1B) Akwamba made this statement 'organisations cannot be successful if managers fail to pay attention to the forces in the external environment'. Do you agree or not? Justify using practical examples (9 marks)

The allowance method of estimating uncollectible accounts receivable based on an analysis of receivables shows that $640 of accounts receivable are uncollectible. The Allowance for Doubtful Accounts has a debit balance of $110.

Equilibrium is defined when supply is limited and demand decreases. supply and demand meet. demand is higher than supply. supply is higher than demand.

If the cost of materials is not a significant portion of the total product cost, the materials may be classified as part of factory overhead cost. A. TrueB. False

You live in a state with sales tax of 5%. You buy a car for 15,000. What is the sales tax?

Summarizes the changes in owner's equity for a specific period of time. reports the changes in assets, liabilities, and owner's equity over a period of time. reports the assets, liabilities, and owner's equity at a specific date.

How is profit figured out

The following financial information is taken from the balance sheets of the Peter Company and the Paul Company: Peter Paul Current assets $200,000 $50,000 Current liabilities 40,000 20,000 Calculate the current ratio for each company.

The manager of a national retailing outlet recently hired an economist to estimate the firm's production function.

There are a number goods that over time, for a variety of reasons, transition from being a normal good to an inferior good or from being an inferior good to a normal good. One such example of a good is the Toyota Camry.

Three members of the DiCarlo family, Vinny, Maria, and Franki, are choosing the entree for a large family reunion. Their options are: spaghetti, ravioli, lasagne, and pizza.