Controlling exists the method of monitoring operating results and comparing actual results with the expected results.
<h3>What is meant by Controlling?</h3>
Controlling is a management function that aids in obtaining desired results from employees at all organisational levels, including managers and subordinates. The managing function aids in tracking advancement toward corporate objectives, identifies deviations, and suggests necessary remedial action.
Control is a management function that aids in error detection and the implementation of corrective measures. This is done to reduce departure from standards and make that the organization's stated goals are met in the desired way.
Comparing actual performances with anticipated outcomes is controlling's most crucial task. Managers can then better grasp their strengths and areas for improvement as a result. With this knowledge, managers can make the most use of all resources and avoid wasting them.
Hence, Controlling exists the method of monitoring operating results and comparing actual results with the expected results.
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Answer:
What was the net cash flow from operating activity? $959
Explanation:
Net Income 911
Addition to cash
Depreciation 47
958
Operation activities
Account Payable 15 Increase
Account receivables -28 Increase
Inventory 14 Decrease
Cash flow from
operating activities 959
Answer:
Contract 2 offers the most value.
Explanation:
a) Data and Calculations:
Payment terms of the contracts:
(dollars in millions)
Year Contract 1 Contract 2 Contract 3
1 $1.50 1.0 3.5
2 $1.50 1.5 0.5
3 $1.50 2 0.5
4 $1.50 2.5 0.5
Discount rate = 12%
Present value of Contract 1:
PV annuity factor at 12% for 4 years = 3.037
PV annuity of $1.50 = $1.50 * 3.037 = $4.5555 or $4,555,500
Present value of Contract 2:
$1.0 * 0.893 = $0.893
$1.5 * 0.797 = 1.1955
$2 * 0.712 = 1.424
$2.5 * 0.636 = 1.59
Total = $5.1025 or $5,102,500
Present value of Contract 3:
$3.5 * 0.893 = $3.1255
$0.5 * 0.797 = 0.3985
$0.5 * 0.712 = 0.356
$0.5 * 0.636 = 0.318
Total = $4.198 million or $4,198,000
Answer:
March 31, outstanding debt $25,000
During April $10,000 more merchandise is sold to Cars inc. (COGS $8,000)
Cars paid $12,000 to Preston to lower its accounts payable
On March 31, Preston's balance sheet showed an accounts receivable of $25,000.
On April 30, the accounts receivable balance is $23,000, the cash balance increased by $12,000 and retained earnings should increase by $2,000.
The income statement should show an increases in sales revenue of $10,000 - $8,000 COGS = $2,000 profit (which increases retained earnings).
Answer: Option (d) is correct.
Explanation:
The individual's willingness to pay for a product tells us about the value or worthiness of that good to that individual and people attached these value on the product according to the utility that they are getting from the product. So, firms observed these individual behaviors to set the price of a commodity or a good. They are trying to set prices below or equal to the willingness of the individuals.