____ is the direct outgrowth of dividing work and creating departments.
a. Departmentalization
b. Centralization
c. Formalization
d. Complexity
d. Complexity
Complexity is the direct outgrowth of dividing work and creating departments.
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On January 1, 2017, Oldham Company sold goods to Windall Company in exchange for a 3-year, non-interest-bearing note with a face value of $30,000. If Oldham entered into a separate financing transaction with Windall, an appropriate interest rate would be 10%; therefore, the transaction price would be $22,540. Which of the following statements is true about the journal entry that records the
transaction when Oldham delivers the goods to Windall on January 1, 2017? A) Debit Note Receivable for $22,540 B) Credit Sales Revenue $22,540 C) Debit Discount on Note Receivable $7,460 D) Credit Interest Revenue $7,460
Select the statement that is incorrect concerning the appropriations of retained earnings
a. Appropriations of retained earnings reflect funds set aside for a designated purpose, such as plant expansion. b. Appropriations of retained earnings do not change the total amount of stockholders' equity. c. Appropriations of retained earnings can be made as a result of contractual requirements. d. Appropriations of retained earnings can be made at the discretion of the board of directors.
If a product is not superior to its competition in some respects, factors such as favorable price, fast delivery, or superior service can be used as the primary appeal
Indicate whether the statement is true or false
The budgeted income statement________
A) reports cash paid for purchases of direct materials B) includes amounts from the sales, cost of goods sold, cash, and capital expenditures budgets C) is accrual-based D) does not include depreciation expense