Answer:
Collecting accounts receivable faster
Explanation:
Operating cycle states that the period of time between purchase of inventory and the group of receivable cash. The operating cycle depends on the period of the inventory and the period of receivables for the accounts. Here if the operating cycle is rising that the inventory duration and the receivable period of accounts also increase. Increasing periods of inventories and receivables will lead to a long operating cycle.
Thus, If the receivables for the accounts are obtained at a faster pace, the operating period will decrease.
Answer: $212,000
Explanation:
Under the cost principle, the amount that the land should be recorded in the accounting records of Focus Company would be $212,000.
It should be noted that under the cost principle, any property that can be considered to be an asset would have to measured at its cost.
Since the companies settled on a purchase price of $212,000, that'll be the amount that will be recorded.
Answer:
Insurance is the procedure by which persons or companies exposed to a specific risk agree with an institution specializing in compensation for damage that the institution will indemnify the damage caused when the risk materializes. The resulting contract is called insurance.
From a commercial point of view, insurance can be defined as the means by which the cost of incidental damage can be converted evenly into a continuous annual cost on an annual basis.
Answer:
D. Product Divisional Structure
Explanation:
As the consumer products firm with a functional structure is expanding from a single product line into several diverse product groups, with most sales within one country. Product divisional structure should be adopted in order to manage the new conditions most effectively. This is kind of an organizational structure where different organizational departments and functions are separately into different divisions. Each division has all the necessary resources and capacities in order to support different that product line or territory, it has its own IT department, finance, HR and marketing department.
Answer:
Cross-functional
Explanation:
It is a team composed of people with different skills necessary to complete the work.
A cross-functional device is one that:
As a whole it is self-sufficient.
He has the knowledge and skills necessary to build the part of the product that corresponds to him.
Each member's specialty can be complemented by some other team member.
In a multifunctional development team, speed and productivity are triggered because, not depending so much on other people to do the job, request information, resources or requests from different managers, much time is saved in the process.
