1. Why do decentralized companies need responsibility accounting? 2. If the bonus process was to ...
1. Why do decentralized companies need responsibility accounting?
2. If the bonus process was to stay the same, how would it affect the customer?
Homework Answers
1.Why do decentralized companies need responsibility accounting?
Small companies are centralized companies. When they start growing it become difficult for a single person to manage all the responsibilities.
Companies when grow in size eventually becomes a decentralized
companies to segregate their operations into differents
departments, divisons or segments.
If the bonus process was to stay the same, how would it affect the
customer?
Bonus payment which directly effects the employees as they will feel demotivated for getting same bonus for their continued efforts which indirectly will effect the productivity. This will result in losing the customer base.
Therefore, employee satisfaction is must for company to grow.
Add Answer to:
1. Why do decentralized companies need responsibility accounting? 2. If the bonus process was to ...
Process cost accounting systems are used only by companies that manufacture physical products; meaning that companies...
Process cost accounting systems are used only by companies that manufacture physical products; meaning that companies and other organizations that provide services to their customers do not use process cost accounting. Select one: True False exp why
What is social accounting and why do companies engage in it?
What is social accounting and why do companies engage in it?
1) Why have so many 500 fortune companies implemented sustainability accounting? How do they present it? What...
1) Why have so many 500 fortune companies implemented sustainability accounting? How do they present it? What do they believe is the value in their participation? What about the companies that have not yet participated, why? 2) Draw a distinction between GRI and SASB. What are their specific goals and how do they interact? Given today's environment, do they compliment each other? What do suggest should take place to improve their performance/outcomes?
Decentralization divides company operations into various reporting units. Most decentralized subunits can be described as one...
Decentralization divides company operations into various reporting units. Most decentralized subunits can be described as one of four different types of responsibility centers. Requirements 1. Explain why companies decentralize. Describe some typical methods of decentralization. 2. List the four most common types of responsibility centers, and describe their responsibilities. Requirement 1. Explain why companies decentralize. Describe some typical methods of decentralization. Companies usually decentralize when they to manage the entire organization's daily operations. Decentralization is often based on: become too...
Why do modern companies need managers?
Why do modern companies need managers?
Examine individually if these companies: 1.bakery,2. construction company,3. hospital, 4. Accounting firm, could use process costing...
Examine individually if these companies: 1.bakery,2. construction company,3. hospital, 4. Accounting firm, could use process costing , why or why not. Could they have a hybrid method of costing? Managerial Accounting
(Discussion post of Marketing 270 need a paragraph answer) 1. Why do companies use marketing intermediaries?...
(Discussion post of Marketing 270 need a paragraph answer) 1. Why do companies use marketing intermediaries? What would be pros and cons? Explain how retailers can be classified based on the amount of service offered and discuss an example of each retailer type.
What responsibility or role does the accountant have in this process? Cenu li. An effective accounting...
What responsibility or role does the accountant have in this
process?
Cenu li. An effective accounting information system has the ability to sort through the millions of things that happen in a company during an accounting cycle and capture only the business transactions that impact the accounting equation. Questions 1. What responsibility or role does the accountant have in this process? 2. Should information provided by management and other non-accounting personnel be assumed accurate or is it the accountant's responsibility...
Essay Questions: (5pts each) 1. Why is the adjustment process important in accounting bookkeeping? 2. Why...
Essay Questions: (5pts each) 1. Why is the adjustment process important in accounting bookkeeping? 2. Why is the closing process important in the accounting bookkeeping? 3. Suppose a new accountant at your firm has worked for service businesses in the past. This is their first job with a merchandising business and they send you an e- mail asking you whether there is any difference in the way service and merchandising businesses complete adjustments. How would you answer the question? Suppose...
1. Why do stockholders typically dislike when companies hold large amounts of cash? 2. Why do...
1. Why do stockholders typically dislike when companies hold large amounts of cash? 2. Why do short-term debt holders like companies to hold large amounts of cash? 3. What factors determine how much cash a company should hold? 4. What factors do investors use to evaluate liquidity?
Decentralization divides company operations into various reporting units. Most decentralized subunits can be described as one of four different types of responsibility centers. Requirements 1. Explain why companies decentralize. Describe some typical methods of decentralization. 2. List the four most common types of responsibility centers, and describe their responsibilities. Requirement 1. Explain why companies decentralize. Describe some typical methods of decentralization. Companies usually decentralize when they to manage the entire organization's daily operations. Decentralization is often based on: become too...
What responsibility or role does the accountant have in this
process?
Cenu li. An effective accounting information system has the ability to sort through the millions of things that happen in a company during an accounting cycle and capture only the business transactions that impact the accounting equation. Questions 1. What responsibility or role does the accountant have in this process? 2. Should information provided by management and other non-accounting personnel be assumed accurate or is it the accountant's responsibility...
Essay Questions: (5pts each) 1. Why is the adjustment process important in accounting bookkeeping? 2. Why is the closing process important in the accounting bookkeeping? 3. Suppose a new accountant at your firm has worked for service businesses in the past. This is their first job with a merchandising business and they send you an e- mail asking you whether there is any difference in the way service and merchandising businesses complete adjustments. How would you answer the question? Suppose...
Most questions answered within 3 hours.
-
identify the effect on the financial statement on the
following senarios:
b) the clients business mainly...
asked 9 seconds from now -
A heat engine has an efficiency of 0.48. Initially,
the engine performs net work W per...
asked 2 minutes ago -
Whenever two Apollo astronauts were on the surface of the Moon,
a third astronaut orbited the...
asked 9 minutes ago -
Suppose that Marriott’s production process is characterized by
constant returns to scale at all output levels....
asked 10 minutes ago -
calculate the mass of forsterite (Mg2SiO4) that contains a
million (1.00•10^6) oxygen
asked 13 minutes ago -
If a customer places a buy order for one millisecond only on an
electronic limit order...
asked 17 minutes ago -
An aqueous solution of perchloric acid is
standardized by titration with a 0.101 M solution
of...
asked 27 minutes ago -
Huckster Corporation purchased land on January 1, 20X1, for
$24,000. On June 10, 20X4, it sold...
asked 24 minutes ago -
A 2400-kg airplane pulls two gliders, the first of mass 330 kg
and the second of...
asked 36 minutes ago -
When I have a regression equation such as Y = beta 0 + beta 1 X...
asked 39 minutes ago -
1) Describe how the firm, Google is organized. a. Note the
formal structure (Organizational Charts); also...
asked 46 minutes ago -
Q 1 Give a numerical example of non routine decision,
Determine the relevant costs for this...
asked 47 minutes ago