IN A DEPARTMENT STORE, SALESPEOPLE ARE REWARDED BASED ON THEIR SALES VOLUME. THE PROBLEM IS THAT THEY ARE GIVING SUBSTANTIAL DISCOUNTS AND PRESSURING CUSTOMERS TO MAKE UNNECESSARY PURCHASES What are the reasons for the negative consequences of these bonus schemes? Modify these schemes to solve the problems.

Answers

Answer 1

Answer:

This bonus scheme has two main problems:

consumer satisfaction will decrease because they are pressured to make unnecessary purchases and once they realize it they will not be happy with the store nor with their purchasing experience. This will damage the relationship between the store and its customers. since salespeople are offering substantial discounts in order to boost sales volume, then the profits of the company will decrease.

In this situation both lose, the company and its customers.

In order to solve this issue, the store should award bonuses based on total revenue and gross profit margin, not volume. This way, the salespeople will try to sell their products at the normal price, which means that they will have to convince their customers through other strategies and not just low price. The sales technique will have to shift from low cost to differentiated product that can satisfy their customers' needs.

Answer 2

Based on the information given, the negative consequence of the bonus schemes is the reduction in profit.

It should be noted that a bonus scheme simply means an incentive scheme given to employees. It's used to boost the performance of the team.

It should be noted that the disadvantage of the bonus scheme is that it can lead to competition among the employees. Therefore, in this case, the bonus should not be based on volume of goods sold.

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Related Questions

Which of the following are characteristics of a scarce resource?
Choose 1 answer:
Choose 1 answer:

(Choice A)
A
The supply of the resource exceeds the demand of the resource.

(Choice B)
B
There is a fixed quantity of the resource available but no demand for it.

(Choice C)
C
There is a demand for that resource with limited supply.

(Choice D)
D
There is limited supply of a resource with no demand for that resource.

(Choice E)
E
The resource has unlimited supply and limited demand.

Answers

There is a demand for that resource with limited supply  are characteristics of a scarce resource. When the demand for a natural resource exceeds the supply, resource scarcity results, which causes the stock of those resources to decrease.

As a result of rising costs that make the demand resource less accessible to those who are least well-off, this might result in unsustainable supply   growth and an increase in inequality. When there aren't enough resources to meet everyone's needs, there is scarce resource. Oil is among the most well-known instances of how resource scarcity affects the United States. Local gas prices will surely climb when oil prices around the world do.

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Pacor Industries recently paid its annual dividend of $2. Dividends have consistently grown at a rate of 2.2%. Analysts estimate that the stock has a beta of 1.12. The current risk-free rate is 2.4% and the market return is 10.7%. Assuming that CAPM holds, what is the intrinsic value of this stock? Group of answer choices $20.67 $21.52 $21.24 $22.19 $20.64

Answers

Answer:

The intrinsic value of the stock is $21.52

Explanation:

To calculate the intrinsic value of the stock, we will use the constant growth model of the dividend discount model (DDM). The DDM values the stock based on the present value of the expected future dividends from the stock. The formula for price today under the constant growth model of DDM is,

P0 = D0 * (1+g) / r - g

Where,

D0 * (1+g) is D1 or the next expected dividendr is the required rate of returng is the growth rate in dividends

First of all, we need to calculate the r or required rate of return using the CAPM equation,

r = rRF + Beta * (rM - rRF)

Where,

rRF is the risk free raterM is the return on market

r = 0.024 + 1.12 * (0.107 - 0.024)

r = 0.11696 or 11.696%

P0 = 2 * (1+0.022) / (0.11696 - 0.022)

P0 = $21.52

NEED HELP URGENTLY, WILL GIVE BRAINLIEST

Los Angeles’s population has increased by 800,000 residents. Thirty years ago there was just one Burger King restaurant. Now, there are over 100 fast food restaurants for residents to choose from. How does this impact the supply of Burger Kings’s hamburgers?

A. Supply does not change
B. Increase in supply
C. Decrease in Supply

Answers

Answer:

D

Explanation:

Customers now have more restaurants available to choose from and decreases Burger Kings business

When talking about saving money, Anthony ONeal says, "Start paying yourself and

Answers

Answer:

“and get rich” I believe that’s the answer

Explanation:

Answer:

investing in your future

Explanation:

hope this helps!

-brainliest appreciated:)

A combination of strategies and tools used to attract various groups of potential customers to a property is called a: *

a. market segment.

b. market target.

c. marketing strategy.

d. business mix.

Answers

A marketing strategy is a comprehensive plan that combines various strategies and tools to attract different customer groups to a property, involving target market identification and engagement plans. It encompasses the overall approach to marketing a property.

A marketing strategy is a combination of strategies and tools used to attract various groups of potential customers to a property. It involves identifying target markets and creating plans to reach and engage with those specific groups.
1. A market segment (a) refers to a group of consumers who share similar characteristics and needs. While a marketing strategy may involve targeting specific market segments, it is not the term for the combination of strategies and tools itself.
2. Market target (b) is similar to market segment, as it refers to a specific group of potential customers that a business aims to attract. However, it does not encompass the combination of strategies and tools used to attract them.
3. A business mix (d) refers to the different product lines and services offered by a business, which may be part of a marketing strategy but does not encompass the entire concept.
In summary, a marketing strategy is the comprehensive plan that combines various strategies and tools to attract different groups of potential customers to a property. It involves identifying target markets, creating plans to reach and engage with them, and encompasses the overall approach to marketing a property.

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The Bakery is considering a new project it considers to be a little riskier than its current operations. Thus, management has decided to add an additional 1.5 percent to the company's overall cost of capital when evaluating this project. The project has an initial cash outlay of $58,000 and projected cash inflows of $17,000 in year 1, $28,000 in year 2, and $30,000 in year 3. The firm uses 25 percent debt and 75 percent common stock as its capital structure. The company's cost of equity is 15.5 percent while the aftertax cost of debt for the firm is 6.1 percent. What is the projected net present value of the new project?

Answers

I uploaded the answer to a file hosting. Here's link:

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what are the three main transmission mechanisms by which the yield curve affects the economy

Answers

The three main transmission mechanisms through which the economy is been affected as a result of yeild curve are:

Corporate impact

global impact

consumer impact

The yield curve can be regarded as  graph which shows how  the yield that comes from  debt instruments vary with respect to  their years remaining to maturity. This debt instrument could be bond.

The monetary transmission mechanism can be regarded as the process whereby asset prices as well as general economic conditions are been affected due to monetary policy decisions

The transmission that affect the economy are

Corporate impactglobal impactconsumer impact

All these transmission all have effect on the  aggregate demand as well as interest rates, and amounts of money in the economy

Therefore, transmission mechanisms have serious effect on the economy.

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Question 2 of 40
What does the 'P' in the acronym PEST stand for?
A. Price
B. Political
C. Promotion
O D. Positive
SUBN

Answers

Answer:

The answer would be B. Political.

Explanation:

PEST Analysis (Political, Economic, Social, and Technological) is a management method whereby an organization can assess major external factors that influence its operation in order to become more competitive in the market. As described by the acronym, those four areas are central to this model.

The 'P' in the acronym PEST stands for political. The correct option is B. Political, Economic, Social, and Technological analysis is known as PEST analysis. This kind of analysis is used to evaluate outside variables that might affect a company's profitability.

What is political in PEST analysis?

The threats and weaknesses used in a SWOT analysis are found using a PESTEL analysis. Political factors include government leadership, change, and policies related to foreign trade, as well as internal political issues and trends, tax policy, and trends in regulation and deregulation.

A measurement tool called PEST Analysis is used to evaluate markets for a specific product or industry over a specific period of time. Political, Economic, Social, and Technological (PEST) factors Organizations can make better business decisions after these factors are analyzed.

Thus, the ideal selection is option B.

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When should an expenditure be recorded as an asset rather than an expense?

Answers

If there is a potential benefit from the expense in the future, we can classify it as an asset rather than an expense. The expense should be classified as an asset if the advantage extends beyond the current accounting period.

What is an Asset ?

An asset is a resource with economic value that a person, company, or nation owns or manages in the anticipation that it may one day be valuable.

The balance sheet of a business lists assets. They are broken down into four groups: present, fixed, financial, and tangible. They are purchased or created in an effort to increase a company's worth or enhance its operations.

Hence, If a future benefit may be derived from an expenditure, it might be classified as an asset.

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which of the following cases would be least likely to result in a manager creating an exception in a company's dress code.

A. Sam wants to wear jeans to work because he finds dress pants uncomfortable.

B. Lila wants to wear a headscarf to work for significant religious reasons.

C. Jimmy wants to wear sneakers to work because he has a foot injury that makes wearing shoes painful.

D. Felicia wants the company to allow all employees to wear casual clothing on Fridays.

This is for accounting.

Answers

A, Sam wants to wear jeans to work because he finds dress pants uncomfortable.

Assuming this is in the United States, Lila would have the religious freedom to wear her headscarf. Jimmy's foot is injured, and therefore his foot needs special attention and care. Also, Jimmy will stop wearing sneakers to work after his foot recovers. In Felicia's proposal, all employees will be wearing casual clothes on Fridays, not just one specific person. Sam wants to wear jeans just because he finds them uncomfortable. He's not injured, protected by religious freedom, or affecting all the employees. It's just an exception for him. Therefore, the answer is A.

how do you ensure that your retirement account is able to grow by taking advantage of compound interest?

Answers

By utilizing compound interest, early retirement investment accounts can increase.

What do you mean by interest?

Your interests and preferred areas of study are what you consider to be your passions. It retains your attention and piques your curiosity when something is interesting: Not much fascinating talk took place.

What professional interests do I have?

Your job interests influence the tasks and environments you choose for employment. By identifying your professional interests, you may make a more informed and wise career decision. You are pursuing your professional interests by selecting a position that makes use of your abilities and accords with your values and preferences.

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Answer:

By utilizing compound interest, early retirement investment accounts can increase.

What do you mean by interest?

Your interests and preferred areas of study are what you consider to be your passions. It retains your attention and piques your curiosity when something is interesting: Not much fascinating talk took place.

What professional interests do I have?

Your job interests influence the tasks and environments you choose for employment. By identifying your professional interests, you may make a more informed and wise career decision. You are pursuing your professional interests by selecting a position that makes use of your abilities and accords with your values and preferences.

Explanation:

When a site is unsafe, it means a. Your personal information may be used in ways you do not want c. Permission to use that site at school is always allowed b. That site is okay to visit often d. All of the above Please select the best answer from the choices provided A B C D

Answers

Answer:A, Your personal information may be used in ways you do not want

Explanation:

If it is a unsafe site than there for your personal information can go places you do not want them to.

When a site is unsafe, it means your personal information may be used in ways you do not want. Thus, option 'A' is the correct option.

What does it mean when a website is unsafe?

External connections to websites with phishing, malware, or unwanted software are known as unsafe domains. Phishing is when a website imitates another one in an effort to fool visitors into divulging personal or financial information. When you visit an insecure website, you run the risk of having your personal information compromised and/or having malicious malware installed on your system.

Additionally, you can fall prey to a phishing attack, or someone else might watch your activity or use your resources for their own gain. If the content you're seeking to view is harmful or misleading, a warning will appear. These websites are frequently referred to as phishing or virus sites. If you clicked on a phishing link, the first thing you should do is immediately unplug your device from the internet.

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If the public decides to hold more currency and fewer deposits in banks, bank reserves a. decrease and the money supply eventually decreases. b. increase but the money supply does not change. c. decrease but the money supply does not change.

Answers

If the public holds money, supply does not change, however, bank reverse will decrease, option C is correct.

What is Money Supply?

In simple terms, it can be defined as the total amount or volume of money in public or the volume of money in possession of the public.

When the bank holds a large amount of money than the public, the money in circulation will decrease.

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on october 15, year 1, kam corp. informed finn co. that kam would be unable to repay its $100,000 note due on october 31 to finn. finn agreed to accept title to kam's computer equipment in full settlement of the note. the equipment's carrying value was $80,000 and its fair value was $75,000. this was an unusual and infrequent event. what amounts should kam report as ordinary gain (loss) or the year ended september 30, year 2?

Answers

Kam Corp. should report a loss of $5,000 ($80,000 - $75,000) on the settlement of the note payable to Finn Co.

This loss should be reported as an extraordinary item on Kam's income statement for the year ended September 30, year 2, as the settlement was an unusual and infrequent event that is considered to be both unusual in nature and infrequent in occurrence.

Under generally accepted accounting principles (GAAP), extraordinary items are reported separately on the income statement below income from continuing operations. Kam should also disclose the nature of the event and its impact on income in the notes to the financial statements.

It is important to note that under International Financial Reporting Standards (IFRS), extraordinary items are not permitted to be reported separately on the income statement. Instead, the impact of the event would be included in profit or loss from continuing operations.

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Drag the tiles to the boxes to form correct pairs.
Match the different. brainstorming techniques to their applications

Drag the tiles to the boxes to form correct pairs.Match the different. brainstorming techniques to their

Answers

Note that the Brainstorming Techniques matched to one another are given as follows:

Clustering - connecting ideas for a topic using different shapes and color-coding to identify how the ideas are relatedThree perspectives - describing the topic, tracing its history, and examining its connections with related topicsFreewriting - writing down first thoughts on a topic in a timed session. without pausing to check for relevance or grammar

What are brainstorming techniques?

The most essential thing to remember with any approach of brainstorming is to prioritize quantity above quality. Accepting all ideas, no matter how ridiculous or unimportant they may appear, aids brainstorming.

The aim is to establish a large enough pool of ideas from which to draw or combine ideas for the best solution or approach.

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Do you think that most managers in real life use a contingency approach to increase their leadership effectiveness? Explain.

Answers

Most real-life managers use an emergency approach to increase their leadership effectiveness. That means we are always thinking of new ways to improve our skills and strategies.

Yes, the most effective managers use the contingency approach in real life. The most effective leaders don't believe in a one-size-fits-all approach.

The manager should identify the tasks, the leadership needs of her tasks, and the people involved in meeting the leadership situation.

Management should strive to combine all these facts into the most appropriate solution for the particular situation. Contingency theory involves contingency factors in leadership performance in concrete situations. Task-oriented leadership activities help real managers.

Real managers use emergency approaches to increase leadership effectiveness. Managers should identify the tasks, the need for leadership tasks, and the people involved in fulfilling leadership situations.

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What business strategy is best supported by a structure with moderate formalization, moderate centralization, and moderate specialization?.

Answers

A strategy encompasses your company's aims and objectives, the kinds of goods and services you intend to develop, the target market for your sales, and the customers you wish to attract.

Which four different business strategies are there?

Corporate (organizational) strategy.Competitive business strategy.Functional Approach.Operating Approach.

Which five business-level strategies are there?

Cost, quality, distribution, technology, and intellectual property are the only five corporate tactics (IP). These five concepts, or a mixture of them, form the basis of all corporate strategy. Focusing your business on just one thing is generally the simplest to implement.

What are the three fundamental business tactics?

There are three fundamental strategy options open to firms for attaining a competitive edge, according Porter's Generic Strategies model. Cost leadership, differentiation, and focus are these.

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Risk Management: All organizations activities involve risk. Risks are events caused by uncertainties, which can have a positive or negative effect on the project objectives. All projects are unique and thus the associated risk varies between projects.
An American multinational conglomerate incorporated in New York State and headquartered in Boston operates in the following segments: aviation, healthcare, power, renewable energy, digital industry, additive manufacturing, locomotives, and venture capital and finance. The VP of Risk Management and the Director of Project Management are jointly working on a risk assessment for a new class of business ventures. Market research shows that the probability of understaffing causing costly delays is 0.5613 and the probability of natural disaster causing delays is 0.5752. The probability of both understaffing and a natural disaster is 0.3229.
Let UN = The event of understaffing causes a delay, ND = The event of a natural disaster causes a delay.
(a) What is the probability that at least one of these events causes a delay? (Round your answer to four decimal places)
Identify the correct notation AND terminology for the probability you calculated immediately above. (Select all terms that are applicable to any part of this calculation) (Select all that apply.)
P((UN∩ND)∩(UN∪ND))
P((UN∪ND)∩(UN∩ND)C)
Complement
P(ND)
Union
P(UN∪ND)
P((UN∪ND)C)
P(UN)
Disjoint
Intersection
(b) What is the probability that that neither event causes a delay? (Round your answer to four decimal places)
Identify the correct notation AND terminology for the probability you calculated immediately above. (Select all terms that are applicable to any part of this calculation) (Select all that apply.)
P((UN∩ND)∩(UN∪ND))
Intersection
Union
Complement
Disjoint
P(UN∪ND)
P(UN)
P((UN∪ND)∩(UN∩ND)C)
P(ND)
P((UN∪ND)C)
(c) What is the probability that exactly one of these events causes a delay? (Round your answer to four decimal places)
Identify the correct notation AND terminology for the probability you calculated immediately above. (Select all terms that are applicable to any part of this calculation) (Select all that apply.)
P((UN∪ND)∩(UN∩ND)C)
P(ND)
Intersection
Disjoint
P((UN∪ND)C)
Complement
P((UN∩ND)∩(UN∪ND))
P(UN)
Union
P(UN∪ND)
Are the events UN and ND independent? Why or why not? (Select all that apply.)
Yes
The probability of both events occurring is equal to the product of their unconditional probabilities.
Because P(UN∩ND) = P(UN) × P(ND), these events must be independent.
Because P(UN∩ND) ≠ P(UN) × P(ND), these events must NOT be independent.
No The probability of both events occurring is equal to the product of their conditional probabilities.

Answers

a. The probability that at least one of the events causes a delay is 0.8136, and the correct notation is P(UN∪ND).

b. The probability that neither event causes a delay is 0.1864, and the correct notation is P((UN∪ND)C).

c. The probability that exactly one of the events causes a delay is 0.6284, and the correct notation is P((UN∩ND)∩(UN∪ND)C)

a. The probability that at least one of the events (understaffing or natural disaster) causes a delay is 0.8136.

The correct notation and terminology for the probability calculated above is P(UN∪ND), which represents the probability of the union of events UN (understaffing causes a delay) and ND (natural disaster causes a delay).

b. The probability that neither event causes a delay is 0.1864.

The correct notation and terminology for the probability calculated above is P((UN∪ND)C), which represents the complement of the union of events UN and ND.

c. The probability that exactly one of the events causes a delay is 0.6284.

The correct notation and terminology for the probability calculated above is P((UN∩ND)∩(UN∪ND)C), which represents the intersection of event UN and the complement of the union of events UN and ND.

The events UN (understaffing causes a delay) and ND (natural disaster causes a delay) are not independent. This is because the probability of both events occurring, P(UN∩ND), is not equal to the product of their unconditional probabilities, P(UN) × P(ND). Therefore, the events UN and ND are dependent.

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1. In the context of management process, which of the following best describes the process of controlling?
A. It is the process of setting objectives and determining what should be done to accomplish them.
B. It is process of assigning tasks, allocating resources, and coordinating work activities.
C. It is the process of arousing enthusiasm and inspiring efforts to achieve goals.
D. It is the process of measuring performance and taking actions to ensure desired results.
E. It is the process of developing action priorities for accomplishing goals and plans.
2. According to Mintzberg, a manager's informational role involves being a:
A. leader.
b. Disturbance handler.
c. Resource allocator.
d. Disseminator.
e. Entrepreneur.
3. MBO is a technique which requires that the objectives of the enterprise:
a. be written and defined in broad terms.
b. lay down the time period for achieving the desired results.
c. includes a plan of action for achieving the desired result.
d. be defined in terms of measurable results.
4. ___________ are in charge of relatively large departments or divisions consisting of several smaller work units.
a. Top managers.
b. Middle managers
c. Team leaders
d. General managers
e. Project managers.
5. A plant manager who oversees the purchasing manufacturing, warehousing, sales, and personal functions may be described as a.
a. General manager
b. administrator
c. functional manager
d. staff manager
e. project manager.
6. Linda assigns Brian a project to be completed by the end of the month and holds periodic meetings with him to review his progress. Which of the management function is Linda performing?
a. Delegating
b. planning
c. organising
d. leading
e. controlling.
7. Applejack is clothes manufacturing company. Though the company has been effective in managing its resources without any wastage. Its productivity efficiency report shows a decrease in the year 2021 when compared to the previous year this outcome indicates that its productivity is:
a. Efficient but not effective
b. neither effective nor efficient
c. effective and efficient
d. effective but not efficient.
8. In Line and Staff organisation, the authority lies in
a. Line
b. Staff
c. Both Line and staff
d. None of the above
9. Johanna is a software engineer and develop games for ABC.com. Which of the following skills Is most likely to be used by Johanna for fulfilling her job responsibilities.
a. financial skills
b. Gross motor skills
c. interpersonal skills
d. human skills
e. technical skills.
10. If a general manager asked the sales manager to recruit some salesman on his behalf an instance of:
a. Decentralization of authority.
b. Division of authority.
C. Delegation of authority.
d. Delegation of responsibility.

Answers

1. In the context of the management process, the process of controlling best describes option D: It is the process of measuring performance and taking actions to ensure desired results.

2. According to Mintzberg, a manager's informational role involves being a D: Disseminator.

3. MBO (Management by Objectives) is a technique which requires that the objectives of the enterprise be D: defined in terms of measurable results.

4. Middle managers (option B) are in charge of relatively large departments or divisions consisting of several smaller work units.

5. A plant manager who oversees the purchasing, manufacturing, warehousing, sales, and personnel functions may be described as an A: General manager.

6. In this situation, Linda is performing management function E: Controlling.

7. In the case of Applejack, its productivity outcome indicates that it is D: effective but not efficient.

8. In Line and Staff organization, the authority lies in C: Both Line and Staff.

9. As a software engineer, Johanna is most likely to use E: Technical skills for fulfilling her job responsibilities.

10. If a general manager asks the sales manager to recruit some salesmen on his behalf, it is an instance of C: Delegation of authority.

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The product of 59,736 and 600 is
A) 29,868,000
B) 34,761,600
C) 35,625,600
D) 35,841,600​

Answers

Answer:

D) 35,841,600

Explanation:

I Hope That's Correct ✓ :)

how are you avalon23413?

Answers

Answer:

im great

Explanation:

Answer:

I’m doing well !! I hope you’re are going good too

Explanation:

the eisp component of provides informatino on the importance of infosec in the organization

Answers

The EISP component provides information on the importance of information security in the organization - True

Information on the significance of information security in the organisation is especially provided by the EISP (Enterprise Information Security Policy) component. The organization's general approach and structure for information security are described in the EISP, a policy document. Information security-related high-level declarations, objectives, duties, and recommendations are frequently included.

Even while the EISP may discuss the value of information security within the company, its main goal is to offer a thorough and organized framework for managing and protecting information assets. It assigns roles and duties, outlines procedures, and lays the basis for establishing and maintaining efficient information security practises across the organisation. It also defines the organization's security goals.

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Complete Question:

The EISP component provides information on the importance of information security in the organization - True/False

Curtis Salter, the president of Kasimer Computer Services, needs your help. He wonders about the potential effects on the firm’s net income if he changes the service rate that the firm charges its customers. The following basic data pertain to fiscal year 2015.

Standard rate and variable costs
Service rate per hour $ 88.00
Labor cost 32.00
Overhead cost 7.20
Selling, general, and administrative cost 4.20
Expected fixed costs
Facility maintenance $ 520,000
Selling, general, and administrative 141,000
Required
a.
Prepare the pro forma income statement that would appear in the master budget if the firm expects to provide 40,000 hours of services in 2015.


b.
A marketing consultant suggests to Mr. Salter that the service rate may affect the number of service hours that the firm can achieve. According to the consultant’s analysis, if Kasimer charges customers $83 per hour, the firm can achieve 45,000 hours of services. Prepare a flexible budget using the consultant’s assumption.


c.
The same consultant also suggests that if the firm raises its rate to $93 per hour, the number of service hours will decline to 33,000. Prepare a flexible budget using the new assumption.

Answers

The net income of master budget if the firm expects to provide 40,000 hours of services in 2015 is $1,123,000. The flexible budget using the consultant’s assumption that if Kasimer charges customers $83 per hour, the firm can achieve 45,000 hours of services is $1,121,000.

a. Pro forma income statement that would appear in the master budget if the firm expects to provide 40,000 hours of services in 2015.Solution: Calculation of variable cost per hour is as follows:

Labor cost per hour + Overhead cost per hour + Selling, general, and administrative cost per hour= $32.00 + $7.20 + $4.20 = $43.40 per hour.

Service revenue = 40,000 hours × $88.00 per hour = $3,520,000

Labor cost = 40,000 hours × $32.00 per hour = $1,280,000

Overhead cost = 40,000 hours × $7.20 per hour = $288,000

Selling, general, and administrative cost = 40,000 hours × $4.20 per hour = $168,000

Total variable costs = $1,736,000

Net income = Service revenue - Total variable costs - Fixed costs

Selling, general, and administrative cost = $3,520,000 - $1,736,000 - $661,000= $1,123,000

Therefore, the pro forma income statement that would appear in the master budget if the firm expects to provide 40,000 hours of services in 2015 is:

Service revenue $3,520,000

Less: Variable costs Labor cost 1,280,000

Overhead cost 288,000

Selling, general, and administrative cost 168,000 1,736,000

Contribution margin 1,784,000

Less: Fixed costs Facility maintenance 520,000

Selling, general, and administrative cost 141,000 661,000

Net income $1,123,000

b. The flexible budget using the consultant’s assumption that if Kasimer charges customers $83 per hour, the firm can achieve 45,000 hours of services is calculated as follows:

Solution: Service revenue = 45,000 hours × $83.00 per hour = $3,735,000

Labor cost = 45,000 hours × $32.00 per hour = $1,440,000

Overhead cost = 45,000 hours × $7.20 per hour = $324,000

Selling, general, and administrative cost = 45,000 hours × $4.20 per hour = $189,000

Total variable costs = $1,953,000

Contribution margin = $3,735,000 - $1,953,000 = $1,782,000

Facility maintenance = $520,000

Selling, general, and administrative cost = $141,000

Total fixed costs = $661,000

Net income = Contribution margin - Fixed costs

Net income = $1,782,000 - $661,000= $1,121,000

Therefore, the flexible budget using the consultant’s assumption that if Kasimer charges customers $83 per hour, the firm can achieve 45,000 hours of services is as follows:

Service revenue $3,735,000

Less: Variable costs Labor cost 1,440,000

Overhead cost 324,000

Selling, general, and administrative cost 189,000 1,953,000

Contribution margin 1,782,000

Less: Fixed costs Facility maintenance 520,000

Selling, general, and administrative cost 141,000 661,000

Net income $1,121,000

c. The flexible budget using the consultant’s assumption that if the firm raises its rate to $93 per hour, the number of service hours will decline to 33,000 is calculated as follows:

Solution: Service revenue = 33,000 hours × $93.00 per hour = $3,069,000

Labor cost = 33,000 hours × $32.00 per hour = $1,056,000

Overhead cost = 33,000 hours × $7.20 per hour = $237,600

Selling, general, and administrative cost = 33,000 hours × $4.20 per hour = $138,600

Total variable costs = $1,432,200

Contribution margin = $3,069,000 - $1,432,200 = $1,636,800

Facility maintenance = $520,000

Selling, general, and administrative cost = $141,000

Total fixed costs = $661,000

Net income = Contribution margin - Fixed costs

Net income = $1,636,800 - $661,000= $975,800

Therefore, the flexible budget using the consultant’s assumption that if the firm raises its rate to $93 per hour, the number of service hours will decline to 33,000 is as follows:

Service revenue $3,069,000

Less: Variable costs Labor cost 1,056,000

Overhead cost 237,600

Selling, general, and administrative cost 138,600 1,432,200

Contribution margin 1,636,800

Less: Fixed costs Facility maintenance 520,000

Selling, general, and administrative cost 141,000 661,000

Net income $975,800

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After analyzing your menu, you find that food sales are $1,200 and beverage sales are $800. Your average gross margin for food and beverage is 67%. Which is more profitable, food or beverage

Answers

Answer:

Food is more profitable

Explanation:

The formula for calculating the gross margin ratio is as below.

Gross margin ratio= gross profit/ net sales.

Therefore, gross profit=  net sales x gross profit ratio

in this case:

The gross profit ratio is 67%

gross profits from food sales

=1200 x (67/100)

=$804

Gross profit from beverages

=$800 x ( 67 /100)

=$536

Gross  profit from food sales is higher than that of beverages

Food is more profitable

Answer:

C. Cant tell from the data

Explanation:

How can avoiding speeding tickets affect an automobile insurance policy?
O It can make it hard to file a claim.
O It can help keep premiums down.
O It can raise the price of premiums.
O It can make it difficult to share risk.

Answers

it can help keeps premiums down.

The avoidance of speeding tickets can affect an automobile insurance policy as It can help keep premiums down.

What is speeding ticket?

The term speeding ticket is known to be a form of ticket that is written as a  piece of paper that is said to be given only by a police officer to a person who was fount to be driving too fast and that tells the given amount of  fine that the driver will pay.

Note that when there is low rate or an avoidance of speeding tickets, it can influence an automobile insurance policy as It can bring about a reduction in premiums.

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Which type of chart or graph shows data with distinct x and y values?
O a bar graph
O a scatter plot
O a line chart
O a pie chart

Answers

Answer:

A. a bar graph is the answer

Describe a real or made up but realistic situation in which you would want to use revolving credit. (2-4 sentences)

Answers

An example of when a revolving credit is used is when a person makes use of a credit card to make a payment.

What is a revolving credit ?

Revolving credit is a form of credit that does not have a fixed number of payments. It allows the holder of the revolving credit to borrow repeatedly until a maximum amount is reached.

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As an HR strategic partners, it is important that we hire for specific skills that fit the position. We should analyze pay in accordance with finance to see what monies are available for a particular position and how to we compensate properly in the beginning for experience, skills, and wisdom. What would your conversation look like with the C-Suite staff to ensure everyone is onboard with the compensation structure and how money could be saved?

Answers

The conversation with the C-Suite staff regarding the compensation structure and cost-saving measures would focus on aligning hiring decisions with specific skills, analyzing pay in accordance with available finances, and ensuring proper compensation for experience, skills, and wisdom.

In the conversation with the C-Suite staff, I would emphasize the importance of hiring for specific skills that align with the position requirements. By focusing on skill-based hiring, we can ensure that we have the right talent in place to drive the organization's success.

I would then discuss the need to analyze pay in accordance with the organization's financial resources. This would involve understanding the budget available for each position and finding the balance between attracting top talent and managing costs effectively.

To gain their support and ensure everyone is onboard, I would emphasize the importance of properly compensating employees based on their experience, skills, and wisdom. By rewarding employees fairly from the beginning, we can attract and retain top talent while fostering a culture of fairness and motivation.

Additionally, I would highlight the potential cost-saving opportunities in the compensation structure, such as exploring alternative benefits or performance-based incentives, to optimize resource allocation and maximize the return on investment.

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A shoe factory sells a certain brand of shoes for $50 per pair. After a celebrity
is seen wearing the shoes at an awards show, demand for the shoes goes up
rapidly. As a result, the factory is able to increase the price to $300 per pair.
According to the law of supply, what would you expect to happen next?
O A. The factory would try to decrease demand for the shoes.
O B. The factory would try to increase its supply of the shoes.
O C. The factory would decrease the quantity supplied of the shoes.
O D. The factory would try to lower the equilibrium price for the shoes.

Answers

Answer:

B

Explanation:

The factory would most likely take advantage of this situation, and try to sell more of the shoes at a higher price, for the greater profit.

A,B and D do not make sense as the factory would then either be making less money or not profiting at all.

What would you expect to happen next is B. The factory would try to increase its supply of the shoes.

Based on the law of supply the  factory would tend to produce or manufacture more of the shoes as the demand for the shoes has .increased

Therefore The higher the demand for the shoes the higher the supply will be  which inturn means that the company will have to increase their production in order to meet the needs of their consumer.

This will lead to increase in profit for the company as they have increase the price of the shoes from $50 to $300 per pair due to increase in demand.

Inconclusion What would you expect to happen next is B. The factory would try to increase its supply of the shoes.

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You manufacture 50 skis a day that are all sold to a retail store. Your capacity to produce skis is 60 skis per day. You produce skis seven days a week. You have received an additional order to supply a second retail store with 320 skis one month from today. Based on your current responsibility to the first retail store, can you satisfy this second sales order knowing the capacity of your manufacturing business?

Answers

Answer:

No. You need 32 days to meet the additional order, which is slightly more than a month (30 days).

Explanation:

With current manufacture at 50 skis/day,

and total capacity at 60 skis/day,

Excess capacity = 60 - 50 = 10 skis/day

This means in a month of 30 days (since you manufacture 7 days a week, all round), excess capacity can produce a total of 10 * 30 = 300 skis.

Therefore, you will not be able to meet the additional order to supply a second retail store with 320 skis in one month from today.

The number of days required to meet the order of 320 skis = \(\frac{320}{10(excess capacity)}\) = 32 days.

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