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valkas [14]
3 years ago
14

Ming is a manager for a large foodservice company. She has the authority to determine whether or not the company should expand i

nto new regions and/or expand the company's product line. What level of management does Ming represent?
Business
1 answer:
Alik [6]3 years ago
8 0

Answer:

Strategic

Explanation:

If Ming is a manager for a large company and has the authority to determine whether or not the company should expand into new regions and/or expand the company's product line, Then the level of management that Ming represents is Strategic Management

Strategic management involves setting objectives, <u>analyzing the competitive environment</u>, analyzing the internal organization, evaluating strategies, and ensuring that management rolls out the strategies across the organization.

Business expansion decisions are taken by the highest level of management based on their analysis of the competitive environment

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Maria's initial project budget was increased from 16,000 to 18,000 . What was the variance from the initial budget
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It increased by 2000
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2 years ago
explain how the price consumers pay for a good is influenced by the price of the resources that go into making it
Reika [66]

Answer:

Here's an example

I sell bead bracelets for $5.00. The chord I use to make them is $2.50 for 5 feet. Each bracelet needs 1/4 of a foot of chord. That is $0.13 worth of chord per bracelet. The beads I use are 30 beads for $1.00. I use 5 beads in each bracelet. That is $0.17 worth of beads per bracelet. The total price of the materials per bracelet is 30 cents. Let's say It takes me 10 minutes to make a single bracelet. If I sell the bracelet at 30 cents, I would no have made a profit and would instead lose 10 minutes of my time. If I sell it for anything less, I would be losing money and time. If I want to make a profit, I need to add the money I want to make plus the cost of resources. Therefore, if I want to make a profit of $4.70, I must sell the bracelets for $5.00.

4 0
2 years ago
Consider two people who are currently out of work. Tim would like to work but he is not looking for work because there have been
stira [4]

Answer: C. both Tim and Bev to be marginally attached workers

Explanation: The Bureau of Labor Statistics considers both Tim and Bev as marginally attached workers.

Usually, marginally attached workers refers to individuals who are not actively seeking for a job or employment at a particular point in time,which is the case of both Tim and Bev. However, for an individual to be classed as a marginally attached worker, He or she must be willing and able to work and worked or sought for a job at any point within the last twelve months. Bev has searched for a job within the last year and Tim's environment has very few openings to accommodate employees.

8 0
3 years ago
Read 2 more answers
On January 1, 2016, Hackman Corporation issued $1,400,000 face value 12% bonds dated January 1, 2016, for $1,423,060. The bonds
krok68 [10]

Answer:

(a) Bond issuance:

Debit Cash                                                           $1,423,060

Credit Bonds payable                                         $1,400,000

Credit Premium on bond payable                          $23,060

<em>(To record bond issuance)</em>

(b) June 20 interest payment

Debit Interest expense (balancing figure)              $81,694

Debit Premium on bond payable                             $2,306

Credit Cash                                                             $84,000

<em>(To record first interest payment - June 30)</em>

(c) December 31  interest payment

Debit Interest expense (balancing figure)             $81,694

Debit Premium on bond payable                           $2,306

Credit Cash                                                            $84,000

<em>(To record first interest payment - December 31 )</em>

Explanation:

A bond is a long-term promissory note issued by a company in order to borrow from investors to fund its business operations.

Calculation of the interest expense:

Premium on bonds payable (balancing figure) = $23,060

Number of periods = 5 years x 2 = 10 periods

Amortization of premium on bond payable = $23,060 / 10 periods = $2,306

Calculation of the cash proceed:

Cash = Face value of bond x contractual interest x Time period

Cash = $1,400,000 x 12% x 6 / 12 = $84,000 (see the journals above)

4 0
3 years ago
Julie Martin is investing $26,600 in the Invesco Charter mutual fund. The fund charges a 4.50 percent commission when shares are
Sergeeva-Olga [200]

Answer:

$1,264.50

Explanation:

Calculation for the amount of commission Julie must pay.

Using this formula

Commission=Investment amount× Fund charges percentage

Let plug in the formula

Commission= $28,100 × 0.045

Commission= $1,264.50

Therefore the amount of commission Julie must pay is $1,264.50

6 0
2 years ago
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