Horizontally organised companies do not have a strict hierarchy of posts with increasing importance and allow more freedom to the employees.
Explanation:
Horizontally organised companies function very differently from traditional companies as the traditional structure is a pyramidal vertical structure.
<u>In this structure people at the top are few and are at higher positions and issue orders which are distributed by managers to employees.</u>
<u>In the horizontal structure the managers are taken out of play and even the employees make important decisions for the company.</u> This allows for greater morale and freedom but can only work for small and medium sized businesses in certain niches.
Answer:
True
Explanation:
Since it is given in the question that the $95,000 amount is borrowed from the local bank against the purchase its first year's inventory and the same is to be repaid before the end of its fiscal year.
So if the payment is made within the one year the same is to be classified as current assets and is to be reported on the balance sheet
Answer:
The company's net income for the month was $27 comma 000
Explanation:
Net income = Total Sales - total expense
During the month of May,
Total Sales = credit sales + cash sales = $35,000 + $25,000 = $60,000
The company paid wages of $ 24 comma 000, the wages expense was $ 24 comma 000.
The company paid utilities of $ 9 comma 000, the utilities expense was $ 9 comma 000
Total expense = wages expense + utilities expense = $24,000 + $9,000 = $33,000
The payment that the company received from its customer was not the sales or expense. It made increase cash and reduce account receivable.
Net income = $60,000 - $33,000 = $27,000
Answer:
data monitoring
Explanation:
Data monitoring refers to the business practice where key business data are constantly monitored against quality assurance rules to ensure that it's always of good quality and complies with previously defined design and accuracy requirements.
Monitoring the data helps a company to constructively maintain high, accurate data quality standard. Through periodically reviewing the data as it is processed inside programs, enterprises may eliminate commodity-intensive information pre-processing before transferring. Software quality is tested with software management at the moment of creation, rather than during a step.
It keeps prices fair for consumers who are trying to buy there products.
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