Discuss why different business strategies often call for the use of different organizational structures and cultures.
What will be an ideal response?
Differentiation strategies aimed at increasing the value customers perceive in an organization's goods and services usually succeeds best in a flexible structure with a culture that values innovation; flexibility facilitates a differentiation strategy because managers can develop new or innovative products quickly-an activity that requires extensive cooperation among functions or departments. In contrast, a low-cost strategy that is aimed at driving down costs in all functions usually fares best in a more formal structure with more conservative norms, which gives managers greater control over the activities of an organization's various departments.
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In the expenditure cycle, general ledger does not
a. post the journal voucher from the accounts payable department b. post the account summary from inventory control c. post the journal voucher from the purchasing department d. reconcile the inventory control account with the inventory subsidiary summary
Prior to the FASB, accounting regulation was done primarily by:
a. the SEC. b. the FTC. c. AICPA subcommittees. d. large accounting firms.
What is the best advice to follow when integrating graphics in a report?
A) ?Always place graphics in the appendix of a report. B) ?Mention the graphic in the text of the report. C) Create graphics in only black and white so that the graphics do not distract the reader. D) Do not include a title above any graphic because the graphic should be self-explanatory.
Prepare a vertical analysis for the balance sheet data given below
(Round to two decimal places.) Flowers, Inc Balance Sheet December 31, 2017 Assets Current Assets: Cash and Cash Equivalents $10,000 Accounts Receivable, Net 15,600 Merchandise Inventory 38,000 Total Current Assets 63,600 Long-term Investments 15,000 Property, Plant, and Equipment, Net 195,000 Total Assets $273,600 Liabilities Current Liabilities: Accounts Payable $8,500 Notes Payable 1,400 Total Current Liabilities 9,900 Long-term Liabilities 54,000 Total Liabilities 63,900 Stockholders' Equity Common Stock 161,000 Retained Earnings 48,700 Total Stockholders' Equity 209,700 Total Liabilities and Stockholders' Equity $273,600 What will be an ideal response