Answer: Functional organization
Explanation:
A functional organization is a type of organizational structure whereby the organization is grouped into smaller groups that is based on the specialized functional areas, like IT, sales, operations, finance, or marketing.
A functional organizational structure is used to organize workers and they are divided based on their knowledge and specific skills. Each employee is attached to a specific department where it is believed that the employee will perform better and more effectively.
Answer:
The correct option is (B) $365,530.
Explanation:
In this problem we need to determine the future value, i.e. the amount at the retirement age.
The formula to commute the future value is:
![\\ FV=A[\frac{(1+r)^{n}-1}{r}]](https://tex.z-dn.net/?f=%5C%5C%20FV%3DA%5B%5Cfrac%7B%281%2Br%29%5E%7Bn%7D-1%7D%7Br%7D%5D)
Here,
A = annual investment = $5,000
r = interest rate = 8%
n = number of periods = 25
The future value is:
![\\ FV=A[\frac{(1+r)^{n}-1}{r}]\\=5000\times[\frac{(1+0.08)^{25}-1}{0.08}]\\=365529.699\\\approx365530](https://tex.z-dn.net/?f=%5C%5C%20FV%3DA%5B%5Cfrac%7B%281%2Br%29%5E%7Bn%7D-1%7D%7Br%7D%5D%5C%5C%3D5000%5Ctimes%5B%5Cfrac%7B%281%2B0.08%29%5E%7B25%7D-1%7D%7B0.08%7D%5D%5C%5C%3D365529.699%5C%5C%5Capprox365530)
Thus, the amount of money the engineer will have in the account at retirement is $365,530.
Answer:
The journal entry to record the sale :
Debit : Note Receivable $120000
Credit : Sales Revenue $120000
Explanation:
The journal entry to record the sale includes a Debit entry of a Note Receivable at the amount owed by the customer since there was no immediate payment of cash and a Credit entry of Sales Revenue to recognize Income earned.
Answer:
because of the product and the correct one is the one of the product is not working properly
Answer:
15.01%
Explanation:
The computation of the return on equity is shown below:
Return on equity = Net income ÷ Equity at the end of 2010 × 100
where,
Net income is $539
And, the equity at the end of 2010 is
= Common Stock + Retained Earnings
= $2,890 + $700
= $3,590
So, the return on equity is
= $539 ÷ $3,590 × 100
= 15.01%
We simply applied the above formula to determine the return on equity
