Being antisocialble with people can lead you in serious danger

With the balanced scorecard approach, the entire focus is on measuring and managing specific financial goals based on the organi

steposvetlana [31]

With the balanced scorecard approach, the entire focus is on measuring and managing specific financial goals based on the organization's strategy. is a "false" statement.

<h3>What is balanced scorecard?</h3>

The term "balanced scorecard" refers to the idea of using both conventional financial measures and strategic metrics to obtain a more "balanced" picture of success.

The balanced scorecard idea has developed beyond the straightforward application of viewpoints to become a comprehensive framework for managing strategy.

A system for strategic management and planning is the balanced scorecard (BSC). Businesses employ BSCs to:

Tell others what they want to achieve.
Align the job that everyone does on a daily basis with the plan
Make projects, commodities, and services a priority.
Track and evaluate your progress toward your strategic goals.

The ability to "connect the dots" between the various elements of strategic planning and management is one of the main advantages of using a disciplined framework.

To know more about the balanced scorecard, here

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8 0

1 year ago

Listed below are a few events and transactions of Kodax Company.

oksian1 [2.3K]

Answer:

Year 1

Jan. 2 Purchased 82,000 shares of Grecco Co. common stock for $546,000 cash. Grecco has 246,000 shares of common stock outstanding, and its activities will be significantly influenced by Kodax.

Dr Investment in Grecco Co. 546,000

Cr Cash 546,000

Sept. 1 Grecco declared and paid a cash dividend of $1.30 per share.

Dr Cash 106,600

Cr Investment in Grecco Co. 106,600

Dec. 31 Grecco announced that net income for the year is $510,900.

Dr Investment in Grecco Co. 170,300

Cr Revenue from investment in Grecco Co. 170,300

Year 2

June 1 Grecco declared and paid a cash dividend of $3.20 per share.

Dr Cash 262,400

Cr Investment in Grecco Co. 262,400

Dec. 31 Grecco announced that net income for the year is $740,400.

Dr Investment in Grecco Co. 246,800

Cr Revenue from investment in Grecco Co. 246,800

Dec. 31 Kodax sold 13,000 shares of Grecco for $99,500 cash.

each share is worth = $7.2695

Dr Cash 99,500

Cr Investment in Grecco Co. 94,504

Cr Gain from investment in Grecco Co. 4,996

7 0

2 years ago

Bade Midwifery's cost formula for its wages and salaries is $1,230 per month plus $240 per birth. For the month of October, the

jasenka [17]

Answer:

wages and salaries activity variance= $1,000 unfavorable

Explanation:

Giving the following information:

Standard:

Fixed= $1,230

Variable= $240 er birth

Actual:

101 births.

The actual wages and salaries for the month was $26,470.

To calculate the activity variance for wages, we need to use the following formula:

wages and salaries activity variance= (actual costs - standards costs)

standards= 1,230 + 240*101= $25,470

wages and salaries activity variance= (26,470 - 25,470)

wages and salaries activity variance= $1,000 unfavorable

7 0

2 years ago

Colley Company uses the allowance method for bad debts and has the following information before the year end adjusting entry: Ac

Leona [35]

Answer:

If the company used the percentage of sale method and estimates bad debts to be 2% of sales what is the amount of bad debt expense:

D) 15,500

If the company uses the percentage of accounts receivable method and estimates 4% of accounts receivable will be uncollectible

A) 4,300

Explanation:

The percentage of sale method

800,000 2% 16,000

Initial Balance

Accounts Receivable $ 120,000

Allowance for Uncollectible Accounts $ 500

Allowance for Uncollectible Accounts $ 15,500

Accounts Receivable $ 15,500

Accounts Receivable Method 4% 4,800

Bad debt expense $ 4,300

Allowance for Uncollectible Accounts $ 4,300

8 0

2 years ago

Contribution margin is always the same as gross profit margin. is calculated by subtracting total manufacturing costs per unit f

goldfiish [28.3K]

Answer: equals sales revenue minus variable costs

Explanation: In simple words, contribution margin refers to the amount of revenue that an organisation is left with after paying for the variable expenses that are incurred for the generation of such revenue.

It is an important aspect of an organisation as it somehow depicts the ability of it to pay its fixed expenses like interests etc.

7 0

2 years ago