Answer:
A) If Ray elects to treat both departments as a single activity, he can offset the $60,000 loss against the $100,000 income.
Explanation:
Ray probably decided to separate both departments in order to have a more precise record of each department's performance, but he can decide to treat them as a single unit and combine both departments' revenues and costs. By doing that, the income generated by department A would offset the losses from department B.
Answer:
The organization should do the following in order to oversee changes:
- Change the Management Team.
Explanation:
- As the organization is under the potential impact of changes that can effect all user in an organization. As well as, securities vulnerabilities can arise from the uncoordinated changes. So, in order to overcome all of these issues, the organization has the best option to change the management team.
- The management team is responsible for creating the coordination in a company as well as completing the goals.
- The change of other teams or development of a new team will not overcome the issues but it will make the situation even worse.
Answer:
When there is a tax or other restrictions imposed by the government on the manufacturer of cigarette then this will increase the cost of production of cigarette and fall in the consumption of cigarettes. Thus, as a result the supply of cigarettes decreases and demand for cigarette also decreases. This will lead to shift the demand curve and supply curve leftwards. This shift decreases the equilibrium quantity of cigarettes but effect on equilibrium price is ambiguous because it will be depend upon the magnitude of the shift of demand and supply curve.
Food business. It is the best example or entrepreneurial activity that anyone is capable of doing which is related to cooking. If you like baking, you can put up a bake shop, or cookie shop.
Answer:Financial statements are prepared after adjustments to ensure that all accounts have been brought to their correct balance.
Explanation: Financial statements are records or documents prepared to give details of the movement of funds in and out of an organisation. Financial statements are vital to the auditors and the business it helps business organisations to determine the true status of affairs in the company,it also helps to ensure that frauds are detected and prevented.
Before preparing Financial statements it is essential that all adjustments are made to ensure that all accounts have been brought to their correct balance.