Answer: The "Controlling" step of the management framework.
Explanation: Management principles have been categorised into 4 main functions namely: planning, organising, leading and controlling. In short this is known as the P-O-L-C framework. The aim of this framework is to act as a guide used to assist management in addressing challenges faced by the organisation.
In the monitoring step of the mission and vision statements development is analogous (related) to the controlling element of the framework. In this step, key milestones are identified and recognised over time. Using these milestones, progress is monitored and measured against the objectives of the organisation. Audit can be an important tool used during this step of the process, to confirm whether milestones are effectively monitored.
Answer:
Net income= $15,807
Explanation:
Giving the following information:
Selling price= $110 per unit
Unitary variable cost= $45
At a sales volume of 350 units, net income is $10,932.
<u>First, we need to calculate the fixed costs:</u>
Fixed costs= total contribution margin - net income
Fixed costs= 350*(110 - 45) - 10,932
Fixed costs= $11,818
<u>Now, the net income for 435 units:</u>
Net income= total contribution margin - fixed costs
Net income= 425*65 - 11,818
Net income= $15,807
Answer:
<u>Flint Company </u>
DR Merchandise <u>$1,050</u>
CR Accounts Payable <u>$1,050</u>
(<em>To record purchase of merchandise</em>)
<u>Windsor Inc.</u>
DR Accounts Receivable <u>$1,050</u>
CR Sales <u>$1,050</u>
(<em>To record sale of merchandise</em>)
DR Cost of Goods Sold <u>$660</u>
CR Merchandise Inventory <u>$660</u>
(<em>To record change in stock from sale of merchandise</em>)
Answer:
Solution for question 1
It is not necessary that action that lower the short term interest rate will lower the long term interest rate also.
So given statement is false.
Solution for question 2
Because of subprime crisis in 2008 most of the Market collapsed and there is a huge problem of liquidity. Yield on US treasury security was decreased and so the price of treasury securities was increased.
Hence, given statement is true.
Solution for question 3
Countries with strong balance sheet mean countries are developed and so interest rate in these countries is lowered.
Hence, given statement is true.
Solution for question 4
One of the major function of Federal Reserve is to control economic activities. In the Era of globalization all countries economy is depend on other economy. So interest rate in USA highly dependent on other countries.
Hence, given statement is true.
Answer:
$40,400
Explanation:
The total manufacturing cost is shown below:
= Direct material used + Direct labor hours worked × Direct labor rate per hour + Machine hours used × Applied factory overhead rate per machine hour
= $18,800 + 600 hours × $16 + 400 hours × $30
= $18,800 + $9,600 + $12,000
= $40,400
The Direct labor hours worked × Direct labor rate per hour is also known as direct labor cost and the Machine hours used × Applied factory overhead rate per machine hour is also known as factory overhead cost
