Answer:
The correct answer is letter "B": Centralization of authority.
Explanation:
Centralization of authority takes place in companies where high-rank executives take most or all the decisions regarding the operations. Employees voice is not heard under this approach. Managers tend to implement this strategy when they pretend to minimize the percentage of mistakes incurred in the firm. The organization of the company tends to be bureaucratic.
Answer:
Option (A) is correct.
Explanation:
Given that,
2018:
Accounts receivable (net) = $20
Net sales = $115
Cost of goods sold = $60
Net income = $20
Inventory turnover = 5.22
Return on equity = Return on assets × Equity multiple
= 10.3% × 2.36
= 24.308% or 24.3%
Therefore, Dowling's return on equity for 2018 is 24.3%.
Answer:
due diligence
Explanation:
Due diligence refers to an entrepreneur or a business man/woman basically doing their homework, i.e. investigating thoroughly about a business opportunity before deciding to accept a business proposal, enter a new market, or start a new business.
Many times, management is required by law to perform due diligence before entering a new business or signing certain contracts, but it is just common sense that before you start a new business you will try to find out if the business is feasible or not.
Cash transactions are more likely to be recorded incorrectly than other types of transactions since they happen more frequently.
<h3>What do you name a transaction?</h3>
A transaction is what? An executed contract between such a seller and a buyer to trade goods, services, or capital instruments in exchange for money is known as a transaction. The phrase is also frequently used in business accounting. In corporate bookkeeping, this easy notion could be difficult to apply.
<h3>Do you mean by transaction "payment"?</h3>
A transaction is the outcome of a contract between such a seller and a buyer. In a trade, the seller exchanges cash for the provision of goods, services, or other financial assets. A company's lifeblood is its financial activities, which enable them to produce a consistent revenue stream and manage cash flow.
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