accountants who work at the corporate headquarters of a large department store chain use state-of-the-art systems to create financial statements every day, but the interpretation and analysis of those statements can take several hours. the accounting department consists of financial, managerial, and tax accountants. one advantage of departmentalizing the accountants is:

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Answer 1

The major advantage of departmentalizing the accountant is because its ensure maximum efficiency since employees could coordinate work within the department function.

Simply put, the term "Departmentalization" refers the process of grouping activities or function into section under the same department.

For instance, every company have an accounting department. The process of sub-grouping the accounting department into legal compliance or financial control, Reports and financial statements, Budgeting etc is known as departmentalization.

The process of Departmentalization has numerous advantages but one particular advantage is that employees with similar expertise can coordinate the work between themselves to achieve efficiency.

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Related Questions

This is a case study adopted from the book of Crispina R. Corpuz. "Reyes Department Store" Based on the review of the store, Nicole, the general manager concluded that one of the first things she has to attend involves developing the job description of her store supervisor. During her first few weeks on the job, Nicole found herself asking one of her supervisors, Jet, why was he violating what she knew to be part of the company policies and procedures. Jet’s only response was that he was not aware of that policy and was not aware it was part of his job. Nicole knew that a job description, along with a set of standards and procedures that specify what was to be done and how to do it, will go a long way toward alleviating the problem. Discuss the process that Nicole should follow to solve this problem.

Answers

In order to Nicole to solve this problem, she must reevaluate the job description and company policies and procedures, and then include certain specifications that will make employees more aware of their roles within the company.

Nicole is the general manager of the Reyes Department Store, so she acted correctly when she noticed inconsistent conduct by one of her supervisors and identified the problem.

She then realized that she should carry out a job description along with standards and procedures that specify what should be done and how to do it.

A job description is a document that specifies the responsibilities and activities of each organizational role.

Its objective is to adapt professionals to their work position according to their profile and optimize people management, creating greater standardization of processes and agility in decisions.

Therefore, job descriptions must always be monitored and revised so that new needs are included and so that employees can carry out their role effectively.

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the price elasticity of demand of a straight-line demand curve is

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Explanation:

Elasticity along a straight line demand curve varies from zero at the quantity axis to infinity at the price axis

Compare and contrast the different types of partnerships. Explain the advantages to a partnership. Explain the disadvantages.​

Answers

Answer:

ADVANTAGE:

Less formal with fewer legal obligationssharing burden easy to get started better decision making knowledge, skills and experience ownership and control

Explanation:

DISADVANTAGE:

profits must be shared personal demands taxes no independent status limits on developing business lack of disability

a retailer acquires merchandise for resale. how would this be recorded in a perpetual inventory system?

Answers

Debited to the inventory account.


Hope this helps!

when individuals choose which information inputs will reach their awareness and ignore other inputs, they are using

Answers

They are using Selective exposure

8. One of Hope's coworkers quits, and during the next pay period Hope works 60 hours instead of 40 to help cover
the shifts. Which of Hope's deductions will definitely change as a result?
a. Her Federal tax
b. Her health
C. Her dental
d. Her retirement

Answers

Answer:

A

Explanation:

The aspect of Hope's deductions that will definitely change as a result is Her Federal tax

Federal income taxes are simply known to be collected by the federal government to pay their bills

State taxes are often collected by individual state governments to pay their specific state bills.

Income tax are simply regarded as Taxes on income, both earned in salaries, wages, tips, commissions and also those unearned in form of interest and dividends.

Conclusively, Income taxes can be levied on both individuals and businesses.

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what is the name of the cost allocation method used for intangible assets?

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Answer:

coast allocation for assets is known as amortization. for intangibles. Depreciation, depletion, and amortization are processed of. cost allocation, not valuation.

How is everyones day? Make sure you haven eaten or drank something!

Answers

Answer:

the day is good

Explanation:

im not dead i need a crown please

Answer:

I'm doing good

Explanation:

just chilling im doing good

goal displacement, satisficing, and groupthink are:

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Goal displacement, satisficing, and groupthink are the advantages of group decision-making.

Group decision-making simply means the process where several individuals act collectively in order to analyze a particular problem.

During group decision-making, several ideas are considered and the best approach or idea is chosen in order to achieve a particular goal.

Some of the advantages of the group decision-making include goal displacement, satisficing, and groupthink.

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the group of consumers most likely to purchase a particular product are called a

Answers

Answer:

A target market.

Explanation:

The group of consumers most likely to purchase a particular product is called the target market.

What is a target market?

A target market is a group of people that have been identified as the most likely potential customers for a product because of their shared characteristics such as age, income, and lifestyle.

Identifying the target market is a key part of the decision-making process when a company designs, packages, and advertises its product. A new product must satisfy a need or solve a problem, or both. That need or problem is probably not universal unless it reaches the level of indoor plumbing. More likely, it is needed by a subset of consumers, such as environmentally-conscious vegetarians, or science nerds, or outdoor enthusiasts. It may appeal to a teenager or a middle-aged professional, a bargain-hunter or a snob.

The target market also can inform a product's specifications, packaging, and distribution.

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beginning inventory is $60,000. purchases of inventory during the year are $100,000. cost of goods sold is $120,000. what is ending inventory?

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Answer:

Beginning inventory is $60,000. Purchases of inventory during the year are $100,000. Cost of goods sold is $120,000. What is ending inventory? $40,000

Explanation:

what is the difference between ordered list and unordered list?

Answers

Plz try explaining the question in its full extent so I can try to help. Like what do you mean (“Ordered and Unordered list”)

Why is it important to have an organized business?​

Answers

Answer: According to "licenter.org" it states, "If your business is not properly organized, tasks can pile up, paperwork gets lost, and valuable time is spent on finding information that should be readily available. ... Getting organized can increase your productivity, ramp up your revenue, and cut down on your risks."

Katy Mills Mall contains two department stores, numerous specialty stores, a multi-screen movie theater, and various restaurants. Because it does not contain any convenience stores, Katy Mills Mall is an example of a(n) _____ shopping center.

Answers

Because it does not contain any convenience stores, Katy Mills Mall is an example of a(n) _____ shopping center.

Regional

A regional shopping center is a large shopping area which is meant to provide goods and services to people living in a particular area or state and must contain at least a departmental store, and any number of speciality stores.

According to the given question, we are told that Katy Mills Mall has two department stores  which are specialty stores, a movie theater and various restaurants.

However, because this shopping center does not contain any convenience stores, then it is a regional shopping center

Therefore, the correct answer is Regional

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Suppose your expenses for this term are as follows: tuition: $5,000, room and board (housing and food): $6,500, books and other educational supplies: $1,500. Further, during the term, you can only work part-time and earn $4,000 instead of your full-time salary of $14,000. What is the opportunity cost of going to college this term, assuming that your housing and food expenses would be the same even if you did not go to college

Answers

Answer:

so the total expenses would be $13,000

you made $4,000

that would leave us with $9,00

to answer your question, it would be:

$13,000

- $5,000

--------------

$8,000

$8,000

-$4,000

-------------

$4,000 total!

Explanation:

please mark brainliest if correct <3



Describe the key features of a financial record keeping system.

Answers

Answer:

A financial record keeping system should be safe, comprehensive and accessible.

Answer:

A financial record keeping system should be safe, comprehensive and accessible.

Explanation:

Correct on edg. 2021

an external auditor is required to be independent when performing:

Answers

Answer:

Independence of the external auditor means independence from parties that have an interest in the results published in financial statements of an entity. ... Internal and external concerns are convoluted when nominally independent divisions of a firm provide auditing and consulting services

An external auditor is required to be independent when performing: their duties.

Who is an auditor?

An auditor is someone who is responsible for evaluating the validity and reliability of a company or organization's financial statement. An accounting record so audited will be relied upon by management and investors in making their investment decision.

Independence of the external auditor means independence from parties that have an interest in the results published in financial statements of an entity. Internal and external concerns are convoluted when nominally independent divisions of a firm provide auditing and consulting services.

Hence, an external auditor is required to be independent when performing their duties.

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QUESTION 4 of 10: When estimating income, it is better to be:
a) A little low
b) A little high
c) Either, it doesn't matter

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Answer:

A, it should be a little low

Hope this help please give the brainliest award.

B) a lil high because you need to be able to have extra money just in case some was to happen.

the suffix .org is used for domain names of what type of organizations?

Answers

It used by non-profit and trade organizations. For example, "redcross.org" and "change.org". Hope this helps!

On December 15, 2021, Rigsby Sales Co. sold a tract of land that cost $4,000,000 for $5,000,000. Rigsby appropriately uses the installment sales method of accounting for this transaction. Terms called for a down payment of $490,000 with the balance in two equal annual installments payable on December 15, 2022, and December 15, 2023. Ignore interest charges. Rigsby has a December 31 year-end. In 2021, Rigsby would recognize realized gross profit of:

a. $1,400,000.
b. $126,000.
c. $450,000.
d. $0.

Answers

I think that its either A or C

during her recent performance appraisal, veasna learned that her manager thinks she has a good attitude and emerging leadership potential. veasna’s manager seems to be using a _____ appraisal.

Answers

An appraisal is used to evaluate an employee's performance on the job. The performance appraisal type that was used when Veasna learned that her manager thinks she has a good attitude and emerging leadership potential is;

360-degree

360-degree performance appraisal is the type where employees who are subjected to performance appraisal are given feedback by the person who performed the appraisal.

We see this in the case of Veasna who received positive feedback from her manager. She can then feel encouraged and work harder.

Summarily, the 360-degree performance appraisal was used for Veasna.

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accumulated depreciation and depreciation expense are classified, respectively, as

Answers

Answer:

Expensive, contra asset

Explanation:

hinguys im back!!!
folloe nyo ko pingay ko points ko sa inyo
dont forget folloe​

Answers

Answer:

hii have a great day ahead tq for the points

[true or false] Libraries and schools are places where you may conduct formal research.

Answers

Answer:

True

Explanation:

most libraries have books that contain reliable info

sometimes with schools

True. Usually most libraries and schools have professionally accurate books and/or information

do you want high or low interest rate on loan/credit explain

Answers

Answer:

People with higher credit scores should qualify for loans at better rates.

Explanation:

If you have a credit score of 750, 36% interest rate would be a considered a higher interest rate -- but if your score is 580, this would likely be a very good interest rate based on your credit history.

Hope this helps! Have a great day my loves <3

why is the McDonald ice cream machine always broken?

Answers

Answer:

its broken again XD

Explanation:

But as the answer to this question

*DEEP DRAMATIC SIGH*

We may never know my dude hang in there!!!!

Many businesses use find-a-hand, a professional staffing agency because of the employees’ expertise in recruiting and selecting workers that match the needs of their business clients. in a swot analysis, the employees’ high levels of knowledge are an example of the find-a-hand’s:

Answers

It is an example of Strength in SWOT Analysis.

SWOT Analysis is a strategic planning technique used for identifying and analyzing internal strengths and weaknesses in an organization includes the Strength, Weakness, Opportunities and Threat.

Professional staffing agency isused by organization to recruit qualified workers into the organization.

But, employees’ with high levels of knowledge can also perform the purpose for business client, so, this situation forms part of the Strength factor for such organization.

In conclusion, an example of the find-a-hand’s forms the Strength in the SWOT analysis of the company.

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latoya filed her tax return on february 10th this year. when will the statute of limitations expire for this tax return?

Answers

Answer:

The statute of limitations generally ends three years from the laterof (i) the date the tax return was actually filed (3 years from February 10th of this year) or (ii) the tax return’s original due date (3 years from April 15th of this year).Accordingly,Latoya’s statute of limitations for the tax return will end 3 years from April 15th.

Explanation:

24. When documenting animal data, what is typically not included in the record?


pedigree
breeding plan
weight
estimated lifespan

Answers

the answer is most likely breeding plan. i may be wrong though. hope this helps

PLEASE HELP ASAP, I WILL MARK BRAINLIEST
-economics

What is one strategy banks use to make sure people pay back their loans on
time?
A. Criminal prosecution for late payments
B. Increasing credit scores for late payments
C. Charging fees for late payments
D. Lowering interest rates for late payments

Answers

Answer:c

Explanation:because they would have to pay more over time

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Because of Ginny, all the kittens were saved.Almost daily, Ginny would find cats that needed rescuing or, in some cases, a little love. Ginny's owner reported that when Ginny saw a cat on their walks, she would pull away from her leash and run after the cat. Instead of chasing cats like most dogs, Ginny would nuzzle and lick them, giving them comfort. Because of Ginny, her owner soon found he was caring for hundreds of wild neighborhood cats. In addition, Ginny pushed her owner to adopt more than 20 cats, most of whom had permanent injuries or special needs."When we would go to the pound to drop off donations," her owner said, "Ginny always found the cat that was blind or deaf or hurt in some way. She would sit down in front of the cat's crate and not move until we brought it home."What makes a dog behave in such a kind way? Some believe Ginny had a very strong mothering instinct. But how could she tell when a cat was deaf? How did she know which cats needed love and attention? Regardless of how she did it, Ginny rescued hundreds of cats in her life and set an example we all can follow.What is the main idea of the essay?A Ginny devoted her life to rescuing needy and endangered cats.B Ginny is a loyal and happy dog.C Ginny made a good impression on her owner from the first day.D Ginny makes all other hero dogs look like amateurs. Marcus wants to use the Distributive Property to rewrite 28+72. Which expression could he use? what is 9,340 x 4/3. Which continent is pictured in the map as number 3? Exercise 1: Choose the best answer:1. It is ___ that I have read it twice.a. such an interesting book b. so interesting a bookc. too interesting a book d. a & b are correct2. He ____ I was scared.a. drove too fast that b. drove so fastly thatc. drove so fast that d. drove such fast that3. It is ____ to go swimming.a. too cold b. so cold c. such a cold d. enough cold4. 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