Answer: centralization
Explanation:
When the decisions of a company are very risky and low-level managers lack decision-making skills, the company will tend to centralize.
Centralization is simply when an organizational activities especially those that has to do with decision making, planning, framing policies and strategies are all concentrated in a particular location group.
Answer:
Explanation:
The journal entry is shown below:
Work in process A/c - shaping department Dr $35,000
Work in process A/c - packaging department Dr $25,000
To Manufacturing overhead A/c $60,000
(Being apply overhead to the manufacturing departments is recorded)
The computation is shown below:
For shaping department
= 3,500 machine hours × $10 per machine hour
= $35,000
For Packaging department
= 2,500 machine hours × $10 per machine hour
= $25,000
An installment payment is equal payments every month, meaning it is the correct answer. (B)
Answer: False
Explanation: Patents, copyrights ans technology are intangible assets, that is, those assets that do not have any physical existence, and these assets must be included in the balance sheet of the company whether they are superior to those of the competition or not.
Hence, from the above explanation we can conclude that the given statement is incorrect.
Answer:
C
Explanation:
A. Substantial number of accounts does not specify if these are large or small amounts, and large amounts would need to have a positive confirmation.
B. If these risks are high, there needs to be postivie confirmation from the clients of the company since there is high risk involved.
D. If the clients are not going to give them consideration, and the point of a negative confirmation is that it is a valid receivable, there is no way of knowing if they didn't reply if its correct or if they just didn't reply.
