HipHop Music Company assigns workers to departments based on similar skills. Currently, the company has a marketing department, a production department, a finance department, and a human resources department. This suggests that Hip Hop departmentalized by: __.

Answers

Answer 1
Answer:

Answer:

Function

Explanation:

Functional departmentalisation is when staff who perform similar functions are put in the same department.

Examples of functional departmentalisation includes-  marketing department, production department, finance department, human resources department.

Advantages of functional departmentalisation include:

1. It makes coordination of activities easier

2. It enhances supervision of staff

3. It enhances specialisation.

Functional departmentalisation can lead to overspecialisation and the inability of managers to perform in other departments other than their primary departments.

Other types of departmentalisation are :

1. Customer departmentalisation

2. Geographic departmentalisation

3. Process departmentalisation

4. Product departmentalisation


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The Victor Company sells two products. The following information is provided: Product A Product BUnit selling price$100 $150 Unit variable cost$30 $70 Number of units produced and sold 20,000 60,000 What is the weighted average contribution margin per unit?A. $75.00
B. $80.00
C. $77.50
D. $72.50

Answers

Answer:

Weighted average contribution margin= $77.5

Explanation:

Giving the following information:

Product A Product B

Unit selling price $100 $150

Unit variable cost $30 $70

Number of units produced and sold 20,000 60,000

First, we need to determine the sales proportion:

Product A= 20,000/80,000= 0.25

Product B= 0.75

To calculate the weighted-average contribution margin, we need to use the following formula:

Weighted average contribution margin= (weighted average selling price - weighted average unitary variable cost)

Weighted average contribution margin= (0.25*100 + 0.75*150) - (0.25*30 + 0.75*70)

Weighted average contribution margin= 137.5 - 60

Weighted average contribution margin= $77.5

Caroline is working for a marketing firm making $60,000 per year but considers starting her own marketing company. Caroline has determined that to launch the business, she needs to invest $100,000 of her own funds. The annual cost of running the business will include $75,000 for the rent of the office space, $190,000 for employee wages, and $6,000 for materials and utilities. Caroline plans to manage the business, which means that she will have to quit her current job. Suppose that the interest rate (or rate of return) on investments in the economy is 6%.Caroline's total implicit cost per year is .

Answers

Answer:

$66,000

Explanation:

The computation of the total implicit cost per year is shown below:

= Given up salary + investment amount × interest rate on investment in the economy

= $60,000 + $100,000 × 6%

= $60,000 + $6,000

= $66,000

We simply added the given up salary and investment amount after considering the interest rate on investment so that the accurate amount could come

Which 3 are benefits of using apps with QuickBooks Online?

Answers

The QuickBooks Online can supply additional information about numerous aspects, cut down on data entering time, and are capable of meeting industry-specific requirements.

What is QuickBooks?

QuickBooks is an accounting software company whose products include desktop, internet, and cloud-based accounting solutions for processing bills and business payments.

QuickBooks is primarily aimed at small and medium-sized businesses. There are many advantages of the Quick book.

The advantages of QuickBooks include the following:

  • It can cut down on data entering time.

  • It can supply additional information about numerous aspects of a company.

  • They are capable of meeting industry-specific requirements.

Therefore, QuickBooks online furnishes many advantages to the business and individuals.

Learn more about the QuickBooks, refer to:

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Answer:

- They can provide additional insight into various parts of a business

- They can reduce time spent on data entry

- They can solve industry-specific needs

Explanation:

Williams Company pays each of its two office employees each Friday at the rate of $240 per day for a five-day week that begins on Monday. If the monthly accounting period ends on Tuesday and the employees worked on both Monday and Tuesday, the month-end adjusting entry to record the salaries earned but unpaid is:

Answers

Answer:

DrSalaries Expense $960

Cr Salaries Payable $960

Explanation:

Based on the information given we were told that the Company pays each of its two office employees each Friday at the rate of $240 per day which means that if the employees worked on both Monday and Tuesday, the month-end adjusting Journal entry to record the salaries earned but unpaid is:

Dr Salaries Expense $960

Cr Salaries Payable $960

Using this formula to Calculate the amount

Amount = Rate per day * Number of days * Number of employees

Let plug in the formula

Amount= $240 * 2 * 2 employees

Amount= $960

In preparing a responsibility income statement that shows contribution margin and responsibility margin, two concepts are involved in allocating costs to the various centers. These concepts are: Group of answer choices Whether the costs are variable or fixed and whether they are material in dollar amount. Whether the costs are traceable to the responsibility center and whether the responsibility center is organized as a profit center or an investment center. Whether the costs are variable or fixed and whether they are directly traceable to the responsibility center. Whether the costs are traceable to the responsibility center and whether they are material in dollar amount. None is correct.

Answers

Answer: Whether the costs are variable or fixed and whether they are directly traceable to the responsibility center.

Explanation:

The Responsibility Income Statement is one where the different centers in a business have their own sub income statement so that the activities of each center and their profitability is measured and monitored.

In this statement, costs are classified as Variable and Fixed so it is important that it is known whether the costs are variable or fixed.

As the statements are per center, the costs in them would have to be only those that are directly traceable to that center so that a truer reflection of the statements can be seen.

Final answer:

The main concepts involved in preparing a responsibility income statement encompass the traceability of costs to the responsibility center and the form of organization of the responsibility center, either as a profit center or an investment center.

Explanation:

In preparing a responsibility income statement that shows both the contribution margin and the responsibility margin, two primary concepts involve the allocation of costs to varying centers. Firstly, one needs to ascertain whether these costs are directly traceable to the responsibility center, meaning it must be identifiable and characterized to a specific center. Secondly, it's imperative to determine whether the responsibility center is structured as a profit center or an investment center. A profit center bears responsibility for both costs and revenue, while an investment center is accoutable for costs, revenue and assets.

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Canada is currently the second largest producer of nickel in the world. The recent reopening of the world famous Voisey's Bay mine, which has total resources estimated at 124 million tons of nickel-bearing ore, should give Canada a clear:comparative advantage

Answers

Answer:

The correct answer is: comparative advantage.

Explanation:

In Business, comparative advantage is an advantage that a company has over its competitors. The strategy relies on the company being able to produce at a lower comparative cost. This is achieved by lowering production costs or by introducing more efficient manufacturing strategies.

In Canada's case, the reopening of Voisey's Bay mine implies an opportunity to lower the costs of the commercialization of nickel since there will be more of that resource available for extraction.

Final answer:

Canada, being a significant nickel producer with the reopening of Voisey's Bay mine, is said to have a comparative advantage. This term refers to a country's ability to produce goods at lower opportunity costs compared to others, which allows Canada to efficiently produce and export nickel.

Explanation:

Canada's position as the world's second-largest producer of nickel, paired with the reopening of the Voisey's Bay mine, equips Canada with what is known as a comparative advantage in the global nickel market. A comparative advantage refers to a country's ability to produce a certain good or service at lower opportunity cost than its trading partners. In this case, due to the vast resources of nickel-bearing ore at Voisey's Bay, Canada has a cost advantage, which enables Canada to produce and export nickel more efficiently than other countries.

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Other Questions
Evergreen Company sells lawn and garden products to wholesalers. The company’s fiscal year-end is December 31. During 2021, the following transactions related to receivables occurred:Feb. 28 Sold merchandise to Lennox, Inc., for $10,000 and accepted a 10%, 7-month note. 10% is an appropriate rate for this type of note.Mar. 31 Sold merchandise to Maddox Co. that had a fair value of $7,200, and accepted a noninterest-bearing note for which $8,000 payment is due on March 31, 2022.Apr. 3 Sold merchandise to Carr Co. for $7,000 with terms 2/10, n/30. Evergreen uses the gross method to account for cash discounts. 11 Collected the entire amount due from Carr Co. 17 A customer returned merchandise costing $3,200. Evergreen reduced the customer’s receivable balance by $5,000, the sales price of the merchandise. Sales returns are recorded by the company as they occur. 30 Transferred receivables of $50,000 to a factor without recourse. The factor charged Evergreen a 1% finance charge on the receivables transferred. The sale criteria are met.June 30 Discounted the Lennox, Inc., note at the bank. The bank’s discount rate is 12%. The note was discounted without recourse.Sep. 30 Lennox, Inc., paid the note amount plus interest to the bank.Required:1. Prepare the necessary journal entries for Evergreen for each of the above dates. For transactions involving the sale of merchandise, ignore the entry for the cost of goods sold.2. Prepare any necessary adjusting entries at December 31, 2021. Adjusting entries are only recorded at year-end.3. Prepare a schedule showing the effect of the journal entries on 2021 income before taxes