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4 years ago

One important managerial function is controlling, and the first step in the controlling process consists of

1 answer:

6 0

One important managerial function is controlling, and the first step in the controlling process consists of setting clear performance standards.
The goal of the controlling is to control that standards are met and stated goals of the organization are achieved .
Standards are used to measure the actual performance and are the benchmarks towards which efforts of entire organisation are directed. Some examples of standards are: revenue to be earned, cost to be incurred., improved motivation, improved quality of products,..

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Riverbed Corporation issued 1,900 shares of $10 par value common stock upon conversion of 950 shares of $50 par value preferred

masya89 [10]

Answer:

The answer is given below;

Explanation:

Preference stocks 950*50 Dr.$47,500

Paid in capital in excess of par-preference shares Dr.$ 13,300

(64-50)*950

Common Stocks 1,900*10 Cr.$19,000

Paid in capital in excess of par-common stocks Cr.$41,800

(64*950)-(1900*10)

8 0

3 years ago

Suppose the price level reflects the number of dollars needed to buy a basket of goods containing one can of soda, one bag of ch

Virty [35]

Answer:

Year 1, Year 2 purchasing power = 8 , 9 (respectively). As price level fall, value of money Increases

Explanation:

Year one purchasing power = Money ($) / Price per basket = 72 / 9 = 8

Year two purchasing power = Money ($) / Price per basket = 72 / 8 = 9

This implies that, as price level falls (from 9 to 8 here) ,the value of money ie purchasing power increases (from 8 to 9)

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3 years ago

You decide to open a bookstore with a wide selection, comfortable seating, and an internal coffee shop because it has worked ver

amid [387]

Yes because you aren’t doing anything special with your bookstore since it is the same as others

5 0

3 years ago

The field of artificial intelligence, which would not be possible without database technology, includes all but which one of the

PolarNik [594]

I don’t know okay sorry

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4 years ago

The following standards for variable manufacturing overhead have been established for a company that makes only one product: Sta

galben [10]

Answer:

See below

Explanation:

Given the following;

Standard hours per unit of output 6.4 hours

Standard variable overhead rate $12.80 per hour

Actual hours 2,650 hours

Actual output 150 units

To calculate the variable overhead efficiency variance, we will use the formula below;

Variable overhead efficiency variance

= (Standard quantity - Actual quantity) × Standard rate

Standard quantity = 150 units × 6.4 = 960

Variable overhead efficiency variance

= (960 - 2,650) × $12.80

= $21,632 unfavourable

4 0

3 years ago