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3 years ago

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Which of the following factors makes it imperative that organizations be fast and flexible?

1 answer:

IgorC [24]3 years ago

7 0

Answer:

Which of the following factors makes it imperative that organizations be fast and flexible?

1. Globalization

Explanation:

Organizations nowadays have to compete in a market where they have to consider a variety of factors in order to stay ahead of the competition. Being ahead of the competition always translates on a wider access to access and thus more sales. The aim of all business organizations is to make profits, staying ahead of the competition is a sure way of making more profits. Factors that organizations need to consider are; globalization, corporate strategy, and workforce diversity.

The main factor of interest to us is globalization as a factor to be considered in organizational success. Globalization is the action by which business and organizations start having more influence in the international scale. Globalization has been of interest ever since the onset of technological advancement like the internet. The internet improved access to information in the international scale by fostering communication and relations between different people and companies around the globe. Organizations could easily look for opportunities in different parts of the globe where their products and services had a potential of being purchased.

Globalization has made it imperative that organizations be fast and flexible. The aspect of competition and customer loyalty makes it imperative for an organization in the global arena to be fast since customers need a more fast and reliable delivery of products and services and they will always pick the most reliable option in terms of time, cost and quality. The global arena is ever-changing too in terms of customer expectation mostly driven by technology. An organization needs to be flexible to the varying global market conditions.

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ABC had the following net income (loss) the first three years of operation: $7,100, ($1,600), and $3,600. If the Retained Earnin

Alex73 [517]

Answer:

The total amount of dividends paid over these three years: $8000

Explanation:

Net income (loss) in three years

$7,100, ($1,600), and $3,600

=> the total net income is the first three years of operation is:

$7,100 - ($1,600) + $3,600

= $9,100

This money is not kept in the Retained Earnings because it is used for dividend payment. But Earnings balance at the end of year three is $1,100, so the total amount of dividends paid over these three years:

= Total net incomes - Retained Earnings

= $9,100 - $1,100,

= $8000

Hope it will find you well.

3 0

3 years ago

Read 2 more answers

Presented below are two independent situations: A) Sandhill Inc. acquired 10% of the 420,000 shares of common stock of Schuberge

Vilka [71]

Answer:

The journal entries for both corporations is prepared below

A)

Date: June 17

Accounts title and Explanations: Stock investment, dr. (420,000*$15*10%) 630,000

Accounts title and Explanations: Cash, Cr. 630,000

____________________________

Date: Sept 3.

Accounts title and Explanations: Cash, dr. (120,000*10%) 12,000

Accounts title and Explanations: Dividend revenue, Cr. 12,000

______________________________

Date: Dec 31.

Accounts title and Explanations: Stock investments, dr. (520,000*10%) 52,000

Accounts title and Explanations: Investment revenue, Cr. 52,000

____________________________

B)

Date: Jan 1

Accounts title and Explanations: Stock investment, dr. (120,000*$18*30%) 648,000

Accounts title and Explanations: Cash, Cr. 648,000

____________________________

Date: May 15

Accounts title and Explanations: Cash, dr. (120,000*30%) 36,000

Accounts title and Explanations: Dividend revenue, Cr. 36,000

______________________________

Date: Dec 31.

Accounts title and Explanations: Stock investments, dr. (220,000*30%) 66,000

Accounts title and Explanations: Investment revenue, Cr. 66,000

____________________________

7 0

3 years ago

An internet company gives their old computer system to the computer science

Elanso [62]

Answer:

Explanation:

The formula for GDP is

GDP = C + I + G + NX

C = consumption

I = Investment by business and household purchases by individuals

G = Government Expenditures

NX = foreign trade.

The first thing you can do is knock out foreign trade.

I think you can dispense with Government expenditures as well all though a school is an arm of government.

I think investment is what you have to look at carefully because it does include charitable organizations. We'll come back to this.

Consumption is what it sounds like it sounds.

You can't answer this in any other way than to know how the company writes it off. It is an asset that goes from some value to 0. It no longer exists on their books. So it decreases their assets. It is balanced on their books by calling it an expense I think and that further has impact on their books.

So they are decreasing their value (albeit by a small amount -- they've already bought new computers).

I'm not sure about this, but I think what has happened is that the GDP is going to go down. Their investment has decreased by being written off.

8 0

2 years ago

A firms have no incentive to enter or exit the industry. Select one: a. market price is equal to minimum long.run average cost.

Artyom0805 [142]

Answer: The correct answer is "d. all of the above"

Explanation: In a perfectly-competitive industry a firm have no incentive to enter or exit the industry when:

- market price is equal to minimum long-run average cost.

- each firm earns a normal return.

This happens because in perfect competition companies reach a long-term equilibrium where extraordinary benefits are eliminated.

6 0

3 years ago

When Corinne asked why she didn't get the job, the manager replied, "I needed someone who understood basic accounting practices

OLga [1]

Answer:

The aspect of career readiness the manager feel Corinne was lacking was Knowledge

Explanation:

Career readiness is the preparation and process of acquiring skills, knowledge, talents that are required to start a career, maintain one's position in such career and grow.

The aspect of career readiness the manager feel Corinne was lacking was Knowledge because see made a statement that implied that Corinne lack basic understanding of accounting practice.

Knowledge is an aspect of career readiness that has to do with the theoretical or practical understanding of a subject matter. It is the information, skills and facts gained through experience and education.

Other skills that are acquired in the process of career readiness are communication skills, human relation skills, critical thinking skills etc.

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3 years ago