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statuscvo [17]
3 years ago
13

Quinn has landed a management position with a pioneering new small business after many years of working as a regional manager fo

r a nationally known nonprofit. As Quinn starts her new job, she is likely to find that:a.due to the significant differences in large and small firms, her previous experience will be of little value in her new position.b.the principles of management are much the same at large and small firms.c.nonprofit organizations are motivated by their desire to help people and so financial management is of little concern.d.planning is more important to a nonprofit organization and less important to a small business so she will need to adjust the time she spends on the planning function
Business
1 answer:
dalvyx [7]3 years ago
4 0

Answer: b.the principles of management are much the same at large and small firms.

Explanation:

Quinn will find that Management Principles do not discriminate against different sizes of firms and that the principles that work in one size can work across ALL sizes.

She will find that the same Principles that helped her in her big NGO will help her JUST AS WELL in this small but pioneering business.

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5 0
3 years ago
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B. Lopez Company reports unadjusted first-year merchandise sales of 221,000 and cost of merchandise sales of $64,000. The compan
Annette [7]

Answer: See explanation

Explanation:

The year-end adjusting entry to record the cost side of sales returns and allowances will be:

Dr Inventory Return estimated $3200

Cr Cost of goods sold $3200

(To record expected coat of returns)

Note that the above calculation was done as:

= $64,000 × 5%

= $64,000 × 0.05

= $3200

3 0
3 years ago
A customer tried to use a fake id during an insurance transaction and the agent had to file a Suspicious Activity Report under l
Vikentia [17]

Answer:

$ 10,000 USD

Explanation:

Insurance companies are obliged to report to the federal government through form 8300 about transactions that exceed $ 10,000 or even transactions of a lower value that for some reason arouse the impression of suspicious activity; since criminals are normally aware of this rule and try to avoid the law as much as possible. This arrangement has been proposed by the government to control illicit activity and to comply with the anti money laundering program.

4 0
3 years ago
7. Alice has $15,000 for investment purposes and suppose Alice’s MARR is 18% compounded monthly. Her bank has offered the follow
stepladder [879]

Answer:

a) Annual Worth of net gain is  $6793.0184

b) Annual Worth of net gain is  $6395.557

c) Annual Worth of net gain is  $6922.65

Recommendation: Option C is the best option for Alice

Explanation:

a) Alice will get $200 per month for 5 years which means for 60 months at the rate of 18% compounded monthly.

So FV of that cash flow

= FV(18%/12,60,-200)

= 19242.9303

A lump sum amount of $17000 at the end of 5th year

Total Worth = 19242.9303 + 17000

                    = $36242.9303

Annual worth = $36242.9303 / 3.1271

                      = $11589.94

Net Gain = $36242 - $15000

               = $21242.9303

Annual Worth of net gain = $21242.9303 / 3.1271

                                          = $6793.0184

b) Racehorse share will be worth $35000 on 5 years.

Annual Worth = $35000 / 3.1271

                       = $11192.48

Net Gain = $35000 - $15000

               = $20000

Annual Worth of net gain = $20000 / 3.1271

                                          = $6395.557

c) Saving account will generate funds after 5 years

= FV(18%/12,60,,-15000)

= $36648.30

Net Gain = $36648.30 - $15000

               = $21648.30

Annual Worth = $36348.30 / 3.1271

                       = $11719.58

Annual Worth of net gain = $21648.30 / 3.1271

                                          = $6922.65

Therefore, Option c is best for Alice.

8 0
3 years ago
At June 30, Yaddof Company has the following bank information: cash balance per bank $3,600; outstanding checks $680; deposits i
Valentin [98]

Answer: Yaddof Adjusted Cash Balance is $3,290

Explanation: Bank reconciliation of Yaddof Company as at 30th June

Balance per Bank                                          $3,600

Less:Outstanding Checks                             ($680)  

Add: Deposit in transit                                  $500

Less: Credit Memo for Interest                    ($150)          

Add: Bank Service Charge                            $20        

Adjusted Cash Balance                               $3,290

6 0
3 years ago
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