A job description should be?


A. Considered a guide.

B. Followed to the letter.

C. Created in the interview.

Question Completion with Options:

i. Line Organisation

ii. Staff Organisation

iii. Functional Organisation

iv. Committee Organisation Code  

Answer:

The option that is not a standard organizational structure is:

iv. Committee Organisation Code

Explanation:

The organizational structure adopted by an entity reflects how some of its rules, roles, and responsibilities are directed between organizational levels in order to achieve its goals. The organizational structure also shows the information flows between different levels within the entity.  Traditionally, organizations maintained hierarchical, functional, divisional, matrix, and flat organizational structures.  Given current digitalization with its internet of things (IoT), more decentralized, network, and team-based organizational structures have emerged.

Answer:

Mar 1

Dr Petty Cash $771.00

Cr Cash $771.00

Mar 31

Dr Office Supplies $33.00

Dr Selling Expenses 113.00

Cr Cash Short and Over $27.00

Cr Cash $119.00

Explanation:

Preparation of the entry to Record any discrepancy in the cash short and over account.

Mar 1

Dr Petty Cash $771.00

Cr Cash $771.00

(To record petty cash)

Mar 31

Dr Office Supplies $33.00

Dr Selling Expenses 113.00

Cr Cash Short and Over $27.00

[($33+$133+$632)-$771]

Cr Cash $119.00

(33+$133-$27)

(To Record discrepancy in the cash short and over account)

Answer:

A Farmer

i) Loan principal = $178,033 ($176,590 + $443 + $1,000)

ii) Required stock purchase = $1,000

iii) Annual loan payment (fully amortized at 6.19%) is:

= a. $15,032.59

Explanation:

a) Data and Calculations:

Required loan amount = $176,590.00

Period of loan = 22 years

Interest rate = 6.19%

Loan fee = $443.00

Stock purchase = lesser of $1,000 or 3.00% of loan amount

= lesser of $1,000 or $5,297.70 ($176,590 * 3%)

i) Loan principal = $178,033 ($176,590 + $443 + $1,000)

ii) Required stock purchase = $1,000

iii) Annual loan payment (fully amortized at 6.19%) = $15,030 approximately :

(# of periods)  22

I/Y (Interest per year)  6.19

PV (Present Value)  178033

FV (Future Value)  0

PMT = $15,030.02

Sum of all periodic payments $330,660.34

Total Interest $152,627.34

Answer:

Media richness theory states that all communication media vary in their ability to enable users to communicate and to change understanding. ... A primary driver in selecting a communication medium for a particular message is to reduce the equivocality, or possible misinterpretations, of a message.

Answer:

The term "media wealth" was described in 1986 by Richard Daft and Robert Lengel for the first time in the context of the media wealth theory. Media wealth describes the learning density that can be transmitted by a specific communication medium.

Explanation:

Before the growth of electronic communication media, MRT was developed to help managers decide which medium was best suited to communicate a message in business situations.

Rich media, such as conversations and phone calls, were best considered to be not-routine messages, while lean media were considered acceptable to routine messages like unaddressed memoranda.

The media wealth has been extended in the past two decades to cover the strengths and weaknesses of new media – from email to websites, video lectures, voice men, and immediate messages.

In media-rich contexts, humans evolved. Facial communication was the only way to communicate for hundreds of thousands of years living in stable, close-knit social groups. The concept of media choice did not exist until about 5,000 years ago, because it was not one-to-one or nothing apart from smoke signals.

Answer:

Earnings per share = (Net income - Preferred dividends) / Number of shares outstanding

2020:

= (171 - 17) / 300

= $0.51 per share

2021:

= (160 - 22) / 250

= $0.55 per share

Answer and Explanation:

The classification is as follows:

Under Materials activity  

Opening balance of Raw materials inventory

Purchase of the Raw materials purchases

Under Production activity:

OPening balance of Work-in process inventory

Raw material used

Direct labor used

Factory overhead used

Under Sales activity:

Goods manufactured

In this way it should be categorized

Hence, the same should be relevant

Answer:

liability risk

Explanation:

Answer:

liability risk is right opstion

Answer:

Explanation:

1. Total amount of oats allowed for the actual output:

= Cartons of oatmeal produced * Oatmeal per carton

= 750,000 * 18

= 13,500,000 ounces of oatmeal

2. Labor hours allowed for actual output:

= Cartons of oatmeal produced * Labor hours required

= 750,000 * 0.05

= 37,500 labor hours

Answer:

a. loses

b. gains

c. loses

d. loses

Explanation:

the cost to the buyer, sellers of laptops and desktops would result in the above listed loses or gains.

If the government offers a subsidy to laptop sellers, the laptop buyer would bear the loss, and seller gains, and the desktop computer seller and buyer bear the loss also.

A subsidy, often known as a government incentive, is a type of financial assistance or support given to a particular economic sector with the goal of supporting economic and social policy.

Although most usually associated with government assistance, the phrase subsidy can refer to any sort of assistance, such as that provided by NGOs or as implicit subsidies.

In the above case, The subsidy will help the seller in producing the laptops as the seller gains more profit from the customers, as a result, buyer will bear the loss.

Subsidy will also not help the Desktop computer sellers and the buyers, as it is beneficial to the only seller of the laptop in which the laptops are the substitute of desktops.

Learn more about the subsidy, refer to:

https://brainly.com/question/17136613

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Statement that does not describes Advantages of the corporate form is D: legal liability of its owners is unlimited.

Therefore, option D is correct.

Learn more at:

https://brainly.com/question/11810741?referrer=searchResults

Answer:

b. $1.40

Explanation:

The computation of the minimum transfer price that the Lumber Division could accept is shown below:

= Variable production cost per bd. ft. + Variable selling cost per bd. ft.

= $1.25 + $0.50

= $1.40

Hence, the minimum transfer price that the Lumber Division could accept is $1.40

Therefore the option b is correct

The minimum transfer price that the Lumber Division could accept is $1.40.

Transfer pricing is the method in which the product is sold out bey one subsidiary to another but within the company.

This method is used when the subsidiaries of a parent company are measured as separate earnings essences.

The computation of the minimum transfer price:

The minimum transfer price is found out by apply the formula:

[tex]\text{Minimum Transfer Price}= \text{Variable Production Cost per bd. ft.}-\text{Variable Selling Cost per bd. }[/tex]

According to the given case,

Variable production cost per bd. ft. = $1.25,

Variable selling cost per bd. ft. = $0.50.

Now apply the values in the above formula, we get:

[tex]\text{Minimum Transfer Price}= \text{Variable Production Cost per bd. ft.}-\text{Variable Selling Cost per bd. }\\\\\text{Minimum Transfer Price}= \$1.25 + \$0.50\\\\\text{Minimum Transfer Price}=\$1.40[/tex]

Therefore, the minimum transfer price that the Lumber Division to accept is $1.40. So, option D is correct.

Learn more about the transfer price, refer to:

https://brainly.com/question/4144684

Answer:

The Answer: A

Explanation:

Because if you are going to put up a business website you need to keep refreshing it and putting new things onto the website in order for you to have customers because if you dont have anything new in stock people arent gonna wanna keep coming back and using the same product they are going to go to a different website where there is a wider variety of things to purchase.

Hope this helps!

Answer:

Chester Corporation

Revenue for March Income Statement for this order = $0

Revenue for April Income Statement for this order = $1,215

Explanation:

a) Data and Calculations:

March: orders of 81 units at a price of $15 received = $1,215

Credit terms = 30 days

April, delivery of 81 units

March, payment for 41 units received

April, payment for 41 units received

In the March income statement, no revenue is recognized on the March Income Statement from this order because the delivery is for April.  All revenue will be accounted for in April.

Answer:

$32,480

Explanation:

Calculation to determine what The incremental income or loss on reworking the units is:

First step is calculate the Net benefit per unit to rework

Incremental revenue from reworking $16.80

($22.60 - $5.80)

Less Incremental cost to rework ($5.20)

Net benefit per unit to rework $11.60

Now let calculate the Incremental income from reworking

Incremental income from reworking= ($11.60 * 2,800 units)

Incremental income from reworking=$32,480

Therefore The incremental income or loss on reworking the units is:$32,480

Answer:

Cash flow from operations will increase by $2,200.

Explanation:

The amount of increase in cash flow from operations can be calculated as follows:

Increase in cash flow from operations = Sales - Increase in accounts receivable + Increase in accounts payable …………… (1)

Sales = $2,500

Increase in accounts receivable = $800

Increase in accounts payable = $500

Substituting the values into equation (1), we have:

Increase in cash flow from operations = $2,500 - $800 + $500 = $2,200

Therefore, cash flow from operations will increase by $2,200.

Answer:

Departmental overhead rates

Answer:

abcde

Explanation:

abcde...................................................

Answer:

c. This statement is false.

Explanation:

Anti-Trust Department is the department in the united states that could enforced the anti-trusted law. They have the right to investigate onto the collusion, this could harm the competition that could lead the welfare loss

Since large share could be considered so it should be controlled and investigated

Therefore the given statement is false

Answer:

Benjamin Company

Assuming Benjamin has excess capacity and accepts the offer, its profits will increase by:

= $3,995.

Explanation:

a) Data and Calculations:

Sales (16,000 units at $9.95)                          $159,200

Direct materials and direct labor                     $95,200

Overhead (20% variable)                                    15,200

Selling and administrative expenses (all fixed) 31,900

Total expenses                                                (142,300)

Operating income                                            $16,900

Relevant costs:

Direct materials and direct labor                     $95,200

Variable Overhead (20% variable)                       3,040 ($15,200 * 20%)

Total expenses                                                  (98,240)

Variable cost per unit = $6.14 ($98,240/16,000)

Additional costs:

Fixed overhead                                                        590

Selling and administrative expenses (all fixed)     290

Accepting the offer:

Revenue from offer =       $28,821 (3,900 * $7.39)

Costs:

Variable cost                    $23,946 (3,900 * $6.14)

Additional cost:

Fixed overhead                      590

Selling and

administrative expenses      290

Total costs on the offer $24,826

Increase in profits =         $3,995

Answer:

C.

Explanation:

Answer:

Debit Salaries Expense $2,500

Credit FICA—Social Security Taxes Payable $155

Credit FICA—Medicare Taxes Payable $36.25

Cedit Employee Federal Income Taxes Payable $400,

Credit Employee State Income Taxes Payable $25

Credit Employee Medical Insurance Payable r $100

Credit Salaries Payable $1,783.75

Explanation:

Preparation of the January 15 journal entry for Lopez

January 15

Debit Salaries Expense $2,500

Credit FICA—Social Security Taxes Payable $155

(6.2%*$2,500)

Credit FICA—Medicare Taxes Payable $36.25

(1.45%*$2,500)

Cedit Employee Federal Income Taxes Payable $400,

Credit Employee State Income Taxes Payable $25

Credit Employee Medical Insurance Payable r $100

Credit Salaries Payable $1,783.75

($2,500-$155-$36.25-$25-$100)

Answer:

Date                      Account Title                                      Debit            Credit

June 30                Cash                                                    $150

                             Interest revenue                                                      $150

Explanation:

Interest earned is considered to be revenue so it will be credited to the interest revenue account.

Cash will be debited because the interest revenue increased it and assets are debited when they increase.

Answer: Appreciation; 2%

Explanation:

From the information given in the question,

Domestic Interest rate = 12%

Foreign interest rate = 10%

Let's assume,

S = spot exchange rate

F = forward exchange rate,

Based on the per interest rate parity, the forward exchange rate will be:

F = S × (1 + 10%) / (1 + 12%) = 0.98x

F = S × (1+0.1)/(1+0.12) = 0.98x

Therefore, the forward exchange rate will be expected to fall by:

= 1 - 0.98

= 0.2

= 2%

Answer: D. Enforce the contract.

Explanation:

This falls under the doctrine of Promissory estoppel. This posits that when a party to a contract has invested their money into procuring the necessary tools to fulfil their part of the contract, the other party may not cancel the contract unless they pay the former party what they would have made from the contract.

This is because the party that used their money to procure tools (Susan in this case) would not have done so if the other party (Andy) had not made a promise to them in the contract that they would fulfil their part of the bargain.

The Courts would therefore enforce the contract.

Answer: Monopolistic competition

Explanation:

Based on the information given in the question, the industrial model that best fits the wine market is a monopolistic competition.

Monopolistic competition refers to a form of imperfect competition whereby there are many producers that are competing against each other. They sell differentiated products, therefore the products are not perfect substitutes

In a monopolistic competition, the barriers to entry are low in this industry, and profits for new entrants are small. The firms in the industry possess some market power and therefore can charge a price that's higher price than a competitor. It should also be noted that a zero economic profit is earned in the long run.

Complete Question:

Krepps Corporation produces a single product. Last year, Krepps manufactured 32,150 units and sold 26,900 units. Production costs for the year were as follows: Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead $234, 695 $154, 320 $279, 705 $482, 250 Sales totaled $1,277,750 for the year, variable selling and administrative expenses totaled $158,710, and fixed selling and administrative expenses totaled $212.190. There was no beginning inventory. Assume that direct labor is a variable cost. Under variable costing, the company's net operating income for the year would be:

Multiple Choice

O $28,350 higher than under absorption costing.

0 $28,350 lower than under absorption costing.

0 $78,750 lower than under absorption costing,

0 $78,750 higher than under absorption costing.

Answer:

Krepps Corporation

Under variable costing, the company's net operating income for the year would be:

0 $78,750 lower than under absorption costing

Explanation:

a) Data and Calculations:

Production units = 32,150 units

Sales units = 26,900 units

Production costs :

Direct materials                               $234, 695

Direct labor                                       $154, 320

Variable manufacturing overhead $279, 705

Fixed manufacturing overhead     $482, 250

Sales for the year                          $1,277,750

Variable selling and administrative expenses  $158,710

Fixed selling and administrative expenses      $212,190

Income Statement under variable costing:

Sales for the year                                               $1,277,750

Variable cost of goods sold                                $559,520

Variable selling and administrative expenses     $158,710

Total variable costs                                              $718,230

Contribution margin                                           $559,520

Fixed manufacturing overhead                         $482,250

Fixed selling and administrative expenses       $212,190

Total fixed costs                                                $694,440

Net operating loss                                             $134,920

Direct materials                               $234, 695

Direct labor                                       $154, 320

Variable manufacturing overhead $279, 705

Total variable manufacturing cost  $668,720

Production units =                            32,150

Unit costs = $20.60

Cost of goods sold = $559,520 ($20.80 * 26,900)

Income Statement under absorption costing:

Sales for the year                                               $1,277,750

Cost of goods sold                                              $963,020

Gross profit                                                           $314,730

Fixed selling and administrative expenses        $212,190

Variable selling and administrative expenses    $158,710

Total fixed costs                                                 $370,900

Net operating loss                                                $56,170

Direct materials                               $234, 695

Direct labor                                       $154, 320

Variable manufacturing overhead $279, 705

Fixed manufacturing overhead     $482, 250

Total manufacturing costs             $1,150,970

Production units = 32,150

Cost per unit = $35.80

Cost of goods sold = $963,020 ($35.80 * 26,900)

Difference = $78,750 ($134,920 - $56,170)