Income can be earned through: <br>- A permanent job<br>- A seasonal job<br>- All of the above

Which of the following is a characteristic of a management control system? A. It deals with coordinating planning across the or

Katen [24]

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.

3 0

3 years ago

Which of the following systems would work best for a very standardized product that has a fairly high and predictable demand? a.

Margaret [11]

Answer:

The answer is b. make-to-stock system

Explanation:

Make-to-stock system is a build-ahead production approach in which production plans may be based upon sales forecasts and/or historical demand. It is a traditional production strategy that is used by businesses to match the inventory with anticipated consumer demand.

5 0

3 years ago

Windsor Windows manufactures and sells custom storm windows for enclosed porches. Windsor also provides installation service for

Alina [70]

Answer:

June 1, 2021

No entry – neither party has performed under the contract.

August 1,2021

Dr. Cash $4,000

Dr. Accounts Receivable $700

Cr. Unearned Service Revenue $1,085

Cr. Sales revenue $3,615

Dr. Cost of goods Sold $2,300

Cr. Inventory $2,300

Explanation:

As no one performed under the contract on June 1, 2021, so there will be no entry on this day.

On August 1, 2021, Windsor has 2 performance obligations

First: Delivery of the windows

&

Second: Installation of the windows

Fair value of Windows = $4,000

Fair value of Installation services = $1,200

Fair Value of Contract = $4,000 + $1,200 = $5,200

Allocation of to revenue is based on the ratio of fair value of each performance to the total fair value of contract, As below

Windows = ($4,000 / $5,200) X $4,700 = $3,615 (round to nearest dollar)

Installation services = ($1,200/$5,200) X $4,700 = $1,085 (round to nearest dollar)

Total Revenue recognized = $4,700

8 0

3 years ago

With the holiday season approaching, Denelle reviews holiday sales from the last five years to determine how much inventory to p

Westkost [7]

The information given shows that Denelle is conducting a trend analysis.

<h3>What is a trend analysis?</h3>

It should be noted that attend analysis simply means a technique that's used t predict future investment.

In this case, Denelle reviews holiday sales from the last five years to determine how much inventory to purchase and how many employees to schedule during peak sales times.

Learn more about trend analysis on:

brainly.com/question/25819900

#SPJ1

7 0

2 years ago

Krazy Kayaks sells its entryminuslevel kayaks for $750 each. Its variable cost is $500 per kayak. Fixed costs are $25,000 per

Daniel [21]

Answer:

Net operating income= 565,000

Explanation:

Giving the following information:

Krazy Kayaks sells its entry-level kayaks for $750 each. Its variable cost is $500 per kayak. Fixed costs are $25,000 per month for volumes up to 1,100 kayaks. Above 1,100 kayaks, monthly fixed costs are $60,000.

Sales= 2,500*750= 1,875,000

COGS= (500*2,500)= (1,250,000)

Gross profit= 625,000

Fixed costs= (60,000)

Net operating income= 565,000

7 0

2 years ago

Income can be earned through: - A permanent job- A seasonal job- All of the above​

Income can be earned through: - A permanent job- A seasonal job- All of the above