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Olegator [25]
2 years ago
15

Chase is a manager for World Graphic Design, Inc., a firm that designs and manufactures greeting cards, invitations, announcemen

ts, and other event material. Chase spends a lot of time trying to find the right people for various positions at his company. These efforts are part of the controlling function of management.
a. True
b. False
Business
1 answer:
marissa [1.9K]2 years ago
7 0

Answer:

The correct answer is letter "B": False.

Explanation:

The controlling function of management is characterized by having managers supervise employees on the progress of their tasks to find out if they are meeting the expectations the company has from them and to verify if they are reaching the objectives the firm hired them for. It has nothing to do with the fact of seeking and recruiting the best prospective employees for the job positions necessary in the organization.

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Purple Feet Wine, Inc., receives an average of $14,000 in checks per day. The delay in clearing is typically four days. The curr
Dominik [7]

Answer:

The correct answer is $56,000.

Explanation:

According to the scenario, the given data are as follows:

Average checks per day = $14,000

Days in clearing = 4 days

Interest rate = 0.018% per day

So, we can calculate the company's float by using following formula:

Company's Float = Average checks per day × Days in clearing

By putting the value in the formula, we get

Company's Float = $14,000 × 4

= $56,000

8 0
3 years ago
Decision alternatives:_______
LenaWriter [7]

Answer:

The correct answer is letter "A": should be identified before decision criteria are established.

Explanation:

Decision criteria represent the set of steps individuals take while making a decision. Before taking a decision and selecting decision criteria, the decision alternatives must be outlined. Thanks to these alternatives a problematic situation will be resolved.

3 0
3 years ago
Kela Corporation reports net income of $550,000 that includes depreciation expense of $76,000. Also, cash of $53,000 was borrowe
Bogdan [553]

Answer:

$626,000

Explanation:

Kela corporation has a net income of $550,000

Depreciation expense is $76,000

Cash is $53,000

Therefore the total cash inflows from operating activities can be calculated as follows

=$550,000 + $76,000

$626,000

Hence the total cash inflow from operating activities is $626,000

3 0
3 years ago
Madzinga's Draperies manufactures curtains. A certain window requires the following:
Degger [83]

Answer:

Results are below.

Explanation:

<u>To calculate the direct material price and quantity variance, we need to use the following formulas:</u>

<u></u>

Direct material price variance= (standard price - actual price)*actual quantity

Direct material price variance= (5 - 4.9)*14,000

Direct material price variance= $1,400 favorable

Actual price= 68,600/14,000= $4.9

Direct material quantity variance= (standard quantity - actual quantity)*standard price

Direct material quantity variance= (1,500*10 - 14,000)*5

Direct material quantity variance= $5,000 favorable

<u>To calculate the direct labor efficiency and rate variance, we need to use the following formulas:</u>

Direct labor time (efficiency) variance= (Standard Quantity - Actual Quantity)*standard rate

Direct labor time (efficiency) variance= (5*1,500 - 7,600)*10

Direct labor time (efficiency) variance= $1,000 unfavorable

Direct labor rate variance= (Standard Rate - Actual Rate)*Actual Quantity

Direct labor rate variance= (10 - 10.5)*7,600

Direct labor rate variance= $3,800 unfavorable

Actual rate= 79,800 / 7,600= $10.5

6 0
2 years ago
StartUp Investors, LLC, is a limited liability company without a written operating agreement. Among the members, a dispute arise
ololo11 [35]

Answer:

The answer is a:

distributed according to the members' proportionate shares of ownership in the firm.

Explanation:

A limited liability company (LLC) is a corporate structure, whereby the owners are not personally liable for the company's debts or liabilities. Limited liability companies are hybrid entities that combine the characteristics of a corporation with those of a partnership or sole proprietorship.

LLCs are governed by the rules of the state in which they were formed. State rules provide for the allocation of LLC profit according to each member's percentage of ownership interest.

In this scenario, the written operating agreement does not exist. If a profit allocation arrangement is not outlined in the operating agreement, or the operating agreement is not formed, then the state's default profit allocation rules will apply, requiring profits to be distributed according to their percentage of ownership.

7 0
3 years ago
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