Given that sales are R11 000 000 , if labour costs were 15% of
sales cost would be R1 150 000
Select one
True
False

Answers

Answer 1

The correct statement would be: if labor costs were 15% of sales, the labor cost would be r1,650,000.

false. the statement is incorrect.

if labor costs were 15% of sales, the calculation would be as follows:

labor costs = 15% of sales

labor costs = 0.15 * r11,000,000

labor costs = r1,650,000

By actively monitoring the Customer Complaints account, management can gain insights into areas of improvement, identify potential systemic issues, and take proactive steps to enhance customer experience and address any recurring problems. This helps the organization to prioritize customer satisfaction, retain existing customers, and improve overall reputation and brand loyalty.

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Related Questions

the reserve ratio is percent. what is the value of the potential money multiplier?

Answers

The reserve ratio refers to the amount of reserves that a financial institution must maintain against a given deposit amount. The money multiplier, on the other hand, refers to the expansion of the money supply through the lending process.

In order to calculate the potential money multiplier, the following formula is used: Potential Money Multiplier = 1 / Reserve Ratio So, if the reserve ratio is 10%, the potential money multiplier can be calculated as follows: Potential Money Multiplier = 1 / 0. 10 = 10 Therefore, if the reserve ratio is 10%, the potential money multiplier is 10. The main answer to the question is that the potential money multiplier can be calculated using the formula Potential Money Multiplier = 1 / Reserve Ratio.

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The following standard costs per unit, of one product, have been taken from the records of Bahrain Company: Direct materials 5 kgs at $3 per kg Direct labor 2.5 hours at $10 per hour Actual data for last month: Units produced: 12,000 Direct labor hours: 22,000 Direct labor rate per hour: $9 Direct materials used: 35,000 kgs Direct material price: $4 per kg Required: Direct materials purchased: 100,000 kgs (a) Compute the price and efficiency variances for direct materials and direct labor. Direct material price variance to be calculated at the time of purchase. (5 marks) (b) Prepare the journal entries to record the price and efficiency variances for direct materials and direct labor. (5 marks) Use the editor to format your answer Contin Deta

Answers

(a) Calculation of price and efficiency variances:

1. Direct Materials:

Standard quantity of materials = 5 kgs per unit

Standard price per kg = $3

Actual quantity of materials used = 35,000 kgs

Actual price per kg = $4

Price variance = (Actual Price - Standard Price) * Actual Quantity

Price variance = ($4 - $3) * 35,000 kgs

Price variance = $35,000

Efficiency variance = (Standard Quantity - Actual Quantity) * Standard Price

Efficiency variance = (5 kgs - 35,000 kgs) * $3

Efficiency variance = -$104,985 (Negative because actual quantity used exceeds the standard quantity)

2. Direct Labor:

Standard hours per unit = 2.5 hours

Standard rate per hour = $10

Actual hours worked = 22,000 hours

Actual rate per hour = $9

Price variance = (Actual Rate - Standard Rate) * Actual Hours

Price variance = ($9 - $10) * 22,000 hours

Price variance = -$22,000 (Negative because actual rate is lower than the standard rate)

Efficiency variance = (Standard Hours - Actual Hours) * Standard Rate

Efficiency variance = (2.5 hours - 22,000 hours) * $10

Efficiency variance = $197,500

(b) Journal entries to record the price and efficiency variances:

To record the direct materials price variance:

Debit: Direct Materials Price Variance ($35,000)

Credit: Materials Inventory ($35,000)

To record the direct materials efficiency variance:

Debit: Materials Inventory ($104,985)

Credit: Direct Materials Efficiency Variance ($104,985)

To record the direct labor price variance:

Debit: Direct Labor Price Variance ($22,000)

Credit: Labor Expense ($22,000)

To record the direct labor efficiency variance:

Debit: Labor Expense ($197,500)

Credit: Direct Labor Efficiency Variance ($197,500)

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There is a rush of people who put in additional money into demand deposits at a local community bank. All else remaining equal, which of the following is NOT a corresponding change that could occur to keep the bank's balance sheet in balance? O Increase in reserves and cash equivalents Decrease in stock-holder equity Increase in stock-holder equity Increase in loans given out by the bank

Answers

The change that would NOT correspond to keeping the bank's balance sheet in balance when there is a rush of people putting additional money into demand deposits at a local community bank is an increase in stockholder equity.

When individuals deposit additional money into demand deposits at a bank, it increases the bank's liabilities because it owes the depositors their money on demand. To keep the bank's balance sheet in balance, there needs to be a corresponding increase in assets. Let's analyze each option to determine which one does not align with maintaining balance:

Increase in reserves and cash equivalents:

When there is an influx of deposits, the bank can increase its reserves and cash equivalents, such as holding more cash on hand or depositing excess funds with the central bank. This change helps to maintain balance between liabilities and assets.

Decrease in stockholder equity:

A decrease in stockholder equity would not be a corresponding change to keep the balance sheet in balance. Stockholder equity represents the ownership interest of the shareholders in the bank and is part of the bank's capital. It does not directly affect the balance between assets and liabilities.

Increase in stockholder equity:

An increase in stockholder equity would also not be a corresponding change to maintain balance. Since stockholder equity is part of the bank's capital, it does not directly impact the balance between assets and liabilities.

Increase in loans given out by the bank:

When there is an influx of deposits, the bank can use the additional funds to extend more loans. This increases the bank's assets, specifically loans receivable, to maintain balance with the increased liabilities.

Out of the given options, the change that would NOT correspond to keeping the bank's balance sheet in balance when there is a rush of people putting additional money into demand deposits is an increase in stockholder equity. Stockholder equity is not directly linked to maintaining the balance between assets and liabilities. Instead, changes in reserves and cash equivalents, loans given out by the bank, or other asset categories would be more relevant to keep the balance sheet in balance.

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Suppose you have $3,000 In your bank account today. You plan to
deposit st. 500 in year 1. $500 in year 2, and $1,200 in
Year 4 , If the bank pays you, annual interest, how much money you
are going t

Answers

The amount of money you are going to have in the bank after the given time period can be determined using compound interest. Therefore, the calculation of the amount of money in the bank is as follows;

First, the amount of money deposited in year 1 = $500The amount of money deposited in year 2 = $500The amount of money deposited in year 4 = $1,200

Total amount deposited after four years = $500 + $500 + $1,200 = $2,200

Also, given that the interest rate is compounded annually and the annual interest rate is 6%, then the future value of the $2,200 after 4 years is given by the formula:

FV = PV(1+r)^t

where FV is the future valuePV is the present value of the amount being depositedr is the annual interest ratet is the number of years

Then, FV = $2,200(1+0.06)^4 = $2,862.08

Therefore, you are going to have $2,862.08 in your bank account after the given time period if the annual interest rate is 6% and you deposit the given amount of money each year.

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Identify two companies working in the same sector (hotels, restaurants, and post-secondary institutions are good choices), one using a low-cost provider strategy and one using a differentiation strategy. Research these two companies’ mission, vision, and value statements.

Answers

When it comes to business strategy, a low-cost provider strategy and a differentiation strategy are two popular alternatives. The low-cost provider strategy aims to achieve a competitive advantage by offering goods or services at a lower price than rivals.

In comparison, a differentiation strategy seeks to stand out from competitors by offering a product or service that is perceived as unique or distinct in some way. Two companies operating in the same industry (hotels, restaurants, and post-secondary institutions are excellent choices) are needed to identify one utilizing a low-cost provider strategy, and the other employing a differentiation strategy. Let's consider McDonald's and The Ritz-Carlton as an example.

McDonald's is a well-known global brand with a low-cost provider strategy. McDonald's is known for its affordability, with most of its items priced lower than competitors in the fast-food industry. McDonald's is a fast-food restaurant chain that is primarily known for its burgers, fries, and shakes. The company aims to provide quick, convenient, and high-quality meals to its customers at a reasonable price. McDonald's mission statement is "To make delicious, feel-good moments easy for everyone.

"The Ritz-Carlton is a luxury hotel brand that is well-known for its exceptional customer service. The Ritz-Carlton focuses on providing high-end amenities and services to its customers, which distinguishes it from other hotels in the industry. The company aims to provide exceptional customer service and a luxury experience to its guests. The Ritz-Carlton mission statement is "We are Ladies and Gentlemen serving Ladies and Gentlemen."

Both companies have distinct strategies and target audiences, as well as mission and vision statements that reflect their unique goals.

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In 2016, Maddi Ltd had 8,200 units of sales. All of the manufacturing costs were variable and totalled $70,000 during the year. As well as producing the units, Maddi Ltd also had a shop in which it sold their units. The costs associated with the shop were $94,000 of variable and $86,400 of fixed. Total sales were $262,400. The break even in revenue (expressed in dollars) in 2016 was: a. $117,856 O d. $7,200 e. Unable to be calculated with the provided information. Ob. $3,683 c. $230,400

Answers

To calculate the break-even point, we need to determine the total costs and the contribution margin.

Total costs include both the manufacturing costs and the shop costs:

Variable Manufacturing costs: $70,000 (variable)+$94,000 (variable)

[tex]$70000+$94000\\=$164000[/tex]

Sales per Unit = $262400/8200 units

                        = $32

Variable Cost per unit

[tex]$164000/8200 \\= $20\\[/tex]

Fixed cost= $86,400

The contribution margin is calculated by subtracting the total costs from the total sales:

Contribution margin =  sales -  Variable cost

[tex]Contribution margin = $32 - $20 \\ = $12[/tex]

Now, we can calculate the break-even point by dividing the fixed costs by the contribution margin:

Break-even point = Fixed costs / Contribution margin

Break-even point = $86400 / $12 ≈ $7200

Since the break-even point represents the revenue needed to cover all costs, the break-even in revenue is approximately $7200.

Therefore, the correct option d. Unable to be calculated with the provided information.

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230 PARTM The Core of Macroeconomic Theory AS (Long run) AS (Short run Price level, AD By using aggregate supply and demand curves and other useful graphs, illustrate the following: a. Those pushing the Fed to act were right, and prices start to rise more rapidly in 2000. The Fed acts belatedly to slow money growth (contract the money supply), driv ing up interest rates and pushing the economy back to potential GDP b. The worldwide glut gets worse, and the result is a falling price level (deflation) in the United States despite expand ing aggregate demand. 5.4 Using AS and AD curves to illustrate, describe the effects of the following events on the price level and on equilib rium GDP in the long run assuming that input prices fully adjust to output prices after some lag: a. An increase occurs in the money supply above potential GDP b. GDP is above potential GDP, and a decrease in govern- ment spending and in the money supply occurs c. Starting with the economy at potential GDP, a war in the Middle East pushes up energy prices temporarily. The Fed expands the money supply to accommodate the inflation.

Answers

In the long run, the AS curve will shift back to its initial position, decreasing the price level while returning output to its initial level.

a. Those pushing the Fed to act were right, and prices start to rise more rapidly in 2000. The Fed acts belatedly to slow money growth (contract the money supply), driving up interest rates and pushing the economy back to potential GDP:AS in the short run will have a positive slope due to the existence of nominal wage rigidity, while AS in the long run will be vertical since output prices will increase to adjust to any changes in input prices.

AD will shift to the right, increasing the price level and equilibrium output in the short term, as well as long-term output. If the Fed slows down money growth, the AD curve shifts back to its original position, the economy will return to its potential GDP in the short term, and the price level will remain the same.

Since output prices will fully adjust to input prices, output will return to its original level in the long run. b. The worldwide glut gets worse, and the result is a falling price level (deflation) in the United States despite expanding aggregate demand :When there is an increase in the money supply above potential GDP, the AD curve shifts rightward, raising both equilibrium output and the price level in the short run.

Since prices will rise to adjust to any increases in input prices, the AS curve will shift up in the long run, raising the price level and reducing output to the initial level .c. Starting with the economy at potential GDP, a war in the Middle East pushes up energy prices temporarily.

The Fed expands the money supply to accommodate the inflation: If GDP is above potential GDP and government spending and the money supply are decreased, the AD curve will shift leftward, decreasing both equilibrium output and the price level in the short term. Output prices will drop, leading the AS curve to shift down in the long run, reducing the price level and returning output to its original level.

In the short term, an increase in energy prices raises the AS curve, increasing the price level and reducing equilibrium output. The AD curve will shift rightward if the Fed increases the money supply to adjust for inflation, resulting in a temporary increase in both equilibrium output and the price level in the short run.

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On October 1, Tile Co., a U.S. company, purchased products from Azulejo, a Portuguese company, with payment due on December 1. If Tile’s operating income included no foreign exchange gain or loss, the transaction could have:
A. Resulted in an unusual gain.
B. Generated a foreign exchange loss to be reported as a separate component of stockholders' equity.
C. Been denominated in U.S. dollars.
D. Generated a foreign exchange gain to be reported in accumulated other comprehensive income on the balance sheet.

Answers

On October 1, Tile Co., a US company, purchased products from Azulejo, a Portuguese company, with payment due on December 1. If Tile's operating income included no foreign exchange gain or loss, the transaction could have C)been denominated in US dollars.

The currency in which the transaction has been settled determines the value of the transaction as per the company's accounting. The company can face a foreign exchange loss or gain if the currency fluctuates after the transaction.

Tile Co., a US company, purchasing products from Azulejo, a Portuguese company, with payment due on December 1 has no bearing on the transaction's foreign exchange loss or gain.

It is essential to note that foreign currency transactions have an impact on a company's financial statements. Therefore, an appropriate reporting of foreign exchange gains and losses is necessary.

A foreign exchange gain or loss could occur if Tile Co., U.S. company, purchased products from Azulejo, Portuguese company, with payment due on December 1, in the following cases:If the rate of the euro rises between October 1 and December 1, Tile Co. will be subject to a foreign exchange loss due to the difference in the exchange rate at the time of purchase and the time of payment.

If the euro rate decreases between October 1 and December 1, Tile Co. will be subject to a foreign exchange gain due to the difference in the exchange rate at the time of purchase and the time of payment.

Thus, it could have generated a foreign exchange gain to be reported in accumulated other comprehensive income on the balance sheet.

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In many countries, one of the roles of the central bank is to provide loans to distressed financial institutions. In economics, the term for this is:

a. bailout bank

b. lender of last resort

c. source of ultimate credit

d. provider of fiduciary insurance

e. liquidity resource

Another potential role of central banks is to foster confidence in the banking system by making sure that people can retrieve their money even if a bank goes bankrupt. In economics, the term for this is:

a. banking promise

b. deposit insurance

c. deposit guarantee

d. financially distressed institution clause

Answers

In many countries, one of the roles of the central bank is to provide loans to distressed financial institutions. In economics, the term for this is lender of last resort. Central banks have been viewed as the ultimate source of liquidity during times of financial crisis.

By providing a lender of last resort function, the central bank can act as a lender to banks and other financial institutions that are facing liquidity problems.Another potential role of central banks is to foster confidence in the banking system by making sure that people can retrieve their money even if a bank goes bankrupt. In economics, the term for this is deposit insurance. The deposit insurance is a program that provides insurance to depositors in the event that a bank fails. This program helps to protect depositors from the loss of their deposits and promotes confidence in the banking system. Deposit insurance programs are designed to be a safety net for depositors who have entrusted their money to a bank.

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a) Over the past few years Oman has experienced central problems
of economy, list out the possible reason for the same and currently
what is the situation of Oman economy explain in detail.

Answers

Oman's economy has been facing central problems over the past few years. Among the possible reasons that may have contributed to the situation are declining oil prices, the decline of foreign investment, decreasing oil production, and population growth. Additionally, Oman’s economy is highly dependent on hydrocarbon, which accounts for nearly 70% of its GDP, with limited contributions from other sectors.

Oman’s current economic situation has been characterized by a contraction in the country's GDP growth, which has been negatively affected by declining oil production and prices. The government is currently undertaking a series of measures to promote economic growth, which includes diversification and modernization of the economy, increasing government investment in development projects, and improving the business environment to attract more foreign investors.

The government has implemented a number of economic reforms, including the introduction of value-added tax (VAT) and the reduction of subsidies on petroleum products and other utilities, which are designed to help Oman achieve its economic objectives. These measures have helped to improve the country’s fiscal position and have supported its long-term economic growth. To promote economic diversification, the government has launched several initiatives aimed at supporting small and medium-sized enterprises (SMEs), such as the SME Development Fund, which provides financing for startups and existing businesses. The government is also investing in infrastructure development, including the construction of new ports, airports, and highways, which are expected to support the growth of non-oil sectors.

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In recent years, Oman has faced several central problems in its economy. Some of the possible reasons for these challenges include Declining Oil Prices, Oil Dependency, and Fiscal Imbalances.

Oman heavily relies on oil as a major source of revenue. Fluctuations in global oil prices can significantly impact the country's economy. The decline in oil prices in recent years has put pressure on Oman's fiscal stability and economic growth.

Oman's economy has been heavily dependent on oil exports, which make up a significant portion of its revenue and GDP. This heavy reliance on oil makes the country vulnerable to oil price fluctuations and exposes it to risks associated with a single commodity-based economy.

Oman has faced fiscal imbalances due to reduced oil revenues and high government spending. The decline in oil prices has led to budget deficits and increased government debt, impacting the overall fiscal health of the country.

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Consider the following scenario: Eden Dairy, a major Australian dairy company manufactures and sells standardised breakfast yoghurts to countries all over the world. To appeal to local needs, minor changes in attributes such as sweetness and flavour are made. The main products and labels, on the other hand, are standardised. Eden Dairy first entered the Chinese market a few years ago and has been very happy with the results. In China, the company's revenues are still increasing at a rate of about 50% per year. Eden Dairy began operations in India by manufacturing and selling its goods, based on its marketing success in China and other Asian countries and market reforms that were taking place in India.

The initial response to the product was extremely positive in India, and the company was considering rapidly increasing its production capacity within a year. After a year, however, sales slowed and began to decline. The product was aimed at the upper-middle class in India, especially families with two working spouses.

According to extensive customer research, the target market experimented with flavoured breakfast yoghurt as an alternative meal (i.e. breakfast) for a short time before returning to the conventional Indian breakfast. Non-Indian snack items and the restaurant market, according to the CEOs of some other food companies in India, are the areas in which MNCs can hope for success. Attempting to replace a complete meal with a non-Indian food has a lower chance of success.

You're a senior executive in Eden Dairy's foreign division, with experience in product management in a variety of countries. The CEO intends to despatch you on a fact-finding mission to India to address these unique questions.

Question

In your response, what would your answers be to the following questions below:

A) Was it a mistake to enter the Indian market with a standardised product? (3 marks)

B) If so, was it an issue with the product or with the way it was presented? (3 marks)

C) Given the benefits of exploiting global brand equity and product awareness, as well as the drawbacks of varying local preferences, what would be your strategy be for entering new markets?

Answers

A product that is uniform and consistent in its specs, features, and quality is referred to as being standardized product. It can be mass produced and distributed widely since it is consistently produced in big quantities.

A) It was a mistake to enter the Indian market with a standardised product. As per extensive customer research, the target market experimented with flavoured breakfast yoghurt as an alternative meal (i.e. breakfast) for a short time before returning to the conventional Indian breakfast. A standardised product may have not considered the local preferences, hence sales slowing down and declining.

B)The problem may not be the product, but how it was presented. The target market that the company aimed for was the upper-middle class in India, especially families with two working spouses. Extensive customer research indicated that these people may have experimented with flavoured breakfast yoghurt as an alternative meal (i.e. breakfast) for a short time before returning to the conventional Indian breakfast. The company may have failed to present the product in a way that suited local needs.

C) A company must strike a balance between global brand equity and local preferences in order to successfully enter new markets. While keeping a core brand identity, it must also adapt to local needs. Adapting to local needs may be important to ensure sales and profits in new markets.

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The ratio of cash to monthly cash expenses is computed as _____.

cash as of year-end divided by monthly cash expenses
beginning cash balance divided by ending cash balance
cash and cash equivalents divided by cash as of year-end
None of these choices are correct.

financial data for a company is provided below: cash, end of year, $500,000 estimation of yearly cash expenses from negative cash flows from operations on statement of cash flows, $(155,000) cash, beginning of year, $400,000 accounts receivable, $10,000 inventory, $20,000 net income for the year how many months will the company be able to continue without positive cash flows or additional financing (round to nearest whole month)?
12 months
25 months
39 months
16 months

Answers

The company will be able to continue without positive cash flows or additional financing for approximately 16 months.

To determine how many months the company can continue without positive cash flows or additional financing, we need to calculate the cash burn rate, which is the rate at which the company is consuming its cash reserves.

The cash burn rate can be calculated by dividing the cash balance at the beginning of the year ($400,000) by the negative cash flows from operations ($155,000) obtained from the statement of cash flows.

Cash burn rate = Beginning cash balance / Negative cash flows from operations

Cash burn rate = $400,000 / (-$155,000)

The negative sign indicates that the cash flows from operations are reducing the cash balance. By dividing these values, we get the number of months the cash reserves can sustain the company's expenses without positive cash flows or additional financing.

Months of sustainability = Cash burn rate / 12 months

Months of sustainability = (-$400,000 / $155,000) / 12

Months of sustainability ≈ 16 months (rounded to the nearest whole month)

Therefore, the company will be able to continue without positive cash flows or additional financing for approximately 16 months based on the given financial data.

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A product whose EOQ is 40 experiences a decrease in holding cost from $16 per unit annually to $1. The revised EOQ is Osixteen times as large O four times as large O one-fourth as large O one-sixteen as large O can not be determined

Answers

The revised EOQ for a product whose original EOQ was 40 and holding cost decreased from $16 per unit annually to $1, will be sixteen times as large.

EOQ (Economic Order Quantity) is the optimal order size that a company should place to minimize the total cost of inventory. It is calculated using the formula: EOQ = sqrt((2DS)/H), where D represents annual demand, S represents ordering cost per order, and H represents holding cost per unit per annum.

Given that the holding cost per unit per annum has decreased from $16 to $1, we can assume that the value of H has decreased. As the value of H decreases, the value of the EOQ increases. This is because as holding cost decreases, it becomes more economical to order larger quantities.

Using the formula, we can calculate the revised EOQ as, EOQ = sqrt((2DS)/H), where H is the new holding cost of $1. Substituting the values, we get EOQ = sqrt((2*40*D)/1) = sqrt(80D).

Thus, the revised EOQ is proportional to the square root of annual demand. Since the annual demand is constant, the revised EOQ will be sixteen times as large as the original EOQ, i.e., 16 * EOQ = 16 * sqrt(80D). Therefore, the answer is "sixteen times as large."

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IN THE CASE STUDY ON HYDRO ONE, CANADA
Identify any risk that Hydro One failed to identify and what
problems did the company face as a result

Answers

In the Hydro One case study, the company failed to identify the risk associated with its IT systems.

Hydro One did not have the necessary backup systems in place, nor did it have a disaster recovery plan to respond to the potential risk. The company faced many issues as a result of this oversight, including the following:

It faced huge fines from the Ontario Energy Board for failing to provide accurate billing to customers and failing to read the meters on time. It faced a huge backlash from its customers, who had to deal with incorrect bills and billing delays, which led to distrust and loss of confidence in the company. It also faced significant operational challenges, including the need to hire more staff to handle the increased workload and the need to develop new systems to support customer service and billing processes.

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The following standard costs per unit, of one product, have been taken from the records of Bahraim Company Direct materials 5 kgs at $3 per kg. Direct labor 2.5 hours at $10 per hour Actual data for last month. Units produced: 12,000 Direct materials used 35,000 kgs Direct labor hours: 22,000 Direct labor rate per hour $9 Direct material price: $4 per kg Direct matenals purchased: 100,000 kgs Required: (a) Compute the price and efficiency variances for direct materials and direct labor. Direct material price variance to be calculated at the time of purchase. (5 marks) (b) Prepare the journal entries to record the price and efficiency variances for direct matenals and direct labor

Answers

To calculate the price and efficiency variances for direct materials and direct labor, we can use the given standard costs per unit and actual data for last month.

(a) Price and Efficiency Variances:

Direct Materials:

Standard Quantity = 5 kgs per unit

Standard Price = $3 per kg

Actual Quantity Used = 35,000 kgs

Actual Price = $4 per kg

Price Variance = (Actual Price - Standard Price) * Actual Quantity Used

Price Variance = ($4 - $3) * 35,000 kgs = $35,000 (Favorable)

Efficiency Variance = (Standard Quantity - Actual Quantity Used) * Standard Price

Efficiency Variance = (5 kgs - 35,000 kgs) * $3 = -$104,985 (Unfavorable)

Direct Labor:

Standard Hours = 2.5 hours per unit

Standard Rate = $10 per hour

Actual Labor Hours = 22,000 hours

Actual Rate = $9 per hour

Price Variance = (Actual Rate - Standard Rate) * Actual Labor Hours

Price Variance = ($9 - $10) * 22,000 hours = -$22,000 (Unfavorable)

Efficiency Variance = (Standard Hours - Actual Labor Hours) * Standard Rate

Efficiency Variance = (2.5 hours - 22,000 hours) * $10 = $219,975 (Favorable)

(b) Journal Entries for Price and Efficiency Variances:

Direct Materials:

To record the price variance:

[tex]Debit Materials Price Variance: \textdollar35,000\\\\Credit Accounts Payable: \textdollar35,000[/tex]

To record the efficiency variance:

[tex]Debit Materials Efficiency Variance: \textdollar104,985\\\\Credit Work in Process: \textdollar104,985[/tex]

Direct Labor:

To record the price variance:

[tex]Debit Labor Price Variance: \textdollar22,000\\\\Credit Accrued Wages: \textdollar22,000[/tex]

To record the efficiency variance:

[tex]Debit Labor Efficiency Variance: \textdollar219,975\\\\Credit Work in Process: \textdollar219,975[/tex]

These journal entries reflect the recording of price and efficiency variances for direct materials and direct labor. The variances are allocated to the appropriate accounts, such as Materials Price Variance, Materials Efficiency Variance, Labor Price Variance, and Labor Efficiency Variance.

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Identify and explain one advantage and one disadvantage for businesses using each of the following sources of finance. a. Family and Friends b. Banks

Answers

a. Family and friends: Sources of finance are the ways in which a business can obtain the capital or funding necessary for its operations. Family and friends are one such source of finance for a company, with one advantage and one disadvantage.

Advantage of using family and friends as a source of finance: One of the most significant benefits of using family and friends as a source of finance is that it is simple and quick to obtain funds. In certain circumstances, such as the start-up phase of a new company, it may be difficult for businesses to obtain funding from traditional sources such as banks, making family and friends a reliable alternative. Furthermore, with no long-term repayment commitments, entrepreneurs can concentrate their efforts on growing their company instead of worrying about repaying loans.

Disadvantage of using family and friends as a source of finance: One of the significant disadvantages of using family and friends as a source of finance is that it may potentially ruin close relationships if something goes wrong. The borrower may face complications if they are unable to repay the loan or if the lender expects a significant return on investment. As a result, using family and friends as a source of finance may cause tension and conflict in personal relationships. Additionally, family and friends may not be able to provide the level of funding required by the company, which may limit the company's growth and development.

b. Banks: Advantage of using banks as a source of finance: One of the main advantages of using banks as a source of finance is that they can provide a large amount of funding to companies, allowing them to grow and develop. Banks provide businesses with a range of financing options, including short-term, medium-term, and long-term loans, which are structured to meet the specific needs of the company. Furthermore, because banks are regulated, borrowers can have confidence in the terms and conditions of their loans.

Disadvantage of using banks as a source of finance: One of the major disadvantages of using banks as a source of finance is that it may be difficult for small businesses to obtain funding. Banks' application processes are typically lengthy, and they may impose strict conditions on borrowers, such as collateral or a minimum credit score, which can be challenging for small businesses to meet. Additionally, banks may charge high interest rates, making it difficult for businesses to repay their loans and limiting their ability to expand.

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Which Of The Following Statements Will Be True, Assuming That The Per-Unit Variable Costs Decrease By $2, And All Other Variables Remain Constant? Sales Revenue Will Increase By $60,000 Variable Costs As A Percentage Of Sales Will Increase By 13.33 Percentage Points Net Operating Income Will Decrease By $60,000 Contribution Margin Ratio Will Increase
Which of the following statements will be true, assuming that the per-unit variable costs decrease by $2, and all other variables remain constant?

Sales revenue will increase by $60,000

Variable costs as a percentage of sales will increase by 13.33 percentage points

Net operating income will decrease by $60,000

Contribution margin ratio will increase by 13.33 percentage points

Answers

Assuming the per-unit variable costs decrease by $2 while keeping other variables constant, the following statements will be true:

1. Variable costs as a percentage of sales will decrease by 13.33 percentage points.

Variable costs as a percentage of sales will decrease by 13.33 percentage points: When the per-unit variable costs decrease, the variable costs as a percentage of sales will decrease. This is because the decrease in variable costs will result in a smaller proportion of costs relative to sales, leading to a lower percentage.

2. Net operating income will increase by $60,000.

Net operating income will increase by $60,000: As the per-unit variable costs decrease, the overall costs associated with producing goods or services will decrease. This reduction in costs will lead to an increase in net operating income, assuming all other factors remain constant.

3. The contribution margin ratio will increase.

The contribution margin ratio will increase: The contribution margin ratio is calculated by dividing the contribution margin (sales revenue minus variable costs) by the sales revenue. As the per-unit variable costs decrease, the contribution margin will increase, resulting in a higher contribution margin ratio.

It's important to note that while the first three statements are true based on the given scenario, the statement "Sales revenue will increase by $60,000" cannot be concluded solely from the information provided. The decrease in per-unit variable costs does not directly impact sales revenue.

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THE GREAT DEPRESSION This question (and the next) asks you to use your knowledge of markets for bank re- serves and credit markets to explain a conventional perspective on the Great Depression. Following the stock market crash in 1929, the U.S. experienced a sequence of banking crises in 1931 and 1932. We explore the consequences of these crises on nominal interest rates, real interest rates and the economy. 1. (Demand for Reserves) Suppose banks become worried that households may suddenly withdraw a lot of their deposits and further assume that the Fed does not respond. Using a graph, show the impact of this change in the market for bank reserves and on the nominal (Federal Funds) interest rate.

Answers

this results in a rise in the nominal (Federal Funds) interest rate as shown in the graph.

During the Great Depression, after the stock market crash in 1929, there was a sequence of banking crises in 1931 and 1932. In case banks became worried that households might suddenly withdraw their deposits, they would have to raise reserve requirements, which would result in a decrease in the supply of bank reserves, raising the federal funds' nominal interest rates.In case of a decrease in the market for bank reserves, banks become worried that households may suddenly withdraw their deposits, which leads to a rise in reserve requirements and a decrease in the supply of bank reserves. Therefore, this results in a rise in the nominal (Federal Funds) interest rate as shown in the graph.

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in 2021, Meghan Johnson, a single taxpayer, reports QBI of
$110,000 from her schedule C, and taxable income before the QBI
deducation of $75000. How much is Meghan's 2021 QBI deducation?

Answers

Meghan Johnson, a single taxpayer, reports a Qualified Business Income (QBI) of $110,000 from her Schedule C and a taxable income before the QBI deduction of $75,000. Meghan's 2021 QBI deduction is $0.

The QBI deduction allows eligible taxpayers to deduct a percentage of their Qualified Business Income, subject to certain limitations. The deduction is calculated based on the taxpayer's taxable income before the QBI deduction, limitations, and other factors. In this case, Meghan reports a QBI of $110,000 from her Schedule C, which represents her business income. However, her taxable income before the QBI deduction is given as $75,000. To calculate the QBI deduction, we compare the taxable income with certain thresholds and limitations. For tax year 2021, if the taxpayer's taxable income is below the threshold amount ($164,900 for single filers in 2021), they are eligible for the full QBI deduction. However, if the taxable income exceeds the threshold, limitations based on the type of business or certain other factors may apply. In Meghan's case, her taxable income of $75,000 is below the threshold, and she qualifies for the full QBI deduction. Therefore, her 2021 QBI deduction would be $0, as she can deduct the entire QBI amount of $110,000 from her taxable income. This deduction helps reduce her overall tax liability and is a benefit for qualifying business income earner.

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For
this discussion, we are going to explore State Court Websites and evaluate the information on those sites. As a reminder, the courts are part of the Judicial Branch of government. Suggested search terms to locate the websites are "Connecticut State Courts" or "Connecticut Judicial Branch."
Examine 2 different State Court websites (you can choose which states) and describe one subject addressed on both sites (For example: "Do it Yourself Divorce." Or "Access to Justice Commission.") Describe in your own words the information available on this topic on each State Court site. Tell us which of the two-state court websites you think was the most user friendly and informative on the subject, and explain why.

Answers

The two different state court websites are Massachusetts Court System website and Texas Courts website. The subject addressed on both sites is self-help. The Massachusetts court system provides assistance in forms of law libraries, online court forms, and online self-help centers that help individuals who are representing themselves in court.

Additionally, this website provides a Legal Resource Finder which helps find legal aid organizations, courthouses, and other related legal assistance centers.The Texas Courts website also provides resources for individuals who are representing themselves in court. The website provides information for legal aid organizations, and even has a separate tab titled "self-help" where individuals can find assistance with common issues that arise in court. This section provides information for divorce, child custody, child support, family law, and small claims court. It also provides downloadable forms that are used in Texas courts, along with an interactive interview that helps users fill out the form appropriately.While both sites were helpful and informative, the Texas Court website was more user friendly. It had a separate tab titled "self-help," which allowed the users to easily navigate the website. This tab contains all the necessary information on a single page. Additionally, the interactive interview section helps the users fill out the necessary forms easily, which is a great feature that is not available on the Massachusetts Court System website. Thus, the Texas Court website is more user-friendly and informative on the subject.

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Do group members have an
ethical responsibility to report shirkers to
leadership?

Answers

The question of whether group members have an ethical responsibility to report shirkers to leadership is subjective and depends on various factors, including the context, the nature of the work, and the group dynamics. Here is a  perspectives to consider:

Duty to the Organization: Some argue that group members have a responsibility to uphold the best interests of the organization. If a team member consistently fails to fulfill their responsibilities and their actions are negatively impacting the team's performance or hindering the organization's goals, reporting such behavior may be seen as necessary to maintain the overall productivity and integrity of the group.

Ultimately, the ethical responsibility of reporting shirkers to leadership is a complex issue that requires careful consideration of the specific circumstances and potential consequences. It may be beneficial for organizations to establish clear guidelines and channels for addressing performance issues and encourage open communication among team members to resolve such matters in a fair and constructive manner.

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mrh-ch03-q511 the average number of customer complaints your service hotline records each month is normally distributed with a mean of 835 and a stdev of 106. you need to adjust staffing levels to ensure you are 95% likely to be able to address all of your complaints. how many complaints should you expect in order to meet this service level? use excel and round your answer to the nearest integer.

Answers

Given, Mean = 835Standard Deviation = 106We have to find the number of complaints we should expect in order to meet this service level.

Therefore, the formula for Z-Score is given as:$$Z=\frac{x-\mu}{\sigma}$$Where x = number of complaints.μ = population mean.σ = population standard deviation.Z-score for a 95% confidence level is 1.96, which is found from the Z-score table. Therefore,$$1.96=\frac{x-835}{106}$$Solving for x, we get$$x=20(106)+835$$x=2,155Since the answer must be rounded to the nearest integer, the number of complaints we should expect in order to meet this service level is 2,155.

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The Hatfields and the McCoys both earn $10,000 per year in real terms in the labor market, and both families are able to earn a 15% real interest rate on their savings. Assume that all interest is paid out as income in the following year. In the year 2010(12/31), both families began to save. The Hatfields saved 10% of their income each year; the McCoys saved 20%. Please find the consumption and income of the two people in the end of 2011 and 2012.

Answers

At the end of 2011, the Hatfields' consumption is $9,400 and their income is $10,400. The McCoys' consumption is $9,200 and their income is $11,200.

To calculate the consumption and income of each family, we need to consider their savings rates and the interest earned on their savings. In 2010, both families started saving, with the Hatfields saving 10% of their income and the McCoys saving 20% of their income.

For the Hatfields:

- In 2010, their income is $10,000, and they save 10% of it, which is $1,000. Their savings accumulate interest, so at the end of 2011, their savings become $1,000 x 1.15 = $1,150.

- Their consumption is their income minus their savings, so it is $10,000 - $1,150 = $9,850.

- In 2011, their income remains at $10,000, and their consumption is $9,850.

For the McCoys:

- In 2010, their income is $10,000, and they save 20% of it, which is $2,000. Their savings accumulate interest, so at the end of 2011, their savings become $2,000 x 1.15 = $2,300.

- Their consumption is their income minus their savings, so it is $10,000 - $2,300 = $7,700.

- In 2011, their income remains at $10,000, and their consumption is $7,700.

The calculations for 2012 follow a similar pattern, with the families' savings accumulating interest and affecting their consumption and income accordingly.

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when analyzing the competitive price environment, marketers must consider which two key aspects?

Answers

When analyzing the competitive price environment, marketers must consider the following two key aspects:1. Customer sensitivity to price: It is important to determine how much customers are willing to pay for a product or service.

Customers who are very price-sensitive will choose the lowest-priced product regardless of other considerations such as quality or brand name.

Other customers may be willing to pay more for certain features or benefits.2. Competitor pricing and positioning: It is critical to analyze the prices of competitors and their product positioning in the market.

Competitors' prices and how they compare to one's own prices should be analyzed thoroughly to establish a competitive price point.

A brand's prices should be based on the value offered to consumers in terms of features, quality, and benefits.Given the constraints of the question, it is possible to provide an answer within the specified word limit.

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Which of the following is associated with advanced stages of the wheel of retailing? Select one: a. lower levels of customer service O b. greater operating costs C. more members in the channel of distribution fewer members in the channel of distribution O d. O e. lower operating costs

Answers

Advanced stages of the wheel of retailing are associated with fewer members in the channel of distribution. The Correct option is D

The wheel of retailing theory suggests that retail formats start as low-cost, low-status operations and then progress through successive stages, becoming more sophisticated and upscale over time. As retailers move into advanced stages, they often streamline their operations and eliminate unnecessary intermediaries, resulting in fewer members in the distribution channel.

This consolidation allows retailers to reduce costs, increase efficiency, and exert greater control over their operations. However, it's important to note that as retailers advance, they may also invest in improving customer service, enhancing their product offerings, and providing a more upscale shopping experience. The Correct option is D

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Explain the working of AHP by considering at least one
qualitative and one quantitative criteria while considering a
real-life scenario. Assume hypothetical values for Eigen value
computations.

Answers

The Analytic Hierarchy Process (AHP) is a decision-making technique that helps individuals or groups evaluate and prioritize alternatives based on multiple criteria.

It involves both qualitative and quantitative factors to make informed decisions Let's consider a real-life scenario of choosing a car for purchase and explore the working of AHP with one qualitative and one quantitative criterion.

Qualitative Criterion: Safety Rating

In this scenario, safety is an important qualitative criterion to consider when choosing a car. We can assign three car models, A, B, and C, with corresponding safety ratings as follows:

Car A: Safety Rating = 8Car B: Safety Rating = 6Car C: Safety Rating = 9

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In a description of a fraud scheme at Sharefore Inc., an analyst writes: "The next quarter, analyst expectations are higher, but sales have not picked up. The firm provides additional incentives to its sales force, uses overtime to boost shipments but now has additional expenses to contend with (incentives and overtime), so it does not fully accrue all its consulting expenses. Third quarter rolls around and sales still haven't improved enough, but the analysts keep increasing targets. Because this time, operating tactics are not sufficient, management pressures the CFO to meet analyst forecast numbers. The CFO becomes aggressive in the interpretation of installment sales and expense accruals. As expectations keep rising, so does the firm's stock price."
What form or forms of financial statement fraud is this? Where would we expect to see the impact of this form of fraud in Sharefore Inc.’s financial statements?

Answers

The form of financial statement fraud that Sharefore Inc. committed was manipulation of installment sales and expense accruals. The impact of this form of fraud would be seen in the company's income statement and balance sheet. The company was under pressure to meet analyst expectations even though sales were not picking up, and management became aggressive in the interpretation of installment sales and expense accruals.

The form of financial statement fraud that Sharefore Inc. committed was manipulation of installment sales and expense accruals. This is evident in the analyst's statement that management became aggressive in the interpretation of installment sales and expense accruals to meet analyst forecast numbers because operating tactics were not sufficient. This means that the company inflated its sales revenue and understated its expenses to improve its financial performance and meet analyst expectations.There are several ways that the manipulation of installment sales and expense accruals can be carried out.

In the case of Sharefore Inc., the company may have recorded sales that were not actually made, or it may have booked revenue for future sales. Additionally, the company may have delayed recording expenses or understated the amount of expenses it had incurred. By doing so, the company made it appear as though it was more profitable than it actually was, which caused its stock price to rise.Over time, the impact of this form of fraud would be seen in Sharefore Inc.'s financial statements. The company's income statement would show inflated revenue, which would lead to a higher net income. This would also affect the company's profitability ratios, such as gross profit margin and operating profit margin, making them appear more favorable. The balance sheet would also be impacted because accounts receivable and inventory would be overstated while accounts payable and accrued expenses would be understated. This would affect liquidity ratios such as the current ratio and quick ratio, making them appear stronger than they actually were.In conclusion, manipulation of installment sales and expense accruals is a form of financial statement fraud that can be used by companies to improve their financial performance. The impact of this form of fraud would be seen in Sharefore Inc.'s income statement and balance sheet, where revenue and expenses would be overstated and understated, respectively. This would make the company appear more profitable and liquid than it actually was, which would lead to a rise in its stock price.

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A cross-functional team is a workgroup made up of employees from different functional areas within an organization who collaborate to reach a stated objective. Indicate who should be on this important cross-functional team and explain why. Describe the goals the team should strive to achieve.
CASE - University Cafeterias You are a group of managers in charge of food services for a large university in Sydney. Recently, a survey of students, faculty, and staff was conducted to evaluate customer satisfaction with the food services provided by the university's eight cafeterias. The results were disappointing. Complaints ranged from dissatisfaction with the type and range of meals and snacks provided, operating hours, and food temperature to frustration about unresponsiveness to current concerns about healthful diets and the needs of vegetarians. You have decided to form a cross- functional team that will further evaluate reactions to the food services and will develop a proposal for changes to be made to increase customer satisfaction

Answers

A cross-functional team is a group of workers from different functional areas of an organization who collaborate to achieve a specific goal.

The following are the key players in the cross-functional team to be formed by the university managers to evaluate the food services and to create a proposal for changes to enhance customer satisfaction:Food Service Manager is in charge of managing all of the university's food services operations, including the eight cafeterias. The manager is in charge of all of the operations' budgets, personnel, and customer satisfaction.Student Government Representative would serve as a representative of the university's student population, advocating for changes that would improve the cafeterias' services. This individual should have prior experience dealing with food service providers or running a food service operation.Student Nutritionist should have a degree in nutrition or another relevant field and experience in planning menus for large organizations. The nutritionist will assess the food served by the university and make recommendations for changes to the menu.Customer Service Representative should be someone with prior experience in customer service or public relations. This individual will evaluate customer satisfaction surveys and develop a plan for ensuring that the university's food services meet the needs of all students, faculty, and staff.

The following are the objectives that the cross-functional team should aim to achieve:To assess the current level of customer satisfaction with the university's food services and establish an action plan to meet the expectations of all students, faculty, and staff.To research and determine the dining needs of various groups of customers.To establish guidelines for incorporating new menu items, pricing, and the hours of operation to meet customer needs.To establish guidelines for maintaining food quality, safety, and compliance with all applicable laws and regulations.To establish a process for gathering feedback from customers to ensure that the university's food services stay relevant and efficient.To establish a strategy to encourage healthy eating and expand vegetarian options in all university cafeterias.

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according to the agile manifesto your highest priority is to

Answers

According to the Agile Manifesto, the highest priority is to satisfy the customer through early and continuous delivery of valuable software.

This principle emphasizes the importance of focusing on the customer's needs and delivering value in a timely manner. Agile methodologies prioritize collaboration with customers and stakeholders, seeking their feedback and incorporating it into the development process. By delivering working software early and frequently, teams can gather feedback, validate assumptions, and make necessary adjustments to ensure that the end product meets customer expectations. This customer-centric approach drives agility and helps teams adapt to changing requirements and deliver a product that provides real value and addresses the customer's needs.

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Why is important to develop collaborative relationship among the
partners in a distribution network? Discuss collaborative
relationship, namely Contract, Outsource, Alliance. Give an example
of each?

Answers

Developing collaborative relationships among partners in a distribution network is important for several reasons:

1. Enhanced Efficiency: Collaboration allows partners to pool their resources, knowledge, and expertise, leading to improved efficiency in the distribution network. By working together, partners can streamline processes, reduce redundancies, and optimize operations, resulting in cost savings and increased productivity.

2. Increased Customer Satisfaction: Collaboration enables partners to provide a seamless and integrated customer experience. By aligning their efforts and sharing information, partners can ensure that products are delivered on time, customer inquiries are handled efficiently, and customer needs are met effectively. This enhances overall customer satisfaction and loyalty.

3. Market Expansion: Collaborative relationships can facilitate market expansion for all partners involved. By leveraging each other's strengths and capabilities, partners can access new markets, reach a wider customer base, and capitalize on growth opportunities that may have been challenging to pursue individually.

Now, let's discuss the three types of collaborative relationships in a distribution network:

1. Contract: A contractual relationship involves a formal agreement between two or more parties that outlines the terms and conditions of their collaboration. It typically defines the roles, responsibilities, and expectations of each partner. An example of a contract-based collaborative relationship in a distribution network could be a manufacturer partnering with a logistics provider to handle the transportation and delivery of their products. The manufacturer and the logistics provider would enter into a contract specifying the services to be provided, service levels, pricing, and other relevant terms.

2. Outsource: Outsourcing involves delegating specific functions or activities to external partners who specialize in those areas. It allows companies to focus on their core competencies while relying on external expertise for certain aspects of their operations. In the context of a distribution network, an example of outsourcing would be a company outsourcing its warehousing and inventory management functions to a third-party logistics (3PL) provider. The 3PL provider would handle the storage, inventory control, and order fulfillment, allowing the company to concentrate on other critical aspects of their business.

3. Alliance: An alliance is a collaborative relationship formed between two or more organizations with a common goal or objective. It typically involves sharing resources, knowledge, and market access to achieve mutual benefits. In a distribution network, an example of an alliance could be a strategic partnership between a manufacturer and a distributor. They may collaborate to jointly develop new products, share marketing efforts, and coordinate their distribution channels to penetrate new markets or target specific customer segments.

Overall, collaborative relationships in a distribution network can foster synergy, enable cost-effective operations, and drive competitive advantage for all partners involved. By leveraging the strengths and capabilities of each partner through contracts, outsourcing, or alliances, companies can achieve shared goals and succeed in a dynamic and competitive business environment.

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Other Questions
HRM Sony Family Case:Sony Family One way to manage human resources effectively is to treat each member of the organization as the "member of the family deserving respect and recognition". There should be no class system or social status differentiation among all the employees from the president down to floor worker. The tendency of successful organizations is towards participative style of management and workers' participation in making operational decisions. Nothing is more motivational to workers than to know that there are no barriers between them and the management and there are no 'ivory towers' where managers get special and superior treatment than the workers. This style of management is especially prevalent in the Japanese industries where there is open and free communication between management and workers. This open interaction among all is highly encouraged by one Japanese company which has established a reputation for quality, service and human relations in the whole world. That company is SONY. To break down barriers between management and staff, Sony has instituted common cafeterias, known as on-site dining. On-site dining is perceived as more than merely a pleasant dining experience. According to Sony's director of facilities management, "When employees eat in, they tend to exchange work ideas. They walk the work at a different level." On-site dining also saves time as well as abuses of lunch hour time because workers do not have to commute to different restaurants for lunch. Morita, a onetime highly successful Chief Executive Officer (CEO) of Sony, once explained: "I have always made it a point to know our employees, to visit every facility of our company and to try to meet, and know every single employee." He himself socialized with the employees because he considered them as a part of Sony Family. To him, it was not human resource management; it was respect, for one's family. The on-site dining facility helps to strengthen work-related relationships and thus increase employee morale and productivity. It is a one-class cafeteria and there is no special place or special food reserved for top management. All the employees eat in the same place under the same environment. It. brings employees together in a more relaxed setting, outside the work environment, so that they have the opportunity for social bondage. This, in turn, can create work relationships and enhance productivity. Workers get to know each other on a first name basis and then try to help each other in the work environment. This also helps in providing easy access to management and this is a morale boosting element. This is due to the fact that on site dining encourages intra-company networking by bringing together people at different positions in the structural vertical as well as horizontal hierarchy from different departments. Such networking can ultimately facilitate internal communication since people get, to know each other with respect and affection. Such Japanese work ethic is being adopted by more and more American companies. They are beginning to realize that human resource management is not moving the people to work, but motivating the people to work and motivation comes with respect and recognition rather than financial incentive or comfortable working conditions alone.Questions:1. How can you describe performance management at Sony?2. How the career path in managed at sony? Susan has a $2,000,000 retirement account. Beginning today, Susan wishes to withdraw the first of twenty-five equal annual payments but still have $400,000 remaining after the final withdrawal. Assuming the retirement account will earn 7.5 percent per year, how much can she withdraw each period? This table shows how many sophomores and juniors attended two school events.Jazz band concertVolleyball gameTotalSophomore354277Junior362460Total7166137What is the probability that a randomly chosen person from this group is a junior and attended the volleyball game?Round your answer to two decimal places.A) 0.44B) 0.26C) 0.18D) 0.48 Use the following cell phone airport data speeds (Mbps) from a particular network. Find the percentile corresponding to the data speed 8 2 Mbps, rounding to the nearest whole number. 0.1 0.2 0.2 0.3 0 Clockworks Co. reports the following data for the current year: Units sold... 1,200 Unit sales price...... $30 Unit variable cost.. $10 Total fixed cost... $18,000 Required: Calculate Clockworks' pretax income. the government sent 1200 checks to most americans last summer. this can be thought of as a one time lump sum tax cut. 31) what should happen to labor supply? 32) what will happen to consumption and by how much? and why? the date on which cash dividends are paid is on the of payment. of declaration. of record. day of the fiscal year-end. The following global marginal cost curve for greenhouse gas (GHG) emission abatement has been estimated for your country: MAC(Q) = 30+ 0.3Q where Q is the global quantity of abatement from current GHG levels. It's the sum of each country's abatement quantity Q In your country, analysts have also determined the national benefits of global GHG emissions abatement: PMB 20 0.20 a. Assuming that your country can undertake the cheapest abatement possible as captured in the MAC curve above. What is the privately (nationally) efficient level of abatement Q* for your country? [2 marks] b. New evidence on the damages of climate change have prompted analysts to adjust the estimated marginal benefits function, to PMB = 40 0.2Q. Imagine that your neighbour also plans to mitigate climate change. Assume that the national benefits that it receives from global emissions abatement are exactly the same as yours, so that PMB = 40 - 0.2Q for each country i e{1, 2}. Suppose your country acts first and abates the privately (nationally) efficient level of abatement Q, (determined by the new estimated marginal benefit function). What would be the privately efficient response from your neighbor country? Assume that your country has already chosen the cheapest abatement possible, so that your neighbor's marginal abatement costs begin at Q rather than 0. [3 marks] c. Two countries are considering allowing tradeable permits. What would be the prices in the two markets? How much does each country abate? Assume initially your country has a cap of 30 tons of emissions and an uncontrolled emissions level of 70 tons, while your neighbour country has a cap of 40 tons, and an uncontrolled emissions level of 80 tons. [4 marks] when members of a group are few in number and when members of another group are in power, stereotyping is likely to occur. Based on the following data, is there any arbitrage opportunities? Please detail theaction plan to generate arbitrage profit/loss.Spot rate CAD/EUR180 day - Forward rate CAD/EUR0.7322-440.7330-58CAD'S APR5%-6%EUR'S APR7%-8% Standardization of documents is the main focus of: O Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI) O Islamic Financial Services Board (IFSB) O International Islamic Financial Market (IFM) O International Islamic Rating Agency (IIRA) Match the following Selling goods without proper description, such as a shop owner selling clothes with unspecified sizes The Exchange of 10 kg A1 rice with 14 kg Basmathi rice and the delivery is made in the next two day Purchase of fruits without peeling or cutting off the skin to see the inside 5 kg of rice exchanged with RM 10 on deferred payment terms A. Gharar Fahish B. Riba Alfadhl C. Gharar-free DRiba-free E. Gharar Yasir each unit in the coordinate plane represents 1 foot. find the width of the sculpture at a height of 2 feet. (round your answer to three decimal places.) Companies that export goods to foreign countries Copyright by Glo-Bus Software, Inc. Copying, distributing or 3rd party website posting isexpressly prohibited and constitutes copyright violation O always gain in competitiveness when the currency of the country in which the goods are manufactured grows weaker relative to the currencies of countries where the exported goods are being shipped and sold. O are largely unaffected by fluctuating exchange rates when their competitors are also subject to fluctuating exchange rates. Oare competitively disadvantaged when currency exchange rates fluctuate up and down. become progressively less profitable as the currency of the country in which the goods are manufactured grows weaker relative to the currencies of countries where the exported goods are being shipped and sold. are competitively benefitted when the currency of the country in which the goods are manufactured grows stronger relative to the currencies of countries where the exported goods are being shipped and sold. identify each statement as true or false concerning the data Netflix can collect via streaming vs. data acquired from its DVD-by-mail business. True False Netflix data advantage is much less than rivals, since anyway can collect data on streaming O O media Data allows for greater customization of titles and the types of content promotions offered to streaming customers Streaming provides more accuracy, since Netflix gains insight based on the length and frequency titles are watched by a given user. DVD-by-mail was more accurate since users were forced to rate all titles. 1:Mr. Saeed sold his car for PKR 1.5 million which hehad purchased for PKR 1.4 million. He mentioned the details aboutit to the counter party including total costs (PKR 1.6 mn). Whattype of Bai is What is Chinas goal by the creation of the Belt andRoad Initiative? Exercise 13.5 (Algo) Preparing a classified balance sheet. LO 13-3 The worksheet of Bridget's Office Supplies contains the following revenue, cost, and expense accounts. The merchandise inventory amounted to $59,775 on January 1, 20X1, and $52,725 on December 31, 20X1. The expense accounts numbered 611 through 617 represent selling expenses, and those numbered 631 through 646 represent general and administrative expenses. Accounts 401 Sales $248,900 Cr. 4,350 Dr. 451 Sales returns and allowances 491 Miscellaneous income 501 Purchases 400 Cr. 103,600 Dr. 1,975 Dr. 502 Freight in 503 Purchases returns and allowances 3,600 Cr. 504 Purchases discounts 1,800 Cr. 611 Salaries expense-Sales 45,300 Dr. 614 Store supplies expense 2,310 Dr. 617 Depreciation expense-Store equipment 1,510 Dr. 631 Rent expense 13,500 Dr. 634 Utilities expense 3,000 Dr. 637 Salaries expense-Office 640 Payroll taxes expense 643 Depreciation expense-Office equipment 21,100 Dr. 6,000 Dr. 570 Dr. 720 Dr. 740 Dr. 646 Uncollectible accounts expense 691 Interest expense The worksheet of Bridget's Office Supplies contains the following owner's equity accounts. Accounts 301 Bridget Swanson, Capital $63,760 Cr. 302 Bridget Swanson, Drawing 40,700 Dr. Net income for the year $42,975. The worksheet of Bridget's Office Supplies contains the following asset and liability accounts. The balance of the Notes Payable account consists of notes that are due within a year. Accounts 101 Cash 107 Change fund 111 Accounts receivable 112 Allowance for doubtful accounts 121 Merchandise inventory 131 Store supplies 133 Prepaid interest 141 Store equipment 142 Accum. depreciation-Store equipment 151 Office equipment 152 Accum. depreciation-Office equipment 201 Notes payable 203 Accounts payable 216 Interest payable 231 Sales tax payable Prepare a balance sheet dated December 31, 20X1. $ 5,605 Dr. 500 Dr. 5,140 Dr. 860 Cr. 52,725 Dr. 1,100 Dr. 130 Dr. 11,200 Dr. 1,180 Cr. 3,400 Dr. 500 Cr. 5,500 Cr. 3,725 Cr. 110 Cr. 1,890 Cr. Current Assets Assets Prepaid Expenses Total Current Assets Plant and Equipment Store equipment Office equipment Total plant and equipment Total Assets Current Liabilities BRIDGET'S OFFICE SUPPLIES Balance Sheet Liabilities and Owner's Equity Total Current Liabilities Owner's Equity Total Liabilities and Owner's Equity varande Analysis Shasta Fixture Company manufactures faucets in a small manufacturing facility. The faucets are made from brass. Manufacturing has 30 employees. Each employee presently provides 35 hours of labor per week. Information about a production week is as follows: Standard wage per hour $11.40 15 min Standard labor time per unit Standard number of lbs. of brass 1.4 lbs. Standard price per lb. of brass $11.25 Actual price per lb. of brass $11.50 Actual lbs. of brass used during the week 12,545 lbs. Number of units produced during the week 8,700 Actual wage per hour $11.74 Actual hours for the week (30 employees x 35 hours) 1,050 Required: a. Determine the standard cost per unit for direct materials and direct labor. Round the cost per unit to two decimal places. Direct materials standard cost per unit Direct labor standard cost per unit Total standard cost per unit b. Determine the direct materials price variance, direct materials quantity variance, and total direct materials cost vanance. Round your answers to the nearest whole dollar. Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number Direct Materials Price Variance Check My Work 5 more Check My Work uses remaining Batelco's customer service department follows up on customer complaints by telephone inquiry. During a recent period, the department initiated 5,000 calls and incurred costs of $225,000. if 1,750 of these calls were for the company's wholesale operation (the remainder were for the retail division), costs allocated to the retail division should amount to: a. $78,750 b. $112,500 c. $146,250 d. $303,750