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4 years ago

Planning is a key management function because other management functions depend on having a good plan.

Business

1 answer:

malfutka [58]4 years ago

7 0

True, Key <span>Management is a powerful position since anyone can be a manager.</span>

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The price elasticity of demand for gasoline in the short run has been estimated to be 0.4. If a war in the Middle East causes th

disa [49]

Answer:

Total revenue would rise in the short run

Explanation:

A price elascitiy of 0.4 indicates that demand is inelastic.

Inelastic demand means that a small change in price has little or no effect on quantity demanded. The absolute value of inelastic demand is less than 1.

If the cost of the crude oil increases, the price of gasoline would increase too. Because demand is price inelastic , there would be little or no change in the quantity demanded of gasoline as a result total revenue would increase as a result of the rise in price.

I hope my answer helps you

8 0

3 years ago

After the accounts have been adjusted at April 30, the end of the fiscal year, the following balances were taken from the ledger

Amanda [17]

Answer:

Explanation:

Apr-30

Dr Felix Godwin, Capital 20,055

Dr Fees earned 381,030

Cr Wages expense 294,900

Cr Rent expense 70,800

Cr Supplies expense 26,540

Cr Miscellaneous expense 8,845

Apr-30

Dr Felix Godwin, Capital 38,000

Cr Felix Godwin, Drawing 38,000

3 0

3 years ago

Balthazar Corporation has total assets of 582, total equity of 269, and a return on equity of 13.98%. The ROA for Balthazar is__

nexus9112 [7]

Answer: 6.46%

Explanation:

Return on Assets (ROA) = Net Income / Total Assets

Net Income = Return on Equity * Total Equity

= 13.98% * 269

= 37.6062‬

Return on Equity = 37.6062‬/582

= 0.0646

= 6.46%

3 0

3 years ago

Product leadership refers to companies that ______.

levacccp [35]

<span>Product leadership refers to companies that pride themselves on quality and innovation.
Product leadership refers to the fact that there are some companies which produce great products which are sold everywhere and most people buy them, which makes that company the leader on the market.
</span>

3 0

3 years ago

Read 2 more answers

Selected data from a February payroll register for Coronado Company are presented below. Some amounts are intentionally omitted.

dlinn [17]

Answer:

1. Overtime= $1,000

2. Gross Pay= $10,000

3. State Income Taxes = $400

4. Total Deductions= $2,483

5/ Salaries and wages expenses = $10,000 (Gross Pay)

Explanation:

The question says to find the following:

1. Overtime

2. Total

3. State Income Taxes

4. Total Deductions

5. Salaries and Wages Expense

1. Overtime

Overtime is derived after calculating the total Gross Pay (2nd question)

Total Gross Pay= Regular + Overtime

$10,000= $9,000 + Overtime

Therefore, Overtime = $10,000-$9,000

Overtime= $1,000

2. Total Gross Pay (this should be treated before the 1st which is overtime)

= Gross Pay =

= calculated as FICA tax expense /the percentage of FICA taxes

FICA tax expense = $765

% of FICA taxes = 7.65

Gross Pay= $765 / 7.65% (0.0765)

= $10,000

3. State Income Tax

The state Income Taxes is derived as follows

Gross Pay x the given percentage (4%)

State Income taxes = $10,000 x 0.04

State Income taxes = $400

4. Calculate the total deductions

Total Deductions are the sum of the following

FICA taxes + federal Income taxes + State Income taxes + Union dues

= $765+ $1,128+$400+$190

= $2,483

5. Salaries and Wages Expense

The answer to this is simply the derived total gross pay (regular + overtime) Calculated in step 2

Gross pay= salaries and wages expense= $10,000

4 0

3 years ago