All categories

4 years ago

10 mangerials role in orgniztion

Business

1 answer:

zaharov [31]4 years ago

8 0

Top 10 Roles of the Manager in an organization:

1. Figurehead - the symbolic interpersonal duties such as welcoming guests, serving as the face of the team, etc.

2. Leadership

3. Liaison - serves as the intermediary between groups and departments, focusing on communication and coordination

4. Monitor- managers are responsible for overseeing work and making sure it is done correctly

5. Dissemination - managers are responsible for disseminating (sharing) information throughout the team

6. Spokesperson - represent the company when dealing with outsiders

7. Entrepreneurial - managers should always be working to innovate and improve how the business is run

8. Conflict management- managers have to handle disagreements between their subordinates

9. Resource allocation- managers are responsible for setting a budget and making sure resources are used in the appropriate ways

10. Negotiator - both internal and external negotiations are handled by the manager

You might be interested in

ACME Drilling is evaluating an offshore oil-drilling platform for possible impairment. The company estimates the following: book

alekssr [168]

Answer:

ACME Drilling should record impairment loss of $6.9 million

Explanation:

According to GAAP, when the fair value of an asset is below the net carrying amount of that asset ( Asset's historical cost - Asset's accumulated depreciation or the net book value of the asset), the Company should record it as asset impairment loss.

In ACME's case, the net book value is $18.6 million while the estimated fair value is only $11.7 million meaning that the platform is actually worth less than it is recorded on ACME's book. Thus, an impairment loss of $6.9 million should be recorded ( $18.6 million - $11.7 million) to realize the fair value of the oil-drilling platform.

The sum of projected sum of future cash flows in this case is not suitable to be used to determine the oil-drilling platform because it has not been discounted to the present value amount, and also, it is not appropriate under GAAP.

6 0

4 years ago

Accounts Receivable account has a beginning balance of $52,000 and an ending balance of $69,000. If $47,000 was sold on account

Thepotemich [5.8K]

Answer:

$30,000

Explanation:

Total collections on account is computed as;

= Accounts receivable at the beginning + Sales during the year - Accounts receivable at the end

Given that;

Accounts receivable at the beginning = $52,000

Sales during the year = $47,000

Accounts receivable at the end = $69,000

Therefore,

Total collections on account

= [($52,000 + $47,000) - $69,000]

= $30,000

8 0

3 years ago

A company with a completely fixed cost structure will have operating leverage of 1.a. Trueb. False

olganol [36]

Answer:

False. This is because 1 is an odd number and that it is too low in value.

5 0

3 years ago

A hospital uses a paper-based system. its kitchen staff prepares meals for everyone who is a patient in the hospital as of midni

Alenkasestr [34]

The hospital could adapt an enterprise process so that the kitchen staff is more efficient and doesn't waste food on patients who have already been discharged .
The enterprise process is type of process model which provides high-level-view and describes the full end‐to‐end activity needed to create the service or product of the process.

8 0

3 years ago

Boyne Inc. had beginning inventory of $12,000 at cost and $20,000 at retail. Net purchases were $120,000 at cost and $170,000 at

Nookie1986 [14]

Answer:

Ending inventory at cost $30,360

Explanation:

The computation of the ending inventory at cost using conventional retail method is shown below:

Particulars Cost Retail Cost to retail ratio

beginning inventory $12,000 $20,000

Add: purchase $120,000 $170,000

Add:Net markups $10,000

Less: net markdown -$7,000

Goods available for sale $132,000 $193,000

Cost to retail percentage 66% ($132,000 ÷ $200,000)

Less: net sales $147,000

Estimated ending inventory at retail $46,000

Ending inventory at cost $30,360

($46,000 ×0.66)

8 0

3 years ago