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lesya692 [45]
3 years ago
10

A company has a chief executive officer and a limited corporate staff, with line managers in dominant organizational areas, such

as production, accounting, marketing, engineering, and human resources. What type of structure is in place here
Business
1 answer:
kari74 [83]3 years ago
7 0

Answer:

The answer is functional structure

Explanation:

The type of structure in this question is functional structure.

Functional structure divides the organization into different functions based on their specialization. Functional departments are production department, accounting department, marketing department etc. Each functional department has a line manager or head of department which reports to CEO.

This structure is the most common.

And its advantages are that it increases specialization and also productivity.

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Simmons Consulting Co. has the following accounts in ts ledger Cash: Accounts Receivable Supplies: Office Equipment Accounts Pay
Alchen [17]

Answer:

Simmons Consulting Co

<u><em>General Journal</em></u>

Oct 1

Rent Expense $4,800 (debit)

Cash $4,800 (credit)

<em>Paid Rent Expense</em>

Oct 3

Advertising expense $2,500 (debit)

Cash $2,500 (credit)

<em>Paid Advertising Expense</em>

Oct 5

Supplies  $1,390 (debit)

Cash $1,390 (credit)

<em>Paid for Supplies</em>

Oct 6

Office equipment $10,670 (debit)

Office Equipment Accounts Payable $10,670 (credit)

<em>Bought Office equipment on credit</em>

Oct 10

Accounts Receivable $19,730 (debit)

Cash $19,730 (credit)

<em>Received payment from accounts</em>

Oct 15

Cash $59,480 (debit)

Accounts Payable $59,480 (credit)

<em>Made payment to Accounts Payable</em>

Oct 27

Miscellaneous Expenses $530 (debit)

Cash $530 (credit)

<em>Paid for Miscellaneous Expenses</em>

Oct 30

Utilities expense $220 (debit)

Cash $220 (credit)

<em>Paid for telephone bill</em>

Oct 31

Cash $538,620 (debit)

Fees Earned $538,620 (credit)

<em>Cash received for Fees Earned</em>

Oct 31

Utilities expense $1,540 (debit)

Cash $1,540 (credit)

<em>Paid for electricity bill</em>

Oct 31

Drawings $56,700 (debit)

Cash $56,700(credit)

<em>Cash drawings by owner</em>

Explanation:

I have prepared the journals and their narrations, see the above.

8 0
3 years ago
A _____ _____ is similar to a bond payable but is normally transacted with a single lender such as a bank
777dan777 [17]

A note is transacted through a single lender but it is similar to a bond payable.

<h3>What are bonds?</h3>

Bonds are the trading securities in the stock market which provide a constant amount of interest to the holder of bonds.

A note is a kind of debt where one party, that is, the payer agrees to pay back against the amount taken from the other party, that is, the lender.  In the case of bonds, they are issued by companies to a large group of investors, called bond investors. Both are debts but contrasted on the basis of a number of lenders.

Therefore, the bond payable is similar to the note but differentiated due to the involvement of only one lender.  

Learn more about the bonds in the related link:

brainly.com/question/14064867

#SPJ1

6 0
2 years ago
Why is understanding debt important?
VikaD [51]

Answer:

Understanding debt is critical to both financial literacy and financial security.

Explanation:

While most people have some debt, typically the importance of that debt is in direct proportion to the amount of debt they have. While some debt, such as a mortgage, business or automobile loan, can show stability and maturity, having more debt than you can pay can affect your health, relationships and your employment.

7 0
3 years ago
What kind of life insurance policy pays a specified monthly income to a beneficiary for 30 years and then pays a lump sum benefi
aleksandrvk [35]

Answer:

Family Maintenance Policy

Explanation:

A family maintenance policy refers to the policy in which it generates the income for a beneficiary for the particular period of time after considering the death of the insured person

After maturing the given period, the insurer provides the money to the beneficiary i.e. equal to the face value of the policy

Therefore according to the given situation, it represents the  family maintenance policy

8 0
3 years ago
Imagine two economies that are identical except that for a long time, economy a has had a money supply of $1,000 billion while e
Nuetrik [128]

The economy with extra money.

If the govt takes no action to counter this, then the particular price index is below the worth level that individuals expected. Various factors can shift both the short-run economy and long-run aggregate supply curve rightwards like an increment within the technology level, a rise within the level of human capital, a rise within the level of existing capital stock, et cetera.

When the economy is doing well, the financial market is additionally certain to have best. Whether or not the economy is declining, the financial market can still do best. A pecuniary resource increase will tend to lift the worth level within the future. A finances increase can also increase national output.

A funds increase will raise the economy worth level more and national output less the lower the per centum of labor and capital is. A rise within the pecuniary resource level in an economy within the short run translates to a decline in charge per unit. the autumn within the rate further causes an increase in investment because of borrowing costs.

learn more about economy: brainly.com/question/26262298

#SPJ4

6 0
2 years ago
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