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never [62]
3 years ago
8

Managers can be classified in terms of either their level in the organization at which they work and or their area of specializa

tion. Select one: a. True b. False
Business
1 answer:
777dan777 [17]3 years ago
5 0

Answer is true.

Managers who are classified in terms of their level in the organization are known by titles such as store manager, assistant manager or co-manager.

Managers who are classified by their area of specialization have titles such as the marketing manager, the accounting manager or the sales manager.

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Pendleton Company, a merchandising company, is developing its master budget for 2015. The income statement for 2014 is as follow
Amanda [17]

Answer:

<u>Budgeted functional income statement for 2015</u>

Gross sales ($2,000,000  × 1.04 × 1.06)                                       $2,204,800

Less: Estimated uncollectible accounts ($2,204,800 × 2 %)         ($44,096)

Net sales                                                                                        $2,160,704

Cost of goods sold (1,100,000 × 1.03)                                          ($1,133,000)

Gross profit                                                                                     $1,027,704

Operating expenses (475,000 × 1.10)                                            ($522,500)

Depreciation                                                                                     ($25,000)

Net income                                                                                       $480,204

Explanation:

Make the adjustments stated on the 2014 Income Statement.

For Operating Expenses, it is wise to first remove the depreciation expense and apply the increment of 10% to reflect Operating Costs for 2015.

Treat Depreciation Expense separately and at the same amount as for 2014, since depreciation is calculated on straight line method.

3 0
3 years ago
What happens if my mission statement changes in the future?
Alenkasestr [34]

<h3>It doesn't matter, things changes and people changes but atleast if it changes it should change for the BETTER.</h3>

Good luck ✅.

3 0
2 years ago
For many years there have been efforts to organize teaching assistants on college campuses and form a union. often these efforts
anygoal [31]
Social movement theory.  Due to lack of resources, it is hard for these groups to form a union. To form a union and have a successful social movement, there needs to be an abundance of resources to successfully create a union. A union is formed when a group of workers want to protect their rights in the interest of labor.
6 0
3 years ago
Martin received a nonstatutory stock option from his employer on January 1, 2018. The option gives him the right to purchase 100
Ksju [112]

Answer:

Correct answer is option A

$0

Explanation:

In case of non-statutory stock option, income which is fair market value less any cost incurred for stock options, is included when the stock options are exercised.

5 0
3 years ago
Courts will occasionally determine in a the course of a lawsuit against a corporation that the usual limited liability protectio
pishuonlain [190]

Answer: b. piercing the corporate veil.

Explanation:

Normally, corporations have limited liability which means that the assets of the shareholders are separate from that of the company and should the company go bankrupt for instance, the assets of the shareholders would be safe and only that of the company could be liquidated.

Sometimes however, the courts can remove this limited liability protection which would enable the assets of the shareholders to be targeted in what is known as "piercing the corporate veil".

There are several reasons this can happen for instance:

  • Fraud by the owners
  • Failure to follow formal corporate rules
  • Inadequate capitalization of the company
  • Use of company assets as private assets.
8 0
3 years ago
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