Answer:
Explanation:
The journal entries are shown below:
1. Cash A/c Dr$598
To Sales $560
To Cash over and short $38
(Being the cash sales are recorded and the remaining balance is credited to the cash over and short account)
2. Cash A/c Dr $1,112
Cash over and short A/c Dr $36
To Sales A/c $1,148
(Being the cash sales are recorded and the remaining balance is debited to the cash over and short account)
Answer:
c) 82.33 is the percentage decrease in revenue from tourist to Florida
Answer:
A. 11 %
Explanation:
Given that TopCo owns 40% of Botco, in order to gain control botco, it must either directly or/and indirectly have more than 50% of botco voting stock. Meaning it must acquire more than 10% extra in order to gain control. Thus, if Midco that topco have 60% of is able to acquire 11% of Botco, then topco will be able to have 51% control over botco with 40% coming directly and 11% coming indirectly through it 60% control over Midco.
Answer:
Organic structure.
Explanation:
Organic structure: It is defined as flat organizational structure as it does not follow normal hierarchical structure, it is more of a decentralized structure with a lesser layer of management at every level, where more information is shared among employee and each department co-operate with other departments, which helps the organization to adapt well with the changes. Employees have the opportunity to participate in the decision-making process of the organization.
In the given case, Steel manufacturing firm are following an environment that is simple and integrated but also dynamic and hostile, which is a perfect organic structure.
The variable cost is calculated as -
Sales - Variable cost = Contribution Margin
Given, Contribution Margin = 25 %
Variable cost = 1 - Contribution Margin = 1 - 25 % = 75 %
25 % of Sales = Contribution Margin = $ 400,000
Sales = $ 400,000 ÷ 25 %
Sales = $ 1,600,000
Variable costs = 75% of Sales = 75 % × $ 1,600,000 = $ 1,200,000
