Answer:
Senior management, middle management and operational management.
Explanation:
Hierachy can be described as a method of structuring an organisation into various level from the top to the bottom, with each level having their defined role and authority in the organisation.
Senior management is the highest level in an organisation, they are responsible for supervising and controlling the daily activities that goes on in the company. They are known as the top decision makers.
Middle management is below the senior management, they are not responsible for decision making but are assigned to control the activities of the workers, they also help to inspire and motivate the workers inorder to increase productivity.
Operational management is directly responsible for the production of goods and services, they control the available materials which is needed to manufacture goods.
Answer:
C) $60,000
Explanation:
According to the §1231 look-back rule, any net §1231 gain of the year must be recaptured as current income to the extent of covering net §1231 losses that may have been deducted during the last 5 years.
In this case Ashburn must recapture $60,000 as ordinary income to match the $60,000 it had deducted as ordinary loss during the previous 5 years.
The company incurs net operating loss of -$15,000 having reported gross margin initially.
<h3>What is net operating income?</h3>
Net operating income is the sum total of a company's profit after subtracting its regular, recurring costs and expenses.
Net Operating income or loss is computed as :
= Total Revenue - Cost of Goods Sold - Operating Expenses
= $100,000 - $70,000 - $45,000
= -$15,000
Therefore, the net operating loss for the company is -$15,000
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Answer:
the casualty loss is $8,000
Explanation:
The computation of the casualty loss is given below:
Lower of
= Adjusted basis or decline in FMV
= $10,000 or ($18,000 - $10,000)
= $10,000 or $8,000
= $8,000
hence, the casualty loss is $8,000
The same would be considered and relevant
The other values would be ignored
It is to be noted that the demand for sandwiches and ice cream cones consumed after the price of ice cream cones rises to $2 a piece will both reduce (all things being equal).
<h3>Why would the demand for both items reduce?</h3>
The demand for both goods will both come down because they are complementary or joint demand goods.
A pair of goods are termed "joint demand" when both must or usually is consumed with the other.
Recall that (where all things are equal) demand will decrease as price increases.
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