Top 10 Roles of the Manager in an organization:
1. Figurehead - the symbolic interpersonal duties such as welcoming guests, serving as the face of the team, etc.
2. Leadership
3. Liaison - serves as the intermediary between groups and departments, focusing on communication and coordination
4. Monitor- managers are responsible for overseeing work and making sure it is done correctly
5. Dissemination - managers are responsible for disseminating (sharing) information throughout the team
6. Spokesperson - represent the company when dealing with outsiders
7. Entrepreneurial - managers should always be working to innovate and improve how the business is run
8. Conflict management- managers have to handle disagreements between their subordinates
9. Resource allocation- managers are responsible for setting a budget and making sure resources are used in the appropriate ways
10. Negotiator - both internal and external negotiations are handled by the manager
<u>Calcualtion of Cost of goods manufactured:</u>
(Note: It is assumed that the Cost of Material used is equal to the Cost of Material Purchased $234,000)
Total manufacturing cost = Cost of Material used + Direct labor costs + Allocated manufacturing overhead costs
Total manufacturing cost = 234,000+180,000+260,000 = $674,000
It is also assumed that there were no beginning or ending work in process inventory, that means Total manufacturing cost shall be equal to Cost of goods manufactured.
Hence, Cost of goods manufactured = <u>$674,000</u>
Answer:
D. It suggests that it is important to view internal control as an end product as contrasted to a process or means to obtain an end.
Explanation:
Internal control is a process which is effected by an entity's board of directors, management, and other personnel, designed to provide reasonable assurance regarding the achievement of objectives.
Answer:
Strategic management
Explanation:
Definition:
Strategic management is the identification, selection and implementation of an organisations long term goal and its objectives. It takes into account the concerns and existence of all stakeholders.
Three components of strategic management:
- Strategic Analysis - takes into account factors affecting the internal and the external environment of the business.
- Strategic Choice - involves the formulation, evaluation and selection of strategic options.
- Strategic implementation - involves implementing and monitoring the strategies selected by the business.
Answer:
a.- r= 6% Value: 23.40
b.- r = 8% Value: 11.70
c.- r = 11% Value: 6.69
d.- r = 12% Value: 5.85
e.- r= 19% Value: 3.12
Explanation:
We will calcualte the gordon model for the different rates of return:
Dividend_1 is next year dividends.
If dividends raise by 4% then:
0.45 x 1.04% = 0.468
<u>now we calculate for the different returns:</u>
