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DerKrebs [107]
3 years ago
15

Which of the following statements are true about organizational culture? Check all that applya. Employees may be unaware of the

underlying assumptions that guide an organization's culture.b. Culture can create a competitive advantage for a company.c. A company's culture cannot be taught-managers must hire people that have the right culture.d. The actions managers take can change a company's culture.
Business
1 answer:
erma4kov [3.2K]3 years ago
6 0

Answer:

statements "a" "b" and "d" are true

Explanation:

The <u>statements "a" "b" and "d" are true</u> because employees may be uninformed of the underlying hypotheses that supervise an organization's culture. Culture can generate ambitious resources for a company. The actions managers exert can improve a company's culture. Organizational culture encompasses values and practices that provide the different social furthermore psychological situation of a company. The organizational culture changes the way people communicate, the circumstances within which culture is created, the revolution they will have towards specific changes, and presently the way they participate.

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Amortization related to overvalued equipment Select one: A. increases consolidated net income. B. increases the parent's reporte
Kruka [31]

Answer: D. Both A and B are correct.

Explanation: Amortization is the reduction or paying off debt over time in a series of payments of interest and principal sufficient to repay the loan in full by its maturity date.  As an accounting technique, it is used to periodically lower the book value of a loan or intangible asset over a period of time. Amortization related to overvalued equipment increases consolidated net income and under the equity method (a method used in the valuation of a firm's investment in another when it holds significant influence over the firm being invested in), it increases the parent's reported net income.

4 0
3 years ago
Garden Sales, Inc, sells garden supplies. Management is planning its cash needs for the second quarter. The company usually has
muminat

Answer:

Garden Sales, Inc.

                                                       April            May          June          Total

1. Cash Collections:

Cash sales (20%)                         $92,000   $198,000   $88,000  $378,000

Credit sales:

10% month of sale                         36,800       79,200     35,200       151,200

70% month following sale           123,200    257,600   554,400     935,200

20% second month following      25,600      35,200      73,600      134,400

Total cash collections               $277,600 $570,000  $751,200 $1,598,800

2. Merchandise Inventory:

a.    Purchases Budget                   April            May          June      

Cost of goods sold                      322,000    693,000   308,000

Ending inventory (15%)                 103,950      46,200     35,700

Goods available for sale             425,950    739,200   343,700  

Beginning inventory                      84,000     103,950    46,200

Purchases                                    341,950    635,250   297,500

b. Cash payment for purchases:

50% month of purchase              170,975     317,625    148,750      637,350

50% month following purchase 126,000      170,975    317,625      614,600

Total payment for purchases  $296,975  $488,600 $466,375 $1,251,950

3. Cash Budget

                                                       April            May          June         Total

Beginning cash balance           $46,000   $40,225     $40,425     $46,000

Total cash collections                311,200    652,800     727,600 $1,691,600

Cash available                        $357,200 $693,025   $768,025 $1,737,600

Payment for purchases          $296,975  $488,600 $466,375 $1,251,950

Other payments:

Dividends                                   24,000                                              24,000

Land purchase                                              32,000                           32,000

Selling & administrative exp.   115,000       134,000      73,400      322,400

Total cash payments            $435,975   $654,600  $539,775 $1,630,350

Cash Balance                           (78,775)       38,425    228,250     228,250

Minimum Cash balance         (40,000)      (40,000)  

Cash required                       $118,775         $1,575       0                      0

Cash borrowed                    $119,000        $2,000   (123,400)     (123,400)

Ending balance                       40,225        40,425    104,850       104,850

4. To: The President

From: FC

Subject: Revised Estimates and the Cash Budget

Date: April 26, 2021

The revised estimates will ensure that the company has the ability to pay off its borrowings in April and May by the end of the second quarter.

It should be maintained.

Regards,

Explanation:

a) Data and Calculations:

Budgeted monthly absorption costing income statements for April-July are:

                                                       April            May          June          July

Sales                                           $460,000 $990,000 $440,000 $340,000

Cost of goods sold                      322,000    693,000   308,000   238,000

Gross margin                                138,000    297,000    132,000    102,000

Selling and administrative expenses *

Selling expense                             89,000      94,000     55,000     34,000

Administrative expense                42,000      56,000     34,400     32,000

Total selling and administrative

expenses                                     131,000     150,000     89,400     66,000

Net operating income                  $7,000   $147,000   $42,600   $36,000

                                                       April            May          June          July

Sales                                           $460,000 $990,000 $440,000 $340,000

Credit sales (80%)                        368,000    792,000   352,000   272,000

Cash collections

Cash sales (20%)                         $92,000   $198,000   $88,000  $68,000

Credit sales:

10% month of sale                         36,800       79,200     35,200     27,200

70% month following sale           123,200    257,600   554,400   246,400

20% second month following      25,600      35,200      73,600    158,400

Total cash collections               $277,600 $570,000  $751,200 $500,000

                                                       April            May          June          July

Cost of goods sold                      322,000    693,000   308,000   238,000

Ending inventory (20%)                138,600       61,600     47,600

Goods available for sale             460,600    754,600   355,600  

Beginning inventory                      64,400     138,600      61,600     47,600

Purchases                                   396,200     616,000   294,000

Cash payment for purchases:

50% month of purchase             198,100     308,000    147,000

50% month following purchase 93,800       198,100   308,000

Total payment for purchases $291,800   $506,100 $455,000

Other payments:

Dividends                                   24,000

Land purchase                                              32,000

Selling & administrative exp.   115,000       134,000      73,400

Total cash payments           $430,800     $672,100 $528,400

Principal debt to bank at the end of the quarter =    $121,000

+ Interests: 1% of $119,000 = $1,190

1% of $121,000                         1,210

Total interest owed              $2,400                               2,400

Total debt to the bank at the end of the quarter = $123,400

Revised Estimates:

Credit sales (80%)                        368,000    792,000   352,000   272,000

Cash collections

Cash sales (20%)                         $92,000   $198,000   $88,000  $378,000

Credit sales:

25% month of sale                        92,000     198,000      88,000    378,000

65% month following sale            114,400    239,200     514,800    868,400

10% second month following        12,800        17,600      36,800       67,200

Total cash collections                $311,200  $652,800  $727,600 $1,691,600

                                                        April            May          June          July

Cost of goods sold                      322,000    693,000   308,000   238,000

Ending inventory (15%)                 103,950      46,200     35,700

Goods available for sale             425,950    739,200   343,700  

Beginning inventory                      84,000     103,950    46,200

Purchases                                    341,950    635,250   297,500

Cash payment for purchases:

50% month of purchase              170,975     317,625    148,750

50% month following purchase 126,000      170,975    317,625

Total payment for purchases  $296,975  $488,600 $466,375

Other payments:

Dividends                                   24,000

Land purchase                                              32,000

Selling & administrative exp.   115,000       134,000      73,400

Total cash payments           $435,975    $654,600  $539,775

5 0
3 years ago
Kirk McCoy is district sales manager for the Jimmy Dean division
arlik [135]

Answer: centralized

Explanation:

Based on the information given in the question, we can infer that McCoy operates a centralized department.

This is a centralized department because McCoy takes the decisions in the organization. In a centralized department, the organizational structure is such that the power regarding the decision is confined to top management, while the followers just follow the instructions

8 0
3 years ago
Suppose that the total revenue received by a company selling basketballs is $600 when the price is set at $30 per basketball and
NemiM [27]
You would get 20 basketballs at $30 and 30 basketballs at $20.
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2 years ago
Art is charged with kidnapping. After listening to all the evidence, 11 of the 12 jurors found him guilty. The twelfth juror vot
Likurg_2 [28]
No he will not be convicted
7 0
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