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USPshnik [31]
3 years ago
15

Philip is a new manager of a 15 person manufacturing operation. His predecessor has handed him a complete annual plan (with budg

ets) and a roster and organization chart of all of the resources in his department. Philip has presented the company’s strategic plan to his department and met with each of them individually to establish rapport. After a month on the job, the owner approaches him and asks how he is doing compared to plan. Philip is stunned because he hasn’t attended to which of the 4 management functions?
Business
1 answer:
romanna [79]3 years ago
4 0

Answer:

Phillip is stunned because he has not been attending to the management function of "controlling".

Explanation:

The four management functions are; planning, organizing, leading and controlling.

Controlling involves monitoring the processes and activities involved as an organization works, according to laid down plans, towards achieving set goals and objectives.

<em>Phillip is stunned because he has not been monitoring comparing the progress made so far with the strategic plan (i.e. he has not been controlling the strategy implementation activity).</em>

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On April 1, 2012, Allen Company signed a $100,000, one-year, 6 percent note payable. At due date, March 31, 2013, the principal
elena55 [62]

Answer:

C) $4,500.

Explanation:

The interest expense for one year is $6,000 (100,000 * 6%). The Accrual Principle of Accounting requires entities to record expenses in a period in which they are incurred and not when paid. So, we have to record the interest accrued for nine months that is from April to December.

⇒ Interest Expense at Year End = (6,000 / 12) * 9 = $4,500.

3 0
4 years ago
When a business association holds itself out to others as being a corporation when it has made no attempt to , the firm normally
REY [17]

Answer: Putting the terms incorporate , estopped and a single to make a meaning it becomes as seen in the explanation below.

Explanation: The question should be fill in the bracket with the terms - incorporate, estopped and single.

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When a business association holds itself out to others as being a corporation when it has made no attempt to INCORPORATE.

The firm normally will be ESTOPPED from denying corporate status. When this occurs, courts will treat the entity as a corporation, but only for the purposes of resolving a SINGLE dispute.

3 0
3 years ago
Read 2 more answers
The City of Breukelen maintains a rapid transit system, which is accounted for in a proprietary fund called Breukelen RTS. Based
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Answer:

                               The City of Breukelen

                                     Breukelen RTS

      Statement of revenues, expenses, and changes in net position

                    For the year ended December 31, 2019

Particulars                                           Amount$         Amount$

<u>Revenues</u>

Operating Revenue                                                    3,150,000

<u>Operating Expenses</u>

Train operating expenses                     2,430,000

Track and maintenance expenses        565,000

Depreciation expenses                          <u>325,000</u>

Total operating expenses                                          <u>3,320,000</u>

Operating loss                                                             (170,000)

<u>Non-Operating revenue (Expenses)</u>

Investment income                                   50,000

Interest expenses                                     <u>320,000</u>

Total Non-operating (expenses)                                 <u>(270,000)</u>

Loss before transfer                                                     (440,000)

Transfer from City of B                                                  <u>500,000</u>

Change in net assets                                                     60,000

Total net position (beginning)                                       <u>7,430,000</u>

Total net position (ending)                                           <u>7,490,000</u>

6 0
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Answer:

The people of Texas authorize the borrowing of money on behalf of government through:

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Which answer applies to "fine print"?
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Answer:

D. All of the Above

hope this helps!

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