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frez [133]
3 years ago
5

Timothy was tasked with creating the budget for the next fiscal year. He had to create a cost-profit analysis report of all the

current product lines of the company. He also had to identify avenues for possible cost reduction in the budget. What was Timothy’s position within his company?
Business
1 answer:
nlexa [21]3 years ago
3 0

The position held by Timothy within his company is FINANCE MANAGER because in summary, his duty was to produce financial reports (he had to create a cost-profit analysis report of all the current product lines of the company), direct investment activities (he was tasked with creating the budget for the next fiscal year), and develop strategies and plans for the long-term financial goals of their organization (He also had to identify avenues for possible cost reduction in the budget).

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After working as a manager of a small business for several years, Connie has been offered a management position with a local cha
vesna_86 [32]

Answer:

The principles of management are same.

Explanation:

Whatever industry the company is operating in, the way the company is managed is the same regardless the size, industry and motive of the company.

6 0
3 years ago
State two goals you hope to achieve through applying your coursework this term to your workplace experience
Reptile [31]

Incomplete question. I answered from a general working perspective.

Answer:

<u>1. communication skill improvement</u>

<u>2. time management skill improvement</u>

Explanation:

1. Note, in virtually every work environment today, effective communication is key to achieve the objectives of the organization. Therefore, it is important to know;

  • what to say,
  • how to say it,
  • when to say it, and
  • who to say it to.

2. Having time management skills is vital in today's fast pace work environment. Therefore, applying the coursework to gaining this skill-set is surely worth commendation.

5 0
3 years ago
20. As the expected future spot rate moves closer to the spot rate, uncovered interest parity indicates that: The answer depends
NISA [10]

Answer:

The answer depends on whether the expected future spot rate is higher or lower than the spot rate

Explanation:

Based on the scenario been described in the question, where we see that expected future spot rate moves closer to the spots rate the uncovered parity rate will indicate whether the expected future spot rate is higher or lower than the spot rate

The Uncovered Interest Rate Parity (UIRP) is a financial definition that assumes that the variation in the nominal interest rates within two countries will be the same to the relative changes in the foreign exchange rate over equal period.

3 0
4 years ago
2. Compare the performance of East Coast Yachts to the industry as a whole. For each ratio, comment on why it might be viewed as
Sati [7]

Answer: hello your question has some missing data attached below is the missing data

answer :

i) The current ratio is higher than lower quartile and this signifies good liquidity position

The Quick ratio is higher than the lower quartile and also higher than the median but it is lower than the upper quartile and this signifies that the value of inventory is been deducted from the current assets. to show solvency position.

ii) Inventory Turnover Ratio is higher when compared to the industry ratios

Explanation:

<u>i) Based on each ratio </u>

The current ratio is higher than lower quartile and this signifies good liquidity position for east coast yachts but the value of the lower quartile been lower than the median and upper quartile represents a position of lower solvency

The Quick ratio is higher than the lower quartile and also higher than the median but it is lower than the upper quartile and this signifies that the value of inventory is been deducted from the current assets to show solvency position of the company.

<u>ii) The ratio can be interpreted as</u>  

Inventory Turnover Ratio is higher when compared to the industry ratios i.e. Inventory is been turned into cash by maximum times/as many times as possible per year.

3 0
3 years ago
Which of the following statements describes the typical effect of creating a large number of refined activity cost pools for a g
lutik1710 [3]

Answer:

Hence the correct option is Option (2).

Explanation:

The correct option is (2) A system containing a large number of cost pools will not tend to exhibit substantial cost accuracy over a system containing seven to ten cost pools.

8 0
3 years ago
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