

Jun. 6    Treasury Stock     $450,000  

Jun. 6    Additional Paid-in $200,000

6 0
3 years ago
In an effort to encourage its employees to develop new ideas for the firm, w.l. gore has a 'dabble time policy' that allows empl
Tatiana [17]

Answer: Intrapreneurs

W.l. Gore is developing Intrapreneurs within the company. They train their employees to become Intrapreneurs by assigning them to work on a special idea or project within the company, and they are instructed to develop the project like an entrepreneur would.  They are allowed to devote 10% of their time at work and  the company even provide employees with funds to use for these projects

4 0
3 years ago
Bruno Company accumulates the following data concerning a mixed cost, using miles as the activity level. Miles Driven Total Cost
salantis [7]

Answer:

The variable cost per mile is $1.50

The fixed cost element  is $2,261

Explanation:

The computation of the fixed cost and the variable cost per hour by using high low method is shown below:

Variable cost per hour = (High Total cost - low total cost) ÷ (High miles driven - low miles driven)

= ($15,011 - $13,503) ÷ (8,500 -  7,495)

= $1,508 ÷ 1,005 hours

= $1.50

Now the fixed cost equal to

= High operating cost - (High miles driven × Variable cost per hour)

= $15,011 - (8,500 × $1.50)

= $15,011 - $12,750

= $2,261

5 0
3 years ago
"Pick an organization within the airline industry that you are familiar with or interested in learning about. Identify an exampl
Usimov [2.4K]

Answer:

Pick an organization within the airline industry that you are familiar with or interested in learning about. Identify an example of when a favorable cost variable would not be good news for the performance of the organization.

What department would be responsible for the variance? What would you recommend to correct the variance? Explain your reasoning.

Explanation:

In the Jet airways example, if the package price stays the same or higher but gettting a positive variation, good news are fake as this means that the number of passengers that were expected to travel, in fact diminished.

6 0
3 years ago
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