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Ivan
4 years ago
11

What defines a common chain of command within a corporation?

Business
1 answer:
Cerrena [4.2K]4 years ago
4 0

Answer:

Chain of command means flow of authority from bottom to top.

Explanation:

Chain of command means a sequence of authority of a company . Chain of command is very important to a company as it tells the hierarchy of reporting relationship . Chain of command helps the person in knowing that who will report to whom , from whom he can receive order or  to whom he can give order . It also helps in knowing that who is accountable to whom .

It also improves decision . It helps in avoiding confusion or chaos as people know that from whom they receive order or to whom they can give order.

It also improves communication problem in the firm .  

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Mr Howard opens a restaurant that sells sandwiches and the cost of the material to make the sandwich is 5.00. He wants a 40% mar
Tema [17]

Answer:

$3.56

Explanation:

having the 40% allows you to keep the sandwich price lower

4 0
3 years ago
Career prep b final exam / post test
MariettaO [177]
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4 0
3 years ago
Edgar uses the cash method to report the income from his software consulting business. A large publicly held corporation has off
Ugo [173]

Answer:

If Edgar decides to become partners with the corporation, he'll need to change from cash method to the use of accural method.

Explanation:

If Edgar engages with this large publicly held corporation in a limited partnership, he will have to change from the cash method and use the accrual method of accounting.

The use of the cash method by corporations isn't allowed by IRS and the accrual method is needed to report income earned for Federal income tax purposes to ensure proper and precise reflection of annual income.

In the cash method, Edgar will not currently recognize income until it is actually received. While under the accrual method Edgar would recognize income when it is earned, irrespective of when the income is to be collected.

4 0
4 years ago
Suppose one county in Missouri decides it wants to reduce alcohol consumption, so the county passes a law that raises the price
V125BC [204]

Answer:

The answer is: True

Explanation:

An incentive is a punishment or a reward that induces someone (or the general public) to act a certain way. Many times incentives work because people compare costs and benefits. For example, in Europe gas prices are extremely high due basically to high taxes on gas. That is why most cars sold in Europe are much smaller and fuel efficient than those sold in the US were taxes on gas are usually much lower so the gas price is also much lower. The incentive is saving money even though most European cars aren´t as comfortable as those sold in the US.  

In this specific question, those who wanted to drink beer will probably calculate how many beers they need to buy or drink to offset the expenses of going to the next county to buy beer. Probably no one will travel several miles just to buy 1 beer, but at some amount of beer the math will make you drive. Besides losing business in your own county, another collateral damage is the rise in drunk driving.

4 0
4 years ago
On December 21, 2020, Sheridan Company provided you with the following information regarding its equity investments.
xxMikexx [17]

Answer and Explanation:

The Journal entries are prepared below:-

a. Unrealized Holding Gain or Loss - Income  Dr, $1,460

            To Fair value Adjustment $1,460

(Being unrealized holding income is recorded)

b. Cash  Dr, $8,770

Loss on Sale of Investment  Dr, $430

          To  trading Equity Investment $9,200

(Being sale of the Colorado Co. stock during 2021 is recorded)

c. Fair value Adjustment Dr,  $880

          To Unrealized Holding Gain or Loss - Income $880

(Being adjustment of fair value is recorded)

Working note:

Stock                     Cost             Fair Value       Unrealized Gain(Loss)

Clemson Corp.

Stock                    $18,700        $17,690             -$1,010

Buffaloes Co.

stock                     $18,700         $19,130             $ 430

Net unrealized gain (loss)                                    -$580

2020                                                                       -$1,460

Fair value adjustment for 2021                              -$880

5 0
3 years ago
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