What are the benefits and challenges of using cross-functional teams?
What will be an ideal response?
Major benefit is bringing together knowledge and expertise from different areas in an organization, resulting in new ideas/products and encourages learning. Major challenge is competing viewpoints that may result in conflict and impede processes.
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Acti Manufacturing Corporation is estimating the following raw material purchases for the final four months of the year: September$830,000October$940,000November$860,000December$780,000At Acti, 40% of raw materials purchases are normally paid for in the month of purchase. The remaining 60% is paid for in the month following the purchase.In Acti's budgeted balance sheet at December 31, at what amount will accounts payable for raw materials be shown?
A. $468,000 B. $588,000 C. $780,000 D. $564,000
Aspen Company provides for doubtful accounts expense at the rate of 3 percent of credit sales. The following data are available for last year: Allowance for Doubtful Accounts, January 1 ..... $ 54,000 (cr) Accounts written off as uncollectible during the year ......................................... 60,000 Collection of accounts written off in prior years.. (customer credit was re-established)
........... 15,000 Credit sales, year-ended December 31 ........... 3,000,000 The allowance for doubtful accounts balance at December 31 . after adjusting entries, should be a. $45,000. b. $99,000. c. $90,000. d. $84,000.
The written objective “to introduce 12 new computers to the market” is missing which recommended criteria?
A. It does not focus on a single result. B. It is not specific. C. It is not measurable. D. It has no target date. E. None of the above
Residual income should be used to evaluate an investment center rather than a cost or profit center.
Answer the following statement true (T) or false (F)