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KengaRu [80]
3 years ago
11

The senior management of BonusOne Bank formulates a new set of strategic plans for the next financial year and conveys it to the

middle management. The middle management, in turn, conveys the same to their respective subordinates. In the context of communication channels, the given scenario illustrates _____.
Business
1 answer:
Brrunno [24]3 years ago
4 0

Complete Question:

The senior management of BonusOne Bank formulates a new set of strategic plans for the next financial year and conveys it to the middle management. The middle management, in turn, conveys the same to their respective subordinates. In the context of communication channels, the given scenario illustrates?

Group of answer choices

A) downward communication

B) upward communication

C) horizontal communication

D) informal communication

Answer:

A) downward communication.

Explanation:

In this scenario, the senior management of BonusOne Bank formulates a new set of strategic plans for the next financial year and conveys it to the middle management. The middle management, in turn, conveys the same to their respective subordinates. In the context of communication channels, the given scenario illustrates a downward communication.

A downward communication can be defined as the formal flow of information and messages within an organizational hierarchy; which is mainly from a higher level (senior management) of an organization to a lower level (middle management) and lastly, to the least (subordinates).

<em>When downward communication are effectively and properly used in an organization, it helps them to achieve their aims, goals and objectives successfully. </em>

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Answer:

Lexington Company

The amount of total assets on Lexington's balance sheet at the end of Year 1 was:

$5,860

Explanation:

a) Data and Calculations:

Cash from issue of common stock = $3,200

Cash from bank loan =                         2,300

Cash from revenue =                           3,200

Cash for expenses =                          (2,420)

Cash for dividends paid =                     (420)

Total assets =                                    $5,860

b) We can verify the total assets above by computing the liabilities and equity, which should be equal to the total assets according to the accounting equation.  The liabilities = $2,300 (bank loan).  The equity = common stock plus retained earnings ($3,200 + $3,200 - $2,420 - $420), which = $3,560.  The total of liabilities and equity = $5,860 ($2,300 + $3,560).  Therefore, assets = liabilities + equity ($5,860 = ($2,300 + $3,560).

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3 years ago
Fireworks, Inc., had an explosion in its plant that destroyed most of its inventory. Its records show that beginning inventory w
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Answer:

$15,000

Explanation:

The computation is given below:

The goods available for sale is

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= $520,000

And the sales is $620,000

So, the gross profit

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= $155,000

So, the cost of goods sold is

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= $620,000 - $155,000

= $465,000

Now the ending inventory is

= $520,000 - $465,000

= $55,000

And, the reimbursement amount is

= ($55,000 - $5,000) × 70%

= $35,000

So, the loss from the explosion is

= $55,000 - $5,000 - $35,000

= $15,000

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3 years ago
The Canon Corporation sells ten copiers to the Title Company on October 15 for $40,000. Canon delivers the copiers to Title on O
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Answer:

$0

Explanation:

In this method, the transaction reporting will be performed on an accrual basis which means whether or not the payment is paid but it is reported in the account books.

Once the expenditure is incurred or the revenues is earned the same is to be recorded in the books of accounts whether cash paid or not and in case of revenues whether cash received or not

In the given case, the Canon corporation sells on October 15 so it would be recorded on October itself .

Therefore, no revenue would be recognized on the month of November

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3 years ago
Mi familia y yo fuimo al cine y noscoperamo papra la entrada que fue $245 si mi hermana dio 1/5 del total mientras yo di 4/10 y
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Answer: (55 x 30) + 245 = 1895

Explanation:

translation from spanish to english: My family and I went to the movies and we collected for the entrance that was $ 245 if my sister gave 1/5 of the total while I gave 4/10 and my father gave the rest how much money each one contributed.

Spanish:

la parte superior es la respuesta, espero que esté bien.

english:

the top is the answer, hope it was right.

7 0
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Exercise 13-07 Nordstrom, Inc. operates department stores in numerous states. Suppose selected financial statement data (in mill
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Answer:

See below

Explanation:

Data given

Cash and cash equivalents $760 $77

Accounts receivables net $2,080 $1,890

Inventory $830 $810

Other current assets $440 $433

Total current assets $4,110 $3,210

Total current liabilities $2,100 $1,590

Net credit sales $8,258

Cost of goods sold $5,328

1. Current ratio = Current assets/Current liabilities

= 4,110/2,100

= 1.96

2. Accounts receivable turnover = Credit sales/Average accounts receivables

= 8,258÷ [(2,080+1,890)/2]

= 8,258 ÷ 1,985

= 4.16 times

3. Average collection period = Average accounts receivables/Credit sales × 365 days

= (1,985/8,258) × 365

= 87.7 days

4. Inventory turnover = Cost of goods sold/Average inventory

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= 5,328/820

= 6.5 times

5. Days in inventory = Average inventory/Cost of goods sold × 365

= (820/5,328) × 365

= 56.2 days

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3 years ago
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