Answer:
Kindly check explanation
Explanation:
Implementing plans where functional managers will be held responsible for cost overruns against their original estimate possess both advantages and disadvantages :
The advantages include:
1) Efficient use of Resources : A functional manager could be explained as the head or a person who has managerial authority over a department within a business organization. As such the functional manager will be able to monitor more effectively and take control of his unit. Holding them responsible for cost overruns will ensure that they are more cautious when it comes to resource and cost management as they will not want to be sanctioned.
11) ACCOUNTABILITY: It increases the sense of responsibility of the functional managers as they are being held fully responsible for the decisions made within their unit. This places a higher burden of showing sincerity on the managers.
The disadvantage associated with the plan is the possibility of producing low quality products resulting from the economical and cautious approach embarked upon in other to prevent cost overrun, materials used may be lesser quality than expected.
One of the item that you could look is the outstanding check
Outstanding check refers to the check that you've already given to someone as a payment, but that person still has not turned it into cash so basically it shouldn't be deduced from your book.
When adjusting your register, you should eliminate this amount so your company do not miscalculate the amount of cash they actually owned.
Answer:
D
Explanation:
Price discrimination is when the same product is sold at different prices to customers in different markets
<u><em>Types of Price Discrimination</em></u>
1. first degree price discrimination : here sellers charge each consumer at their willingness to pay in order to eliminate consumer surplus.
2. second degree price discrimination : here firms offer different prices depending on the quantity purchased. e.g. giving discounts for bulk purchases.
3, third degree price discrimination : firms charge different prices to different groups of customers. e.g. having a certain price for senior citizens, students
<u><em>Requirements to practice successful price discrimination</em></u>
- The firm must have market power. If the firm does not have market power and attempts to price discriminate they would lose customers
- The firm must have different elasticities of demand for their product in different markets
- The firm must be able to segment the market for their products
Answer:
Explanation:
The journal entry is shown below:
1st July Debit Prepaid insurance $13620
Credit Cash $13620
31st December Debit Insurance expenses $2270
Credit Prepaid insurance $2270
Insurance expense was calculated as:
= $13620/3 years × 6months/12months
= $4540 × 1/2
= $2270
Answer:
B. Market or customer organization
Explanation:
This type of organization is organized by customer type in order to ensure that the different expectations of the customer groups are met by a customized service approach. Since Denim Blue Jean Corporation caters to men, women, children, babies, toddlers, and teens, this is the best approach for the organization.