Management has the responsibility to apply accounting standards when communicating with investors and creditors.
Management (or managing) is the process of overseeing the operations of a company, nonprofit, or governmental entity. It is both the science and the art of managing a company's resources.
Setting an organization's strategy and managing employee (or volunteer) efforts to achieve goals through the use of available resources, such as financial, natural, technological, and human resources, are included in management.
The terms "run the business" and "change the business" are used in management to distinguish between the continuation of the delivery of goods or services and the adaptation of those same goods or services to accommodate changing client demands - see trend.
The term "management" can also refer to managers, who are responsible for running a company.
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Answer:
Direct labor rate variance = Direct labor variance - Direct labor efficiency variance
Explanation:
Direct labor rate variance
Direct labor efficiency variance
Computation:
Direct labor rate variance = Direct labor variance - Direct labor efficiency variance
Answer:
b. $588
Explanation:
Terms 2/10, n/30 means that 2% discount for the payment within 10 days and the full amount to be paid within 30 days.
When Larson Company sold merchandise, the following entry was made to recording revenue (sales) and the receivable:
Debit Receivable Account $1,000
Credit Revenue $1,000
On July 20 Stuart Co. returns merchandise, the entry is made to record the decreasing of Receivable Account:
Debit Revenue $400
Credit Receivable Account $400
The balance Receivable Account of Stuart Co. = $1000-$400 = $600
On July 24, Stuart Co. makes the payment, the sales discount was:
$600 x 2% = $12
The amount of cash received = $600-$12=$588
The following entry is made:
Debit Cash: $588
Debit Sales discount: $12
Credit Receivable Account $600
Answer:
1. a) SAS makes investments in employee satisfaction, causing morale to be high.
Employees are retained due to motivating organisational culture and happy employees.
2. a) Creating a software that is good for society because it makes people more efficient.
Intrinsic rewards come from within the employee due to being motivated and having a sense of pleasure and accomplishment.
3. a) The leaders at SAS have a "Theory X" perspective on employee motivation.
Theory X states that workers need supervision and are motivated by pay. This is untrue at SAS, since they believe Good working conditions and security are good motivators.
4. c) Providing safe and pleasing working environments. Hygiene factors and good working conditions are the main reason why staff morale and motivation will be high.
5.c) Has programs focused on work/life balance.
Classical theory includes Maslow's Hierarchy of needs and Herzberg two factor theory as well as theory X and Theory Y.
Hello,
The answer is Primary<span> activities are basically concerned with creating the product, marketing and delivering the product to buyers, and providing support and after-sales service.
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I hope this helps