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Genrish500 [490]
3 years ago
9

After a new company has developed a customer base, management needs to build more structure into the organization. In Greiner’s

model, the ________ will focus on accounting, and capital management will drive most business decisions.
Business
1 answer:
Colt1911 [192]3 years ago
6 0

Answer:

The correct word for the blank space is: Phase 2 - Direction.

Explanation:

American Professor Larry Greiner (born in 1933) proposed his Growth Cycle model to explain the process businesses go through at the moment of conducting its operations. According to Greiner, the process faced five (5) stages: <em>Creativity, Direction, Delegation, Coordination, </em>and <em>Collaboration</em>,

In phase 2 - Direction, executives establish the organizational structure of the firm focusing on accounting and capital management at the moment of making decisions. Management is centralized.

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When collective decision making is utilized to resolve economic questions regarding the allocation of resources,
Nataly [62]

When collective decision making is utilized to resolve economic questions regarding the allocation of resources, the role of markets will be replaced by political decision making.

What is a collective decision?

When two or more individuals analyze, choose, or use a good or service, collective decision-making is taking place. Members participate in the decision-making process in both families and organizations in a variety of ways.

How do economists solve the problem of scarce resources?

The government decides what to produce and allocates the resources according to its decisions. Another method the governments use to solve the problem of scarcity is by raising prices, but they must make sure that even the poorest consumers can afford to buy it.

Learn more about scarcity of resources: brainly.com/question/17766279

#SPJ4

6 0
2 years ago
sells authentic Amish quilts on her website. Suppose Sally expects to sell 1 comma 800 quilts during the coming year. Her averag
Serjik [45]

Answer:

1) Operating Leverage Factor = Contribution margin / net income

                                                = $360,000 / $225,000

                                                = 1.6

2 ) % change in Net income = 1.6 *15%

                                              =24%

PROOF  

Income Statement                              1,800 units            2,070 units

Sales                                                 $630,000               $724,500

Variable cost                                   -$270,000              -$310,500

Contribution                                     $360,000               $414,000

Fixed Cost                                       -$135,000               -$135,000

Net Income                                       $225,000               $279,000

change = 279,000 - 225,000 = $54,000

% Change = $54,000 / $225,000

                 = 0.24 *100 = 24%

Explanation:

1) Income Statement    

Sales (1,800 *$350)                                                     $630,000

Variable Cost (1,800*$150)                                        -$270,000

Contribution                                                                $360,000

Fixed Cost                                                                 -$135,000

Net Income                                                                 $225,000

3 0
2 years ago
Read 2 more answers
Cullumber Company is constructing a building. Construction began on February 1 and was completed on December 31. Expenditures we
dimulka [17.4K]

Answer: $2,410,000

Explanation:

Date: March 1st

Expenditure: $2,052,000

Capitalization period: 10/12 months

Weighted Average Accumulated Expenditure: $1,710,000

Date: June 1st

Expenditure: $1,200,000

Capitalization period: 7/12 months

Weighted Average Accumulated Expenditure: $700,000

Date: December 31st

Expenditure: $3,072,650

Capitalization period: 0

Weighted Average Accumulated Expenditure: $0

The Weighted Average Accumulated Expenditure will now be:

= $1,710,000 + $700,000 + $0

= $2,410,000

Note that Weighted Average Accumulated Expenditure for each date was gotten as:

= Expenditure × Capitalization period

8 0
3 years ago
Your father is 50 years old and will retire in 10 years. He expects to live for 25 years after he retires, until he is 85. He wa
Hunter-Best [27]

Answer:

It will need  $ 107,120.321 dolalr per year to achieve his retirement goal

Explanation:

We first must calcualte the prsent value of the 25 payments with equal worth of 60,000 dollar of today.

First we move the 60,000 forward 10 years

Principal \: (1+ r)^{time} = Amount

Principal 60,000.00

time 10.00

rate 0.05000

60000 \: (1+ 0.05)^{10} = Amount

Amount 97,733.68

Now, we calculate the present value of an annuity considering this 5% inflation

C_0 \times \frac{(1+r)^n-(1+g)^n}{r-g}  = PV

g 0.05

r 0.08

C 97,734

n 25

$ 1,778,492.341

Then, decrease this by the amounnt already saved by our father:

Principal \: (1+ r)^{time} = Amount

Principal 105,000.00

time 10.00

rate 0.08000

105000 \: (1+ 0.08)^{10} = Amount

Amount 226,687.12

Additional saving needed:

1,778.492-34 - 226,687.12 = 1.551.805,22

Now, we solve the annual saving to achieve this future value:

PV \div \frac{(1+r)^{time} -1}{rate} = C\\

PV 1,551,805.22

time 10

rate 0.08

1551805.22 \div \frac{(1+0.08)^{10} -1}{0.08} = C\\

C  $ 107,120.321

‬

6 0
3 years ago
This is a partial adjusted trial balance of Pharoah Company. PHAROAH COMPANY Adjusted Trial Balance January 31, 2022 Debit Credi
Lelechka [254]

Answer and Explanation:

The closing entries are shown below:

1.  Service revenue $4,350

              To Income summary 4,350

(Being the closing of service revenue is recorded)

For recording this we debited the sales revenue as it has normal credit balance so to close it we debited it and credited the income summary

2. Income summary $3,180

        To Supplies Expense  $870

         To Insurance Expense $540

         To Salaries and Wages Expense $1,770

(Being the closing of all expenses is recorded)

For recording this we debited the income summary and credited all expenses as it has normal debit balance so to close it we credited it

3. Income summary $1,170                 ($4,350 - $3,180)

          To Retained earnings $1,170

(Being the net income or loss is closed)

Since the revenue is more than the expenses so it would leads to net income and for recording this we debited the income summary and credited the retained earning so that the closing of the net income is recorded

7 0
2 years ago
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