All categories

3 years ago

1. Why we should manage a business?

Business

2 answers:

swat323 years ago

8 0

It helps in Achieving Group Goals - It arranges the factors of production, assembles and organizes the resources, integrates the resources in effective manner to achieve goals

<h2>hope it helps!</h2>

Natalka [10]3 years ago

7 0

We manage a business by keeping account records

You might be interested in

Assume Clarks cannot estimate the standalone selling price of a pair of SunBoots sold without a coupon. Prepare a journal entry

kicyunya [14]

Answer and Explanation:

The journal entry is shown below:

Cash Dr (1,000 × $65) $65,000

To Sales revenue $59,000

To Deferred Revenue -Discount coupon $6,000

(1,000 × $100 × 30% × 20%)

(Being the sales revenue is recorded)

here the cash is debited as it increased the assets and credited the sales revenue and deferred revenue as it increased the revenue and liabilities

7 0

3 years ago

Meena Chavan Corp's computer chip production process yields DRAM chips with an average life of 2,000 hours and s = 120 hours. Th

AnnZ [28]

Answer: a.)Cp= 1.25 ; b.) process is very capable ; c.) 0.83 ; d.) does not meet requires specification.

Explanation:

Given the following ;

Average chip life = 2000 hours

Standard deviation = 120 hours

Tolerance upper specification limit = 2600 hours

Tolerance lower specification limit = 1700 hours

A.) process capability ratio (Cp) :

Cp = (Upper specification limit - Lower specification limit) ÷ 6(standard deviation)

Cp = (2600 - 1700) ÷ (6 × 120)

Cp = 900 ÷ 720 = 1.25

B.) Capability ratio of 1.25 demonstrated that it is very capable.

C.) process capability ratio index(Cpk) :

Mean (X) = (Upper specification limit(US) - Lower specification limit(LCL))

Mean(X) = 2000

Lower Cpk = (X - LSL) ÷ 3(standard deviation)

Lower Cpk = (2000 - 1700) ÷ (3 × 120)

Lower Cpk = 300 ÷ 360 = 0.83

Upper Cpk = (USL - X) ÷ (3 × Standard deviation)

Upper Cpk = (2600 - 2000) ÷(3×120)

Upper Cpk = 600 ÷ 360 = 1.67

Cpk = Minimum_of (Upper Cpk, Lower Cpk)

Cpk = Minimum_of (1.67,0.83)

Cpk = 0.83

D.) Cpk < 1.0, shows that it does not meet required specification.

3 0

4 years ago

Read 2 more answers

Practice Makes Perfect Inc. was started on July 1 of the current year. Practice Makes Perfect provides piano lessons for student

Natalka [10]

Answer:

I used an excel spreadsheet to record this transactions on an accounting equation.

Practice Makes Perfect, Inc.

Income Statement

For the month ended July 31, 202x

Revenues $2,000

Expenses:

Advertising expense $500
Rent expense $1,000
Wages expense $1,000
Supplies expense $300
Depreciation expense $750
Interest expense $417 ($3,967)

Net income ($1,967)

Practice Makes Perfect, Inc.

Balance Sheet

For the month ended July 31, 202x

Assets:

Cash $99,783
Accounts receivables $1,800
Supplies $1,700
Pianos $47,250

Total assets $150,533

Liabilities:

Accounts payable $2,500
Notes payable $50,000

Total liabilities $52,500

Stockholders' equity

Common stock $100,000
Retained earnings ($1,967)

Total stockholders' equity $98,033

Total liabilities + equity $150,533

Download pdf

6 0

4 years ago

Mara is a management consultant for a soda manufacturer that wants to expand into health drinks such as green tea and after-work

kirill115 [55]

Answer:

B. "Carefully consider the entry choices over time before making a decision."

Explanation:

Since Mara company specializes in manufacturing sodas, venturing into health drinks is risky and therefore would need a lot of planning, thorough analysis of the target market . Looking into whether there's sufficient demand for it and forecasting future trends with regards to health drinks is also important . Mara should therefore, test venture into this by testing the market and considering entry choices over time before making a decision.

6 0

3 years ago

In 2014, paxson incurred a net loss of $2,500. no dividends were declared or paid during 2014. what was paxson's retained earnin

tensa zangetsu [6.8K]

Paxson's retained earnings balance one year earlier on December 31, 2013 was $24,500.00

8 0

4 years ago