Explanation:
Human resource management play a crucial part in the whole quality management project implementation. The benefits of TQM procedures include increased quality, efficiency, and customer happiness, with Human Resource Management playing a key part in facilitating TQM activities.
why personnel management is important to an office?Explain in details.
Answer: See explanation
Explanation:
Personnel management can be defined as the the effective management of the employees in an organisation. The importance of personnel management to an office include:
• Personnel management helps in bringing the gap that exist between the performance of the employees and the objectives of the organisation.
• An efficient personnel management is important as it gives a company and edge over its rivals.
• A good and effective personnel management helps in the creation and the maintenance of a working environment that's harmonious.
wifty’s Shop can make 1000 units of a necessary component with the following costs: Direct Materials $28000 Direct Labor 6000 Variable Overhead 3000 Fixed Overhead ? The company can purchase the 1000 units externally for $43000. The unavoidable fixed costs are $2000 if the units are purchased externally. An analysis shows that at this external price, the company is indifferent between making or buying the part. What are the fixed overhead costs of making the component?
Answer:
$4,000
Explanation:
Cost of buying = Direct Material + Direct labor + Variable overhead + Avoidable fixed costs
$43,000 = $28,000 + $6,000 + $3,000 + Avoidable fixed costs
$43,000 = $37,000 + Avoidable fixed costs
Avoidable fixed costs = $43,000 - $37,000
Avoidable fixed costs = $6,000
Fixed overhead costs of making = Avoidable fixed costs + Unavoidable fixed costs
Fixed overhead costs of making = $6,000 - $2,000
Fixed overhead costs of making = $4,000
So therefore, the fixed overhead costs of making the component is $4,000.
Betty heads the production department at Riffer Inc., a firm that stresses the importance of maintaining regular contact with customers. Betty is expecting a labor surplus in the future. Mike, a supervisor, recommends downsizing as an option to deal with this labor surplus, however, Betty rejects this option. Which statement will validate that Betty made the right decision?
Answer: Downsizing would hurt long-term organizational effectiveness.
Explanation:
Downsizing as much as to cut labour is not really a good plan on the long run due to the company gets to miss their best talents at a larger rate. One of the best way to control a labour surplus is by limiting intakes into the organization until there is a great need for one. This is what Betty made the right decision by not downsizing which would hurt the organization on a long term.
Adrian's Premium Boxing Service subcontracts with a chocolate manufacturer to box premium chocolates for their mail order catalogue business. Adrian rents a small room for $150 a week in the downtown business district that serves as her factory. She can hire workers for $275 a week. During the week of July 4th, Adrian doesn't box any chocolates. What are her costs during the week
Answer:
b). $ 150
Explanation:
Given that,
Rent of the room per week = $ 150
Cost or workers for the week = $ 275
To find,
Her costs during the week = ?
Procedure:
The costs during the week would be $ 150
because only the fixed costs(factory rent) would be taken into the application as no chocolates were packed that week.
The other costs are the variable costs that will be determined once the production proceeds and calculated once the week is completed. Therefore, option b is the correct answer.
RHC Pharmaceuticals Inc., Lawrence Pharma Inc., and Quincy Pharma Inc. are three rival firms who have set up an alliance to conduct research and find a cure for cancer. They have made almost equal contributions to the research, and they also share their expertise with one another. However, the three firms will continue to behave as competitors in markets for other drugs and vaccines. What is this arrangement best referred to as
Answer:
Coopetition
Explanation:
The three firms in the question above worked together to conduct research and find a cure for cancer, and they are close competitors, this is a good explanation of how coopetition works. In coopetition, Rivals companies competing in the market for a similar customer because they deliver related products would come together to form an alliance, in a bid to achieve a common goal after which it is competition as usual. In coopetition, competitors form alliances for mutual gain.
what is meant by business objectives
Answer:
Business objectives are something which a business organisation wants to achieve or accomplish over a specified period of time. These may be to earn profit for its growth and development, to provide quality goods to its customers, to protect the environment, etc.
Answer:
Business objectives are something that a business organization wants to achieve or accomplish over a specified period of time.
Explanation:
These may be to earn profit for its growth and development, to provide quality goods to its customers, to protect the environment, etc.
McCoy’s Fish House purchases a tract of land and an existing building for $900,000. The company plans to remove the old building and construct a new restaurant on the site. In addition to the purchase price, McCoy pays closing costs, including title insurance of $2,000. The company also pays $12,000 in property taxes, which includes $8,000 of back taxes (unpaid taxes from previous years) paid by McCoy on behalf of the seller and $4,000 due for the current fiscal year after the purchase date. Shortly after closing, the company pays a contractor $45,000 to tear down the old building and remove it from the site. McCoy is able to sell salvaged materials from the old building for $3,000 and pays an additional $10,000 to level the land.Required:Determine the amount McCoy’s Fish House should record as the cost of the land.
Answer: $962000
Explanation:
From the information given, the amount
that McCoy’s Fish House should record as the cost of the land will be:
Purchase price = $900,000
Add: Title insurance = $2000
Add: Back property tax = $8000
Add: Cost incurred to remove building = $45000
Add: Cost incurred to level the land = $10000
Less: Savage value of materials = $3000
Cost of land = $962000
Therefore, the cost of land is $962000
An increase in consumer income increases the demand for automobiles. As a result of the adjustment to a new equilibrium, there is a(n):
A. rightward shift of the supply curve
B. upward movement along the supply curve
C. no change in the graph
D. leftward shift of the supply curve
E. downward movement along the supply curve
Answer:
B. upward movement along the supply curve.
Explanation:
An increase in the income of a consumer income would have a significant impact on the quantity of goods demanded by him or her such as increasing the demand for automobiles. As a result of the adjustment to a new equilibrium, there is an upward movement along the supply curve
The price level rises in the short run if a. aggregate demand or aggregate supply shifts left. b. aggregate demand shifts right or aggregate supply shifts left. c. aggregate demand or aggregate supply shifts right. d. aggregate demand shifts left or aggregate supply shifts right.
A price is termed as the sum of the amount that is paid to the one party that provides the goods and services by the other party that consumes the provided goods and services. In some of the situations, the name of the price for the different goods and services gets changed or altered.
The correct options are b. aggregate demand shifts right or aggregate supply shifts left.
There is a positive relationship between the supply and the price whereas there is a negative relationship between the demand and the price. In the situation of rising in the level of the prices of the goods and services in the short run, the aggregate demand shows the decline effect of the goods and services and the aggregate supply shows the increasing effect of the goods and services.
To know more about the effect of price on the aggregate demand and supply, refer to the link below:
https://brainly.com/question/15874992
Sandy's Soda Co. is planning to purchase new equipment that costs $56,000 and will save on operating costs for the next 5 years as follows: $21,500 in year 1; $23,100 in year 2; $19,000 in year 3; $13,900 in year 4; and $15,200 in year 5. The payback period for the cooling equipment is ______ years.
Answer:
It will take 2.6 years to cover the initial investment.
Explanation:
Giving the following information:
Initial investment= $56,000
Cash flows:
Cf1= $21,500
Cf2= 23,100
Cf3= $19,000
The payback period is the time required to cover the initial investment.
Year 1= 21,500 - 56,000= -34,500
Year 2= 23,100 - 34,500= -11,400
Year 3= 19,000 - 11,400= $7,600
To be more accurate:
(11,400/19,000)= 0.6
It will take 2.6 years to cover the initial investment.
The payback period is the time interval or the time taken by the business to recoup its investment amount and earn profits after the determined payback period. It is the measurement tool used by the investors and financial experts to know the investment returns.
The payback period for the cooling equipment is 2.6 years.
Computation:
Given:
Initial investment= $56,000
Cash flows of 5 years.
The payback period schedule is attached in the image below.
[tex]\text{Payback period}=\text{Year of payback}+\dfrac{\text{Final amount}}{\text{Cash flow of next year}}\\\\=2\;\text{years}+\dfrac{\$11,400}{\$19,000}\\\\=2.06\;\text{years}[/tex]
To know more about payback period, refer to the link:
https://brainly.com/question/17110720
Accounts receivable arising from sales to customers amounted to $120,000 and $105,000 at the beginning and end of the year, respectively. Net income reported on the income statement for the year was $457,000. Exclusive of the effect of other adjustments, the cash flows from operating activities to be reported on the statement of cash flows is
Answer:
Cash flow from operating activities $472,000
Explanation:
The computation of the cash flows from operating activities to be reported on the statement of cash flows is given below:
Beginning account receivable $120,000
Add: net income $457,000
less: ending account receivable -$105,000
Cash flow from operating activities $472,000
If I pay $20 per month on
Patreon do I have to pay
$5 per week?
Answer:
yes you have to pay $5 per week
A condo owner, a citizen of State A, hired an electrician, a citizen of State A, and a gas worker, a citizen of State B, to fix the wiring in his condo and install a new gas stove. Unfortunately, the condo burned down while they were working on it. The condo owner sued the gas worker for negligence, seeking $100,000. The gas worker files a motion to dismiss the case for failure to join the electrician, alleging that he contributed to the fire. How should the court rule
Answer:
Deny the motion, because the electrician is not a necessary party.
Explanation:
A necessary party is defined as a party that is required to be joined as part of a case and without who a case cannot be decided.
The party must be indispensable in the ruling to be considered as being required to be joined.
However in this scenario either electrician or the gas worker can be held entirely responsible for the fire. So the case can be satisfactorily decided without joining the electrician.
The home owner can raise a seperate case against the electrician if he so feels in the future.
A product's target market is part of which of the 4 P's of marketing?
Answer:
Place
Explanation:
The marketing mix is defined as a set of the marketing tools which the organizations use them to obtain their marketing objectives in their target markets.
In other words, it is the foundation model for the businesses. It defines the key management decisions that are needed to achieve success in the marketing world.
The four P's in marketing are :
price , product , place and promotion.
A product's target market is a part of 'place' of the 4 P's of the marketing strategy.
Suppose that a firm's recent earnings per share and dividends per share are $3.00 and $1.50, respectively. Both are expected to grow at 10 percent. However, the firm's current P/E ratio of 20 seems high for this growth rate. The P/E ratio is expected to fall to 16 within five years. Compute a value for this stock by first estimating the dividends over the next five years and the stock price in five years. Then discount these cash flows using a 14 percent required rate.
Answer:
$46.90
Explanation:
The dividend in each year is the previous year's dividend multiplied by the growth factor, whereas the growth factor is 1 plus the expected growth rate of 10%, the EPS in each year would also be determined in a similar manner.
Note that the stock price is the present value of its dividends for 5 years as well as the price value of its year 5 share price(year 5 EPS*year 5 P/E ratio of 16)
The present value index is computed as ________. total present value of net cash flow divided by amount to be invested cost divided by amount to be invested total future value of net cash flows divided by amount to be invested None of these choices are correct.
Answer:
total present value of net cash flow divided by amount to be invested
Explanation:
The formula to determine the present value index is given below:
Present value index is
= Total present value of net cash flow ÷ initial investment
It is the method that should be applied for an investment decision for capital rationing
So, the first option is correct
Assume that Heather always maximizes her total utility given her budget constraint. Every morning for breakfast Heather has two eggs and three sausages. If the marginal utility of the last egg is 20 utils and the price of eggs is $2 each, what can we say about the marginal utility of the last sausage if the price of each sausage is $1
Answer: 10 units
Explanation:
The marginal utility per dollar spent on the last egg should be equal to the marginal utility per dollar spent on the last sausage.
Marginal utility per dollar spent on last egg = Marginal utility / Price of egg
= 20 / 2
= 10 units per dollar
Marginal utility per dollar spent on last sausage = Marginal utility / Price of sausage
10 = Marginal utility / 1
Marginal utility = 10 units
Use the following list of factors that are related to the aggregate demand curve to answer the next question. 1) Real-Balances Effect 2) Household Expectations 3) Interest-Rate Effect 4) Personal Income Tax Rates 5) Profit Expectations 6) National Income Abroad 7) Government Spending 8) Foreign Purchases Effect 9) Exchange Rates 10) Degree of Excess Capacity Which of the above factors best explain the downward slope of aggregate demand curve?
Answer:
The answer is "1,3 and 8".
Explanation:
The effect of changes in the real value of financial assets on aggregate demand; So, as the cost of goods and services goes up, so too does the real purchasing power of money people have on hand. Such improvements should encourage people to save even more and spend less. Whenever a shift in the price level in one country leads to many other countries buying more of the country's goods, the foreign purchasing effect is in play. Dies lead to an increase in the net exports (and hence the actual GDP), therefore the effects of true and foreign purchases upon economic growth are depicted as a declining curve.
What could explain why South Korea's gross domestic product (GDP) per capita increased so much faster since the 1970s than North Korea's GDP per capita?
A. Resource allocation in South Korea is done much more efficiently than in North Korea.
B. South Korea has been better able to solve the coordination and incentive problems.
C. South Korea has a market economy, while North Korea is a command economy.
D. All of the above.
Answer:
D
Explanation:
Per capita GDP measures the standard of living of the people in a country. The higher the Per capita GDP, the higher the standard of living
Per capita GDP = GDP / population
Gross domestic product is the total sum of final goods and services produced in an economy within a given period which is usually a year
South Korea operates a market economy compared with North Korea. A market economy leads to greater efficiency in production when compared with a command economy.
A market economy is an economy where production decisions are made by the forces of demand and supply. there is no intervention of the government in production decisions
Characteristics of a market economy
• Private ownership of means of production
• freedom of choice. Producers are free to produce what they desire
• competition among producers
• no government intervention.
A command economy is an economy where production decisions are made by the government.
The United States has accused China of Multiple Choice contributing to the skyrocketing price of aluminum. reducing barriers in the financial sector, but not in the steel industry. facilitating its own textile industry at the expense of the United States exacerbating the global glut of steel by investing in additional production. encouraging cloud computing firms to export their services to China but not to invest.
Answer:
exacerbating the global glut of steel by investing in additional production.
Explanation:
The United States Government under President Trump accused China of promoting overcapacity in production of steel and aluminium (that is industrial overcapacity).
This over-production of steel has distorted the global market by facilitating excess exports.
However China has been taking steps to reduce excess steel production although such efforts have been inadequate.
Even less has been done about the overproduction in the aluminium industry
Exhibit 9.2 USE THE INFORMATION BELOW FOR THE FOLLOWING PROBLEM(S) Assume that the dividend payout ratio will be 75 percent when the rate on long-term government bonds falls to 8 percent. Because investors are becoming more risk averse, the equity risk premium will rise to 7 percent and investors will require a 15 percent return. The return on equity will be 12 percent. Refer to Exhibit 9.2. What is the expected sustainable growth rate
Answer:
3%
Explanation:
Expected sustainable growth rate = (1 - Payout ratio) * Return on Equity
Expected sustainable growth rate = (1 - 0.75) * 12%
Expected sustainable growth rate = 0.25 * 0.12
Expected sustainable growth rate = 0.03
Expected sustainable growth rate = 3%
So, the expected sustainable growth rate is 3%
Effective internal control activities over the payroll function may include Reconciliation of totals on job time tickets with job reports by employees responsible for those specific jobs. Verification of agreement of job time tickets with employee time clock card hours by a timekeeping department employee. Custody of rate authorization records by the supervisor of the payroll department. Preparation of payroll transaction journal entries by an employee who reports to the supervisor of the human resources department.
Answer:
Verification of agreement of job time tickets with employee clock card hours by a payroll department employee.
Explanation:
An effective internal control system
This simply aim to give adequate hope that the policies, processes, tasks, behaviours etc, of an organisation, when complied, helps its effective and efficient operation of the organisation etc.
It is very essential in the payroll and personnel cycle to prevent over payments and payments to nonexistent employees. Proper authorization by the human resources department should add and delete employees from the payroll or change pay rates and deductions. The number of hours, overtime, must be approved by employees supervisor.
Payroll computations should be separately verified. A member of management should review the payroll output for any obvious errors or unusual amounts.
What's a legal description? Unset starred question A description of the land that specifies the boundaries and location of a specific piece of real property An object used as a boundary or starting point for a metes and bounds description A professional, on-site measurement of the lot lines and dimensions of a property, including the location of any improvements (such as a house) on the lot, any encroachments that may exist, and any easements of public record The street address of a property, including the city, state, and zip code (also known as a "mailing address")
Answer:
A description of the land that specifies the boundaries and location of a specific piece of real property.
Explanation:
A property right is the exclusive or sole authority which determines the legal ownership of resources and how these resources are to be used, whether by individuals or government.
An equitable title can be defined as the right of an individual to use and enjoy an asset (property) due to his or her financial interest in the asset.
On the other hand, a legal title can be defined as the actual (absolute) ownership of a property that is recognized and enforceable in a court of competent jurisdiction.
On a related note, legal description is a description of the land which typically specifies the boundaries and location of a specific piece of real property such as house, land, etc. Thus, it can be used by land surveyors to accurately estimate or determine property lines at a future.
Spending more money on advertising will make the firms' demand increase – shifting to the right (parallel). Therefore, the firms' demand become more elastic at every price level. Providing examples to support your answer.
Answer:
Example of such product : Ferrari sports car. due to various alternatives of sports cars available in the market, when the price level of a Ferrari car increases the demand of the product might become more elastic
Explanation:
When more money is spent on advertising by any firm the demand for the firm's product will most likely increase and this is simply because more potential clients will be reached through advertising.
But when the demand of the goods become more elastic with increase in price level, it is simply because the product has suitable alternatives/competitions in the open market.
Example of such product : Ferrari sports car. due to various alternatives of sports cars available in the market, when the price level of a Ferrari car increases the demand of the product might become more elastic
In measuring GDP as the sum of all incomes earned in production, we should include: purchases of used goods. purchases of used goods. American purchases of foreign output. American purchases of foreign output. wages and salaries. wages and salaries.
Answer:
wages and salaries.
Explanation:
GDP is an acronym for Gross Domestic Products (GDP) and it can be defined as a measure of the total market value of all finished goods and services made within a country during a specific period.
Simply stated, Gross Domestic Products (GDP) is a measure of the production levels of any nation.
Basically, the four (4) major expenditure categories of GDP are;
I. Consumption (C).
II. Investment (I).
III. Government purchases (G).
IV. Net exports (N).
Additionally, it is a measure of the total income of all individuals in an economy and the total expenses incurred on the economy's output of goods and services in a particular country.
In measuring GDP as the sum of all incomes earned in production, we should include wages and salaries of the people working in a particular country.
Bramble Corporation is a small wholesaler of gourmet food products. Data regarding the store's operations follow:
Sales are budgeted at $260,000 for November, $240,000 for December, and $230,000 for January.
Collections are expected to be 55% in the month of sale and 45% in the month following the sale.
The cost of goods sold is 80% of sales.
The company would like to maintain ending merchandise inventories equal to 70% of the next month's cost of goods sold. Payment for merchandise is made in the month following the purchase.
Other monthly expenses to be paid in cash are $23,200.
Monthly depreciation is $14,200.
Ignore taxes.
Balance Sheet
October 31
Assets
Cash $ 22,000
Accounts receivable 72,000
Merchandise inventory 145,600
Property, plant and equipment, net of $574,000 accumulated depreciation 1,096,000
Total assets $ 1,335,600
Liabilities and Stockholders' Equity
Accounts payable $ 256,000
Common stock 822,000
Retained earnings 257,600
Total liabilities and stockholders' equity $ 1,335,600
The difference between cash receipts and cash disbursements for December would be:
If the dividend rate on preferred stock is lower than the rate the corporation earns on its assets, the effect of issuing preferred stock is to multiple choice increase the rate earned by common shareholders. decrease the rate earned by common shareholders. increase the rate earned by preferred shareholders. decrease the rate earned by preferred shareholders.
A) increases the rate earned by common shareholders
Melinda decides to sell part of her property to Bill. Once the sale is complete, Melinda still crosses what is now Bill’s property to get to the main road since it is the most direct path, even though no written easement has been created. This is an example of an
Answer:
Easement by implication
Explanation:
Easements by implication occurs when the property is distributed and the facts & situations reprsent the prior use that could become significant.
An implied easement is one that cannot be written down. It is developed by the situation of a particular land configuration.
So as per the given situation it is an example of Easement by implication
Generally, local governments get the least amount of funding from:
A. property tax
B. income tax
C. sales tax
D. state government
Answer:
The answer is B. income tax
Answer:
income tax
Explanation: State and local governments tend to obtain the largest portion of tax revenues from property taxes and sales and gross receipts taxes. Another large source of revenue is individual income taxes
Jessica's company manufacturers a variety of coffee flavors that are sold to retail stores. Her company receives the coffee beans from a distributor in South America who purchased the beans from local farmers. The farmers, distributor, Jessica's company, and the retail stores all make up a _______.
Answer:
supply chain
Explanation:
supply chain can be regarded as network that is designed to exist between company that is producing a product and its suppliers so that the produced product can be distributed to the final buyer. There are
different activities under this network, these include information as well as people and resources. It could includes wholesaler, retailer and so on.
