The correct answer is: [A]: " planning " .
________________________
" A manager engaged in the management function of <u> planning </u> is determining organizational goals and the means for achieving them. "
________________________
Answer:
Equity theory
Explanation:
Jeff practices equity theory so as to to come to a clear understanding on his contribution to the firm, are his efforts being appreciated? Is he gaining anything for his sincere dedication? Are benefits coming in on a regular?
These pertinent analysis is basically done by Jeff to compare the ratio of his contribution and benefits being secured.
Answer:
The answer is C.
Explanation:
Monopolistic Competition is at the borderline of both perfect competition and monopoly i.e it shares both characteristics.
It is similar with monopoly in setting the price of its product because of product differentiation which is a key in monopolistic market.
It is also similar with perfect competition because it determines the output to produce. No restrictions. There are also large numbers of buyers and sellers. Its revenue depends on the volume of outputs it can produce.
Answer: 83.53 days.
Explanation:
We would need to calculate the Current Assets as well as the Quick Assets.
Calculating the Current Assets we can use the Current ratio and Current Liabilities as follows,
Current Assets = Current Ratio * Current Liabilities
= 1.22 * 28,000
= $34,160
Then we calculate the Quick Assets which are essentially the most liquid assets being Cash and Cash Equivalents,
= Quick Ratio * Current Liabilities
= 0.71 * 28,000
= $19,880
Inventory will be Current Assets minus Quick Assets because Current Assets include all Current Assets whereas Quick Assets are Cash And Cash Equivalents Current Assets
= 34,160 - 19,880
= $14,280
We can then calculate the Inventory Turnover as,
= Cost of Goods sold / Inventory
= 62,400/14,280
= 4.36974789916 times.
Now we can finally calculate the days of Inventory by dividing the days in a year by the Turnover ratio. We will assume a 365 year.
= 365/4.36974789916
= 83.53 days.
It takes 83.53 days on average does it take to sell the inventory.
Answer:
B: $12,000
Explanation:
Sarah will pay $ 12,000 as the invoice has a term that indicates a cash discount (2/10) of 2% if payment is made with in 10 days from the date of invoice and (n/30) no discount is given if payment is made after 30 days.
As Sarah paid the invoice after 15 days of invoice assuming the invoice date was 1st June then no discount is received by Sarah.
No interest of late payment has also been charged as it pays the invoice with in the normal 30 days credit limit.