Answer:
A. a matrix structure.
Explanation:
A matrix organizational structure is a type work structure where reporting relationships between employees are set up as a matrix rather than the conventional hierarchy approach. This simply means, there are two (2) chains of command; employees have dual reporting relationships to both a project and functional manager.
The matrix organizational structure can be classified into three (3) categories, these are;
1. Weak matrix structure.
2. Balanced matrix structure.
3. Strong matrix structure.
In project management, a strong matrix is also known as the project matrix and it basically refers to a matrix project that is significantly similar or having close resemblance with the pure project. In the strong matrix structure, the project manager controls most of the project activities and functions, including the assignment and control of project resources.
This ultimately implies that the project manager primarily holds a full-time role and has a sole authority, and as such control the budget. The role of the functional manager is usually minimal.
Hence, a project organization structure where team members report to a functional manager as well as to the project manager is called a matrix structure.
Answer: $3,153
Explanation:
The amount that will make you indifferent is the future value of the 3 payments at the end of those 3 years at 5%.
Future value of Annuity = Annuity * Future Value interest factor, 3 years, 5%
= 1,000 * 3.1525
= $3,153
Bank will require a final payment of $3,153 for you to be indifferent.
The debit balance at the end of the fiscal year becomes a remaining amount of the revenue (expense) or a deficit from the estimated revenue. This is reported on the income statement and followed on the next report that should be addressed on to the future revenue.
Answer:
Allocated overhead= $45
Explanation:
Allocated overhead = Overhead absorption rate × hours required
Machining = 4 hours × $6= $24
Sanding = 1 × $15 = $15
Painting = 2 × $3 = $6
Overhead allocated -= $24 + $15 +$6 = $45
Allocated overhead= $45
The problem wants to find out the cash flow per period that
Robert will make from his 40th birthday until his 65th
birthday. We know that he wants to get $500,000 by his 65th birthday
thus this is the future value of his money. To solve for the cash flow per
period, the equation is Future value = Annuity * [((1+i)^n-1)/i]. The n is the
number of payments Robert would make which is 25. The answer would be $3749.98.
