In your resume you need to mention the names and contact information of your previous employers under

Amber, a district manager for a large restaurant chain, is comparing the goals of her restaurants with recent sales. She knows t

oee [108]

Answer:

The statement is true

Explanation:

Controlling managerial function is the one which is described as the function of the management, that helps in seeking the planned results or outcome from the managers and subordinates and at all the levels of the business or company.

This functions helps in evaluating the progress towards the goals or objectives of the company and bring out any deviations and also indicate the corrective measures or actions.

So, the statement is true because controlling is monitoring as well.

8 0

3 years ago

An investment project has annual cash inflows of $4,400, $3,900, $5,100, and $4,300, for the next four years, respectively. The

RoseWind [281]

Answer:

Discounted payback period shall be as follows:

a. 1 year 7.36 months

b. 2 years 3.27 months

c. 3 years 2.9 months

Explanation:

a. Payback period in case of cash outflow = $5,700

For calculating the pay back period we shall firstly discount the cash flows to present value @14 %.

Year Cash Flow PV Factor PV of Cash Flow Cumulative

Cash Flow

0 - $5,700 1 - $5,700 -5,700

1 $4,400 0.877 $3,858.8 -$1,841.2

2 $3,900 0.770 $3,003 $1,161.8

Since the cumulative cash flows are positive in 2nd year payback period =

1 + $\frac{1,841.2}{3,003} \times 12$ = 1 year and 7.36 months

b. Payback period in case of cash outflow = $7,800

For calculating the pay back period we shall firstly discount the cash flows to present value @14 %.

Year Cash Flow PV Factor PV of Cash Flow Cumulative

Cash Flow

0 - $7,800 1 - $7,800 -7,800

1 $4,400 0.877 $3,858.8 -$3,941.2

2 $3,900 0.770 $3,003 -$938.2

3 $5,100 0.675 $3,442.5 $2,504.3

Since the cumulative cash flows are positive in 3rd year payback period =

2 + $\frac{938.2}{3,442.5} \times 12$ = 2 years and 3.27 months

b. Payback period in case of cash outflow = $10,800

For calculating the pay back period we shall firstly discount the cash flows to present value @14 %.

Year Cash Flow PV Factor PV of Cash Flow Cumulative

Cash Flow

0 - $10,800 1 - $10,800 -$10,800

1 $4,400 0.877 $3,858.8 -$6,941.2

2 $3,900 0.770 $3,003 -$3,938.2

3 $5,100 0.675 $3,442.5 -$495.7

4 $4,300 0.592 $2,545.6 $2,049.9

Since the cumulative cash flows are positive in 4th year payback period =

3 + $\frac{495.7}{2,049.9} \times 12$ = 3 years and 2.9 months

Final Answer

Discounted payback period shall be as follows:

a. 1 year 7.36 months

b. 2 years 3.27 months

c. 3 years 2.9 months

7 0

3 years ago

A company's ______ can be described as the set of values, ideas, and attributes that is learned and shared among its members

igomit [66]

Culture

I hope this helps (:

3 0

2 years ago

Equipment was purchased at a cost of $78,000. The equipment had an estimated useful life of five years and a residual value of $

lyudmila [28]

Answer:

Loss of $7,000

Explanation:

Data provided in the question:

Purchasing cost = $78,000

Residual value = $3,000

Useful life = 5 years

Selling cost = $8,000

Now,

Annual depreciation = [ Cost - Residual value ] ÷ Useful life

= [ $78,000 - $3,000 ] ÷ 5

= $75,000 ÷ 5

= $15,000

Therefore,

Accumulated depreciation of 4 years = 4 × Rate of depreciation

= 4 × $15,000

= $60,000

Therefore,

Book value at the end of 4 year = Cost - Accumulated depreciation

= $75,000 - $60,000

= $15,000

Since,

Book value at the end of 4 year is greater than the selling cost

therefore,

there is loss = Book value - Selling cost

= $15,000 - $8,000

= $7,000

Hence,

Loss of $7,000

7 0

3 years ago

Bradford, Inc., expects to sell 9,000 ceramic vases for $21 each. Direct materials costs are $3, direct manufacturing labor i

Ierofanga [76]

Answer:

Direct material= $19,500

Direct labor= $78,000

Overhead= $19,500

Explanation:

Giving the following information:

Direct materials costs are $3, direct manufacturing labor is $12, and manufacturing overhead is $3 per vase.

The following inventory levels apply to 2019:

Beginning inventory - Ending inventory

Direct materials 3,000 units 3,000 units

Finished goods inventory 300 units 500 units

Sales= 9,000 units

First, we need to determine the number of units to be produced:

Production= sales + desired ending inventory - beginning inventory

Production= 9,000 + 500 - 3,000= 6,500

Purchases (direct material)= produciton + desired ending inventory - beginning inventory

Purchases= 6,500 + 3,000 - 3,000= 6,500

Now, we can calculate the budgeted costs:

Direct material= 3*6,500= $19,500

Direct labor= 12*6,500= $78,000

Overhead= 3*6,500= $19,500

8 0

3 years ago