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Don Sakaguchi, manager at Control Systems, Inc., sighs as he sips his coffee at 5 A.M. and reads his agenda for the day. Don's first duty is to preside over a retirement party for a beloved employee and say a few words on her behalf. Next, he will give a tour to a news reporter who is writing a story on the new plant expansion. Don then has a meeting with the unit manager, Phil Johnson, to discuss Phil's recent performance drop (a task Don always hates) . Finally, in the late afternoon, Don will be reviewing the recent equipment malfunction and deciding whether to deploy extra people to get the equipment running as soon as possible. What a day!
-What kind of a manager is Don likely to be?
Sales
The total amount of goods or services sold by a company within a specific period; it is a primary source of revenue for retail and manufacturing businesses.
Collected
Collected typically refers to the process of receiving money that is owed to a business or institution, including payments for goods, services, or debts.
Paid
The status of having been compensated or settled a financial obligation or invoice.
Adjusting Entry
An accounting entry made to update the accounts to reflect accurate and up-to-date information before financial statements are prepared.
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