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3 years ago

Why is it important for a company to have structure?:

2 answers:

7 0

Answer :

It is important to give your company a framework that allows it to grow over time. Structure will give employees more clarity, help manage expectations, enable better decision-making and provide consistency

TEA [102]3 years ago

7 0

Answer: Organizational structure provides guidance to all employees by laying out the official reporting relationships that govern the workflow of the company. A formal outline of a company's structure makes it easier to add new positions in the company, as well, providing a flexible and ready means for growth.

Explanation:

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When they first started to conduct business, international ride-sharing companies such as Uber or Lyft relied on new, unfamiliar

kobusy [5.1K]

Ride sharing is transformational innovation, according to the innovation matrix.

Uber and Lyft use transformational innovation

Transformational innovation includes making discoveries and creating products for the market.
Companies like Uber use credit and debit cards for reservations, a novel tactic.
Such ideas were virtually unknown to markets in many nations.
In some markets, it gave businesses like Uber a competitive edge.

To learn more about transformational innovation, refer to-

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2 years ago

ABC purchases inventory for $2,000 and incurs shipping costs of $100 for the goods to be delivered. To record this transaction,

Rus_ich [418]

Answer: 1. D) Assets are understated

2. D) Car dealers

Explanation:

1. The shipping costs to bring Inventory into a business are known as Carriage Inwards. This amount is to be debited with the Inventory as it is considered to be part of the cost of acquiring the inventory. By not putting this cost with the inventory, ABC is undervaluing the inventory account which is an Asset account. The Assets are therefore understated.

2. The Specific Identification Method of inventory valuation is based on each individual unit purchased or sold. It does not group items and tracks each item from the moment it is purchased to the moment it is sold so the cost of the specific inventory is known. This method is used more often by businesses that deal with easily identifiable items such as Jewellers and Car dealers because each car is big enough to be tracked individually.

6 0

3 years ago

Describe voluntary exchanges

Ann [662]

Voluntary exchange is the actions of buyers and sellers freely coming together in the marketplace to buy and sell goods. They are not restricted or told what to buy, how to buy it, or how much, by the government or any other regulator.

6 0

3 years ago

Crane Company buys merchandise on account from Sheridan Company. The selling price of the goods is $1,350 and the cost of the go

trapecia [35]

Explanation:

The journal entry is as follows

In the books of Crane company

Merchandise Inventory A/c $1,350

To Accounts payable A/c $1,350

(Being inventory purchased on credit)

In the books of Sheridan Company

Account receivable A/c Dr $1,350

To Sales revenue $1,350

(Being the goods are sold on credit)

Cost of goods sold A/c Dr $655

To Merchandise Inventory A/c $655

(Being goods are sold at cost)

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3 years ago

Following are income statements for Hossa Corporation for 20X1 and 20x2. Percentage of sales amounts are also shown for each ope

I am Lyosha [343]

Please find full question attached Answer and Explanation:

Please find full answer and explanation attached

We have done a change analysis using data from Hossa's net income statement

From the analysis we can observe that only increase in sales brings a positive effect and therefore the result of increase in net income

7 0

3 years ago

Why is it important for a company to have structure?:​

Why is it important for a company to have structure?: