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Naddik [55]
2 years ago
5

As the new general manager of a regional cable service, Joe is studying the formal configuration of groups and individuals in re

spect to the allocation of tasks, responsibilities, and authority within the cable company. He notices that there are numerous layers of people between the cable installers and technicians and himself as general manager. He thinks this is because of the high degree of specialization in the company. Everyone seems to have very narrowly defined jobs. Joe decides he wants fewer layers of employees and for each manager to have responsibility for more employees. He reduces the number of managers from 10 to 3. As a consequence, each manager will make of his/her own decisions and rely less on Joe. Joe's initial study is of the cable company's:______________.
Business
1 answer:
Brums [2.3K]2 years ago
8 0

Administrative restructuring; done at managerial level for effective decision making and delegation of power down the order.

<u> Explanation: </u>

According to the narration given in the above statement the general manager is of the view that too much layer of manager will hamper the decision making and effective delegation of work.

So, after a detailed study of manager’s role and responsibility at the level he decided to downsize the structure from 10 managers to 3 managers who will report to him for making effective decisions.

He has delegated power to the new managers and by doing so it has reduced the burden of the Joe. By doing this the organisation objectives and goals can be met at the targeted time.

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Net income (in millions) $150 Shares outstanding (in millions) 300 Stock price $30.00 What is the price-earnings ratio (to the n
Aloiza [94]

Answer:

60

Explanation:

price-earnings ratio = price / earnings per share

earnings per share = net income / shares outstanding = $150 / 300 = $0.50

$30 / $0.50 = 60

3 0
2 years ago
Journalize the entries to record the following summarized operations related to production for a company using a job order cost
MaRussiya [10]

Answer:

Raw Materials  176,000 debit

 Account Payable   176,000 credit

Factory Overehad 2,700 debit

WIP                     153,700 debit

      Raw Materials           156,400 credit

Factory Overehad 12,000 debit

WIP                        141,300 debit

      Wages Payable           153,300 credit

Factory Overhead 37,000 debit

 acc dep- equipment        37,000 credit

Factory Overhead 6,100 debit

        prepaid                 6,100 credit

Factory Overhead   76,000 debit

        account payable           76,000 credit

WIP                          105,300 debit

      Factory Overhead           105,300 credit

Finished Goods 415,300 debit

          WIP                        415,300 credit

Account receivables   638,000 debit

            Sales Revenue           638,000 credit

COGS                           412,000 debit

            Finished Goods          412,000 credit

Explanation:

Much of these are self-explanatory

<u>Notes:</u>

<u>The direct materials and labor applied to produciton orders go into WIP</u>

he applied overhead goes into WIP too.

Then, for <u>other manufacturing cost we post into the debit side of manufacturing overhead.</u> This way; we can later define the subapplication or overapplication of manufacturing overhead.

The finished goods are debited and WIP credited to represent the transfer to finished goods.

The finished good which are sold will be recognize as COGS

5 0
2 years ago
Suppose your opportunity cost rate is 11 percent compounded annually. (a) How much must you deposit in an account today if you w
BlackZzzverrR [31]

Answer:

a. Amount = $1653.93

b. Amount = $1835.82

Explanation:

a.

The Present Value is the deposited amount of future payments.

The payments are annuity if they are made at the end of each year.

To compute the present value of an annuity with periodic payment, we'll make use of the following formula:

M(1 - (1 + r)^- T)/ r

Where

M = Periodic Payment = $230

T = Periods = 15

r = rate = 11% = 0.11

So, Amount of Deposit = 230(1 - (1 + 0.11)^-15)/0.11

Amount = 230(1 - (1.11)^-15)/0.11

Amount = 230 ( 1 - 0.209)/0.11

Amount = 230 * 0.791/0.11

Amount = 230 * 7.191

Amount = $1653.93

b.

In this case payments are made at the beginning of each period

This means that the payments are an annuity due.

To compute the present value of an annuity due with periodic payment, we'll make use of the following formula

M((1 + r) - ( 1 + r) ^ ( 1 - T))/r

Amount = 230(( 1 + 0.11) - (1 + 0.11) ^ (1 - 15))/0.11

Amount. = 230((1.11 - 1.11^-14))/0.11

Amount = 230(1.11 - 0.232)/0.11

Amount = 230 * 0.878/0.11

Amount = 201.94/0.11

Amount = $1835.82

3 0
2 years ago
Consider the P/E ratios of the following companies: Company A: 7.4 Company B: 11.3 Company C: 14.8 Company D: 9.1 Among these fo
matrenka [14]

Answer:

highest relative value highest dollar

Explanation:

The price to earning ratio is a financial metric used to value a company. it compares the price of a stock to the earnings of the stock. the higher the metric is, the higher the valuation of the firm

price to earning ratio (P / E) = market value per share / earnings

The higher the P/E, the higher the relative value of the firm relative to other firms. This is because investors are confident about the prospects of growth of the firm and are willing to pay a higher price for the stock of the company

Types of P/E ratio

1. trailing p/e - it is calculated by dividing current share price by the earnings per share for the past 12 months

2. forward p/e - it is calculated by dividing current share price by the estimated per share earnings for the next 12 months

5 0
2 years ago
Maurice sent in a complaint about a rude salesperson he dealt with at FirstElectronics Inc. He didn't get a response for about t
AfilCa [17]

Answer:

centralized

Explanation:

According to my research on different organizational structures, I can say that based on the information provided within the question FirstElectronics most likely has an extremely centralized organizational structure. This type of structure is based on a hierarchical decision-making model in which all decisions and processes are handled strictly at the top or the executive level.

I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

8 0
2 years ago
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