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mojhsa [17]
2 years ago
9

Which of the following best describes a centralized organization

Business
1 answer:
Afina-wow [57]2 years ago
7 0

<u>Answer:</u>

<em>An organization in which most decision-making authority is held by upper-level management</em>

<u>Explanation:</u>

Centralisation refers to the hierarchical level within an organisation that has authority to make decisions. When decision making is kept at the top level, the organisation is centralised; when it is delegated to lower organisational levels, it is decentralised.

Centralized organization can be defined as a hierarchy decision-making structure where all decisions and processes are handled strictly at the top or the executive level. Policies are put in place to ensure the rest of the company follows the direction of the executives.

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Adams Company has employed a bookkeeper who is inexperienced. On December 28, after reviewing the records for the year, you disc
adell [148]

Answer:

                                      Debit                  Credit

Trade payable                 $300

Cash                                                           $300                              

Explanation:

First we have to reverse the wrong journal entry which has been made by the inexperienced bookkeeper in the Adams Company accounts:

                                      Debit                  Credit

Trade payable                 $300

Cash                                                           $300                              

Now we have to record the correct journal entry in the accounts of Adam Company in respect of account settlement with supplier which is given as follow:

                                      Debit                  Credit

Trade payable                 $300

Cash                                                           $300                              

6 0
3 years ago
Read 2 more answers
Why are medical related professions and human resources important​
strojnjashka [21]

Answer:

They Both deal with the Wellbeing of the Human Talent

Explanation:

While the medical profession deals with physical, and psychotherapy treatment of the human being and  the Human Resources function deals with the employee welfare at work place such as work conditions, training, harassments at work place, both these professions try to improve the wellbeing of the Human Talent.

6 0
2 years ago
Please help me w this one multiple choice question (Principles of Business (P.O.B.)​
Leno4ka [110]

The correct answer to this question is choice A.

The definition of Imperfect Competition is when there is a situation in a market where there are features of a competitive market, but also characteristics of a monopoly. The other three choices are characteristics of a competitive market.

3 0
3 years ago
Sparty Corporation has provided the following information for its most recent year of operation: Revenues earned were $88,000, o
AlekseyPX

The amount of net income reported on Sparty's income statement is $19,690.

<h3>What is revenue?</h3>
  • The total amount of income earned by the sale of goods and services connected to the principal operations of the firm is referred to as revenue in accounting.
  • Commercial revenue is often known as sales or turnover.
  • Some businesses make money by charging interest, royalties, or other fees.
<h3>What are dividends?</h3>
  • A dividend is a profit distribution made by a corporation to its shareholders.
  • When a corporation makes a profit or has a surplus, it can pay a portion of the earnings to shareholders as a dividend.
  • Any money that is not dispersed is re-invested in the company.
<h3>Solution -</h3>

To find the amount of net income reported on Sparty's income statement, use the following formula:

Net Income = Gross Profit — Operating Expenses — Other Business Expenses — Taxes — Interest on Debt + Other Income

Net income = 80000 - 31000 - 11000 - 18130 = 19690

Therefore, the amount of net income reported on Sparty's income statement is $19,690.

Know more about net income here:

brainly.com/question/25906113

#SPJ4

4 0
1 year ago
Producers often use ________ as a primary basis for setting prices on the goods and services they offer the public. tariffs cost
valina [46]

Answer: cost

Explanation: In simple words, cost refers to the total amount of resources used by an organisation for preparing its relative commodity to sell it to the ultimate customer. It is the sum of expenses incurred for the generation of revenue.

It is the total outflow of resources,therefore , the producers often use it for setting prices so that they can generate the amount of profit they are targeting for.

Hence we can conclude that the correct answer is cost.  

5 0
3 years ago
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