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vovikov84 [41]
2 years ago
7

Keithomp, a company that manufactures and exports candies, sells different flavors of candy depending on the taste preferences o

f the country that it supplies to. Each country has a dedicated manufacturing facility that functions as a separate department. In this scenario, which of the following organizational structures does Keithomp most likely follow?
A) Functional departmentalization
B) Geographic departmentalization
C) Customer departmentalization
D) Product departmentalization
Business
1 answer:
Ilya [14]2 years ago
3 0

Answer:

B) Geographic departmentalization

Explanation:

Geographic departmentalization is when departments are created based on different countries, states or regions the company serves.

Functional departmentalization is when departments are created based on functions e.g. accounting department, hr department

Customer departmentalization is when departments are created based on different groups of customers the company serves.

Product departmentalization exists in a company that produces multiple products. Each department is created based on each product.

I hope my answer helps you

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Pizza Express Inc. began the Year 2 accounting period with $2,500 cash, $1,400 of common stock, and $1,100 of retained earnings.
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Answer:

a) I used an excel spreadsheet since there is not enough room here.

b) Net income = $8,950

Cash flows form operating activities =

Net income                                             $8,950

Adjustments to net income:

  • Increase in account payable       <u>    $250</u>

Net cash from operating activities        $9,850

Net income is lower because a company must record revenues and expenses when they happen, not when they are associated with cash flows. This is why a company that makes all credit sales might have a large profit, but a small amount of cash (the opposite of this situation).

Download pdf
5 0
3 years ago
Your friend fills out their first tax form and is confused between adjusted and gross income. How can you explain the difference
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<span>Annual gross income is the amount of money you make BEFORE taxes. Your adjusted gross income is how much money you make before taxes, MINUS anything you can deduct. You can deduct many things, like student loan interest payments and alimony. So, you would have an adjustment if you paid for student loans this year. If your gross income (not adjusted) is $20,000 and you paid $1000 on student loan interest, your adjusted gross income is $19000. The IRS will then see your income as only $19000 instead of $20,000 and will tax you on that lower amount.</span>
8 0
3 years ago
On February 1, 2020, Bonita Industries factored receivables with a carrying amount of $645000 to Sandhill Co.. Sandhill Co. asse
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Answer:

$19,350

Explanation:

The finance charge is 3%. If the 5% retention is a non-refundable security, then the total loss would be 8% (3%+5%).

The nature of the retention is not given, so it is considered that it is refundable, then the total loss would be $19,350 ($645,000*3%).

Thus, the total loss to be reported is $19,350

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3 years ago
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a. The amount that will go to the preferred stockholders is $400,000.

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Total preferred dividend to be paid this year = $400,000

Thus, the Preferred Stockholders will be paid $400,000 ($200,000 for last year and $200,000 for this year).

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