10. Rahim runs a lawn-care business. One day the company's large mower breaks down in the middle of a job, and Rahim makes the decision to buy a new one. This is an example of a(n) decision. Onon-programmed Oprogrammed Oinvolved Orepresentative
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A manager's programmed decisions are those that he or she has made before. Despite being well-organized and following preset rules in the decision-making process, programmed decisions might also be repeated if the outcome was successful previously. As a result, when presented with a business-related programmed decision, it does not take a supervisor long to reach a conclusion because the difficulty is not new. As a result, programmed decisions allow a manager to make streamlined and consistent decisions.
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- The producer of a medicinal 'smoke ball' advertised in the print media and social media that anyone who bought and used the ball in proper way and still contracted influenza would be paid a 500 OMR reward. Miss Ayesha used the ball as per directions and did catch influenza. When she approached the producer, they claimed that there was no enforceable contract because Miss Ayesha had never notified the company that she accepted its offer. Questions a. Can Miss Ayesha go to a court of law and claim reward from the company? Why or why not? b. Is the contract in this case enforceable by law or not?Which of the following is an opportunity cost of replacing the old computer terminals with new flat-panel displays? O Wages of the registration desk personnel O Cost of electricity to run the terminals O Benefits from a new freezer O Rent on the space occupied by the registration deskAN Daniel and Darnell are considering offering a doggy daycare service. After some research, Daniel and Darnell found several pet daycare facilities in their area; but they were expensive! Further, the facili- ties were sterile and didn't provide for a "homey" or fun environment for their pets. Daniel and Damell felt they could easily solve this problem. Daniel's home would be the location for their business since it already had a fenced-in yard a nd is located two blocks from a dog park. Estimated costs for building an outdoor shelter, plus other licensing and business start-up costs, are as follows. Shelter (depreciated over 7 years) $500 per year Licensing & other annual costs $750 per year $15 per hour $15 per day per dog Hourly wage for hired labor; planned for only 200 hours per year Variable costs for food Estimated volume of dogs per day (Assume business is open 5 days a week) Which pricing strategy, target costing or cost-plus, would be more appropriate for this company,…
- Review the scripture below. Does God's word here have relevance to the concepts being studied in Managerial Accounting, or do spiritual and business concepts just not mix? Please share your ideas and give examples. Feel free to cite other sources. Luke 14:28-30 in the Bible reads: “But don’t begin until you count the cost. For who would begin construction of a building without first calculating the cost to see if there is enough money to finish it? Otherwise, you might complete only the foundation before running out of money, and then everyone would laugh at you. They would say, ‘There’s the person who started that building and couldn’t afford to finish it!’" Explain the meaning of (a) differential revenue, (b) differential cost, and (c) differential income. A company is offered incremental business at a special price that exceeds the variable cost. What other issues must the company consider in deciding whether to accept the business? Although the cost-plus approach to product…1. Xavier opens up a lemonade stand for two hours. He spends $10 for ingredients and sells $60 worth of lemonade. In the same two hours, he could have mowed his neighbor's lawn for $40. Xavier has an accounting profit of and an economic profit of a. $50, $10 b. $90, $50 c. $10, $50 d. $50, $90a shoe factory needed the machine for fast production , so they ordered it. upon order, the machine was was immediately listed as one of its assets. which accounting principle is violated? why?
- 112. Please answer within 3-6 hours. Don't give short answers.Kate’s business continues to flourish. It hardly seems that just eleven months ago, in September of last year, Kate started the business. She is especially pleased that she was able to successfully defend herself against what turned out to be a mistaken attempt to sue her for copyright infringement. She was able to clearly demonstrate that her card designs were unique and significantly different from the designs sold by Mega Cards. Kate has decided to take on an investor. Taylor Kasey believes that Kate’s Cards represents a good investment and wishes to invest money to help Kate expand the business. Kate, however, is somewhat unsure how to structure Taylor’s investment. Taylor wishes to be an equity investor rather than simply providing a loan to Kate. Kate wants to know whether she should issue Taylor common stock or preferred stock for her investment. 1. Discuss the difference between the two classes of stock and suggest which type is more ap- propriate for Kate to issue. 2. Kate has…
- A manufacturer of potato chips would like to know whether its bag filling machine works correctly at the 428 gram setting. Is there sufficient evidence at the 0.05 level that the bags are overfilled? Assume the population is normally distributed. State the null and alternative hypotheses for the above scenario. Answer Ho: Ha: Tables Keypad Keyboard Shortcutsunu aUcuracy of the financial statements? output of What's New Mr. Juan is a retired government employee who is good at baking. One day he decides to put up a bakery shop in your barangay. He renovates a portion of his house to serve as the area for the production of bread. He purchases baking equipment and raw materials to produce five different types of bread. Mr. Juan also hires Jose to help him with the baking and, at the same time, to be in- charge of sales. Mr. Juan pays Jose on a weekly basis. Every day, Mr. Juan's wife deposits the daily cash sales in their bank account at XY Savings Bank. With the help of accounting, what possible decisions or questions of Mr. Juan can accounting provide an answer to? Guide questions on the scenario given: • Is my business earning? (Profitability) » How much daily or monthly sales do I need in order to recover my fixed cost? (Break-even) • Do i need to hire additional workers to help me with my production? • Can I afford to set up a new store…Zara wants to export her estimates report into an Excel spreadsheet. Once Zara exports the report, what limitation will she have? Select an answer: She will not be able to export the Excel spreadsheet back into QuickBooks. She will not be able to save the Excel spreadsheet to her computer. She will not be able to make any additions to the Excel spreadsheet.