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
katrin [286]
3 years ago
8

Laura is a billing clerk in a​ medium-sized manufacturing company. she reports to the supervisor of accounts​ payable, who in tu

rn reports to the manager of accounting. the manager of accounting is accountable to the chief financial​ officer, who reports to the company president. which element of organizational design does this​ illustrate?
Business
1 answer:
Radda [10]3 years ago
7 0
Chain of command <span>is the element of organizational design does this​ example illustrates. 

A chain of command is defined as the hierarchy of authority. Authority comes from the </span>top and is passed down through channels known as chains until it gets to the bottom. The military provides a great example of the chain of command. If something were to happen on a low level, they wouldn't just go talk to the President about it, it would be passed up and up until finally reaching where it needs to go. 
You might be interested in
Several years ago a city established a sinking fund to retire an issue of general obligation bonds. This year the city made a 55
Amanda [17]

Answer: c. Debt Service Fund and General Fund

Explanation:

The Sinking fund is a Debt Service Fund as it was created to retire some general obligation bonds. Every transaction that had to do with the retirement of debt as well as contribution to the retirement of debt would go in this account.

The General fund is also needed because this is the main fund of a Government entity. Everything that does not go through special funds is recorded here. This Fund therefore would show that the city made a $550,000 contribution to the sinking fund.

4 0
3 years ago
Moral hazard is a situation when a. contract terms attract parties that have a higher preference for risk b. contract terms ince
monitta

Answer:

contract terms incentivize one party to take on more risk because they don't carry the full cost of the risk

Explanation:

A moral hazard can be understood as the concept that a participant that is sheltered from danger in some manner will behave significantly than if they were not.

Every day, we see moral hazard in the form of established academics who remain apathetic presenters, individuals who have burglary insurance who are less attentive about where they parked, compensated workers who take long vacations, and etc.

Thus, from the above we can conclude that the correct option is C.

5 0
3 years ago
Retreaded Tires plans to save $23,500, $24,500, $26,500, and $28,000 at the end of each year for Years 1 to 4, respectively. If
exis [7]

Answer:

<u><em></em></u>

  • <u><em>Option C. $105,608.11</em></u>

<u><em></em></u>

Explanation:

Basis:

  • Interest compounded monthly
  • rate = 0.021/12 = 0.00175

1. Year 1:

All the figures in dollars.

  • Initial balance: 0
  • Initial balance + interest = 0
  • Deposit at the end of the year: 23,500
  • Final balance: 23,500

2. Year 2:

All the figures in dollars.

  • Initial balance: 23,500
  • Initial balance + interest: 23,500 (1 + 0.00175)¹² = 23,998.28
  • Deposit at the end of the year: 24,500
  • Final balance: 24,500 + 23,998.28 = 48,498.28

3. Year 3:

All the figures in dollars.

  • Initial balance: 48,498.28
  • Initial balance + interest: 48,498.28(1 + 0.00175)¹² = 49,526.60
  • Deposit at the end of the year: 26,500
  • Final balance: 26,500 + 49,526.60 = 76,026.60

4. Year 4:

All the figures in dollars.

  • Initial balance: 76,026.60
  • Initial balance + interest: 76,026.60(1 + 0.00175)¹² = 77,638.62
  • Deposit at the end of the year: 28,000
  • Final balance: 28,000 + 77,638.62 = 105,638.62

Assuming differences in rounding intermediate values, the answer is the option C.

3 0
3 years ago
A business owner makes 1,000 items a day. Each day she contributes eight hours to produce those items. If hired, elsewhere she c
Olin [163]

Answer:

Accounting profit=$300,000

Explanation:

<em>Accounting profit is the difference between revenue from from production or service activities and the expenditures incurred.  </em>

<em>It is the difference between the total revenue and the</em><em> total explicit costs</em><em>. Explicit costs are those transaction cost incurred to generate revenue . E.g the cost of the material , labour, expenses e.tc.</em>

On the other hand, economic profit includes accounting profit plus opportunity cost. Opportunity cost is the value of the benefits sacrificed in favour of a decision.  

Accounting profit = Sales revenue - Explicit cost

Sales revenue = Price × units sold= $15× 1000× 30 = $450,000 1

Explicit cost = $150,00

Accounting profit = $450,000- 150,000 = $300,000

Accounting profit=$300,000

Note we ignore the amount she could have earned because it is an implicit cost

4 0
3 years ago
When journalizing a transaction, a short explanation is written?
Softa [21]
Here is the answer. When journalizing a transaction, and a short explanation is written, this is called a MEMORANDUM. This is <span>a form on which a brief message is written describing a transaction. Hope this answers your question. Have a great day!</span>
5 0
3 years ago
Other questions:
  • Which statement below best captures the overall point and focus of the New York Times article, Document 3?
    10·1 answer
  • Bryce co. sales are $914,000, variable costs are $498,130, and operating income is $196,000. what is the contribution margin rat
    13·1 answer
  • A company pursuing vertical integration can gain market power over its competitors through all of the following EXCEPT: a. avoid
    11·1 answer
  • According to Piaget, children in the preoperational stage are able to Group of answer choices reason abstractly and test hypothe
    12·1 answer
  • David bought a pickup truck to transport his equipment on weekend fishing trips. He also bought a trailer for his lawn maintenan
    10·1 answer
  • What is meant by saying that economics is an empirical​ science?
    9·1 answer
  • Suppose the dollar amount of the externality, per gallon of gasoline, is constant, regardless of how much gasoline is produced.
    9·1 answer
  • The expected average rate of return for a proposed investment of $4,250,000 in a fixed asset, using straight-line depreciation,
    6·1 answer
  • Why do you think<br> Relationship skills are<br> important when you own a<br> business?
    9·1 answer
  • I NEED AN ANSWER REALLY QUICK Why should I take personal finance
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!