Donna is a manager of an online clothing store. She has five employees who work remotely in their homes in New York, Texas, California, Colorado, and Florida. In addition to managing her employees and having a phone meeting with each of them weekly, Donna also orders merchandise, manages the inventory, coordinates shipping to customers, and manages the company's advertising and finances. What type of span of management does this scenario describe? A) centralized B) broad C) wide D) narrow E) specialized

Donna is a manager of an online clothing store. She has five employees who work remotely in their homes in New York, Texas, California, Colorado, and Florida. In addition to managing her employees and having a phone meeting with each of them weekly, Donna also orders merchandise, manages the inventory, coordinates shipping to customers, and manages the company's advertising and finances. What type of span of management does this scenario describe? A) centralized B) broad C) wide D) narrow E) specialized

SWFT Comprehensive Vol 2020

43rd Edition

ISBN:9780357391723

Author:Maloney

Publisher:Maloney

Chapter5: Gross Income: Exclusions

Section: Chapter Questions

Problem 41P

See similar textbooks

Related questions

Q: The senior management accountant is interested in implementing a new accounting information for the…

A: Accounting Information It refers to those information which are related to business and financial…

Q: • District expenses were allocated to the stores based on sales. • New England Region general and…

A: Income Statement The purpose of preparing the income statement is to know the net income which was…

Q: Taylor Construction builds custom homes in Dallas, Texas. Brandon Taylor knows that his future…

A: Balanced scorecard: It is a tool to measure the performance that relates a company’s strategy to…

Q: Give an example of managerial accounting information that could help a manager make the following…

A: Managerial accounting information assists the managers in various decisions related to different…

Q: Cecily Good is the director of the Young Minds Childcare Centre and recently hired you as the…

A: Contribution Margin=Revenues-Variable Cost

Q: Remember the four management functions? They are planning, organizing, leading, and controlling.…

A: During this time period, I was given the responsibility of serving as the operations manager for the…

Q: Goodworks Software operates stores within five regions. Regional managers are held accountable for…

A: Solution: As regional manager are held accountable for marketing, advertising, and sales decisions,…

Q: Janet has a small business which is a spa and beauty retreat where she also employs a few staff.…

A: REA stands for resources, events, agents model made to redeveloped an accounting system that can be…

Q: When you look at the organizational structure of ABC Inc., you notice that the Marketing department…

A: c) Functional

Q: In each of the following situations, identify which type of responsibility center is appropriate…

Q: ABC Limited operates its business as one of the leading clothing wholesalers in the region and sells…

A: Internal Control The purpose of implementing the internal control to the company to identify and…

Q: Relco Industries recently purchased Arbeck, Inc., a manufacturer of electrical components that the…

A: Note: Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the question…

Q: Downtown! is a rapidly growing web-based retailer with about 100 management and technical support…

A: Answer: Person X views that, they will design the latest to create their own reports. This would…

Q: Cathy’s Classic Clothes is a retailer that sells to professional women in the northeast. The firm…

A: Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the question and…

Q: 1. Identify the resources, events, and agents within Martin’s revenue process. 2. Develop an E-R…

A: ER Diagram: ER diagram is called Entity relationship diagram which contains different symbols and…

Q: For each of the following managers, describe how managerial accounting could be used to satisfy…

A: Managerial accounting: Managerial accounting is the process of identifying, measuring, analyzing,…

Q: X-Mart is a domestic chain of retail business. It has multiple branches across country. All the…

A: A) ETL (extract, transform, and load) will be a data transformation process. As databases became…

Q: Justin Bleeber has prepared the following list of statements about mi accounting, financial…

A: False: Financial accounting focuses on providing information to external users, such as investors,…

Q: For each of the following managers, describe how managerial accounting could be used to satisfy…

A: Managerial accounting:Managerial accounting is the process of identifying, measuring, analyzing,…

Q: Avatar Financials, Inc., located on Madison Avenue in New York City, is a company that provides…

A: Requirement a. Following are the internal control issues. Since program maintenance is an…

Q: Camila’s Classic Clothes is a retailer that sells to professional women in the northeast. The firm…

A: Income StatementThe purpose of preparing the income statement is to know the net income which was…

Q: Avatar Financials, Inc., located on Madison Avenue, New York City, is a company that provides…

A: The individuals who are engaged in the process related to the verification of the financial records…

Question

8) Donna is a manager of an online clothing store. She has five employees who work
remotely in their homes in New York, Texas, California, Colorado, and Florida. In
addition to managing her employees and having a phone meeting with each of them
weekly, Donna also orders merchandise, manages the inventory, coordinates shipping to
customers, and manages the company's advertising and finances. What type of span of
management does this scenario describe?
A) centralized
B) broad
C) wide
D) narrow
E) specialized

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

This is a popular solution!

SEE SOLUTION Check out a sample Q&A here

Introduction

VIEW

Explanation

VIEW

Conclusion

VIEW

Trending now

This is a popular solution!

Step by step

Solved in 3 steps

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, finance and related others by exploring similar questions and additional content below.

Similar questions

Cathy’s Classic Clothes is a retailer that sells to professional women in the northeast. The firm leases space for stores in upscale shopping centers, and the organizational structure consists of regions, districts, and stores. Each region consists of two or more districts; each district consists of three or more stores. Each store, district, and region has been established as a profit center. At all levels, the company uses a responsibility-accounting system focusing on information and knowledge rather than blame and control. Each year, managers, in consultation with their supervisors, establish financial and nonfinancial goals, and these goals are integrated into the budget. Actual performance is mea-sured each month.The New England Region consists of the Coastal District and the Inland District. The Coastal District includes the New Haven, Boston, and Portland stores. The Coastal District’s performance has not been up to expectations in the…
Cathy's Classic Clothes is a retailer that sells to professional women in the northeast. The firm leases space for stores in upscale shopping centers, and the organizational structure consists of regions, districts, and stores. Each region consists of two or more districts; each district consists of three or more stores. Each store, district, and region has been established as a profit center. At all| levels, the company uses a responsibility-accounting system focusing on information and knowledge rather than blame and control. Each year, managers, in consultation with their supervisors, establish financial and nonfinancial goals, and these goals are integrated into the budget. Actual performance is measured each month. The New England Region consists of the Coastal District and the Inland District. The Coastal District includes the New Haven, Boston, and Portland stores. The Coastal District's performance has not been up to expectations in the past. For the month of May, the district…
Camila’s Classic Clothes is a retailer that sells to professional women in the northeast. The firm leases space for stores in upscale shopping centers, and the organizational structure consists of regions, districts, and stores. Each region consists of two or more districts; each district consists of three or more stores. Each store, district, and region has been established as a profit center. At all levels, the company uses a responsibility-accounting system focusing on information and knowledge rather than blame and control. Each year, managers, in consultation with their supervisors, establish financial and nonfinancial goals, and these goals are integrated into the budget. Actual performance is measured each month. The New England Region consists of the Coastal District and the Inland District. The Coastal District includes the New Haven, Boston, and Portland stores. The Coastal District’s performance has not been up to expectations in the past. For the month of May, the district…
Assume you have just taken a position as controller for a new company that manufactures and sells wrought iron wall hangings. Although the founder of the company, who is the president and CEO, is a great artisan, she has very limited knowledge of accounting. Instructions To help your new boss better understand accounting for a manufacturing organization, prepare a response to her in which you: (1) identify, (2) describe, and (3) provide examples of the three manufacturing costs and the three inventory accounts used in accounting for a manufacturing company.
For each of the following managers, describe how managerial accounting could be used to satisfy strategic and operational objectives: 1, The vice president of the Information Systems Division of a Bank. 2. A Hospital Administrator. 3. The chief executive officer of a food company. The food company is divided into three divisions: Nonalcoholic beverages, snacks and foods, and fast-food restaurants. 4. The manager of the local campus copy shop.
For each of the following managers, describe how managerial accounting could be used to satisfy strategic or operational objectives:1. The vice president of the Information Systems Division of a bank.2. A hospital administrator.3. The chief executive officer of a food company. The food company is divided into three divisions: Nonalcoholic Beverages, Snack Foods, and Fast-Food Restaurants.4. The manager of the local campus copy shop.
Remember the four management functions? They are planning, organizing, leading, and controlling. Think of a job you have now or one you’ve had in the past. List the managerial activities you have done or observed. If you have never had a paid job, remember that it takes management skills to manage a home, run a baseball team, and lead a church group. Classify each activity of your job according to whether it involved planning, organizing, leading, or controlling. Please also include a short narrative substantiating the way in which you have clarified each activity. Please make sure to comment meaningfully on one other student's post: do you agree with their classifications? Is there anything you found surprising about their job and the activities involved?
Bb.77.
Suppose you have a part-time position over the winter break in a small clothing store that is part of the national chain. The store's one full-time employee, with whom you have become friendly, hired you. Explain what you would do in the situations described below, and identify two internal control problems that exist in each situation. Each response must be analyzed, grammatically correct, and substantive. (This means you probably will not do well with a one sentence response). 1. You arrive at the store at 6 pm to take over the evening shift from the full-time employee who hired you. You notice that this person takes a coat from the rack, puts it on, and leaves by the back door. You are not sure if the coat is one that was for sale or if it belonged to the employee. 2. You are the only person in the store on a busy evening. At closing time, you total the cash register and the receipts and discover that the cash register is $20 short of cash. You consider replacing the $20…
Downtown! is a rapidly growing web-based retailer with about 100 management and technical support employees at its headquarters office in Florida. Mary Estrada, the firm’s IT manager, is planning a new information system that will give users better access to sales and marketing data and trends. She has a concern, however. She knows that users often request reports but use only a small portion of the data. In many offices she sees inboxes filled with printed reports gathering dust. Mary asked for your opinion: What if new system users could design most of their own reports without assistance from the IT staff, by using a powerful, user-friendly report writer program? Do you think they would request as many reports or the same types of reports? What are the pros and cons of giving users total control over output?
Mohammed was recently interviewed for an accounting job. His employer told him that the job emphasizes precision and verifiability and involves preparing company-wide reports. Mohammed is probably going to work as: a. A Marketing specialist O b. AFinancial accountant O C. None of the given answers O d. AHuman resource manager O e. A Management accountant
CASE:Outsourcing Accounting FunctionsYou have been employed for two years in the accounting department of a mid-sized multinational consumer products company. Your performance has been outstanding, and it is clear that management feels you have great potential with the firm. However, you are quite surprised when your manager calls you into her office to tell you that you have been chosen to lead an effort to identify an outsourcing partner for the payroll, accounts payable, and accounts receivable functions. She assures you that there will be an excellent assignment for you after the outsourcing is successfullycompleted and all is functioning well in one to two years. Questions: 1.What benefits might your organization gain from outsourcing basic accounting functions? 2. .Identify at least three major organizational challenges associated with transitioning these functions to an outsourcing firm.