All categories

3 years ago

Some managers set long-term goals and define strategies to achieve them. These are

Business

1 answer:

Katarina [22]3 years ago

6 0

Some managers set long-term goals and define strategies to achieve them. These are top level managers.

<h3>Top-level management comprises:</h3>

CEO
Director of Operations
Information Director
Administrative Director
Senior Executive

<h3 /><h3>Roles of top-level managers:</h3>

They exercise company governance, that is, they direct organizational systems in order to achieve the objectives and goals established for a company to be well positioned and profitable in the market.

Therefore, the top management of a company must be composed of visionary leaders who adapt to internal and external business conditions, seeking the best solutions for the business demand.

Find out more information about top-level managers here:

brainly.com/question/7151206

You might be interested in

Effect of Inventory Errors During the taking of its physical inventory on December 31, 20Y3, Sellers Company incorrectly counted

Illusion [34]

Answer:

Cost of goods sold = overstated : $24,265

Current assets = understated : $24,265

Gross profit = understated : $24,265

Inventory = understated : $24,265

Net income = understated : $24,265

Stockholders' equity = understated : $24,265

Total assets = understated : $24,265

Explanation:

Inventory was understated by $24,265 ($327,560 - $303,295). Since inventory is an Asset, also it is a Income Statement element and consequently affects Retained Earnings (Distributions to Shareholders) , the effect is shown above.

3 0

3 years ago

Young Company budgets sales of $112,900,000, fixed costs of $25,000,000, and variable costs of $66,611,000. What is the contribu

xenn [34]

Answer:

41 percent

Explanation:

Given : Budgeted Sales $112,900,000

Fixed Costs $25,000,000

Variable Costs $66,611,000

Contribution margin = Net Sales - Variable costs

= $112,900,000 - $66,611,000

= $ 46,289,000

Contribution Margin Ratio = $\frac{Contribution\ Margin}{Net\ Sales}$ = $\frac{46289000}{112900000}$ = 41%

Contribution margin ratio indicates the percentage of sales remaining so as to cover a firm's fixed expenses. It also represents how much percentage of sales is required to cover the variable costs.

It is also expressed as , 100 - Variable cost ratio (in percentage)

6 0

3 years ago

Breakwater Aquatics has a 45 day accounts receivable period. The estimated quarterly sales for this year, starting with the firs

LenaWriter [7]

Answer:

The accounts receivable balance at the beginning of the third quarter is $3,550

Explanation:

For computing the account receivable balance, first, we have to compute the credit sale per day, and then multiply with the number of days

In mathematically,

Credit sale per day = (Estimated second Quarter Sales) ÷ (accounts receivable period up to second quarter)

= $7,100 ÷ 90 days

= 78.89

Now the account receivable balance equals to

= Credit sales per day × accounts receivable period

= 78.89 days × 45 days

= $3550

Since the question is asking about the beginning of the third quarter so we considered second quarter sales

5 0

3 years ago

Green Valley Steel had sales of $1,000,000 and collections of $760,000, leaving a balance of $240,000 in accounts receivable as

sammy [17]

Answer: d

Explanation:

8 0

3 years ago

All-Star Automotive Company experienced the following accounting events during 2018: Performed services for $25,000 cash. Purcha

Mariana [72]

Answer & Explanation:

<u>Operating Activities</u>

services collected 25,000

salaries paid (14,000)

utilities paid (2,800)

cash generated from operating activities 8,200

<u />

<u>Investing activities</u>

proceeds from land 9,000

purchase of land (6,000)

cash generated from investing activities 3,000

<u />

<u>Financing Activities</u>

issuance of stocks 50,000

bank loan 5,000

payment on loan (10,000)

dividends paid (5,000)

cash generated from financing activities 40,000

Total cash generated for the year ended December 31th, 2018 51,200

beginning balance 9,200

ending balance 60,400

Notes: Activities related to the daily operation wil lbe operating activities.

The transaction involving long-term assets will be investing activities

The stocks, dividends and loan, loan payment are financing activities for the company.

5 0

3 years ago