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earnstyle [38]
3 years ago
11

The managerial function of ______ involves monitoring performance, comparing it to goals, and taking corrective action when need

ed.
Business
1 answer:
sleet_krkn [62]3 years ago
3 0

Answer:

Controlling

Explanation:

Out of the many functions of management, controlling is an important managerial function. Controlling can be referred to as a managerial function that enables the achievement of results as it relates to set goals. This function involves the measurement of progress for the purpose of achieving organizational goals. It helps to ensure that subordinates and managers inclusive are doing what is necessary, identify errors and take corrective measures to meet up to the standard.

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Silver Inc. has budgeted production costs of $3,000,000, budgeted beginning finished goods inventory of $390,000, and budgeted e
Pavlova-9 [17]

Answer:

Budgeted cost of goods sold = $3,150,000

Explanation:

Given:

Budgeted beginning finished goods inventory = $390,000

Budgeted production costs = $3,000,000

Budgeted ending finished goods inventory = $240,000

Find:

Budgeted cost of goods sold

Computation:

Budgeted cost of goods sold = budgeted beginning finished goods inventory + budgeted production costs - budgeted ending finished goods inventory

Budgeted cost of goods sold = $390,000 + $3,000,000 - $240,000

Budgeted cost of goods sold = $3,150,000

4 0
3 years ago
Kendall Company has sales of 1,000 units at $60 a unit. Variable expenses are 30% of the selling price. If total fixed expenses
Lelu [443]

Answer:

There are several ways to compute the degree of operating leverage (DOL). A fairly intuitive approach is expressed below.

DOL = (sales - variable costs) / (sales - variable costs - fixed costs)

For Kendall, the DOL is computed as follows:

DOL = (1,000 * $60 - 1,000 * $60 * .30) / (1,000 * $60 - 1,000 * $60 * .30 - $30,000) = 3.5

<em>hope this helps</em>

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8 0
3 years ago
Which of the following is NOT one of the core capabilities that span across all five mission areas?
Andreas93 [3]

Answer:

D. Health and social services. fall into the Recovery mission area only

Explanation:

Health and social services. fall into the Recovery mission area only

8 0
3 years ago
On September 1 of the current year, Scots Company experienced a flood that destroyed the company's entire inventory. Because the
dangina [55]

Answer:

$82,580

Explanation:

We can calculate the estimated amount of inventory destroyed in the flood by deducting the cost of goods sold by the cost of goods available for sale.

DATA

Beginning Inventory  = $215,950  

Inventory purchased  = $192,730

 Sales = $543,500

Calculation

Inventory destroyed  Iestimated) =    Cost of Goods available for sale - Cost of Goods Sold

Inventory destroyed  Iestimated) =  $408,680  - $326,100

Inventory destroyed  Iestimated) = $82,580

Working

Cost of Goods available for sale  = Beginning Inventory + Inventory purchased

Cost of Goods available for sale = $215,950   + $192,730

  Cost of Goods available for sale = $408,680

Cost of Goods Sold  = Sales  - Gross Profits

Cost of Goods Sold = $543,500  - ($543400 x 40%)

Cost of Goods Sold = $ 326,100

4 0
3 years ago
What are the three major responsibilities of the federal reserve?
Bumek [7]
The federal reserve influences U.S. monetary policy by influencing money and credit in the pursuit of full employment and stable prices. The Fed (Federal Reserve) also supervises the activities of banks and financial institutions to protect the safety of the financial industry. The Fed also provides financial services to the  U.S. Government and generally oversees the nations payment system. And overall the Fed seeks to sustain and maintain the financial system by preventing and protecting against risk. 
6 0
3 years ago
Read 2 more answers
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