A matrix structure is an organizational structure that assigns specialists from different functional departments to work on one or more projects.
<h3>
What is a matrix?</h3>
- Teams in a matrix organization report to several leaders inside the business.
- The matrix structure promotes open communication between teams and can assist businesses in producing more creative goods and services.
<h3>What is an organizational structure?</h3>
- An organizational structure outlines how tasks are assigned, coordinated, and overseen in order to achieve organizational objectives.
- The basis upon which standard operating procedures and routines are built is provided by organizational structure.
- It decides who gets to take part in what decision-making procedures and how much their opinions influence the organization's activities.
- The lens or perspective that people use to perceive their organization and its surroundings is known as the organizational structure.
Therefore, a matrix structure is an organizational structure that assigns specialists from different functional departments to work on one or more projects.
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Answer:
See explanation section
Explanation:
1. Debit Cash $17,000
Credit Service revenue (music) $17,000
<em>Note: The academy receives cash by providing music services to the students.</em>
2. Debit Prepaid Insurance $4,200
Credit Cash $4,200
<em>Note: The academy paid cash in advance to purchase insurance policy.</em>
3. Debit Musical Equipment $20,000
Credit Cash $20,000
<em>Note: The academy paid cash for acquiring musical equipment.</em>
4. Debit Cash $30,000
Credit Notes payable $30,000
<em>Note: The academy borrowed cash by signing a notes from the bank.</em>
Answer:
Present value (PV) = $100,000
Number of years (n) = 12 years
Future value (FV) = $240,000
FV = PV(1 + r)n
$240,000 = $100,000(1 + r)12
<u>$240,000</u> = (1 + r)12
$100,000
2.4 = (1 + r)12
12√2.4 = 1 + r
1.0757 - 1 = r
0.0757 = r
r = 0.0757 = 7.57% = 8%
Explanation:
In this case, we need to apply the formula for future value of a lump sum (single investment). The present value, future value and number of years have been provided in the question with the exception of interest rate. Thus, interest rate becomes the subject of the formula,which implies that we will solve for interest rate.
Answer:
$19.95
Explanation:
Breakeven is where when total Cost = Total Revenue,
Let Selling Price = X
Total Revenue = Total cost
X*800 = 10,600+6.70*800
800x = 15960
Hence, selling Price(X) = 15960/800 = $ 19.95
<u>Solution and Explanation:</u>
The following is used in order to calculate the internal rate of return
year Cash flow
0 -$152000
1 $71800
2 $86900
3 -$11200
Internal rate of return -2.07 percent ( the internal rate of return has been calculated by using the excel sheet)
The IRR rule cannot be applied in this case. Since, the cash flow direction changes twice, there are two internal rate of return. Thus, the Internal rate of return cannot be used to determine acceptance or the rejection.
