Management is based on authority stemming from the hierarchical rank and is responsible for the overall performance of the business unit. Planning, organizing, leading, and regulating the resources of the company are all parts of management, which entails integrating the work of individuals.
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What is a leader in management?</h3>
The goal of a leader is to enable their team to develop their own leadership skills. They cultivate a group of creative and highly motivated leaders dedicated to realizing a common goal. Employers need to be managed by leaders who keep them on task and provide them structure at work.
Management is the process of accomplishing organizational objectives by effective and efficient planning, organizing, directing, and control of the organization's people, physical, financial, and informational resources. Planning, organizing, staffing, leading, and managing are the five general responsibilities that makeup management at its most basic level. These five responsibilities are a part of a corpus of guidelines and management-related beliefs.
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Answer:
Solution attached in picture
Explanation:
Answer:
$52,710
Explanation:
Calculation for allowance for uncollectible accounts credit balance
Using this formula
Allowance for uncollectible accounts credit balance=Estimated gross uncollectible accounts receivable *Accounts receivable
Let plug in the formula
Allowance for uncollectible accounts credit balance=7%* $753,000
Allowance for uncollectible accounts credit balance=$52,710
Therefore After adjustment at December 31, 2020, the allowance for uncollectible accounts should have a credit balance of $52,710
Answer:
A) The account receivables turnover is 15, and B) the number of days sales in receivables is 24.3 days.
Explanation:
A) FORMULA FOR ACCOUNT RECEIVABLES TURNOVER =
NET SALES / AVERAGE ACCOUNT RECEIVABLES
Given information -
Net sales = $1500,000
Average account receivables = $100,000
Putting the values in formula -
= $1500,000 / $100,000
= 15
B) FORMULA FOR NUMBER OF DAYS SALES IN RECEIVABLES =
365 / ACCOUNT RECEIVABLES TURNOVER
= 365 / 15
= 24.3 DAYS
