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amm1812
3 years ago
5

All large firms maintain complete and detailed organization charts because it is important to maintain a clear line of authority

.
True/False
Business
1 answer:
NeX [460]3 years ago
3 0

Answer:

The statement is: True.

Explanation:

Large firms acre characterized by having huge numbers of employees. In those scenarios, it is vital to have a detailed organization chart so workers can identify what their function is in the company and who they can talk to in the case inconveniences arise.

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Research shows that legal action is taken against fraud perpetrators in: Group of answer choices Almost all fraud cases. More th
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Less than half of fraud cases.

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You have been running a landscaping business called Trim Grass for about two years. You have developed a special blend of grass
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2222

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3 years ago
Last year, Hampton Corporation had sales of $1,855,000. The firm's costs of goods sold amounted to 70% of sales. Hampton also pa
jeka57 [31]

Answer:

Tax Liability = $74,550

Explanation:

Particular                                   Amount

Sales                                             $1,855,000

Less: COGS(70% of sales)           <u>$1,298,500</u>

Gross Profit                                   $556,500

Less: Operating expenses           <u>$225,000</u>

Operating profit                            $331,500

Add: Taxable dividend income    $40,000

Add: Capital gain                           $10,000

Less: Interest Expenses                <u>$26,500</u>

Net Taxable Income                      $355,000

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3 0
3 years ago
Kenner company produces two products: SR200 and TX500. Budged sales for four months are as follows;
NARA [144]

Answer:

The correct answer is B.

Explanation:

Giving the following information:

Budgeted production TX500

May 20,000

June 32,000

July 39,000

August 46,000

TX500 should have 40% of next months sales in ending Inventory. On May 1, there were 9,000 units of TX500.

Production for June:

Sales= 32,000 units

Ending inventory= (39,000*0.40)= 15,600

Beginning inventory= (32,000*0.4)= 12,800 (-)

Total= 34,800 units

8 0
3 years ago
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