2) would you be more satisfied in a large, formal organization or in an organization that emphasizes a human resources or even bossless perspective?

Answers

Answer 1

There is no ideal structure or management approach for an organization. A range of issues that arise from the design itself can affect any form, too. When a business tests a new form, this is especially true.

What is Problems of Matrix Organizations?

In this essay, we'll take a closer look at the matrix, a relatively new organizational structure that has recently grown incredibly popular despite having some serious pathologies. Let's take a quick look at matrix management and organization first, as well as how prevalent it is in modern American industry, before talking about the problems with it.

There is a growing and impressive list of well-known businesses that use matrices in some capacity. Think of General Electric, for instance, which generates $14 billion in revenue annually and employs around 400,000 people across a wide range of industries.

GE employed a single fundamental organizational structure for decades, with five functional managers answering to a single general manager, in spite of the diversity of its businesses.

Some GE companies, divisions, and departments have chosen the matrix as a fundamental replacement for the pyramid shape, reasoning that an organization must be structured to match the unique needs of each business.

The Complete Question is :

What is Problems of Matrix Organizations?

To Learn more About management approach Refer To:

https://brainly.com/question/26497267

#SPJ4


Related Questions

Which one of the following activities is not part of the revenue cycle monitoring process?

Answers

The revenue cycle is not often thought of as including the inventory account. Instead, revenue cycle management (RCM) is the financial process that makes use of medical billing software.

Which four key goals does monitoring serve?

Projects are tracked in order to encourage methodical and professional management, reduce the risk of project failure, gauge stakeholder comprehension, and gauge implementation progress. Recognizing the part each stakeholder plays in monitoring is important.

What are the monitoring activities?

Monitoring involves comparing results to the plans. Evaluation is the process of objectively and systematically evaluating a project or programme after it has been finished (or a phase of an ongoing project or programme that has been completed).

To know more about revenue cycle visit:-

https://brainly.com/question/30263155

#SPJ4

The Moore family's taxable income for the last year is $110,000. The total tax they were responsible for was $25,000, but only $18,000 was deducted from their income in taxes. What is the Moore family's outstanding tax liability?

Answers

The Moore family's unpaid tax liability is $7000 plus any penalties.

What is a tax that, as income rises, a smaller percentage of it is paid in taxes?

A fixed sum of money is paid by each person or household under a regressive tax. With a regressive tax, the percentage rate drops as the taxed amount rises.

What one manner might people lessen the total amount of taxes they owe each year?

One simple option to lower your annual taxable income is to contribute pre-tax funds to an employer-sponsored retirement plan, such as a 401(k). You can utilize a loss from a sale of an investment that has depreciated in value to reduce other income.

To know more about tax liability visit :-

https://brainly.com/question/9796424

#SPJ4

explain how the founder of a business can eventually lose control of the firm. how can the founder ensure this will not happen?

Answers

Founders may lose control of their businesses for a variety of reasons, including being forced out or leading it into ruin.

What takes place when a business's founder departs?A typical vesting schedule calls for the stock to become fully vested over the course of four years in monthly or quarterly portions. If the company's founder departs before the stock is fully vested, the company is entitled to purchase the remaining unvested shares at the lower of cost or the share's then-fair market value.Founders may lose control of their businesses for a variety of reasons, including being forced out or leading it into ruin. Any organization, whether it's a start-up or a sports team, needs to have a person that everyone else reports to. You are exempt from the requirement for a title.            

To learn more about businesses refer to:

https://brainly.com/question/24553900

#SPJ1

wise guys consulting issues an invoice for $9,000 to one of their clients for services provided. the terms of the invoice call for payment 30 days after the invoice date. what would be

Answers

As the business now has the right to receive cash, the solution is to deduct $9,000 from Accounts Receivable, an asset, and credit $9,000 to Revenue to recognize the revenue from the sale.

Since the transaction would have been recorded on the date the invoice was issued, the company's accrual method will have no effect.

When the payment is received, the transaction will be recorded if the business uses the cash method.

What does "account receivable" mean?

The money that a company's customers owe for goods or services they have received but have not yet paid for is referred to as accounts receivable. For instance, the amount owed is added to the accounts receivable when customers purchase goods on credit. Through a business transaction, it becomes an obligation.

Question incomplete:

Wise Guys Consulting Issues an Invoice for $9,000 to one of their clients for services provided. The terms of the invoice call for payment 30 days after the invoice date. What would be the impact at the date the services are completed and invoiced?

Learn more about account receivable:

brainly.com/question/24871345

#SPJ4

. what will your monthly payments be? (do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) b. what is the effective annual rate on this loan? (do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)

Answers

a. The monthly payments on the loan will be $235.63.

This can be calculated by using the formula for monthly payments on a loan: Monthly Payment = Loan Amount x (Interest Rate / (1 - (1 + Interest Rate)^-n))

What is loan?

A loan is an amount of money that is borrowed from a lender and is then paid back with interest over an agreed period of time. It can be used to cover a range of expenses, from home improvement to medical bills, and is often secured against an asset such as a car or property.

where Loan Amount is $3,000, Interest Rate is 5.25%, and n is the number of payments, which in this case is 60.

Plugging these numbers into the formula gives us:

Monthly Payment = $3,000 x (0.0525 / (1 - (1 + 0.0525)^-60))

Monthly Payment = $3,000 x (0.0525 / 0.5116)

Monthly Payment = $3,000 x 0.1035

Monthly Payment = $235.63

b. The effective annual rate on this loan is 5.64%.

This can be calculated by using the formula for effective annual rate:

Effective Annual Rate = (1 + (Interest Rate / n))^n - 1

where Interest Rate is 5.25%, and n is the number of payments, which in this case is 60.

Plugging these numbers into the formula gives us:

Effective Annual Rate = (1 + (0.0525 / 60))^60 - 1

Effective Annual Rate = (1 + 0.000875)^60 - 1

Effective Annual Rate = 1.05636 - 1

Effective Annual Rate = 0.05636

Effective Annual Rate = 5.64% (rounded to 2 decimal places)

To learn more about loan

https://brainly.com/question/28959940

#SPJ4

the official unemployment rate: a involves people over 16 years of age who are not currently seeking employment. b is the ratio of unemployed to employed workers. c is the percentage of the labor force that is unemployed. d is the percentage of the total population that is not working.

Answers

The official unemployment rate is c is the percentage of the labor force that is unemployed. The official unemployment rate also means that unemployed workers divided by the labor force then multiplied by 100.

In the term of economic, based on Organization for Economic Co-operation and Development, unemployment generally can be defined as a people above a specified age not being in paid employment. Unemployment also can be defined as self-employment but currently available for work during the reference period. Unemployment rate is a formula to calculate the unemployment. Unemployment rate is the number of people who are unemployed as a percentage of the labor force.

Here you can learn more about unemployment rate https://brainly.com/question/29955979

#SPJ4

If production involves constant opportunity cost, the production possibilities curve :A. Is "bowed inward."B. Is a straight line.C. Is "bowed outward."D. Is a wavy line.E. Has an unpredictable shape.

Answers

If production involves constant opportunity cost, the production possibilities curve Is a straight line.

If the opportunity cost is constant, what happens?

When you produce more of one good while maintaining the same opportunity cost, this is known as constant opportunity cost.

                             This shows that the resources are easily transferable from the production of one good to the creation of another good.

What does a constant opportunity cost curve mean?

When the opportunity cost of a good stays constant as output of the good rises, which is shown as a PPC curve that is straight, for instance, if Colin consistently forgoes generating 2 fidget spinners every time he creates a Pokemon card, he has constant opportunity costs.

Learn more about Constant opportunity cost

brainly.com/question/28929791

#SPJ4

mova motors inc. enters the asian market and conducts a thorough analysis of the local marketing conditions such as the characteristics and buying situations of consumers. the company realizes that the buying behavior of the majority of middle-income families is similar. it divides the market into distinct groups based on the purchasing power of consumers and decides to pursue the middle-income families. in this scenario, the company is .

Answers

It divides the marketplace into distinct companies primarily based on the buying energy of clients and decides to pursue the center-earnings households. in this state of affairs, the corporation is Focusing on a market segment.

A consumer is someone or a set who intends to reserve, or uses bought items, products, or services usually for personal, social, circle of relatives, household, and similar needs, The time period most typically refers to someone who purchases items and services for personal use.

They are humans or different economic entities that use a terrific service. moreover, they do now not sell the items that they bought. they may give up customers inside the distribution chain of goods and services. In fact, from time to time the purchaser may not be the purchaser. A purchaser is any man or woman or institution who's the very last user of a service or product. right here are some examples: someone who pays a hairdresser to reduce and style their hair. An organization that buys a printer for employer use.

To learn more about Consumers visit here:

brainly.com/question/13420317

#SPJ4

income in the city of richmond has a ~n(48, 100). if jane's income is higher than 67% of richmond's residents, how much is her income?

Answers

Income in the city of Richmond has a ~N(48,100). If Jane's income is higher than 67% of all the residents of Richmond, 52.4 is her income.

What is income?

Income is the money that an individual or organization receives in return for their services or goods. Depending on the context—such as taxation, financial accounting, or economic analysis—income may have a variety of definitions.

For the majority of people, their total earnings include their wages and salaries, investment returns, pension payments, and other receipts. For businesses, income refers to the money made from selling goods and services as well as any interest or dividends paid on the company's cash holdings and reserves.

To learn more about income visit;

https://brainly.com/question/17961582

#SPJ4

2. compare a business case to a return of investment (roi) plan. are they the same? if not, what are the differences?

Answers

ROI is the most crucial measure to employ when selecting an application and setting project priorities inside a business during budgeting.

What is budgeting?

A business plan is tactically implemented through budgeting. We require a thorough, descriptive road map of the business strategy that establishes performance measurements and indicators in order to accomplish the objectives in a company's strategic plan. Once we know where we want to go, we can make adjustments along the road to get there. The process teaches managers how to anticipate potential changes in the environment and the actions they should take, as well as how to handle issues as they happen. Making plans known to managers is a crucial social component of the process that guarantees everyone has a clear idea of how they can support the organisation. Individual plans, goals, and projects are encouraged to be shared because they all work together to drive business expansion.

To learn more about budgeting, visit:

https://brainly.com/question/29313576

#SPJ4

can you sometimes not be able to calculate personal risk if its something new with no data to back it up ?

Answers

Yes, that is correct. In some cases, it may be difficult to calculate personal risk if there is no data or back up data/ information available to support the calculation.

Backup is the most common way of making a duplicate of the information on your framework that you use for recuperation in the event that your unique information is lost or ruined. You can likewise utilize reinforcement to recuperate duplicates of more seasoned records in the event that you have erased them from your framework.

Numerous organizations and associations safeguard their basic information with reinforcement, making it one of the vital parts of an organization's Disaster Recovery Plan and Business Continuity Strategy.

Organizations and individuals are extremely reliant upon information. While an individual can't get by without air, water, and food, organizations can't get by without information. A little less than half of organizations that don't have legitimate reinforcement or catastrophe recuperation plans set up don't endure a fiasco.

Know more about backing up data - https://brainly.com/question/28523427

#SPJ4

kagmogelo works as the human resource manager at luscious confectionaries. it was mandatory for his subordinates to obtain his signature on every document related to the hiring of a new employee. when he realized that this was increasing the duration of the hiring process, he told his subordinates that they no longer needed his signature unless the hire involved extraordinary circumstances. this is an example of... a. empowerment b. total quality management c. outsourcing d. innovation

Answers

As the hiring of a new employee, unless the hire involved extraordinary circumstances, this is an example of a.empowerment.

Empowerment at Luscious Confectionaries: Streamlining the Hiring Process

Kagmogelo, the HR manager at Luscious Confectionaries, recognized that the requirement for his signature on every document related to the hiring of a new employee was delaying the process. To address this, he decided to delegate authority by informing his subordinates that they no longer needed his signature unless the hire involved extraordinary circumstances. This decision demonstrates Kagmogelo's commitment to empowering his team members and giving them the trust and responsibility to make decisions without seeking approval every time. The change has not only reduced the duration of the hiring process, but also enhanced the HR team's efficiency, creativity, and autonomy. This shows how effective empowerment can lead to improved work processes and better outcomes for the organization.

To know more about empowerment, visit:https://brainly.com/question/10699815

#SPJ4

assume that the company allocates any underapplied or overapplied overhead proportionally to work in process, finished goods, and cost of goods sold. prepare the appropriate journal entry.

Answers

The following would be the entry to reflect the allocation of the unapplied overhead:

Work in progress: $6,500 (5% of $130,000)

Products finished: (25% x $130,000) = $32,500

Cost of goods sold: $71,000 divided by $130,000, or 70%.

What is unapplied overhead?

Underapplied overhead is a circumstance in which overhead costs exceed the amount that a business really budgets for in order to operate. On a company's balance sheet, unapplied overhead is often shown as a deferred item that is balanced by adding a debit to the cost of goods sold (COGS) section before the end of the year. The direct expenses incurred during the manufacture of the products a business sells are known as the costs of goods sold. An unfavourable variance is an amount of underapplied overhead.

The following percentages would be used to distribute the underapplied overhead:

Costs incurred during the year in:

Work being done 36,00 dollars 5%

180,000 finished items 25%

Price of sold goods: 504,000 70%

Total $ 720,000 100%

To learn more about unapplied overhead visit;

https://brainly.com/question/29037936

#SPJ4

when revenue is credited, the possible three debits are , accounts , and/or revenue.

Answers

When revenue is credited, the possible three debits are bank account, cash accounts, and/or revenue account.

What does it mean when revenue is credited?

In accounting, when revenue is credited, it means that the revenue account is being increased. This is typically recorded as a debit to an asset or liability account and a credit to the revenue account. The specific accounts that are debited and credited depend on the nature of the transaction and the accounting system used by the company.

For example, if a company sells goods, the sale would typically be recorded as a debit to the accounts receivable account and a credit to the revenue account. The accounts receivable account represents the amount owed to the company by its customers, while the revenue account represents the increase in the company's total revenue.

Read more about revenue

brainly.com/question/16232387

#SPJ1

the investigator's financial interests with the device manufacturer (sponsor) or to the outcome of the clinical investigation are reported directly to the u.s. fda by:

Answers

The sponsor is responsible for informing the US fda about the investigator's financial ties to the device manufacturer or to the results of the clinical trial.

What are the responsibilities of the investigator in device clinical research that is governed by the FDA?

In addition to protecting the rights, safety, and welfare of the subjects under their care and maintaining control over the drugs under investigation, an investigator is responsible for seeing that an investigation is carried out in accordance with the signed investigator statement, the investigational plan, and any applicable laws.

What tasks fall under the purview of the sponsor and the investigator in clinical trials?

For trials started by investigators, the Sponsor-duties Investigator's particularly include: the clinical trial's financial support. creating clinical trial documentation, such as informed consent forms, protocols, and submissions, like submissions for ethical review or regulatory approval.

To know more about investigator's financial interests visit:

https://brainly.com/question/28340841

#SPJ4

provides details about the flow of funds from operating, investing, and financing activities.

Answers

A company's balance sheet provides important information about its inflows and outflows of cash during the course of the accounting period, along with specifics  its operating, investing, and financing activities.

What three financial activities are there?

Financing activities include deals involving debt, equity, and dividends. The information on debt or equity is provided in the section on cash flow through financing. This information varies according to the leverage ratio, dividend policies, and loan conditions that specific organizations may have.

What does the financing activities column on a cash flow statement mean?

The financing activity in the statement of cash flow focuses on how a firm raises capital and distributes it to investors using capital markets. These acts also include paying cash dividends, adding to or changing obligations, and releasing and reselling more stock.

To know more about financing activities visit:

https://brainly.com/question/16377227

#SPJ4

which groups are parts of the task environment? (choose every correct answer.) multiple select question. government regulators local communities distributors strategic allies owners board of directors

Answers

The groups that are parts of task environment of the businesses are Strategic allies, Distributors, Government regulators, Local communities.

What is a task environment?

The task environment includes all factors that are external to the business but can have an impact on its operation. The internal and external environments in which businesses operate are critical.

The task environment is the external environment that influences an organization's ability to achieve its goals. To describe the task environment, the terms "customers," "official rules," "businesses," "rivals," "vested interests," and "distributors" are used. These external factors influence how the company manufactures, advertises, offers, transports, and uses its goods and services.

Therefore, government regulators local communities distributors strategic allies are parts of task environment.

To learn more about task environment, click here:

https://brainly.com/question/30483165

#SPJ1

margret failed to respond to an important mail from a customer. she tells her boss that the mail was not clear enough to her. margret's boss feels that she could have asked for a clarification instead of avoiding the mail. margret's justification exemplifies . a. overjustification b. insufficient justification c. cognitive dissonance d. inoculation

Answers

Margret's justification exemplifies C: Cognitive dissonance

Margret's justification that the email was not clear enough to her and her boss's feeling that she could have asked for clarification represents a cognitive dissonance. Cognitive dissonance refers to the psychological discomfort or stress that results from holding conflicting thoughts, beliefs, or values. In this case, Margret's belief that the email was not clear and her boss's belief that she should have asked for clarification create a psychological tension or dissonance within Margret. This can result in negative feelings and may affect her motivation and performance.

You can learn more about Cognitive dissonance at

https://brainly.com/question/15205831

#SPJ4

an investor is in a 30% combined federal plus state tax bracket. if corporate bonds offer 8% yields, what yield must municipals offer for the investor to prefer them to corporate bonds? (round your answer to 2 decimal places.)

Answers

The yield of the municipal bond must be 5.32% for the investor to prefer it over the corporate bond.

To determine the yield that municipals must offer for the investor to prefer them to corporate bonds, we need to compare the after-tax yields of the two types of bonds.

First, let's calculate the after-tax yield of the corporate bond:

After-tax yield of corporate bond = Yield of corporate bond x (1 - Combined tax rate)

where the combined tax rate is the sum of the federal and state tax rates. So, for an investor in a 30% combined federal plus state tax bracket:

Combined tax rate = 30%

After-tax yield of corporate bond = 8% x (1 - 0.30) = 5.6%

Next, we need to determine the yield that municipals must offer for the investor to prefer them to corporate bonds. Municipal bond interest is generally tax-exempt at the federal level and, in some cases, also at the state level. So, we need to calculate the equivalent taxable yield of the municipal bond:

Equivalent taxable yield of municipal bond = Yield of municipal bond / (1 - State tax rate)

where the state tax rate is the tax rate on bond interest income at the state level.

Let's assume that the state tax rate for the investor is 5%. Then, the equivalent taxable yield of the municipal bond is:

Equivalent taxable yield of municipal bond = Yield of municipal bond / (1 - 0.05)

To find the yield that makes the investor indifferent between the two bonds, we set the after-tax yield of the municipal bond equal to the after-tax yield of the corporate bond:

Yield of municipal bond / (1 - 0.05) = 0.056

Solving for the yield of the municipal bond, we get:

Yield of municipal bond = 0.056 x (1 - 0.05) = 5.32%

For more such Questions on Yield

https://brainly.com/question/28033398

#SPJ4

what is the duration of a two-year bond that pays an annual coupon of 10.6 percent and has a current yield to maturity of 12.9 percent? use $1,000 as the face value.

Answers

This indicates that the bond is extremely liquid on the secondary market once the transfer agents at the bank medallion stamp it.

In the world of finance, a bond is a representation of the issuer's debt to the holders. Municipal and corporate bonds are the two most popular types of bonds. In private investing, where an individual would lend money to a business or the government, bonds can be found in mutual funds or other private investments. The bond is a debt security, meaning the issuer owes the holders a debt and is obligated to pay them interest (the coupon) or to repay the principal at a later point, known as the maturity date, depending on the bond's terms. Interest is often paid at predetermined intervals. The bond is frequently negotiable, meaning that ownership of the security can be transferred in second-hand market.

Learn more about Bonds here:

https://brainly.com/question/29309033

#SPJ4

a group of companies that produce the same goods or services that joins together to ensure all can survive in the marketplace is an example of , whereas one company that gains control of every aspect of a business, from raw materials to marketing, is an example of .

Answers

A group of companies that produce the same goods or services that joins together to ensure all can survive in the marketplace is an example of  An oligopoly.

What occurs when one business can meet the whole market's demand for goods or services?When one firm and its product control a whole sector of the economy, there is little to no competition and customers are forced to buy the particular product or service from the one company.At the beginning of the nineteenth century, corporations were almost nonexistent, and all commercial operations were small. By the turn of the century, American industries were mostly controlled by massive companies.Before the invention of the open hearth furnace, the Bessemer process was the first low-cost industrial method for producing large quantities of steel from molten pig iron.

To learn more about oligopoly refer to:

https://brainly.com/question/13635083

#SPJ1

Using credit has not always been a socially accepted practice, but it has become...Normal in American cultureA practice used by the wealthyLess acceptableNecessary for life in America

Answers

The earliest and most frequent structure of savings had been loans from nearby shopkeepers. That's right, hardworking Americans ran tabs to buy groceries, furniture, farm equipment and the like when times were tight. It's additionally a frequent myth that borrowing was unheard of at some stage in these days.

Why is your deposit rating not a good indicator of how properly you take care of money quizlet?

FICO rating does now not measure how wealthy anybody is or how nicely you manipulate your money. It only shows how correct you are at making repayments on your debt. List three approaches the credit score card enterprise makes money off of customers.

The professionals of credit score cards range from convenience and credit constructing to 0% financing, rewards and less costly currency conversion. The cons of credit score playing cards include the potential to overspend easily, which leads to pricey debt if you do not pay in full, as properly as credit rating harm if you pass over payments.

Learn more about credit score here:

https://brainly.com/question/30237003#SPJ4

martina is the financial director of a small business. she recently read a memo from one department presenting a new idea for a product. during the discussion on the item afterward, martina kept focusing on the cost of producing and marketing that product. the barrier facing martina in this scenario is

Answers

The lack of information on the potential profitability of the product.

What is the profitability ?

Profitability is a measure of how much money a business or investment is able to make in relation to the amount of money invested. It is typically expressed as a percentage and is calculated by subtracting all expenses from total revenue, then dividing by total revenue. For example, if a business has total revenue of $100 and total expenses of $80, its profitability is 20%. Profitability is an important measure of a company's overall financial health and performance. It is a key metric used to evaluate the efficiency and effectiveness of a business's operations and investments, and it can be used to compare companies in the same industry.

To learn more about profitability

https://brainly.com/question/28319983

#SPJ4

while attending school, you work part time at a coffee shop. last year, you made $8,700. why might you still file your taxes, even though you made less than the standard deduction? select all that apply.

Answers

The b) Income Tax Act gives a variety of mechanisms for residents to claim deductions and refunds in addition to measures for taxing citizens' income.

What would happen if you failed to report your income?

The IT department will charge penalty interest at a rate of 1% per month starting on the date the tax becomes due when returns are not submitted on time even when there are unpaid taxes. If the IT department thinks the delay was deliberate, it may also choose to impose sanctions.

Is the new tax system's standard deduction of $50,000 applicable?

A basic deduction of INR 50,000 has also been added under the new income tax system.

Complete question- while attending school, you work part time at a coffee shop. last year, you made $8,700. why might you still file your taxes, even though you made less than the standard deduction? select all that apply.

a) Corporate tax

b) Income Tax

c) Value added tax

To know more about income tax click below:

brainly.com/question/30504387

#SPJ4

your client created several native video ads to promote their new musical. which line item type should you use for this campaign?

Answers

You ought to run this campaign using in-feed video advertisements.

What are the most typical ad types used in native advertising?

Six standardized native advertising types (And Examples of Each) Native advertising has a variety of formats, each with its own set of benefits, just like other forms of advertising. These are the six categories of native advertising that the Interactive Advertising Bureau (IAB) has identified.

Which media form does native advertising belong to?

Paid content matched to the content of a media source is called "native advertising."This material, which appears in your feed of suggested videos, is made to mimic the visual style and functionality of natural content.

To know more about Video campaign visit:

https://brainly.com/question/29844444

#SPJ4

what two outcomes result from effective market segmentation?

Answers

Two effects of effective market segmentation are the identification of particular marketing mix actions and the creation of meaningful groupings.

What is segmentation with example?

Segmentation is used to focus marketing efforts on the customers that fit your ideal client profile (ICP), or those who are most likely to purchase your good or service. For instance, a consumer at such an organic food store is probably going to have some, if not all, of the following traits: either a man or a woman. Age: 25-44. Earnings: $100,000.

What is segmentation used for?

By segmenting your audience, you may more effectively target a client or prospective based on their individual requirements and preferences. You can better discover your most valuable consumer categories through segmentation. By concentrating your marketing efforts on your most likely customers, you can increase your return on investment.

To know more about segmentation visit:

brainly.com/question/28260499

#SPJ4

during the year, a manufacturing company had the following operating results: beginning work-in-process inventory $ 49,000 beginning finished goods inventory $ 198,000 direct materials used in production $ 324,000 direct labor $ 515,000 manufacturing overhead incurred $ 266,000 ending work-in-process inventory $ 75,000 ending finished goods inventory $ 93,000 what is the cost of goods manufactured for the year?

Answers

The cost of goods manufactured for the year is $1,079,000.

What is cost of goods manufactured?

Cost of Goods Manufactured (COGM) is a term used in managerial accounting to refer to a schedule or statement that shows a company's total production costs over a specific time period.

Beginning WIP inventory + total manufacturing costs - ending WIP inventory = COGM. To calculate total manufacturing costs, add direct materials, labor, and other manufacturing overhead costs.

The cost of goods manufactured is calculated as:-

Cost of goods manufactured= Beginning WIP + Direct materials + Direct labor + Allocated manufacturing overhead - Ending WIP

= $49,000 + $324,000 + $515,000 + $2,66,000 - $75,000

∴ Cost of goods manufactured= $1,079,000

Therefore, $1,079,000 is the cost of goods manufactured by the company for the year.

To learn more about cost of goods manufactured, click here:

https://brainly.com/question/13072398

#SPJ1

fortune company's direct materials budget shows the following cost of materials to be purchased for the coming three months: january february march material purchases $ 12,280 $ 14,390 $ 11,210 payments for purchases are expected to be made 50% in the month of purchase and 50% in the month following purchase. the december accounts payable balance is $6,400. the expected january 31 accounts payable balance is: multiple choice $6,400. $7,195. $12,280. $6,140. $9,340.

Answers

Payments for purchases are expected to be made 50% in the month of purchase and 50% in the month following purchase. the December accounts payable balance is $6,400. the expected January 31 accounts payable balance is: $6140

Accounts payable, sometimes referred to as AP, is the term used to describe money owing to suppliers or third-party vendors for goods or services that have been received but have not yet been paid for. The entire sum still owed to the company's numerous suppliers and business partners is shown as the "accounts payable" balance on the balance sheet.

The amount owing by a company to its suppliers is known as the accounts payable obligation on the balance sheet of the company.

On the other hand, notes payable liabilities are obligations that are created by formal legal document documents. Notes payable liabilities are not included in this kind of liability.

Calculation of the accounts payable balance on January 31:

= Purchasing of materials in the month of January * Due for payment the next month

= 12280 * 50%

= $ 6140

So, the accounts payable balance on January 31: $ 6140.

Read more about payable balance:

https://brainly.com/question/29305843

#SPJ4

the institutions of global finance are: central banks. commercial banks. investment banks. all of the above are institutions of global finance.

Answers

Central banks are the organizations that make up the world of finance.

Describe central banks.

A central bank is a government-run organization that oversees the money supply, or the total amount of money in circulation, as well as the management of a nation's or set of nations' currencies. Price stability is one of many central banks' primary goals. Some nations also have laws requiring central banks to support full employment.

As part of its monetary policy, any central bank's primary instrument is to set interest rates, sometimes known as the "cost of money." Commercial banks are not central banks. A central bank cannot be used by an individual to open an account or request a loan, and being a public institution, it is not driven by profit.

Learn more about central banks with the help of the given link:

brainly.com/question/29457509

#SPJ4

reliance corporation sold 4,100 units of its product at a price of $16 per unit. total variable cost per unit is $9.00, consisting of $8.35 in variable production cost and $0.65 in variable selling and administrative cost. compute the contribution margin for the company. multiple choice $28,700 $36,900 $65,600 $34,235 $39,565

Answers

The contribution margin would be equal to the sales revenue of $16 per unit multiplied by the number of units sold, which is 4,100 units, minus the total variable cost per unit of $9.00 multiplied by the number of units sold, which is 4,100 units.

What is revenue?

Revenue is the money a business or organization earns from selling goods and services or from investments. It is the total amount of income generated from the sale of goods, services, or assets. It is the main source of income for most companies and is typically the first item on a company's income statement. Revenue is important for a company because it is the measure of the company's profitability, as it is the total amount of money that the business has made from its operations. Revenue helps companies to manage their costs, analyze their performance, and make decisions about investments and growth.

This calculation is as follows:

Contribution margin = (16 x 4,100) - (9 x 4,100)

Contribution margin = $65,600 - $36,900

Contribution margin = $28,700

To learn more about revenue

https://brainly.com/question/25623677

#SPJ4

Other Questions
____ is created a test for intelligence that measured intelligence without complete dependence on verbal ability. Contrast the differences of block grants and categorical grants by matching their characteristics to the correct term. - federal funds to states for a specific purpose- offer more power to the federal governmen- offer more flexibility- federal funds to states for a general policy purpose- offer more power to states e of x.2x-439parate answers as needed.)x+624 sammy's shovels had sales of $120,490 in 2021. the cost of goods sold was $31,030, operating expenses (excluding depreciation) were $17,170, interest expenses were $2,700, depreciation expense was $8,260, and dividends paid were $3,360. the firm's tax rate is 28 percent. what did sammy's shovels report as net income (or, net profit) in 2021? HELP ME PLEASE WORTH A LOT OF POINTS!! In a game of darts, there are 20 sectors on a target, and a smaller circular "bullseye" in the center. In this particular game, a player must correctly call "low, consisting of the sectors numbered 110; "high, consisting of the sectors numbered 1120; or "bullseye, depending on what they are trying to hit. If they hit the section they call, they are a winner. A player will attempt to hit "low" on the first throw, then will attempt to hit "high" on the second throw, then will attempt to hit "bullseye" on the third throw, and so on until hitting the section they called.Is it appropriate to use the geometric distribution to calculate probabilities in this situation? connie thinks that her salary and tax rate for next year will be lower than for this year. what step should she take to minimize her taxes in the current year? Can anyone help with the circled questions? which of the following best describes a contingent liability that is likely to occur but cannot be reasonably estimated? group of answer choices reasonably possible probable and estimable probable and inestimable remote Swapping variables Define a function named swap_values that takes four integers as parameters and swaps the first with the second, and the third with the fourth values. Then write a main program that reads four integers from input, calls function swap_values() to swap the values, and prints the swapped values on a single line separated with spaces. Ex: If the input is: 3 8 4 function swap_values()) returns and the main program outputs: 8342 The program must define and call the following function. def swap_values (user_vall, user_val2, user_val3, user_val4) 393630.2637816.qx3zqy7 LAB ACTIVITY 6.22.1: LAB: Swapping variables 1 # Define your function here. 2 3 if name == ' main ': 4 main.py # Type your code here. Your code must call the function. 0/10 Load default template... Any purchased materials that will go into the finished product are first recorded in the (1) (2) inventory account. (Enter only one word per blank.)1. raw2. materials In a wetland area at the edge of a pond, Josie sees a snail nibbling on a lily pad. A deer drinks water on the opposite side of the pond. Josie notices a duck in a nest in the reeds. The duck must feel safe, as it does not move when Josie walks by. Which item in the wetland habitat is a nonmaterial resource? T/F from 2011 to 2018, espn lost 14 million cable tv subscribers, costing the company over a billion dollars annually. According to universalism is a principle, an action is morally right if the net benefits over costs are greatest for all affected compared with the net benefits of all other possible choices. True False how to find out if someone is a registered democrat or republican? ou expect to receive $41,000 at graduation in two years. you plan on investing it at 9.25 percent until you have $176,000. how long will you wait from now? if the plant filled each of its cans to 12 ounces, what would be the standard deviation of the sample of 10 cans? Cost of raw materials is debited to raw materials inventory when the: __________ Bethany is working on her two-page summary for her lab report but is really crunched for time due to a biology lecture exam and another exam in chemistry. She notices that there are a number of old lab reports available online. She decides to synthesize a lab report by cutting bits out of others old reports and wordsmithing them together. She then submits her report on time. What type of academic dishonesty did Bethany commit? a subtle behavior, verbal or nonverbal, that has a negative effect is?