Answer:
c. Decentralized
Explanation:
The very definition of a decentrilized organization is one in which management spreads authority. This means that important decisions do not only fall within the jurisdiction of top-management, but can also be taken by middle or lower management, and in some cases, even non-managerial workers.
This can help make the day-to-day operation of the firm easier because there are less bottlenecks, or authority conflicts.
Answer :
Number board feet of lumber = 54,530
Explanation :
As per the data given in the question,
Number board feet of lumber to buy in June = Number of units to be produced + Ending inventory required - Opening inventory needed
= (2,000 cases × 28 board feet of lumber per case) + (1,850 cases × 35% × 28 board feet to lumber per case) - (2,000 cases × 35% × 28 board feet of lumber per case)
=56,000 board feet + 18,130 board feet - 19,600 board feet
= 54,530 board feet of lumber
We simply applied the above formula
Adjusting entry on December 31 with a debit to Interest receivable and credit to Interest Revenue for the interest generated in December.
<h3>
What is an Adjusting entry?</h3>
- Adjusting entries and journal entries used in accounting and accounting to assign income and expenditure to the period in which they actually occurred.
- They are often made at the end of an accounting period. Under accrual-basis accounting, the revenue recognition principle serves as the foundation for adjusting entries related to unearned and accrued revenues.
- Because they are done on balance day, they are occasionally referred to as balance day adjustments.
- Revenues and related costs are recorded in the same accounting period according to the matching concept of accrual accounting.
- The actual money, however, can be received or paid at a separate period.
<h3>What is Interest receivable?</h3>
- The amount of interest that has been earned but has not yet been paid out in cash is known as interest receivable.
- Many organizations won't record this number because they believe it to be irrelevant.
Therefore, it will record an Adjusting entry on December 31 with a debit to Interest receivable and credit to Interest Revenue for the interest generated in December.
Know more about Interest receivables here:
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I would budget for D. Budget for the unexpected.
Answer:
15.79%
Explanation:
The computation of the return on investment is shown below:
Return on investment = Operating Income ÷ New operating asset base
where,
Operating income is $60,000
And, the new operating asset is
= $500,000 - $120,000
= $380,000
So, the return on investment is
= $60,000 ÷ $380,000
= 15.79%
By dividing the operating income from the new operating asset base we can get the return on investment
