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tatuchka [14]
3 years ago
6

Rob Roberts founded Robertico, an equipment leasing company, three decades ago. Although he is now in his seventies, he still ha

s a "hands on" management style. His employees have learned that there isn't much point in making purchase recommendations for new equipment, because Rob is going to choose whatever he thinks is best regardless of their views. Robertico has a(n) ________ buying center culture.
Business
1 answer:
eimsori [14]3 years ago
7 0

Answer:

Autocratic

Explanation:

Autocratic culture is one where the leader is is the sole decision-maker, and makes decisions without consulting others. They use fear to gain control.

The disadvantage of this style is that there is little room for innovation as only one person is allowed to make business decisions.

In this case Roberts is a hands on manager and only chooses what he thinks is the best regardless of the views of his employees.

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uses two measures of activity, flights and passengers, in the cost formulas in its budgets and performance reports. The cost for
OLga [1]

Answer:

$11,026 Favorable

Explanation:

The computation of the  spending variance for plane operating costs in November is shown below:

= Budgeted cost -  Actual cost

= [(84 × $3,160) + (252 × $18) + $593,00] - $318,250

= $329,276 - $318,250

= $11,026 Favorable

5 0
3 years ago
Pratt, an owner of an appliance store, has a garage sale at his home where he sells old furniture and books. He sells a set of b
ELEN [110]

Answer:

false

Explanation:

8 0
3 years ago
Which is NOT an example of an expense a) advertising b)insurance c)dividends d)depreciation
docker41 [41]

Answer:

c. dividends

Explanation:

not payable... so

7 0
3 years ago
Tiger Trade has the following cash transactions for the period.
Valentin [98]

Answer:

1. Ending balance of cash is $31400

Explanation:

<u>1.</u>

Balance of cash at the beginning of the period is $4,300

+Cash received from sale of products to customers $ 36,500  

+Cash received from the bank for long-term loan 41,500

-Cash paid to purchase factory equipment (46,500 )  

-Cash paid to merchandise suppliers (11,300 )  

+Cash received from the sale of an unused warehouse 12,300  

-Cash paid to workers (23,300 )  

-Cash paid for advertisement (3,300 )  

+Cash received for sale of services to customers 26,500  

-Cash paid for dividends to stockholders (5,300 )  

Balance of cash at the beginning of the period is $31,400

<u>2.</u>

Cash Flow Statement

Cash flow from Operating Activities

Cash received from sale of products to customers $ 36,500  

Cash received for sale of services to customers 26,500  

Cash paid to merchandise suppliers (11,300 )

Cash paid to workers (23,300 )

<u>Cash paid for advertisement (3,300 )</u>

Total Cash Inflow / outflow from Operating Activity                               25,100

Cash flow from Investing Activities

Cash paid to purchase factory equipment (46,500 )

Cash received from the sale of an unused warehouse 12,300

<u>Cash paid for dividends to stockholders (5,300 )</u>

Total Cash Inflow / outflow from Investing Activity                             (39,500 )

Cash flow from Financing Activities

<u>Cash received from the bank for long-term loan 41,500</u>

Total Cash Inflow / outflow from Financing Activity                                41,500

Net cash Inflow / Outflow                                                                         27,100

Balance of cash at the beginning of the period is                                   <u>4,300</u>

Balance of cash at the beginning of the period is                                 <u>31,400</u>

8 0
3 years ago
Label each scenario with the term that best describes it. Use the midpoint method when applicable. Marcel Duchamp was a famous a
Masteriza [31]

Answer:

  • Paul Donut Franchisee : Perfectly Elastic Supply
  • P & G Facial Tissues : Elastic Supply
  • Papermate Pens : Inelastic Supply
  • Bright Ideas Lightbulbs : Perfectly Inelastic Supply

Explanation:

Price Elasticity of Supply is sellers' quantity supplied response to price change. P(Es) = % change in supply / % change in price.

Supply can be classified by Price Elasticity of Supply, as undermentioned :

  1. Elastic Supply : P(Es) > 1 ; % change in supply > % change in price
  2. Inelastic Supply :  P(Es) < 1 ; % change in supply < % change in price
  3. Unitary Elastic : P (Es) = 1 ; % change in supply = % change in price
  4. Perfectly Elastic Supply : P(Es) = ∞ ; Supply responds infinitely to any slight price change & so prices are constant.
  5. Perfectly Elastic Supply : P (Es) = 0 ; Supply responds negligibly to massive price change & so quantity supplied is constant
  • Paul Donut Franchise : Unlimited Supply at constant price, so supply perfectly elastic
  • P & G facial tissues : % change in supply i.e 66% > % change in price i.e 10% , so supply is elastic
  • Papermate pens : % change in supply i.e 10 % < % change in price i.e 15% , so supply is inelastic
  • Bright Ideas Lightbulbs : % change in supply 15% negligible in relation to 400% price change , so supply is perfectly inelastic
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3 years ago
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