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Darya [45]
3 years ago
15

As a manager at Johnson Electric, an armature motor manufacturer, Oliver is responsible for quality. As he carries out his contr

olling function, Oliver sets the standard for the number of defective parts per million, and then he gathers the data measuring the actual performance. What third step of the control function should Oliver take next?
Business
1 answer:
ryzh [129]3 years ago
7 0

Answer:

Third step in control function is to take corrective action

Explanation:

Control function is one the important managerial functions where the manager compares actual performance with that of estimated by the management. In case of any deviation, the manager prepares the corrective course of action and communicates the same to the upper management.

The upper management keeps this feedback in mind while formulating goals and objectives in future. Here, Oliver compares actual performance based on number of defective parts set and takes corrective action if actual number of defective parts is more than estimated.

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Mortimer loves sushi. he loves sushi so much that he asks his congressional representative to work for passage of a binding pric
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First option.

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3 years ago
Monitor Muffler sells franchise arrangements throughout the United States and Canada. Under a franchise agreement, Monitor recei
Sliva [168]

Answer:

1. $163,800

2. Dr Cash $ 89,000

Dr Notes receivable $ 671,000

Cr Deferred revenue $ 760,000

3. $ 607,120

Explanation:

1. Computation of the amount that Monitor would calculate as the stand-alone selling price

Total amount of franchise agreement $760,000

Less: stand-alone selling price of training $ (18,200)

Less: stand-alone selling price of building and equip $ (578,000)

Stand-alone selling price of five-year right $163,800

2. Preparation of journal entry that Monitor would record on July 1, 2016,

Dr Cash $ 89,000

Dr Notes receivable $ 671,000

(760,000-89,000)

Cr Deferred revenue $ 760,000

3. Calculation for the amount of revenue that Monitor would recognize in the year ended December 31, 2016,

Revenue to be recognised on:

1st Sep 2021:

Training $ 18,200

Building and Equipment sale $ 578,000

31st Dec 2021:

$163,800/60 Months*4 Months $ 10,920

Total Revenue to be recognized $ 607,120

Note that five-year will give us 60 months (5*12months and September to December will give us 4 months

6 0
3 years ago
Running a company and protecting the interests of owners and other stakeholders is known as _____.
alexandr1967 [171]

Running a company and protecting the interests of owners and other stakeholders is known as <u>Corporate Governance</u>.

<h3>What is a Corporate Governance?</h3>

Basically, the corporate governance refers to the system by which companies are directed and controlled.

The Boards of directors are responsible for the governance of their companies while the shareholders' role in governance is to appoint the directors.

Therefore, the running of a company and protecting the interests of owners and other stakeholders is known as corporate Governance.

Read more Corporate Governance

brainly.com/question/14522678

#SPJ1

3 0
1 year ago
What is the name of the document that companies use to report quarterly financial results?.
Fynjy0 [20]

Answer:

 Form 10-Q

Explanation:

5 0
2 years ago
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