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3 years ago

16. Who has the control and management of company? (1) (a) Managing committee (b) Partners

Business

1 answer:

Oksana_A [137]3 years ago

8 0

Answer:

(d) Board of directors

Explanation:

The board of directors is at the summit of a company's organizational structure. It is the most senior decision-making organ of a company. It is composed of a group of individuals elected to represent the shareholders. The board of director's main role is to give policy direction and oversight the top management.

The board of directors is a purely managerial body. It meets at intervals to discuss company affairs. The board of directors recruits the chief executive officer of the company.

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A retail company sells products such as agricultural produce and consumer products. The company procures materials from farmers

mojhsa [17]

Answer:

Inbound logistics

Explanation:

Inbound logistics is the process of obtaining raw materials, and other goods and services, to the firm, while outbound logistics is the process of delivering the final goods and services from the firm to the customers.

In this case, the retail company is engaging in inbound logistics because it is procuring the raw materials from local farmers. Once these materials reach the firm, it can transform them into the agricultural produce and consumer produce that it sells.

5 0

4 years ago

White Company has two departments, Cutting and Finishing. The company uses a job-order costing system and computes a predetermin

NeX [460]

Answer:

1. Cutting Department = $8.99 per machine hour and Finishing Department = $11.53 per direct labor hour.

2. The total manufacturing overhead cost assigned to Job 203 is $2,058.46.

3. Yes. Plant wide pre-determined overhead rate does not consider the cost driver in the departments involved.

Explanation:

<em>Predetermined overhead rate = Budgeted Overheads / Budgeted Activity</em>

Cutting Department = $390,000 / 43,400

= $8.99 per machine hour

Finishing Department = $496,000 / 43,000

= $11.53 per direct labor hour

<u>Total manufacturing overhead cost assigned to Job 203.</u>

Direct materials

Cutting Department $ 745.00

Finishing Department $ 370 .00

Direct labor costs

Cutting Department $ 43.00

Finishing Department $ 210.00

Variable manufacturing overhead

Cutting Department ($2.00 × 43) $86.00

Finishing Department ($2.00 × 4) $8.00

Variable manufacturing overhead

Cutting Department ($3.75 × 3) $11.25

Finishing Department ($3.75 × 13) $48.75

Fixed manufacturing overhead

Cutting Department ($8.99 × 43) $386.57

Finishing Department ($11.53 × 13) $149.89

Total $2,058.46

5 0

3 years ago

Kennel earns service revenue by caring for the pets of customers. Tiny Town Kennel is organized as a sole proprietorship and own

yanalaym [24]

Answer:

a) Increase asset (Cash): Increase equity (Service Revenue) - GUIDE

b) Decrease equity (Salaries): Decrease asset (Cash)

c) Increase asset (Cash): Increase equity (Capital)

d) Increase asset (Receivable Accounts): Increase equity (Service Revenue)

e) Decrease equity (Utility): Increased liabilities (Others payable accounts)

f) Decrease equity (Capital): Decrease assets (Cash)

Explanation:

Accounting Equation Formula :

Assets = Liabilities + Equity

According to the formula transactions must be recorded as follows:

<em>DEBIT:</em> Asset increases, Liabilities decreases, and Equity decrease.

<em>CREDIT:</em> Asset decreases, Liabilities increases, and Equity increase.

3 0

3 years ago

The chapter identifies three governing mechanisms for strategic alliances: non-equity, equity, and joint venture. List the benef

Paul [167]

A strategic alliance is an arrangement between two companies to undertake a mutually beneficial project while each retains its independence.

The agreement is less complex and less binding than a joint venture, in which two businesses pool resources to create a separate business entity.

<h3>What is Joint Venture?</h3>

A joint venture is a child company of two parent companies.

It’s maintained by sharing resources and equity with a binding agreement. Whether it’s formed for a specific purpose or an ongoing strategy, a joint venture has a clear objective, and profits are split between the two companies.

<h3>What is Non – Equity Strategic Alliance?</h3>

In a non-equity strategic alliance, organizations create an agreement to share resources without creating a separate entity or sharing equity.

Non-equity alliances are often more loose and informal than a partnership involving equity. These make up the vast majority of business alliances.

Learn more about strategic alliances here:

<h3>brainly.com/question/19474063</h3><h3 /><h3>#SPJ4</h3>

3 0

2 years ago

When senior managers of a construction firm gather information to evaluate whether supply trends will have a significant effect

serg [7]

Answer:

The correct answer is letter "A": True.

Explanation:

Managers are in constant search of maximizing profits and minimizing costs. While talking about larger entities where suppliers take a key role for the business, high-rank executives look for different entities from where their supplies can be obtained without affecting the quality of their output but minimizing the expenses of the firm. These activities are considered inherent for the business.

6 0

3 years ago