What is control, what is its purpose, and why do organizations need it?
What will be an ideal response?
Control is making something happen the way it was planned to happen. Controlling is defined as monitoring performance, comparing it with goals, and taking corrective action as needed. The purpose of control is to make sure that performance meets objectives. There are six reasons why control is needed:
To adapt to change and uncertainty.
To discover irregularities and errors.
To reduce costs, increase productivity, or add value.
To detect opportunities and increase innovation.
To provide performance feedback.
To decentralize decision making and facilitate teamwork.
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Dividend yield is the percent of cash dividends paid to common shareholders relative to the:
A. Earnings per share. B. Investors' purchase price of the stock. C. Amount of cash. D. Amount of retained earnings. E. Common stock's market value.
On December 2, 2017, St
Augustine, Inc purchases land. In exchange for the land, St. Augustine, Inc issues 8,000 shares of common stock with $1.00 par value. The land has been appraised at a market value of $400,000. Prepare the journal entry for this transaction. What will be an ideal response
In general terms, describe what causal forecasting models are
What will be an ideal response?
A limited partner has no right to
a. receive an accounting. b. inspect the partnership books. c. give advice to the partnership. d. participate in management.