MANAGERIAL ACCOUTING LL WITH ACCESS
MANAGERIAL ACCOUTING LL WITH ACCESS
16th Edition
ISBN: 9781307670585
Author: Garrison
Publisher: MCG
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Chapter 11, Problem 2Q
To determine

Decentralization:

It refers to the process of delegating authority and tasks to lower levels of management instead of being accumulated at the middle or top level management.

Decentralization has several benefits such as increased employee productivity and motivation as well as acting as an incentive for personal and professional growth.

Benefits of Decentralization.

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Financing Deficit Stevens Textile Corporation's 2019 financial statements are shown below: Just need the correct LOC? Balance Sheet as of December 31, 2019 (Thousands of Dollars) Cash $ 1,080   Accounts payable $ 4,320 Receivables 6,480   Accruals 2,880 Inventories 9,000   Line of credit 0    Total current assets $16,560   Notes payable 2,100 Net fixed assets 12,600      Total current liabilities $ 9,300       Mortgage bonds 3,500       Common stock 3,500       Retained earnings 12,860    Total assets $29,160      Total liabilities and equity $29,160 Income Statement for December 31, 2019 (Thousands of Dollars) Sales $36,000 Operating costs 34,000    Earnings before interest and taxes $ 2,000 Interest 160    Pre-tax earnings $ 1,840 Taxes (25%) 460 Net income $ 1,380 Dividends (40%) $    552 Addition to retained earnings $ 828 Stevens grew rapidly in 2019 and financed the growth with notes payable and long-term bonds. Stevens expects sales to…
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MANAGERIAL ACCOUTING LL WITH ACCESS

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