BUSINESS COLLEGE

Which of the following is an example of a middle manager?Teller at a bank
O Director of marketing
O Chief executive officer
O Salesperson in a retail store

Answers

Answer 1
Answer:

The Director of marketing is an example of a middle manager. Thus, option B is correct.

Who is a manager?

A manager is a person who maintains the flow of the business, he is responsible for the smooth running of the business and coordinating between various departments. A manager tends to be the person who is delegating and is responsible for coordinating.

According to the hierarchical positions of the company, there are various positions that need to be filled like workers, staff, managers, executive managers, head of an office, CEO, etc.

From the given options, the middle manager will be the director of marketing the teller of the bank comes at a lower level, the chief executive officer will be at the top most level, and a salesperson will be at the lower middle level.  Therefore, option B is the correct option.

Learn more about managers, here:

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Answer 2
Answer:

Answer:

Director of marketing

Explanation:

I just got it right in a test

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Answers

Answer:

a and c

Explanation:

did it on edge 2020

Answer:

A and C! edge 2020!

Explanation:

A company has the following balances on December 31, 2021, after year-end adjustments: Accounts Receivable = $62,300; Allowance for Uncollectible Accounts = $6,500.Calculate the net realizable value of accounts receivable t realizable

Answers

Answer:

$55,800

Explanation:

The computation of the net realizable value of accounts receivable is shown below:

Net realizable value of account receivable = Account receivable - Allowance for Uncollectible Accounts

= $62,300 - $6,500

= $55,800

By deducting the allowance for uncollectible accounts from the account receivable so that the net realizable value of the account receivable

Everyone in the Tagi tribe agreed to vote out Gervasse at the next tribal council. Their 39-day project to make it to the final four together was two steps away from completion. This project group is in the:A) storming stage of group development.
B) performing stage of group development.
C) forming stage of group development.
D) norming stage of group development.

Answers

Answer:

B) performing stage of group development.

Explanation:

The stages in group development are

  • forming.
  • storming.
  • norming.
  • performing.
  • adjourning.

In the forming stage, the project team members get to know each other and lay the basis for project and team ground rules.

In the storming stage, features the start of conflict as team members begin to resist authority and demonstrate hidden agenda.

In the norming stage, members agree on operating procedures and seek to work together.

In the the performing stage, finally committing to the project development process. Group members work to accomplish the project and display a level of competence.

In the adjourning stage, once their work is done, group is disband.

As a long-term investment, Painters' Equipment Company purchased 25% of AMC Supplies Inc.'s 500,000 shares for $580,000 at the beginning of the fiscal year of both companies. On the purchase date, the fair value and book value of AMC’s net assets were equal. During the year, AMC earned net income of $350,000 and distributed cash dividends of 25 cents per share. At year-end, the fair value of the shares is $615,000. Required: 1. Assume no significant influence was acquired. Prepare the appropriate journal entries from the purchase through the end of the year. 2. Assume significant influence was acquired. Prepare the appropriate journal entries from the purchase through the end of the year.

Answers

Answer:

A.Journal entries

(1)

Dr Investment in AMC common shares

$580,000

Cr Cash $580,000

(2) No journal entry required

(3) Dr Cash $31,250

Cr Investment Revenue $31,250

(4) Dr Fair value adjustment

$35,000

Cr Net unrealised holding gains and losses- OCI $35,000

(B.) Journal entries

Dr Investment in AMC common shares $580,000

Cr Cash $580,000

(2) Investment in AMC common shares

Dr $87,500

Cr Investment Revenue $87,500

(3) Dr Cash $31,250

Cr Investment in AMC common shares $31,250

(4) No journal entry required

Explanation:

A.Journal entries

(1)

Dr Investment in AMC common shares

$580,000

Cr Cash $580,000

(2) No journal entry required

(3) Dr Cash $31,250

Cr Investment Revenue $31,250

(4) Dr Fair value adjustment

$35,000

Cr Net unrealised holding gains and losses- OCI $35,000

Working notes:

Cash Dividends = 25%*500,000*$0.25 = $31,250

Adjustment entry:

Fair value adjustment = 580,000-615,000 = $35,000

B.) Journal entries:

(1)

Dr Investment in AMC common shares $580,000

Cr Cash $580,000

(2) Investment in AMC common shares

Dr $87,500

Cr Investment Revenue $87,500

(3) Dr Cash $31,250

Cr Investment in AMC common shares $31,250

(4) No journal entry required

Working notes:

Net Income:

Investment in AMC common shares = 25%*350,000= $87,500

Cash Dividends = 25%*500,000*$0.25= $31,250

Gebler Company sells a product for $ 70 per unit. Variable costs are $ 25 per​ unit, and fixed costs are $ 2 comma 500 per month. The company expects to sell 570 units in September. Prepare an income statement for September using the contribution margin format.

Answers

Answer:

Instructions are listed below

Explanation:

Giving the following information:

Gebler Company sells a product for $ 70 per unit.

Variable costs are $ 25 per​ unit.

Fixed costs are $ 2500 per month.

The company expects to sell 570 units in September.

Contribution income statement:

Sales= 70*570= $39,900

Variable costs= 570*25= 14250

Contribution margin= 25,650

Fixed costs= 2500

Net income= $23,150

Hitzu Co. sold a copier (that costs $4,500) for $9,000 cash with a two-year parts warranty to a customer on August 16 of Year 1. Hitzu expects warranty costs to be 5% of dollar sales. It records warranty expense with an adjusting entry on December 31. On January 5 of Year 2, the copier requires on-site repairs that are completed the same day. The repairs cost $146 for materials taken from the repair parts inventory. These are the only repairs required in Year 2 for this copier. 1. How much warranty expense does the company report for this copier in Year 1?

Answers

Answer:

In year 1 the warranty expense reported is $450 ($9,000 x 5%)

Explanation:

The journal entries would be:

Sales journal entry - August 16 - Year 1

Account                          Debit             Credit

Cash                                $9,000

Cost of goods sold         $4,500

Revenue                                               $9,000

Inventory                                              $4,500

Accrued Warranty Expense - December 31 - Year 1

Account                         Debit               Credit

Warranty Expense        $450

Estimated Warranty

Liability                                                    $450

By the end of Year 1, the company has recognized an accrued expense (an accrued expense is recognized before cash is actually paid out) for $450.
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