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LenaWriter [7]
2 years ago
12

Item 27Item 27 Greg, the owner of a lawn care service, likes to meet with his employees six months after their yearly evaluation

to discuss how they are progressing on suggestions and plans to improve their yearly job evaluation. At this point, by comparing the six-month results with the past evaluation, Greg is in the ______ step of the planning/control cycle.
Business
2 answers:
Morgarella [4.7K]2 years ago
7 0

Answer:

The correct answer is letter "E": control.

Explanation:

The Planning-Control Cycle of a business implies setting the strategies the firm believes can perform to achieve its objectives and monitoring that performance to find out if there were deviations that must be adjusted. During the planning stage, the firm formulates plans and carry them out while in the control phase it takes corrective action and compares preliminary and final results with the plans schemed.

Therefore, <em>by meeting with employees six months after releasing the company's yearly evaluation to find out what the progress of employees is, Greg is in the control phase of the Planning-Control Cycle.</em>

Paul [167]2 years ago
5 0

Answer:

control

Explanation:

Based on the information provided within the question it can be said that in this scenario Greg is in the control step of the planning/control cycle. This step focuses mainly on making sure that everything is going according to plan and that no changes have taken place, as well as making sure that everything is being done in order to meet the organizational goals.

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TufStuff, Inc., sells a wide range of drums, bins, boxes, and other containers that are used in the chemical industry. One of th
kozerog [31]

Answer:

It is more convenient to produce in house. But, the best option would be to produce 2,875 units and buy the rest of 3,375 demand.

Explanation:

Giving the following information:

Cost per drum:

Direct materials $45.40

Direct labor ($18 per hour) 4.50

Manufacturing overhead 4.05

Selling and administrative expense 16.30 70.25

Margin per drum $ 104.75

Management believes 3,375 WVD drums could be sold each year if the company had sufficient manufacturing capacity.

Harcor Industries, Inc., a supplier of quality products, would be able to provide up to 1,800 WVD-type drums per year for $130 per drum.

We will assume that the selling cost will remain whether it is purchased or make in house.

Make in house:

Unitary cost= 45.40 + 4.5 + 4.05 + 70.25= $124.2

Buy= $130

Gross profit (make in house)= 175 - 124.2 - 16.3= 34.5

Gross profit (buy)= 175 - 130 - 16.3= 28.7

It is more convenient to produce in house. But, the best option would be to produce 2,875 units and buy the rest of 3,375 demand.

5 0
2 years ago
Design Services is organized as a limited partnership, with Miko Toori as one of its partners. Miko's capital account began the
Veseljchak [2.6K]

Answer:

Partners return on the equity will be 18.8 %

So option (e) will be correct option

Explanation:

We have given Miko's capital account began the year with a balance of $16200

So beginning equity of miko's = $46,200

Ending equity of miko's = $46,200 + $8,700 - $5,200 = $49,700

Average equity =\frac{49700+46200}{2}=$47950

Partners return on equity =\frac{partners\ net\ income}{average\ partners\ equity}=\frac{8700}{47950}=0.181=18.1%

So partners return on equity will be 18.8 %

So option (e) will be the correct answer

3 0
2 years ago
A(n _____ contract carries the least risk for suppliers.
Mandarinka [93]
The contract that carries the least risk for suppliers is CPPC. In this type of contract the buyer pays the supplier for allowable performance cost and pre-determined percentage based on total cost. The full meaning of CPPC is Cost Plus Percentage of Cost.
3 0
2 years ago
Prepare a net worth statement for Ben Lingo based on this information: He owns a car worth $2,000, but owes $1,500 on it at the
Murljashka [212]

Answer:

Ben Lingo's Net Worth Statement:

Assets:

Cash $82

Savings $150

Car $2,000

Inventory $1,200

Total Assets = $3,432

Liabilities:

Car loan $1,500

Credit Union loan $80

Total Liabilities = $1,580

Net Worth = Total Assets - Total Liabilities

                 = $3,432 - $1,580

                 = $1,852

5 0
2 years ago
Wholesome Burger, Inc. budgeted 25,000 direct labor hours for producing 100,000 units. The standard direct labor rate is $6 per
Ne4ueva [31]

Answer:

See below

Explanation:

Given the above information, we will apply the formula below to compute direct labor rate variance.

Direct labor rate variance =

(SR - AR) × AH

Stanadard (Rate) SR = $6

Actual Hour (AR) = $6.25

Actual Hour (AH) = 30,000

Then,

Direct labor rate variance

= ($6 - $6.25) × 30,000

= -$0.25 × 30,000

= -$7,500

= $30,000 Unfavorable

It is unfavourable because the actual rate is more than the budgeted rate.

8 0
2 years ago
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