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2 years ago

In an organization, the functional level is made up of ________, which provide specific and focused strategic direction.

1 answer:

5 0

The functional level of an organization is made up of departments, which provide specific and focused strategic direction for the company to achieve its objectives and goals set out in the planning.

<h3 /><h3>Functional level</h3>

It provides support for the strategy developed in the organization, with the general objective of generating greater competitiveness for the company, effectively maintaining the corporate performance of each integrated system.

Therefore, functional departments exist in a company so that each sector has the necessary focus on resources, units and people in order to generate greater compliance with the organizational strategy and objectives.

The correct answer is:

Departments

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Using word of mouth for finding a job is helpful because _____.

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So that you can talk to the person offering the job

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3 years ago

The following errors took place in journalizing and posting transactions:

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Answer:

<u>Journal 1</u>

Debit : Prepaid Expense $37,600

Credit : Cash $18,800

Credit : Insurance Expense $18,800

<u>Journal 2</u>

Debit : Dividends $18,000

Credit : Wages $18,000

Explanation:

Journal 1

The first error has to be corrected by debiting the Prepaid Expenses by twice the amount paid to cancel the effect of a credit entry made to that account. Cash is credited to show the correct credit entry that was supposed to be made. Insurance expense is credited to cancel the debit entry made to this account in error.

Journal 2

The error made is called error of principle. This is were the transaction is recorded in the wrong class of accounts. Simply, Debit the Dividends and credit the Wages Account to record and reverse the error out of the Wages Account into the Dividends Account.

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3 years ago

According to the table, if the interest rate on this account were 10 percent, how much money would you have in the account at th

Sergio [31]

You would have $10.50 just double the rate

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2 years ago

Assume that a college student spends her income on Coke and Snickers. During finals week, the price of a Snickers candy bar is $

Ratling [72]

Answer:

The answer is: 10 Snickers bars and 20 cans of Coke.

Explanation:

To find out what combination she can buy with her total income ($32.50) we can just multiply the price of each product by its quantity;

If she buys 24 snickers bars and 12 cans of coke she will spend:

(24 x $0.75) + (12 x $1.25) = $33 SHE CAN´T AFFORD TO BUY

If she buys 24 snickers bars and 12 cans of coke she will spend:

(22 x $0.75) + (14 x $1.25) = $34 SHE CAN´T AFFORD TO BUY

If she buys 24 snickers bars and 12 cans of coke she will spend:

(15 x $0.75) + (18 x $1.25) = $33.75 SHE CAN´T AFFORD TO BUY

If she buys 24 snickers bars and 12 cans of coke she will spend:

(10 x $0.75) + (20 x $1.25) = $32.50 <u> </u><u>SHE CAN AFFORD TO BUY</u>

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3 years ago

A firm has a long-term debt-equity ratio of .4. Shareholders’ equity is $1 million. Current assets are $200,000, and the current

Nuetrik [128]

Answer:

Total debt ratio is 33.33%

Explanation:

A long term debt to equity ratio of 0.4 tells that the value of long term debt is 0.4 or 40% of the value of the equity. If the value of the equity is $1 million, the value of long term debt is,

Long term debt = 0.4 * 1000000 = $400000

A current ratio is calculated by dividing the current assets by the current liabilities. It tells how many current assets are available to satisfy $1 of current liabilities. A current ratio of 2 means that for every $1 of current liability, $2 of current assets are available. Thus, current liabilities are half of current assets. If the value of current assets is $200000, the value of current liabilities is,

Current liabilities = 200000 * 1/2 = $100000

Total liabilities = 400000 + 100000 = $500000

A debt ratio is calculated by dividing the value of total debt or total liabilities by the value of total assets.

Total assets = total liabilities + total equity

Total assets = 500000 + 1000000

Total assets = $1500000 or $1.5 million

Total debt ratio = 500000 / 1500000

Total debt ratio = 1/3 or 0.3333 or 33.33%

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3 years ago