Answer: The answer is given below
Explanation:
Information Systems are the networks of both the hardware and the software which is used by economic agents to collect, process, create and help in the distribution of data.
Information Technology (IT) flattens organizations simply means that information systems can help in the reduction of the levels in an organization through the provision of information to managers which will be used in the supervision of other emoloyees and also, lower-level employees could be given more authority relating to decision-making.
Since decision making has been pushed to lower level then fewer managers will be needed. This ensures that faster decision making are made and there's increase in the span of control.
Answer:
Explanation:
The discount rate is the interest rates on loans that the Federal Reserves makes banks. Banks occasionally borrow from the Federal Reserve when they find themselves short on reserves. A higher discount rate decreases banks' incentives to borrow reserves from the Federal Reserve, thereby reducing the quantity of reserves in the banking system and causing the money supply to fall
The federal funds rate is the interest rate that banks charge one another for short term loans. When the Federal Reserve uses open-market operations to buy government bonds, the quantity of reserves in the banking system increases, banks' demand for borrowed reserves declines , and the federal funds rate decreases.
Answer:
The question is incomplete, find complete question in the attached.
The receivables turnover for the current year is 9.02 times while average days sales in receivable is 41 days
Explanation:
The formula for computing receivables turnover ratio is given as:
Net credit sales/average accounts receivable,where average receivables is the opening plus closing receivables divided by two.
Net credit sales=$35,657
Average receivables =($3495+$4415)/2=$3955
Receivable turnover ratio=$35657/$3955
=9.02
Average days sales in receivable=number of days in the year/receivable turnover ratio
Average days sales in receivable=365/9.02
=40.47 days approx 41 days
The average days sales in receivable implies the average number of days it takes receivables to settle their accounts
Answer:
The answer is letter C, Broker.
Explanation:
In order to know whether Karen's company is a broker. It would be best to define what "Broker" is.
In business, <em>"broker" is defined as a person or a company who acts as a mediator between a buyer and a seller. As an agent, the broker gets commission in every business transaction. He can also represents himself as the buyer or the seller. At this point, he also gets a certain commission. </em>In the situation above, Karen arranges the transaction between the growers and processors of cranberries. At this point, she is acting as a seller and a buyer. She does this on behalf of the other firms. Thus, the answer is letter C, Broker.
<u>Additional Information</u>
Sales Agent- a self-employed salesperson who usually works alone. He obtains orders for companies and receives commission on those orders.
Commission Merchant- a person who buys and sells products. He receives commission for the sales price.
Sales Branch- an independent business which purchases merchandise in bulk from manufacturers. He then processes it and redistributes it to retailers.
Sales Office- this is a location that is used for the purpose of selling. It is often leased.
Answer:
The correct answers are the following options: A regional sales manager's salary is a direct cost of the regional office in which the sales manager works - A direct cost can be easily and conveniently traced to a specific cost object.
Explanation:
On the one hand, the name of <em>"direct costs"</em> is refered to the ones that would be directly related to a cost object, therefore that these costs are easily recognizable to the person who manages the costs due to the fact that those will be the ones that are strictly referable to the object.
On the other hand, the <em>"indirect costs"</em> are the ones that have the characteristics of being the oppositive of the direct costs. Therefore that these type of costs are the ones that would not be easily referable to a cost object.
