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3 years ago

In a matrix organization, each employee reports to a functional and a(n) __________ manager.

1 answer:

7 0

The answer is project. <span>In a matrix organization, each employee reports to a functional and a(n) project manager. you can look it up on quizlet.</span>

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Choose all that apply.

vesna_86 [32]

Provide information such as the name address date of birth and social security number verify the account provide identification deposit at least the minimum balance sign an authorization card

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4 years ago

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Ted and Fred are the owners of a gas station. They invested $150,000 each and pay an employee named Lawrence $35,000 per year. T

Scrat [10]

Answer:

C. Ted & Fred

Explanation:

Ted and Fred are in a partnership form of business ownership. According to the law of partnership, partners should share profits and losses equality unless specified otherwise in a partnership deed. In this scenario, Ted and Fred will share the loss equally or in the manner stated in their partnership agreement.

Lawrence is an employee. He does not share in the profits and losses of the business. Lawrence provides labor services to the partnership for which he earns a constant salary.

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3 years ago

For each of the following accounts, identify whether that item is an asset, liability, or equity account. Account Classificati

Ulleksa [173]

Answer:

a. Bonds payable Liability account

b. Equipment Asset account

c. Accounts payable Liability account

d. Salaries payable Liability account

e. Common stock Equity account

f. Retained earnings Equity account

g. Cash Asset account

h. Accounts receivable Asset account

i. Sales revenue Equity account

j. Inventory Asset account

Explanation:

All the assets account is debit in nature, so the equipment, cash, account receivable and Inventory accounts are debit in nature and these are classified as asset.

All the account with credit nature is either classified as Liability or Equity accounts. Equity accounts are common stock, retained earning and sales revenue. Liabilities accounts are bond payable, account payable and salaries payable.

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4 years ago

Global Corporation distributed property with an $850,000 fair market value and a $415,000 adjusted basis to one of its sharehold

Juliette [100K]

Answer:

1. The amount of the shareholder's dividend income on the distribution is $620,000.

2. The shareholder's basis in the property received is $850,000.

Explanation:

1. What is the amount of the shareholder's dividend income on the distribution?

From the question, it is stated that the property distributed was subject to a $230,000 mortgage which the shareholder assumed. This implies that the shareholder has taken up responsibility of paying off the mortgage loan. This will reduce the amount of dividend paid to the shareholder as follows:

Shareholder's dividend income = $850,000 - $230,000 = $620,000.

Therefore, the amount of the shareholder's dividend income on the distribution is $620,000.

2. What is the shareholder's basis in the property received?

When property is distributed to shareholders, the shareholder's basis in the distributed property is considered to be the fair market value (FMV) of the distributed property and it will be treated as if the distribution had been made in cash.

Therefore, the shareholder's basis in the property received is $850,000 which its fair market value.

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3 years ago

Which of the following scenarios is an example of monopolistic competition?

Anestetic [448]

B.
The bus company has monopoly over the bus service in the town because it has no competitors.

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3 years ago

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