Continuation: These positions do not entail a salary as we anticipate that our efforts will yield returns in the form of profits generated during the business simulation. Instead of wages, our focus is on maximizing income through efficient operations and effective strategies throughout the duration of the simulation. Table 9. Administrative Expenses Particulars Rate per Day Manager Care of Mandaragon Cashier Care of Amanoddin & Tumayao Financial Manager Care of Tumayao Total Php 0.00 Selling and Administrative Expenses Since selling and administrative costs are covered by CupEat members, no further expenditures will be necessary. Table 10. Selling and Administrative Expenses Particulars Total Expense Administrative Expenses Cover of CupEat members Communication Expense Cover of CupEat members Promotional Expense Cover of CupEat members Total Php 0.00 Summarize everything
Continuation: These positions do not entail a salary as we anticipate that our efforts will yield returns in the form of profits generated during the business simulation. Instead of wages, our focus is on maximizing income through efficient operations and effective strategies throughout the duration of the simulation. Table 9. Administrative Expenses Particulars Rate per Day Manager Care of Mandaragon Cashier Care of Amanoddin & Tumayao Financial Manager Care of Tumayao Total Php 0.00 Selling and Administrative Expenses Since selling and administrative costs are covered by CupEat members, no further expenditures will be necessary. Table 10. Selling and Administrative Expenses Particulars Total Expense Administrative Expenses Cover of CupEat members Communication Expense Cover of CupEat members Promotional Expense Cover of CupEat members Total Php 0.00 Summarize everything
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
Related questions
Question
Continuation:
These positions do not entail a salary as we anticipate that our efforts will yield returns in the form of profits generated during the business simulation. Instead of wages, our focus is on maximizing income through efficient operations and effective strategies throughout the duration of the simulation.
Table 9. Administrative Expenses
|
Particulars |
Rate per Day |
|
Manager |
Care of Mandaragon |
|
Cashier |
Care of Amanoddin & Tumayao |
|
|
Care of Tumayao |
|
Total |
Php 0.00 |
- Selling and Administrative Expenses
Since selling and administrative costs are covered by CupEat members, no further expenditures will be necessary.
Table 10. Selling and Administrative Expenses
|
Particulars |
Total Expense |
|
Administrative Expenses |
Cover of CupEat members |
|
Communication Expense |
Cover of CupEat members |
|
Promotional Expense |
Cover of CupEat members |
|
Total |
Php 0.00 |
Summarize everything
Transcribed Image Text:CupEat and promoting innovation, excellence, and efficiency, the manager demonstrates
leadership and accountability.
2) Cashier
When it comes to CupEat's bottom line, the cashier is a major player and an important cog
in the wheel. It is their duty to keep a close eye on the money, which entails things like accurately
calculating daily revenues and collecting payments from customers. This position is essential for
maintaining the company's financial health and ensuring transparency in financial operations.
Moreover, the cashier ensures that payments are collected promptly and recorded accurately.
contributing to the overall financial stability of CupEat.
3) Financial Manager
The principal duty of the financial manager is to create and uphold the financial plans and
policies of the business. This entails developing budgets, financial forecasts, and investment plans
that are in line with the business's overarching goals and objectives. The financial manager
discovers development possibilities and optimizes strategies while reducing risks to maintain the
business's financial stability via thorough analysis of financial data and market trends.
The financial manager has a crucial responsibility in monitoring the company's cash flow
and liquidity. They are responsible for managing the flow of finances to ensure the business has
the resources to satisfy financial commitments. By maintaining a healthy cash flow, the financial
manager helps safeguard the company against liquidity crises and ensures its ongoing operational
continuity.
It's worth noting that these jobs at CupEat are held by dedicated members of the group.
therefore the administrative staff does not receive a salary. Instead, they offer their expertise and
efforts to cuplat's overall success.
Behind the CupEat team are individuals who fulfilled specific job qualifications. These
include previous expertise in leading coworkers, being skilled in assessing obligations, and
showing a careful, organized approach. These criteria ensure that potential workers satisfy the
demands of the positions and contribute effectively to CupEat's operations.
Transcribed Image Text:V. MANAGEMENT ASPECT
a. Administrative Expenses
CupEat's workforce is organized into roles and responsibilities, and the business runs on a
structured team dynamic.
1) Manager
In addition to ensuring the efficient operation of CupEat. the manager evaluates the
progress of every member, with a specific focus on the cashier and financial manager. For the
smooth administration of the business, this critical position necessitates an in-depth understanding
of its operational intricacies. The manager plays a critical role in ensuring that the business operates
efficiently and effectively. It manages tasks ranging from procedure optimization to work
organization.
In addition to establishing a collaborative work environment and nurturing the personal
and professional development of team members, the manager assumes the role of a mentor
alongside that of a traditional supervisor. Fostering a culture of accountability, each member of
the CupEat staff is cognizant of their responsibilities in order to contribute to the business's
success. Its oversight of workflow management and scheduling guarantees the timely completion
of tasks. By proactively addressing and resolving issues, ensuring the seamless operation of
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