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Doss [256]
3 years ago
13

Ellen, as a manager, has always been driven by scheduling, directing group activities, planning, and trying out new ideas. For h

er, meeting deadlines is critical and she always gives explicit standards of performance. Ellen can be described as high on which of these?
a. Transformation
b. Delegating
c. Consideration
d. Participating
Business
1 answer:
lana66690 [7]3 years ago
4 0

Answer: Delegating

Explanation:

Delegation is a concept of a managerial leadership  which involves the transfer and directing of specific and explicit  duties or activities on what needs to be accomplished and how it should be carried out  usually by  an experienced manager to his or her subordinates especially for the outcome of work which he or she is accountable for.

Here, Ellen is always scheduling, directing and gives explicit standard of performance shows she is high on Delegating duties.

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On May 7, Juanita Construction provides services on account to Michael Wolfe for $4,000. Michael pays for those services on May
Kazeer [188]

Explanation:

May 7

Credit sales of $4,000 which means accounts receivable will increase by $4,000 and Sales revenue will also raise b y the same amount

May 13

Collection on account of May 7th sales which means the account receivable will go down by $4,000 and cash will increase by $4,000

Journal entries

DATE                                     Particulars                                             Amount

May 7th                    Account receivable (+A) Dr.                                $4,000

                                                to Sales revenue (+Equity)                  $4,000

                                        ( To record the credit sales)

May 13th                 Cash (+A)  Dr.                                                         $4,000

                                                 to Accounts receivable(-A)                 $4,000

                                  (To record the receipt of cash)  

5 0
4 years ago
Sheridan Company uses the periodic inventory system. For the current month, the beginning inventory consisted of 485 units that
Kipish [7]

Answer:

Value of closing inventory = $25771.04

Explanation:

To calculate the value of ending inventory under a periodic average cost method, we will calculate the average price per unit of inventory at the end of the month. To calculate the average price per unit, we simply divide the total cost of the inventory by the total number of units for the month.

Average cost per unit = Total cost of all units for the month / Total units available for the month

<u />

<u>Total cost of all units:</u>

Beginning inventory (485 * 66)            32010

Purchase 1     (725 * 69)                        50025

Purchase 2     (364 * 71)                    <u>    25844</u>

Total                                                       107879

<u>Total Units</u>

Beginning Inventory     485

Purchase 1                     725

Purchase 2                    <u>364</u>

Total                              1574

Average cost per unit =   107879 / 1574

Average cost per unit = $68.54

Units of closing inventory = 1574 - 1198     =   376 units

Value of closing inventory =  376 * 68.54

Value of closing inventory = $25771.04

6 0
3 years ago
LO 3.4A company sells two products, Model 101 and Model 202. For every one unit of Model 101, they sell they sell two units of M
dexar [7]

Answer:

The sales mix is 1:2.

                           Model 101          Model 102

Selling Price                       21             56

Variable Cost              -14            -35

Contribution Per Unit       7               21

Multiply Sales Mix Ratio       1               2

Weighted Contribution       7                      42

Now add the weighted Contribution to compute Contribution margin per composite unit which is 7+42=$49

Explanation:

I assumed that the cost and selling price here for Model 101 is $14 and $21 respectively. Similarly the cost and selling price of Model 102 is $35 and $56 respectively.

Remember that Contribution margin per composite unit means that we will earn 49 dollars(combined contribution of sales mix) if we sell the sale mix of Model 101 and 102 which is 1:2.

6 0
3 years ago
A mask company set up a hospitality tent outside the Olympics arena. Its goal was to eoncourage patrons to view it as an Olympic
Grace [21]

Answer: Ambush Marketing

Explanation:

The mask company is engaged in Ambush marketing in the Olympics event.

Ambush marketing is a marketing technique that businesses use to give the public an impression that they are sponsoring an event when they aren't.

3 0
3 years ago
For a recent year, McDonald's Company-owned restaurants had the following sales and expenses (in millions): Sales $25,700 Food a
Aleks [24]

Answer:

a. $9,338

b. 0.363

Explanation:

a. Contribution Margin  = Sales - Variable Cost

Where Sales = $25,700

Variable Cost = Food & Packaging + Payroll + 40% x General, Selling and Administrative expenses

V.C. = 8,982 + 6,500 + 40% * 3,700

V.C = 8,982 + 6,500 + 1,480

= $16,362

Therefore, Contribution Margin  = Sales - Variable Cost  

= $25,700 - $16,362

=$9,338

b. McDonald's contribution margin ratio  = Contribution Margin / Sales

= $9,338 / $25,700

= 0.363

6 0
3 years ago
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