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3 years ago

Describe the differences between power and authority.

Business

2 answers:

Arisa [49]3 years ago

3 0

Answer:

Power is an entity's or individual's ability to control or direct others, while authority is influence that is predicated on perceived legitimacy.

Karo-lina-s [1.5K]3 years ago

3 0

Answer:

Power is an entity's or individual's ability to control or direct others, while authority is influence that is predicated on perceived legitimacy. Consequently, power is necessary for authority, but it is possible to have power without authority.

Explanation:

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$400 invested with compound interest at a rate of 3% per year for 2 years. Formula: M = P(1+ i)n

max2010maxim [7]

Answer:

$424.36

Explanation:

The applicable formula =M= P ( 1+ r)^2

Where M is the amount after two years

P = principal amount: $400

r = interest rate: 3% or 0.03

n =number of period :2

M= $400 x ( 1+ 0.03) ^ 2

M=$400 x 1.0609

M= $424.36

7 0

3 years ago

Swifty Inc. has three divisions which are operated as profit centers. Actual operating data for the divisions listed alphabetica

Travka [436]

Answer:

(1) Controllable margin $ 191420

(2)  Variable Costs$ 371580

(3) Contribution Margin $ 146380

(4)Controllable fixed costs $45,040

(5) Controllable fixed costs $ 95710

(6) Sales $ 484,180

Explanation:

The workings have been done to show the results.

Swifty Inc.

Women’s Shoes Men’s Shoes Children’s Shoes

Sales 675,600 506,700 (6) $ 484180

Variable costs (2)$ 371580 360,320 281,500

C. Margin $304,020 $ (3)146380 $202,680

(2)  Variable Costs = Sales - Contribution Margin= 675600- 304020=

$ 371580

(3) Contribution Margin= Sales - Variable Costs = 506,700-360,320 = $ 146380

(6) Sales = Contribution Margin + Variable Costs= 281,500 +$202,680 = $ 484,180

Swifty Inc.

Women’s Shoes Men’s Shoes Children’s Shoes

Sales 675,600 506,700 $ 484180

Variable costs $ 371580 360,320 281,500

C. Margin $304,020 $ 146380 $202,680

Controllable

fixed costs 112,600 (4) $45,040 (5) $ 95710

Controllable margin (1) $ 191420 101,340 106,970

(1) Controllable margin=Contribution Margin-Controllable fixed costs

= $ 304,020 -112,600 =$ 191420

(4) Contribution Margin- Controllable margin=Controllable fixed costs

$ 146380 - 101,340 = $45,040

(5) Contribution Margin- Controllable margin=Controllable fixed costs

$202,680 - 106,970 = $ 95710

5 0

3 years ago

On January 1, 2013, Jacob Inc. purchased a commercial truck for $48,000 and uses the straight-line depreciation method. The truc

Jlenok [28]

Answer:

The amount of gain should Jacob Inc. record on December 31, 2015 is $5,000

Explanation:

Truck Value = $48,000

Annual depreciation = ( $48,000 - $8,000) / 8 = $40,000 / 8= $5,000

First year (2013) = $40,000 - $5,000 = $35,000

Second year (2014) = $35,000 - $5,000 = $30,000

Third year (2015)= $30,000 - $5,000 = $25,000

Gain = Sale Value - Truck Value (actual) = $30,000 - $25,000 = $5,000

6 0

3 years ago

What is an example of a functional organizational structure?

schepotkina [342]

The answer is B a hospital

7 0

3 years ago

Read 2 more answers

In 2021, DFS Medical Supply collected rent revenue for 2022 tenant occupancy. For income tax reporting, the rent is taxed when c

lara31 [8.8K]

Answer:

Deferred Tax Asset:

The amount of taxes that is paid or carried forward but not yet identified in the income statement is referred as deferred tax asset

Journal Entries:

Debit: Income Tax Expense (balancing amount) = 812,500

Debit: Deferred Tax Asset = 87,500

Credit: Income Tax Payable = 900,000

Income tax expense reduces the stockholders. equity. Hence, debit income tax expense with $812,500 .
Deferred tax asset is an asset and is increased by $87,500. Therefore, debit deferred tax asset account with $87,500.
Income tax payable increases the liability by $900,000. Therefore, credit Income tax payable account with $900.000.

Working note:

Determine the amount of deferred tax asset.

Deferred tax asset = Rent collected in 2021 × Enacted tax rate

Deferred tax asset = $350,000 × 25%

Deferred tax asset = $87,500

Determine the amount of income tax expense.

Income tax expense = Income tax payable — Deferred tax asset

Income tax expense = $900,000 = $87,500

Income tax expense = $812,500

5 0

3 years ago