1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Roman55 [17]
3 years ago
14

Mitchell has worked for a very large company for three years. During lunch one day he stood at the elevator and read the buildin

g directory. He noticed that all of the accounting staff for his business was grouped on one floor, all of the legal personnel were on the floor above his, the CEO and his staff were on the top floor, the marketing and advertising departments on the floor under his, and the sales department on the floor under marketing and advertising. How is Mitchell’s business departmentalized?
Business
1 answer:
s344n2d4d5 [400]3 years ago
8 0

Answer:

It is departmentalized in a functional way

Explanation:

Functional departmentalization is the type of organizational structure based on common job functions. In Mitchell's case all similar jobs, like legal or marketing, are grouped in one place or on the same floor. This type of organization provides space for further employee's specialization by putting staff in places where their skills can further develop.

You might be interested in
Delinquency occurs at how many days past due on your loan repayment?
Maslowich

Delinquencies are reported when the loan is 30 or more days past due to the credit bureau. When the borrower is 90 or more days past due is stated to be a serious delinquency.

<u>Explanation:</u>

Delinquency is a situation in which the loan borrower fails to pay the loan or makes an overdue on the periodical payment.

<u>Delinquency rate:</u>

The percentage of loans within the loan portfolio of a financial institution whose payments are delinquent. The formula to calculate the delinquency rate is as follows,

\text{Delinquency Rate }=\frac{\text{Number of delinquent accounts}}{\text{total number of credit accounts}}\times100

<u>Average days delinquent:</u>

This is calculated by subtracting the days sales outstanding (DSO) from best Possible DSO which is represented as

<u></u>\bold{\text{ADD= Days Sales Outstanding - Best Possible Days Sales Outstanding}}<u></u>

5 0
3 years ago
The Maroon &amp; Orange Gym, Inc., uses the accrual method of accounting. The corporation sells memberships that entitle the mem
SashulF [63]

Answer:

c. $180 in 2019

Explanation:

The company uses the accrual method of accounting. Under the method, revenues are reported on the income statement when they are earned, regardless of when the money is actually received or paid.

On July 1, 2017, the company sold a one-year membership and a two-year membership. In 2017, The Maroon & Orange Gym, Inc. has provided service for 6 months of each contracts.

Gross income of one-year membership in 2017 = $40 x 6 = $240

Gross income of one-year membership in 2017 = $30 x 6 = $180

Total income = $240 + $180 = $420

In 2018, the company continued to provide service for 6 months remaining of one-year membership and 12 months remaining of two-year membership.

Gross income of one-year membership in 2018 = $40 x 6 = $240

Gross income of one-year membership in 2018 = $30 x 12= $360

Total income = $240 + $360 = $600

In 2019, the company completed providing service for 6 months remaining of two-year membership.

Gross income in 2019 = $30 x 6= $180

4 0
2 years ago
The Bonsai Nursery Corporation has $1,000 par value bonds with a coupon rate of 8% per year making semiannual coupon payments. I
nignag [31]

Answer:

9.78%

Explanation:

The yield to maturity can be determined using the rate formula in excel as shown below:

=rate(nper,pmt,-pv,fv)

nper is number of times coupon interest would be paid,which is 12 years multiplied by 2(semi-annual interest payment) i.e 24

pmt is the semi-annual interest which is $1000*8%/2=$40

pv is the current price of the bond at $876.40

fv is the face value of the bond which is $1000

=rate(24,40,-876.40,1000)=4.89%

Semi-annual yield is 4.89%

Annual yield is 4.89%*2=9.78%

The yield to maturity on these bonds is approximately 9.78%

6 0
3 years ago
Microsoft Windows at one time would have been considered this type of monopoly?
TEA [102]
Microsoft<span> was </span>considered a monopoly in the late 90's because <span>there was effectively no other option than to use Windows, so Windows </span><span>had </span>monopoly market power, especially in the <span>"Business Operating System" market.</span>
<span>Microsoft could set prices for users, and dictate user's behavior.
</span>
6 0
3 years ago
What is the return on common stockholdersâ equity based on the following: Beginning Common Stockholdersâ Equity: $10,317,000 End
Slav-nsk [51]

Answer:

13.28%

Explanation:

return on stockholders' equity = net income after taxes and preferred stock dividends / average stockholders' equity

  • net income = $1,429,000
  • preferred stocks dividends = 8,000 stocks x $75 x 6% = $36,000
  • average stockholders' equity = ($10,317,000 + $10,662,000) / 2 = $10,489,500

return on stockholders' equity = ($1,429,000 - $36,000) / $10,489,500 = 13.28%

5 0
3 years ago
Other questions:
  • Lease A does not contain a bargain purchase option, but the lease term is equal to 90% of the estimated economic life of the lea
    13·1 answer
  • Sheridan Company uses a periodic inventory system. For April, when the company sold 450 units, the following information is avai
    7·1 answer
  • Automation of a process activity consists of moving work from the ________ of the symmetrical five-component framework.
    12·1 answer
  • In order for the United States to have a treaty with a foreign country the
    9·2 answers
  • In general, securities with ____ credit risk and _______ liquidity will offer higher yields. a. lower; lower b. higher; lower c.
    5·1 answer
  • Acheson Corporation, which applies manufacturing overhead on the basis of machine-hours, has provided the following data for its
    6·1 answer
  • Your total liabilities excluding mortgage debt should not exceed what percentage of your net worth excluding the value of your h
    8·1 answer
  • Companies that have higher risk than a competitor in the same industry will generally have
    14·2 answers
  • Tessellations that use more than one type of regular polygon are called semi-regular tessellations.
    5·2 answers
  • Why do you think it's better to invest in a variety of stocks, rather than in just one?
    11·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!