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Pie
2 years ago
11

accountants who work at the corporate headquarters of a large department store chain use state-of-the-art systems to create fina

ncial statements every day, but the interpretation and analysis of those statements can take several hours. the accounting department consists of financial, managerial, and tax accountants. one advantage of departmentalizing the accountants is:
Business
1 answer:
belka [17]2 years ago
6 0

The major advantage of departmentalizing the accountant is because its ensure maximum efficiency since employees could coordinate work within the department function.

Simply put, the term "Departmentalization" refers the process of grouping activities or function into section under the same department.

For instance, every company have an accounting department. The process of sub-grouping the accounting department into legal compliance or financial control, Reports and financial statements, Budgeting etc is known as departmentalization.

The process of Departmentalization has numerous advantages but one particular advantage is that employees with similar expertise can coordinate the work between themselves to achieve efficiency.

Learn more about Departmentalization here

<em>brainly.com/question/14524755</em>

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Identify the following as cash inflows or outflows to a privately-owned water company: well drilling, maintenance, water sales,
andrey2020 [161]

Answer:

Cash Inflow would be cash coming into the company and Cash Outflow would be going out.

<h2>Cash Inflow</h2>
  • Water Sales
  • Government Grants - money given to the company by the Government to help in its operation
  • Issuance of bonds - Cash inflow from debt issuance
  • Used Equipment sales - cash from sale of used equipment
  • Stormwater fees - paid by customers to take stormwater from property
  • Discharge Permit revenue

<h2>Cash Outflow</h2>
  • Well drilling - drilling well requires cash expenditure
  • Maintenance - cash expense
  • Accounting - Administrative expenditure
  • Energy Cost
  • Pension Plan Contributions - contributing to its employees' pension plans is an expense
  • Heavy Equipment Purchases - Capital expenditure
4 0
3 years ago
Because budgeted fixed costs remain the same regardless of production volume, a(n):________ variance occurs when there is a diff
blsea [12.9K]

Answer:

A production volume variance

Explanation:

A production volume variance occurs when there is a significant difference between the actual volume of products manufactured and the budgeted or standard volume of production. Therefore, a production volume variance can be harnessed by businesses in order to measure the production cost of products against the budgeted fixed cost.

The production volume variance can be calculated by difference between actual volume of production and the standard volume of production, multiplied by the overhead rate that have been budgeted.

So, when calculating the production volume variance, if the actual volume of production is lower than the budgeted or standard volume of production, then the production volume variance is not favorable.

7 0
3 years ago
At the end of the season, little billy's baseball team has a record of 7 wins and 5 losses. little billy's best buddy bobby's te
mote1985 [20]

Answer:

Position 02.

Explanation:

Each of the 04 teams have 12 games, hence a pair from one team plays the other four times. There are six possibilities of forming a pair in all the four teams, so in all 6x4=24 games were played among the teams. This also means that there is a possibility of 24 wins and 24 losses in all the four teams.  

First team= 7 W and 5 L

Second team = 8 W and 4 L

Worst team = 12 games = W + L ( From twice as many losses as wins we know 2W = L )

12 = W + 2W

12 = 3W

W = 4 and L = 8

For last team:

W = 24

W = 7 W + 8 W + 4 W + X = 24

19 W + X = 24 W

X = 5 W

Hence Billy's team is second

7 0
3 years ago
Investors expect the market rate of return this year to be 14.50%. The expected rate of return on a stock with a beta of 1.2 is
sesenic [268]

Answer:

14.52%

Explanation:

The computation of the rate of return on the stock is shown below:-

The expected rate of return on the stock = Beta × (Rate of return - Market rate of return)

= 1.2 × (0.121 - 0.145)

= - 2.88%

So, the expected rate of return on the stock = Current percentage - expected rate of return on the stock

= 0.174 - 0.0288

= 14.52%

Therefore we simply applied the above formulas

4 0
3 years ago
Bed &amp; Bath, a retailing company, has two departments, Hardware and Linens. The company's most recent monthly contribution fo
Dafna1 [17]

For this problem, we are required to calculate the net operating income.

In order to answer the question, we will first calculate the impact of the changes on the Hardware department. Then we will add the remaining fixed costs that are currently charged to Linens that will continue.

To calculate net operating income, subtract operating expenses from the revenue generated by a property. Revenue from real Hardware department estate includes rental income, parking fees, service changes, vending machines, laundry machines, and so on.

Net income, also known as the bottom line, Hardware department indicates a business's profitability. It shows how much profit is left from revenue after accounting for expenses and liabilities. Net income is profit that can be distributed to business owners or shareholders or invested in business growth.

A corporation's positive net income causes an increase in the retained earnings, which is part of stockholders' equity. A net loss will cause a decrease in retained earnings and stockholders' equity.

learn more about Hardware department: brainly.com/question/27803497

#SPJ4

6 0
1 year ago
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