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2 years ago

4. People in the organisations carry out diverse tasks with the aim to achieve

Business

1 answer:

Umnica [9.8K]2 years ago

6 0

Answer:

(b) Common objectives

Explanation:

People and departments in an organization perform different functions, but all focus on achieving its objectives. An organization's top management sets the goals and targets for a particular period. It then identifies specific actions that need to be accomplished to achieve the set goals.

The identified actions are distributed to various departments for implementation. Each department will break down its activities into small tasks and assign them to individual workers. Every employee will be working to achieve their set objectives. If all workers achieve their targets, the departments will meet their objectives, and so is the organization's goals.

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Joanna, a member, is a sole proprietor that specializes in data processing system design and installation. To facilitate her wor

a_sh-v [17]

Answer: d) None of the above

Explanation:

The profit on the sale is not a referral fee as Joanna did not facilitate a transaction between her clients and the people she bought the products for.

It is not a commission either because it is not a percentage of the products price earned as an incentive or extra fee for selling the products.

Her selling these products is allowed.

The answer is therefore None of the Above.

3 0

2 years ago

Kara wants to build a business. She has plenty of capital and potential investors and partners. She wants to avoid the burden of

Akimi4 [234]

Answer:

The correct answer is B.

Explanation:

The fact that Kara has plenty of capital means she most likely would not need financial intervention from any other party.

It is not logical for her to bring in a partner who will share profits when she has invested all the capital. Because she will enjoy all the proceeds from the business alone, she will also bear all liabilities.

Cheers!

4 0

3 years ago

Read 2 more answers

Landrum Corporation is considering investing in specialized equipment costing $250,000. The equipment has a useful life of 5 ye

aalyn [17]

Answer: ARR = Average profit/Initial outlay x 100

ARR = $19,000/$250,000 x 100

ARR = 7.60%

The correct answer is C

Depreciation = Cost - Residual value/Estimated useful life

= $250,000 - $20,000/5 years

= $46,000 per annum

Average profit = Total profit/No of years

= $325,000/5

= $65,000

Average profit 65,000

Less: Depreciation 46,000

Average profit after depreciation 19,000

Explanation: In determining the accounting rate of return of the investment, there is need to calculate depreciation using straight line method. The amount of depreciation would be deducted from the average profit so as to obtain the average profit after depreciation. The average profit would be divided by the initial outlay in order to obtain the accounting rate of return.

5 0

2 years ago

Presented below is the trial balance of Bramble Corporation at December 31, 2020.

8_murik_8 [283]

Answer:

Bramble Corporation

Assets:

Current Assets:

Cash $ 201,440

Debt Investments (trading)

(at cost, $145,000) 155,150

Accounts Receivable 437,150

Allowance for

Doubtful Accounts 27,150 410,000

Inventory 601,440

Total current assets $1,368,030

Long-term assets:

Debt Investments (long-term) 303,440

Equity Investments (long-term) 281.440

Land 262,150

Buildings 1,044,440

Accumulated Depreciation 152,000 892,440

Equipment 602,150

Accumulated Depreciation 60,000 542,150

Franchises 160,000

Patents 195,000

Total long-term assets $2,636,620

Total assets $4,004,650

Liabilities + Equity:

Current Liabilities:

Notes Payable (short-term) 92,150

Accounts Payable 457,150

Dividends Payable 140,440

Accrued Liabilities 98,150

Total current liabilities $787,890

Notes Payable (long-term) 904,440

Bonds Payable 1,004,440

Total long-term liabilities $1,908,880

Total liabilities $2,696,770

Common Stock ($5 par) 1,002,150

Treasury Stock 193,150

Net Stock outstanding 809,000

Retained Earnings, December 31 414,440

Paid-in Capital in Excess of Par 84,440

Total equity $1,307,880

Total liabilities + equity $4,004,650

Explanation:

a) Data and Calculations:

Debit Credit

Cash $ 201,440

Debt Investments (trading)

(at cost, $145,000) 155,150

Accounts Receivable 437,150

Inventory 601,440

Sales $ 8,102,150

Cost of Goods Sold 4,800,000

Allowance for Doubtful Accounts 27,150

Debt Investments (long-term) 303,440

Equity Investments (long-term) 281.440

Notes Payable (short-term) 92,150

Accounts Payable 457,150

Dividends Payable 140,440

Accrued Liabilities 98,150

Notes Payable (long-term) 904,440

Bonds Payable 1,004,440

Common Stock ($5 par) 1,002,150

Treasury Stock 193,150

Retained Earnings 82,440

Paid-in Capital in Excess of Par 84,440

Investment Revenue 67,180

Land 262,150

Buildings 1,044,440

Accumulated Depreciation-Buildings 152,000

Equipment 602,150

Accumulated Depreciation Equipment 60,000

Franchises 160,000

Patents 195,000

Selling Expenses 2,002,150

Administrative Expenses 904,180

Interest Expense 215,180

Gain 84,180

Totals $12,358,460 $12,358,460

b) Income Statement for the year ended December 31, 2020:

Sales $ 8,102,150

Cost of Goods Sold 4,800,000

Gross profit $3,302,150

Investment Revenue 67,180

Gain 84,180

Total Income before expenses $3,453,510

Selling Expenses 2,002,150

Administrative Expenses 904,180

Interest Expense 215,180

Total Expenses (3,121,510)

Net Income $332,000

Retained Earnings 82,440

Retained Earnings, December 31 $414,440

7 0

3 years ago

In some instances, BPM will lead to a paradigm shift that transforms the nature of the business itself True False

neonofarm [45]

Answer:

In some instances ,BPM will lead to a paradigm shift that transforms the nature of the business itself.it is false.

Explanation: BPM means business process management. Paradigm shift means a drastic change.A massive change in standards ,thinking patterns and values.

BPM brings changes in business .It is an approach to execute and control various processes to achieve the results according to the goals of the organisation.BPM do bring changes in business but it does not lead to a paradigm shift that transforms the nature of business.

4 0

3 years ago