<span>A written report of the boating accident must be filed within 10 days if the boat or property damage is in excess of $2000 or total boat loss. Forms can be obtained from the local law enforcement authorities. </span><span>The boat operator or owner usually completes the form unless she/he is physically unable to do so.</span>
Answer:
True.
Explanation:
One of the financial benefits of giving in the contribution can be the tax deduction. Although, there are few conditions and terms that one should keep in mind. If the contribution is made to a legitimate organization or any legitimate charitable trust, which has their names listed as the 501(c)3 organization, then the tax is likely to be deductible. However, if the contribution is to an unknown organization, there can be high chances of fraudulent activity coming under consideration. Therefore, one must be well aware before making any such contributions and especially when one is looking for tax deduction approaches.
Answer:
The correct answer is the option B: top management can concentrate on issues such as overall strategy, lower-level managers have low motivation and job satisfacttion due to increased responsibility changes in the operating environment can be responded to rapidly lower-level managers are trained for higher positions.
Explanation:
To begin with, the fact that a organization is decentralized means that the decision making process tends to be more cooperative between the different members of the different levels of the organization and also that they tend to decide for they own area. Therefore that it also means that top management can concentrate on issues such as overall strategy and that the lower-level managers can be trained for higher positions when there are changes in the operating environment in order to establish a better organization.
Answer:
The administrative expenses in the planning budget for June would be closest to:
- d. $5,670 ⇒ $5,400 + (2,700 x $0.10) = $5,400 + $270 = $5,670
The net operating income in the planning budget for June would be closest to:
- c. $16,220 ⇒ ($47.80 x 2,700) - [$50,200 + (2,700 x $23.20)] = $129,060 - ($50,200 + $62,640) = $129,060 - $112,840 = $16,220
The medical supplies in the flexible budget for June would be closest to:
- d. $18,440 ⇒ $1,700 x (2,700 x $6.20) = $1,700 + $16,740 = $18,440
Answer:
$1, 727.68
Explanation:
Cheryl wants to have $2000 three years from now in an account that pays 5%
The $2000 is equivalent to the Future value when applying the compound interest formula. The present value is the amount she needs to invest now.
Fv= PV (1+5/100)^3
$2000 = PV(1+0.05)^3
$2000 =Pv 1.157625
Pv = $2000/1.157625
Pv= 1,727.68
Cheryl has to invest $1, 727.68