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3 years ago

What is Management???

Business

2 answers:

VashaNatasha [74]3 years ago

7 0

Answer:

Management's exact definition is: the process of dealing with or controlling things or people. I think a good way to say it though is getting a group of people together to accomplish set goals and objectives using resources efficiently and effectively.

antiseptic1488 [7]3 years ago

7 0

Answer:

Management is act of getting people together to accomplish desired goals and objectives using available resources efficiently and effectively.

Explanation: Hope this helps<3

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A company that manufactures laser printers for computers has monthly fixed costs of $177,000 and variable costs of $650 per unit

nydimaria [60]

Answer:

295 units

Explanation:

The cost -volume-profits CVP concepts calculate the breakeven point by dividing fixed costs by the contribution margin per unit.

i.e., Breakeven point = Fixed cost/ contribution margin per unit.

For this company,

Fixed costs are $177,000

Contribution margin per unit

= selling price - variable costs.

=$1250 -$650

=$600

Breakeven point = $177,000 / $600

=295 units

6 0

3 years ago

Shawna wins the lottery and her income increases by 60 percent. she used to buy 10 pints of cottage cheese per month and now she

Dmitriy789 [7]

Answer: Her income elasticity of demand for cottage cheese is 0.3333 making it a normal and necessary good.

The income elasticity of demand is given by :

$\mathbf{YED = \frac{percentage change in demand}{percentage change in income}}$

The percentage change in income is given as 60%. We calculate the percentage change in quantity demanded as follows:

$\mathbf{percentage change in quantity demanded = \frac{Q_{1}-Q_{0}}{Q_{0}}}$

$\mathbf{percentage change in quantity demanded = \frac{12-10}{10}}$

$\mathbf{percentage change in quantity demanded = 0.2}\\$

Substituting the value above in the income elasticity demand formula we get,

$\mathbf{YED = \frac{0.20}{0.60}}$

YED = 0.33333

Since the income elasticity is positive, and since Shawna buys more cottage cheese after an increase in income, we can classify this good as a normal good.

Since the income elasticity is between 0 and 1 we can also conclude that cottage cheese is also a essential good or a necessity.

7 0

3 years ago

Imagine you are the owner of a small local peanut butter company. You have many competitors in the peanut butter market but your

mamaluj [8]

Answer:

Explanation:

keeping a competitive edge

8 0

3 years ago

Equipment costing $16000 is purchased by paying $4000 cash and signing a note payable for the remainder. The journal entry shoul

grigory [225]

Answer:

c. credit to notes payable

Explanation:

Based on the information given we were told that the Equipment which cost the amount of $16000 was purchased by paying the amount of $4000 as cash which means that if the company sign a NOTE PAYABLE for the remainder. The journal entry should include a: CREDIT TO NOTES PAYABLE

5 0

3 years ago

The 2014 balance sheet of steelo, inc., showed current assets of $4,630 and current liabilities of $2,190. the 2015 balance shee

Ostrovityanka [42]

Hello!

Working capital in 2014 is
4,630−2,190=2,440
Working capital in 2015 is
5,180−2,830=2,350

change in net working capital, or nwc
2,350−2,440=−90

Good luck!

8 0

3 years ago

What is Management???​

What is Management???