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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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What information do you believe is needed in order to create a budget?
Sholpan [36]

Answer:

How to create a budget?

How to create a budget

Calculate your net income

List monthly expenses

Label fixed and variable expenses

Determine average monthly costs for each expense

Make adjustments

4 0
3 years ago
you texpect to receive a payout from a trust fund in 3 years. The payout will be for $11000. You plan to invest the money at an
MrMuchimi

Answer:

11.68 years

Explanation:

For computing the number of years first we have to applied the NPER formula i.e to be shown in the attachment below:

Given that,  

Present value = $11,000

Future value = $19,000

Rate of interest = 6.5%

PMT = $0

The formula is shown below:

= NPER(Rate;PMT;-PV;FV;type)

The present value come in negative

So, after applying the above formula, the number of years is 8.68

Now after 3 years, it would be

= 8.68 + 3

= 11.68 years

3 0
4 years ago
The heart of the internal records system is the ________ because customers favor firms that can promise timely delivery. A. sale
Brut [27]

Answer:

C. order-to-payment cycle

Explanation:

Order to cash, also known as the or the quote-to-cash cycle, refers to the process of receiving and completing a sale  the beginning with the placement of the order and ending with the payment.

I hope you find this information useful and interetsing! Good luck!

3 0
3 years ago
On September 1, 2021, Triton Entertainment borrowed $24,000,000 cash to fund a new Fun Park. The loan was made by Nevada Bank. T
ryzh [129]

Answer:

1.

September 1, 2021     Cash                          $24,000,000 Dr

                                       Notes Payable             $24,000,000 Cr        

2.

December 31, 2021     Interest Expense         $960,000 Dr

                                           Interest Payable           $960,000 Cr

3.

May 30, 2022       Interest Expense         $1,200,000 Dr

                                     Interest Payable           $1,200,000 Cr

June 1, 2022       Notes Payable                   $24,000,000 Dr

                            Interest Payable                 $2,160,000 Dr

                                    Cash                                     $26,160,000 Cr

Explanation:

1.

The issuance of note against cash results in a debit to cash and a credit to a liability in account for notes payable.

2.

The adjusting entry will be made in accordance to accrual principle that matches the revenues and expenses relating to a certain period and record them in their respective period. The interest on note for 4 months from September to December belongs to 2021 and will be recorded as an expense and a payable on 31 december.

The interest expense for 4 months is = 24000000 * 0.12 * 4/12 = $960000

3.

The interest for the remaining 5 months will be recorded on the last day of note on May 30.

The interest for 5 months is = 24000000 * 0.12 * 5/12 = $1200000

On June 1, the note and the interest payable on note both will be paid and will be debited to close them from the books and cash will be credited.

8 0
3 years ago
Title to a certain real property is being held in a trust as collateral for a loan. What kind of deed will the trustee use to co
Shkiper50 [21]

Answer: Reconveyance deed

Explanation: A Reconveyance deed is used to indicate that a borrower has paid his loan or debt in full. A Reconveyance deed is issued by the trustee or lender to signal the transfer of title to the original owner after he or she must have satisfied the term of loan issued by the trustee. A Reconveyance deed is usually notarized containing a legal description of the property and its parcel number.

4 0
3 years ago
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