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Agata [3.3K]
3 years ago
14

When a customer is upset, Candace will often speak with the customer herself so the customer will feel Camp Bow Wow takes the is

sue seriously. In these situations, Candace is fulfilling__________ the role of management, which is part of the component. After being promoted to the manager job, Candace has probably used more _______________ skills than she used to.
Business
1 answer:
N76 [4]3 years ago
6 0

Answer:

The correct words for the blank spaces are: figurehead role of management ; human and conceptual.

Explanation:

The figurehead role of management is a concept widely described by Canadian Business Professor Henry Mintzberg (born in 1939) to represent the iconic hierarchical status of the manager in a company to impose ideas and good working practices within an organization. This role is mainly used in the face-to-face operations of a business. Human and conceptual skills are implemented at a higher stage of management normally when handling larger groups of people and when there is need of theoretical knowledge to take decisions that will make the firm maximize profits.

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Jiffy Park Corp. has annual sales of $50,736,000, an average inventory level of S15,010,000, and average accounts receivable of
FromTheMoon [43]

Answer:

Jiffy Park Corp.

Cash Conversion Cycle:

a. Prior to proposed changes:

CCC = 169 days

b. After implementing changes:

CCC = 129 days

c. The change in CCC is 40 days

d. It is significant.  It is about 24% reduction in the CCC.  It is equal to the days that payable are outstanding under the proposed plan.

Explanation:

a) Data and Calculations:

Current annual sales = $50,736,000

Average inventory level = $15,010,000

Average accounts receivable = $10,010,000

Cost of goods sold = 85% of sale s= $43,125,600

Normal Days Payable Outstanding = 30 days

New Plan:

Planned Days Payable Outstanding = 40 days

Annual sales = $50,736,000

Average inventory level = $13,060,000 ($15,010,000 - $1,950,000)

Average accounts receivable = $8,060,000 ($10,010,000 - $1,950,000)

Cash Conversion Cycle:

a. Prior to proposed changes:

Days Inventory Outstanding = $15,010,000/$43,125,600 * 365 = 127 days

Days Receivable OUtstanding = $10,010,000/$50,736,000 * 365 = 72 days

Days Payable Outstanding = 30 days

CCC = 169 (127 + 72 - 30) days

b. After implementing changes:

Days Inventory Outstanding = $13,060,000/$43,125,600 * 365 = 111 days

Days Receivable OUtstanding = $8,060,000/$50,736,000 * 365 = 58 days

Days Payable Outstanding = 30 days

CCC = 129 (111 + 58 - 40) days

c. The change in CCC is 40 days (169 - 129)

d. It is significant.  It is about 24% reduction in the CCC.  It is equal to the days that payable are outstanding under the proposed plan.

6 0
3 years ago
Greg’s Bicycle Shop has the following transactions related to its top-selling Mongoose mountain bike for the month of March. Gre
VLD [36.1K]

Answer:

Greg's Bicycle Shop

Ending Inventory:

a. Specific Identification:

Beginning inventory 1 * $230 = $230

March 9 purchase  2 *  $250 =  500

March 22 purchase 2 * $260 = 520

March 30   Purchase 8 * $280 =2,240

Total value of inventory 13 units = $3,490

Cost of goods sold = Cost of goods available for sale Minus Ending Inventory

= $11,940 - $3,490

= $8,450

b. FIFO:

March 22   Purchase     5   260     1,300

March 30   Purchase     8   280    2,240

Ending Inventory          13           $3,540

Cost of goods sold = Goods available for sale Minus Ending Inventory

= $11,940 - $3,540

= $8,400

c. LIFO:

Ending Inventory:

March 1  Inventory     13    $230         $2,990

Cost of goods sold = Goods available for sale Minus Ending Inventory

= $11,940 - $2,990

= $8,950

d) Weighted -Average Cost:

Ending Inventory = $248.75 * 13 = $3,233.75

Cost of Goods Sold = $248.75 * 35 = $8,706.25

                                      Specific          FIFO         LIFO         Weighted

                                Identification                                           Average

Sales                           $13,900       $13,900      $13,900       $13,900.00

Cost of goods sold        8,450           8,400         8,950         $8,706.25

Gross profit                 $5,450         $5,500      $4,950          $5,193.75

Explanation:

Dat and Calculations:

Shop uses periodic inventory system

Date           Transactions               Units      Unit Cost    Total Cost   Total

March 1      Beginning inventory     20          $230         $4,600       Sales

March 5     Sale ($360 each)                   15   $360                          $5,400

March 9     Purchase                       10            250           2,500

March 17    Sale ($410 each)                   8     $410                           $3,280

March 22   Purchase                      10            260           2,600

March 27   Sale ($435 each)                12     $435                         $5,220

March 30   Purchase                      8             280           2,240

Total Goods available for sale     48   35                     $11,940   $13,900

Ending Inventory = 13 (48 - 35)

Weighted average cost = Cost of goods available for sale/Units of Goods available for sale

= $11,940/48 = $248.75

Specific Identification:

March 5 sale 15 consists of bikes from 15 beginning inventory Bal 5 - 4 = 1

March 17 sale 8 consists of bikes from the March 9 purchase  Bal  = 2

March 27 sale 12 consists of four bikes from beginning inventory and eight bikes from the March 22 purchase Bal  = 2

Ending Inventory:

Specific Identification:

Beginning inventory 1 * $230 = $230

March 9 purchase  2 *  $250 =  500

March 22 purchase 2 * $260 = 520

March 30   Purchase 8 * $280 =2,240

Total value of inventory 13 units = $3,490

FIFO:

March 22   Purchase     5   260     1,300

March 30   Purchase     8   280    2,240

Ending Inventory          13           $3,540

LIFO:

March 1      Beginning inventory     13    $230         $2,990

Weighted-Average Costs:

Ending Inventory = $248.75 * 13 = $3,233.75

Cost of Goods Sold = $248.75 * 35 = $8,706.25

7 0
3 years ago
Which Of the following examples below, which is not an example of scarcity?
inessss [21]

The puppy mill that was shut down is not an example of scarcity. Scarcity means "lacking" whether of time, money, or resources. The puppy mill doesn't create scarcity, in fact it created a surplus of dogs available for adoption. So the answer is B.

4 0
3 years ago
The allowance method for uncollectible accounts is required by gaap because it conforms to the matching principle.
alexdok [17]
The answer would be TRUE because that is the definition, meaning, and purpose of the whole allowance method process since it goes to uncollectible accounts as a process.
7 0
4 years ago
Increased interest in cultural diversity can be attributed to all of the following except __________.
Igoryamba
Increased interests in cultural diversity can be attributed to personal travel, advances in communication and international trade, except natural selection. Cultural diversity refers to having a respect to different cultures and natural selections is not part of this.
7 0
4 years ago
Read 2 more answers
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