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3 years ago

Why managers need conceptual skill and why it's important.

Business

1 answer:

Paladinen [302]3 years ago

3 0

<u>Explanation:</u>

Conceptual skills are the skills which are utilized by the manager of an organization to see the organization as a whole entity which has interrelated functions. Managers should know the organizational environment and the way the organization adapts itself into it.

Creative thinking and decision making skills are appropriate for successful managers and with conceptual skills they have the capability for this. The complicated situations in the organization can be handled with innovative approach if the managers possess conceptual skills.

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17. Which of the following is an example of a

arlik [135]

Answer:

The answer is a. hope that helps ya

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3 years ago

Abbe Corporation uses activity-based costing. The company makes two products: Product A and Product B. The annual production and

zepelin [54]

Answer:

Activity Rates are:

1 = $14.55 per activity

2 = $8.69 per activity

3 = $57.47 per activity

Cost per product

A = $32.2525

B= $34.7333

Explanation:

As for the provided information,

There are three activities.

Activity 1 = $17,460 and total = 1,200

Rate of activity = $17,460/1,200 = $14.55 per activity

Activity 2 = $19,987 and total activity = 2,300

Rate of activity = $19,987/2,300 = $8.69 per activity

Activity 3 = $29,884 and total activity = 520

Rate of activity = $29,884/520 = $57.47 per activity.

Costs of each product

Product A = ($14.55 $\times$ 600) + ($8.69 $\times$ 1,700) + ($57.47 $\times$ 40)

= $8,730 + $14,773 + $2,298

= $25,801

Cost per unit = $25,802/800 = $32.2525

Product B = ($14.55 $\times$ 600) + ($8.69 $\times$ 600) + ($57.47 $\times$ 120)

= $8,730 + $5,214 + $6,896

= $20,840

Cost per unit = $20,840/600 = $34.73

7 0

3 years ago

O'Brien Ltd.'s outstanding bonds have a $1,000 par value, and they mature in 25 years. Their nominal yield to maturity is 9.25%,

kozerog [31]

Answer:

8.99%

Explanation:

For this question we use the PMT function that is presented on the excel spreadsheet. Kindly find it below:

Given that,

Present value = $975

Future value = $1,000

Rate of interest = 9.25% ÷ 2 = 4.625%

NPER = 25 years × 2 = 50 years

The formula is shown below:

= PMT(Rate,NPER,-PV,FV,type)

The present value come in negative

So, after solving this, the PMT is $44.96

Now the annual PMT is

= $44.96 × 2

= $89.92

So, the coupon interest rate is

= $89.92 ÷ $1,000

= 8.99%

4 0

4 years ago

A seller listed a property for $96,000. The property sold for $94,000. How would the purchase price appear on a full settlement

olganol [36]

Answer:

Debiting the buyer and crediting the seller by $94,000

Explanation:

Since the seller listed a property for $96,000 and it sold for $94,000, so the purchase price would be selling price of the property as the property would be sold and the other person pays the money to buy the property.

So, the purchase price would appear through

Debiting the buyer and crediting the seller by $94,000

Buyer A/c Dr $94,000

To Seller A/c $94,000

(Being purchase of property is recorded)

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3 years ago

A net pay can be defined as

JulsSmile [24]

The remaining amount of an employee's gross pay after deductions, such as taxes and retirement contributions, are made.

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3 years ago