Business functions are the activities carried out by an enterprise, they can be divided into core functions and support functions.
Francis, the plant manager, is interested in increasing the facility's productivity by utilizing MBO so that his managers and their employees are more focused on objectives. This month Francis asked his managers to concentrate on the two first steps of MBO, which are to jointly set objectives with their employees and to have managers develop action plans
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Explanation:</u></h3>
MBO refers to Management by Objectives. In this type of management system the managerial activities are integrated and are executed in a systematic manner. This is done for the management of the objectives of an organisation are managed both effectively and efficiently.
It focuses on both the organisation and the individual's objectives.In the given example, the aim of the plant manager is to increase the productivity of a Plant through MBO. Hence he can first jointly set objectives with the employees and assign managers to develop action plans.
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Answer:
Accounts Payable 15,000
Prepaid Rent 39,000
Explanation:
<u><em>Assets:</em></u>
Cash 25,000
Supplies 10,000
Prepaid Rent X?
Equipment 90,000
Land 150,000
Total Assets = 290,000
We subtract from the total assets the know values to get the unknow which is, prepaid rent:
290,000 - 150,000 - 90,000 - 10,000 - 25,000 = 15,000 prepaid rent
Then laiblities + equity = total assets
so we use the same idea;
Liabilities
Accounts Payable X?
Salaries Payable 12,000
Notes Payable 99,000
Total liabilities Y?
Equity
Common Stock 40,000
Retained Earnings 100,000
Total equity 140,000
Total Liab + SE 290,000
290,000 - 140,000 = total liab = 150,0000
then AP
150,000 - 99000, - 12,000 = 39,000
Answer:
$20,650.00
Explanation:
In the equity market, when shares are being bought there are usually bids submitted that will determine the buying price, so bid price is the price at which a share is bought. In this case it is $103.25.
When selling shares the price at which it is sold is the ask price.
Therefore the price for buying the IBM shares= Bid price* Quantity
= 103.25 * 200= $20,650
Answer:
$1,550,000
Explanation:
Flexible budget is a type of budget that varies as as the volume or activity changes.
In calculating flexible budget , the variable cost is multiplied by the actual production unit. However , the operating income needs to accommodate all operating expenses including the fixed cost
Sales volume = 32,000 parts
sales price per unit = $60
Variable operating cost per unit = $10
Applicable fixed cost = $50,000
Sales revenue = 32000* 60 =$1,920,000
Variable operating cost = 10 * 320,000=($3,200,000)
fixed cost = ($50,000)
Operating income = $1550,000
