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Goshia [24]
3 years ago
5

Charles Clinton Spaulding, one of the pioneering theorists of administrative management, proposed eight _____ of management base

d in part on his childhood experiences working at his father's fields.
A. foundations
B. necessities
C. considerations
D. fundamentals
Business
1 answer:
nikitadnepr [17]3 years ago
4 0

Answer:

B, Necessities

Explanation:

Administrative management can be defined as the process of managing information between people in an organization.

One of the pioneering theorists of administrative management was Charles Clinton Spaulding. He was an African-American business leader as well as the  head of an insurance company, Mutual life insurance company, the largest black business in the USA at the time.

He postulated 8 necessities of administrative management and they are

1. Cooperation and teamwork

2. Authority and responsibility

3. Division of labor

4. Adequate manpower

5. Adequate capital

6. Feasibility studies/analysis

7. Advertising budget

8. Conflict resolution

Cheers.

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When Would you need to use Rule 72 ?
Yanka [14]
The rule<span> says that to find the number of years required to double your money at a given interest rate, </span>you<span> just divide the interest rate into </span>72<span>. For example, if </span>you<span> want to know how long it will take to double your money at eight percent interest, divide 8 into </span>72<span> and get 9 years.</span>
8 0
3 years ago
Read 2 more answers
Gene Simmons Company uses normal costing in each of its three manufacturing departments. Factory overhead is applied to producti
kolbaska11 [484]

Answer:

<u>Required A</u>

Part 1

<em>Actual overhead rate = Actual Overheads ÷ Actual hours used</em>

Therefore,

Dep A = $35,640 ÷ 8,100 = $4.40

Dep B = $36,040 ÷ 1,440 = $25.03

Dep C = $38,220 ÷ 1,280 = $29.86

Part 2

<em>Overheads applied = Overhead rate × hours used</em>

Therefore,

Overheads applied = $4.40 × 650 hours = $2,860

Part 3

1. Actual costing delays product costing as the information is only available after the period.

2. Difficult to deal with for fluctuating or seasonal sales as new rates always need to be calculated.

<u>Required B</u>

Part 1

1. Product Costing can be done on time hence price setting can also be done at an earlier stage.

2. Rates are determined consistently for fluctuating or seasonal sales

Part 2

<em>Predetermined overhead rate = Budgeted Overheads ÷ Budgeted hours </em>

Therefore,

Dep A = $380,000 ÷ 95,000 = $4.00

Dep B = $420,000 ÷ 70,000 = $6.00

Dep C = $510,000 ÷ 35,000 = $14.57

Part 3

<em>Overheads applied = Predetermined overhead rate × hours used</em>

Therefore,

Overheads applied for January,

Department A = $4.00 × 8,100 hours = $32,400

Department B = $6.00 × 1,440 hours = $8,640

Department C = $14.57 × 1,280 hours = $18,649.60

Part 4

If <em>Actual Overheads > Applied Overheads</em>, we say overheads are under-applied,

and

If <em>Applied Overheads > Actual Overheads</em>, we say overheads are over-applied.

Therefore,

<u>Department A :</u>

Actual Overheads = $35,640

Applied Overheads = $32,400

Therefore, overheads are under-applied by $3,240

<u>Department B :</u>

Actual Overheads = $36,040

Applied Overheads = $8,640

Therefore, overheads are under-applied by $27,400

<u>Department C :</u>

Actual Overheads = $38,220

Applied Overheads = $18,649.60

Therefore, overheads are under-applied by $19,570.40

Part 5

<u>Department A</u>

Cost of Sales = $3,240

<u>Department B</u>

Cost of Sales = $27,400

<u>Department C</u>

Cost of Sales = $19,570.40

Part 6

<u>Department A</u>

Cost of Sales = $3,240

<u>Department B</u>

Cost of Sales = $27,400

<u>Department C</u>

Cost of Sales = $19,570.40

Explanations :

See the formulas and calculations tied together with the solution above.

Note that :

If <em>Actual Overheads > Applied Overheads</em>, we say overheads are under-applied,

and

If <em>Applied Overheads > Actual Overheads</em>, we say overheads are over-applied.

Also that ,

Balances in the Overheads Account are closed off against the Cost of Goods Sold in the Income Statement.

 

7 0
3 years ago
N
quester [9]

Answer: c

         

Explanation:

Etiquette refers to guidelines which control the way a responsible individual should behave in the society.

7 0
3 years ago
Read 2 more answers
Antonio has $11.00 to spend on a lunch consisting of hamburgers ($1.50 each) and French fries ($1.00 per order). Antonio's satis
saveliy_v [14]

Answer: <em>$4. 71 hamburger and $6.29 French fries. </em>

Explanation:

Total spendable income of Antonio = $11.00  

1 hamburger = $1.50

1 order of French fries = $1.00

Utility maximization function: U(x1, x2) = x1x2 i.e. 1 hamburger and 2 orders of French fries

Using the Utility maximization function: U(x1, x2) = $1.50 + $2.00

                                                                                      = $3.50 per lunch  

Therefore the customer will purchase hamburger worth of $(1.50 x 11.00/3.50) = $4. 71

And French fries orders worth of $(2.00 x 11.00/3.50) = $6.29

<em>Antonio will maximize his satisfaction by purchasing $4. 71 hamburger and $6.29 French fries. </em>

3 0
4 years ago
Maltese is a privately-owned company. On September 3, Maltese exchanged 2,000 shares of its private common stock for equipment.
RUDIKE [14]

Answer:

Debit Equipment 80000

Explanation:

Using the data provided in the question, the journal entry for the transactions will be as follows

     PARTICULARS                                       DEBIT               CREDIT

==============================================================

   Equipment a/c                                        $80,000

   Common stock a/c                                                            $80,000

(To record equipment exchange

with common stock)

==============================================================

Hence,

Debit Equipment 80000

4 0
3 years ago
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