Centralized operations : In a company where the major plans and operating decisions are controlled by the top level management, such a company is said to have centralized operations. Decentralized operations : In a company where the plans and operating decisions are delegated to the divisional managers, such a company is said to have decentralized operations. To distinguish: Centralized operations from decentralized operations

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Answer 1

Question

Chapter 23, Problem 1DQ

To determine

Centralized operations: In a company where the major plans and operating decisions are controlled by the top level management, such a company is said to have centralized operations.

Decentralized operations: In a company where the plans and operating decisions are delegated to the divisional managers, such a company is said to have decentralized operations.

To distinguish: Centralized operations from decentralized operations

Expert Solution & Answer

Explanation of Solution

Differences between centralized and decentralized operations:

Centralized Operations	Decentralized Operations
The major operating decisions are controlled by top level management.	The major operating decisions are delegated to divisional managers.
Centralized operations are preferable by small businesses, where one man can handle all the operations.	Decentralized operations are delegated to the managers with expertise in the respective production lines and services.
Since the business is small and can be controlled by one person, it is easy to maintain the operations, and not much experience is necessary.	Since the product lines and numerous, top level management cannot alone control all the operations, and may not have expertise in all departments.

Table (1)

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ayco Inc. started its operations in 2022. Its sales during 2022, all on account, totalled $700,000. The company collected $500,000 in cash from customers during the year and wrote off $8,000 in uncollectible accounts. The company set up an allowance for doubtful accounts at December 31, 2022, its fiscal year-end, and determined the account balance to be $14,000. The unadjusted balances of selected accounts at December 31, 2023 are as follows: Accounts receivable $ 300,000 Allowance for doubtful accounts (debit) 10,000 Sales revenue (including 80 percent in sales on account) 800,000 Aging of the accounts receivable on December 31, 2023, resulted in an estimate of $11,000 in potentially uncollectible accounts. Required: 1. Prepare the journal entries to record all the transactions during 2022 and post them to appropriate T-accounts. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)…

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The partnership of Keenan and Kludlow paid the following wages during this year: Line Item Description Amount M. Keenan (partner) $108,000 S. Kludlow (partner) 96,000 N. Perry (supervisor) 54,700 T. Lee (factory worker) 35,100 R. Rolf (factory worker) 27,200 D. Broch (factory worker) 6,300 S. Ruiz (bookkeeper) 26,000 C. Rudolph (maintenance) 5,200 In addition, the partnership owed $250 to Rudolph for work he performed during December. However, payment for this work will not be made until January of the following year. The state unemployment tax rate for the company is 2.95% on the first $9,000 of each employee's earnings. Compute the following: ound your answers to the nearest cent. a. Net FUTA tax for the partnership for this year b. SUTA tax for this year

Answer 2

Question

Chapter 23, Problem 1DQ

To determine

Centralized operations: In a company where the major plans and operating decisions are controlled by the top level management, such a company is said to have centralized operations.

Decentralized operations: In a company where the plans and operating decisions are delegated to the divisional managers, such a company is said to have decentralized operations.

To distinguish: Centralized operations from decentralized operations

Expert Solution & Answer

Explanation of Solution

Differences between centralized and decentralized operations:

Centralized Operations	Decentralized Operations
The major operating decisions are controlled by top level management.	The major operating decisions are delegated to divisional managers.
Centralized operations are preferable by small businesses, where one man can handle all the operations.	Decentralized operations are delegated to the managers with expertise in the respective production lines and services.
Since the business is small and can be controlled by one person, it is easy to maintain the operations, and not much experience is necessary.	Since the product lines and numerous, top level management cannot alone control all the operations, and may not have expertise in all departments.

Table (1)

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Answer 3

Question

Chapter 23, Problem 1DQ

To determine

Centralized operations: In a company where the major plans and operating decisions are controlled by the top level management, such a company is said to have centralized operations.

Decentralized operations: In a company where the plans and operating decisions are delegated to the divisional managers, such a company is said to have decentralized operations.

To distinguish: Centralized operations from decentralized operations

Expert Solution & Answer

Explanation of Solution

Differences between centralized and decentralized operations:

Centralized Operations	Decentralized Operations
The major operating decisions are controlled by top level management.	The major operating decisions are delegated to divisional managers.
Centralized operations are preferable by small businesses, where one man can handle all the operations.	Decentralized operations are delegated to the managers with expertise in the respective production lines and services.
Since the business is small and can be controlled by one person, it is easy to maintain the operations, and not much experience is necessary.	Since the product lines and numerous, top level management cannot alone control all the operations, and may not have expertise in all departments.

Table (1)

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Answer 4

Question

Chapter 23, Problem 1DQ

To determine

Centralized operations: In a company where the major plans and operating decisions are controlled by the top level management, such a company is said to have centralized operations.

Decentralized operations: In a company where the plans and operating decisions are delegated to the divisional managers, such a company is said to have decentralized operations.

To distinguish: Centralized operations from decentralized operations

Expert Solution & Answer

Explanation of Solution

Differences between centralized and decentralized operations:

Centralized Operations	Decentralized Operations
The major operating decisions are controlled by top level management.	The major operating decisions are delegated to divisional managers.
Centralized operations are preferable by small businesses, where one man can handle all the operations.	Decentralized operations are delegated to the managers with expertise in the respective production lines and services.
Since the business is small and can be controlled by one person, it is easy to maintain the operations, and not much experience is necessary.	Since the product lines and numerous, top level management cannot alone control all the operations, and may not have expertise in all departments.

Table (1)

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Answer 5

Chapter 23, Problem 1DQ

To determine

Centralized operations: In a company where the major plans and operating decisions are controlled by the top level management, such a company is said to have centralized operations.

Decentralized operations: In a company where the plans and operating decisions are delegated to the divisional managers, such a company is said to have decentralized operations.

To distinguish: Centralized operations from decentralized operations

Expert Solution & Answer

Explanation of Solution

Differences between centralized and decentralized operations:

Centralized Operations	Decentralized Operations
The major operating decisions are controlled by top level management.	The major operating decisions are delegated to divisional managers.
Centralized operations are preferable by small businesses, where one man can handle all the operations.	Decentralized operations are delegated to the managers with expertise in the respective production lines and services.
Since the business is small and can be controlled by one person, it is easy to maintain the operations, and not much experience is necessary.	Since the product lines and numerous, top level management cannot alone control all the operations, and may not have expertise in all departments.

Table (1)

Answer 6

Chapter 23, Problem 1DQ

To determine

Centralized operations: In a company where the major plans and operating decisions are controlled by the top level management, such a company is said to have centralized operations.

Decentralized operations: In a company where the plans and operating decisions are delegated to the divisional managers, such a company is said to have decentralized operations.

To distinguish: Centralized operations from decentralized operations

Expert Solution & Answer

Explanation of Solution

Differences between centralized and decentralized operations:

Centralized Operations	Decentralized Operations
The major operating decisions are controlled by top level management.	The major operating decisions are delegated to divisional managers.
Centralized operations are preferable by small businesses, where one man can handle all the operations.	Decentralized operations are delegated to the managers with expertise in the respective production lines and services.
Since the business is small and can be controlled by one person, it is easy to maintain the operations, and not much experience is necessary.	Since the product lines and numerous, top level management cannot alone control all the operations, and may not have expertise in all departments.

Table (1)

Answer 7

Chapter 23, Problem 1DQ

To determine

Centralized operations: In a company where the major plans and operating decisions are controlled by the top level management, such a company is said to have centralized operations.

Decentralized operations: In a company where the plans and operating decisions are delegated to the divisional managers, such a company is said to have decentralized operations.

To distinguish: Centralized operations from decentralized operations

Answer 8

Expert Solution & Answer

Explanation of Solution

Differences between centralized and decentralized operations:

Centralized Operations	Decentralized Operations
The major operating decisions are controlled by top level management.	The major operating decisions are delegated to divisional managers.
Centralized operations are preferable by small businesses, where one man can handle all the operations.	Decentralized operations are delegated to the managers with expertise in the respective production lines and services.
Since the business is small and can be controlled by one person, it is easy to maintain the operations, and not much experience is necessary.	Since the product lines and numerous, top level management cannot alone control all the operations, and may not have expertise in all departments.

Table (1)

Answer 9

Expert Solution & Answer

Answer 10

Expert Solution & Answer

Answer 11

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