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Verizon [17]
3 years ago
15

Sandra, the CEO of Danforth & Caldwell, seeks input from both her top management team and the lower levels of the company be

fore she decides on strategies about the future direction of the company. Judging from this, Danforth & Caldwell is a(n) ________ organization.
A) mechanistic
B) high-involvement
C) flat
D) just-in-time
E) authoritarian
Business
1 answer:
olya-2409 [2.1K]3 years ago
7 0

Answer: High involvement organization

Explanation:

A high involvement organization is an organization that is centered on the involvement of employees. It gives employees opportunities to make decisions about their jobs and to take part in the organization as a whole.

A high-involvement organization seeks input from their team from the top managers to lower levels with regards to the issue. This kind of management boosts productivity.

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LO 7.4A company has prepared the operating budget and the cash budget. It is now preparing the budgeted balance sheet. Identify
shutvik [7]

Answer:

The correct answer is:

A) Cash (Cash Budget)

B) Accounts receivable  (Cash Budget)

C) Finished goods inventory  (Operating Budget)

B) Accounts payable  (Cash Budget)

D) Equipment purchases (Operating Budget)

Explanation:

The operating budget is a planning of the profits and expenses of a company for one or more than one period. It includes the expectations of other budgets on <em>payroll, cost of goods, </em>and <em>inventory</em>.  

The cash budget is a plan for a business or individual's cash inflows and outflows. It is often considered the most important financial budget as it allows companies to better manage their cash positions and prevent unforeseen cash flaws. <em>Current cash, accounts payable and receivables</em> are taken into consideration for the projection of this budget.

5 0
4 years ago
Raphael lives in San Diego and runs a business that sells guitars. In an average year, he receives $722,000 from selling guitars
Rzqust [24]

Answer:

Statement 1: Explicit cost

Statement 2: Implicit cost

Statement 3: Implicit cost

Statement 4: Explicit cost

Accounting profit = Sales revenue - Explicit cost

= 722,000 - (422,000 + 268,000)

= $32,000

Economic profit = Sales revenue - (Explicit cost + Implicit cost)

= 722,000 - (422,000 + 268,000 + 2,000 + 21,000)

= $9,000

4 0
3 years ago
Roman Company leased equipment from Koenig Company on July 1, 2018, for an eight-year period expiring June 30, 2026. Equal annua
Katarina [22]

Answer:

1. $565,000 and $166,600

Explanation:

In case of recording sale instead of lease the interest should be computed on Cash selling price instead of cost of the equipment .

Interest income = ($4,965,000 - $800,000)*8%*6/12

                          = $166,600

As $800,000 is due in July 1  

Profit = $4,965,000 - $4,400,000

         = $565,000

Therefore, The amount of profit on the sale and the interest income that Koenig would record for the year ended December 31, 2018 is $166,600  and $565,000.

8 0
3 years ago
Cost Flow Relationships The following information is available for the first year of operations of Creston Inc., a manufacturer
babunello [35]

Answer:

The answer is

A. $955,700

B. $570,900

C. $734,400

Explanation:

A. Cost of sales

Gross profit = Sales - Cost of sales.

Therefore, Cost of sales will now be:

Sales - Gross profit

$1,309,200 - $353,500

=$955,700

B. Direct materials cost

Direct materials cost = material purchased - indirect materials - ending material Inventory

$667,700 - $48,400 - $48,400

=$570,900

C.Direct labor cost

Direct labor cost = manufacturing costs for the period - Direct materials cost - Other factory overhead - Indirect labor

$1,445,400 - $570,900 - $22,300 - $117,800

=$734,400

7 0
4 years ago
What are two main reasons for having a savings account
jasenka [17]

Answer:

two main reasons for having a savings account:

  • It can be used as a vacation fund.
  • An account to pay cash for new things and cover repairs.
  • Can be used as an emergency account.

Hope it helps!

5 0
3 years ago
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