_______ represents what future owners will pay present owners for their business.
Recently, the owner of a trader joe's franchise decided to change how she compensated her top manager. last year, she paid him a fixed salary of $65,000 and her store made $130,000 in profits (not counting payment to her top manager). she suspected the store could do much better and feared the fixed salary was causing her top manager to shirk on the job
Net earning for owner after payment to top manager, last year = $(130,000 - 65,000) = $65,000
This year, out of the forecast profit of $270,000, Owner has to pay to the top manager = $35,000 + 16% x $270,000
= $(35,000 + 43,200) = $78,200
Net money earned by owner this year = $(270,000 - 78,200) = $191,800
Change in net owner's earning = $(191,800 - 65,000) = $126,800
Final answer:
Trader Joe's not only offers competitive pay but also creates an engaging and collaborative work environment with opportunities for professional growth, which is beneficial for employee motivation and retention.
Explanation:
The compensation strategy at Trader Joe's for their store managers and employees can have a significant impact on motivation and job performance. Trader Joe's ensures that their employees, including part-timers, receive one of the best pay rates in the retail industry. Aside from the financial incentives such as a high salary, bonuses, and retirement contributions, the company is known for its positive work environment and policy of promoting entirely from within.
Employees are likely to be more dedicated because they have the opportunity to rise within the organization, illustrating that both financial and non-financial incentives play a crucial role in employee dedication and corporate success. Trader Joe's has a business model that not only offers competitive pay to its employees, but also fosters a collaborative work environment and career growth opportunities, which supports their high retention and talent attraction.
What industries do you regard as being highly competitive? can you identify any barriers to entry in those industries?
Why do most disciplinary systems require the supervisor to obtain—or at least try to obtain—employee signatures on disciplinary documentation?
Country a has a higher gdp than country
b. what does this mean?
a. it means that on a per-capita basis the residents of country a are relatively better off (in terms of the goods and services they have available to them) than the residents of country
b.
b. it means that on a per-capita basis the residents of country a are richer than the residents of country
b.
c. it means that more goods and services were produced in country a than country
b.
d. it means that the total market value of the final goods and services produced in country a is greater than the total market value of the final goods and services produced in country
b.
e. a and d
Final answer:
A higher GDP in Country A compared to Country B means that Country A has a greater total market value of produced goods and services, but it does not indicate the wealth or living standards per individual without considering per capita values.
Explanation:
When comparing the GDP of two countries, such as Country A and Country B, and noting that Country A has a higher GDP, it indicates that the total market value of all final goods and services produced in Country A is greater than that of Country B. This does not necessarily reflect the wealth distribution on a per-capita basis, as it does not account for population size or how income is distributed among residents. Therefore, the correct interpretation is that Country A has produced more in terms of goods and services, which can be equated to economic productivity rather than directly to wealth or living standards of individuals.
However, a higher GDP per capita generally suggests that individuals in Country A might be better off, as it indicates the amount of economic output per person, after adjusting for population. It is a more accurate measure when assessing the relative economic health and living standards of the population between countries.
When charitable organizations such as the american cancer society, second harvest foodbank, and the red cross make purchases for goods and services to use in their daily operations, they would be considered to be _______ buyers?
____ refers to experimenting with work first and then deciding on a path instead of doing all the ethical considering up front. job hopping job depth job enrichment job enlargement job rotation
Final answer:
Job rotation is an early alternative to job specialization that involves moving employees across different jobs to prevent monotony and enhance skill diversity, benefiting organizations by reducing boredom, increasing employee satisfaction, and improving organizational flexibility.
Explanation:
The concept described in the question refers to job rotation, an early alternative to job specialization that involves moving employees from job to job at regular intervals to relieve the monotony of job specialization and promote a diversified skill set.
This approach is used not only at lower levels of an organization but across various hierarchical levels to increase innovation, employee satisfaction, and organizational flexibility. For instance, companies like Nokia employ rotation at all levels to foster fresh perspectives on problems, and Wipro Ltd. uses a 3-year plan for grooming future leaders by rotating them through different jobs.
Job rotation benefits organizations by reducing employee boredom, improving skill variety among employees, and facilitating knowledge transfer across departments. It stands alongside other strategic approaches such as job enlargement and job enrichment, aimed at increasing employee motivation and performance through job design. While job enlargement focuses on adding more variety to tasks to reduce monotony, job enrichment gives workers more control over their tasks, potentially increasing responsibility and satisfaction.
How can the outsourcing of jobs cause production possibilities to expand?
Refer to the financial statements of flathead lake manufacturing company. the firm's current ratio for 2006 indicates that flathead's liquidity has ________ since 2007.
For which account does the accounting principle state that we must debit the receiver and credit the giver?
personal account
real account
nominal account
asset account
Answer:
The correct answer is letter "A": Personal Account.
Explanation:
Accounting principles are statements that provide instructions on how the money flow and assets should be reported. These transactions should be reported in the entity's accounts using the double accounting method. In that sense, one account is debited and the other is credited with the same amount. The Personal Account rule establishes that the receiver's debit and the donor's credit.
Why might a tissue such as the pancreas not be a good source to choose for the isolation?
Pancreatic cell secretions are unrelated to LDH synthesis. To transform lipids into lipoproteins and triglycerides, the pancreas secretes the following pancreatic lipases.
What is a Pancreatic cell?The pancreatic beta cells create, store, and release insulin, the anti-hyperglycemic hormone that competes with glucagon, growth hormone, glucocorticoids, adrenaline, and other hyperglycemic hormones.
An average human pancreas has about 1 million islets. Three of the four cell types that make up the islets the alpha, beta, and delta cells produce important hormones. Unknown is the function of the fourth cell type.
The pancreatic islets, also called the islets of Langerhans, were initially recognized by German pathological anatomist Paul Langerhans in 1869 as the regions of the pancreas that house its endocrine cells.
Thus, Pancreatic cell secretions are unrelated to LDH synthesis.
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Why might a director schedule a run-through during the middle weeks of the rehearsal period?
All relationships and the various needs for ____ must be taken into account when designing the database.
Purple swift manufactures birdhouses in lots of 1010. each birdhouse takes 4545 minutes to paint. after 1010 birdhouses are painted, the company switches paint color which requires a one hourone hour changeover. assume that the company should changeover at the very beginning of the process. the company works 88 hours per shift, one shift per day, 215215 days per year. currently the company has one point booth. what is purple swift's paint capacity cushion if it builds 1 comma 8001,800 birdhouses per year?
Utilization can be calculated using the formula utilization = average output rate / maximum capacity.
Utilization = number of lots x setup time + processing time x number of units / number of hours per day x working days per year
Utilization = [200 x 1 + (45/60) x 2000] / (8 x 215) = 1700 / 1720
Utilization = 0.9884
The utilization is 0.9884 or 98.84%. capacity cushion can be calculated by subtracting the utilization from 1. The capacity cushion is 0.01163 or 1.17%
__(table: turkeys) examine the table turkeys. trader tom is a monopolist that sells fried turkeys for thanksgiving dinner for a constant marginal and average cost of $10 per turkey. assume that tom has no fixed cost. tom has 6 potential customers, each of which will buy at most one turkey if the price is just equal to or lower than their willingness to pay, which is shown in the table. if tom acts as a single-price monopolist to maximize profits, what price will he charge for each turkey? $30 $20 $15 $5
Marginal revenue and marginal cost is equal to the quantity of 3 units and the price of $ 20. When the price is $ 20, consumers A, B, and C are buyers.
Total producer surplus = Quantity sold x Price – Marginal cost = 3 x (20 – 10) = 30.
Therefore, total producer surplus is $30.00
Trader Tom should charge $30 per turkey to maximize his profit, achieving $60 profit by selling 3 turkeys. The willingness to pay suggests that a $30 price point earns the highest profit compared to lower prices. Other prices result in lower or negative profits.
To determine the price Trader Tom should charge as a single-price monopolist, we need to find the price that maximizes his profit. We start by looking at the willingness to pay of his 6 potential customers and observe the demand schedule. The willingness to pay for the customers is: $50, $40, $30, $20, $15, and $5.
Given that Tom’s constant marginal and average cost is $10 per turkey, we need to identify the price that maximizes his total revenue minus total cost. Here’s the process step by step:
Calculate the revenue for different prices and corresponding quantities sold.Determine the profit (revenue - cost) for each price.Here’s the calculation:
At $30, demand is 3 turkeys (customers who are willing to pay $50, $40, and $30):The maximum profit is achieved at a price of $30, where Tom sells 3 turkeys and earns a profit of $60.
John flynn works at stutz toyota and is paid a(n) __________ against his earned commissions
The answer in the space provided is draw against commission. This is the salary that John Flynn receives in which the salary is focus on the commission in which when a employee has advance an amount of money from his salary, the draw that the individual will receive will likely from the commission.
John Flynn works at Stutz Toyota and is paid a draw against his earned commissions.
Further Explanation:
Draw against commission:
Draw against commission is a guaranteed payment from the employer when the employee is not able to earn a minimum level of commission. When the compensation of the employee is based on the sales commission, there are chances that he/she might not earn anything because of not achieving the required sales targets. The draw is ann employee-favorable provision where the employer provides a minimum payment even if the employee does not minimum any commission. It gives a sense of financial security to the employee, and the employee can focus on the performance.
John Flynn’s case:
In the current case, John Flynn is working at Stutz Toyota. The company compensates him with a draw against commission where john is compensated with a minimum guaranteed payment (draw) in case of no earned commission.
Thus, John Flynn works at Stutz Toyota and is paid a draw against his earned commission.
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Answer details:
Grade: Senior School
Subject: Human Resource Management
Chapter: Employee Remuneration
Keywords: John, Flynn, works, at, Stutz, Toyota, and, is, paid, a(n), against, his, earned, commissions, salary, payment, employer, employee.
Define the term hidden job market. then list three strategies
Brewco sells coffee makers for $120 each. the firm currently has variable costs per unit of $65. if brewco is able to reduce its variable cost per unit to $58, its contribution margin ratios are
The contribution margin ratio for Brewco is initially 45.83%, and if the variable costs are reduced to $58, the new ratio would be 51.67%.
The student's question pertains to the concept of contribution margin ratios in the context of a business selling coffee makers. The contribution margin ratio can be calculated by taking the sales price per unit minus the variable cost per unit, and then dividing by the sales price per unit. When Brewco's variable costs are $65, the contribution margin per unit is $120 - $65 = $55, and the contribution margin ratio is $55 / $120 = 0.4583 or 45.83%. If Brewco reduces its variable costs to $58, the contribution margin per unit becomes $120 - $58 = $62, and the new contribution margin ratio is $62 / $120 = 0.5167 or 51.67%.
Biologists warn that human activities might actually increase the ____ for various weeds and pest.
Final answer:
Human activities may increase resistance among weeds and pests, leading to the need for more pesticides and endangering biodiversity. Ecosystem complexity is crucial for natural pest control, which is threatened by urbanization and habitat destruction.
Explanation:
Biologists warn that human activities might actually increase the resistance for various weeds and pests. As human activities, such as residential development, mining, farming, or logging, encroach on wild habitats, not only is biodiversity under threat, but these actions may also favor the spread and resistance of pests. Studies have shown that elevated CO2 levels can lead to increased biomass production and dilution effects, which in turn may require higher dosages of pesticides and more frequent applications for effective control. The adaptation of pests to synthetic pesticides is hastened by their short generation times, leading to a need for costlier and more harmful chemical interventions.
Additionally, habitat destruction results in the loss of natural predators and parasites that help control pests, which otherwise could lead to an increase in the populations of crop pests. Urbanization can concentrate large numbers of people in areas with inadequate sanitation, fostering the spread of pathogens. Therefore, ecosystem complexity and the preservation of natural controls are key to mitigating the negative effects of human population growth on pest management.
The maple company has total fixed costs of $420,000. it also has $220,000 in total variable costs. these costs exist at a production level of 110,000 units. the variable cost per unit is
Final answer:
The variable cost per unit for the Maple Company is $2.00, which is calculated by dividing the total variable costs of $220,000 by the production level of 110,000 units.
Explanation:
The variable cost per unit is calculated by dividing the total variable costs by the number of units produced. In the provided example, the Maple Company has a total variable cost of $220,000 at a production level of 110,000 units. To find the variable cost per unit, one would simply divide $220,000 by 110,000 units.
Variable Cost Per Unit = Total Variable Costs ÷ Number of Units Produced
Variable Cost Per Unit = $220,000 ÷ 110,000 units
Variable Cost Per Unit = $2.00 per unit
This means for every unit produced, the company incurs a variable cost of $2.00. Understanding this concept is crucial for pricing strategies and financial planning as it helps in determining the break-even point and the short-run shutdown price point.
Patti volunteered to cover the balance of a coworker's shift so that he could pick up his sick child from day care. this is an example of ________.
Case solutions under armour's strategy in 2016—how big a factor can the company become in the $250 billion global market for sports apparel and footwear?
Final answer:
The question explores Under Armour's market strategy in relation to the global sports apparel and footwear industry, touching on adaptation, sustainability, and the global business environment. It highlights the importance of incorporating adaptive and sustainable practices in gaining market share within the competitive $250 billion industry.
Explanation:
The question asks about Under Armour's strategy in 2016 and its potential impact in the $250 billion global market for sports apparel and footwear. This topic involves understanding competitive strategies, market share, and industry trends within the business and strategic management field. Within this context, it's essential to consider how larger companies such as Target, Tommy Hilfiger, and Nike have adapted to market demands by incorporating adaptive lines into their assortments, reflecting a trend towards inclusivity and sustainability.
Adaptation strategies, technological innovations, and marketing prowess play critical roles in determining a company's success in a competitive industry. The globalization of sport and the fashion industry's impact on the environment are also relevant factors. Companies like Under Armour can increase their market share by integrating sustainable and adaptive product lines, leveraging global sports management networks, and efficiently responding to consumer demands for ethical and environmentally responsible products.
Considering business practices and regulatory environments, such as the case involving the merger between United Shoe Machinery and the Brown Shoe Company, provides additional insight into the challenges and opportunities businesses face in the market. The strategic decisions made by companies like Under Armour will likely influence their position in the global market for sports apparel and footwear.
A company produces a product at a variable cost of $10. the company is interested in maximizing its contributions and profits. there are 5 potential customers each of who will buy 1 at the most. the maximum price that each customer is willing to pay for the product is given below: customer willingness to pay jane $20 paul $30 dave $40 bill $50 amy $60 questions: 1. at what price should the company sell the product so as to maximize total contribution? 2. how much total contribution will the company make at that price?
To maximize its total contribution, the company should sell the product at $50. At this price, the company can sell to two clients, and their total contribution is $80.
Explanation:To maximize its total contribution, the company must sell the product at the price where cost is lowest and the most clients are willing to pay. Given the maximum prices each client is willing to pay (Jane $20, Paul $30, Dave $40, Bill $50, Amy $60), the best price point would be $50. At $50, the company can sell to Bill and Amy. The total contribution would then be calculated by taking the total revenue (number of units sold x price per unit) and subtracting the total variable costs (number of units sold x cost per unit). This translates to (2x$50) - (2x$10) = $80.
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Waves company purchased a patent for $170,000 at the beginning of 2011, and estimated that its expected useful life was 10 years. the patent has a legal life of 17 years. what amount should be recorded as amortization expense for the patent in 2011?
The annual amortization expense for the patent purchased by Waves company would be $17,000 for 2011, calculated using the straight-line method over the estimated useful life of 10 years.
The question at hand involves the calculation of amortization expense for a patent. Waves company purchased a patent for $170,000 and estimated its useful life at 10 years, even though the legal life of the patent is 17 years. The amortization expense for 2011 should be calculated using the straight-line method, which spreads the cost evenly over the useful life of the asset.
Using the straight-line method, the annual amortization expense would be calculated as follows:
Total Cost of Patent / Estimated Useful Life = Annual Amortization Expense
$170,000 / 10 years = $17,000 per year
Therefore, the amortization expense for the patent in 2011 would be $17,000.
Steps in developing an email campaign include: borrowing an inexpensive email list. measuring the results of the campaign. finding out what copy is available in company files.
If you drive slower than the flow of traffic you will most likely
It has been reported that 40% of u.s. workers employed as purchasing managers are females. in a simple random sample of u.s. purchasing managers, 70 out of the 200 are females. given this information:
Earl is preparing a risk register for his organization's risk management program. which data element is least likely to be included in a risk register? description of the risk expected impact risk survey results mitigation steps
In all of the given choices above, the element that is least likely to be included in a risk register is the risk survey results because they serve only as a basis and not considered to be an important element in which description of risk, expected impact and mitigation steps are important elements in a risk register.
The relationship between pepe's pizzeria and its customers functions at which level of the relationship marketing continuum?
The relationship between Pepe’s pizzeria and its consumer functions at the level of the relationship marketing continuum in the social interaction. This level focuses more on the relationship and interaction of the people or the society of which the pepe’s pizzeria and the consumers are in the level of social interaction as they establish a relationship between the two parties.
Suppose you have been hired as a management consultant by a major oil company to help it optimally price gasoline at its service stations. your client has requested that your consulting team expatiate on the factors that impact gasoline prices. one of the members of your team, debbie, states that she has noticed that gasoline prices seem to rise in years when a national league baseball team wins the world series.