All categories

2 years ago

What is the difference between line structure and line-and-staff structure?

1 answer:

3 0

A "line function" is one that directly advances an organization in its core work. This always includes production and sales, and sometimes also marketing. A "staff function" supports the organization with specialized advisory and support functions.
Staff and line - Wikipedia

You might be interested in

ou are planning to save for retirement over the next 30 years. To do this, you will invest $890 per month in a stock account and

Romashka [77]

Answer:

Monthly withdraw= $23,294.99

Explanation:

Giving the following information:

Stock:

Monthly deposit= $890

Number of periods= 30*12= 360

Interest rate= 0.109 / 12= 0.0091

Bond:

Monthly deposit= $490

Number of periods= 30*12= 360

Interest rate= 0.069 / 12= 0.00575

<u>First, we need to calculate the amount of money collected at the moment of retirement. We need to use the following formula on each investment:</u>

<u />

FV= {A*[(1+i)^n-1]}/i

A= monthly deposit

Stock:

FV= {890*[(1.0091^360) - 1]} / 0.0091

FV= $2,452,918.1

Bond:

FV= {490*[(1.00575^360) - 1]} / 0.00575

FV= $586,123.47

Total FV= 2,452,918.1 + 586,123.47

Total FV= $3,039,041.57

<u>Now, the monthly withdrawal for 25 years:</u>

<u />

Number of periods= 25*12= 300

Interest rate= 0.079 / 12= 0.0066

Monthly withdraw= (FV*i) / [1 - (1+i)^(-n)]

Monthly withdraw= (3,039,041.57*0.0066) / [1 - (1.0066^-300)]

Monthly withdraw= $23,294.99

7 0

2 years ago

The journal entry required to close the Drawing account is _____. a debit to Income Summary account and a credit to Drawing acco

Alex_Xolod [135]

The journal entry required to close the Drawing account is debit to Income Summary account and a credit to Drawing account.

Option a) is correct.

<h2>What is Income Summary account ?</h2>

An income summary is a temporary account that is used to net the closing entries from all the revenue and expense accounts at the conclusion of the accounting quarter. The final balance is regarded as a gain or loss. The company made a profit for that year if the net balance of the income summary is a credit balance, and a loss for that year if the net balance is a debit balance.

It lists all earnings and costs related to both operational and non-operating operations. It is also known as a revenue and expense summary as a result.

Learn more about Income summary Accounts here:

brainly.com/question/21851842

#SPJ4

8 0

1 year ago

The capital accounts of Hawk and Martin have balances of $160,000 and $140,000, respectively, on January 1, the beginning of the

Serhud [2]

Answer:

a. $213,000

Explanation:

8 0

2 years ago

Dakota Corporation decided to issue three-year bonds denominated in 5 million Russian rubles at par. The bonds have a coupon rat

sertanlavr [38]

Answer:

23.39%

Explanation:

From the given information, the amount was raised in rubies, Hence, we will convert them to dollars to be able to pay back the needed obligations.

However, according to the exchange rates, the IRR of dollar cash flow is the actual cost of financing that the company will address.

By applying the EXCEL FORMULA to compute the actual cost of financing, we get;

A B C D E

Coupon 17%

Year 0 1 2 3

Cashflow in

rubles 5,000,000 5000000*17% 5000000*17% 5000000+850

= 850000 = 850000 000

= 5850000

Exchange $0.30 $0.032 $0.034 $0.035

rate

(per rubles) 5,000,000 5,000,000 5,000,000 5,000,000

Cash flow × 0.03 × 0.032 × 0.034 × 0.035

in dollars = $150000.00 27200.00 28900.00 204750.00

IRR 23.39%

8 0

2 years ago

The government regulates financial markets for two main reasons: A. to ensure that financial intermediaries do not earn more tha

Keith_Richards [23]

Answer:

C. to improve control of monetary policy and to increase the information available to investors.

Explanation:

The government regulates the financial markets for the investor as they ate fully informed and are free from the manipulation and thus the financial markets are made strong by the government and more stable for work.

4 0

2 years ago