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3 years ago

The theory that argue that management should also be concerned about the external environment in which it operates is the

Business

1 answer:

dmitriy555 [2]3 years ago

6 0

Answer:

Contemporary theory to Management

Explanation:

The theory that argues that management should also be concerned about the external environment in which it operates is the "Contemporary theory to Management."

Contemporary theory to Management is a form of management theory that describes organization systems as that requires deliberate and careful management that ensures there is a balance between the organizational needs internally while also adapting to the external needs which are environmental-related issues.

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For each item below, indicate to which category of elements of financial statements it belongs. (a) Dividends select a category

notka56 [123]

Answer:

(a) Dividends : Equity

(b) Interest receivable :Assets

(d) Prepaid insurance: Assets

(e) Amortization: Expenses

(f) Cost of goods sold: Expenses

(g) Accounts payable: Liabilities

(h) Cash: Assets

(i) Equipment: Assets

(j) Gain on sale of equipment: Revenues

Explanation:

The main elements of financial statements are: Assets, Liabilities, Equity , Revenues and Expenses.

Assets are all the resources that the company has.

Liabilities are all the obligations that the company has.

Equity is the difference of subtracting the liabilities of the assets.

Revenue is the economic benefit that the company receives.

Expenses are the disbursements that the company makes.

5 0

4 years ago

The budgeted income statement presented below is for Burkett Corporation for the coming fiscal year. Compute the number of units

aev [14]

Answer:

Break-even point= 58621 units

Explanation:

Giving the following information:

Sales (50,000 units) $ 1,000,000

Costs:

Direct materials $ 270,000

Direct labor 240,000

Fixed factory overhead 100,000

Variable factory overhead 150,000

Fixed marketing costs 110,000

Variable marketing costs 50,000

We need to use the following formula:

Break-even point= fixed costs/ contribution margin

Price= 1,000,000/50,000= $20

Variable cost= direct material + direct labor + variable moh + variable mkt cots= 270,000 + 240,000 + 150,000 + 50,000= $710,000

Unitary variable cost= 710,000/50,000= $14.2

Fixed costs= fixed moh + fixed mkt= 100,000 + 110,000= 210,000

Profit= 130,000

Break-even point= (210,000 + 130,000) / (20 - 14.2)= 58621 units

8 0

4 years ago

Which of the following would most likely be considered an expense in a budget?

Liula [17]

Answer:

Explanation:

Everything in life is an expense for me

5 0

3 years ago

suppose your club is selling candles to raise money. It costs $100 to rent a booth from which to sell the candles.If the candles

Viefleur [7K]

Answer:

Number pf candles is equal to 25

Explanation:

We have given cost of rent = $100

Cost price of one candle = $1

And selling price of one candle = $5

Let the number of candles = x

So total expense $=100+x\times 1=100+x$

Total earning $=5\times x=5x$

According to question expense is equal to earning

So $100+x=5x$

$4x=100$

x = 25

So number pf candles is equal to 25

6 0

4 years ago

1. Why is money management important? How would you rate your own money management?

rodikova [14]

Money management keep you away from from debt, to Manage my money I keep a budget trying not to go over my budget buying only thing I need. I believe in saving for tomorrow in case of emergency cause tomorrow is mystery you most be prepared for it.

8 0

3 years ago

Read 2 more answers