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3 years ago

Which example demonstrates a core responsibility of an organization’s finance function?

1 answer:

3 0

The core responsibilities of an organization finance function is: <span>C)monitoring and maintaining records of expenditures
The finance department of a company exists to ensure that company has enough budget to continue their operation and achieve their goal, and they did that by ensuring that all cash outflow that exist in the company does not exceed company's budget.
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Bed & Bath, a retailing company, has two departments: Hardware and Linens.

LUCKY_DIMON [66]

Answer:

Net Operating Income will decrease by $503,080.

Explanation:

Sales of Hardware after 12% decrease will be $3,100,000 * 88% (100 - 12) = $2,728,000

Variable Expenses of Hardware after 12% decrease 891,000 * 88% (100 - 12) = $784,080

Net Operating Income of Hardware after 12% decrease = $623,920

The sunk cost for Linens fixed cost will be deducted to find the total of net operating income

$623,920 - $375,000 = $248,920

$248,920 is the net operating income after dropping Linens

The increase or decrease is calculated by finding the difference between current and old total net operating income

$248,920 - $752,000 = $503,080

3 0

3 years ago

Mr A is unemployed but he decides to move out the labor market to stay at home and enjoy the rest of his life by inheritance. Ot

Dvinal [7]

Answer:

False

Explanation:

In general, the unemployment rate in the United States is obtained by dividing the number of unemployed persons by the number of persons in the labor force (employed or unemployed) and multiplying that figure by 100.

https://www.britannica.com › story

la·bor force

all the members of a particular organization or population who are able to work, viewed collectively.

"a firm with a labor force of one hundred people"

Dictionary

Definitions from Oxford Languages

6 0

3 years ago

When her company's dry goods deliveries were late for the third time, Melissa withheld payment from her supplier until it was ba

insens350 [35]

Complete/Correct Question:

When the company's dry goods deliveries were late for the third time, Melissa withheld payment from her supplier until it was back on schedule. This is an example of ________ power.

a. reward

b. referent

c. legitimate

d. coercive

e. Expertise

Answer:

D, coercive

Explanation:

Coercive power is the ability of a manager to be able to make an employee/subordinate follow orders by the use of force.

In the above question, Melissa withholds payment after her order of dry goods came in late a third time.

Withholding payment forced the supplier to return to the scheduled arrangement of delivery.

Cheers.

4 0

3 years ago

What is most likely a consequence of paying most or all of a salesperson's compensation in the form of commissions?

Aleksandr-060686 [28]

A consequence of paying most or all of a salesperson's compensation in the form of commissions is It encourages the salesperson to focus on closing the sale.

A sales commission is a payment made to an employee after they successfully complete a task, typically selling a predetermined volume of goods or services. Sales commissions are a common incentive used by employers to boost employee productivity. A commission can be paid instead of or in addition to a salary.

A commission is a fee a broker or investment advisor charges for handling a client's purchases and sells of securities or for offering financial advice.

Learn more about commissions here

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6 0

2 years ago

Budgeted sales in Acer Corporation over the next four months are given below: September October November December Budgeted sales

katovenus [111]

Answer:

c. $161,400

Explanation:

The computation of the cash collections for December month is shown below:

Cash sales

= $160,000 × 30%

= $48,000

Credit sales

For same month = $160,000 × 50% × 70% = $56,000

For one month = $180,000 × 30% × 70% = $37,800

For second month = $140,000 × 20% × 70% = $19,600

So, the total cash collections is

= $48,000 + $56,000 + $37,800 + $19,600

= $161,400

4 0

4 years ago