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3 years ago

Describe the basic control process and various methods that managers can use to maintain control in the organization

1 answer:

6 0

Answer: Manager is a lead member in the organization who looks into matters of production of goods and services and working of superior members of the organization.

Explanation:

Various methods of control process in the organization are:

1. Output control: Measurable results of the output generated by the superior members of the organization assign to a particular work. Encouraging employees to give maximum output in short time.

2. Behavioral control: Controlling the action and activities of the superior members of the organization by encouraging them, promoting, supporting them, and organizing fun activities for them.

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As a long-term investment at the beginning of the 2021 fiscal year, Florists International purchased 20% of Nursery Supplies Inc

Natalija [7]

Answer:

Nursery Supplies at year-end 76,000,000

Gain on investment 12,000,000

Explanation:

Considering is considered a long-term investment for Florists International and the percentage of owership is significant we use equity method.

value of the investment at year end:

begining 67,000,000

income 60,000,000 x 20% = 12,000,000

cash dividends 10,000,000 shares x 1.5 x 20% = (3,000,000)

ending investment 76,000,000

8 0

3 years ago

If the company obtained a loss before taxes of $36,000 during the year, calculate the amount of ISR

Sever21 [200]

Explanation:

to calculate the loss without Isr the company removed isr form its revenue and loss metrics for both presented years in calculating the adjusted ebitda

3 0

2 years ago

Accounting systems that use standards for product costs are called budgeted cost systems. True False

Yuri [45]

Answer:

False.

Explanation:

Accounting systems that use standards for product costs are standard cost systems.

In Financial accounting, various business firms or companies use the standard cost systems to determine the variances or differences between the actual (real) cost of goods produced and the estimated cost for the goods that were produced by the company.

Hence, standard cost systems are used by business firms or companies as a strategic tool or technique for the management and control of costs, budget planning, and analyzing cost management performance at a specific period of time.

7 0

3 years ago

Research suggests that up to ___________ of manufacturing firms are using some form of lean in their business.

lisov135 [29]

<span>Up to ninety percent of businesses are using some type of lean processing. This allows them to maintain productivity with minimal staff and overhead. This has become more important as labor costs continue to rise.</span>

7 0

4 years ago

An investor originally paid $22,000 for a vacant lot twelve years ago. If the investor is able to sell the lot today for $62,000

MArishka [77]

Answer:

b.9%

Explanation:

Formula for annual rate of return formula is as follows;

Annual rate of return = [ (New value/ Initial value)^(1/t) ] -1

t = the total holding period of investment = 12 years

Old value = 22,000

New value = 62,000

Next, plug in the numbers to the formula;

Annual rate of return; r = [ (62,000/22,000) ^(1/12) ] -1

r = [2.8182 ^(1/12)] - 1

r = 1.0902 -1

r = 0.0902 or 9%

4 0

3 years ago