Relate systems management theory

Answers

Answer 1

Answer:

Explanation:

Management theories are concepts surrounding recommended management strategies, which may include tools such as frameworks and guidelines that can be implemented in modern organizations. Generally, professionals will not rely solely on one management theory alone, but instead, introduce several concepts from different management theories that best suit their workforce and company culture.

Related Questions

Alpha Company sold goods to customers who used Under-the-Hill bank credit cards. Credit card sales on July 8, 2016 amounted to $12,000 and were subject to a 2.5% bank fee. Use this information to prepare the General Journal entry (without explanation) for July 8, 2016.
Bullen Inc. acquired 100% of the voting common stock of Vicker Inc. on January 1, 2018. The book value and fair value of Vicker's accounts on that date (prior to creating the combination) are as follows, along with the book value of Bullen's accounts:Bullen Book Value Vicker Book Value Vicker Fair ValueRetained earnings, 1/1/20 $250,000 $240,000 Cash and receivables 170,000 70,000 $70,000Inventory 230,000 170,000 210,000Land 280,000 220,000 240,000Buildings (net) 480,000 240,000 270,000Equipment (net) 120,000 90,000 90,000Liabilities 650,000 430,000 420,000Common stock 360,000 80,000 Additional paid-in capital 20,000 40,000 Assume that Bullen issued 12,000 shares of common stock with a $5 par value and a $47 fair value for all of the outstanding shares of Vicker. What will be the consolidated Additional Paid-In Capital and Retained Earnings (January 1, 2018 balances) as a result of this acquisition transaction?(A) $524,000 and $420,000.(B) $60,000 and $250,000.(C) $524,000 and $250,000.(D) $60,000 and $490,000.(E) $380,000 and $250,000.
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The common stock of Flavorful Teas has an expected return of 19.65 percent. The return on the market is 14.5 percent and the risk-free rate of return is 4.2 percent. What is the beta of this stock?

During the past year a company had total fixed costs of $700,000. Its product sold for $93 per unit. Variable costs during this time equaled $45 per unit. Next year the company is anticipating a 10% increase in total fixed costs and a $3 per unit decrease in variable costs, but would like to maintain its current selling price per unit. How many units must the company sell next year to earn $1,000,000. (Round answer to complete units.)

Answers

Answer:

The company must sell 34706 units

Explanation:

To calculate the units required to earn a target profit of $1000000 next year, we will use the break even analysis modified for target profit calculation.

The break even in units is calculated by dividing the Total fixed costs by the contribution margin per unit. To calculate the units required for target profit, we add the target profit amount to the fixed cost and divide it by the contribution margin per unit. Thus, the formula is,

Units required for target profit = (Total fixed cost + target profit) / Contribution margin per unit

Where contribution margin per unit = Selling price per unit - Variable cost per unit

New fixed costs = 700000 + 700000 * 0.1 = 770000

New variable cost = 45 - 3 = 42

New contribution margin per unit = 93 - 42 = $51

Units required for target profit = (770000 + 1000000) / 51

Units required for target profit = 34705.88 rounded off to 34706 units

The cost of direct materials transferred into the Rolling Department of Kraus Company is $3,000,000. The conversion cost for the period in the Rolling Department is $462,600. The total equivalent units for direct materials and conversion are 4,000 tons and 3,855 tons respectively. Determine the direct materials and conversion costs per equivalent unit.

Answers

Answer:

the direct material & conversion cost per equivalent unit is $750 per ton and $120 per ton

Explanation:

The calculation of the direct material & conversion cost per equivalent unit is given below:

Direct materials per equivalent unit is

= $3,000,000 ÷ 4,000 tons

= $750 per ton

And,

Conversion costs per equivalent unit is

= $462,600 ÷ 3,855 tons

= $120 per ton

Hence, the direct material & conversion cost per equivalent unit is $750 per ton and $120 per ton

The welding department supplies parts to the final assembly line. Management decides to implement a kanban system and has collected the following data. The daily demand is 2000 units The production lead time is 4 days (this includes processing time, transport time, and waiting time) Management has decio One container fits 400 units How many kanban containers will be needed to support this system? _____ containers

Answers

Answer:

25 kanban containers

Explanation:

Given that,

Daily demand = 2,000 units

Production lead time = 4 days

Container size = 400 units

Lead time demand:

= Daily demand × Production lead time

= 2,000 units × 4 days

= 8,000 units

Safety Stock:

= Number of days × Daily demand

= 1 day × 2,000 units per day

= 2,000 units

Number of Kanban containers needed:

= (Lead time demand + Safety Stock) ÷ Container size

= (8,000 + 2,000) ÷ 400

= 10,000 ÷ 400

= 25

Tim thinks his buyers are ready to make an offer. He asks, “Which one of the children gets the basement bedroom with the private entrance?” What kind of closing technique is Tim using?

Answers

I think he es using the assumptive close

In the EOQ model, the average inventory per cycle over many cycles is Q/2. A. True B. False

Answers

Answer:

A. True

Explanation:

An organization would usually measure the volume of its orders in order to meet up with demand while also making sure that the cost per order is maintained at the nearest minimum. The tool used to measure the volume of frequent orders is Economic order quantity(EOQ) .

When inventories are ordered, there will be continuous movement of inventory say from Q(order amount) to zero. This means that the average inventory is Q ÷ 2. Also, the inventory costs for each period is the same as average cost(Q/2) multiply by length of the period.

The following work-in-process inventory information is provided for a company: All direct materials are added at the beginning of the production process. Beginning inventory is 70% complete for conversion, and ending inventory is 40% complete for conversion. Units 8,000 Direct Materials Costs $11,000 $74,000 Conversion Costs $29,000 $161,000 Beginning work in process Cost added Ending work in process Units completed/transferred 12,000 33,000 What is the total production cost of the ending work in process using weighted average process costing?

Answers

Answer:

$24129.6

Explanation:

Calculation:

Equivalent units in ending work in process inventory for conversion = 33000+(12000*0.4) = 37800

Cost per equivalent unit (conversion) = 29000+161000/ (37800) = 5. 027

Total production cost of ending inventory = 24129.6

We calculate the equivalent units of production by adding the units transferred and completed, and the equivalent units in the ending inventory, so the equivalent units in ending work in process inventory for conversion becomes 37800.

Then we add the cost of beginning work-in-process for conversion and costs added during the production period for conversion and divide it by equivalent units in in ending work in process inventory for conversion.

After that, we get per unit cost which is then multiplied by the equivalent units in conversion to get total production costs.

Since, the all direct material costs are added in the beginning of the process,we don’t include in the other periods.

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When projecting future cash flows of an investment ________. A. the initial investment is a significant cash outflow that is treated separately from all other cash flows B. cash flows include depreciation C. cash inflows and outflows are treated separately, rather than being netted together D. cash flows are projected by accounting personnel without considering input from other departments

Bramble Corp. has two divisions; Sporting Goods and Sports Gear. The sales mix is 65% for Sporting Goods and 35% for Sports Gear. Bramble incurs $6750000 in fixed costs. The contribution margin ratio for Sporting Goods is 30%, while for Sports Gear it is 50%. The weighted-average contribution margin ratio is

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Yakov is skilled at making both bracelets and necklaces. Yakov has no preference between making bracelets or necklaces since he earns the same amount from the two activities. If the selling price of necklaces increases from $12 to $24, then Yakov's opportunity cost of making bracelets and making bracelets is now profitable than making necklaces. Suppose that the bracelets market consists of several suppliers like Yakov who are skilled at making both bracelets and necklaces. Which of the following is likely to happen to the supply curve of bracelets when the price of a necklaces increases?a. It shifts to the right b. It shifts to the left c. It does not change