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saul85 [17]
3 years ago
10

Andermeyer Jewelers, which specializes in high-end jewelry, has been in existence since the 1870s and has served generations of

wealthy families. Owned and managed by the Andermeyer family since its founding, it has never had more than 20 designers and jewelers in its shop. Andermeyer Jewelers should use the ____ structure.
(A) simple
(B) functional
(C) matrix
(D) network
Business
1 answer:
TiliK225 [7]3 years ago
6 0

Answer:

A is the correct answer

Explanation:

Most small businesses use a simple organizational structure. In this, decision making is centralized with the owner. It doesn't have any formal departments and layers. There are both advantages and disadvantages of running the company with this structure. It enables the owner to keep tight control over the company's operation. No decisions can be made without the owner's approval and the owners of aware of every decision made. These companies make decisions quickly as there are no layers of management where the request needs to climb before approval.

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What are the kinds of purchases for which you’ll "spare no expense"? What kinds of purchases do you want to buy spending as litt
Maurinko [17]

Answer:

"Spare no Expense" Purchases

When purchasing long-term items (assets) which cannot be consumed within a short-term period, one tends to "spare no expense."  These purchases are dictated by their quality and not price.  For example, in constructing a building an individual or an entity does not consider the price as a deciding factor.  Instead, the entity goes for the best quality at whatever price.  In such a situation, it can be described as "sparing no expense" because it can spend as possible as is needed to ensure that the quality of the construction was of the highest standard.  A wealthy man does not spare any expense to receive medical treatment.  Vacationists spare no expense to go on vacation

These purchases or items come with high prices and they last longer than a year.

On the other hand, one does not want to spend much resources on goods that are not durable.  So, the person involved tend to spend as little as possible.  No one wants to buy expensive food items.  But, the same person can pay for an exorbitant car.  No one wants to expend much resources on inner wears, but the same person can spend thousand for the outer wears, to put up appearances.

Ostentatious goods that convey image attract higher prices much more than private goods that others co not care whether you use them or not.  This accords with our human natural way of believing in appearances.

The major factors that differentiate between these two categories that drive our attitude regarding price include:

a) Scarcity, b) Longevity, c) Quality, d) Price, e) Durability, f) Ostentation

Explanation:

The expression "spare no expense" means to spend as much financial resources as needed in order to make something happen or bring about an outcome.

3 0
4 years ago
If Net Sales at​ Sassy's Sweet Factory increased from​ $37,000 to​ $58,000 and its cost of goods sold increased from​ $17,000 to
solong [7]

Answer:

The vertical analysis based on net sales would show 45.94% and 74.13% for cost of goods​ sold.

Explanation:

Vertical Analysis: The vertical analysis does the analysis of the financial statements which is based on the sales value.

In mathematically,

Vertical Analysis = Financial Statement item ÷ sales value × 100

So,

For the cost of good sold. the vertical analysis would be:

For the Latest amount of cost of good sold:

= Latest amount of cost of goods sold ÷ Latest sales value × 100

= $17,000 ÷ $37,000 × 100

= 45.94%

For the updated amount of cost of goods sold:

= updated amount of cost of goods sold ÷ updated sales value × 100

= $43,000 ÷ $58,000 × 100

= 74.13%

Hence, the vertical analysis based on net sales would show 45.94% and 74.13% for the cost of goods​ sold.

6 0
3 years ago
The sarbanes-oxley act created the _____ to oversee the accounting firms that audit public corporations and to establish rules a
krek1111 [17]
The answer would be the option A.

Hope this helps !

Photon
5 0
3 years ago
Social media (linkedin, facebook), used by 98% of recruiters, make finding employees more efficient. this is an example of a(n)
Rina8888 [55]
<span>Social media (linkedin, facebook), used by 98% of recruiters, make finding employees more efficient. This is an example of a technological advancement or force.

Because the employees are using online resources and being more efficient because of them, this is a way that the company is using technology to streamline their communication. By streamlining they are becoming advanced with technology and using it to benefit the company in the long run.</span>
5 0
3 years ago
Tim Dye, the CFO of Blackwell Automotive, Inc., is putting together this year's financial statements. He has gathered the follow
never [62]

Answer:

210,421 Long-Term Liabilities

Explanation:

We are going to use the accounting equation to solve for long term liabilities

Assets = Equity + Liabilities\\Liablities = short\: term + long\: term

Total Assets

cash 23,015

Account Receivables 141,258

Inventory 213,000

other current assets 11,223

PPE 714,100

goodwill and other assets 78,656

Total Assets 1,181,252

common stock  311,300

retained earnings 512,159

Total equity 823,459

We use he accounting equation to get total liabilities:

1,181,252 - 823,459 = 357,793 Total Liabilities

Now we calcualte the short-term debt

126,257 Account Payable

21,115 short-term Note Payable

Total Current Liabilities  147,372

And with this, the diference between short-term adn total liabilities is the long-term liabilities

357,793 - 147,372 = 210,421 Long-Term Liabilities

7 0
3 years ago
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