An important role that IS plays in management control processes includes is Communication.
What role does management plays in an organization?IS is known to have three important roles in management control processes. These processes are said to be;
Data collectionEvaluationCommunicationManagement often operates via functions such as planning, organizing, staffing and others.
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What is the importance of the Transportation sector in the Tourism Industry and it's impact to other industries ?
Explanation:
importance of transport sector in tourism.??
the importance/ I live near GALENA TERRITORY, NW IL..
tourism stop in Galena, il..
many businesses depend on tourism../
downtown galena depends on tourism to make up for lost Income in off months in this area.
downtown Galena, .. advertises, ski areas, & other activities..2 draw in vacationers..
Sweet Catering completed the following selected transactions during May 2016:
May 1: Prepaid rent for three months, $2,400
May 5: Received and paid electricity bill, $60
May 9: Received cash for meals served to customers, $2,610
May 14: Paid cash for kitchen equipment, $3,880
May 23: Served a banquet on account, $2,050
May 31: Made the adjusting entry for rent (from May 1).
May 31: Accrued salary expense, $730
May 31: Recorded depreciation for May on kitchen equipment, $780
If Sweet Catering had recorded transactions using the Cash method, how much net income (loss) would they have recorded for the month of May? If there is a loss, enter it with parentheses or a negative sign.
If Sweet Catering had recorded transactions using the Cash method, the net loss recorded for the month of May would have ($3,730).
What is the cash basis of accounting?The cash basis of accounting is the opposite of the accrual basis. This accounting method records transactions based on the occurrence of cash receipts and payments.
On the other hand, the accrual basis takes into consideration all transactions that pertain to the period whether cash movements are involved or not.
Transaction Analysis:May 1: Prepaid Rent $2,400 Cash $2,400
May 5: Electricity $60 Cash $60
May 9: Cash $2,610 Sales Revenue $2,610
May 14: Kitchen equipment $3,880 Cash $3,880
May 23: Accounts Receivable $2,050 Sales Revenue $2,050
May 31: Rent Expense $800 Prepaid Rent $800
May 31: Salary expense $730 Salaries Payable $730
May 31: Depreciation Expense- kitchen equipment, $780 Accumulated Depreciation $780
Cash Accounting for net income (loss):
Cash Revenue $2,610
Kitchen equipment -3,880
Prepaid rent -2,400
Electricity -60
Net loss = $3,730
Thus, if Sweet Catering had recorded transactions using the Cash method, the net loss recorded for the month of May would have ($3,730).
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You have been hired as a strategic planning consultant to Acre Pizza, a regional chain of outdoor dining pizza restaurants. Acre Pizza is deciding whether or not to outsource home deliveries to third parties such as GrubHub, DoorDash, or UberEats. What would be the biggest drawback of outsourcing this value chain activity
Given that the company is deciding to outsource or not to outsource, the greatest setback that they would experience would be:
Acre Pizza loses flexibility in accommodating its delivery partners with just-in-time orders.What is outsourcing?This is a business practice that a lot of organizations engage in. It is the practice of hiring people or companies outside their organizations to handle certain operations.
Outsourcing this job is going to prevent the business from having full control over the deliveries.
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Imagine you take a shopping trip to a flea market, and you are looking for an old record player. You know the typical antique record player is very expensive. When you arrive, you notice several vending booths all selling antique record players. When you look at the price, you realize it is half the cost you expected! The fact that the cost of this product is so low surprises you at first, until you remember the law of supply and demand. Describe how supply and demand plays into the price of the record player.
The best explanation of how the principle of demand and supply has affected the price of the record player is:
Because there are several vending booths in the same area selling the same item, there would be a reduction in price to attract more customers.What is Demand?This refers to the quantity of goods which are requested by consumers at a particular time period which has an effect in the price of the good.
With this in mind, the principle of demand and supply was in effect as in the flea market, there was a reduction in price of an old record player because there was a lot of the goods in a location.
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Eastern Semiconductor is currently selling its most popular microchip for $220. has been selling 4.000 of these chips per month . The company has learned however , that next month an overseas competitor will enter the market and start selling a copy of this chip for $200. If Eastern maintains its price of $220 per chip expects its sales to decrease to 3,000 units per month. Given that Eastern's variable costs for this product are $40 per chip, what is the breakeven sales level for Eastern decreasing its price by $20 price per chip?
Based on the price change, the decrease in sales, and the variable cost, the breakeven sales level for Eastern Semiconductor would be 375 units.
What would be the breakeven point here?The breakeven point can be found by the formula:
= [Change in fixed price - (Change in selling price x decrease in sales)] / [New selling price - Variable cost]
Change in selling price is:
= New selling price - Original selling price
= 200 - 220
= -$20
Solving gives:
= [ 0 - ( -20 x 3,000)] / [200 - 40)
= 375 units
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La panamericana
Think of the reading and choose sí if the statement is correct. Choose no if it is not correct.
La panamericana es una red o sistema de carreteras y caminos que se extiende desde la frontera de Estados Unidos y México hasta la Patagonia chilena.
Question 8 options:
sí
no
It is correct to say that the Panamericana is a system of roads and paths that extends from the border of the United States and Mexico to the Chilean Patagonia.
How important is the highway?Panamericana is an essential route for the transport of agricultural products and a variety of goods between countries, with a length of 19,000 miles.
Therefore, the Pan-American highway is essential as the longest road system in the world according to Guinness World Records, being essential to connect countries on the American continent.
The correct answer is:
SíFind out more information about La Panamericana here:
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A company has two departments, Y and Z that incur advertising expenses of $8,000. Advertising expenses are allocated based on sales. Department Y has sales of $400,000 and Department Z has sales of $600,000. The advertising expense allocated to Departments Y and Z, respectively, are: _________
Based on the fact that advertising expenses are allocated based on sales, the advertising expenses to Departments Y and Z will be:
Department Y - $7,200Department Z - $10,800What would be the advertising cost for Department Y?This can be found as:
= Department Y sales / (Total sales) x Advertising expenses
= 400,000 / 1,000,000 x 18,000
= $7,200
What would be the advertising cost for Department Z?= 600,000 / 1,000,000 x 18,000
= $10,800
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Yellow, Inc. manufactures teddy bears and dolls. Currently, Yellow makes 2,000 teddy bears each month. Each teddy bear uses $2.00 in direct materials and $0.50 in direct labor. Yallow uses two activities in manufacturing the teddy bears: Sewing and Processing. The cost associated with Sewing is $15,000 a month, allocated on the basis of direct labor hours. The cost associated with Processing is $10,000 a month, allocated on the basis of batches. The activity drivers are used as follows:
Teddy Bears Dolls
Direct labor hours 200 200
Batches 35 65
Required:
What is the total manufacturing cost for one teddy bear?
The total manufacturing cost for one teddy bear is $8.
Total manufacturing costTotal manufacturing cost for one teddy bear:
Total manufacturing cost=$2.00 + $0.50+ [($15,000× 1/2)/2,000] + [($10,000 × 35%)/2,000]
Total manufacturing cost=$2.00 + $0.50 + ($7,500/2,000) + ($3,500/2,000)
Total manufacturing cost=$2.00+ $0.50 + $3.75+ $1.75
Total manufacturing cost=$8
Therefore the total manufacturing cost for one teddy bear will be $8.
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A company's production facility, consisting of two identical machines, currently caters only to product A. The annual demand for the product is 4,000 units. Management has now decided to introduce another product, B, that uses the same facilities as that of product A. Product B has an annual demand of 2,000 units. In view of the uncertainties involved in producing two products, management desires to have an overall 10 percent capacity cushion. Given the following additional information, how many more machines are required?
Product Processing time per unit Setup time per batch Batch size
A 2.0 8 100
B 2.8 16 200
Mathematically, Four machines are needed and two machines are necessary
Option B is correct
How many more machines are required?Question Parameters:
The annual demand for the product is 4000 units.
A. Product B has an annual demand of 2000 units.
(Assume 8 hours/shift, 2 shifts/day, 250 days/year, and that no overtime is allowed).
Generally, in light of the fact that the new product will require the same facilities as that of product A and two machines was being used
We see that, Four machines are needed and two machines are necessary
Option B is correct
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Complete Question
A company's production facility, consisting of two identical machines, currently caters only to product A. The annual demand for the product is 4000 units. Management has now decided to introduce another product, B, which uses the same facilities as that of product A. Product B has an annual demand of 2000 units. In view of the uncertainties involved in producing two products, management desires to have an overall 10 percent capacity cushion. Given the following additional information, how many more machines are required? (Assume 8 hours/shift, 2 shifts/day, 250 days/year, and that no overtime is allowed).
No additional machines are necessary.One additional machine is necessary.Two additional machines are necessary.More than two additional machines are necessary.7. Which of the following people is required to file taxes? *
Answer:
what you will be when grow up?
Consider a firm with a contract to sell an asset for $151,000 four years from now. The asset costs $87,000 to produce today. a. Given a relevant discount rate of 13 percent per year, calculate the profit the firm will make on this asset. (A loss should be indicated by a minus sign. Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) b. At what rate does the firm just break even?
Based on the cost to make the asset today and the selling price four years from now, the profit today will be $5,611.12.
What is the profit made?The profit made can be found as:
= Present value of selling price - Asset cost
Solving gives:
= (151,000 / (1 + 13%)⁴) - 87,000
= $5,611.13
In conclusion, the profit is $5,611.13.
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What do search engines use to trust that a local business is an appropriate place for which users are
looking?
Citation
Locations
Websites
Addresses
Dividend models suggest that the value of a financial asset is determined by future cash flows. A problem arises, however, in that future cash flows may be difficult to predict as to ________ of these cash flows.
Answer:
advens
Explanation:
Kishore you are very AAA+++
A bond is issued with a face value of $1,000,000 with an 8-year term. The annual market rate is 5%, with coupon rate of 4%, and payments made annually. The journal entry to record the issuance of this bond includes a debit to ____________ in the amount of ___________. (Fill in the blanks)
Group of answer choices
Discount on Bonds; $65,275
Cash; $1,000,000
Bond Payable; $934,725
Interest Expense; $65,275
Answer:
Explanation:
a
"there is no long run ;there are only short and shorter runs"evaluate that statement.
Answer:
“There is no long run; there are only short and shorter runs.” Evaluate that statement. If you increase production to an infinitely large level, the average variable cost and the average total cost will merge. Why? The following cell phone offer by Sprint is typical of what one can get on a cell phone plan: 4,000 free minutes for $39.99 a month. The fine print says that only 350 of those minutes are anytime minutes; the remaining are restricted to evening and weekend usage. If you go over your allotted time, you are charged 35 cents per minute for any additional minutes
Food Well Inc. is an organization that operates several companies that market bulk food products, restaurant equipment, and disposable dishes. Recently, Food Well acquired a restaurant consulting division. Food Well is pursuing a(n) ________ strategy.
Food Well is pursuing a Focus differentiation strategy.
What is Focus differentiation?This is known to be a method used in competitive advantage where a firm tries to outperform its rivals through the act of offering a product that is seen by consumers to be superior to that of competitors even if its price is higher.
It is known to be used in adopting a differentiation focus strategy. Here, the firm is based on narrow market coverage, and others.
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Describe some of the possible problems a retailer could experience when attempting to sell online internationally.
Answer:
In today’s digital market space consumers and businesses interact, sell, and buy beyond their local borders. With greater access to foreign markets, many U.S companies are looking to expand overseas and to sell internationally.
Global retail sales, including both in-store and online purchases, surpassed $22 trillion in 2014, according to recent figures from eMarketer. The marketing research firm also predicts a 5.5 % increase in overall international retail sales to $28.3 trillion by 2018.
Explanation:
hope it helps
1. A creditor's claim to the property of an individual or business is called
a. an equity
b. an asset
ca liability
d. a credit
Answer:
c. liabilities.
Explanation:
liabilities are the creditors claims to the assets of the business/property.
Discuss the concept of Diversity as per the above video. Do a crítical reasoning analysis using subjective and objective facets
All students who can use the concepts we discussed in class will be able to successfully do this assignment.
Any group that is dysfunctional has a last opportunity to get their act together.
Concept of Diversity
Diversity is a concept which means embracing all types of humans irrespective of their caste, creed, color, race, religion, gender and more. It does not necessarily mean equality, as there are different characteristics of diversity and it has a concept of its own. In other words, diversity has its own set of values plus principles. It is a concept which makes understanding of each group and community’s uniqueness easier.
Sarah has 13 stickers. Sissy has 28 stickers. Sissy divides her stickers into 4 equal group. She gives 1 group to Sarah. How many stickers does Sarah have now. Let s=stickers Sarah has now.
Answer:
10
Explanation:
13+28=41
41 devised by 4 is 10
If an available-to-promise (ATP) for any period is negative, the deficit must be subtracted from the:
a. Master Production Schedule
b. Most recent positive ATP
c. Beginning inventory
d. Bill of materials
It should be noted that in sales, when there is a negative available-to-promise, the deficit must be subtracted from the B. Most recent positive ATP.
What is sales?Sales simply means the quantity of goods and services that are sold at a particular time.
In this case, if the available-to-promise (ATP) for any period is negative, the deficit must be subtracted from the most recent positive ATP.
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One of the errors supervisors/managers make about selecting reinforcers is an assumption that staff like what the supervisor likes. What are ways of assessing reinforcers for staff include:
The ways of assessing reinforcers for staff include
InterviewsDirect observationsTrials, etcWho is a Reinforcer?This is a person who attempts to strengthen certain behaviors among members of the staff and employees with the aim of getting them to keep doing such behaviors.
With this in mind, we can see that because supervisors make errors when selecting reinforcers by making an assumption that the staff likes what the supervisor likes, the ways of assessing reinforcers for staff includes the use of interviews, direct observations, trials, etc.
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___ refers to factors that prevent new firms from successfully competing in the industry
Answer:
barriers to entry
Explanation:
The National Day Laborers Organizing Network is an example of a(n) __________, which is a nonprofit organization that offers training, legal advice, lobbying, and worker advocacy to members.
The National Day Laborers Organizing Network is an example of a(n) labor union, which is a nonprofit organization that offers training, legal advice, lobbying, and worker advocacy to members.
What is a labor union?A labor union is an organization of workers who are unified in order to achieve some common goals that would benefit its members.
A good example of a labor union is National Day Laborers Organizing Network.
Thus, the National Day Laborers Organizing Network is an example of a(n) labor union.
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Which of the following is NOT a true statement about monopolies?
a) antitrust laws attempt to reduce monopoly power
b) they try to charge higher prices than would result through competition
C)
they may try to influence the political system in order to protect and enhance
their power
d) by maximizing profits, they ultimately benefit social welfare
Answer:
d
Explanation:
They are monstrous people that bankrupt others for their own well benefit im broke bc of it.
True or false. In the marketing strategy planning process model, the elements on the left side of the model (Context, Customers, Company, and Competitors) are what marketing managers can control
It is FALSE that the elements on the left side of the marketing strategy planning process model (Context, Customers, Company, and Competitors) are what marketing managers can control.
What is the marketing strategy planning process model?The marketing strategy planning process model shows the systematic approach that marketing managers can employ to achieve marketing goals.
The steps in the model help marketing managers to study the situation, set objectives, formulate strategies, develop action programs, implement and control marketing efforts, and carry out reviews and evaluations.
Thus, it is FALSE that the elements on the left side of the marketing strategy planning process model (Context, Customers, Company, and Competitors) are what marketing managers can control.
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David is a licensed agent who typically represents homeowners looking to sell their house. As an agent, David has limited authority when working with clients, and his duties are limited to those outlined in the listing agreement. How would you characterize David's agency relationship?
The best way to characterize David's agency relationship is:
D. David is a special agent since he is only responsible for one property at a time with limited duties.Who is an Agent?This refers to a person who represents another person and their interests when dealing with the buying or selling of property.
With this in mind, we can see that because David is a licensed agent, he represents homeowners but has limited authority when working with clients and his agency relationship is one that he is a special agent since he is only responsible for one property at a time with limited duties.
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Following the innovation terminology used in the lecture and the textbook, Diamond Shreddies would best be described as a _________.
Following the innovation terminology used in the lecture and the textbook, Diamond Shreddies would best be described as an innovative company.
What is an innovative organization?An innovative organization is one that ensures that every member of the organization is engaged in efforts to achieve its goals and reach its visions.
Innovative organizations are characterized by the following qualities:
LeadershipImplementationFailure is welcomeTrusting environmentAutonomyUnique and relevant strategy.Thus, following the innovation terminology used in the lecture and the textbook, Diamond Shreddies would best be described as an innovative company.
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Buying a Vacation Home
Barrie and Inga Adlington, of Birmingham, England, have just finished putting their three daughters through college. As empty-nesters, they are considering purchasing a vacation home in the United States on a lake because prices have dropped in recent years. The house might also serve as a retirement home once they retire in 6 years. The Adlingtons' net worth is $382,000 including their home worth about $266,000 on which they currently owe $43,000 for their first mortgage, with a $798 per month payment. Their outstanding debts in addition to their mortgage include $12,200 on one car loan ($257 monthly payment), $13,700 on a second car loan ($294 monthly payment), and a $25,700 second mortgage on their home taken out to help pay for their daughters' college expenses ($185 monthly payment). Their income is $110,000.
Calculate the Adlingtons' debt-to-income ratio. Round your answer to two decimal places.
_______________ %
Advise them as to the wisdom of borrowing to buy a vacation home at this time.
The debt to income ratio is 86 percent. This is high so the family should not buy a house.
The total debt that is owed by this familyFirst mortgage = $43,000
Outstanding debts = $12,200
Car loan = $13,700
Second mortgage =$25,700
The total debt that this family is owing is given as
$43,000+ $12,200+$13,700+$25,700
= 94600 dollars
The total income that this family makes is given as $110,000.
The debt to income ratio would be
94600/$110,000.
= 0.86
Therefore the debt to income ratio that this family has is 86%.
Given that their debt to income ratio is high, it is advisable that the family has to stay away from purchasing a new house.
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what accounts are closed during the closing process? Please answer in complete sentences
Answer:
Brainliest pls
Explanation:
Just income, cost, and profit accounts are shut not a resource, responsibility, Common Stock, or Retained Earnings accounts. The four fundamental stages in the end interaction are: Closing the income accounts-moving the credit adjusts in the income records to a clearing account called Income Summary.
