The federal government is considered a bureaucracy primarily because it is a complex system of organisation which functions based on some specific established principles.
<span>The Federal Reserve System, the central bank
of the United States, conducts the nation's monetary policy, supervises
and regulates banks, and provides a variety of financial services to
the U.S. government and to the nation's banks. The Federal Reserve System is supervised by the Board of Governors.
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Answer:
d) manage inventory prior to items reaching the sales floor
Explanation:
RFID (Radio Frequency Identification) systems transferred inventory management as pioneers in automatic identification. Prior RFID, the warehouse workers had to manually check items through barcodes. Therefore, RFID transformed the whole inventory segment.
Afterward came the other applications of RFID.
Answer:
The effect of this error on 2003 ending working capital is that it overstated the ending 2003 working capital.
The error does not have effect on the 2004 ending retained earnings balance.
Explanation:
Let the amount of the commission expense be xxxx.
At the end of 2003, the journal entries should have been as follows:
Debit Commission expense for xxxx
Credie Commission payable for xxxx
Also, we have:
Working capital = Current assets – Current liabilities ………… (1)
From equation (1), current liabilities are understated because commission payable which was not recorded is an item under current liabilities. Since the current liabilities are understated, that indicates that the working capital in equation is overstated. Therefore, the effect of this error on 2003 ending working capital is that it overstated the ending 2003 working capital.
When the 2003 commission expense in the entries above was paid in 2004, it would have been recognized as an expense. This made the error to counterbalance. This implies that the 2004 ending retained earnings balance is still correct despite that there are errors in the earnings of the two years. Therefore, the error does not have effect on the 2004 ending retained earnings balance.
Answer:
Umbrella branding
Explanation:
A branding strategy in which a firm uses the same brand for all or most of its products is called UMBRELLA branding.
Umbrella branding occurs when all or most of a firm's product mix features the same brand name. It is also known as family branding.
Umbrella Branding depends on a single brand name for the sale of multiple related products. The parent brand acts as an umbrella accommodating numerous products under its name.
