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ira [324]
2 years ago
8

Answer the following question in your own words:

Business
1 answer:
soldi70 [24.7K]2 years ago
8 0

Answer:

C

Explanation:

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You are the financial manager for a recreation center that has signed an option to purchase new elliptical machines for $22,000
Naddika [18.5K]

Answer:

$19,215.65

Explanation:

To the determine the amount to be invested, we have to find the present value of $22,000 at 7%

P= FV ( 1 + r) ^-n

FV = Future value = $22,000

P = Present value

R = interest rate = 7%

N = number of years = 2

$22,000(1.07)^-2 = $19,215.65

I hope my answer helps you

5 0
2 years ago
There are six printers at "Today's news" newspaper, each printing at the same constant rate. Working together, the six printers
MrRissso [65]

Answer:

Explanation:

Given:

Today:

Number of printers = 6

Work duration = 12 hours

Tomorrow:

Work duration = 8 hours

At the same rate of printing,

If 6 printer were used to print newspapers for 12 hours.

Only 1 printer will work for 12 × 6 hours at the same rate

But is the printers were 8, (12 × 6)/8

= 9 printers.

Initial number of printers = 6 printers

Additional printers to be purchased = 9 - 6

= 3 printers

3 0
2 years ago
Read 2 more answers
On February 1, a customer's account balance of $2,300 was deemed to be uncollectible. What entry should be recorded on February
Lesechka [4]

Answer:

Debit Allowance for Doubtful Accounts $2,300; credit Accounts Receivable $2,300

Explanation:

The journal entry is shown below:

Allowance for Doubtful Accounts A/c Dr $2,300

             To Accounts Receivable A/c $2,300

(Being the written-off amount is recorded)

Since we have to record this journal entry so we debited the Allowance for Doubtful Accounts A/c and credited the account receivable account so that the correct posting can be done.

7 0
2 years ago
Carol has worked for Centrum Springs, Inc., for many years and has now been given the opportunity to advance in the company. Her
Ira Lisetskai [31]

Answer:

controlling, organizing, planning, and leading  

Explanation:

Based on the scenario being described within the question it can be said that the many plans such as controlling, organizing, planning, and leading  are missing from Carol's department. Such as she mentioned Carol's department has not provided any plans to teach her how to advance in her job or even controlled that her department is running efficiently. Along with not encouraging Carol to pursue advancing in the company, it seems that her department has failed in every one of these planning categories.

3 0
2 years ago
Read 2 more answers
Managers and leaders perform many tasks as a result of their goals and objectives. Even though many tasks may be completed as a
tresset_1 [31]

Answer:

a. Paul - Planning

b. Santiago - Organizing

c. Mathew - Planning

d. Chioe - Organizing

e. Kelly Tomasz - Leading

f. Ava - Controlling

g. Michelle - Organizing

Explanation:

Planning is a process function in a business where the person sets objectives to achieve some goal and then decides the course of actions to achieve it.

Organizing is the second step in which resource is allocated to accomplish the goal. It involves deciding the allocation of available resources effectively.

Leading is the act to inspire others so that work can be carried out. It involves the leaders who influence subordinates to achieve their sets goals.

Controlling is the final stage in which performance is analyzed in comparison with the set standards to identify any deviations.

4 0
2 years ago
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