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erica [24]
4 years ago
11

"Try reorganizing your company. Make sure that all of the employees who are doing one kind of work report to the same manager. W

hen companies have unity of direction, they are more efficient."
a) scientific management
b) bureaucratic management
c) administrative management
Business
1 answer:
aliya0001 [1]4 years ago
4 0

Answer:

b) Bureaucratic Management

Explanation:

Try reorganizing your company. Make sure that all of the employees who are doing one kind of work report to the same manager. When companies have unity of direction, they are more efficient is an perfectly happens in bureaucratic management. It was suggested by Max Weber, a famous sociologist, where he basically proposed that each and every organisation should have a clear hierarchy in which different people needs to be placed at different levels of organisation, they need to reported to certain and particular managers and bosses, like top level managers, middle level managers and low level manager. With the help of this hierarchy, tasks also needed to be arrange under certain labels or heading, for example, promotion related tasks need to assigned to marketing manager, whereas, purchasing and manufacturing related activities will be looked after by the production manager.

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W. W. Phillips Company produced 4,000 leather recliners during the year. These recliners sell for $400 each. Phillips had 500 re
andre [41]

Answer:

a. Statement of cost of goods manufactured.

                                                                        $                           $

Beginning work-in-process inventory                                   13,040

Raw Materials :

Beginning materials inventory                    46,800

Add Purchases of raw materials               320,000

Available for Production                            366,800

Ending materials inventory                         (66,800)         300,000

Direct labor                                                                         200,000

Indirect labor                                                                         40,000

Rent, factory building                                                           42,000

Depreciation, factory equipment                                        60,000

Utilities, factory                                                                       11,900

Ending work-in-process inventory                                      (14,940)

Cost of goods manufactured                                            652,000

b. Average cost of producing one unit of product in the year.

Average cost = Total Cost ÷ Total units produced

                      = $652,000 ÷ 4,000

                      = $163.00

c. Prepare an income statement for external users.

                                                                                             $

Sales (3,800 ×  $400)                                                  1,520,000

Less Cost of Goods Sold ($163.00 × 3,800)                (619,400)

Gross Profit                                                                    900,600

Less Expenses :

Salary, sales supervisor                                                 (90,000 )

Commissions, salespersons                                         (180,000 )

General administration                                                 (300,000)

Net Income / (Loss)                                                        330,600

Explanation:

<u>Determination of  leather recliners sold during the year.</u>

Units Sold = Opening Finished Inventory  + Units Produced - Ending Finished Inventory

                 = 500 + 4,000 - 700

                 = 3,800

Other Notes :

Include only manufacturing costs in the statement of goods manufactured.

External users would want to see an income statement prepared using an absorption costing system in line with financial reporting standards.

5 0
3 years ago
James Bright's company seeks markets all over the world and attempts to sell products that are a result of planned production fo
drek231 [11]

Answer: (D)  International marketing

Explanation:

 The international marketing is the process of satisfying the actual needs and the requirement of the different types of people inside and also outside the national borders.

The following are the various types of international marketing benefits are:

  • We can use the global web strategy
  • Direct investment
  • Export the various types of products and the services easily

 According to the given question, the international marketing is one of the stage which best characterized the Mr.Bright company in the market. Therefore, Option (D) is correct.

4 0
3 years ago
Will, who is single and age 50, is employed as a full-time tax accountant at a local manufacturing company where he earns $83,00
fenix001 [56]

Answer: The options available to Will include; the Keogh plan, the SIMPLE IRA and the ROTH plan.

Explanation: The Keogh plan is a tax- deferred benefit plan available to self employed individuals or unincorporations.

A Savings Incentive Match Plan for Employees Individual Retirement Account, "SIMPLE IRA" is a tax-deferred retirement plan provided by the employer that allows employees to set aside money and invest it to grow for retirement.

A Roth IRA is an individual retirement account that is generally not taxed upon distribution, provided certain conditions are met.

5 0
3 years ago
Households receive a total income of $5 million. Of this, $3.5 million are wages received for laborservices, $1 million are rent
kumpel [21]

Answer:

profit = 250,000

Explanation:

Factor Income is derived from the sum of the Factor of Production

Labor, Land, Capital and Enterprise

Income = wages + rent + interest + profit

To get profit, which is the retribution for the entrepreneur we post our know values and solve for p.

5,000,000 = 3,500,000 wages + 1,000,000 rent + 250,000 interest + p

5,000,000 - 3,500,000 - 1,000,000 - 250,000 = p

p = 250,000

3 0
4 years ago
The management of Advanced Alternative Power Inc. is considering two capital investment projects. The estimated net cash flows f
AlexFokin [52]

Answer:

Wind turbine

NPV = $82,629.57

IRR = 10%

PVI = 1.09

Biofuel

NPV = $128,431.68

IRR = 12%

PVI = 1.14

Explanation:

Net present value is the present value of after-tax cash flows from an investment less the amount invested.

Internal rate of return is the discount rate that equates the after-tax cash flows from an investment to the amount invested

NPV and IRR can be calculated using a financial calculator

Wind Turbine

Cash flow in year 0 = $-887,600,

Cash flow in year 1 - 4 = 280,000

I = 6%

NPV =   $82,629.57

IRR = 10%

Biofuel

Cash flow in year 0 =  $-911,100

Cash flow in year 1 - 4 = $300,000

I = 6%

NPV = $128,431.68

IRR = 12%

present value index = 1 + (NPV / initial cost of the the project)

Wind turbine

1 + ($82,629.57 /  $-887,600 =  1.09

Biofuel

1 + ( $128,431.68 / $911,100) = 1.14

To find the NPV using a financial calculator:

1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.

2. after inputting all the cash flows, press the NPV button, input the value for I, press enter and the arrow facing a downward direction.  

3. Press compute  

To find the IRR using a financial calculator:

1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.

2. After inputting all the cash flows, press the IRR button and then press the compute button.  

4 0
3 years ago
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