Answer: No. The machine shouldn't be replaced.
Explanation:
Proposal to Replace Equipment
Annual Variable Costs - Present Equipment = $4000
Less: Annual Variable Costs - New Equipment = $1500
Annual Differential Decrease in Cost = $2500
Number of Years Applicable = 5
Total Differential Decrease in Cost = $2500 × 5 = $12500
Proceeds from Sales of Present Equipment = $2000
Cost of New Equipment = $8000
Annual Net Differential Increase in Cost - New Equipment = $18000 - $2000 = $16000
The machine shouldn't be replaced as the total differential decrease in cost is less than the annual net differential increase in cost of the new equipment.
The projected benefit obligation was $280 million at the beginning of the year and $300 million at the end of the year. Service cost for the year was $18 million. At the end of the year, there were no pension-related other comprehensive income accounts. The actuary’s discount rate was 5%. What was the amount of the retiree benefits paid by the trustee?
Answer:
$12 million
Explanation:
Calculation to determine the amount of the retiree benefits paid by the trustee
Beg PBO $280 million
Less En PBO ($300 million)
Add Service cost $18 million
Add Interest cost $14 million
(280million*5%)
Retiree benefits Paid by trustee $12 million
Therefore the amount of the retiree benefits paid by the trustee is $12 million
The budget director for Kanosh Cleaning Services prepared the following list of expected selling and administrative expenses. All expenses requiring cash payments are paid for in the month incurred except salary expense and insurance. Salary is paid in the month following the month in which it is incurred. The insurance premium for six months is paid on October 1. October is the first month of operations; accordingly, there are no beginning account balances.
October November December
Budgeted S&A Expenses
Equipment lease expense $5,800 $5,800 $5,800
Salary expense 6,700 7,200 7,600
Cleaning supplies 2,880 2,720 3,040
Insurance expense 1,800 1,800 1,800
Depreciation on computer 2,400 2,400 2,400
Rent 2,100 2,100 2,100
Miscellaneous expenses 710 710 710
Total operating expenses $22,390 $22,730 $23,450
Schedule of Cash Payments for S&A Expenses
Equipment lease expense
Prior month's salary expense 100%
Cleaning supplies
Insurance premium
Depreciation on computer
Rent
Miscellaneous expenses
Total disbursements for operating expenses $22,290 $18,030 $18,850
Required:
a. Complete the schedule of cash payments for S&A expenses by filling in the missing amounts.
b. Determine the amount of salaries payable the company will report on its pro forma balance sheet at the end of the fourth quarter.
c. Determine the amount of prepaid insurance the company will report on its pro forma balance sheet at the end of the fourth quarter.
Answer:
Explanation:
c. Determine the amount of prepaid insurance the company will report on its pro forma balance sheet at the end of the fourth quarter.
The answer is 5400 because "at the end of the 4th quarter is only consists of 3 months (oct-dec). By taking the total amount you paid for all 6 months minus what you have to pay for 3 months.
Match the items with the appropriate definitions. Items which are not definitions will be used.
Barter Double coincidence of wants Money
Answer Bank
paper bills and coins
a situation where two individuals each want some good or service that the other can provide
trading one good for another without the use of money
whatever serves society in three functions: medium of exchange, store of value, and unit of account
an event that occurs in conjunction with an unrelated event
a situation in which money is used to facilitate economic transactions
Answer:
Double coincidence of wants - a situation where two individuals each want some good or service that the other can provide
Double coincidence of wants occurs when in a transaction between two or more individuals, each want to obtain the good or service that the other is offering.
Barter - trading one good for another without the use of money
In barter, people trade a good or service for another good or service, without the use of money as medium of exchange. An example of barter is trading a cow for a sheep.
Money - whatever serves society in three functions: medium of exchange, store of value, and unit of account
Money is any good that serves the three purposes of money, store of value to serve as a medium to save or to accumulate wealth, medium of exchange to trade goods and services, and unit of account to measure the value of goods and services under a common guide.
Kuzio Corporation produces and sells a single product. Data concerning that product appear below: Per Unit Percent of Sales Selling price $ 150 100 % Variable expenses 60 40 % Contribution margin $ 90 60 % The company is currently selling 7,000 units per month. Fixed expenses are $214,000 per month. The marketing manager believes that a $7,500 increase in the monthly advertising budget would result in a 190 unit increase in monthly sales. What should be the overall effect on the company's monthly net operating income of this change? rev: 03_09_2018_
Answer:
Effect on income= $9,600 increase
Explanation:
Giving the following formula:
Unitary contribution margin= $90
The marketing manager believes that a $7,500 increase in the monthly advertising budget would result in a 190 unit increase in monthly sales.
To calculate the effect on income, we need to use the following formula:
Effect on income= increase in total contribution margin - increase in fixed costs
Effect on income= 190*90 - 7,500
Effect on income= 17,100 - 7,500
Effect on income= $9,600 increase
Tucan Company manufactures a product requiring 0.5 ounces of platinum per unit. The cost of platinum is approximately $300 per ounce; the company maintains an ending platinum inventory equal to 10% of the following month's production usage. The following data were taken from the most recent quarterly production budget:
July August September
Planned production in units 1,000 11,00 980
The cost of platinum to be purchased to support August production is:_______
Answer:
$163,200
Explanation:
Tucan Company
Purchase Budget for the Month of August
Production Requirement ( 11,00 x 0.5 ) 550
Add Closing inventory ( 980 x 0.5 x 10%) 49
Total 599
Less Opening Inventory ( 11,00 x 0.5 x 10%) (55)
Materials Required 544
Cost $300
Total Cost $163,200
Jeremy Ortiz is an employee of Insulor Flooring, where his job responsibilities include selling service contracts to customers. Jeremy is single with two withholding allowances. He receives an annual salary of $36,000 and receives a 3 percent commission on all sales. During the semimonthly pay period ending September 29, 20XX, Jeremy sold $20,000 of service contracts.
Required:
Complete the payroll register for the September 29 pay period.
Answer:
Pay recorded for September 29 is $2,100
Explanation:
Jeremy Ortiz is paid based on two sources of income. The first being the annual salary of $36,000 and the second is the commission on all the service contracts sold, which is 3%.
Since the pay period is of semimonthly (15 days), the annual salary would be divided by 24 instead of the regular 12 months. This would mean that salary of $1,500 ($36,000 / 24) would be recorded in the payroll register.
For the commission, the sales done during this semimonthly period was $20,000 of service contracts. The commission at 3% of all sales would be $600 ($20,000 x 3%).
Total pay recorded in the payroll register for the September 29 period would be $2,100 ($1,500 + $600).
Martha is looking into investing a portion of her recent bonus into the stock market. While researching different companies, she discovers the following standard deviations of one year of daily stock closing prices. Handy Prosthetics: Standard deviation of stock prices =$1.05 El Lobo Malo Incorporated: Standard deviation of stock prices =$9.82 Based on the data and assuming these trends continue, which company would give Martha a stable long-term investment?
Answer:
Martha
Based on the data and assuming these trends continue,
Investment in Handy Prosthetics is preferred as it would give Martha a stable long-term investment.
Explanation:
a) Data:
Handy El Lobo Malo
Prosthetics Incorporated
Standard deviation of stock prices = $1.05 $9.82
b) The above standard deviations measure the spread of the stock prices over their daily stock closing prices in one year. The Handy Prosthetics' stock does not fluctuate as much as the El Lobo Malo's stock. This reduced fluctuation in prices makes it a more stable investment than El Lobo Malo's stock. Therefore, Martha should prefer the Handy's stock to the El Lobo Malo's stock.
Problem 2-15 (Algorithmic) Life Insurance (LO 2.8) Sharon transfers to Russ a life insurance policy with a cash surrender value of $24,800 and a face value of $74,400 in exchange for real estate. Russ continues to pay the premiums on the policy until Sharon dies 7 years later. At that time, Russ has paid $11,160 in premiums, and he collects the $74,400 face value. How much of the proceeds, if any, is taxable to Russ
Answer:
$38,440
Explanation:
Calculation to determine How much of the proceeds, if any, is taxable to Russ
Face value of policy $74,400
Less: Cash Surrender value ($24,800)
Less: Premium paid ($11,160)
Taxable Proceeds $38,440
Therefore the taxable Proceeds are $38,440.
King Electronics, a retailer of video equipment, sold two VCR's to Larson, a psychologist, for her personal use in her home. The sale to Larson was made on credit. King retained a security interest in the VCR's sold but did not file a financing statement. Mills, A creditor of Larson, subsequently filed an attachment on the VCR's. Mills has asserted that his lien on the two VCR's is superior to King's security interest because King failed to perfect his security interest. Decide.
Answer:
Mill's lien will prevail.
Explanation:
Generally speaking, King's security interest prevails over other the interests of unsecured creditors including credit card companies, etc. Bu tin this case, Mills had obtained a lien that was registered prior to King's security interest, therefore, a court would decide based on chronological order.
Product A consists of two units of Subassembly B, two units of C, and one unit of D. B is composed of four units of E and two units of F. C is made of two units of H and three units of D. H is made of five units of E and two units of G. To produce 100 units of A, determine the numbers of units of B, C, D, E, F, G, and H required using the low-level coded product structure tree.
Level 0 100 units of A
Level 1 units of B
units of C
Level 2 units of F
units of H
units of D
Level 3 units of E
units of G
Answer:
[tex]B = 200\ units[/tex] [tex]C = 200\ units[/tex]
[tex]F = 400\ units[/tex] [tex]H = 400\ units[/tex]
[tex]D = 700\ units[/tex] [tex]E = 2800\ units[/tex]
[tex]G = 800\ units[/tex]
Explanation:
Given
[tex]A = 100\ units[/tex]
See attachment for right presentation of question
Solving (a): The low level coded product structure tree
This is plotted by considering the hierarchy or level of each product item and their corresponding units.
See attachment (2)
Solving (b): The number of units of each.
To do this, we multiply the units of the given product by the number of unit the fall under.
So, we have:
Products B and C are directly under A, so we multiply their units by units of A.
[tex]B = 2 * A = 2 * 100[/tex]
[tex]B = 200\ units[/tex]
[tex]C = 2 * A = 2 * 100[/tex]
[tex]C = 200\ units[/tex]
Product F is directly under B, so we multiply its units by units of B.
[tex]F = 2 * B = 2 * 200[/tex]
[tex]F = 400\ units[/tex]
Product H is directly under C, so
[tex]H = 2 * C = 2 * 200[/tex]
[tex]H = 400\ units[/tex]
Product D has of 3 units of C and 1 unit of A. So:
[tex]D = 3 * C + 1 * A[/tex]
[tex]D = 3 * 200 + 1 * 100[/tex]
[tex]D = 700\ units[/tex]
Product E has of 4 units of B and 5 units of H. So:
[tex]E = 4 * B + 5 * H[/tex]
[tex]E = 4 *200 + 5 * 400[/tex]
[tex]E = 2800\ units[/tex]
Product G has 2 units of H.
So:
[tex]G = 2 * H = 2 * 400[/tex]
[tex]G = 800\ units[/tex]
Prepare general journal entries to record the following transactions.Omit explanations.
Jan.
3 Paid office rent, $1,600.
4 Bought a truck costing $50,000, making a down of $7,000
6 Paid wages, $3,000.
7 Received $1 6,000 cash from customers for services performed.
10 Paid $4,100 owed on last month's bills.
12 Billed credit customers, $5,300
17 Received $1 ,800 from credit customers.
19 Taylor Gordon, the owner, withdrew $1,700.
23 Paid $700 on amount owed for truck
29 Received bill for utilities expense, $255.
Answer:
Jan 3
Debit : Rent $1,600
Credit : Cash $1,600
Explanation:
if there is no immediate payment of cash raise a liability - accounts payable
Which of the following show negative cash flow?
Answer:
where are the answer choices
Parker Company pays each member of its sales staff a salary as well as a commission on
each unit sold. For the coming year, Parker plans to increase all salaries by 5% and to keep
unchanged the commission paid on each unit sold. Because of increased demand, Parker
expects the volume of sales to increase by 10%. How will the total cost of sales salaries and
commissions change for the coming year?
A. Increase by 5% or less.
B. Increase by more than 5% but less than 10%.
Answer: B is correct
Explanation:
Sales salaries will increase by exactly 5%. The per-unit commission amount will remain constant, but sales commissions in total are expected to increase by 10%. Thus, total sales salaries and commissions will increase somewhere between 5% and 10%.
In the Assembly Department of Hannon Company, budgeted and actual manufacturing overhead costs for the month of April 2020 were as follows. Budget Actual Indirect materials $15,700 $14,800 Indirect labor 21,300 22,100 Utilities 11,100 11,900 Supervision 5,100 5,100 All costs are controllable by the department manager. Prepare a responsibility report for April for the cost center.
Answer:
Indirect materials $900 Favorable
Indirect labor $800 Unfavorable
Utilities $800 Unfavorable
Supervision $0 Neither Favorable Non Unfavorable
Total $700 Unfavorable
Explanation:
Preparation of a responsibility report for April for the cost center.
HANNON COMPANY Assembly Department Manufacturing Overhead Cost Responsibility Report For the Month Ended April 30, 2020
Controllable cost Budget Actual
Indirect materials $15,700- $14,800 =$900 Favorable
Indirect labor 21,300- 22,100 =$800 Unfavorable
Utilities 11,100- 11,900=$800 Unfavorable
Supervision 5,100- 5,100= $0 Neither Favorable Non Unfavorable
Total $53,200-$53,900=$700 Unfavorable
Therefore The responsibility report for April for the cost center will be :
Indirect materials $900 Favorable
Indirect labor $800 Unfavorable
Utilities $800 Unfavorable
Supervision Neither Favorable Non Unfavorable
Total $700 Unfavorable
Assume the following information for Windsor Corp.
Accounts receivable (beginning balance) $139,000
Allowance for doubtful accounts (beginning balance) 11,450
Net credit sales 940,000
Collections 917,000
Write-offs of accounts receivable 5,600
Collections of accounts previously written off 1,600
Uncollectible accounts are expected to be 9% of the ending balance in accounts receivable.
Required:
Prepare the entries to record sales and collections during the period.
Answer:
To record the Sales
Dr. Account Receivables 940,000
Cr. Sales 940,000
To record the Collection
Dr. Cash 917,000
Cr. Account Receivables 917,000
Explanation:
To record the sales we need to debit the account receivables as the sales are made on credit and credit the sale to record the sale.
To record the Collection from the customers we need to debit the cash account to record the receipt of cash ab credit the account receivables to decrease the value of account receivables by the amount of collection.
General Motors Corporation reported the following information in its 10-K report:
Inventories at December 31 ($ millions) 2008 2007
Productive material, work in process, and supplies $4,849 $6,267
Finished product, service parts, etc. 9,426 10,095
Total inventories at FIFO 14,275 16,362
Less LIFO allowance (1,233) (1,423)
Total automotive and other inventories, less allowances $13,042 $14,939
The company reports its inventory using the LIFO costing method during 2007 and 2008.
Required:
a. At what dollar amount are inventories reported on its 2008 balance sheet?
b. At what dollar amount would inventories have been reported in 2008 if FIFO inventory costing had been used?
Answer:
General Motors Corporation
a) Inventories are reported on its 2008 balance sheet at $13,042.
b) Inventories would have been reported on its 2008 balance sheet at $14,275 if FIFO inventory costing had been used.
Explanation:
a) Data and Analysis:
Inventories at December 31 ($ millions) 2008 2007
Productive material, work in process, and supplies $4,849 $6,267
Finished product, service parts, etc. 9,426 10,095
Total inventories at FIFO 14,275 16,362
Less LIFO allowance (1,233) (1,423)
Total automotive and other inventories, less allowances $13,042 $14,939
b) LIFO = Last-in, First-out. This inventory method assumes that items that were brought into the store last were the first to be sold. This presupposes that the cost of goods sold will be determined by the most recent items, while the ending inventory will be determined by the latter items.
c) FIFO = First-in, First-out: This is the opposite of LIFO. The inventory method assumes that items that were bought first would be the first to be sold. This method presupposes that the cost of goods sold will be determined by the first items in store, while the ending inventory will be determined by the cost of the most items.
The Chilton Corporation specializes in manufacturing one type of desk lamp. Chilton allocates variable manufacturing overhead costs on the basis of machine hours. Chilton budgeted 0.3 machine hours per lamp and allocates overhead at a rate of $1.90 per machine hour. Last year Chilton manufactured 19,000 lamps, used 7,600 machine hours and incurred actual overhead costs of $12,920. What was Chilton's variable manufacturing overhead efficiency variance last year?
A. $9,660 favorable
B. $4,140 unfavorable
C. $4,140 favorable
D. $9,660 unfavorable
Answer:
See below
Explanation:
Given the above information, we can compute variable manufacturing overhead efficiency variance to be;
= (SA - AQ) × SR
Where
Standard quantity = SQ = 19,000
Actual Quantity = AQ = 7,600
Standard Rate = SR = $1.9
Variable manufacturing overhead efficiency variance
= [(19,000 × 0.3) - 7,600] × $1.9
= (5,700 - 7,600) × $1.9
= $3,610 U
Viola has to relocate for her job. She finds a townhome with an option to rent or buy. The conditions of each are shown below. Rent: Move-in costs of $2,380 and.monthly payment of $845. Buy: Move-in costs of $5,260 and monthly payment of $785. Viola moves frequently due to her job, but she thinks that she will stay in the area for 4 years. Therefore, she decided to buy. Cho0se the best evaluation of Viola's deci a. Since the costs would be the same over the 4 year period, she will have made a good decision if the property value does not decrease. b. She made a fairly good decision. Buying the townhome will be cheaper over the 4 year period as long as she doesn't have major repairs to make. C. She made a poor decision if the property value does not increase. Renting the townhome would be cheaper over the 4 year period. d. There is not enough information given to determine which option is best.
Answer: C
Explanation: i took a test on k12 with the same answer
Answer:
A
Explanation:
Since the costs would be the same over the 4 year period, she will have made a good decision if the property value does not decrease.
Transactions for Buyer and Seller Ellis Co. sold merchandise to Chang Co. on account, $147,800, terms FOB shipping point, 2/10, n/30. The cost of the merchandise sold is $88,680. Ellis Co. paid freight of $2,500. Assume that all discounts are taken. Journalize Ellis Co.'s entries for the (a) sale, (b) purchase, and (c) payment of amount due. If an amount box does not require an entry, leave it blank.
Answer:
Transaction a
Debit :
Credit :
Transaction b
Debit :
Credit :
Transaction c
Debit :
Credit :
Explanation:
Evan phoned his representative when he received his most recent statement on his deferred annuity. Evan is 65 and purchased the fixed annuity seven years ago to be a conservative part of his portfolio. Evan has read and heard a lot about how the market is beginning to take off and that variable annuities have considerable growth potential. He wants to get out of the fixed annuity and purchase a variable annuity to earn a higher return. The representative should:
Answer: Review Evan's investor profile factors and other facts to determine a suitable course of action to address his concerns and needs
Explanation:
The options include:
A. Recommend that Evan consider an exchange into a variable life insurance policy because it has growth potential with a death benefit.
B. Recommend that Evan surrender the annuity and invest in bond mutual funds because they work similar and cost less.
C. Review Evan’s investor profile factors and other facts to determine a suitable course of action to address his concerns and needs.
D. Update his investor profile factors and risk tolerance, and discuss with Evan the long term focus of a variable annuity and how it will outperform the fixed annuity within the first couple of years.
Based on the information given in the question, the best thing that the representative should do will be to review Evan's investor profile factors and other facts to determine a suitable course of action to address his concerns and needs.
When Evan's investor profile factors is checked, then the representative can then inform Evans about the appropriate thing to do and if it's appropriate for him to purchase a variable annuity to earn a higher return.
Going ahead by getting out of the fixed annuity and purchasing a variable annuity without reviewing Evan's investor's profile isn't appropriate.
using a scale: Three boys Isaac ,Alex and Ken are standing in different parts of a field .Isaac is 100 metres north of Alex and Ken is 120 metres east of Alex .Find the compass bearing of Ken from Isaac
Answer:
156 m South East of Isaac
Explanation:
This is going to be solved by using Pythagoras theorem
We have the adjacent of the triangle as the Eastern distance between Ken and Alex, and that is 120 m. We have the opposite side to be the Northern distance between Isaac and Alex to be 100 m
If so, then we know that the hypotenuse side is the distance between Isaac and Ken. Using Pythagoras, we know that
100² + 120² = x²
x² = 10000 + 14400
x² = 24400
x =√24400
x = 156.2 m
The compass bearing of Ken, from Isaac then is,
Ken is 156.2 m South East of Isaac
Henry is a new employee who used to work for your most daunting competitor. When you
are designing an ad campaign, you interview Henry to help you draft an accurate
company.
coercive
reward
referent
information
none of the above.
Answer:
information
Explanation:
A Quality Analyst wants to construct a sample mean chart for controlling a packaging process. He knows from past experience that whenever this process is under control, package weight is normally distributed with a mean of twenty ounces and a standard deviation of two ounces. Each day last week, he randomly selected four packages and weighed each:
Day Weight (ounces)
Monday 23 22 23 24
Tuesday 23 21 19 21
Wednesday 20 19 20 21
Thursday 18 19 20 19
Friday 18 20 22 20
What are the upper and lower control limits for these data?
a. UCL = 22.644 LCL = 18.556
b. UCL = 22.700 LCL = 18.500
c. UCL = 22.755 LCL = 18.642
d. UCL = 21.814 LCL = 19.300
Answer:
a. UCL = 22.664 LCL = 18.556
Explanation:
The sample mean for the given data is :
( 23 + 20 + 19 + 20 + 21 ) / 5 = 20.6
Upper control limit is :
Sample mean + standard deviation
20.6 + 2 = 22.6
Lower Control Limit is :
Sample mean - Standard Deviation
20.6 - 2 = 18.6
Hardware is adding a new product line that will require an investment of . Managers estimate that this investment will have a 10-year life and generate net cash inflows of the first year, the second year, and each year thereafter for eight years. The investment has no residual value. Compute the payback period.
Answer: 6.17 years
Explanation:
Payback period = Period before debt is paid back + Amount left to to be paid back / Cashflow in year of payback.
Year Cash Flows Amount left to be paid back
0 (1,540,000) (1,540,000)
1 315,000 (1,225,000)
2 265,000 (960,000)
3 230,000 (730,000)
4 230,000 (500,000)
5 230,000 (270,000)
6 230,000 (40,000)
7 230,000 190,000
Year before payback = 6
Payback amount = 6 + (40,000 / 230,000)
= 6.17 years
On January 1, 2021, Rapid Airlines issued $240 million of its 8% bonds for $221 million. The bonds were priced to yield 10%. Interest is payable semiannually on June 30 and December 31. Rapid Airlines records interest at the effective rate and elected the option to report these bonds at their fair value. On December 31, 2021, the fair value of the bonds was $229 million as determined by their market value in the over-the-counter market. Rapid determined that $1,000,000 of the increase in fair value was due to a decline in general interest rates.
Required:
Prepare the journal entries to record interest on June 30, 2021 (the first interest payment), on December 31, 2021 (the second interest payment) and to adjust the bonds to their fair value for presentation in the December 31, 2021, balance sheet.
Answer:
June 30
Dr Interest expense $11,050,0000
Cr Discount on bond payable $1,450,000
Cr Cash $9,600,000
December 31, 2021
Dr Interest expense $11,122,500
Cr Discount on bond payable $1,522,500
Dr Cash $9,600,000
December 31, 2021
Dr Unrealized Holding loss -NI $1,000,000
Dr Unrealized Holding loss -OCI $9,972,500
Cr Fair value Adjustment $10,972,500
Explanation:
Preparation of the journal entries to record interest on June 30, 2021
June 30
Dr Interest expense $11,050,0000
($221 million*10%/2)
Cr Discount on bond payable $1,450,000
($11,050,000-$9,600,000)
Cr Cash $9,600,000
($240 million*8%/2)
(To record first interest payment)
Preparation of the journal entries to record interest on December 31, 2021
December 31, 2021
Dr Interest expense $11,122,500
[($221,000,000+$1,450,000)*10%/2]
Cr Discount on bond payable $1,522,500
($11,122,500-$9,600,000)
Dr Cash $9,600,000
($240 million*8%/2)
(To record second interest payment)
Preparation of the journal entry to adjust the bonds to their fair value for presentation in the December 31, 2021, balance sheet.
December 31, 2021
Dr Unrealized Holding loss -NI $1,000,000
Dr Unrealized Holding loss -OCI $9,972,500
($10,972,500-$1,000,000)
Cr Fair value Adjustment $10,972,500
($229 million-$221 million+$1,450,000+$1,522,500)
(To adjust the bonds to Fair value)
When a fast-moving consumer goods (FMCG) company faced bankruptcy, the company decided to encourage its employees to contribute their ideas toward organizational development and growth. The organization also asked its human resource team to assess the employees' levels of commitment toward organizational effectiveness. To improve the FMCG company's organizational performance, it is evident that the company most likely used _____. Group of answer choices
Answer:
Attitude surveys
Explanation:
Attitude surveys are used by employers to gauge how employees view the company and their role in it.
This type of survey exposes issues like lack of trust, low moral from employees, and dissatisfaction in the workplace.
In this instance the organization asked its human resource team to assess the employees' levels of commitment toward organizational effectiveness.
This will allow the FMCG company know how the bankruptcy challenge is being handled by the employees
A change in supply is illustrated by a movement along an existing supply curve
true or false
the correct answer is true.
Blue Point Company is formulating its marketing expense budget for the month of September. Sales in units for August amounted to 4,000; sales volume in September is expected to increase by 10%. So far for the current year, fixed marketing expense per month amounted to $5,000 of salaries and $1,500 of depreciation. Variable marketing expense amount to $.15 paid in cash in the month of sale. What is the estimated cash payment for marketing expense in the month of September
Answer:
See below
Explanation:
Computation of estimated cash payment expense is seen below
Variable expenses
Sales in unit for August 4,000
Sales in unit September 4,000 × 110% = 4,400
Total variable expense 4,400 × $0.15 = $660
Fixed expense per quarter
Salaries $5,000 × 3 = $15,000
Depreciation $1,500 × 3 = $4,500
Total = $19,500
Budget total = $20,160
Estimated cash payment = $20,160 - $4,500 = $15,660
Last summer, Maria decided to join a bowling league with some colleagues from work. They formed a team and bowled together several times to get to know one another better. The week before the league started, the team had to come up with a name. During a meeting to discuss this, Maria and her teammate Tim got into a heated debate because Maria wanted their name to be The Lucky Strikes, whereas Tim wanted the team name to be The Pin City Pimps. While yelling at each other, it became clear that Maria thought she should be the team manager because she had formed the team. Tim was just as adamant that he should be team manager because he is the more experienced bowler.
1. As Sunita and Hubert argue about the team name, what stage of development is their bowling team in?
a. Storming
b. Norming
c. Performing
d. Forming
2. If a team leader wanted to help a team such as Sunita’s get through the storming stage of team development, he or she should take which of the following actions? Check all that apply.
a. Encourage participation by all team members.
b. Help the team discourage free riding.
c. Disband the team.
d. Watch for blocking, or disruptive, behaviors and help prevent them.
Meiji Isetan Corp. of Japan has two regional divisions with headquarters in Osaka and Yokohama. Selected data on the two divisions follow: Division Osaka Yokohama Sales $ 3,000,000 $ 9,000,000 Net operating income $ 210,000 $ 720,000 Average operating assets $ 1,000,000 $ 4,000,000 Required: 1. For each division, compute the return on investment (ROI) in terms of margin and turnover. 2. Assume that the company evaluates performance using residual income and that the minimum required rate of return for any division is 15%. Compute the residual income for each division. 3. Is Yokohama’s greater amount of residual income an indication that it is better managed?
Answer:
1. Return on Investment = Sales Margin / Capital turnover
= (Net income / Sales) ÷ (Assets / Sales)
Osaka:
= (210,000 / 3,000,000) ÷ (1,000,000 / 3,000,000)
= 0.07 / 0.33
= 21%
Yokohama
= (720,000 / 9,000,000) ÷ (4,000,000 / 9,000,000)
= 0.08 / 0.44
= 18%
2. Residual income = Operating income * (Required return * Average operating assets)
Osaka = 210,000 - (15% * 1,000,000)
= $60,000
Yokohama = 720,000 - (15% * 4,000,000)
= $120,000
c. No is isn't because Residual income is not a good matric to use to compare companies or departments as it does not show the amount of assets used by the companies being compared.