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mariarad [96]
4 years ago
15

Laura is a billing clerk in a​ medium-sized manufacturing company. She reports to the Supervisor of Accounts​ Payable, who in tu

rn reports to the Manager of Accounting. The Manager of Accounting is accountable to the Chief Financial​ Officer, who reports to the company president. Which element of organizational design does this​ illustrate?
Business
1 answer:
Maksim231197 [3]4 years ago
7 0

Answer:

Chain of command

Explanation:

Chain of command -

It is the hierarchy or the levels of the reporting relationships , in a particular company , from bottom most to the top one .

The main focus of chain of command is to generated accountability and increases the process of decision making .

Hence , the element shown in the organisation , as given in the question is the chain of demand .

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Wisseman Corporation is a shipping container refurbishment company that measures its output by the number of containers refurbis
kondor19780726 [428]

Answer:

$3,000 F

Explanation:

Note that an activity variance is the difference between a revenue or cost item in the flexible budget and the same item in the static planning budget, and can also be the difference in the actual level of activity used in the flexible budget and the level of activity assumed in the planning budget.

In budgeting activity variance is divided into two types;

  1. When actual results are better than expected results the given variance is described as favorable variance. In common use favorable variance is denoted by the letter F - usually in parentheses (F).
  2. When actual results are worse than expected results given variance is described as adverse variance, or unfavorable variance. In common use adverse variance is denoted by the letter U or the letter A - usually in parentheses (A).

In the case of Wisseman Corporation the activity variance for total expenses for September would have been closest to $3,000 F.

8 0
4 years ago
Phoenix Company can invest in each of three cheese-making projects: C1, C2, and C3. Each project requires an initial investment
cestrela7 [59]

Answer:

C3 should be chosen

Explanation:

Net present value is the present value of after tax cash flows from an investment less the amount invested.

NPV can be calculated using a financial calculator:

For project C1:

Cash flow in year 0 = $-252,000

Cash flow in year 1 =$20,000

Cash flow in year 2 =116,000

Cash flow in year 3 =176,000

I = 10%

NPV = $5,719

For project C2

Cash flow in year 0 = $-252,000

Cash flow in year 1 = $104,000

Cash flow in year 2 = $104,000

Cash flow in year 3 = $104,000

I = 10%

NPV = $6,633

For project C3

Cash flow in year 0 = $-252,000

Cash flow in year 1 = $188,000

Cash flow in year 2 =68,000

Cash flow in year 3 =56,000

I = 10%

NPV = $17,181

C3 should he accepted because it has the highest NPV

To find the NPV using a financial calacutor:

1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.

2. After inputting all the cash flows, press the NPV button, input the value for I, press enter and the arrow facing a downward direction.

3. Press compute

I hope my answer helps you

3 0
3 years ago
Beth and connie do business as diamond investments. in acting on the firm's behalf, beth makes an honest error in overestimating
mario62 [17]
<span>In the scenario in which, Beth and Connie who do business as diamond investments and in acting on the firm's behalf, Beth makes an honest error in overestimating the value of a particular stock purchase to her firm, Beth is not liable.</span><span> The term liability denotes the company's legal financial debts or obligations that arise during the course of business operations. </span>
6 0
4 years ago
Read 2 more answers
Anne Beck recently took over a beauty supply store. Her predecessor always ordered shampoo in quantities of 100 units. Anne is r
inysia [295]

Answer:

Anne should increase the order quantity to 162 units, that way the company will save $154 per year.

Explanation:

economic order quantity (EOQ) = √(2SD / H)

  • order cost = $35
  • holding cost per unit = $8
  • annual demand = 3,000 units

EOQ = √[(2 x $35 x 3,000) / $8] = 162 units

total order cost per year = order costs x number of orders = $35 x (3,000 / 100) = $35 x 30 = 1,050

holding costs per year = average inventory x holding cost = 50 x $8 = $400

if EOQ is used:

order cost per year = (3,000 / 162) x $35 = $648

holding cost per year = 81 x $8 = $648

total savings = ($1,050 + $400) - ($648 + $648) = $154

8 0
4 years ago
Before a new phone system was installed, the amount a company spent on personal calls followed a normal distribution with an ave
d1i1m1o1n [39]

Answer: 0.9579

Explanation:

See attached file

7 0
3 years ago
Read 2 more answers
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