Next year, Lobel Consulting plans on using 7.280 hours of administrative time. If Lobel's activity-based overhead rate for administration is $18.15 per hour, how much does the firm plan on spending in total on overhead related to administration? $124,852 O $110,510 $132.132 $117.790

Answers

Answer 1

Lobel Consulting plans on spending $132,132 in total on overhead related to administration.

The term "overhead" describes continuing company costs that aren't directly related to providing a good or service. It is crucial for budgeting as well as for figuring out how much a business must charge for its goods or services in order to turn a profit.

Here's the step-by-step explanation:

Step 1. The firm plans on using 7,280 hours of administrative time.

Step 2. The overhead rate for administration is $18.15 per hour.

Step 3. Multiply the administrative hours by the overhead rate to find the total spending on overhead related to administration:

7,280 hours × $18.15 per hour = $132,132

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Related Questions

This is 10 points out of 50 points total. Help please!

"You are a business owner. Business is booming. You have so many customers wanting your products. However, there is a problem. You are
having issues getting the product from your supplier. What will you do to keep your customers happy and still continue to make a profit?"

This is 10 points out of 50 points total. Help please!"You are a business owner. Business is booming.

Answers

Answer:     As a business owner, the satisfaction of my customers is a top priority. In the face of product supply issues, I would take the following steps to keep my customers happy and still continue to make a profit:

Communicate with customers: I would be transparent with my customers about the supply issue and the steps that I am taking to address it. This can be done through email newsletters, social media updates, or in-store signage. By keeping customers informed, they will have a better understanding of the situation and may be more patient as I work to resolve the issue.

Offer alternatives: In cases where the product is completely unavailable, I would offer alternative products that may meet the customer's needs. These alternatives could be from different suppliers or could be a slightly different product from my own inventory. Offering alternatives can help to retain customers who are willing to be flexible with their product choices.

Prioritize high-value customers: If the supply issue is particularly severe, I may need to prioritize which customers receive the product first. I would prioritize high-value customers who are regulars or who have spent a lot of money at my business. This can help to retain loyal customers and reduce the risk of losing their business to a competitor.

Manage inventory carefully: I would closely monitor my inventory levels and adjust my ordering schedule as needed to ensure that I am not over-ordering and creating waste, but also not under-ordering and causing a shortage. This requires a careful balance between supply and demand and may involve analyzing sales data to identify patterns and trends.

Consider diversifying suppliers: If the supply issue persists, I would consider diversifying my suppliers to reduce my reliance on a single source. This can help to mitigate the risk of future supply chain disruptions and provide a more stable supply of products.

Overall, by being proactive and transparent with customers, offering alternatives, prioritizing high-value customers, managing inventory carefully, and considering supplier diversification, I can keep my customers happy and still continue to make a profit even in the face of product supply issues.

Hope this helps :D

Explanation:

Drag the tiles to the correct boxes to complete the pairs. Match the different types of communications with their descriptions. Tiles business letter business report note memorandum Pairs a formal way to communicate with people outside your organization arrowBoth an informal handwritten message arrowBoth a formal way to communicate with people inside your office arrowBoth a way to communicate financial information arrowBoth

Answers

Answer:

Matching the different types of communications with their descriptions:

Types of Communication  Descriptions

business letter                 : a formal way to communicate with people        

                                           outside your organization

business report               : a way to communicate financial information

note                                  : an informal handwritten message

memorandum                  : a formal way to communicate with people

                                           inside your office

Explanation:

a) Data:

Types of Communication:

business letter

business report

note

memorandum

Pairs

a formal way to communicate with people outside your organization

an informal handwritten message

a formal way to communicate with people inside your office

a way to communicate financial information

b) In Business, choosing the means of clear communication is very essential.  The format used to communicate internally is not the same format for communicating externally.  Even, within an organization, there are still different communication formats.  A handwritten note can be used instead of memorandum for some communications depending on the formality required.  Presenting a business report is more formalized than a handwritten note, for instance.

Answer:

Business Letter: a formal way to communicate with people outside your organization

Note: an informal handwritten message

Memorandum: an informal way to communicate with people outside your office

Business report: a way to communicate financial information

can someone help . i know I'm dumb:) x-5=7​

Answers

Answer:

Hey Army

Nice to meet you:)

your answer is 12

as x-5=7

so x=7+5

x is 12

Stream life goes on and Dynamite. :)

Answer:

x=12

Explanation:

x-5=7

x-5+5=7+5

x=12

A high accounts receivable turnover ratio indicates.

Answers

A high accounts receivable turnover ratio indicates that a firm is efficient in converting receivables to cash.

What is the receivables turnover ratio?

Receivables turnover ratio is an example of an activity ratio which measures how efficiently a firm carries out its daily activities. Receivables turnover ratio is the ratio of revenue to average reciveables.

Receivables turnover ratio = Revenue / average receivables

The faster it is for a firm to collect its receivables, the more efficient the firm is.

What features should you present when demonstrating 2022 murano’s confident cornering?

Answers

Based on the automobile analysis, the features one should present when demonstrating 2022 Murano's confident cornering include "4-wheel independent suspension."

What is Cornering in a vehicle?

Cornering is a term that describes the extent of the force wielded on the vehicle's center of gravity.

Other features one should present when demonstrating 2022 Murano's confident cornering

Intelligent All-Wheel DriveElectrically driven hydraulic power steering

2022 Murano is a modern vehicle produced by Nissan Manufacturer. It comes with the latest design, swift navigation component, and easy-to-handle features.

Hence, in this case, it is concluded that the 2022 Murano is one of the latest vehicles to possess.

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A market basket: ___________
a. includes all the goods and services produced in an economy.
b. includes all the goods and services consumed in an economy, including net exports.
c. includes all the goods and services consumed in an economy, including imports.
d. is a tool devised to track how changing prices affect consumers.

Answers

Answer:

D

Explanation:

krysta wants to take piano lessons. she asked a teacher how many new pieces she could expect to learn each month. the teacher gave an estimate of 3. write an equation that shows how the total number of pieces krysta would learn, y, depends on the number of months of piano lessons, x.

Answers

The required equation is y = 3x which represents the total number of pieces Krysta would learn, where x months of piano lessons.

What is the Linear equation?

A linear equation is defined as an equation in which the highest power of the variable is always one.

Krysta wants to learn to play the piano. She inquired with an instructor about the number of new pieces she could anticipate studying each month. The teacher estimated three.

Let y represent the total number of pieces Krysta would learn,

And x represent depends on the number of months of piano lessons,

According to the given situation, we can write the equation would be as:

⇒ y = 3x

Therefore, the required equation is y = 3x which represents the total number of pieces Krysta would learn.

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what is the most important function of food packaging?

Answers

Answer:

protection

Explanation:

to keep food safe and protected from any damage or outside influences.

Answer:

Product protection is the most important function of packaging. Protection means the establishment of a barrier between the contained product and the environment that competes with man for the product.

What is the issue price (the amount of cash the sellers will receive) of a $ 62,991 face value bond with a stated price of 90, 15%, 12-year, semiannual interest payments, rounding to one dollar?

Answers

The issue price of the bond is approximately $45,915 .It is calculated based on present value of future cash flows.

How to calculate bond's issue price?

To calculate the bond's issue price with a face value of $62,991, a stated price of 90, a coupon rate of 15%, and a 12-year maturity with semiannual interest payments, we can use the present value of the bond's future cash flows.

Calculate the periodic interest payment:

Periodic interest payment = Face value * Coupon rate / 2

Periodic interest payment = $62,991 * 15% / 2 = $4,698.83

Calculate the number of periods:

Number of periods = Maturity in years * Number of periods per year

Number of periods = 12 years * 2 = 24 periods

Calculate the present value of the bond:

Present value = Periodic interest payment * (1 - (1 + Interest rate)^(-Number of periods)) / Interest rate + Face value / (1 + Interest rate)^Number of periods

Present value = $4,698.83 * (1 - (1 + 0.15/2)^(-24)) / (0.15/2) + $62,991 / (1 + 0.15/2)^24

Present value = $41,216.29 + $4,698.83 = $45,915.12

Therefore, the issue price of the bond (the amount of cash the sellers will receive) is approximately $45,915.

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What causes the gross domestic product to go up?

A.) a rising unemployment rate
B.) more investment in businesses
C.) a reduction in exports
D.) less government spending

Answers

Answer: B

Explanation: No

More investment in businesses causes the gross domestic product to go up. Thus, option 'B' is the correct option.

What is the gross domestic product?

Gross domestic product (GDP) is a monetary indicator of the total market value of all the final commodities and services that nations generate and sell over a certain time period. This measurement is frequently changed before it can be trusted as an indicator because of how complicated and subjective it is.

To compare living standards between countries, using a basis of GDP per capita at purchasing power parity (PPP) may be more useful, whereas nominal GDP is more useful for comparing national economies on the global market. GDP (nominal) per capita does not, however, reflect differences in the cost of living and the inflation rates of the countries. The contribution of each industry or sector to the overall GDP may also be quantified.

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According to the quantity theory of money, if the money supply is $40 billion, real output is $100 billion, and the price level is 1.2, what is the velocity of money

Answers

According to the quantity theory of money, the velocity of money is 3.

What is the quantity theory of money?

The quantity theory of money is an economy theory that arose in the 16th century among monetary economists. The  quantity theory of money postulates that the price of goods and services in an economy is directly proportional to the money supply and velocity.

Quantity theory of money = price x real output = money supply x velocity

Velocity = ( price x real output / money supply)

Velocity = (100 x 1.2) / 40 = 3

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NC Office Supply purchased a heating system on September 1, 2019, for$18,500. The estimated salvage (disposal) value is $500 and the estimated useful life is 10 years. What is the accumulated depreciation at the end of 2021

Answers

Answer:

Accumulated deprecation [End of 2021] = $4,200

Explanation:

Given:

Purchase cost on [1 sep 2019] = $18,500

Salvage value = $500

Number of year = 10 year

Find:

Accumulated deprecation [End of 2021]

Computation:

Amount of depreciation per year = [Purchase cost - Salvage value] / Number of year

Amount of depreciation per year = [18,500 - 500]10

Amount of depreciation per year = $1,800

Accumulated deprecation [End of 2021] = Depreciation in 2019 + Depreciation in 2020 + Depreciation in 2021

Accumulated deprecation [End of 2021] = [1,800(4/12)] + 1,800 + 1,800

Accumulated deprecation [End of 2021] = 600 + 1,800 + 1,800

Accumulated deprecation [End of 2021] = $4,200

true or false? whereas a vendor-neutral certification covers concepts and topics that are general in nature, a vendor-specific certification focuses on a specific product or product line.

Answers

The answer is false. A "vendor-neutral" certification is one that is not directly associated with a specific IT vendor. These certifications tend to develop a universally applicable base of knowledge and skills.

Vendor-specific certifications relate to and validate the competence of specific vendor technologies and tools. Vendor-neutral certifications, on the other hand, validate competencies in basic security and network fundamentals. Vendor certification indicates that the vendor has certain skills. Track vendor certifications to ensure your business operations comply with regulatory requirements. Vendor certifications are updated regularly and reliably updated as needed. Importantly, a vendor-agnostic system allows decisions to be made based solely on business needs.

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Why are entrepreneurs essential to the success of a free enterprise economy?.

Answers

Answer:

Entrepreneurs are important because they are willing to take risks to start new businesses, so they become the catalyst of the free enterprise economy. Most entrepreneurs fail, but some survive and a few even become wealthy.

Explanation:

Cain Company reports net cash provided by operating activities of $35,000. It also reports the following information under “Adjustments to reconcile net income to net cash provided by operating activities” on its statement of cash flows (using the indirect method).

Cain Company reports net cash provided by operating activities of $35,000. It also reports the following

Answers

It can be seen from the solutions given that Cain's net income is $24,000.

Here is the solution:

Net income = Net cash provided by operating activities - Adjustments

= $35,000 - $6,000 - $10,000 + $4,000 + $7,000 + $4,000

= $24,000

Therefore, Cain's net income is $24,000.

Here is a breakdown of the adjustments:

To determine cash flow from operations, it is necessary to include the gain on equipment sales in the net income as it is a non-cash entry.

A rise in accounts receivable implies that customers are prolonging payment of their invoices, resulting in decreased cash flow from the company's activities.

The depreciation expense is classified as a non-cash expense, hence it must be included in the calculation of cash from operations by adding it back to the net income.

A decrease in inventory indicates that the company is experiencing faster turnover of its inventory, leading to increased cash flow generated by its operations.

A rise in prepaid expenses denotes that the company is channeling more funds towards prepaid expenditures like insurance and rent, implying a reduced cash inflow from its operational activities.

A decline in the amount of wages that the company owes indicates that it is not promptly compensating its workforce. Consequently, this implies that the company's operational cash flow is reduced.

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What does a good credit history do for consumers?
A. It helps them reduce their housing costs.
B. It allows them to get debit cards,
C. It makes it easier for them to get loans.
D. It keeps prices low.
SUBMIT

Answers

Answer:

C. It makes it easier for them to get loans.

Explanation:

Credit history shows how reliable a borrower is in repaying loans. A good credit history indicates that a person pays their debts on time.  A customer with a good credit history manages their income and debts properly and is considered a low-risk borrower.

Lenders are always willing to offer credit facilities to customers with a good credit history. They view them as less likely to default on their debts.

Global Pictures is about to release their second feature film. Their first film was a blockbuster, and their pre-release campaigns played a pivotal role. This time, Global Pictures wants to attract an even larger audience and at the same time to minimize the campaign cost. A team of publicity experts is planning to meet so that they can come up with an effective strategy. In this scenario, using the standard agenda approach, which task should they primarily focus on?

Answers

Answer: Formulate criteria; so that the group members know the group goal and when it has developed a good solution

Explanation:

Standard agenda came about through John Dewey and he refered to it as the process whereby through reflective thinking, individuals find solutions to issues.

Based on the information given in the question, using the standard agenda approach, the task that they should primarily focus on is to formulate criteria to enable group members know the group goal and when it has developed a good solution.

The WTO has a __________________ that rules on trade disputes, giving the WTO an enforcement mechanism, something the GATT did not have.

Answers

The WTO has a Dispute Settlement Body (DSB) that rules on trade disputes, giving the WTO an enforcement mechanism, something the GATT (General Agreement on Tariffs and Trade) did not have.

The Dispute Settlement Body (DSB) is a key component of the World Trade Organization (WTO) and serves as the forum for resolving trade disputes among member countries.

It is an enforcement mechanism that was introduced by the WTO, and it has a formalized process for settling disputes based on established rules and procedures. The DSB plays a crucial role in maintaining the rules-based international trading system by providing a forum for member countries to resolve trade disputes in a fair and transparent manner.

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What does the president have the power to do as the commander in chief?
O declare war on another country
veto, or reject, a bill passed by Congress
decide how to interact with other countries
use troops to enforce US laws

Answers

According to Article 2, Section-2(1) : The president shall be commander in chief of the army and Navy of the United States, and of the Militia of the several states.

When called into the actual Service of the United States, he may require the opinion, in Writing, of the principal officers in each of the executive Departments, upon any Subject relating to the duties of their respective offices, and he shall have power to grant Reprieves and Pardons for offences against the United States, except in cases of Impeachment.

Under the constitution, the president, in addition to being Chief Executives, is Commander in Chief of the Army and Navy. He holds the prime responsibilities for the conduct of United states foreign relations. These duties carry very broad powers, including the power to deploy American Forces abroad and commit them to military operations when the president deems such action necessary to maintain the security and defense of the United States.

Under our constitution it is the President who must decide when an armed attack has occurred. He has also the constitutional responsibilities for determining what measures of defense are required when the peace and safety of the United states are endangered.

In 1787 the world was a far larger place, and the framers probably had in mind attacks upon the United states. In the 20th century , the world has been grown much smaller then they think about territorial integrity and human right of the people.

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There is evidence that companies acquire a dividend clientele that reflects their dividend policy. Thus, if you pay high dividends, you accumulate investors who like high dividends and if you pay no dividends, you get investors with that preference. If you do pay low dividends, which of the following groups of investors are you more likely to see holding your stock? (You can pick more than one)

a. Wealthy & younger individuals

b. Older & poorer individuals

c. Income-oriented mutual funds

d. Pension funds

e. none of the above

Answers

If a company pays low dividends, it is more likely to see the following groups of investors holding its stock:

b. Older & poorer individuals: These individuals may rely more on capital gains rather than dividend income, as they may be in the wealth decumulation phase of their lives and have lower income levels.

c. Income-oriented mutual funds: Income-oriented mutual funds typically invest in stocks that provide regular dividend payments. If a company pays low dividends, it may attract income-oriented mutual funds that focus on capital appreciation rather than dividend income.

d. Pension funds: Pension funds often have long-term investment horizons and may prioritize capital appreciation. They may be more inclined to invest in companies with low dividend payments as they focus on overall returns and future growth prospects.

Therefore, both older and poorer individuals and certain institutional investors like income-oriented mutual funds and pension funds are more likely to hold the stock of a company that pays low dividends.

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You have been hired as the new controller for the Radiance Company. Shortly after joining the company in 2024, you discover the following errors related to the 2022 and 2023 financial statements: a. Inventory at December 31,2022 , was understated by $6,000b. Inventory at December 31,2023 , was overstated by$9,000c. On December 31,2023 , inventory was purchased for $3,000. The company did not record the purchase until the inventory was paid for early in 2024. At that time, the purchase was recorded by a debit to purchases and a credit to cash.

Answers

These errors need to be corrected to ensure the accuracy of the financial statements. An adjustment of $6,000 needs to be made to increase the inventory balance at the end of 2022, an adjustment of $9,000 needs to be made to decrease the inventory balance at the end of 2023, and a journal entry needs to be made to record the inventory purchase of $3,000 in 2023.

Here's a step-by-step explanation to address the errors you've mentioned:

1. Inventory at December 31, 2022, was understated by $6,000:
To correct this error, you need to increase the inventory balance at December 31, 2022, by $6,000. This will also require an adjustment to the retained earnings balance for 2022.

2. Inventory at December 31, 2023, was overstated by $9,000:
To correct this error, you need to decrease the inventory balance at December 31, 2023, by $9,000. This will also require an adjustment to the retained earnings balance for 2023.

3. Inventory purchased for $3,000 on December 31, 2023, was not recorded until paid for in 2024:
To correct this error, you need to record the inventory purchase in the 2023 financial statements. You should debit inventory and credit accounts payable for $3,000 on December 31, 2023. Then, when the payment is made in 2024, you should debit accounts payable and credit cash for $3,000.

By following these steps, you can correct the errors related to the 2022 and 2023 financial statements for the Radiance Company.

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Select the best answer for the question.
2. Which functional area in a retail store usually manages the on-site revenue generation, administration, and reports on the center's expenses?
O A. Finance
O B. Information Technology (IT)
C. Human Resources
O D. Visual Merchandising

Answers

Answer:

Human resources

Explanation:

Which of the following accurately matches the stages of the hierarchy of effects model to the intended outcomes of marketing communications?
a. Liking and purchase = do
b. Awareness and knowledge = think
c. Conviction and purchase = feel
d. Knowledge and satisfaction = believe
e. All of the answers are correct.

Answers

Awareness and knowledge = think matches the stages of the hierarchy of effects model to the intended outcomes of marketing communications.

The messages and media that marketers use to communicate with their target markets are referred to as marketing communications, or marcom. Traditional advertising, direct marketing, social marketing, presentations, and sponsorships are a few examples of marketing communications.

Building connections with new and current clients through social media networks is the responsibility of marketing communications specialists. They oversee occasions like trade exhibits or conferences when they can speak with people directly. They must keep up these connections to guarantee the long-term success of a business.

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What does good customer service include?

Answers

Answer:

Before entering an interview for a customer service job, get a handle on what good customer service means to you. Good customer service typically means providing timely, attentive, upbeat service to a customer, and making sure their needs are met in a manner that reflects positively on the company or business. Explanation: it is

Answer:

Great customer service means following best practices like valuing customers' time, having a pleasant attitude, and providing knowledgeable and resourceful resources, but that you also take things a step further to exceed — rather than just meet — expectations.

Explanation:my mom works for customerservice

ABC Company is facing a problem of declining market share due to increased competition from other new and existing players in the market. Its competitors are introducing lower priced models for mass consumers who are price sensitive. For quality conscious consumers, the company is introducing new models with added features and new technological advancements.
Questions 1. Prepare a model business plan for ABC Company to meet the existing challenge. You need not be very specific about quantitative parameters. You may specify which type of plan you are preparing.
2. Identify the limitations of such plans. 3. How will you seek to remove these limitations?​

Answers

In this circumstance, a strategy-type plan must be created, and the following procedures must be taken to create a model business plan:

(a) Establishing an objective: The company may set a long-term goal of attracting more and more quality-conscious customers or of being the market's leader in terms of both quality and trends by the end of the first year.

(b) Choosing a specific course of action: To make their products better than those of competitors, the corporation must either spend more money, import the newest technology, or both.

(c) Allocating resources to accomplish the goals. The business must obtain authorization before importing technology, increase funding for its research and development department, and hire staff with the most recent training.

2. The typical drawbacks are:

(a) It might be extremely expensive;

(b) It takes a long time;

(c) Success is not guaranteed, and

(d) It might not work in a dynamic environment.

3. To solve these issues:

(a) Prepare a budget to implement this plan and operate within the revenue allotted in the budget.

(b) Establish a deadline for completing the plan, and then carry out the plan solely within that deadline.

(c) Thoroughly assess the environment before putting the strategy into action.

(d) Use the strategy carefully and with prudence.

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To increase profits while selling jerseys, a store owner can…
A. Raise the prices
B. Reduce the prices
C. Offer layaway
D. Keep prices the same

Answers

If the existing prices are too expensive to prevent buyers from purchasing the jerseys, a store owner might lower the pricing to boost profits while selling jerseys.

How can it be explained in detail?

By lowering pricing, a business may draw in more clients, increasing sales and, perhaps, profits. However, price cuts should be carefully examined since they may affect the store's profit margin and how customers see the product's quality. Other tactics the store owner can take into consideration to boost profits while selling jerseys include bargaining with suppliers for better prices, purchasing in bulk, providing value-added services like customization or express delivery, and enhancing the store's marketing and sales strategy to draw in and keep customers.

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Steadigen Company sells two generators long dash Model A and Model Blong dashfor $ 432 per unit and $ 410 per unit, respectively. The variable cost of Model A is $ 404 per unit and of Model B is $ 304 per unit. If Steadigen Company's sales incentives reward sales of the goods with the highest contribution margin per unit, the sales force will be motivated to push sales of Model A more aggressively than Model B.What is the breakeven in units for Model A and Model B.

Answers

Answer:

False

Explanation:

Contribution margin per unit = Sales -  variable cost

Contribution margin per unit (Model A) = $432 - $404

Contribution margin per unit (Model A) = $28 per unit

Contribution margin per unit (Model B) = $410 - $304

Contribution margin per unit (Model B) = $106 per unit

False, Contribution margin per unit (Model B) is higher so,  motivated to push sales of Model A will be false.

Break-even in units = Fixed cost / Contribution margin per unit

Break-even in units (Model A) =  Fixed cost / $28

Break-even in units (Model B) =  Fixed cost / $106

The following table shows the salary of 7 people in an office last year.

Name Income Andy £9500 Bevan £25000 Cheryl £13250 Deva £72000 Elliott £12750 Frankie £29500 Grace £11000 a) Work out the mean income to 2 DP.
b) Deva was given a large bonus for 30 years service.
Excluding Deva's income, what was the mean income for the remaining 6 workers to 2 DP?​

Answers

Answer:

£16,833.33

Explanation:

The computation of mean income is shown below:-

Mean income = Total sum of salaries ÷ Number of workers

= £9,500 + £25,000 + £13,250 + £72,000 + £12,750 + £29,500 + £11,000

= £173,000 ÷ 7

= £24,714.29

Now, the Mean income excluding Deva's salary:

Mean income = Mean income

= Total sum of salaries excluding Deva salary ÷ Number of workers

= (£9,500 + £25,000 + £13,250 + £12,750 + £29,500 + £11,000) ÷ 6

= £101,000 ÷ 6

= £16,833.33

We simply applied the above formulas

The government taxes nominal interest income and high inflation has led to a reduction in investment in physical capital.
a. shoe-leather cost
b. menu costs
c. relative price variability
d. tax distortions
please explain thank you

Answers

The taxation of nominal interest income and high inflation can have a number of negative effects on investment and economic efficiency due to tax distortions and other related issues.

It suggests that high inflation has had negative effects on investment in physical capital due to government taxation on nominal interest income. This scenario highlights the presence of tax distortions, which occur when government policies or taxation lead to inefficiencies in the economy.
Tax distortions can cause a number of issues, including disincentivizing investment and distorting relative prices. In this case, the taxation of nominal interest income may have discouraged individuals and businesses from investing in physical capital, as the real returns may have been lower due to inflation. This is an example of the shoe-leather cost, which refers to the increased costs associated with managing money and transactions due to inflation.
Additionally, high inflation can lead to menu costs, which refer to the costs associated with changing prices frequently to keep up with inflation. These costs can also create inefficiencies in the economy and may further discourage investment in physical capital due to the increased expenses.
Finally, relative price variability can also be a result of tax distortions and inflation. As prices change frequently due to inflation, it can be difficult to accurately determine the relative prices of goods and services. This can further discourage investment in certain areas, leading to distortions in the economy.

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Mike focuses on assembling and coordinating the people, equipment, and supplies that his company needs to achieve its goals. what management function does mike emphasize in his work?

Answers

The management function which Mike emphasize in his work is organizing.

Organizing is important in management as it facilitates the smooth functioning of the company. As organizing helps in the classification of jobs systematically amongst the workforce, which helps in the reduction of workload, as well as it improves productivity.

In a company, Mike focuses on assembling and coordinating the people, equipment, and supplies that his company needs to achieve its goals. Thus, organizing is the management function which mike emphasize in his work.

Hence, with organizing the manager brings order out of disorder, and removes confusion with respect to work and responsibility.

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