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3 years ago

Organizations are often divided into units or departments. Which of these is NOT a common way to organize a company?

Business

1 answer:

Dafna1 [17]3 years ago

7 0

Answer: By employee compensation

Explanation:

In an organization, it should be noted that an organization can be grouped based on the roles performed e.g in an organization, you can find he employees that are related to accounting of the company in the account department, employees involved in sales in the sales department etc.

Employee can also be grouped based on the product sold or based on customers but employees can't be grouped based on employee compensation. Employee compensation is the compensation that an employee gets for working for a particular company.

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What are bonds? What are their features and how are they traded?

Vlad1618 [11]

Answer:

Explanation:

a) A bond is simply a type of loan. Investors lend a company money when they buy its bonds. In exchange, the company pays an interest “coupon” (the annual interest rate paid on a bond, expressed as a percentage of face value) at predetermined intervals (usually annually or semiannually) and returns the principal on the maturity date, ending the loan.

b) Owning stocks means you're also a company owner.

When you buy stocks (shares ), you're buying a share of the company's assets and its profits. In fact (and in law), you're a part owner of the company. It gives you a right to own the Company in the proportion of money you invested. Such stocks are also traded on stock exchange if it is a listed company.

The annual rate of return is calculated by taking the amount of money gained or lost at the end of the year and dividing it by the initial investment at the beginning of the year. E.g you invested $100. you earned $20 in one year. So annual rate of return will be 20/100= 20%.

d) Total amount gained is $5 (105-100). Amount invested was $100. So return is 5/100 = 5%.

e) Total amount gained is $7. That is 5 (105-100) plus 2 (dividend). Amount invested was $100. So return is 7/100 = 7%.

3 0

3 years ago

Select the correct option(s):

svetlana [45]

Answer: a. The common-size balance sheet allow for comparison of firms with different levels of total assets by introducing a common denominator.

Explanation: The common-size balance sheets are those balance sheets in which the structure of each part of the assets, liabilities and equity major categories are detailed, each one with their absolute value (the amount) and their relative value (percentage of the total).

For example, assets are 5 million dollars, capital 3 million and liabilities 2 million. Cash is 1 million. So in the common-size balance sheet you will see Cash (or liquidity) for 1 million dollars and 20%.

This way you can compare two or more firms with different ammount of assets (one with 8 million with one of just 1 million, for example) as indicating which is the percentage of liquidity for each one, or their percetage of liabilities, etc. The relative value, which is made in the common-size balance sheets makes this comparisson possible.

6 0

4 years ago

Sosa Company reported net income of $190,000 for 2017. Sosa Company also reported depreciation expense of $35,000 and a loss of

mart [117]

Answer:

$228,000

Explanation:

Preparation of the operating activities section of the statement of cash flows for 2017 for Sosa Company

Sosa Company operating activities section of the statement of cash flows for 2017

Net income $190,000

Add:Depreciation expenses $35,000

Loss on disposal of plant assets $5,000

Increase in accounts payable $17,000

Less: Increase in accounts receivable($15,000)

Increase in prepaid expenses ($4,000)

Net cash flow of the operating activities $228,000

Therefore the operating activities section of the statement of cash flows for 2017 for Sosa Company will be $228,000

7 0

3 years ago

Pension data for Goldman Company included the following for the current calendar year: Service cost $ 100,000 PBO, January 1 750

kirill [66]

Answer:

$88,000

Explanation:

The computation of the pension expense for the year is shown below:

Service Cost $100,000

Add: Interest Cost $60,000 ($750,000 × 8%)

Add: Amortization of prior service cost $6,000

Add: Amortization of net loss $2,000

Less Expected return on plan assets $80,000 ($800,000 × 10%)

Pension Expense $88,000

We simply deduct the expected return on plant assets and the other values would be added to the service cost so that the pension expense could come

8 0

3 years ago

PB10-2 Recording and Reporting Current Liabilities with Evaluation of Effects on the Debt-to-Assets Ratio [LO 10-2, LO 10-5] Tig

Kipish [7]

Complete Question:

PB10-2 Recording and Reporting Current Liabilities with Evaluation of Effects on the Debt-to-Assets Ratio [LO 10-2, LO 10-5]

Tiger Company completed the following transactions. The annual accounting period ends December 31.

Jan. 3 Purchased merchandise on account at a cost of $24,000. (Assume a perpetual inventory system.) Jan.

27 Paid for the January 3 purchase.

Apr. 1 Received $80,000 from Atlantic Bank after signing a 12-month, 5 percent promissory note.

June 13 Purchased merchandise on account at a cost of $8,000.

July 25 Paid for the June 13 purchase.

July 31 Rented out a small office in a building owned by Tiger Company and collected eight months’ rent in advance amounting to $8,000.

Dec. 31 Determined wages of $12,000 were earned but not yet paid on December 31 (Ignore payroll taxes).

Dec. 31 Adjusted the accounts at year-end, relating to interest.

Dec. 31 Adjusted the accounts at year-end, relating to rent.

Required:

1. & 2. Prepare journal entries for each of the transactions through August 1 and any adjusting entries required on December 31.

3. Show how all of the liabilities arising from these items are reported on the balance sheet at December 31.

Answer:

Prepared journal Entries for Questions 1, 2 and 3 are attached as images in this order

1 Journal Entry Worksheet 1 (image 1)

2 Journal Entry Worksheet 1 (image 2)

3 Journal Entry Balance sheet 1 (image 3)

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3 years ago