There are five commonly known management functions: <u>planning, organizing, staffing, directing, and controlling. </u>
The management function that Jerome is engaging in when he’s monitoring time to hire and cost of hires is called controlling.
Controlling is defined as <em>ensuring that things are going well by measuring the rights metrics and comparing to expected performance, as well as taking corrective actions when necessary.
</em>
Answer:
Using predetermined totals to control posting routines.
Explanation:
A validation methods to avoid errors is the batch total control, that verificate the transcription errors and transportation errors.
Validations aims to make sure that data is sensible, reasonable, complete and within acceptable boundaries.
The batch total checks that something is not missing by adding together a number field in different records and checking the total. For example, if an invoice has three items costing 1,2 and 3, the control will look for a batch total of 6.
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Answer:
8.90%
Explanation:
D = $3.80
P = $42.70
Tax = 21%
R =?
from the given information the dividend model is to be used
P = D1/r-g
42.70 = 3.80/r-0
42.70r =3.80
r =3.80/42.70
r =0.8899/8.90%
Answer:
EBIT = $2.076 million
Explanation:
<em>The market value can be ascertained by discounting the earnings after tax by the weighted average cost of capital (WACC).</em>
So we put dis in an equation;
Market Value = Earnings after tax /WACC
<em>Earnings after tax = (1-tax rate ) × EBIT</em>
<em>Note EBIT means earning before interest and tax. And we don't have this figure. So we denote it with letter " y "</em>
Earnings after tax = (1-0.25) × y
= 0.75y
<em>Substitute this into the market value equation, then we have;</em>
Market Value = Earnings after tax /WACC
17.5 = 0.75y/0.089
0.75y = 17.5× 0.089
y = (17.5 × 0.089)/0.75
y = $2.076 million
EBIT = $2.076 million