Answer:
The best response to Tracy's comments is:
B. Although you can hire someone to keep your books, you'll still need to know how to read, understand, and interpret basic accounting reports in order to make good business decisions.
Explanation:
Here in the given question it is mentioned that Tracy is wanting to start her own business but she has a very little knowledge about how to setup an accounting system and how the financial interpretation is been done.
So, she tells her friends that she is not at all worried about accounting. For this purpose she will be hiring a part time book keeper who will be handling all her stuff and who will also help her in focussing her attention in the different and innovative ideas of satisfying her customers.
Therefore, the best response to Tracy's comments can be given by:
B. Although you can hire someone to keep your books, you'll still need to know how to read, understand, and interpret basic accounting reports in order to make good business decisions.
Answer:
resources
Explanation:
The resources include both the financial aspect (budget), the human aspect (employees), and the supplies (scheduling). Do we have enough money to continue producing goods (budget)? Do we have enough employees to do so ? Do we have all the supplies we need to produce this week?
The role of the administrators (as a team) is to ensure the organisation produces the goods and services they're supposed to and that they're delivered to their customers in a timely and cost-effective manner. That means ensuring they respect the budget and have enough employees to do the job.
Of course, some administrators will have a specific task oriented to one of the aspect of the company... like finances, employee management, and so on.
Answer:
$12,000
Explanation:
our EBIT (and before bonus also) = $160,000
income threshold = $100,000
bonus = 25% of (EBIT - threshold - bonus itself)
so now, we have to solve the following equation:
bonus = 25% x (EBIT - income threshold - bonus)
bonus = 25% x ($160,000 - $100,000 - bonus)
bonus = $15,000 - 0.25bonus
1.25bonus = $15,000
bonus = $15,000 / 1.25 = $12,000
Answer:
1. Cash $5000 Dr
Common Stock (at par) $5000 Cr
2. Cash $4000 Dr
Loan Payable $4000 Cr
3. Supplies $500 Dr
Account Payables $500 Cr
4. Account Receivables $8000 Dr
Service Revenue $8000 Cr
5. Salaries Expense $3900 Dr
Cash $3900 Cr
6. Prepaid Rent $2400 Dr
Cash $2400 Cr
7. Office Furniture $3500 Dr
Account Payable $3500 Cr
8. Cash $1800 Dr
Unearned Service Revenue $1800 Cr
9. Cash $3000 Dr
Account Receivables $3000 Cr
10. Utilities Expense $1200 Dr
Cash $1200 Cr
11. Dividends $1000 Dr
Cash $1000 Cr
12. Certificate of Deposit Receivable $2000 Dr
Cash $2000 Cr
13. Loan Payable $1600 Dr
Cash $1600 Cr
14. Land $2700 Dr
Cash $2700 Cr
15. Interest Expense $400 Dr
Interest Payable $400 Cr
16. Unearned Service Revenue $1800 Dr
Service Revenue $1800 Cr
17. Supplies Expense $400 Dr
Supplies $400 Cr
18. Salaries Expense $2300 Dr
Salaries Payable $2300 Cr
19. Interest Receivable $150 Dr
Interest Revenue $150 Cr
Explanation:
Answer:
The answer is: B) Binh works with managers within his business unit to develop and implement concrete strategies for his division that align with corporate goals.
Explanation:
An strategic plan is a document (must be written) that communicates the company's goals, what actions are needed to achieve these goals and all other necessary elements developed and required by the planning strategy.
Since Binh was recently named general manager he has to work with his unit (departmental) managers to develop an strategic plan for the business unit that is aligned with the business plan of the whole company.
