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2 years ago

This management theory assumes there is no one best way to manage?

1 answer:

8 0

The contingency approach to management is based on the idea that there is no single best way to manage. Contingency refers to the immediate contingent circumstances. Effective organizations must tailor their planning, organizing, leading, and controlling to their particular circumstances.

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Using the following information, what is the amount of net income? Purchases $ 33,114 Selling expenses $ 677 Merchandise invento

NeX [460]

The net income is $32,961

Explanation:

To calculate the net income, we will classify the transaction into income and expenses, and compute the difference between their totals;

Income;

Merchandise inventory Sept. 1 = $ 7,740

Merchandise inventory Sept. 30 = $ 11,372

Sales = $ 50,575

Total = $ 69,687

Expenses;

Purchases = $ 33,114

Selling expenses = $ 677

Administrative expense = $ 665

Rent Revenue = $ 1,118

Interest expense = $ 1,152

Total = $ 36,726

Net income = Total income - Total expenses

= 69,687 - 36,716

= $ 32,961

4 0

2 years ago

Using the following information, prepare a vertical analysis of two years' income statements. Fees Earned is $153,500 for Year 2

ValentinkaMS [17]

Answer:

(B) Operating income has increased as a percentage of revenue

Explanation:

Conducting a vertical analysis,

Operating income (year 1) = Fees earned, less operating expenses

= 149,700 - 127,245 = $22,455

Therefore operating income as a percentage of revenue = 22,455/149,700 = 15%.

Operating income (year 2) = 153,500 - 122,800 = $30,700

Therefore operating income as a percentage of revenue = 30,700/153,500 = 20%.

Therefore, operating income as a percentage of revenue increased from year 1 to year 2.

7 0

2 years ago

The intensity of competition is greater in declining industries in which: a. the product is easy to differentiate. b. exit barri

Oksi-84 [34.3K]

Answer:

b. exit barriers are high

Explanation:

Declining industries are those industries wherein the industry has saturated and experiences a negative growth. The characteristic of such industries being the products are lesser in demand.

For instance, cassettes and magnetic tapes industry was in demand until the arrival of more advanced forms such as compact discs and usbs, post which those industries turned into declining industries.

A declining industry with high barriers to exit would experience a greater competition since the barriers would encourage competition instead of withdrawal. And with higher costs of withdrawal, the firms continue producing at negative growth.

4 0

2 years ago

Marsha Mellow’s weekly gross earnings for the week ended May 23 were $1,250, and her federal income tax withholding was $201.65.

Nataliya [291]

Answer:

$954.60

Explanation:

Gross Pay: Gross income for an individual, also known as gross pay, is the individual's total pay from his employer before taxes or other deductions.

Net Pay: Gross income for an individual, also known as gross pay, is the individual's total pay from his employer after taxes or other deductions.

Particulars Amount Amount

Gross Pay $1,250

Withholding deduction:

Income tax ($201.65)

Social Security (1,250*0.06 = $75)

Medicare tax (1,250*0.015 = $18.75)

Net pay $954.60

8 0

3 years ago

The tool crib at a large manufacturing company is responsible for providing tools to the factory workers on demand. The tool cri

Semmy [17]

Answer:

6.4 minutes

Explanation:

Average small tool per day = 445

working hours = 8 so that is 8*60 = (480 minutes)

Waiting time =

$\frac{[445*(\sqrt{1} )]}{[2*[480-(445*1)]]}$ (image of the operation on the attach file)

=[445]/[(2*35)]

=445/70

=6.357 minutes

3 0

2 years ago