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LenaWriter [7]
4 years ago
8

If the type of departmentalization used by an organization tends to emphasize departmental units rather than the organization as

a whole and decision making is slow, then these would be weaknesses indicative of _____ departmentalization
Business
1 answer:
vekshin14 years ago
7 0
<span>This is functional departmentalization. This concept places every task in its own functional unit specific to the tasks they complete. The problem is that this tends to bog the company down in bureaucracy and slows down the overall decision-making process.</span>
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Which of the following statements correctly describes how accounting helps managers? Select one: a. Accounting provides better w
il63 [147K]

Answer:

The correct answer is letter "B": Accounting centralizes and organizes processes.

Explanation:

Managerial Accounting is internally-based accounting that helps managers measure the results of their decisions. This is in contrast to financial accounting which emphasizes in more general, higher-level financial results of the company.  

One common managerial accounting tool in determining the profit margin in each of the company's products. This information helps managers set product prices and ensure they are making appropriate profit margins.

8 0
3 years ago
The following information pertains to Crane Video Company:
Mashutka [201]

Answer:

Prepare Bank Reconciliation Statement

Balance at Bank as per Cash Book - Up to date $7,972

Less Lodgements not yet credited :                     ($1,300)

Add Unpresented Cheques                                     $591

Balance as per Bank Statement                           $7,263

Adjusting Entries

J1

Bank service charge $28 (debit)

Cash $28 (credit)

J2

Cash $700  (debit)

Note - Receivable Crane  $700 (credit)

J3

Cash  $36  (debit)

Interest Income $36 (credit)

J4

Service Fee $20 (debit)

Cash $20 (credit)

Explanation:

First Update the Cash Book as follows:

<u>Debit :</u>

Cash balance $7,284

Crane $700

Interest $36

Totals $8,020

<u>Credit:</u>

Bank service charge $28

Crane : fee $20

Balance - Up to date $7,972

Totals $8,020

Then, Prepare Bank Reconciliation Statement

Balance at Bank as per Cash Book - Up to date $7,972

Less Lodgements not yet credited :                     ($1,300)

Add Unpresented Cheques                                     $591

Balance as per Bank Statement                           $7,263

Adjusting Entries

J1

Bank service charge $28 (debit)

Cash $28 (credit)

J2

Cash $700  (debit)

Note - Receivable Crane  $700 (credit)

J3

Cash  $36  (debit)

Interest Income $36 (credit)

J4

Service Fee $20 (debit)

Cash $20 (credit)

7 0
3 years ago
A company purchased a computer system at a cost of $26,000. The estimated useful life is 8 years, and the estimated residual val
White raven [17]

Answer:

the depreciation expense for the second year is $4,875

Explanation:

The calculation of the depreciation expense for the second year is given below:

First the depreciation rate should be

= 1 ÷ 8 × 2

= 25%

Now the first year depreciation is

= $26,000 × 25%

= $6,500

Now the second year depreciation should be

= ($26,000 - $6,500) × 2

= $4,875

Hence, the depreciation expense for the second year is $4,875

8 0
3 years ago
The auditors use a bank cutoff statement to compare: Group of answer choices Checks dated subsequent to year-end to the outstand
dangina [55]

Answer:

Checks dated prior to year-end to the outstanding checks listed on the year-end bank reconciliation.

Explanation:

The bank cutoff statement is a bank statement for the client prepared at an agreed-upon interim date which is sent directly to the auditor. Usually the auditor asks the client to have the bank prepare the cutoff statement for some period 10 to 15 days after the close of the year.

By preparing a four-column bank reconciliation ("proof of cash") for the last month of the year, an auditor will generally be able to detect: An unrecorded check written at the beginning of the month which was cashed during the period covered by the reconciliation.

5 0
4 years ago
You buy a share of stock, write a 1-year call option with X = $55, and buy a 1-year put option with X = $55. Your net outlay to
mihalych1998 [28]

Answer:

0.0185 or 1.85%

Explanation:

The payoff table shows that the portfolio is riskless with time-T value equal to $55.

Position

ST < 55

ST > 55

Buy stock: ST, ST

Short call: 0, -(ST - 55)

Long put: (55 - ST), 0

Total: 55, 55

The risk-free rate is: ($55/$54) - 1 =0.0185

=1.85%

Therefore the payoff of the portfolio is $1.85%

3 0
3 years ago
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