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Tatiana [17]
2 years ago
12

Edmond, the CEO of Hartman Manufacturing, said to his new vice president of accounting, "In the past I had resistance to new ide

as by employees who felt that our plans threatened their influence or their jobs. So when you tell your collections department that we just hired a collection agency to handle bad debt, you may have to sell your collections manager and his supervisors on using the agency. You also have to emphasize the fact that nobody is going to be laid off." Selling middle and supervisory managers on changes to overcome their resistance is often a necessary part of:_______________.
A. strategy implementation.
B. reality assessment.
C. strategic control.
D. operational control.
E. strategy formulation
Business
1 answer:
rodikova [14]2 years ago
6 0

Answer:

A.

Explanation:

Based on the information provided within the question it can be said that this is many times a necessary part of strategy implementation. This term refers to the process which a company undergoes in order to begin putting the chosen plans and strategies into action with the hopes of achieving the desired goal. This process many times requires situations like the one in question to be handled.

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Listed below are several transactions that took place during the first two years of operations for the law firm of Pete, Pete, a
In-s [12.5K]

Answer:

1. Computation of Net Operating Cash flow

Particulars                                                 Year 1 $      Year 2 $

<u>Net Operating Cash flow</u>

Cash collected from clients                    $167,000     $197,000

Less: Cash Disbursement  

Salaries                                                     $97,000       $107,000

Utilities                                                      $33,500       $47,000

Purchase of insurance policies               $62,100        $0

Net Operating Cash Flow                     -$25,600        $43,000

Therefore, net operating cash flow for year 1 is -$25,600  and year 2 is $43,000.

2. Income Statement for each year

Particulars                                  Year 1 $        Year 2 $

Revenue                                     $184,000    $234,000

Expenses:

Salaries                                       $97,000      $107,000

Utilities                                        $38,500      $42,000

Insurance Policy($62, 100/3)     $20,700      $20,700

Net Income                                 $27,800      $64,300

Working:

Utilities for year 2 = $33,500 + $47,000 - $38,500 = $42,000

3. Computation of account receivables

Particulars                                                     Year 1 $      Year 2 $

Account receivables beginning balance        $0            $17,000

Add: Account billed to client                       $184,000     $234,000

Less: Cash collections from clients             $167,000     $197,000

Ending account receivables                       $17,000       $54,000

Therefore, net amount of account receivables for year 1 is $17,000 and year 2 is $54,000

4 0
2 years ago
Acme Explosives recently gave very specific specifications to its suppliers of raw materials in an attempt to improve the qualit
MakcuM [25]

Answer:  Option A                                                              

 

Explanation: In simple words, concurrent controls refers to the regulation of activities by an organisation to make sure that those activities are performed as per the standards set. Usually the activities regulated under this type of control are related to the transformation process.

Such control is made to improve an existing performance and not in relation to some new set of activities that are to be performed. Hence from the above we can conclude that the given case is an example of concurrent control.

6 0
2 years ago
The lower a firm's inventory turnover, the longer it takes the firm to collect payment on its sales. a. faster the firm collects
Doss [256]

Answer:

The answer is C. longer inventory sits on the firm's shelves

Explanation:

The Inventory turnover is the number of times inventory is sold or used during a given period of time.

The formula is:

cost of goods sold/average inventory.

A lower inventory turnover means weak sales(declining sales) and excess inventory remaining in the warehouse while a higher inventory turnover means it is taking a firm short time to sell its goods(inventory)

4 0
2 years ago
Land held for possible plant expansion would be included as an operating asset when computing return on investment (ROI).
Softa [21]

Answer:

B. False

Explanation:

Land held for possible plant expansion would NOT be included as an operating asset when computing return on investment (ROI).

Return on investment (ROI) is used to measure the profitability of an investment. It helps to compare the gain or loss from an investment in relation to its cost.

Return on investment can be used to determine

1. Profitability of a stock investment,

2. Profitability of the purchase of a business investment

3. Profitability of a real estate business

ROI = Net return / cost of investment × 100

Net return= Final value of investment - initial value of the investment

6 0
2 years ago
Greg used his credit card to buy exercise equipment. The cost was $826.38.If Greg pays $50 a month for 20 months, the total inte
Dvinal [7]
The answer is $898.75
4 0
2 years ago
Read 2 more answers
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