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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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Jasper Company provided the following information for last year:
sdas [7]

Answer:                        

Explanation:

1.                                     Jasper Company

                                      Income Statement

                                                                                         

            Sales (280000 x $12)                                  $3360000

            <u>Less: Cost of goods sold</u>

            Add: Direct Material                   $180000

            Add: Direct Labor                       $505000

            Add: Manufacturing Overhead  <u>$110000</u>

            Cost of goods sold                                      <u>($795000)</u>

            Gross Profit                                                  $ 2565000

           <u>Less: Expenses</u>

           Selling expense                           $437000

           Administrative expense              <u>$854000</u>

          Total expenses                                               <u>($1291000)</u>

          Net income                                                     <u> $1274000</u>

Percentage of sales for each line item

Sales = 100%

Cost of goods sold: \frac{795000}{3360000} x 100= 23.7%

Selling expense : \frac{437000}{3360000} x 100 = 13%

Administrative expense: \frac{854000}{3360000} x 100 = 25.4 %

2. According to the income statement in requirement 1, the manager can control cost by outsourcing the product if it is cheaper to get it from a third party in order to cut/control cost of goods sold.

Manager can also try controlling the administrative expenses as they are taking a bigger proportion than any other cost/ expense.

7 0
3 years ago
Assume the world market for oil is competitive and that the marginal cost of producing another barrel of oil is $79.40 and the m
Alona [7]

Answer:

b. Increase by $2.20

Explanation:

Economic Surplus is the total benefit to society from production.

If an additional unit is produced the additional cost will be $79.40 and it will the additional benefit of $81.60.

So the surplus = benefit - cost = $81.60 - $79.40 = $.2.20

They are marginal quantities (change made by additional unit) so everything has been taken into account for the deriving of change to surplus.

3 0
3 years ago
Which of the following is NOT a requirement for using the transportation​ model? A. the capacity or supply per period at each or
rjkz [21]

Answer:

a supply per period of each orgin point

4 0
3 years ago
What is goodwill in a business sale and why is it amortized in the business financial statements
astra-53 [7]

Answer:

See below

Explanation:

Goodwill arises when is a business is acquired as a going concern. It is an intangible asset of a business. Goodwill represents the value of a company's customer base, its location, any patents, and the brand name. It consists of the value of suppliers, customers, and employee relationships that facilitates the smooth running of the business.

The value of goodwill is the difference between the purchase price and the net cost of its tangible and other intangible assets of a business. Amortization of goodwill means spreading the cost of goodwill to several financial years.

Goodwill is amortized because the business benefits from the goodwill for many years.  In other words, the expenditure on goodwill will profit the company in more than one financial year. As per the matching principle, expenses and incomes should be recognized in the period they occur. As benefits will be enjoyed in many years, the expenses should also be spread in similar years.

7 0
3 years ago
Leslie hypothesizes that teenagers who read magazines develop low self-esteem because of the unrealistic expectations set by the
alexdok [17]
<span>group that has unrealistic expectations and therefore the group with the lowest self-esteem on the confidence scale administered by Leslie</span>
6 0
3 years ago
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