He business creditors are owed money by Greg for giving him loans to start is business. Creditors do not require the money loaned immediately but are due to receive the funds they lent out back. The amount owed to creditors by the business/business owners are found under the liabilities section of the companies balance sheet.
a) The school of management that the Management of XYZ Company Limited is applying is called <em>Mathematical or Quantitative School of Management.</em>
The Mathematical or Quantitative School of Management:
- Expresses management problems in equations, mathematical symbols, and quantitative models
- Encourages wide application of computer technology, simulations, and analytics
- Introduces precision to management thinking and practice
b) The Contingency School, unlike the Mathematical School of Management:
- Recognizes that not all management processes can be expressed with mathematical symbols and formulas.
- Identifies that mathematical models cannot replace sound judgment, which requires intuition and not equation.
- States that there is no single technique to solving management problems.
- Encourages managers to use any feasible management technique to solve problems, thereby thinking outside the box.
- Emphasizes that the applications of management principles and practices (process, behavioral, quantitative, and systems) should be contingent upon the prevailing circumstances.
Thus, with Contingency School, the tools of management thinking and practice should be applied based on prevailing situations and not mathematically with equations, models, and symbols.
Learn more about another School of Management Thought here: brainly.com/question/15557968
Answer:
d. $102,250.
Explanation:
The computation of the selling price is shown below:
= Bond face value × quoted price
= $100,000 × 1.0225
= $102,250
To determine the selling price we multiplied the bond face value with the quoted price so that the accurate selling price can come.
We simply fraction the quoted price and then divide it by 100
In mathematically,
= 409 ÷ 4
= 102.25 ÷ 100
= 1.0225
Answer:
Cost of producing a unit of a good falls as its output increases.
Explanation:
Companies achieve economies of scale when their production costs per unit decrease as the company uses fewer inputs to produce one unit of product.
For example, a company produces 10,000 units with a total cost of $20,000 (cost of producing one unit is $2). If the company increases its total production to 15,000 units with a total cost of $25,000 (cost of producing one unit is $1.67).
Answer:
Studying finance can prepare you not only for careers in the financial services sector, but also for tasks in your everyday life. ... And because finance revolves around planning and analysis, studying finance and becoming more financially literate enables people to make better personal financial decisions.
