Answer: Strategic management
Explanation:
The strategic management is one of the business strategy that helps in manage the competitive environment and also analyzing all the internal functions in an organization.
The importance of the strategic management is that it helps in evaluating the policies and also helps in identify the organizational goals.
According to the given question, the Ashock is one of the consultant in an organization and he implementing the strategic management for managing all the given functions.
Therefore, Strategic management is the correct answer.
Answer:
The journal entries are shown below:
Explanation:
The journal entries are shown below:
On July 15
Purchases (2,100 × $40) $84,000
To Accounts Payable $84,000
(Being the purchase is recorded)
On July 23
Account payable $84,000
To Purchase discount $2,520 ($84,000 × 3%)
To Cash $81,480
(Being the payment is recorded)
On August 15
Account payable $84,000
To cash $84,000
(Being the payment is recorded)
Answer:
Each partner is held responsible for an agreement/decision made by any one of the partner.
Explanation:
Partnership can be defined as a business agreement between two or more individuals. This individuals share ownership of the business and as such are responsible for managing the activities of the company. The profit gotten from the company are shared among the business partners.
General partnership is a form of partnership in which all the partners involved contribute significantly to the daily activities of the organization.
General partnership is very easy to establish and it does not require any form of taxes on profits generated from the business.
Answer:
- $89,000
Explanation:
The computation of the financial advantage or disadvantage is shown below:
= Contribution margin loss - fixed expense
where,
Contribution margin is - $246,000
And, the fixed expense would be
= Advertising (for the bilge pump product line) + Salary of product-line manager + Insurance on inventories
= $23,000 + $126,000 + $8,000
= $157,000
Now put these values to the above formula
So, the value would equal to
= - $246,000 - $157,000
= - $89,000
All other information which is given is not relevant. Hence, ignored it
