Explanation:
The organizational structure can be defined as the way in which the company's activities are divided, coordinated and executed, encompassing the physical aspects of the company, as well as the human, and all the systems that make up the organization.
Organizational culture can be defined as the set of values, rules and procedures shared by all employees in an organization.
The interrelation between the organizational structure and the culture, is that analyzing the three levels of the organizational culture that are:
1- Artifacts,
2- Shared values,
3- Basic assumptions.
Analyzing the three levels of the organizational culture, we see that it encompasses the organizational structure, since the artifacts are the physical aspects that will contribute to the generation of a given culture.
The multinational company Google, is an example where the organizational structure and culture are related, because it is a technology company that has innovation and flexibility as its main values, it presents a relaxed and horizontal physical structure, which stimulates motivation, creativity, engagement and integration of teams that will develop essential projects for the company to achieve its goals.
Increases in health care costs on the health of individuals in society.
<span>Which one of the following choices is the responsibility of the team leader? Outline the ideas to be discussed. The project manager will set the goal of the project and then the team leader is in charge to help outline to all members what the project should entail. It is important to make sure all members complete their part to have one completed project for everyone on the team to receive the same outcome from. Team </span>settings are great for diversity but all members must work together.
Answer:
1. $550,000
Explanation:
1. It is given in the question that the stated interest rate and the market interest rate both are having the same rate, i.e, 12%.
Hence, the bonds are issued at the face value that is $550,000.
2. The Journal entries are as follows:
(i) On January 1,
Cash A/c Dr. $550,000
To bonds payable $550,000
(To record the bond issuance)
(ii) On December 31,
Interest Expense A/c Dr. $66,000
To cash A/c $66,000
(To record the first interest payment on December 31 assuming no interest has been accrued earlier in the year)
Workings:
Interest expense = $550,000 × 12%
= $66,000