Answer:
Answer is CONTROLLING.
This is an important task in CONTROLLING stage of the managerial process.
Explanation:
Managerial process is the process a manager uses to manage a function, and what steps he or she has to take to make sure the job gets done. There are four parts to the management process: planning, organizing, leading/directing, and controlling.
In the planning stage, a manager determines how best to accomplish a set goal.
During the organizing stage, he determines how best to allocate resources to achieve the goal.
The directing/leading stage involves the manager motivating and directing employees to work toward the goal.
The controlling stage requires the manager to evaluate and monitor their progress. It consists of activities like; measuring the performance, comparing with the existing standard and finding the deviations, and correcting the deviations.
Therefore, what Dawn does is an important task in CONTROLLING stage of the managerial process.
Answer:
$ 75 000
Explanation:
Economic profit = total revenue from sales - ( total expenses + opportunity cost) = $ 600000 - ( $ 200000 + $ 175 000 + $ 45000 + $ 105000) = $ 75 000
= Fixed Expenses/Weighted Average CM Ratio
Break-even point = P183,750 / (210,000/400,000)
= P350,000
The break-even point is the point at which total costs equal total sales, and there is no loss or profit for a small business. This means that we have reached a production stage where production costs are comparable to product sales.
The break-even point is used in several areas of economics and finance. In accounting terms, it refers to the level of production at which the total revenue from production equals the total cost of production. In investing, the break-even point is the point at which the original cost equals the market price.
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Revenue is the money a company earns from providing services or selling goods to customers
Revenue, which is determined as the average sales price multiplied by the quantity of units sold, is the money made from regular business operations. To calculate net income, expenses are deducted from the top line's (or gross income) total. In the income statement, revenue is referred to as sales.
A company's income is the cash that is generated by its operations. Depending on the accounting technique used, there are various methods for calculating revenue. Sales made with credit will be counted as revenue when it comes to the delivery of goods or services to the customer under accrual accounting. Even if payment hasn't yet been received, revenue may still be recorded in accordance with certain regulations.
To evaluate how successfully a business collects debt, it is important to review the cash flow statement for Revenue.
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