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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On June 30, 2009, Straight Movers had $243,000 in current assets and $211,000 in current liabilities. On August 1, 2009, Straight received $50,000 from an issue of promissory notes that will mature in 2012. The notes pay interest on February 1 at an annual rate of 6 percent. Straights' fiscal year ends on December 31. What is the interest expense for December 31?

What was the company's revenue for the year? Provide correct answer general accounting

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)