Organizational change can best be defined as <span>any alteration of people, structure, or technology</span>.
When an organization makes a change it is known as organizational change. When changing an organization you are making a change to the way the company runs. Changing any type of structure, technology or moving around how people work can make a change to the organization.
Answer:
Option (B) is correct.
Explanation:
An import quota is defined as the restriction on the imports from the other nations. It is the direct restriction on the quantity of goods imported from the other countries. This restriction takes place to protect the domestic producers of the home nation from the foreign competition.
For example: The united states wants to import 50,000 cars from Japan but there is an import quota of 40,000 cars. So, the consumers in the United States won't be able to import remaining 10,000 cars.
Answer:
Direct material quantity variance= $20,628.3
Explanation:
Giving the following information:
Standard quantity per unit of output 5.3 pounds
Standard price $14.10 per pound
Actual materials used in production 5,650 pounds
Actual output 790 units
To calculate the direct material quantity variance, we need to use the following formula.
Direct material quantity variance= (standard quantity - actual quantity)*standard price
Direct material quantity variance= (5.3*790 - 5,650)*14.1
Direct material quantity variance= $20,628.3
Bank cash reconciliation, an internal control practice, could be useful in identifying cash embezzlement as because in order to prevent and detect fraud, bank reconciliations are a crucial internal control tool.
<h3>What is
Bank cash reconciliation?</h3>
A bank reconciliation statement compares an entity's bank account to its financial records and describes banking and commercial activity. Statements of bank reconciliation attest to the processing of payments and the depositing of cash earnings into a bank account.
Some characteristics of bank cash reconciliation are-
- By explaining the discrepancies between the cash balances in the accounting record and the bank balance position according to the bank statement, they also assist in identifying accounting and banking problems.
- The likelihood of errors in the data used to produce accounts is decreased by the bank reconciliation process, which makes sure that all transactions that have been recorded on the bank statements have been examined and verified.
- By confirming that all payments and transactions that have passed through the bank account have likewise been noted in the accounting records, bank statements also serve to assure completeness.
- Any variations are noted and explained.
All reconciling discrepancies must be noted, and any journal entries required to correct them must be recorded no later than 90 days after the reconciliation has been completed.
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Answer:
$2,630
Explanation:
First we calculate the estimated amount that would not be collected. This is 1% of Credit Sales.
148,000 x 1% = $1,480
Then we add the estimated amount with the amount written off as receivables uncollected for the Year 2. As shown below:
1,480 + 1,150 = $2,630
Hence, the amount of uncollectible accounts expense recognized in the Year 2 income statement will be $2,630.
