Answer: The contingency approach
Explanation:
The contingency approach is one of the type of management theory that helps in understanding the various types of principles in an organization and it is also refers as the situational approach.
The main objective of the contingency approach is that it provide manager the different types of ways to give reaction on the given issue and different types of situation.
According to the question, the contingency approach helps in providing the different types of effective ideas to the manager where they facing different types of problems in an organization.
Therefore, contingency approach is the correct answer.
Answer:
120%
Explanation:
Given net sales;
Year 1996 = $690000
Year 1997 = $730000
Year 1998 = $828000
With 1996 as the base year, it means the percentage of any year can be computed by dividing the net sales for that year with the net sales for 1996 and expressing the results as a percentage.
1998 sales as a percentage of the base represents
= $828000/$690000
= 1.2
Expressed as a percentage, this is 120%.
Answer: $53,600
Explanation:
Credit sales increase the balance on Accounts Receivables because they represent that people owe the business.
It is therefore included in the formula for calculating the ending balance of Accounts Receivables:
Ending accounts receivables = Beginning accounts receivable + Credit sales in May - Customer payments during May
19,000 = 24,600 + Credit Sales in May - 59,200
Credit Sales in May = 19,000 + 59,200 - 24,600
= $53,600
