Answer:
B) Product departmentalization
Explanation:
Ballooshu is using product departmentalization because it is dividing the company according to product lines.
As a diarly cooperative, management probably believes that the most efficient form of organization is according to the products that it makes.
The cheese department will focus on producing cheese, the ice cream department will focus on making ice cream, the milk department will focus on the production of milk, and so on.
Answer:
DR Cash $589
DR Credit Card expense $31
CR Sales $620
<em>(To record sales via credit card)</em>
<u>Working</u>
Cash
= 620 * ( 1 - 5%)
= $589
Credit Card Expense
= 620 * 5%
= $31
Answer:
Prosecutors of this case can use the net worth method to determine the extent these executives have been receiving illegal incomes by computing their wealth at the beginning and at the end of the period under investigation.
There will be an increase in the executives wealth, and since this increase cannot be traced to any legal income source, it will become taxable income, with the calculated penalties and fines.
Explanation:
The net worth method specifies that any increase in wealth, which is not traced to non-taxable sources, should be determined as a taxable income for the period under review. Ordinarily, the net worth is the difference between assets and liabilities. Since the executives use the money personally at their convenience, this will increase their personal wealth.
Answer:
The correct answer is B. Accounting firms are prohibited from providing many types of consulting services to the companies they audit.
Explanation:
The main reason for this policy is that it does not allow conflicts of interest to arise that eventually produce widely known cases of fraud, such as those presented at the Enron and Worldcom companies.
The Enron case broke out in the U.S. when that energy giant announced what was once the biggest bankruptcy in the history of the country, with a debt of 31,000 million dollars, something overcome a few months later by the collapse of another colossus, WorldCom.
In June 2002 WorldCom, the second US telephone. and of the world, he admitted that he had lied in his accounting books for almost 4,000 million dollars and his actions - which shortly before touched his maximum of 16 dollars - collapsed to 20 cents. His bankruptcy exceeded Enron's: $ 35 billion of liabilities.
Procurement is the supply chain function that receives inputs from the demand plan to procure materials, equipment, and services.
The process of organizing the many tasks necessary to create and distribute goods and services to a company's clients is known as supply chain management. The transfer of raw materials from the supplier to the producer to the final delivery to the customer is all included in the supply chain. Designing, farming, manufacturing, packaging, and transportation are a few examples of supply chain operations. A supply chain is the entire process of getting a finished good or service to the client. It may be necessary to obtain raw materials, convey them to the production facility, and then deliver the finished products to a customer.
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