The line structure is considered the simplest and the oldest form of organizational structure.
Line Structure.It is the direct chain of command throughout organization.
The Line managers are the ones who decide and command the workers. It should be quick decisions and they are accountable for the said decisions.
They must have a wide range of knowledge.
Answer:
Under a) r=0.1;Id=50;Cd=750;P=7 b) P only changes and is now 9.33
Explanation:
a) In a closed economy national savings are equal to investments or:
S d = I d = Y - Cd - G
Id = Y - 100 - 0.8*Y + 500*r - 0.5*G
100 - 500*r = 0.2*Y -100 + 500*r -0.5*G
200 - 1000*r = 0.2*1000 - 0.5*200=100
-1000*r=-100
r= 0.1
i = 0.15
Id = 100 -50 =50
Cd= 100 + 800 - 50 - 100=750
P = Md/Y-2000 i
P= 2100/1000 -300=7
b) If money supply increases to 2800, the price level would be:
P = 2800/Y - 2000*i = 2800/Y- 2000*(i-inflation)
However, since the variables determining real interest rate remained the same, r is also the same or 0.1 and i is 0.15. Consumption and investment remain the same, only price level changes or:
P=9.33
Answer:
$1,448,350 ; $5,539,760
Explanation:
The corrected amount is as follows
For cost of goods sold
= Reported cost of goods sold - overstated value of ending inventory in year 2019 + overstated value of ending inventory in year 2020
= $1,517,400 - $105,590 + $36,540
= $1,448,350
For retained earnings
= Reported retained earning - overstated value of ending inventory in year 2020
= $5,576,300 - $36,540
= $5,539,760
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