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3 years ago

1 What is "POSDCORB"

Business

2 answers:

vfiekz [6]3 years ago

4 0

Explanation:

POSDCORB is an acronym which means Planning, Organizing, Staffing, Directing, Coordinating, Reporting and Budgeting

Vitek1552 [10]3 years ago

3 0

Answer:

POSDCORB

Explanation:

POSDCORB is an acronym which means Planning, Organizing, Staffing, Directing, Coordinating, Reporting and Budgeting which was first coined in a paper on administrative management that was written for the Brownlow Committee by Luther Gulick and Lyndall Urwick.

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The cost object in a job order system is the ______ and the cost object in a process costing system is the ______.

nordsb [41]

Answer:

The correct word for the blank space is: specific job; process.

Explanation:

The cost object represents the cost of an object or department for which that cost is assigned. For instance, the repairs department of a dealership is a cost object of the repairs employees and the repair supplies. Cost objects are usually traceable thus are treated as direct costs for accounting purposes.

Then, <em>the cost object of a job order is the specific job assigned</em>; <em>while the cost object of a process costing system is the process </em>itself.

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3 years ago

Which choice BEST describes what might happen to unemployment rates, if minimum wage laws were repealed?

Ivenika [448]

Answer:

the short term, unemployment rates would drop drastically.

8 0

3 years ago

Read 2 more answers

A manufacturer of washing machines has expanded its plant and created excess capacity, just as the general economy takes a downt

AURORKA [14]

If the entire economy should take a downturn, the effect on the manufacturer would be to : offer rebates and incentives for customers who purchase washing machines.

<h3>What is meant by an economic downturn?</h3>

This is the term that is used to refer to the economic downturn that is experienced in a particular economy for a given period of time. This period would usually bring about the failure of the market with the producers and sellers making little gains in the market.

Hence we cam say that If the entire economy should take a downturn, the effect on the manufacturer would be to : offer rebates and incentives for customers who purchase washing machines.

Read more on economic downturn here: brainly.com/question/7201254

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1 year ago

The net income reported on the income statement is $58,000. However, adjusting entries have not been made at the end of the peri

nlexa [21]

Answer:

The corrected Net income = $54,500

Explanation:

Net income is defined as the total profits earned by an individual from a business venture. It is equal to the difference between the gross income and the expenses involved including cost of supplies and accrued salaries.

Given: net income = $58,000

Entries not made include supplies expense = $2,200 and accrued salaries = $1,300

Therefore, the corrected net income = net income - expenses = $58,000 - ($2,200 + $1,300) = $54,500

8 0

3 years ago

Purvell Corporation has just acquired a new machine with the following characteristics (Ignore income taxes.): Cost of the equip

jarptica [38.1K]

Answer:

18.75%

Explanation:

Calculation to determine what The simple rate of return would be closest to:

First step is to calculate the Depreciation using this formula

Depreciation = (Cost - Salvage value)/ life

Let plug in the formula

Depreciation= ($50,000-$5000)/8 years

Depreciation=$40,000/8

Depreciation=$5,625

Second step is to calculate the annual net cash savings:

Annual cash savings $15,000

Less: Depreciation ($5,625)

(45,000/8 = $5,625)

Annual net cash savings $ 9,375

($15,000-$5,625)

Now let calculate the Simple rate of return

Using this formula

Simple rate of return = Annual net cash savings / Initial investment

Let plug in the formula

Simple rate of return= $9,375/$50,000

Simple rate of return= 18.75%

Therefore The simple rate of return would be closest to:18.75%

4 0

3 years ago