Answer: a. Controlling
Explanation:
The Controlling function in management is meant to ensure that employees in a company are acting in a manner that abides by the standards of the company or organization in question.
It works by managers ensuring that they check that employees are acting in the way they are to act and if they are not, corrective action must be meted out to stop the behavior.
The Secret Service had some embarrassing moments in 2015 with some agents being found drunk on a trip to Europe where they were assigned to President Obama's detail. Had supervisors been making sure that subordinates acted in a manner befitting of the secret service, the acts would have had a significantly less chance of happening.
Answer:
E) rack jobbers.
Explanation:
Rack jobbers is defined as a company or trader that has an agreement with a seller to display their products in the retail stores and sell them. Usually channels used are not the traditional channels used to sell the products and can include: gas stations, grocery stores.
In such instances the profit realised is split between both parties. For example if Procter and Gamble provide a product rack to a grocery store this is called rack jobbers.
This will be Reynold's best option as he does not want to take care of setting up displays and maintaining inventory records.
The answer to this question is the clean air act. The clean air act or CAA is a law which regulates the air emissions from sources like cars, factories, etc. The clean air act prevents air pollution and makes it a point that we will have a clean air for everybody's benefit.
Answer:
At the rate of return of 18%, the purchase of the new machine is not convenient.
Explanation:
Giving the following information:
Simone Company is considering the purchase of a new machine costing $50,000. It is expected to save $9,000 cash per year for 10 years, has an estimated useful life of 10 years, and no salvage value. Management will not make any investment unless at least an 18% rate of return can be earned.
We need to find the net present value using the following formula:
NPV= -Io + ∑[Cf/(1+i)^n]
Cf= cash flow
NPV= -50,000 + 9,000/1.18 + 9,000/1.18^2 + 9,000/1.18^3 + ... + 9,000/1.18^10
NPV= -9,553
At the rate of return of 18%, the purchase of the new machine is not convenient. It will produce a loss in value.
Answer:
Interest paid in the first year = $420
Explanation:
This the an example of a loan amortization. A loan amortization is a method of loan repayment where a series of equal amount (instalment) is paid by the borrower to offset both the loan principal amount and the accrued interest over the loan period.
The interest paid in a year :
This is calculated as interest rate × loan balance at the beginning of the year
For Aunty Tilly, Interest paid in the first year will be:
= 12% × 3500
= $420
Equal Installment
The equal installment is calculaed as follows:
Equal amount = Loan Amount/ annuity factor
Annuity factor = (1 - (1 +r)^(-n))/ r
r- number of period, r- interest rate
Annuity factor = 1 - (1+0.12)^(-4)/0.12)
= 3.0373
in this question, the equal installment:
= 3500/3.0373
=$ 1152.32 (the question did not ask for this anyway)
