Answer:
national credit act is the act that was introduced to protect consumers against unfair and reckless credit granting by businesses
consumer protection act it aim is to promotes /protect the economic interest of consumers by providing them information so that they make informed choice
Answer: D. balance sheet only
Explanation: The transaction will immediately affect the "balance sheet only" not the income statement or retained earnings.
Balance sheet shows the business net worth. Balance sheet shows the financial position of a business listing the liabilities and assets and owners equity at a particular time.
So Genesis buying a new equipment on credit will show in its balance sheet.
Answer:
$133,928.57
Explanation:
Break even revenue = Fixed cost / contribution to sales ratio
Contribution to sales ratio = Selling price - Variable cost / selling price
Fixed cost = $60000
Variable cost= $16 per unit
Selling price = $29 per unit
Contribution to sales ratio = 29 - 16/ 29 = 13/29 = 0.448
Break even revenue = 60000/0.448 = $133,928.57
Answer and Explanation:
The computation is shown below:
a) utilization is
= customer per hour ÷ number of booths × service rate
For ticket counter
= 180 ÷ 2 × (1 ÷ .75)
= 180 ÷ 2 × 1.33
= 67.67
= 68 %
For refreshment counter
= 180 × 0.85 ÷ 8 × (1 ÷ 3)
= 153 ÷ 2.64
= 57.95
= 58%
b)capacity is
= no. of resources ÷ processing time
= 2+8 ÷ 45+180
= 10 ÷ 225
= 0.044
= 0.04 customer per second
= 144 customer per hour
The flow rate of customer per hour is 144 customer
c) 1 resource added to ticket booth is
= 11 ÷ 225
= 0.048
= 176 customer per hour
Answer:
Generally speaking, there are five functions of Management. They are:
- Setting Objectives
- Planning
- Execution
- Measurement
- Control
The two functions of management identifiable from the passage are:
- The setting of Objectives and
- Control
Explanation:
Objectives in business are multilateral in nature. They speak to
- Identifying where the company wants to go
- How the company is going to get there
- Who the company will need to get there and
- What the company will need to get there
In the passage above, the company via it's general manager is defining clearly those the company will need and what each person's role is in helping to achieve such objectives
It is not the responsibility of the employee to define his or her own job or objectives. It is the responsibility of Management.
With regard to the second function which we will identify as Control, when management admits employees, there has to be structure otherwise there would be chaos.
It is the function of management to clearly define reporting lines. Who reports to whom? Who is responsible for overseeing who? Who will lead what team? etc.
We see from the passage that the general manager distributed jobs according to each employees ability. And in doing so also defined reporting lines.
This is an example of the Control function of management.
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