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Umnica [9.8K]
3 years ago
7

Discuss the various levels of management in the organization ​

Business
1 answer:
Snowcat [4.5K]3 years ago
8 0

Answer:

The three levels of management typically found in an organization are low-level management, middle-level management, and top-level management. Low-level managers focus on controlling and directing. They serve as role models for the employees they supervise.

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Better Corp. (BC) began operations on January 1, Year 1. During Year 1, BC experienced the following accounting events: 1. Acqui
makkiz [27]

Answer:

Better Corp. (BC)

a. Accounting Equation

Assets                =       Liabilities       +               Equity

1. Cash $7,000                                                   Common stock $7,000

2. Cash $12,000        Bank loan payable $12,000

3. Cash $47,000                                                Service Revenue $47,000

4. Cash ($30,000)                                              Op. expenses ($30,000)

5. Cash ($8,000)                                                Cash dividend ($8,000)

6. Land $20,000 Cash ($20,000)

Assets $28,000   =  Liabilities $12,000  + Equity $16,000

b. Total assets = $28,000

Total liabilities = $12,000

Stockholders' equity = $16,000

Balance Sheet as of December 31, Year 1

Assets:

Cash                     $8,000

Land                  $20,000

Total assets      $28,000

Liabilities:

Bank loan         $12,000

Equity:

Common stock $7,000

R/Earnings          9,000

Total equity    $16,000

Liabilities and

 Equity          $28,000      

c. Total assets = $28,000

Total liabilities = $12,000

Total equity = $16,000

d. The Land will be shown on the December 31, Year balance sheet at $20,000.  The reason is that this is the acquisition cost and the land is not held for trading (no information provided).

Explanation:

a) Data and Analysis based on the Accounting Equation:

1. Cash $7,000 Common stock $7,000

2. Cash $12,000 Bank loan payable $12,000

3. Cash $47,000 Service Revenue $47,000

4. Cash ($30,000) Operating expenses ($30,000)

5. Cash ($8,000) Cash dividend ($8,000)

6. Land $20,000 Cash ($20,000)

7 0
3 years ago
Newly-implemented government regulations have reduced the availability of raw materials for Blair Woodworking Corp. This would b
Arlecino [84]

Answer: Threat

Explanation:

 The threat is one of the important factor in the SWOT analysis that is basically used for analyzing the main causes of the damages in an organization, products and the venture. The threats can be defined as external or in a negative way.

The SWOT is stand for the strengths, weaknesses, opportunities, and the threats and these are the techniques for evaluating the four main aspects of the business.

 According to the given question, the implementation of the new government regulations are reducing the availability of the raw materials and this is known as the external organization threat in the given SWOT analysis.

 Therefore, Threat is the correct answer.

3 0
3 years ago
xcel how many months can a life insurance policy normally be backdated from the date of the application
belka [17]

6 Months can be a life insurance policy normally be backdated from the date of the application.

For Example:- Suppose, he/she purchased a policy with maturity duration of 20 years in March 2022 and backdated it to October 2021, the maturity benefits of the endowment policy can be reaped a year before in October 2041 than the initial date in March 2042.

#SPJ4

4 0
1 year ago
Which of the following would NOT be classified as a current asset on a classified balance sheet? 答案选项组 Intangible assets Short-t
Zinaida [17]

Answer:

Intangible assets

Explanation:

A classified balance sheet is a financial statement that classifies the components in the balance sheet into different groups. For example, assets are classified into current or non current asset

Current assets are all the assets that are either used by a company or sold in the course of the year of the company.

Current assets include

  • cash, cash equivalents
  • accounts receivable
  • stock inventory
  • marketable securities
  • pre-paid liabilities

Intangible assets are classified as  noncurrent (long-term) assets

5 0
3 years ago
Suppose that a company is a price taker and sells its product for $15 each. This tells us that the firm is participating in the
galben [10]

Answer:

perfect competition; equal to $15

Explanation:

A Perfect competition industry is characterised by :

1. Firms that are price takers - They do not set price but prices are set by the forces of demand and supply.

2. Prices are equal to marginal revenue and average revenue.

3. plenty buyers and sellers.

4 free entry and exist of firms.

A monopolistic industry is chartcerised by :

1. Firms that are price makers.

2. Plenty buyers and sellers.

3. Price and average revenue are less than the marginal revenue

A monopoly is characterised by :

1. Firms that are price makers.

2. One seller

3. Price and average revenue are less than the marginal revenue

6 0
3 years ago
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