Answers
The correct answer is c. Formalization refers to rules, procedures, and written documentation, such as policy manuals and job descriptions, that prescribe the rights and duties of employees.
Organizational structure is the management of individual and group activities within an organisation. To achieve company goals and objectives, individual effort must be managed and coordinated. The organisation ultimately becomes too large and complex to operate under formal, rigid procedures, leading to a "red-tape crisis" and a schism between headquarters and field managers. According to Greiner, firms typically encounter a leadership crisis since there are now no clear standards or standard operating procedures in place to carry out the work. At this time, there are often no tried-and-true techniques for getting things done.
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Related Questions
Machinery purchased for $69,600 by Tamarisk Co. in 2016 was originally estimated to have a life of 8 years with a salvage value of $4,640 at the end of that time. Depreciation has been entered for 5 years on this basis. In 2021, it is determined that the total estimated life should be 10 years with a salvage value of $5,220 at the end of that time. Assume straight-line depreciation.
Prepare the entry to correct the prior years' depreciation, if necessary.
Prepare the entry to record depreciation for 2021.
Answers
Answer and Explanation:
The journal entries are shown below:
a. No journal entry is required
b. Depreciation expense $4,756
To Accumulated depreciation-Machinery $4,756
(Being depreciation expense is recorded)
Here the depreciation expense is debited as it increased the expense and credited the accumulated depreciation as it decreased the assets
Working
Accumulated depreciation is
= ($69,600 - $4,640 ÷ 8 × 5)
= $40,600
Now Revised depreciation is
= ($69,600 - $40,600 - $5,220) ÷ 5
= $4,756
How did the McDonald brothers lose the Mcdonalds business?
Answers
Answer:
Ray Kroc's initial franchising deal with the McDonald's brothers looked like this: a franchise fee of $950 with a 1.9 percent service fee assessed on food sales, 0.5 percent paid to the McDonald brothers as a royalty, and the remaining 1.4 percent going to Kroc. so only he lose . and pls add my in brainliest answer
Answer:
Ray Kroc's initial franchising deal with the McDonald's brothers looked like this: a franchise fee of $950 with a 1.9 percent service fee assessed on food sales, 0.5 percent paid to the McDonald brothers as a royalty, and the remaining 1.4 percent going to Kroc.
What is market environment
Answers
Answer:
The market environment is the combination of external and internal factors that affect a company's ability to establish a relationship with and serve its consumers.
Explanation:
The internal factors relate to the company itself, such as owners, workers, materials, components, etc.
The external factors are divided into macro and micro components. The macro component is the broad environment which includes societal forces that affect society as a whole. The micro component is task-related, which includes factors that influence the production, manufacturing and distribution of a product or service.
In what ways would managing temporary workers be easier than managing traditional permanent employees? In what ways would it be more difficult? What differences would likely exist in your own behavior if you were in a contingent or temporary job versus a traditional permanent job?
Answers
Managing temporary workers can be easier in some ways as they do not require a long-term commitment from the employer, and they are often hired for specific projects or periods of time. This can make it easier to adjust the workforce according to the company's changing needs. Additionally, the company may not be responsible for providing benefits such as health insurance or paid time off, which can save on costs.
However, managing temporary workers can also be more difficult in some ways. For example, temporary workers may require more training and supervision since they are not as familiar with the company's policies and procedures. Additionally, they may not be as invested in the company's success since they are not permanent employees, which could result in lower productivity and motivation.
If I were in a contingent or temporary job versus a traditional permanent job, I would likely behave differently. In a temporary job, I may feel less invested in the company and more focused on completing my assigned tasks, since there is no long-term commitment. In a permanent job, however, I would likely feel more invested in the company's success and would be more willing to take on additional responsibilities or go the extra mile to help the company achieve its goals.
Assignment for Intermediate Financial Accounting One Identify the purpose of financial reporting. Describe the qualitative characteristics of accounting information. Identify the elements of financial statements. The following information is available for Inverness Ltd.'s second year in business: Opening merchandise inventory is Br 35,000. Goods are marked to sell at 35% above cost. 1. 2. 3. 4. ● ● • Merchandise purchased totaled Br 600,000. . Collections from customers are Br 420,000. Ending merchandise inventory is Br 225,000. Opening accounts receivable balance is $0. Ending accounts receivable balance is $85,000.
Answers
Financial reporting is the process of producing and presenting financial information that is useful to stakeholders in making economic decisions.
What is Financial reporting?The purpose of financial reporting is to provide transparency and accountability to stakeholders, enabling them to assess the financial performance and position of an entity and make informed decisions.
The qualitative characteristics of accounting information are the attributes that make it useful for decision-making. The most important characteristics are understandability, relevance, reliability, comparability, and consistency.
The elements of financial statements are the basic components used to prepare financial reports. The main elements are assets, liabilities, equity, revenues, and expenses.
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Process Costing Tempe Manufacturing Company makes a single product that is produced on a continuous basis in one department. All materials are added at the beginning of production. The total cost per equivalent unit in process in March 2009 was $4.60, consisting of $3.00 for materials and $1.60 for conversion. During the month, 9,300 units of product were transferred to finished goods inventory; on March 31, 2,500 units were in process, 10 percent converted. The company uses weighted average costing.
(a) Determine the cost of goods transferred to finished goods inventory.
(b) Determine the cost of the ending work-in-process inventory.
(c) What was the total cost of the beginning work-in-process inventory plus the current manufacturing costs?
Answers
Answer:
a. $42,780
b. $7,900
c. $50,680
Explanation:
Cost of goods transferred to finished goods inventory.
Total Cost = Total unit Cost x Units Transferred
= $4.60 x 9,300 units
= $42,780
Cost of the ending work-in-process inventory
Total Cost = Material Cost + Conversion Cost
= ($3.00 x 2,500) + ($1.60 x 2,500 x 0.10)
= $7,500 + $400
= $7,900
Total cost of the beginning work-in-process inventory plus the current manufacturing costs
This amount equals the sum of Cost of goods transferred to finished goods inventory and Cost of the ending work-in-process inventory.
Thus,
Total Cost = $42,780 + $7,900
= $50,680
Advantages to free-trade agreements (FTAs) are that they increase trade barriers (both tariff and non-tariff barriers), open up market to exporters, and increase jobs domestically. True orFalse
Answers
Answer:
False
Explanation:
Free trade agreements are economic cooperation deals between two or more countries. In the agreement, the countries agree to put in measures that will promote trade between them. Free trade agreements are mostly about tariffs and duties that countries impose on each other imports and exports.
The purpose of the free trade agreement is for participating countries to review the tariffs to increase trade among participating countries. In most cases, a free trade agreement resorts to reduced tariffs and duties.
"The currency speculator who sells futures contracts assumes the risk that someone else doesn't want to assume." Do you agree or disagree? Explain your answer.
Answers
I agree with the statement "The currency speculator who sells futures contracts assumes the risk that someone else doesn't want to assume."
In the currency futures market, there are always two parties involved in a transaction - a buyer and a seller. The buyer of a futures contract is typically a hedger who is looking to protect against currency price fluctuations, while the seller is typically a speculator who is looking to profit from those price fluctuations.
When a currency speculator sells a futures contract, they are essentially taking on the risk that the hedger is looking to offload. The hedger is willing to pay a premium for the futures contract to transfer the risk to someone else.
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What is the rate if the base is 366 and the portion is 50
Answers
If base is 366 and quotient is 50 then the rate is 13.66%.
The given rate is calculated as follows: Rate = (Portion/Base) × 100Let's plug in the values to find the rate: Rate = (50/366) × 100= 13.66...% (rounded to two decimal places)Therefore, the rate if the base is 366 and the portion is 50 is 13.66%. In other words, the portion of 50 is 13.66% of the base of 366.To understand what rate is, let's look at an example: Imagine you have a bowl of fruit that contains 5 apples and 15 oranges. The rate of apples to the total fruit is (5/20) or 0.25, which is equivalent to 25% (since we multiply the decimal by 100 to get the percentage).The rate tells us how much of one thing there is in relation to the whole. In the example above, the rate of apples tells us that 25% of the fruit in the bowl is apples. Likewise, in the given problem, the rate of 13.66% tells us that 13.66% of the base of 366 is equal to the portion of 50.
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What was the opening price of Dow Jones Industrial Average on Apr 06, 2017
Answers
Answer:
Date Open Close*
Apr 06, 2017 20,653.77 20,662.95
should you include personal date on a resume ? explain your answer?
Answers
Explanation:
It’s illegal for employers to ask for that data.
The estimate of the population proportion is to be within plus or minus 0.10, with a 99 percent level of confidence. The best estimate of the population proportion is 0.45. How large a sample is required?
Answers
Answer:
Answer:
Explanation:
Sandra’s Purse Boutique has the following transactions related to its top-selling Gucci purse for the month of October. Sandra's Purse Boutique uses a periodic inventory system.
Date Transactions Units Unit Cost Total Cost
October 1 Beginning inventory 6 $ 790 $ 4,740
October 4 Sale 4
October 10 Purchase 5 800 4,000
October 13 Sale 3
October 20 Purchase 4 810 3,240
October 28 Sale 7
October 30 Purchase 8 820 6,560
$ 18,540
3. Using LIFO, calculate ending inventory and cost of goods sold at October 31
Answers
The cost of goods sold (COGS) was $17,260, and the ending inventory was $3,160 using the LIFO method.
The LIFO method (last-in, first-out) of inventory valuation requires that the most recent purchases of inventory be used first in the cost of products sold and ending inventory calculations. The ending inventory and cost of products sold at the end of October will be calculated using the LIFO method, based on the data given in the table.Based on the data given, the total units sold is 14, and the total units purchased is 17. Here's how to calculate the ending inventory and cost of products sold using the LIFO method:Step 1: The last purchase of 8 units at a cost of $820 each on October 30 is deducted from the inventory count, leaving 9 units.Step 2: The previous purchase of 4 units at a cost of $810 each on October 20 is deducted from the inventory count, leaving 5 units.Step 3: The next purchase of 5 units at a cost of $800 each on October 10 is deducted from the inventory count, leaving 0 units.Step 4: Based on the LIFO method, the cost of the ending inventory is the sum of the cost of the oldest units remaining in stock, which is 4 units at a cost of $790 each on October 1, totaling $3,160.Step 5: Based on the LIFO method, the cost of goods sold (COGS) is calculated by adding the total cost of units sold, which is 14 units at a cost of $820 each on October 30, 4 units at a cost of $810 each on October 20, and 5 units at a cost of $800 each on October 10, totaling $17,260.Therefore, the cost of goods sold (COGS) was $17,260, and the ending inventory was $3,160 using the LIFO method.For more questions on cost of goods sold (COGS)
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Task 2: Writing a Cover Letter Prepare a cover letter to highlight your skills required for the job identified in the previous task. Apply the tips for writing cover letters that you learned in this course.
Answers
In a Job context, a cover Letter is important because its provides the hiring manager with further detail on how your skill set aligns with the role, what you can bring to the team and why you want the position.
How to write good cover letter:A good cover letter for a job should be well-written and tailored to the specific job and company you are applying to. It should also be concise and to the point.
Here are some tips for writing a strong cover letter:
Address the letter to a specific person, if possible. This shows that you have done your research on the company.Start with a strong opening sentence that hooks the reader's attention and makes them want to read more.Explain why you are a good fit for the job, and how your skills and experiences make you a valuable asset to the company.Tailor your cover letter to the specific job you are applying for, by highlighting relevant experiences or skills.Use specific examples to illustrate your qualifications, and avoid generic language or cliches.End the letter with a call to action, such as asking for an interview or requesting that your resume be considered for the position.Proofread your cover letter multiple times before submitting, to ensure that it is error-free.Be sure to use a professional tone and format, and avoid using emoticons or text language.If you are applying online, make sure to save and submit the document in the correct format as per employer's instruction.Read more about cover letter
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The standards for product V28 call for 8.3 pounds of a raw material that costs $19.00 per pound. Last month, 2,200 pounds of the raw material were purchased for $41,360. The actual output of the month was 240 units of product V28. A total of 2,100 pounds of the raw material were used to produce this output.
The direct materials purchases variance is computed when the materials are purchased.
Required:
a. What is the materials price variance for the month?
b. What is the materials quantity variance for the month?
Answers
Answer:
Results are below.
Explanation:
To calculate the direct material price variance, we need to use the following formula:
Direct material price variance= (standard price - actual price)*actual quantity
Direct material price variance= (19 - 18.8)*2,200
Direct material price variance= $440 favorable
Actual price= 41,360 / 2,200= $18.8
Now, we can determine the direct material quantity variance:
Direct material quantity variance= (standard quantity - actual quantity)*standard price
Direct material quantity variance= (8.3*240 - 2,100)*19
Direct material quantity variance= $2,052 unfavorable
Which of the following supports a business strategy that incorporates the key
operational capability of flexibility?
O Utilizing specialized, automated equipment for consistent product buildup
O Using electronic tools to improve customer communications
Having high quality standards for suppliers
O Reducing labor and shelving costs
O Maintaining excess production capability
Answers
Business strategy that incorporates the key operational capability of flexibility is utilizing specialized, automated equipment for consistent product buildup.
Thus, the correct option is A.
What is Business strategy?
A business strategy explains the precise methods through which a company intends to position itself, accomplish its short- and long-term objectives, and expand over time.
A plan outlining how a corporation will accomplish its objectives is known as a business strategy. Although there are many distinct business strategies, cost leadership, differentiation, and focus are a few typical examples.
Cost, quality, distribution, technology, and intellectual property are the only five corporate tactics (IP). These five concepts, or a mixture of them, form the basis of all corporate strategy. Focusing your business on just one thing is generally the simplest to implement.
A strategy is essentially just a hypothesis. For a strategy to be effective, the issue that needs to be resolved must be accurately diagnosed, a guiding policy must be established to handle the issue, and a set of cogent actions must be proposed to carry out the policy.
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Super Carpeting Inc. (SCI) just paid a dividend (Do) of $1.68 per share, and its annual dividend is
expected to grow at a constant rate (9) of 3.50% per year. If the required return (rs) on SCI's stock is
8.75%, then the intrinsic value of SCI's shares. .............................
per share.
Which of the following statements is true about the constant growth model?
с
The constant growth model can be used if a stock's expected constant growth rate is less than its
required return.
C
The constant growth model can be used if a stock's expected constant growth rate is more than
its required return.
Use the constant growth model to calculate the appropriate values to complete the following
statements about Super Carpeting Inc.:
• If SCI's stock is in equilibrium, the current expected dividend yield on the stock will
be..................per share.
• SCI's expected stock price one year from today will be........
...per share.
. If SCI's stock is in equilibrium, the current expected capital gains yield on SCI's stock will
be.............
....per share.
Answers
The constant growth model can be used if a stock's expected constant growth rate is less than its required return. So, the correct answer is option a.
Dividends (D1) For next period = D1 (1 + g)
= 1.65 x(1.035)
= 1.7388
P0 = (Div1 )/(r - g)
= 1.7388
= .0875- .35
= $33.12 per share
Div 1 = Dividend for next period
r = required rate of return
g = growth rate of dividend
A dividend is the payment of business profits to qualified shareholders.
The board of directors of an organisation decides on dividend distributions and quantities.
When expressed as a percentage of a company's stock price, the dividend yield is the dividend paid out per share.
Many businesses save their profits to reinvest in the business rather than paying dividends.
Shareholders with voting rights must approve dividends. Although they are less prevalent, dividends can also be distributed as stock shares.
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Consider two nations, Spendia and Savia. The MPC for Spendia is 0.8, and the MPC for Savia is 0.5. Assume that both nations experience an increase in gross investment (I) of $100 million at their existing GDP levels. Instructions: In part a, enter your answers for changes in income as a whole number and multiplier answers to 2 decimal places. In part b, round your answers to 2 decimal places. a. Considering the multiplier effect, what will be the overall increase in income (Y) for each nation
Answers
Answer: See explanation
Explanation:
The increase in income for Spendia will be:
= 1 / (1 - MPC)
where MPC = 0.8
= 1 / (1 - 0.8)
= 1 / 0.2
= 5
Increase in income = Gross investment × multiplier
= $100 × 5
= $500 million
The increase in income for Savia will be:
= 1 / (1 - MPC)
where MPC = 0.5
= 1 / (1 - 0.5)
= 1 / 0.5
= 2
Increase in income = Gross investment × multiplier
= $100 × 2
= $200 million
What will produce more accurate results when giving a survey?
A. Using the word "frequently" in a question
B. Creating face-to-face interviews
C. Adding boxes to check for answers
D. Creating an open questions
Answers
Answer:
Option B; Creating face-to-face interviews
Explanation:
Research has shown that face-to-face interviews tend to produce more accurate results when giving a survey. So the correct answer is option B.
What is the capital gains tax?
A. Tax that is paid to people who are self-employed
B. Tax that is used to provide income for retired and disabled people and
C. Tax that applies to investments and other personal property
D. Tax that is used to provide medical benefits for people age 65 and older
Answers
Answer: C. Tax that applies to investments and other personal property
Explanation:
E 2022
3. Compare the costs and benefits of low- versus high-risk investments. Then, explain what
diversification is and how it offers a balanced alternative to these two types of investments.
WILL MARK BRAINLIEST I NEED ASAP !
Answers
Low-risk investments such as government bonds and savings accounts offer stability and security but have lower returns. High-risk investments such as stocks and mutual funds offer higher potential returns but come with a higher risk of loss. Diversification is a strategy that involves spreading investments across different asset classes, industries, and geographies to reduce risk exposure and potentially increase returns. It offers a balanced alternative to low- and high-risk investments by reducing the risk of significant losses if one investment underperforms.
What is the cost and benefit of low-risk to high-risk investmentLow-risk investments typically offer lower returns but also come with a lower chance of losing money. These types of investments include government bonds, savings accounts, and other similar investments that are considered to be relatively stable. The main benefit of low-risk investments is that they provide a safe place to park your money without risking significant losses.
On the other hand, high-risk investments such as stocks, mutual funds, and real estate have the potential to offer higher returns, but also come with a higher chance of losing money. These types of investments are typically more volatile and subject to market fluctuations, which can result in significant losses. The main benefit of high-risk investments is that they offer the potential for greater returns over the long term.
Diversification is a strategy that involves spreading your investments across a range of asset classes, industries, and geographies. By diversifying your investments, you can reduce your overall risk exposure and potentially increase your returns over the long term. The idea behind diversification is that if one investment performs poorly, the losses will be offset by gains in other investments.
For example, if you invest all of your money in a single stock and that stock performs poorly, you stand to lose a significant amount of money. However, if you diversify your investments across a range of stocks, bonds, real estate, and other asset classes, you reduce the risk of significant losses if one investment underperforms.
In summary, low-risk investments offer stability and security, while high-risk investments offer the potential for higher returns but come with a higher chance of loss. Diversification is a strategy that can help you achieve a balanced approach to investing by spreading your investments across a range of asset classes and reducing your overall risk exposure.
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Select the correct answer. What is the standard lettering height of lowercase letters when used in combination with uppercase letters? A. Lowercase letters must be about one-fourth the height of uppercase letters. B. Lowercase letters must be about twice the width of uppercase letters. C. The lower part of the lowercase letter must be about two-thirds the height of the capital letter. D. The upper part of the lowercase letter must be about two-thirds the height of the capital letter.
Answers
Answer:
B
Explanation:
Cost and service trade off
1.Explain cost and service trade off in distribution.
Answers
Problem 8, MacroSoft Inc. has capitalized $600,000 of software costs. Sales from this product were $360,000 in the first year. MacroSoft estimates additional revenues of $840,000 over the product’s economic life of 5 years.
Instructions
Prepare the journal entry to record software cost amortization for the first year. Show all computations.
Answers
Journal Entry:
Date: [First year-end date]
The amortization expense for the first year is $120,000.
Debit: Amortization Expense - Software Cost - Year 1 ($600,000 / 5 years) = $120,000Credit: Accumulated Amortization - Software Cost - Year 1 ($600,000 / 5 years) = $120,000Explanation:To record the software cost amortization for the first year, we need to allocate a portion of the capitalized software costs as an expense. Since the software has an estimated economic life of 5 years, we divide the total software cost ($600,000) by 5 to determine the annual amortization expense. In this case, the amortization expense for the first year is $120,000. We debit the Amortization Expense - Software Cost account to recognize the expense and credit the Accumulated Amortization - Software Cost account to accumulate the amortization over time.For more such questions on Journal Entry
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the six month and one-year rates are 3% and 4% per annum with semiannual compounding. which of the following is closest to the one-year par yield expressed with semiannual compounding?
Answers
Therefore, 4% is the closest one-year par yield using semiannual compounding.
The one-year rate with semiannual compounding can be calculated as follows:
1 + (3%/2) = 1.015
(1 + 3%/2)^2 = 1 + 4%
So, the closest one-year par yield with semiannual compounding is 4%.
When interest is compounded every two years, the principle of a loan or investment at the beginning of the period in this case, six months includes all of the interest from the previous two years. The only factor affecting the initial principle sum for simple interest loans and investments is the amount of interest that must be paid.
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Miller Park Stadium Project Case Study
Answers
Answer:
what about it lol there's no question
Work should be performed by an individual if ________.
Answers
there is no need for diverse input
2. Using Kelley's typology, how would you describe the follower styles for Schultz and Curley? What about McQueary?
Answers
Kelley's typology classifies followers into five styles: conformist, pragmatic survivor, passive, alienated, and exemplary.
Why is this so?Based on his actions and behavior in the workplace as a follower, Schultz would fit the category of exemplary follower style. His unwavering dedication and commitment to Starbucks as an employee was evident in his constant search for ways to enhance the company's products and operations.
Conversely, Curley exhibited a conformist follower style by adhering to traditional methods of operation and following expectations set by superiors.
Although McQueary's follower style cannot be firmly placed into a single category due to his inconsistent behavior and actions, it is noteworthy that he demonstrated commendable behavior by reporting the misconduct he observed.
However, at times, his passive attitude was evident through his failure to pursue further action or follow up on his initial report.
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When referring to the size and scope of business, which option should be included?
Wholesale vs. Retail
For-Profit vs. Nonprofit
Domestic vs. Global
Public vs. Private
Answers
1. Ryan can show Delia homes listed with XYZ Realty and other brokers in the market if:
(a) None of the homes are owned by Agent Ryan
(b) Ryan discloses to Broker Bradley that he will show homes listed by XYZ Realty
(c) Delia gives verbal consent to see homes listed by XYZ Realty
(d) Delia has given written Intermediary consent
Answers
Ryan can show Delia homes listed with XYZ Realty and other brokers in the market if:
Delia has given written Intermediary consent Delia gives verbal consent to see homes listed by XYZ Realty None of the homes are owned by Agent RyanWhen can homes be shown in the marketDelia gives verbal consent to see homes listed by XYZ Realty: This condition highlights the significance of Delia's consent. If Delia explicitly gives verbal consent to Ryan, it signifies that she is comfortable with viewing homes listed by XYZ Realty. Delia's consent is crucial in allowing Ryan to proceed with showing homes from XYZ Realty.
(d) Delia has given written Intermediary consent: This condition specifically refers to written consent in the form of an intermediary agreement. In some cases, Delia may choose to engage Ryan as an intermediary, authorizing him to show homes listed by multiple brokers, including XYZ Realty.
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