I will be most likely to approach him later, when I know that he will give me a listening ear and politely explain to him the more efficient method to completing the task. Try to counter his approach on the spot is what I’ll least likely do because that could come off as being rude.
Answer:
Following Becky's estimation, the bad debt expense must be equal than the 8% of the total credit, less the value already booked in the balance sheet accounts (doubtful accounts).
Explanation:
In this case, 2,000,000*8%=160,000. Then this 160,000 must be subtracted to 2,200 (160,000-2,200=157,800). Finally, the bad debt expense to be reported is $157,800
Answer:
D. Helps managers to act rapidly and with autonomy
Explanation:
The management control system defines that every policy and procedure should be followed in a proper manner and work on new strategies for the benefit of the organization. It helps in managing the hierarchy level and differentiates the performance company resources like finance, marketing, sales, Human resource management, operations, etc.
Therefore the management control system provides to work with sovereignty so that the work runs in a smooth and inefficient and effective manner. It also helps the managers to take the action quickly before things go out of control.
Answer:
Explanation: Financial Statement
the financial statement is an annual statement stating the financial position of an organisation
Under the financial statement we have:
1. Income Statement: Expenses, Net Income
2. Balanced Sheet: Cash Asset, Non cash Asset, Retained Earnings
3. Statement of stockholders equity: Contributed Capital, cash inflow for stock issued, cash outflow for dividends
4. Statement of cash flow: cash flow for capital expenditures
Explanation:
A company's leadership team is an essential part of the company's strategic development and decision-making process.
Therefore, the leadership team will directly influence organizational performance in the short and long term, in the sense that this team will be responsible for the strategic planning that will contemplate the long term in the organization and help it to reach its goals and objectives.
The decision-making process, on the other hand, will impact the company in the short term and will be essential for the decisions made to be beneficial for the improvement of organizational processes and the achievement of competitive and financial advantages.
