Acoording to the information provided above, I'm definitely sure that M<span>aria’s management perspective is best described as </span>contemporary. Her strategy is called quality control.
Answer:
Explanation:
Goodwill is defined as the excess in amount of the purchase price of a company over the fair value at acquisition.It is intangible in nature , meaning it can not be physically separated from the other assets. Example are patent , brand name , good employee relation.
1.
Goodwill calculation
Purchase price - $2,500,000
Fair value - $1,800,000
Goodwill - $700,000
2.
No
Under the IAS 36, impairment of assets , goodwill is not amortized but annually tested for impairment as amortization is applicable to intangible assets with a definite useful life while intangible assets with indefinite useful life are annually tested for impairment to evaluate a loss in value experienced.
3
No
Under IAS 38 , Internally generated goodwill are not recognized as no related cost is incurred towards achieving a future benefit
Answer:
the company includes at least 10% of overhead costs and an 8% profit margin in all the sales.
Explanation:
Dumping occurs when companies export their products at a lower price than domestic sales price. American laws prohibit dumping and require foreign firms to include 10% overhead costs + an 8% profit margin in the prices of the goods they export to the US.
Answer:
Effect on income= $32,400 increase
Explanation:
Giving the following information:
Difference in selling price= 81 - 57= $24
Number of units= 8,100
Increase in costs= $162,000
<u>To calculate the effect on income, we need to use the following formula:</u>
Effect on income= Increase in revenue - increase in costs
Effect on income= 24*8,100 - 162,000
Effect on income= $32,400 increase
Answer:
Controlling.
Explanation:
Controlling is the process of measuring and correcting activities (plans, organization, personnel etc.) of an organization. Can be considered as the activity for knowing and correcting important changes in the activities that are planned because determines what is being tackled by evaluating the performance and if there is a deviation, by applying corrective measures so that the activities take place according to plans.
Planning is related to controlling. The failure of planning would mean failure in controlling and the success of planning means success of controlling.
Controlling alerts the manager to potentially critical problems:
* Top Management – when goals are not met.
* Middle and Lower Management – when the objectives are not met.
Managers can use the following: Prevent crises, Standardized outputs, Appraise employees performance, Update plans, Protect an organization’s asset
