Chester Barnard
In contrast to an informal organization, which serves the members' psychological and social requirements, a formal organization's objective is to achieve its organizational goal.
A collection of individuals who share a common identity and are dedicated to attaining a common goal is referred to as an informal organization. Informal groups are established by the collective identity and will of its members. Contrary to a formal structure, which is based on duties and responsibilities, an organization's operation is actually known as an informal organization.
Independent of their positions and hierarchies, employees connect or communicate with one another to form informal organizations. It operates side by side with a formal organization.
A Formal Organization Differs From An Informal Organization
A formal organization is purposefully produced by management, as opposed to an informal organization, which is created haphazardly by individuals.
While informal groups are unstable, formal organizations are long-lasting and stable.
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<span>Promotion activity
Product and service promotion is the most common form of marketing. Promotional activities can include: advertising - you can advertise your product, service or brand in newspapers, radio, television, magazines, outdoor signage and online.</span>
If there are 20 return transactions and 50 sales transactions, 20/70 is the proportion of return transactions.
ROI is calculated by subtracting the initial cost of the investment from the final value, dividing this new number by the investment cost, and finally multiplying by 100.
The annual Rate of Return is the percentage change in the value of an investment. For example, if you expect an annual return of 10%, you expect the value of your investment to increase by 10% each year.
The proportion of return is a measure of an investment's profit or loss over a one-year period. Most investors measure returns on an annual basis, making it easier to compare the performance of different investments.
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Balance Sheet occurs immediately after he prepares the income statement.
Balance Sheet:
- The balance sheet is one of the three main financial statements used when evaluating a business. It offers a snapshot of the assets and liabilities of a corporation as of the publication date.
- A balance sheet provides you with a quick overview of your company's financial situation at any given time. A balance sheet, along with an income statement and a cash flow statement, can aid business leaders in assessing the financial health of their organization.
- The balance sheet is a vital instrument used by executives, investors, analysts, and regulators to understand the present financial situation of a firm. The other two types of financial statements, the income statement and the cash flow statement, frequently cohabit with it.
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Answer:
$16,000
Explanation:
The computation of the amount reported for the interest payable is shown below:
= Principal × rate of interest × number of months ÷ (total number of months in a year)
= $800,000 × 8% × (3 months ÷ 12 months)
= $16,000
The three months should be taken from October 1 To November 1 and November 1 to December 31
We simply applied the above formula so that the interest payable amount could come