Answer:
Correct answer is (A)
Explanation:
Product X because it has less certain demand.
Product X has a higher standard deviation of demand, its optimal order quantity is greater given the same mean and critical ratio.
Wheeler Company can produce a product that incurs the following costs per unit: direct materials, $9.10; direct labor, $23.10, and overhead, $15.10. An outside supplier has offered to sell the product to Wheeler for $42.56.
If Wheeler buys from the supplier, it will still incur 40% of its overhead cost.Compute the net incremental cost or savings of buying. Select:a. $3.75 savings per unit.b. $3.75 cost per unit.c. $1.30 cost per unit.d. $4.32 cost per unit.$1.30 savings per unit.
Answer:
c. $1.30 cost per unit.
Explanation:
Wheeler Company
Total Cost per unit if Wheeler Company produce a product:
Total Cost = Direct Material + Direct Labor + Overhead
Total Cost = $9.10 + $23.10 + $15.10
Total Cost = $47.30 cost per unit --------------Option 1
Total Cost per unit if a product is purchased from outside supplier:
Total Cost = Purchase Price + 40% of Overhead Cost
Total Cost = $42.56 + ($15.10 x 0.40)
Total Cost = $42.56 + $6.04
Total Cost = $48.60 cost per unit --------------Option 2
Now we can calculate the Net Incremental Cost or Savings of buying as follows:
Net Incremental Cost = Option 2 - Option 1
Net Incremental Cost = $48.60 - $47.30
Net Incremental Cost = $1.30 cost per unit
Three examples of oligopolies in the United States are industries that produce or sell A. DVDs, college textbooks, and breakfast cereal. B. automobiles, athletic footware, and cigarettes. C. first minus class mail delivery, dog and cat food, and pharmaceutical drugs. D. groceries in supermarkets, toys, and aircraft. E. apples, pharmaceutical drugs, and beer.
Answer: Option B
Explanation: In simple words, oligopoly refers to a market structure in which there are small number of firms, each operating at a high level, that dominate the whole industry.
Generally these firms are dependent on each other and compete on the basis of other factors than price. The products sold by the firms in these industries are not perfect substitute of each other and possess some minor differences.
The entry and exit in these industries is quite difficult due to high rules and regulations and heavy investments.Thus, from the above we can conclude that the correct option is B.
Oligopolies are markets dominated by a few large firms. Such markets in the U.S. include the automobile, athletic footwear, and cigarette industries, where companies such as General Motors, Ford, Nike, Adidas, Philip Morris and Reynolds American hold the majority of market share.
Explanation:Oligopolies are market structures characterized by a small number of large firms holding the majority of market share. These markets sit somewhere between perfect competition and monopolies, with companies mutually interdependent on each others decisions regarding output, prices, and advertising. Their behaviour may fluctuate between acting like perfect competitors, driving costs down, or acting like a monopoly, if they collude and drive prices up.
Three examples of oligopolies in the United States are the industries that produce or sell automobiles, athletic footware, and cigarettes (Option B). The automobile industry, for instance, is dominated by a small number of large corporations, like General Motors, Ford, and Chrysler. Similarly, the athletic footwear market is largely controlled by firms like Nike and Adidas. The cigarette industry is another example, with major firms like Philip Morris and Reynolds American controlling a great part of the market.
Learn more about Oligopolies here:https://brainly.com/question/18686878
#SPJ6
It has been observed that whenever one imported beer distributor raises its price, other imported beer distributors quickly raise their price as well. Such behavior is characteristic of:
(A) price leadership.
(B) the kinked-demand curve model of oligopoly.
(C) the barometric-firm model of price leadership.
(D) explicit collusion.
Leandro has 16 hours per day that he can allocate to work or leisure. His job pays a wage rate of $20. Leandro decides to consume 8 hours of leisure. His indifference curves have the usual shape: they slope downward, they do not cross, and they have the characteristic convex shape. Draw Leandro's time allocation budget line for a typical day, with income on the vertical axis and hours of leisure on the horizontal axis. Then illustrate the indifference curve at his optimal choice. Based on the graph, choose the correct statement.
a. If Leandro chooses to consume 8 hours of leisure, then his income would be $320.
b. At his chosen bundle, Leandro will work for 8 hours, and his income would be $160.
c. The slope of the time allocation budget line is 20.
d. The opportunity cost of leisure is 20.
Answer: A. If Leandro chooses to consume 8 hours of leisure, then his income would be $320
Explanation:
As the question states that Leandro spends 8 hours out of 16 hours in leisure time. If Leandro spends all the 16 hours in work he would earn (16 x $20) = $320.
I have attached the picture of the graph for understanding.
The graph indicates that the correct statement is D. The opportunity cost of leisure is 20.
What is opportunity cost?The opportunity cost of a particular activity option is the loss of value or benefit that would be incurred by engaging in that activity.
On a typical day, maximum income or consumption Leonardo can have I =(16-L)20 where L= his leisure time and wage rate per hour =20.
In this case, to consume one hour of leisure Leonardo have to give up 20 dollars of income that he could have earned from working. Therefore, the opportunity cost of leisure is 20.
Learn more about opportunity cost on:
https://brainly.com/question/481029
Marigold Corporation has retained earnings of $684,800 at January 1, 2020. Net income during 2020 was $1,690,600, and cash dividends declared and paid during 2020 totaled $84,200. Prepare a retained earnings statement for the year ended December 31, 2020
Answer:
Explanation:
The preparation of the retained earnings statement for the year ended December 31, 2020 is presented below:
Marigold Corporation
Retained Earning statement
For the year ended December 31, 2020
Beginning balance of retained earning $684,800
Add: Net income $1,690,600
Less: Cash Dividend paid -$84,200
Ending balance of retained earning $2,291,200
Final answer:
This detailed answer provides a clear explanation of how to prepare a retained earnings statement for Marigold Corporation for the year ended December 31, 2020.
Explanation:
Retained Earnings Statement for Marigold Corporation:
Retained Earnings at January 1, 2020: $684,800
Net Income for 2020: $1,690,600
Cash Dividends Declared and Paid: $84,200
Calculation: Beginning Retained Earnings + Net Income - Dividends = Ending Retained Earnings
Calculation: $684,800 + $1,690,600 - $84,200 = Ending Retained Earnings
Ending Retained Earnings for Marigold Corporation at December 31, 2020: $2,291,200
Plainville Corporation has the following data, in thousands. Assuming a 365-day year, what is the firm's cash conversion cycle? Annual sales = $600,000 Annual cost of goods sold = $360,000 Inventory = $75,000 Accounts receivable = $160,000 Accounts payable = $25,000
a. 120.6 days
b. 126.9 days
c. 133.6 days
d. 140.6 days
e. 148.0 days
Answer:
Inventory cycle = Inventory x 365 days
Cost of goods sold
Inventory cycle = $75,000 x 365 days
$360,000
= 76.04 days
Receivable days = Accounts receivable x 365 days
Sales
= $160,000 x 365 days
$600,000
= 97.33 days
Payable days = Accounts payable x 365 days
Cost of sales
= $25,000 x 365 days
$360,000
= 25.35 days
Cash conversion cycle
= Inventory cycle + Receivable days - Payable days
= 76.04 days + 97.33 days - 25.35 days
= 148.0 days
Explanation:
Cash conversion cycle is calculated as raw inventory cycle plus receivable days minus payable days. Inventory cycle is the ratio of inventory to cost of goods sold multiplied by number of days in a year. Receivable days refer to the ratio of accounts receivable to sales multiplied by number of days in a year. Payable day is the ratio of accounts payable to cost of goods sold multiplied by number of days in a year.
What idea did both the Regulators and Stamp Act Congress share? a. Colonial governors should make decisions unilaterally. b. Boycotts did not work as a means of protest. c. Colonists wanted to be represented in the government. d. There should be no taxes under any circumstances. e. Native Americans should remain in control of land west of the Appalachians.
Answer:
the correct answer is
c. Colonists wanted to be represented in the government.
good luck
Both the Regulators and the Stamp Act Congress held the view that colonists wanted to be represented in the government, protesting against British-imposed taxation without such representation.
The idea that both the Regulators and Stamp Act Congress shared was that colonists wanted to be represented in the government. This concept is famously encapsulated in the slogan “no taxation without representation.” Both groups believed that it was unjust for the British Parliament to impose taxes on the colonies without the colonies having representatives in Parliament. The Stamp Act Congress drafted the Declaration of Rights and Grievances, which protested taxation without representation, while influential writings like John Dickinson's “Letters from a Pennsylvania Farmer” echoed the sentiment that colonists were being treated as slaves due to the lack of consent in taxation. Furthermore, organized boycotts and protests by the colonists put economic pressure on British goods, indicating their united stance on the desire for representation and fair treatment under British governance.
A corporation issues 50 packages of securities for $154 per package. Each package consists of three shares of $5 par common stock and one share of $50 par preferred stock.If the market values of $40 per share for the common stock and $100 per share for preferred stock are known, the journal entry to record the sale would assign a total value to the preferred stock (preferred +APIC on preferred) of A. $ 3,500 B. $ 4,200 C. $ 5,775 D. $ 6,000
Answer:
Market value of the stocks $
Market value of common stocks (3 shares x $40) 120
Market value of preferred stock ( 1 share x $100) 100
Total market value of the stocks 220
Total value of 50 packages of securities
= 50 x $154
= $7,700
The total value of preferred stocks
= $100/$220 x $7,700
= $3,500
The correct answer is A
Explanation:
There is need to calculate the market value of the two stocks by multiplying the units of each stock by their respective current market price. Then, we will determine the total value of the 50 packages of securities, Finally, we will determine the total value to be assigned to preferred stock, which is the market value of preferred stock divided by the total market value multiplied by the total value of 50 packages of securities.
Assume that the current price of a market basket of goods is $2,500 and the base year price of the same market basket is $2,000. The current price index is
A. 2500.
B. 125.
C. 200.
D. 250.
Answer:
The correct answer is B.
Explanation:
Giving the following information:
The current price of a market basket of goods is $2,500 and the base year price of the same market basket is $2,000.
To calculate the price index we need to make a simple division:
Price index= P1/P0
PI= 2,500/2,000= 1.25*100= 125%
The current price index, calculated using the formula (Current Cost / Base Period Cost) × 100, with given values equates to 125, making the right choice B. 125.
The question involves calculating the current price index given the current and base year prices of a market basket of goods. The formula to compute the price index is (Current Cost of the Market Basket / Base Period Cost of the Market Basket) × 100. Using the provided numbers, the calculation is (\(\frac{2500}{2000}\) × 100), which equals 125. Therefore, the correct answer is B. 125.
Martin is offered an investment where for $6000 today, he will receive $6180 in one year. He decides to borrow $6000 from the bank to make this investment. What is the maximum interest rate the bank needs to offer on the loan if Martin is at least to break even on this investment?A) 3%B) 4%C) 2%D) 1%
Answer:
maximum interest rate = 3%
so correct option is A) 3%
Explanation:
given data
investment = $6000
receive = $6180
borrow = $6000
to find out
maximum interest rate bank needs to offer on the loan
solution
we consider here maximum interest rate bank needs to offer is = r
so value of investment will be express here as
value of investment = amount to be borrowed × ( 1 + r ) ................1
put here value we get rate r
6180 = 6000 × ( 1 + r )
solve it we get
rate = 0.03
maximum interest rate = 3%
so correct option is A) 3%
A company provided the following data:Selling price per unit $60Variable cost per unit 40Total fixed costs 400,000How many units must be sold to earn a profit of $40,000?
a. 2,000b. 20,000c. 22,000d. 8,500e. 23,333
Answer:
Option (C) is correct.
Explanation:
Sale - Variable cost = Contribution Margin
Contribution Margin - Fixed cost = Profit
(Selling Price – Variable cost) × No of units sold = Target profit + Fixed costs
($60 - $40) × No of units sold = $40,000 + $400,000
($20) × No of units sold = $440,000
No. of units sold = 22,000 units
In order to earn a profit of $40,000, the company must sell 22,000 units.
On January 1, Year 1, Weller Company issued bonds with a $260,000 face value, a stated rate of interest of 10.00%, and a 10-year term to maturity. Weller uses the effective interest method to amortize bond discounts and premiums. The market rate of interest on the date of issuance was 8.00%. Interest is paid annually on December 31. Assuming Weller issued the bond for $280,640, what is the amount of interest expense that will be recognized during Year 3
Answer: I would attend to this question tomorrow. Hang on.
Explanation:
Yang converted her personal residence to rental property ten years ago. At the time of conversion, the fair market value of the house was $60,000. After taking depreciation deductions of $12,000, Yang sells the house for $68,000. If Yang paid $50,000 for the house, her adjusted basis in the house is:a. $30,000.b. $38,000.c. $48,000.d. $50,000.e. $60,000.
Answer:
c. $48,000
Explanation:
The adjusted basis is the fair value less/plus adjustments done by any consideration for tax experts. As adjustments, you can consider legal fees, restoration of damaged property, insurances, depreciation, etc. In this case, it is stated that depreciation was $12,000 and the Fair Value was $60,000. Therefore, the adjusted basis is 60,000-12,000 = 48,000
According to purchasing power parity, if the Federal Reserve increased the money supply leading to higher U.S. inflation, then
(a) U.S. prices would rise and the nominal exchange rate would rise.
(b) U.S. prices would rise and the nominal exchange rate would fall.
(c) U.S. prices would fall and the nominal exchange rate would rise.
(d) U.S. prices and the nominal exchange rate would fall.
Answer:
b. U.S. prices would rise and the nominal exchange rate would fall.
Explanation:
The increased inflation increases the US prices and the exchange rate falls because import from US decreases and the US start importing more so the value of dollar decreases.
The overall learning goals for an educational program like the one you’re taking are called _______.
A. grades
B. objectives
C. credits
D. lessons
Macrosoft Company reports net income of $59,000. The accounting records reveal depreciation expense of $74,000 as well as increases in prepaid rent, accounts payable, and income tax payable of $54,000, $10,000, and $15,000, respectively. Prepare the operating activities section of Macrosoft's statement of cash flows using the indirect method.
Answer:
Cash flow from Operations Amount in $
Net income 59,000
Depreciation expense 74,000
Increase in prepaid rent (54,000)
Increase in accounts payable 10,000
Increase in income tax payable 15,000
Net cash flows from operations 104,000
Explanation:
Information given about Macrosoft Company
Net income = $59,000
Depreciation expense = $74,000
Prepaid rent = $54,000
Accounts payable = $10,000
Income tax payable = $15,000
Cash flow from Operations Amount in $
Net income 59,000
Depreciation expense 74,000
Increase in prepaid rent (54,000)
Increase in accounts payable 10,000
Increase in income tax payable 15,000
Net cash flows from operations 104,000
On January 1, 2021, the Mason Manufacturing Company began construction of a building to be used as its office headquarters. The building was completed on September 30, 2022. Expenditures on the project were as follows:
January 1, 2021 $ 1,940,000
March 1, 2021 1,680,000
June 30, 2021 1,880,000
October 1, 2021 1,680,000
January 31, 2022 432,000
April 30, 2022 765,000
August 31, 2022 1,062,000
On January 1, 2021, the company obtained a $4,800,000 construction loan with a 14% interest rate. The loan was outstanding all of 2021 and 2022. The company’s other interest-bearing debt included two long-term notes of $3,000,000 and $7,000,000 with interest rates of 6% and 10%, respectively. Both notes were outstanding during all of 2021 and 2022. Interest is paid annually on all debt. The company’s fiscal year-end is December 31.
Required:
1. Calculate the amount of interest that Mason should capitalize in 2021 and 2022 using the specific interest method.
2. What is the total cost of the building?
3. Calculate the amount of interest expense that will appear in the 2021 and 2022 income statements.
Answer
The answer and procedures of the exercise are attached in the following archives.
Step-by-step explanation:
You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.
1. The amount of interest that Mason should capitalize in 2021 and 2022 using the specific interest method is $1,552,000 and $1,259,000, respectively.
2. The total cost of the building is $12,250,000.
3. The amount of interest that will appear in the 2021 and 2022 income statements is $0, respectively.
How is the specific interest method different from the weighted average method?The difference is that the specific interest method capitalizes the interest on each individual loan and the weighted average method combines all the debt and averages the interest payments on each loan to determine a weighted average interest rate.
Data and Calculations:Specific Loans:
January 1, 2021 Construction Loan = $4,800,000
Interest rate of construciton loan = 14%
Interest for the construction loan = $672,000 ($4,800,000 x 14%)
Interests on the Long-term Notes Payable:
$3,000,000 at 6% = $180,000 ($3,000,000 x 6%)
$7,000,000 at 10% = $700,000 ($7,000,000 x 10%)
Total interest expense for 2021 = $1,552,000 ($672,000 + $180,000 + $700,000)
Interests on the Long-term Notes Payable:
$3,000,000 at 6% = $120,000 ($3,000,000 x 6% x 8/12)
$7,000,000 at 10% = $467,000 ($7,000,000 x 10% x 8/12)
Total interest expense for 2022 = $1,259,000 ($672,000 + $120,000 + $467,000)
Total Costs of Building:January 1, 2021 $ 1,940,000
March 1, 2021 1,680,000
June 30, 2021 1,880,000
October 1, 2021 1,680,000
Total interest expense for 2021 $1,552,000
January 31, 2022 432,000
April 30, 2022 765,000
August 31, 2022 1,062,000
Total interest expense for 2022 $1,259,000
Total cost of building = $12,250,000
Learn more about capitalized interests at https://brainly.com/question/25611785
#SPJ2
The government has the ability to influence the level of output in the short run using monetary and fiscal policy. There is some disagreement as to whether the government should attempt to stabilize the economy.
1. Which of the following are arguments in favor of active stabilization policy by the government? Check all that apply.
a) Shifts in aggregate demand are often the result of waves of pessimism or optimism among consumers and businesses.
b) The current tax system acts as an automatic stabilizer.
c) Businesses make investment plans many month in advance.
d) The Fed can effectively respond to excessive pessimism by expanding the money supply and lowering interest rates.
2. Which of the following are examples of automatic stabilization? Check all that apply.
a) Corporate income taxes
b) Personal income taxes
c) Unemployment insurance benefits
Answer:
1. a. b. and d.
2. a and c
Explanation:
Stabilizers can aggressively change fluctuations in the business cycle if they are not based on actual facts.
Automatic stabilizers are so called because they act to stabilize economic cycles and are automatically triggered without additional government action.
Binding arbitration:
A. should be used to settle disputes only if the principle of caveat emptor does not apply.
B. requires that a terminated project be completed before damages are awarded.
C. requires empanelment of equal numbers from both the client and project organizations to reach a verdict.
D. can settle outstanding claims or disputes provided that all parties agree to its use.
Answer:D. can settle outstanding claims or disputes provided that all parties agree to its use.
Explanation: Binding arbitration is a type of arbitration/ dispute resolution where both parties involved in the dispute/ conflict choose a mediator mainly a legal practitioner and accepted to stand by the decision of the Binding arbitrator.
This type of arbitration is in contrast to non Binding arbitration where both parties are may not accept the decision of the arbitrator. Binding
Arbitration is adopted mainly in private disputes where both parties involved in the dispute agree to accept the verdicts of the trusted arbitrator.
The gross profit method of inventory valuation is not valid when a. there is substantial increase in the quantity of inventory during the year. b. there is substantial increase in the cost of inventory during the year. c. the gross margin percentage changes significantly during the year. d. all ending inventory is destroyed by fire before it can be counted.
Answer:
The gross profit method of inventory valuation is not valid when
c. the gross margin percentage changes significantly during the year.
Explanation:
Gross Profit Method:
It is such method that is used to determine the value of ending inventory in a specific period.
The option a, b and d are valid as this method is used when there is substantial increase in the quantity of inventory or in the cost of the inventory during the year. Moreover, it is also used to calculate the amount of ending inventory that is effected by a disaster such as fire, theft etc.The option c is not valid because it is not used when the gross margin percentage changes significantly during the year as gross profit method is only used to determine the amount of an ending inventory.The gross profit method of inventory valuation is not valid in certain scenarios such as substantial increases in quantity or cost of inventory, significant changes in gross margin percentage, or when all ending inventory is destroyed by fire.
Explanation:The gross profit method of inventory valuation is not valid when there is a substantial increase in the quantity of inventory during the year, a substantial increase in the cost of inventory during the year, or when the gross margin percentage changes significantly during the year. It is also not valid when all ending inventory is destroyed by fire before it can be counted.
Learn more about Inventory valuation here:https://brainly.com/question/32379785
#SPJ2
Zoe is trying to decide how to divide her time between her job as a wedding photographer, which pays $40 per hour for as many hours as she chooses to work, and as a rock collector, in which case her pay depends both on the price of the rocks and the number of them she finds. These are special rocks so they have value! Earnings aside, Zoe is indifferent between the two jobs. The number of rocks she can expect to find depends on the number of hours she searches:Hours per day Total rocks per day0 01 72 133 174 205 21a. The marginal cost of spending one hour hunting for rocks is equal to $________ .b. If the price per rock is $10 then the marginal benefit of spending one hour hunting for rocks is equal to $______ .c. If the price per rock is $20, then her best choice is to spend ______ hours hunting for rocks.d. If the price per rock falls to $10 then her best choice is to spend ________ hours hunting for rocks.
Answer:
Explanation:
a. Marginal benefit is an additional gain of benefit arises from the production of an additional unit of good.
b. if the price per rock is $10 dollars, the marginal benefit will be;
rock collected in an hour x price
7 x 20 = $140.
c. from the attached table, Zoe will make a maximum marginal benefit $140 for working for an hour.
d. from the attached table, Zoe will make a maximum of $70 dollars for working for an hour, beyond that the marginal benefit will begin to reduce.
A company's Inventory balance at the end of the year was $204,200 and $218,000 at the beginning of the year. Its Accounts Payable balance at the end of the year was $102,000 and $96,200 at the beginning of the year, and its cost of goods sold for the year was $738,000. The company's total amount of cash payments for merchandise during the year equals:
a $738,000.
b $746,000.
c $757,600.
d $718,400.
Answer:
b $746,000
Explanation:
the amount purchased in year = cost of good sold + Inventory at beginning - Inventory at end = $738,000 + $218,000 - $204,200 = $751,800
The cash payments for merchandise during the year = Account Payable (AP) at beginning - AP at end + Amount purchased in year = $96,200 - $102,000 + $751,800 = $746,000
Which of the following taxes does not represent a common payroll deduction?
a. Federal income taxes.
b. FICA taxes.
c. State unemployment taxes.
d. State income taxes.
Answer: C - State unemployment taxes
Explanation: State unemployment taxes are payroll taxes paid by employers of labour to the state unemployment fund.
It is paid on behalf of their employees to the state and it is used by the State Government to support unemployed citizens.
The rate of State Unemployment tax is not fixed, the rate is decided by each state and can be changed annually.
Motivation at The Container Store There are many motivation theories. Part of what makes a given manager a high performer is his or her ability to motivate workers. The more managers understand about motivation, the better they are at choosing the appropriate motivational technique for given circumstances. The Container Store recognizes this and uses many types of motivational techniques. Because they are so successful at motivating employees, turnover at the Container Store is 11 percent in an industry which regularly sees 100% or greater turnover. How well can you identify the motivational theories that underlie the Container Store’s efforts? Kip Tindell and Garrett Boone founded The Container Store in Dallas, Texas, in 1978, and Tindell currently serves as CEO and chairman (Boone is chairman emeritus). When they opened their first store, they were out on the floor, trying to sell customers their storage and organization products that would economize on space and time and make purchasers’ lives a little less complicated. The Container Store has grown to include 79 stores in U.S. markets from coast to coast; whereas the original store in Dallas had only 1,600 square feet, the stores today average around 25,000 square feet. The phenomenal growth in the size of the stores has been matched by impressive growth rates in sales and profits. Managers at The Container Store are often found on the shop floor, tidying shelves and helping customers carry out their purchases. And that, perhaps, is an important clue to the secret of their success. The Container Store has been consistently ranked among Fortunemagazine’s "100 Best Companies to Work For" for 17 years running. In 2016 The Container Store was 14th on this list. Early on, Tindell and Boone recognized that people are The Container Store’s most valuable asset and that after hiring great people, one of the most important managerial tasks is motivating them. One would think motivating employees might be especially challenging in the retail industry, which has an average annual turnover rate of 100 percent or more. At The Container Store, however, annual voluntary turnover is less than 10 percent, a testament to Tindell’s and other managers’ ability to motivate
Answer:The motivational theories that underlines the container store efforts is the A. H Maslow hierarchy of need theory and F. Herzberg two factor theory,and David mccelland three need theory
Explanation:
The motivational theories that underlie the container store efforts is the A.H Maslow hierarchy of need theory and F. Herzberg two facto
Motivation : This is the process of stimulating the personnel of an organization to enable them make maximum effort towards the attainment of the objectives of the organization. It is the duty of managers to endeavour to attain the organizational objectives and this can be done through people. To achieve this goal it is absolutely essential that staff at all levels be motivated to cooperate in the organizational plan and to work as effectively as possible. There are many motivational theories some of which are
Abraham Maslow hierarchy of need theory, in this theory Maslow identified the following hierarchy of need which are
Physiological need : This are the basic need for continue existence of human beings which includes the need to satisfy hunger, clothing and shelter. These need are very significant in motivating people to work.and untill it is satisfied people cannot move on to another need.
Safety need :his is the need for protection, individuals tend to look for a measure of security of protection against lowering of living standard, and also individuals will look for security of their job.when such threats are removed then the individuals will feel safe and will be motivated by the next need
Social need: This are the need which motivate a person to enter actively into the social environment in which the person belong both at work or in the society at large. The average individuals has a deep rooted need to belong to social group and to be accepted by his or her peers..
Esteem need : This are those need which follow from self satisfaction arising out of achievement and the respect of others. This includes self respect, self discpline, and a feeling of confidence.
Self actualization : This is need becomes active when the previous four have been satisfied. It motivates a person to seek and find the activity which satisfied a person urge for creativity and drive to exercise ultimate power. For example actors, chief executive, and politicians can all be said to be attempting to satisfy this need for self fulfilment.
Frederick Herzberg hygiene theory which suggest two different categories of factors relating to people's altitude to work which he called hygiene factors and motivating factors
The hygiene factors are
(i) organizational policies and practices, organizational rules and related factors
(ii) style of supervision and management controls
(iii) scale of pay and related benefits such as sick pay,retirement pensions and security
(iv) interpersonal and social relationships within the working environment, and status within the organization
(v) working conditions, working environment, equipment and general work arrangement.
These factors relate to the conditions under which the workers operates rather than the actual work itself,because of this any improvement in a hygiene factor will have a temporary effect
Motivating factors : This have a positive and long lasting effect on the performance of workers in an organization. These motivating factors include
(i) Achievement : This is the satisfaction derived from work well done
(ii) Recogntion of achievement : The workers needs to have his efforts recognized by his superiors, which add to self esteem
(iii) The work itself, This needs to be challenging as well as rewarding, it is in this area that industrial organization motivates the workers, because work in this organization is repetitive and monotonous.
(iv) Responsibility, increased responsibility for the workers should motivate them to greater effort especially when it is associated with rewarding work
(v) self satisfaction, Actual or promised of promotion is a very positive motivation for workers as well as self development which plays an important role in ensuring satisfaction.
These satisfies according to Herzberg motivate workers in a positive way to perform a good job and for greater co-operation in aiming for organizational goals and high morale
David Mccelland three need theory
David Mccelland identified the three need theory which he called
Need for Achievement : This is the high need which are needed by the workers in an organization to achieve goals that are challenging.
Need for Affilliation : This is the need to foster friendly and close relationship with workers in the organization by the manager of the organization. Such motivate the workers to co-operate in the achievement of organizational objectives.
Need for power : This is the need for managers to direct workers in an organization to ensure that the workers actual performed the work they are expected to do in the organization.
The Container Store utilizes various motivational techniques and creates a positive work environment to effectively motivate their employees and reduce turnover rates.
Explanation:The Container Store utilizes various motivational techniques to keep their employees motivated and reduce turnover rates. One of the main reasons for their success in motivating employees is their recognition of people as their most valuable asset. Managers at The Container Store are actively involved in the day-to-day operations and are often found on the shop floor, tidying shelves and helping customers.
By demonstrating their commitment to the employees and creating a positive work environment, The Container Store is able to motivate their employees effectively. This is reflected in their low annual turnover rate of less than 10 percent, which is significantly lower than the industry average of 100 percent or more.
The Container Store's success in employee motivation can be attributed to theories such as the recognition of intrinsic motivation, the importance of a positive work environment, and the concept of empowering employees. These theories emphasize the significance of valuing employees, providing meaningful work, and enabling autonomy and growth.
Learn more about Employee Motivation here:https://brainly.com/question/34546732
#SPJ12
The company has the following beginning balances in its stockholders' equity accounts on January 1, Year 1: Common Stock, $100,000; Additional Paid-in Capital, $3,600,000; and Retained Earnings, $1,100,000. Net income for the year ended December 31, Year 1, is $510,000.Required:Prepare the stockholders' equity section of the balance sheet for the company as of December 31, Year 1.
Answer Balance sheet December31
$
Common stock. 100,000
Paid in capital. 3,600,000
Retained earnings. 1,610,000
Total. 5,310,000
Explanation:
The equity section of the balance sheet contains the equity issued and other capital provided by the owner for running the company.
The retained earnings represents balance from the previous years income accounts balance.
The current year income account balance at the year end is added to the accumulated retained earnings balance at the beginning of the year.
This is why $510,000 was added to $1,100,000.
In the bond market, the bond demanders are the ________ and the bond suppliers are the ________.
Answer:
In the bond market, the bond demanders are the lenders and the bond suppliers are the borrowers.
Explanation:
There are two operations on the bond market.
Lending, in which a participant demands a bond.
Borrowing, in which a participant supplies a bond.
So
In the bond market, the bond demanders are the lenders and the bond suppliers are the borrowers.
Several years ago, Kurt paid $15,000 for 1,000 shares of stock in ABC. During the current year ABC declares a three-for-one stock split. Shortly thereafter, Kurt sells 1,000 shares of ABC stock for $12,000. His recognized gain on the sale of the 1,000 shares is:A. $7,000.B. $2,000.C. $0.D. $12,000.E. $5,000.
Answer:
A. $7,000
Explanation:
Kurt paid $15,000 for 1,000 shares.
As ABC company declares 3-for-1 stock split, the new number of shares = 1,000 × 3 = 3,000 shares.
New purchase price of each share = $15,000 ÷ 3,000 = $5.
1,000 shares price = 1,000 × 5 = $5,000.
Kurt sells 1,000 shares for $12,000.
Therefore, recognized gain = $(12,000 - 5,000) = $7,000.
However, because of stock split, Kurt gets high profit including an unrecognized profit too.
The deadweight loss from a tax is likely to be greater with a good that has:
A. -many substitute B -an inelastic supply
C -an inelastic demandD. -few compliments
Answer:
A. -many substitute
Explanation:
Deadweight loss is inefficiency that occurs as a result of taxation. It's the change in production or consumption as a result of tax.
If tax is imposed on a good with many substitutes, the deadweight loss would be greater because consumers can easily shift consumption to another good that is cheaper.
If a good has inelastic supply or demand, the deadweight loss is less because consumers and producers do not change quantity demanded and supplied if prices increase as a result of tax.
I hope my answer helps you.
ABC Steel Co. is considering buying a new machine in order to increase its production capacity using new technology. Details about the new equipment are below: Purchase Cost $300,000 Savings offered by the new machine $62,500 per year Life of the new machine 15 years The corporate policy of ABC Steel Co. is to reject all proposal with a payback period of more than 7 years. Therefore, would ABC buy the new machine?
a. 7.2 years
b. 6.8 years
c. 4.8 years
d. 12.4 years
Answer:
payback period is lesser than 15 years we can say that they should buy the machine
so correct option is c. 4.8 years
Explanation:
given data
Purchase Cost = $300,000
Savings offered = $62,500 per year
Life of machine = 15 years
to find out
Payback period
solution
first we get here Payback period that is express as
Payback period = purchase cost ÷ savings ...........1
put here value we get
Payback period = [tex]\frac{300000}{62500}[/tex]
Payback period = 4.8 years
and here payback period is lesser than 15 years we can say that they should buy the machine
so correct option is c. 4.8 years
ABC Steel Co. would purchase the new machine since the payback period of 4.8 years is less than the company's maximum acceptable period of 7 years.
Explanation:The question asks whether ABC Steel Co. would purchase a new machine based on its payback period policy. To determine the payback period, we need to divide the initial purchase cost of the equipment by the annual savings it offers. In this case, the purchase cost is $300,000 and the savings are $62,500 per year. To calculate the payback period: $300,000 / $62,500 per year = 4.8 years. Comparing this result with the company policy, which rejects proposals with a payback period of more than 7 years, the new machine has a payback period that is well within the acceptable range. Therefore, ABC Steel Co. would likely approve the purchase of the new machine.
Organic food is grown without synthetic pesticides, chemical fertilizers or genetically modified seeds.Why is organic foods more expensive than their conventional counterparts? Describe what factors have affected and will continue to affect the demand and supply for organic foods? Describe any shifts, and make any predictions of what might happen to the prices of organic foods in the future
Explanation:
Organic foods are more expensive than conventional ones mainly by the law of supply and demand, as supply is lower than demand, the price is consequently more expensive than non-organic foods.
This is because there are few organic farms in the world due to the high cost of certifying and maintaining the environmentally and socially responsible standards required as a model on organic farms. There are also the longest factors of organic production, which are produced without pesticides and chemical fertilizers, so they grow slower and in smaller quantities.
The global trend of organic consumption tends to increase, organic consumption is already up, but due to the high price not all consumers can buy. What happens is that the consumer has the ability to change consumer relations, as interest arises and demands for such products increase, companies will be forced to change the way they produce organic food, which means it tends to popularize production, consumption more and lower price.