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bekas [8.4K]
2 years ago
13

As the head of the engineering department for her company, Jody works with her team on complex and challenging projects. The lev

el of detail in this work requires Jody to spend a significant amount of time with each team member, providing advice and support. Due to the complexity and time involvement of each project, Jody has a(n) ________ span of control.
Business
1 answer:
vagabundo [1.1K]2 years ago
3 0

Answer:

Wide

Explanation:

Basically there are two spans of control namely; wide and narrow. A wide span of control is one in which a manager or supervisor interacts with many team members. In other words, the levels of hierarchy involved where there is a wide span of control is few. As such, this structure entails that a large number of the team members report directly to the manager.

The narrow span of control is one in which the manager supervises or interacts with a few team members. In other words, there is some level of hierarchy involved such that the managers direct subordinates are few and have subordinates who report to them.

To state it in another way, the wider the span of control, the fewer level of report or levels of hierarchy and the narrower the span of control, the higher the levels of hierarchy required.

In light of the explanation above, it can be deduced that Jody has a wide span of control over her team.

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On December 31, 2021, Harris Co. leased a machine from Catt, Inc. for a five-year period. Equal annual payments under the lease
densk [106]

Answer: $5,222,400

Explanation:

Here is the complete question:

On December 31, 2021, Harris Co. leased a machine from Catt, Inc. for a five-year period. Equal annual payments under the lease are $2,100,000 (including $100,000 annual executory costs) and are due on December 31 of each year. The first payment was made on December 31, 2021, and the second payment was made on December 31, 2022. The five lease payments are discounted at 10% over the lease term. The present value of lease payments at the inception of the lease and before the first annual payment was $8,756,727. The lease is appropriately accounted for as a finance lease by Harris. In its December 31, 2022 balance sheet, Harris should report a lease liability of

a. $6,340,000.

b. $6,240,000.

c. $5,706,000.

d. $5,222,400

In its December 31, 2022 balance sheet, Harris should report a lease liability of:

Present value of annual lease payments = $8,756,727

Less: Annual lease payment on December 31, 2021 = $2,100,000

Less: Annual lease payment on December 31, 2022 = $2,100,000

Add: Interest expense on lease liability = $665,673

Lease liability = $5,222,400

Note that the interest expense on lease liability is calculated as:

= (8756727 - 2100000) × 10%

= $6,656,727 × 0.1

= $665,672.7 = $665,673

6 0
2 years ago
Florence is a highly paid fashion consultant who earns $100 per hour. She has 16 hours per day that she can allocate to work or
Dmitry_Shevchenko [17]

Answer:

Please see attachment

Explanation:

Please see attachment

8 0
3 years ago
Each of the independent situations below describes a lease requiring annual lease payments of $10,000. For each situation, deter
Kazeer [188]

Answer:

Does the agreement specify that ownership of the asset transfers to the lessee? NO

Does the agreement contain a bargain purchase option? NO

Is the lease termequal to75% or more of the expected NOeconomic life of the asset? NO (4 < (.75 X 6))

Is the present value of the minimum lease payments equalto or greater than 90% of the fair value of the asset? NO

10,000 X 3.72325

=  (37233 < (.9 X 44,000))

Annuity  due : n=4, i=5%.

Does the agreement specify that ownership of the asset transfers to the lessee? NO

Does the agreement contain a bargain purchase option? YES  

Is the lease termequal to75% or more of the expected NOeconomic life of the asset? Yes (4 > .75X5)

Is the present value of the minimum lease payments equalto or greater than 90% of the fair value of the asset? NO

35,456 < (.9 X 43,000)

10,000 X 3.54595

Ordinary annuity

n=4, i = 5%.

5 0
3 years ago
The social cost associated with the distortion in consumption from a monopoly price is called
Oliga [24]

This social cost is called deadweight loss or excess burden or allocative inefficiency. It is linked with the distortion in consumption resulting from monopolized pricing.  Deadweight loss<span> is the descent in overall surplus that results from a market distortion, like tax for example. In economics, it is defined as a damage in economic efficiency that can happen when equilibrium for an amenity is not attained or is considered unachievable</span>

4 0
3 years ago
Georgina​ Paul, a student of​ economics, was studying the last​ decade's money supply data for her country X. Georgina noticed t
Korolek [52]

The central bank introduced interest rates on checking accounts which induced people to move funds from savings to checking accounts.

Explanation:

Federal legislation restricts the amount of deposits or loans that you may make from a bank or credit union savings or money market account to six per month. When you reach the cap, the bank may charge you a fee — or you can close your account or convert it into a check account.

Another method to transfer funds from investments and bank accounts is through the use of online payment services such as PayPal, Venmo, etc. You must first transfer money out of your savings account to the corresponding payment app wallet and then submit the necessary amount from the bank to the check account.

7 0
3 years ago
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