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3 years ago

BOVE

Business

1 answer:

Goshia [24]3 years ago

5 0

Answer:

Here are five key skills that an administrator in an automobile dealership would need:

Communication/interpersonal skills: Administrators would have to work with clients that come in for test drives. Having good interpersonal skills would help them respond to customers’ queries more effectively. A friendly and outgoing personality would make them more approachable for the customers. An ability to speak and understand multiple languages would help an administrator deal with customers who are not fluent in English. An administrator must be able to communicate effectively, both verbally and through nonverbal cues.

Organizational skills: Administrators need to be well organized in their work involving customers. They would be required to schedule and organize test drives, arrange meetings, keep a record of customers’ documents, handle car insurance matters, and provide other assistance to customers.

Prioritize: Administrators would have to handle several tasks (described earlier), so they should be able to prioritize and schedule tasks effectively.

Manage: An administrator would have to manage the daily operations, such as ensuring that customers submit authentic documents, making appointments, and scheduling test drives. The administrator is also responsible for managing employee behavior, safety, and compliance with the company’s policies.

Reasoning and mathematical skills: An administrator would need to have above-average mathematical skills in order to maintain the company’s accounts dealing with sales and servicing. The person would need logical reasoning skills to facilitate decision making and process management.

Explanation:

PLATO

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Taxable income and pretax financial income would be identical for Indigo Co. except for its treatments of gross profit on instal

sergejj [24]

Answer:

31-Dec-19

Dr Income tax expense $62,590.00

Dr Deferred Tax Assets $4,500.00

Cr To Income Tax Payable $60,520.00

Cr To Deferred tax liability $6,570.00

31-Dec-20

Dr Income tax expense $98,100.00

Dr Deferred Tax Liability $3,285.00

Cr To Income Tax Payable $99,135.00

Cr To Deferred tax Assets $2,250.00

31-Dec-21

Dr Income tax expense $37,440.00

Dr Deferred Tax Liability $3,285.00

Cr To Income Tax Payable $38,475.00

Cr To Deferred tax Assets $2,250.00

Explanation:

Preparation of the journal entry to record income tax expense, deferred income taxes, and income taxes payable for 2019, 2020, and 2021

INDIGO CO. JOURNAL ENTRIES

31-Dec-19

Dr Income tax expense $62,590.00

Dr Deferred Tax Assets ($10,000*45%) $4,500.00

Cr To Income Tax Payable $60,520.00

Cr To Deferred tax liability ($14,600*45%) $6,570.00

(Being current income tax and deferred taxes)

31-Dec-20

Dr Income tax expense $98,100.00

Dr Deferred Tax Liability ($7,300*45%) $3,285.00

Cr To Income Tax Payable $99,135.00

Cr To Deferred tax Assets ($5,000*45%) $2,250.00

(Being current income tax and deferred taxes)

31-Dec-21

Dr Income tax expense $37,440.00

Dr Deferred Tax Liability ($7,300*45%) $3,285.00

Cr To Income Tax Payable $38,475.00

Cr To Deferred tax Assets ($5,000*45%) $2,250.00

(Being current income tax and deferred taxes)

5 0

3 years ago

Consider a fast food café of your choice. Apply 4 V’s of Operation. Describe each V as ‘High’, ‘Low’ or ‘Moderate’ with one line

Marrrta [24]

Answer:

4 V's of Operation

The 4 V's of operation are Volume, Variety, Variation, and Visibility. Let us take Mrs. Happy Food Cafe with over 100 outlets in Fiacton Town, as an example to illustrate the 4 V's of operation.

Volume: As a food cafe, the volume of production that will be required for some foods and drinks is so high that their provision requires repetitive tasks. Based on this, procedures are normally standardized in order to achieve low cost for foods and drinks. However, it is harder to standardize services, since personal touches are added by the servers based on their individual perceptions and abilities.

Variety: Mrs. Happy Food Cafe tries to bring some variety in her offerings to satisfy the various needs of her customers. While variety is naturally low in the Food Cafe sector, some cafes like Mrs. Happy Good Cafe, try to satisfy customers' demands by varying the foods with Continental, African, Latino cuisines and dishes.

Variation: At Mrs Happy Food cafes, the food and drinks do not vary much as customers expect to be served the same quality of services at any of their cafes. This is because the processes are standardized to achieve low cost. So, the variation is moderate.

Visibility: Customers of Mrs Happy Food cafes are not able to see and track their experiences of the the processes for the food preparation that they order. But, they can track the processes for the services because services are consumed as they are offered. So, visibility is 'Moderate," as it is divided between the hard goods and the soft goods. With respect to goods visibility is 'Low.' However, with respect to the services the customers' visibility of processes is high.

Explanation:

The 4 V's of operation describe the different characteristics of the processes that various entities use to transform their inputs into outputs of goods and services. They may be high, low, or moderate. They include, volume, variety, variation, and visibility.

7 0

3 years ago

Adison Winery had beginning long-term debt of $41,436 and ending long-term debt of $46,883. The beginning and ending total debt

Blizzard [7]

Answer:

-$976

Explanation:

Adison winery has beginning long term debt of $41,436 and ending long term debt of $46,883

The beginning and ending total balance were $51,283 and $56,480

The company paid an interest is $4,471

Therefore the company cash flow to creditors can be calculated as follows

= $4,471-($46,883-$41,436)

= $4,471 - $5,447

= -$976

Hence the operating cash flow to the creditors is -$976

5 0

3 years ago

Carol has decided to open a Vietnamese restaurant in her neighborhood. She will be solely responsible for the management of the

bogdanovich [222]

Answer:

e. She may find it difficult to deal with the stress of rent increase.

Explanation:

Carol has decided to open a Vietnamese restaurant solely. She has adopted 'sole proprietorship' form of business.

Sole Proprietorship is a form of business owned, run & managed by a single entrepreneur (proprietor).

This form of business has following advantages & disadvantages:

Advantages : Easy formation, dissolution ; sole, flexible, quick decision making
Disadvantages : Limited Capital ; Entrepreneur Unlimited Liability ; Less expansion scope.

So : Carol being a sole proprietor won't face problems like - difficulty in quick & independent decision making, adaptability to market demand, focus on specific consumer groups .

She as a sole proprietor, would rather face issue like limited capital funds & hence would - find it difficult to deal with stress of rent increase.

3 0

4 years ago

Rosie's Flower Shop sells bouquets of roses for $15 each. If Rosie hires 10 workers, she can sell 500 bouquets per week. If she

klasskru [66]

Answer:

The correct answer to this question is A) with the addition of 11th worker , the marginal profit ( for 11th worker ) of Rosie's flower shop would be $500.

Explanation:

Marginal profit can be defined as the additional amount of profit that a company earns because of an additional unit that had been produced.

Here we can calculate what marginal profit would be for the 11th worker as-

Workers Selling price Cost price Profit

10 $7500 (500 x $15) $4000 (10 x $400) $3500

11 $8400 (560 x $15) $4400 (11 x $400) $4000

So from the given above information we can say that if we take out the marginal profit for 11th worker it would be $500 ( $4000 - $3500 ).

8 0

3 years ago