Which of the following identifies an advantage of the line structure?
A. Line managers are able to do their own work rather than having to delegate to the subordinates.
B. Decision-making is expeditious.
C. Line managers have assistants to whom they can delegate certain tasks.
D. Staff specialists provide expertise in areas in which line managers may be deficient.
B
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Quick assets include cash, temporary investments, and receivables
a. True b. False Indicate whether the statement is true or false
Pepper Department store allocates its service department expenses to its various operating (sales) departments. The following data is available for its service departments:ExpenseBasis for allocation Amount RentSquare feet of floor space $24,000 AdvertisingAmount of dollar sales $30,000 AdministrativeNumber of employees $45,000 The following information is available for its three operating (sales) departments: Department Square Feet Dollar Sales Number of employees A 3,000 $280,000 6 B 3,400 $300,000 8 C 3,600 $420,000 10 Totals 10,000 $1,000,000 24 What is the total advertising expense allocated to Department B?
A. $30,000. B. $12,500. C. $ 9,000. D. $7,500. E. $10,800.
The market price of a bond issued at a discount is the present value of its principal amount at the market (effective) rate of interest
a. plus the present value of all future interest payments at the market (effective) rate of interest. b. plus the present value of all future interest payments at the rate of interest stated on the bond. c. minus the present value of all future interest payments at the market (effective) rate of interest. d. minus the present value of all future interest payments at the rate of interest stated on the bond.
Article 2 of the Uniform Commercial Code (UCC) prescribes a set of uniform rules for the creation and enforcement of contracts for the sale of goods
Indicate whether the statement is true or false