A boundaryless organization is one in which there are no barriers to information flow.
Answer the following statement true (T) or false (F)
True
A boundaryless organization is one in which no barriers to information flow exist. Instead of separating people, jobs, processes, and places with boundaries, ideas, information, decisions, and actions move to where they are most needed.
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Cost of goods sold is budgeted at 40% of sales, and the inventory at the end of February was $34,000. Desired inventory levels at the end of each month are 10% of the next month's cost of goods sold. What is the desired beginning inventory on June 1?
Seaworthy Company, a merchandising company, has prepared the following sales budget:
A) $24,800
B) $9640
C) $96,400
D) $9920
A strength of studying the research on gender and leadership is ______.
A. the inequity in gender pay is a significant factor keeping women from elite leadership roles B. contemporary notions of effective leadership styles are now more feminine C. contemporary notions of effective leadership styles are now more androgynous D. the inequity in female-owned private businesses clearly impacts the gender leadership gap
Emerald Co. owned equipment with a book value of $72,000 that was sold during this accounting period for $18,300 in cash, and purchased new equipment for cash of $88,800. Emerald Co. would record a debit of:
A. $18,300 and a credit of $88,800 to the cash account for a net cash outflow of $70,500. B. $53,700 and a credit of $88,800 to the cash account for a net cash outflow of $35,100. C. $88,800 and a credit of $53,700 to the cash account for a net cash inflow of $35,100. D. $88,800 and a credit of $18,300 to the cash account for a net cash inflow of $70,500.
When does a company record its expenses?
A) when the company receives a bill B) when the company pays a bill C) when the company's supplier has put a bill in the mail D) when the company decides to purchase something