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President VP Production VP Marketing Production Foreman Sales Financial Inventory Management Manager Manager Product Sales Cash Inventory Warehouse Assembly Receipts Cost Accounting Credit Accounts Purchasing Approval Receivable Inventory Control Customer Cash Timekeeping Disbursements Billing Payroll Processing Accounts Payable

President VP Production VP Marketing Production Foreman Sales Financial Inventory Management Manager Manager Product Sales Cash Inventory Warehouse Assembly Receipts Cost Accounting Credit Accounts Purchasing Approval Receivable Inventory Control Customer Cash Timekeeping Disbursements Billing Payroll Processing Accounts Payable

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question

FUNCTIONAL SEGMENTATION
The current organizational structure of Blue Sky Company, a
manufacturer of small sailboats, is presented here.
Required

a. What operational problems (e.g., inefficiency, errors, or fraud)
do you think Blue Sky could experience because of this structure?
b. Draw a new diagram reflecting an improved structure that solves
the problems you identified. If necessary, you may add up to two
new positions.

President VP Production VP Marketing Production Foreman Sales Financial Inventory Management Manager Manager Product Sales Cash Inventory Warehouse Assembly Receipts Cost Accounting Credit Accounts Purchasing Approval Receivable Inventory Control Customer Cash Timekeeping Disbursements Billing Payroll Processing Accounts Payable
Transcribed Image Text:President VP Production VP Marketing Production Foreman Sales Financial Inventory Management Manager Manager Product Sales Cash Inventory Warehouse Assembly Receipts Cost Accounting Credit Accounts Purchasing Approval Receivable Inventory Control Customer Cash Timekeeping Disbursements Billing Payroll Processing Accounts Payable
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