Answer:
Alternative 1:
Debit Revenue $5,000,000
Credit Equipment $5,000,000
Alternative 2:
Debit Revenue $5,000,000
Credit Deferred revenue $5,000,000
Explanation:
Preparation of the correcting journal entries required under the two alternative accounting treatments allowed under IFRS
Based on the information given if in the October 2021, the company received the amount of $5 million as government grant in which we were told that the grant represents 20% of the total cost of equipment which means that the correct journal entries required under the two alternative accounting treatments allowed under IFRS will be :
Alternative 1:
Debit Revenue $5,000,000
Credit Equipment $5,000,000
Alternative 2:
Debit Revenue $5,000,000
Credit Deferred revenue $5,000,000
g widgets inc plans to produce 8000 widgets during the upcoming year. each widget requires four direct labor hours at 25 per hour and 110 in direct material costs .... compute the predetermined overhead rate per direct labor hour
Answer:
Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base
Explanation:
Giving the following information:
Production= 8,000 units
Direct labor hours= 4*8,000= 32,000 hours
To calculate the predetermined overhead rate, we need the estimated overhead costs. We don't have the number, but I will provide a fake number, and determine the overhead rate.
Estimated overhead costs= $1,500,000
Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base
Predetermined manufacturing overhead rate= 1,500,000 / 32,000
Predetermined manufacturing overhead rate= $46.875 per direct labor hour
The sales tax hurts economic efficiency. If the Mayor’s only consideration was maximizing market efficiency, then you would recommend a zero sales tax. Suppose, though, that the Mayor is considering spending the revenue raised by the tax on a city government program. What specific advice would you give to ensure that the city’s overall economic welfare is improved from the policy and the tax levied to finance the program?
A sales tax is collected by the local and the state government. For the welfare finding.
What is a sales tax. ?The sales tax is a tax that is paid to certain goods and services. It allows the sellers to collect the finds from the taxes. When the tax is on the goods and services is given to the body directly to the consumer. The spending of the tax in the city program of the govt lead to economic welfare and improvement of the financial levels.
The sales tax affects the economics of the nation and hence the efficacy gets decreased. If the mayor's only consideration was to maximize the efficiency of the market then you would recommend a zero sales tax. On the basis of the mayor consideration that the revenue is raised for the tax.
Find out more information about the sales tax.
brainly.com/question/8241315.
Caleb Co. owns a machine that had cost $44,400 with accumulated depreciation of $19,400. Caleb exchanges the machine for a newer model that has a market value of $55,000. 1. Record the exchange assuming Caleb paid $31,000 cash and the exchange has commercial substance. 2. Record the exchange assuming Caleb paid $23,000 cash and the exchange has commercial substance.
Answer:
Part 1
Debit :New Machine $55,000
Debit : Profit and Loss $39,400
Credit: Accumulated Depreciation: Old Machine $19,400
Credit :Cost: Old Machine $44,400
Credit : Cash $31,000
Part 2
Debit :New Machine $55,000
Debit : Profit and Loss $31,400
Credit: Accumulated Depreciation: Old Machine $19,400
Credit :Cost: Old Machine $44,400
Credit : Cash $23,000
Explanation:
The Standard on Property, Plant and Equipment States that :
"When exchange has commercial substance, Cost Price of item Acquired is measured at Fair Value.
When Fair Values of both assets acquired and given up can be determined reliably, the Fair Value of Asset given up will be used.
Unless the Fair Value of the Asset acquired is more evident, that Value may be used"
From this, we have on Fair Value of Asset Acquired, so we use that as the Cost of the New Asset. Cost of New Asset in Both Cases will be $55,000.
Recognize the New Cost of Asset, Derecognize the Cash Paid, Derecognize Cost of Old Asset and Accumulated Depreciation in a journal to find the Profit or loss resulting from the exchange as above.
Make-or-Buy Decision
Fremont Computer Company has been purchasing carrying cases for its portable computers at a purchase price of $40 per unit. The company, which is currently operating below full capacity, charges factory overhead to production at the rate of 25% of direct labor cost. The unit costs to produce comparable carrying cases are expected to be as follows:
Direct materials $16
Direct labor 20
Factory overhead (25% of direct labor) 5
Total cost per unit $41
If Fremont Computer Company manufactures the carrying cases, fixed factory overhead costs will not increase and variable factory overhead costs associated with the cases are expected to be 5% of the direct labor costs.
a. Prepare a differential analysis dated September 30 to determine whether the company should make (Alternative 1) or buy (Alternative 2) the carrying case. If an amount is zero, enter "0". If required, round your answers to two decimal places. Use a minus sign to indicate a loss.
Differential Analysis
Make Carrying Case (Alt. 1) or Buy Carrying Case (Alt. 2)
September 30
Make Carrying Case (Alternative 1) Buy Carrying Case (Alternative 2) Differential Effect on Income (Alternative 2)
Sales price $ $ $
Unit costs:
Purchase price
Direct materials
Direct labor
Variable factory overhead
Fixed factory overhead
Income (loss) $ $ $
b. Assuming there were no better alternative uses for the spare capacity, it would (Be advisable, Not be advisable) to manufacture the carrying cases. Fixed factory overhead is(Relevant, Irrelevant) to this decision.
Answer:
A. Make carrying case(Alternative 1) $41.00
Buy carrying case (Alternative 2)$44.00
Differential effect on net income (Alternative 2)($3.00)
B. Assuming there were no better alternative uses for the spare capacity, it would BE ADVISABLE to manufacture the CARRYING CASES. Fixed overhead is IRRELEVANT to this decision.
Explanation:
A. Preparation of a Differential Analysis
DIFFERENTIAL ANALYSIS
Make carrying case Buy carrying case
(Alternative 1) (Alternative 2)
Alternative 1 Alternative 2 Differential effect on net income (Alternative 2)
Sales price
$0.00 $0.00 $0.00
Purchase Price
$0.00 $40.00 ($40.00)
Direct materials
$16.00 $0.00 $16.00
Direct labor
$20.00 $0.00 $20.00
Variable manufacture overhead (20*5%=$1.00)
$1.00 $0.00 $1.00
Fixed manufacture overhead($5.00-$1.00) $4.00 $4.00 $0.00
Income(Loss)
$41.00 $44.00 ($3.00)
Based on the above calculation Alternative 1 which is carrying case should be Choose by the Company .
B. Therefore Assuming there were no better alternative uses for the spare capacity, it would BE ADVISABLE to manufacture the CARRYING CASES. Fixed overhead is IRRELEVANT to this decision.
Assume that in 2018, the first edition of a comic book was sold at auction for $762,400. The comic book was originally sold in 1938 for $.05. For this to have been true, what was the annual increase in the value of the comic book
Answer:
See below
Explanation:
The above is calculated using;
A = P(1 + r/100)^n
Where
A = Future value
P = Present value
r = rate of interest
n = time period
762,400 = 0.05(1 + r/100) ^ 80
(762,400/0.05)^(1/80) = 1 + r/100
Classify the following cash flows as either operating, investing, or financing activities assume indirect method. 32 (8 01:40:41
1. Received cash from long-term debt issuance.
2. Paid long-term debt with cash.
3. Received cash from short-term debt issuance.
4. Issued common stock for cash.
5. Paid cash for wages and salaries.
6. Received cash interest on a note.
7. Paid cash for property taxes on building.
8. Paid cash for utilities.
9. Sold stock investments for cash.
10. Received cash from sale of equipment.
Answer:
1. Received cash from long-term debt issuance.
Classification: Financing activities
2. Paid long-term debt with cash.
Classification: Financing activities
3. Received cash from short-term debt issuance.
Classification: Financing activities/Operating activities
4. Issued common stock for cash.
Classification: Financing activities
5. Paid cash for wages and salaries.
Classification: Operating activities
6. Received cash interest on a note.
Classification: Operating activities
7. Paid cash for property taxes on building.
Classification: Operating activities
8. Paid cash for utilities.
Classification: Operating activities
9. Sold stock investments for cash.
Classification: Investment activities / Finance activities
10. Received cash from sale of equipment.
Classification: Investment activities
What are three sources that offer specialized information on records management?
Answer:
Organize a records management element in institutional information resource ... Render for sufficient data collection and information path and retrieval; ... and to demand justification for the acquisition of highly specific filing arrangements.
Explanation:
The dictionary incorporates the most significant archival sessions with specific meanings. ... or buying, historical matters from references outside the archival organization. ... DOCUMENT: Recorded information despite pattern or mechanism with three basic ... To build retention periods for prevailing records and provide for their proper ...
A water resources engineer is trying to run a cost-benefit analysis for a project. They need to first decide on the planning period (the benefits should be calculated over N years, and N should be determined). If N is too large, then the future benefits in those years (e.g. 70 years from now) will have a very low present value. Therefore, the engineer would like to cut off the planning period after a point when the present equivalent of benefits becomes less than 6.25% of that future benefit. If the interest rate is 8%, use the rule of 72 to determine the duration of the planning period (N).
Answer:
N = 36 years
Explanation:
Solution:
According to the 72 rule, present sum doubles in value, if the product of interest rate in percent and number of compounding period is 72.
So, We can say for every 9 years at 8 percent = 72 = present sum will be doubled.
Similarly, it will be doubled at 18 years., then 27 years, then 36 years and so on.
SO,
We need to find the P/F ratio, for the end of 0 years first.
Formula = (P/F, i, n) = [tex](1 + i)^{-n}[/tex]
here,
i = 8%
n = 0 years.
P/F = [tex](1 + 0.08)^{-0}[/tex] (Anything power zero = 1)
So, similarly, calculate this P/F ratio for every 9 years till present equivalent of benefits becomes less than 6.25% of that future benefit.
find the P/F ratio, for the end of 9 years:
Formula = (P/F, i, n) = [tex](1 + i)^{-n}[/tex]
here,
i = 8%
n = 9 years.
P/F = [tex](1 + 0.08)^{-9}[/tex]
P/F = 0.50
Amount = 2x
find the P/F ratio, for the end of 18 years:
Formula = (P/F, i, n) = [tex](1 + i)^{-n}[/tex]
here,
i = 8%
n = 18 years.
P/F = [tex](1 + 0.08)^{-18}[/tex]
P/F = 0.25
Amount = 4x
find the P/F ratio, for the end of 27 years:
Formula = (P/F, i, n) = [tex](1 + i)^{-n}[/tex]
here,
i = 8%
n = 27 years.
P/F = [tex](1 + 0.08)^{-27}[/tex]
P/F = 0.13
Amount = 8x
find the P/F ratio, for the end of 36 years:
Formula = (P/F, i, n) = [tex](1 + i)^{-n}[/tex]
here,
i = 8%
n = 36 years.
P/F = [tex](1 + 0.08)^{-36}[/tex]
P/F = 0.06 = P/F ratio percentage = 6%
Amount = 16x
Hence, N = 36 years because it is the value nearest to 6.25% required
find the P/F ratio, for the end of 45 years:
Formula = (P/F, i, n) = [tex](1 + i)^{-n}[/tex]
here,
i = 8%
n = 45 years.
P/F = [tex](1 + 0.08)^{-45}[/tex]
P/F = 0.03
Amount = 32x
n the context of competing in the global economy, globalization suggests that: a. an organization's nationality is held strongly in consciousness. b. the world's cultural diversity is of no significance to transnational organizations. c. the world is divided by borders and diverse cultures. d. the world is free from national boundaries and is borderless
Answer:
d. the world is free from national boundaries and is borderless
Explanation:
Globalisation is defined as the increase in connectivity between different nations as a result of increased volume of trade and culture exchange that occurs between the nations.
Such increase in inter connectivity leads to a global economy where national borders do not seem to exist.
Globalisation reduces the cumbersome process of having to pay various charges when transacting between countires
discussed why present age diseases are different from the pasr
Answer:
in the past we did not have much reshcearch to help figure out what is wrong
now we have the tech to help and we also have vacanation
Explanation:
Answer:
in the past we didn't have nuclear tech that could cause radiation and who knows what else so now we all gonna die within the next 200 years give me big brain plz i can be smart i am right now i gave clear answer then i make meme review part also nice
Explanation:
hich best explains how the law of demand affects consumers?
It helps consumers know when prices are going down.
It helps consumers know when prices are going up.
It helps consumers tell producers when prices are too high.
It helps consumers tell producers when to make new goods.
Answer:
It helps consumers tell producers when prices are too high.
Explanation:
The law of demand affirms that an increase in price results in reduced demand. It means that when prices increase, consumers will buy fewer quantities of a product or service. The law of demand shows the relationship between price and the quantity of a product consumers are willing to buy in the market.
Consumers can communicate with producers through the volume of products purchased. When the quantity purchased is low, producers will know the set prices are high.
Banks use a large percentage of their checkable deposits for the purpose of __________.
A.
paying interest
B.
giving loans
C.
employee salaries
D.
maintaining reserves
the answer is D
Answer:
B. giving loans
Explanation:
The reserve requirement system requires commercial banks to maintain a small fraction of their deposits as a reserve. Only a small percentage of the checkable deposits is required to be held in the banks as reserves. The reserves requirement fractions vary with the monetary policy in place.
The percentage of reserve requirement ranges from 3% to 10%. It would hardly get to 20%. The rest other bigger percentage ( over 80%) is available to be used to create loans.
Answer:
D.) maintaining reserves
Explanation:
got it right on the test review
the federal government has Group of answer choices separate capital and operating budgets only a capital budget an operating budget only a single budget that includes both operating expenses and capital spending
Answer:
A single budget that includes both operating expenses and capital spending.
Explanation:
A budget can be defined as a financial plan used for the estimation of revenue and expenditures of an individual, organization or government for a specified period of time, often one year. Budgets are usually compiled, analyzed and re-evaluated on periodic basis.
In the preparation of a budget, a list of each type of income and expense with respect to the budget is generally considered to be the first step. Also, the final step is making necessary adjustments to the budget by the top executive.
The federal government has a single budget that includes both operating expenses and capital spending on a cash basis.
Additionally, the benefits of having a budget is that it aids in setting goals, earmarking revenues and resources, measuring outcomes and planning against contingencies.
EEE Corp. reports the following information for the fiscal year. (in $ million) Revenue $7,015 Expenses $3,890 Beginning retained earnings $4,615 Liabilities at year-end $5,225 Contributed capital at year-end $820 Dividends $500 Effective tax rate 0% What is the total assets of EEE Corp. at the end of the fiscal year
Answer:
See below
Explanation:
First we will compute the ending retained earnings
= Beginning retained earnings $4,615 + Revenue $7,010 - Dividends $500
= $11,125
Then , the total assets of EEE corp. would be
= Capital contributed $820 + Retained earnings $11,125 + liabilities at year end $5,225
= $17,170
What would cause a shift of demand curve for snickers bars
what are business letters
Rodriguez Company pays $342,225 for real estate with land, land improvements, and a building. Land is appraised at $245,000; land improvements are appraised at $73,500; and a building is appraised at $171,500. Required: 1. Allocate the total cost among the three assets. 2. Prepare the journal entry to record the purchase.
Answer and Explanation:
a. The allocation of the total cost among the three assets is given below:
(a) (b) (a × b)
Appraise value Total appraised Total cost of Apportioned
value cost
Percentage acquisition
Land $245,000 50% $342,225 $171,112.50
Land
improvements $73,500 15% $342,225 $51,333.75
Building $171,500 35% $342,225 $119,778.75
Total $490,000
b. The journal entry to record the purchase is given below:
Land $171,112.50
Land improvements $51,333.75
Building $119,778.75
To Cash $342,225
(To record the purchase)
Here the asset is debited as it rises the assets and cash is credited as it reduced the assets
Banko Inc. manufactures sporting goods. The following information applies to a machine purchased on January 1, Year 1: Purchase price $ 71,000 Delivery cost $ 3,000 Installation charge $ 2,000 Estimated life 5 years Estimated units 146,000 Salvage estimate $ 3,000 During Year 1, the machine produced 42,000 units and during Year 2, it produced 44,000 units. Required Determine the amount of depreciation expense for Year 1 and Year 2 using each of the following methods:
Answer: See Explanation
Explanation:
You didn't give the methods to use but let me use 2 main methods.
First, let's use the Straight line Depreciation. This will be:
= ($71000 + $3000 + $2000 - $3000) / 5
= $73000/5
= $14600
Year 1 Depreciation = $14600
Year 2 depreciation = $14600
Secondly, let's use the double declining method of Depreciation will be:
= 1/5 × 2
= 0.2 × 2
= 0.4
= 40%
Year 1 depreciation will be:
= 76000 × 40%
= 76000 × 0.4
= $30400
Year 2 Depreciation will be:
= ($76000 - $30400) × 40%
= $45600 × 40/100
= $45600 × 0.4
= $18240
Please help ASAP!
Lisa is thinking about a career in Hospitality and Tourism. She has always wanted to run a small bed and breakfast. What area might have just the right economy for Lisa?
A. a concentrated manufacturing district
B. a farming community with chicken houses everywhere
C. a small town close to the beach
D. a cold, icy community in a rural area
Answer:
C
Explanation:
Answer:
C. a small town close to the beach
Explanation:
A foundry is developing a long-range strategic plan for buying scrap metal for its operations. The foundrycan buy scrap metal in unlimited quantity from two sources: Atlanta and Birmingham, and it receives thescrap daily by railroad cars.The scrap is melted down, and lead and copper are extracted. Each railroad car from Atlanta yields 1 ton ofcopper and 1 ton of lead, and costs $10,000. Each railroad car from Birmingham yields 1 ton of copper and2 tons of lead, and costs $15,000. The foundry needs at least 4 tons of lead and at least 2.5 tons of copperper day for the foreseeable future.1. In order to minimize the long-range scrap metal cost, how many raiload cars of scrap should bepurchased per day from each source
Answer:
The answer is below
Explanation:
Let x represent the number of railroad cars of scrap purchased per day from Atlanta and let y represent the number of railroad cars of scrap purchased per day from Birmingham.
Since Atlanta yields 1 ton of copper and 1 ton of lead while Birmingham yields 1 ton of copper and 2 tons of lead.
The foundry needs at least 2.5 tons of copper per day. Hence:
x + y ≥ 2.5 (1)
The foundry needs at least 4 tons of lead per day. Hence:
x + 2y ≥ 4 (2)
Plotting equations 1 and 2 using geogebra online graphing tool, we get the points that is the solution to the problem as:
(0, 2.5), (4, 0), (1, 1.5)
Car from Atlanta cost $10000 while car from Birmingham costs $15000. Therefore the cost equation is:
Cost = 10000x + 15000y
We are to find the minimum cost:
At (0, 2.5): Cost = 10000(0) + 15000(2.5) = $37500
At (4, 0): Cost = 10000(4) + 15000(0) = $40000
At (1, 1.5): Cost = 10000(1) + 15000(1.5) = $32500
The minimum cost is at (1, 1.5).
use a large percentage of their checkable deposits for the purpose of __________.
A.
paying interest
B.
giving loans
C.
employee salaries
D.
maintaining reserves
the answer is D
Answer:
B. giving loans
Explanation:
Banks use a large proposition of their deposits to create loans for other customers. The federal reserve requires commercial banks to hold a small percentage of deposits as reserves. The reserve requirement is one of the monetary policy tools of the Federal Reserve.
In most cases, the reserve requirement is around 10 percent or below of the total deposits. As a fraction, 10 Percent is a tenth (1/10), which is a small proportion of the total deposits. The bigger percentage, 90 percent, is used to create loans to other customers.
Northern Company has bonds with an amortized cost of $600,000. At the end of the first reporting period, the bonds had a fair value of $675,000. 2 days after the end of the first reporting period, the bonds have a fair value of $680,000 and Northern decides to sell the bonds. Northern properly classifies these bonds as trading securities. Prior to recording the sale, the journal entry to adjust the bonds to fair value includes (Select all that apply.)
Answer:
we are not given any options, so I will show you the adjusting journal entry:
Dr Investment in bonds 75,000
Cr Unrealized holding gains 75,000
Northern actually made a profit by simply holding these bonds since they appreciated from $600,000 to $675,000, but it cannot record the gains immediately until they are sold. That is why unrealized holding gains is credited.
The classic supply chain approach has been based on
forecasting which of the following parts of future
inventory using statistical trending?
Transfer
Demand
olololo
Lifecycle
Safety stock
Answer:
Demand
Explanation:
The classic supply chain approach statistics refers to data regarding past suppliers or sales through the distribution channels. A business can use this information to analyze sales trends. Once the sale trends are determined, future demand for products can be estimated. The business uses historical data from its supply chain to predict future sales and demand.
Argo, a firm organizing adventure travel, has returns that vary with the economy. Argo predicts that there is a 20% probability of a strong economy, a 50% probability of a normal economy, and a 30% probability of a weak economy. Given a strong economy, Argo expects a 35% return, given a normal economy, Argo expects a 14% return, and given a weak economy, Argo expects to lose 20%. What is the expected return for Argo
Answer: 8%
Explanation:
The expected return is a weighted average of the returns given the probability of certain states of the economy:
= (Prob. of boom * return if boom) + (Prob. of normal * return if normal) + (Prob. of weak * return if weak)
= (20% * 35%) + (50% * 14%) + (30% * -20%)
= 0.07 + 0.07 - 0.06
= 8%
Answer:
it is 8% my dear friend
Explanation:
What was the opportunity cost in a situation in which you use your available cash to buy gas for your car and then stay hungry the rest of the way home?
Answer:
see below
Explanation:
Opportunity cost is the sacrificed benefit by choosing a preferred option over others. The value of opportunity cost is the foregone benefit from the best alternative.
In this situation, the person had to choose between buying gas for the car or using that money to purchase food. Since the person opted to buy gas, they sacrificed having a meal for the rest of the day. The pleasure derived from eating is the opportunity cost for this person.
One of the keys to successful production planning is resource management. _____ is a system that would note how a possible strike in an Evanston, Indiana, plant will threaten supplies of a needed component part as well as how customer growing preference for time-saving devices such as the company markets and use this information in production planning.
a) Enterprise resource planning (ERP)
b) Manufacturing resource planning II (MRPII)
c) The PERT chart
d) Manufacturing resource planning (MRP)
e) Computer-aided resource planning (CARP)
Answer:
a) Enterprise resource planning (ERP)
hopethis helps!
A company purchased $10,500 of merchandise on June 15 with terms of 2/10, n/45, and FOB shipping point. The freight charge, $750, was added to the invoice amount. On June 20, it returned $1,200 of that merchandise. On June 24, it paid the balance owed for the merchandise taking any discount it is entitled to. The cash paid on June 24 equals:
,Answer:
$9,825
Explanation:
Merchandise Costs must include all costs related to acquisition of merchandise such as freight charges for valuation purposes - IAS 2.
Therefore Cost of Merchandise Purchased was, $10,500 + $750 = $11,250
Merchandise Purchase - June 15 :
Debit : Merchandise $11,250
Credit ; Discount Received (2% x $11,250) $225
Credit : Account Payable (98 % x $11,250) $11,025
Return of Merchandise - June 20 :
Debit : Accounts Payable $1,200
Credit : Merchandise $1,200
Amount to be Paid - June 24 :
Debit : Accounts Payable ($11,025 - $1,200) $9,825
Credit : Cash $9,825
The Canon Corporation sells ten copiers to the Title Company on October 15 for $40,000. Canon delivers the copiers to Title on October 20 and Title pays $16,000, agreeing to pay the balance on November 10. Under the cash basis, how much revenue should Canon recognize in October
Answer:
$16,000
Explanation:
Under the cash basis, the revenue is recognized when the cash is received and the expenses is recognized when the cash is paid
So according to the question since the $16,000 is paid so the revenue that should be recognized in the October month is $16,000
Therefore the same would be considered
An investment offers $6,260 per year for 17 years, with the first payment occurring 11 years from now. If the required return is 3 percent, what is the value of the investment? (HINT: Remember that when you calculate the PV of the annuity, the claculator gives you the present value of the annuity 1 period before the annuity starts. So if the annuity starts in year 7, that calculator will to give you the persent value of annuity in year 6. Now you have to bring this number to period 0 by inputting: N=6 (1 period before the annuity starts, in your case it would be a different number depending when your annuity starts) R=3 FV=Present value of annuity you found in step 1. And you solve for PV)
Answer: $61,328.15
Explanation:
The amount paid is per year so this is an annuity. It will begin 11 years from now so one should find the present value in that year:
Present Value of annuity = Annuity * ( 1 - ( 1 + rate) ^ - no. of periods) / rate
= 6,260 * ( 1 - ( 1 + 3%) ⁻¹⁷) / 3%
= $82,419.90
That is the present value if the annuity starts 11 years from now which means that it is the present value 10 years from now (ordinary annuities are paid end of period).
You need to discount to current period:
= 82,419.90 / ( 1 + 3%)¹⁰
= $61,328.15
Division of work means that similar activities in an organization should be grouped together under one manager.
Answer:
True.
Explanation:
Division of work is the act of "dividing the work equally among a group of people."