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2 years ago

What is the role of a manager in business organizations?

Business

1 answer:

Firdavs [7]2 years ago

6 0

Planning. He/she plans on the steps the company is going to take to succeed.

Organizing. They delegate tasks to the right personnel.

Controlling the organization to achieve the goals they set.

Leading the organization in the right direction.

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On June 30, 2021, the Esquire Company sold some merchandise to a customer for $66,000. In payment, Esquire agreed to accept a 8%

umka21 [38]

Answer:

Esquire Company

Date Particulars Debit Credit

30 June Accounts Receivable $ 66,000

Sales $ 66,000

On June 30, 2021, the Esquire Company sold some merchandise to a customer for $66,000.

31 Mar Note Receivable $ 66,000

Account Receivable $ 66,000

Esquire agreed to accept a 8% note requiring the payment of interest and principal on March 31, 2022.

31 December Notes Receivable $ 66,000

Interest Receivable $ 3960

Sales $ 66,000

Interest Revenue $ 3960

To record the accrued interest earned. $66,000*8%= $ 5280. As it is for nine months the amount would be $ (5280/12)*9= $ 3960

31 March Cash $ 71,280

Interest Income $ 5280

Notes Receivable $ 66,000

March 31, 2022 collection of Note receivable and interest accrued.

2. The income will be understated by an amount of $ 3960 in 2021 if an adjusting entry is not made on Dec 31 of accrual interest.

The adjusting entry on 31st December 2022 of the interest accrual will not be required as interest has been received on March 31st 2022.

The income will be understated by $ 5280 in 2022 if an adjusting entry is not made on Mar 31st 2022 of the interest received.

8 0

3 years ago

John Smith, one of three managers at BSG Labs, drafted a policy that would allow his department to do more testing in his lab. T

jok3333 [9.3K]

Answer:

b. The policy made decisions for other departments in the company.

Explanation:

John Smith made the policy alone without involving the other managers. When the policy was implemented, it had to work with other departments to ensure success.

As there are 3 managers and 3 departments at BSG Labs, John Smith should have formulated the new policy with the other managers, so that issues such as scheduling and coordination between bthe various departments will run smoothly.

3 0

3 years ago

yeloe corporation sells 400 shares of common stock being held as an investment. The shares were acquired six months ago at a cos

Keith_Richards [23]

Answer:

Entry is given below

Explanation:

Bought shares 6 months ago = 400shares x $60/share

Bought shares 6 months ago = $24,000

Sold shares = 400shares x $40/share

Sold shares = $16,000

Loss on sales proceeds = $24,000 - $16,000

Loss on sales proceeds = $8,000

Entry:

DEBIT CREDIT

Cash $16,000

Loss on sale $8,000

Shares $24,000

8 0

3 years ago

If a profit-maximizing, competitive firm is producing a quantity at which marginal cost is between average variable cost and ave

Murljashka [212]

Answer:

a. keep producing in the short run but exit the market in the long run.

Explanation:

To answer the question, there is a need to look at the effect of the situation on the firm both in the short- run and the long-run

Short Run Effect

The Marginal cost is between average variable cost and average total cost. The business can still continue producing goods because the quantity being produced is still able to cover the average variable cost. This means that the firm is still able meet its variable costs by setting the price of its goods to its marginal cost which is an amount greater than its average variable cost.

Long Run Effect

However, in the long-run the company will begin to have issues even meeting other important costs such as the fixed costs associated with production and as such, the firm will need to exit the market in the long run. For instance the cost of long term loans (principal and interest) may not be covered by the net income of the firm.

5 0

3 years ago

Suppose you purchase a 10-year bond with 6.5 % annual coupons. You hold the bond for four years, and sell it immediately after

Andrews [41]

Answer:

a. What cash flows will you pay and receive from your investment in the bond per $ 100 face value?

Year 0 Year 1 Year 2 Year 3 Year 4

-$109,13 $6,50 $6,50 $6,50 $112,53 (6,5+106,03)

b. What is the annual rate of return of your investment?

5,3%, the YTM of the bond.

Explanation:

If the YTM of the bond does not change during the year, it means that at the time the bond was sold, the total rate of return would be the same as was when the bonds were purchased, in this case 5,3%.

Bond Value

Principal Present Value = F / (1 + r)^t

Coupon Present Value = C x [1 - 1/(1 +r)^t] / r

Price of the Bond at the moment it was purchased:

The price of this bond it's $59,66 + $6,5 = $109,13

Present Value of Bonds $59,66 = $100/(1+0,053)^10

Present Value of Coupons $49,47 = $6,5 (Coupon) x 7,61

7,61 = [1 - 1/(1+0,053)^10 ]/ 0,053

Price of the Bond 4 years later:

The price of this bond it's $73,66 + $32,68 = $106,03

Present Value of Bonds $73,66 = $100/(1+0,053)^6

Present Value of Coupons $32,68 = $6,50 (Coupon) x 5,03

5,03 = [1 - 1/(1+0,053)^6 ]/ 0,053

4 0

3 years ago