Answer:
See below
Explanation:
Although a great GDP of 4% gives the impression of a strong economy, as is the case here, the inflation rate is much higher than desired. So, economic policies need to be reviewed in order to determine where the problem lies and what steps can be taken to remedy this situation.
Answer: Functional organization
Explanation:
A functional organization is a type of organizational structure whereby the organization is grouped into smaller groups that is based on the specialized functional areas, like IT, sales, operations, finance, or marketing.
A functional organizational structure is used to organize workers and they are divided based on their knowledge and specific skills. Each employee is attached to a specific department where it is believed that the employee will perform better and more effectively.
Answer: None of the above.
Explanation:
The correct answer will be "None of the above." The person who handles cash cannot issue credits to customers on sales returns. This could be because their job function does not include this process.
The person also may not account for cash receipts to customers. They can also not account for cash purposes. This could also be because these processes are not included in the persons job function or duties.
Each job function has a clear set of duties that one can perform. Each business has different jobs for people and this particular one does not allow for the person handling cash to do anything else.
Answer:
POAR = $29 per hour
Explanation:
<em>The overhead absorption is a per-determined rate which is used to charge overheads to production units. Note that this rate is computed using estimated figures</em>
The rate is computed as follows:
Pre-determined overhead absorption rate (POAR)
POAR = Budgeted overhead for the period/Budgeted direct labour hours
= $145,000/5,000 labour hours
= $29 per hour
Answer: Can be issued in return for money borrowed from a bank.
Explanation:
Short term notes payable are liabilities issued by a company indicating that they have an obligation to pay a certain amount (including interest) within the a year which makes it a current liability.
It can be issued in lieu of money borrowed from a bank as well as an accounts payable.
