7. Employee relations (ER) covers:
Participative management
Employee welfare
Employee development
Employee remuneration and welfare
All the above

Answers

Answer 1

Employee relations (ER) covers all of the above aspects: participative management, employee welfare, employee development, and employee remuneration and welfare.

Employee relations is a broad field that encompasses various aspects of managing and maintaining positive relationships between employers and employees. It involves creating an environment where employees feel valued, motivated, and supported.

Employee welfare focuses on ensuring the well-being and satisfaction of employees, addressing their physical, emotional, and social needs. This includes providing a safe and healthy work environment, promoting work-life balance, and offering benefits and programs that support employees' overall well-being.

Employee development involves nurturing the skills, knowledge, and growth of employees through training, education, and career development opportunities.

Employee remuneration and welfare encompass the compensation and benefits provided to employees, including wages, salaries, incentives, and other forms of rewards.

In summary, employee relations covers participative management, employee welfare, employee development, and employee remuneration and welfare to create a positive and productive work environment that fosters strong relationships and supports the well-being and growth of employees.

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Related Questions

Figure: Price Discrimination 1
If firm B is a monopolist, it will achieve profit maximization
at a price of _____ and a quantity of _____ units.
$7.00; 2,200
$4.00; 3,800
$3.00; 4,500
$11.00; 0

Answers

In the figure, the graph shows the demand curves and marginal revenue curves for the monopolist A and B. The graph shows price discrimination. Here, firm B is a monopolist.

The monopolist maximizes the profit at an output level where the marginal revenue (MR) equals the marginal cost (MC).If the firm B is a monopolist, it will achieve profit maximization at a price of $3.00 and a quantity of 4,500 units.Explanation:Under price discrimination, the monopolist charges different prices to different consumers. Firm B in the figure charges a lower price ($3.00) to the customers who have a less inelastic demand (D1) and a higher price ($11.00) to the consumers with more inelastic demand (D2).

Therefore, the monopolist can increase its profits by charging a higher price to customers with inelastic demand and a lower price to customers with elastic demand.Now, to find the profit maximizing price and output level for firm B, we need to follow these steps:Firstly, we need to find out the MR curve for firm B: MR curve lies below the demand curve because it decreases at a faster rate than the demand curve due to the price discrimination practices by the firm. In the graph, the MR curve for firm B is labeled as MRB.Then, we find the MC curve: Assume that the MC curve for firm B is equal to $2.00.Now we set MR equal to MC to get the profit-maximizing price and quantity as follows:MR = MC$3.00 - $2.00 = $1.00Now we locate the intersection point of MR and MC curves in the figure: This point occurs where quantity demanded is 4,500 units. At this point, price is $3.00. Therefore, If the firm B is a monopolist, it will achieve profit maximization at a price of $3.00 and a quantity of 4,500 units.

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Prepare a checklist for determining a manager's level
of support for training in Sheraton Hotel.

Answers

This checklist helps assess a manager's level of support for training in Sheraton Hotel by evaluating their awareness, communication, resource allocation, collaboration, participation, and recognition efforts.

Checklist for Determining a Manager's Level of Support for Training in Sheraton Hotel:

Awareness and Understanding, Communication and Promotion, Resource Allocation, Collaboration and Support, Participation and Role Modeling, Evaluation and Feedback, Recognition and Rewards.

It provides a framework to identify areas where additional support or improvement may be needed and ensures that managers play an active role in fostering a culture of learning and development within the organization.

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Listen Stakeholder theory is an understanding of how businesses operate that focuses primarily on the interest of business investors. True False
Question 2 (2 points) Listen What is organizational design? Why is it important? How is it different in a global context?

Answers

False. Stakeholder theory is an understanding of how businesses operate that emphasizes the interests of various stakeholders, including investors, employees, customers, suppliers, and the community.

Interests refer to the desires, concerns, and preferences that individuals or groups have in relation to a particular matter or situation. They represent what individuals or groups value, what they aim to achieve, or what they perceive as important. Interests can vary widely and can include financial gain, personal well-being, social recognition, environmental sustainability, power, influence, and many other factors. Understanding the interests of stakeholders is crucial in various contexts, such as business, politics, negotiation, and conflict resolution, as it helps identify common ground, build relationships, and find mutually beneficial solutions.

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0 2 17) Circle Company purchased an asset for $460,000 on April 1, 2018. The estimated salvage value is $60,000, and the estimated useful life is 10 years. The straight-line method is used for depreci

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Circle Company purchased an asset for $460,000 with a salvage value of $60,000 and a useful life of 10 years, depreciated using the straight-line method.

Circle Company acquired an asset worth $460,000 on April 1, 2018. The asset has an estimated salvage value of $60,000, which is the estimated value at the end of its useful life. The company plans to use the straight-line method of depreciation, which evenly allocates the cost of the asset over its useful life.

In this case, the asset will be depreciated over 10 years. To calculate the annual depreciation expense, the difference between the initial cost and the salvage value is divided by the useful life: ($460,000 - $60,000) / 10 = $40,000. Therefore, Circle Company will record an annual depreciation expense of $40,000 for the asset until the end of its useful life.

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Your utility and marginal utility functions are: U=4X+XY MUX = 4+Y MU, = X You have $600 and the price of good X is $10, while the price of good Y is $30. Find your optimal consumtion bundle

Answers

The optimal consumption bundle is X = 60 and Y = 12. in the given case

To find the optimal consumption bundle, we need to maximize utility subject to the budget constraint. The budget constraint is given by:

PₓX + PᵧY = I

where Pₓ is the price of good X, Pᵧ is the price of good Y, I is the income.

Given that Pₓ = $10, Pᵧ = $30, and I = $600, the budget constraint becomes:

10X + 30Y = 600

To maximize utility, we need to find the combination of X and Y that maximizes the utility function U = 4X + XY.

To solve this optimization problem, we can use the method of Lagrange multipliers. We define the Lagrangian function as:

L = U - λ(PₓX + PᵧY - I)

where λ is the Lagrange multiplier.

Taking partial derivatives with respect to X, Y, and λ and setting them equal to zero, we can solve for the optimal values of X, Y, and λ.

∂L/∂X = 4 + Y - 10λ = 0

∂L/∂Y = X - 30λ = 0

∂L/∂λ = 10X + 30Y - 600 = 0

From the first equation, we have:

4 + Y = 10λ ...(1)

From the second equation, we have:

X = 30λ ...(2)

Substituting equation (2) into equation (1), we get:

4 + Y = 10λ

4 + Y = 10(1/30)X

4 + Y = X/3

Substituting this relationship into the budget constraint, we have:

10X + 30Y = 600

10(X/3) + 30Y = 600

10X + 90Y = 1800

X + 9Y = 180 ...(3)

Now we have two equations: 4 + Y = X/3 and X + 9Y = 180. We can solve this system of equations to find the optimal consumption bundle (X, Y).

Multiplying equation (3) by 3, we get:

3X + 27Y = 540

Subtracting equation (4) from equation (3), we have:

X + 9Y - (3X + 27Y) = 180 - 540

-2X - 18Y = -360

2X + 18Y = 360 ...(4)

Adding equation (3) and equation (4), we get:

X + 9Y + 2X + 18Y = 180 + 360

3X + 27Y = 540

X + 9Y = 180

Simplifying the equation, we have:

4X + 27Y = 540 ...(5)

Solving equations (4) and (5) simultaneously, we find:

X = 60

Y = 12

Therefore, the optimal consumption bundle is X = 60 and Y = 12.

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The Airport Emergency Plan is the framework that supports the ARFF operations; that would be "The Plan," if you will. The major mishap exercise is the practical means to see if the plan works. In this assignment, the airport manager of the Francey Executive Airport (KFEA) (note: this is not a real airport) has asked you, the ARFF Commander, for your input to build a major mishap exercise profile to help evaluate the Airport Emergency Plan.
Reviewing the existing profile from the United Flight 232 crash (aviation-safety) and the NTSB Report (PDF). (Links to an external site.) Provide your inputs for the major mishap exercise profile using the Rapid Response Checklist (text pages 593-594) for the Francey Executive Airport (KFEA).

Answers

The Rapid Response Checklist (RRC) is a standard guide for incident management that helps ensure the safety of first responders and the general public.

In this case, we will use it to create a Major Mishap Exercise Profile for Francey Executive Airport (KFEA).Here is the Major Mishap Exercise Profile based on the notification by air traffic control tower or any other personnel on the airport concerning an aircraft emergency exercise that has become an actual emergency. At 09:25 hours, the airport receives a notification from the air traffic control tower that an aircraft has crashed on the south side of the runway, involving a fully loaded MD-90 with 100 passengers and 5 crew members. The ARFF commander will initiate facility emergency response operations, and dispatchers will be notified for activation of the emergency response plan. ARFF will be the primary agency for incident command. Victims requiring transportation will be dispatched to local hospitals. The Incident Commander will work closely with the hospitals to ensure appropriate patient care and transportation.

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Suppose the demand for oil is P=122Q-0.20. There are two oil producers who do not cooperate. Producing oil costs $13 per barrel. What is the profit of each cartel member?

Answers

To calculate the profit of each cartel member, we need to consider the demand equation, the cost of production, and the quantity produced by each member.

The demand equation for oil is given as P = 122Q - 0.20, where P represents the price of oil and Q represents the quantity demanded.

Let's assume that there are two cartel members, Member A and Member B.

The cost of production per barrel is $13 for both Member A and Member B.

Now, let's determine the profit for each cartel member.

To find the equilibrium quantity and price, we need to set the demand equation equal to the cost of production:

122Q - 0.20 = 13

Solving for Q:

122Q = 13.20
Q = 13.20 / 122
Q ≈ 0.108

So, the equilibrium quantity of oil is approximately 0.108 barrels.

Now, let's calculate the profit for each member based on the quantity produced.

For Member A, assuming they produce QA barrels of oil:

Revenue for Member A = P * QA = (122QA - 0.20) * QA
Cost for Member A = $13 * QA

Profit for Member A = Revenue - Cost = (122QA - 0.20) * QA - $13 * QA

For Member B, assuming they produce QB barrels of oil:

Revenue for Member B = P * QB = (122QB - 0.20) * QB
Cost for Member B = $13 * QB

Profit for Member B = Revenue - Cost = (122QB - 0.20) * QB - $13 * QB

To calculate the specific profit for each member, we would need to know the quantity produced by each member (QA and QB). Without that information, we cannot provide a numerical answer for the profit of each cartel member.

Given, demand for oil is P = 122Q - 0.20and the cost of production is $13 per barrel. Production cost per barrel = $13Profit = Revenue - Production cost Revenue = Price * Quantity = PQ Now, P = 122Q - 0.20,

So, Revenue = PQ = (122Q - 0.20)Q= 122Q² - 0.20Q

The profit of each cartel member is the revenue earned by each of them minus their cost of production. The total production of oil by both the cartel members is given as: Q total = Q1 + Q2where, Q1 and Q2 are the individual production levels for each of the cartel members. So, the revenue earned by the two cartel members is: Revenue = PQ total= (122Q_total - 0.20)Q total= (122(Q1 + Q2) - 0.20)(Q1 + Q2)= 122Q1² + 244Q1Q2 + 122Q2² - 0.20Q1 - 0.20Q2Now, the cost of production for each of them is given as $13 per barrel. So, the profit of each cartel member is: Profit = Revenue - Production cost= (122Q1² + 244Q1Q2 + 122Q2² - 0.20Q1 - 0.20Q2) - (13Q1 + 13Q2)= 122Q1² + 244Q1Q2 + 122Q2² - 0.20Q1 - 0.20Q2 - 13Q1 - 13Q2= 122Q1² + (244Q2 - 13Q1)Q1 + 122Q2² - 0.20Q2 - 13Q2= 122Q1² + (244Q2 - 13Q1)Q1 + 122Q2² - 13.20Q2Given, the non-cooperative nature of the oil producers. Therefore, each cartel member would try to maximize its own profits, meaning that each of them would try to maximize the above equation, keeping in mind the given production constraint of the other cartel member. This is done using partial derivatives. Let's take the partial derivative of the above equation with respect to Q1 and Q2.Partial derivative with respect to Q1,2 = 0= 244Q2 - 13Q1Therefore, Q1 = (244/13)Q2 Putting this value of Q1 in equation (1), we get: Profit = 122(244/13)²Q2² + 244(244/13)Q2² + 122Q2² - 0.20(244/13)Q2 - 0.20Q2 - 13Q2= 58415.06This profit is in dollars. Therefore, the profit of each cartel member is $58415.06 each.

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Waterways Corporation uses very stringent standard costs in evaluating its manufacturing ethiciency. These standards are not ideal at this point but the management is working toward that as a cool. At present the company uses the following standards Materials Hem Per unit Cost 63 perb Metal Plastic 12 02 $1.00 per i Rubber 40 88t perib Direct labor Item Per unit Cost LO 15 min 59.00 per Predetermined overhead rate based on direct labor hours 54.2 The January Mures for purchasing aroduction and laborare The company purchased 228.200 pounds of raw materials in January at a cost of 79 a pound Production used 278.200 pounds of raw materials to make 115.000 units in way The company purchased 228,200 pounds of raw materials in January at a cost of 79c a pound Production used 228,200 pounds of raw materials to make 115.000 units in January Direct labor spent 18 minutes on each product at a cost of $a 0 per hour Overhead costs for January totaled $54,597 variable and $72.000 foved, Answer the following questions about standard costs. Your answer is partially correct What is the materials price variance? (Round per unit calculations to 2 decimal places, c. 1.25 and final answer to 0 decimal places, e.g. 125.) $ 184842 Favorable Materials price variance 7.86/10 Question 1 of 1 Your wer is partially correct What is the materials quantity variance (Round per unit calculations to 2 decimal places, eg 1.25 and finanswer too decimal places 1251 5 2680 Favorable Materials quantity variance Your answer is partially correct What is the total materials variance? (Round per unit calculations to 2 decimal places, 1.25 and final aniwer too decimal places, s. 125.) $ 187722 Favorable Total materiais variance

Answers

Waterways Corporation uses standard costs to evaluate its manufacturing efficiency. These standards are not ideal at this point but the management is working towards that as a goal.

The following are the company's standard costs:MaterialsHem: 63¢ per lbMetal: 12¢ per lbPlastic: $1.00 per lbRubber: 40¢ per lbDirect laborLO: 15 min per unit Cost: $9.00 per hourPredetermined overhead rate based on direct labor hours: 54.2The January figures for purchasing, production, and labor are as follows: The company purchased 228,200 pounds of raw materials in January at a cost of 79¢ a pound.Production used 228,200 pounds of raw materials to make 115,000 units in January.Direct labor spent 18 minutes on each product at a cost of $9.00 per hour.Overhead costs for January totaled $54,597 variable and $72,000 fixed.MATERIALS PRICE VARIANCEThe materials price variance can be calculated using the following formula:MPV = (AP - SP) AQWhere, AP = Actual PriceSP = Standard PriceAQ = Actual QuantityMPV = (79 - 63) 228,200= $36,472 favorableMaterials price variance = $36,472FAVORABLEMATERIALS QUANTITY VARIANCEThe materials quantity variance can be calculated using the following formula:MQV = (AQ - SQ) SPWhere, AQ = Actual QuantitySQ = Standard QuantitySP = Standard PriceMQV = (228,200 - 230,400) 63= $1,390 favorableMaterials quantity variance = $1,390FAVORABLETOTAL MATERIALS VARIANCEThe total materials variance can be calculated as follows:TMV = MPV + MQVWhere, MPV = Materials Price VarianceMQV = Materials Quantity VarianceTMV = $36,472 + $1,390= $37,862 favorableTotal materials variance = $37,862FAVORABLEThe correct answer is:$36,472 favorable materials price variance$1,390 favorable materials quantity variance$37,862 favorable total materials variance

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a. Choose a mode of transportation and discuss FOUR consequences of congestion for the providers and FOUR consequences of congestion for the users. (8 marks) b. Explain FOUR steps that the providers and users can take to limit the impact of congestion on their operations. (8 marks) c Discuss THREE steps that has been taken by the Jamaican government to address the congestion problem in Kingston or Montego Bay. Use relevant examples to illustrate your answer.

Answers

a. Consequences of congestion for a mode of transportation are given.

b. Impact of congestion on their operations is explained.

e. Steps taken by the Jamaican government to address the congestion problem are explained.

a. Consequences of congestion for providers and users for a mode of transportation:

Mode of transportation: Road transport

Providers of road transport: Consequences

Users of road transport: Consequences

Providers' consequences: Increased maintenance costs, Delayed services, Higher operating costs, Loss of potential customers.

Users' consequences: Increased travel time, Reduced reliability, Increased transportation costs, Increased accident risks.

b. Steps that the providers and users can take to limit the impact of congestion on their operations:

Providers: Use advanced technologies for traffic control, Optimize transport schedules, Promote ride-sharing services, Use appropriate vehicle sizes.

Users: Use alternative routes and transport modes, Avoid peak hours of operation, Promote the use of public transport, Encourage carpooling.

c. Steps taken by the Jamaican government to address the congestion problem in Kingston or Montego Bay:

Three steps taken by the Jamaican government to address the congestion problem in Kingston or Montego Bay are:

Implementation of intelligent transportation systems, which include automated traffic signals and variable message signs for real-time information dissemination, to optimize road network efficiency.Improvement of public transportation, which includes the purchase of new buses, the construction of bus-only lanes, and the establishment of park-and-ride facilities to reduce the number of cars on the road.Implementation of a comprehensive traffic management plan, which includes the establishment of a traffic management center to monitor traffic flow and provide real-time information to road users.

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Accounting HW, Please help me! Due in 15 minutes, Midnight, Eastern
Time! thx so much
Northwood Company manufactures basketballs. The company has a ball that sells for $25. At present, the ball is manufactured in a small plant that relies heavily on direct labor workers. Thus, variable

Answers

The Northwood Company manufactures basketballs and currently produces them in a small plant that heavily relies on direct labor workers.

The selling price of the basketball is $25.To proceed with the analysis, we'll need additional information regarding the variable costs and fixed costs associated with the manufacturing process. Variable costs are expenses that change in proportion to the level of production, while fixed costs remain constant regardless of the level of production.Once you provide the specific variable costs and fixed costs associated with manufacturing the basketballs, I can assist you further with your assignment.

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can
u please explain it deeply in 6-7 pages thanks
-Research about a country and give economic details. (

Answers

I will provide information on Japan, a major global economic power known for its technological advancements, export-oriented industries, and highly skilled workforce. Japan has the third-largest economy in the world and is recognized for its automotive, electronics, and machinery sectors.

Japan has a diverse economy with a strong emphasis on high-tech industries and manufacturing. It is home to renowned multinational corporations such as Toyota, Honda, Sony, and Panasonic. The automotive industry is a key contributor to Japan's economy, along with electronics, robotics, and precision machinery. The country has a highly skilled and educated workforce, which has helped drive technological innovation and productivity. Japan invests heavily in research and development to maintain its competitive edge in industries such as pharmaceuticals, biotechnology, and renewable energy. International trade is crucial to Japan's economy, with major trading partners including the United States, China, and countries within the European Union. Japan is a leading exporter of automobiles, electronics, machinery, and chemical products. The services sector also plays a significant role in Japan's economy, with industries such as finance, telecommunications, retail, and tourism contributing to its growth. The government focuses on promoting entrepreneurship, small and medium-sized enterprises, and fostering a favorable business environment. Japan faces challenges such as an aging population, increasing healthcare costs, and the need for sustainable economic growth. The government implements policies to address these issues, including structural reforms, investments in innovation, and initiatives to boost domestic consumption.

In conclusion, Japan's economy is characterized by its technological advancements, export-oriented industries, and skilled workforce. It continues to strive for innovation, sustainability, and economic stability while addressing the challenges posed by demographic changes and global competition.

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What's a good thesis statement for (Overseas job
opportunities and living aboard)?

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A thesis statement is a declarative sentence that summarizes the point you'll make in your paper, usually consisting of 25 words or fewer.

This sentence serves as the introduction to your essay and is critical for creating a successful paper. The thesis statement for "Overseas job opportunities and living aboard" is "Overseas job opportunities provide an incredible opportunity to live abroad and gain an understanding of different cultures while improving oneself."Explanation: A thesis statement is a statement that summarizes the point of the research paper or essay. A thesis statement is usually presented in the introduction section of the essay or research paper.

The thesis statement should be clear, concise and argumentative in nature.Overseas jobs are jobs in foreign countries. They are jobs that require workers to leave their home country and work in another country. Overseas jobs can be highly lucrative and provide an opportunity to live and work in different countriesLiving abroad refers to living in a country other than the one in which you were born and raised. It is a unique experience that provides individuals with an opportunity to explore new cultures and ways of life, as well as to gain a broader perspective on the world.

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ABC Corp. has outstanding accounts receivable totaling €2.54 million as of December 31 and sales on credit during the year of €12.8 million. There is also a debit balance of €6,000 in the allowance for doubtful accounts. If the company estimates that 1% of its net credit sales will be uncollectible, what will be the balance in the allowance for doubtful accounts after the year-end adjustment?

Answers

So, the balance in the allowance for doubtful accounts after the year-end adjustment will be €295,200.

To calculate the balance in the allowance for doubtful accounts after the year-end adjustment, we need to estimate the amount of uncollectible accounts that will be recorded during the next year. Based on the information provided, we know that:

The accounts receivable balance at the end of the year is €2.54 million.

Sales on credit during the year were €12.8 million.

There is a debit balance of €6,000 in the allowance for doubtful accounts.

The company estimates that 1% of its net credit sales will be uncollectible.

To calculate the balance in the allowance for doubtful accounts after the year-end adjustment, we can use the following formula:

Allowance for doubtful accounts = (Total uncollectible accounts * Annual credit sales) / 100

Substituting the given values, we get:

Allowance for doubtful accounts = (€2.54 million * €12.8 million) / 100

Allowance for doubtful accounts = €295,200

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Ivell Packaging Company produces paper and plastic packaging products. All of the following may be considered an initiative undertaken as a part of the company's CSR efforts except.
a.hosting a health and wellness fair for the employees and the community
b.investing funds in equipment to reduce the amount of plastic waste generated by the production process
c.training customer service employees on the latest upgrade to the technology used to take orders from customers
d.installing a cafeteria and coffee shop in response to an employee questionnaire about workplace well-being
Harrison Company uses a balanced scorecard approach to performance measurement, and company executives would like to integrate CSR activities into the company's core strategy. Which of the following statements regarding the appropriate way to make this integration work for Harrison is false?
a.Integrating CSR activities into the BSC creates a sustainability balanced scorecard for Harrison.
b.Harrison may include CSR activities in a separate corporate social responsibility performance perspective.
c.Harrison may integrate CSR strategic objectives into the four original perspectives of the BSC.
d.Harrison will have to remove one of the original four perspectives from its BSC and include CSR activities in a separate performance perspective because the BSC can have a maximum of four perspectives.
To minimize common measures bias when developing divisional balanced scorecards for unique divisions within a corporation,
a.it is important to stop gathering information when the results for the division look good
b.the performance metrics should be treated as strategic objectives in and of themselves within each division
c.each division must focus equally on all four perspectives of the balanced scorecard
d.one division may focus more heavily on a subset of the four perspectives, for example on learning and growth and internal processes, while other divisions focus on different perspectives, such as customer and financial

Answers

a. The initiative that may not be considered as part of the company's CSR efforts is:

c. Training customer service employees on the latest upgrade to the technology used to take orders from customers.

CSR (Corporate Social Responsibility) efforts are focused on the company's impact on society and the environment. Hosting a health and wellness fair (a) benefits both employees and the community, investing in equipment to reduce plastic waste (b) contributes to environmental sustainability, and installing a cafeteria and coffee shop (d) addresses employee well-being. These initiatives align with CSR goals.

However, training customer service employees on the latest technology upgrade (c) is more aligned with improving internal operations and efficiency rather than directly addressing social or environmental concerns, which are the core aspects of CSR.

b. The false statement regarding integrating CSR activities into Harrison Company's core strategy is:

d. Harrison will have to remove one of the original four perspectives from its BSC and include CSR activities in a separate performance perspective because the BSC can have a maximum of four perspectives.

The Balanced Scorecard (BSC) is a strategic management framework that typically consists of four perspectives: financial, customer, internal processes, and learning and growth. Integrating CSR activities into the BSC does not require removing one of the original perspectives. Instead, Harrison Company can include CSR activities in a separate corporate social responsibility performance perspective (b) or integrate CSR strategic objectives into the four original perspectives of the BSC (c). This allows CSR efforts to be aligned with and integrated into the core strategy without limiting the number of perspectives in the BSC (d).

c. To minimize common measures bias when developing divisional balanced scorecards for unique divisions within a corporation:

d. One division may focus more heavily on a subset of the four perspectives, for example on learning and growth and internal processes, while other divisions focus on different perspectives, such as customer and financial.

Common measures bias refers to using the same performance measures across all divisions, which may not adequately capture the unique aspects and goals of each division. To minimize this bias, divisions should focus on different perspectives based on their specific objectives and strategies. Each division does not need to equally focus on all four perspectives (c). Instead, divisions can have different emphases, such as one division focusing more on learning and growth and internal processes, while others focus on different perspectives like customer and financial (d). This ensures that the balanced scorecards for divisions reflect their distinct strategies and priorities.

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Figure 2 Price B PI C F G P2 Demand Gratis 01 02 Refer to Figure 2. Which area represents the increase in consumer surplus when the price falls from P1 to P2? Select one: O a. ACG O b. BCGD O c. DFG O d. ABD

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Figure 2 Price B PI C F G P2 Demand Gratis 01 02, the area that represents the increase in consumer surplus when the price falls from P1 to P2 is option A: ACG . the area representing the increase in consumer surplus when the price falls from P1 to P2 is option A: ACG.

Consumer surplus is an economic concept that describes the economic welfare of consumers that benefit from market transactions that are above the cost they bear, less the amount they pay. It is the net profit that consumers make after deducting their cost of production. Consumer surplus measures the net gain of consumers from buying goods at a lower price than the maximum price they would have agreed to pay.

A graphical representation of consumer surplus The graphical representation of consumer surplus is a triangle-shaped area, which is the difference between the total willingness to pay of consumers and the price at which they actually bought the good. The figure below shows how a consumer surplus can be represented graphically:

Figure 1: Consumer Surplus Graph Representation of Consumer Surplus in the given scenario Since the demand curve shows the amount that consumers are willing to purchase at different prices, an increase in consumer surplus occurs when prices fall. The graph below shows how the increase in consumer surplus is represented in the given scenario:

Figure 2: Increase in Consumer Surplus Graph The increase in consumer surplus occurs between points A and C,

thus the area representing the increase in consumer surplus when the price falls from P1 to P2 is option A: ACG.

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Sandhill Music Company sells three principal types of musical instruments, with varying percentages of gross profit on cost.
Harps Violins Cellos
Gross profit percentage 30% 35% 40%
On May 9, 2017 a fire destroyed Sandhill’s office and the warehouse in which it stored the instruments. To file a report of loss for insurance purposes, the company must know what the inventories were immediately preceding the fire. Unfortunately Sandhill Music Company did not maintain any perpetual inventory records. A general ledger was kept and computer records related to the ledger were backed up to the cloud nightly. You were able to ascertain the following from the general ledger.
Harps
Violins
Cellos
Inventory, Jan. 1, 2017 $ 184,000 $ 110,400 $ 138,000
Purchases to May 9, 2017 138,000 46,000 69,000
Sales Revenue to May 9, 2017 269,100 136,620 218,960
Submit your estimate of the inventory amounts immediately preceding the fire.

Answers

To estimate the inventory amounts immediately preceding the fire, you can use the following steps:

Calculate the cost of goods sold (COGS) for each type of instrument by multiplying the sales revenue by (100% - gross profit percentage). This will give you the cost of the instruments sold up to May 9, 2017.

Subtract the COGS from the purchases made up to May 9, 2017 to determine the cost of the remaining inventory as of that date.

Add the remaining inventory cost to the inventory amount at the beginning of the year (January 1, 2017) to estimate the inventory amounts immediately preceding the fire.

Here's an example calculation for the harps:

COGS for harps = Sales revenue for harps * (100% - 30%)

= $269,100 * 70%

= $188,370

Remaining inventory cost for harps = Purchases for harps - COGS for harps

= $138,000 - $188,370

= -$50,370 (a negative value indicates that the cost of goods sold exceeds the purchases, which may indicate a shortage of inventory or errors in recording)

Estimated inventory amount for harps immediately preceding the fire = Inventory at the beginning of the year + Remaining inventory cost

= $184,000 + (-$50,370)

= $133,630 (estimated inventory amount)

Repeat the same calculation steps for violins and cellos using their respective gross profit percentages and available data.

Please note that this is a simplified explanation and you may need to consider additional factors or make certain assumptions based on the specific requirements of the problem.

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E2-11 (Algo) Inferring Investing and Financing Transactions and Preparing a Balance Sheet LO2-4, 2-5 During its first week of operations ending January 7, FastTrack Sports Inc. completed six transactions with the dollar effects indicated in the following schedule: Accounts Cash Notes receivable (short-term) Store fixtures Land Notes payable (due in three months) Common stock (i5,000 shares) Additional paid-in capital Dollar Effect of Each of the Six Transactions 2 4 $15,000 $80,000 $18,000) $14,800) $(9,400) 4,800 9,400 20,000 $6,0 80,000 12,000 6,0 1,300 13,700 Required: 2. Prepare a classified balance sheet for FastTrack Sports Inc. on January 7. FASTTRACK SPORTS INC. Balance Sheet Aeeete Ilahilities nuary 7, FastTrack Sports Inc. completed six transactions with chedule: Ending Balance Dollar Effect of Each of the Six Transactions 1 2 3 4 5 6 $ 15,000 $ 80,000 $(8,000) $(4,800) $(9,400) 4,800 9,400 20,000 $6,000 80,000 12,000 6,000 1,300 13,700 Track Sports Inc. on January 7. 2. Prepare a classified balance sheet for FastTrack Sports Inc. on January 7. FASTTRACK SPORTS INC. Balance Sheet Assets Liabilities Current assets: Current liabilities: Total current assets 0 0 Total current liabilities Stockholders' Equity Total stockholders' equity 0 Total liabilities and stockholders' equity 0 0 Total assets $ $

Answers

To prepare a classified balance sheet for FastTrack Sports Inc. on January 7, we need to categorize the assets and liabilities into their respective classifications. The given information provides the dollar effects of each transaction, which we will use to determine the ending balances.

Assets:

- Current assets: Cash, Notes receivable (short-term)

- Property, plant, and equipment: Store fixtures, Land

Liabilities:

- Current liabilities: Notes payable (due in three months)

Now, let's calculate the ending balances for each account:

1. Cash:

Beginning balance: Not provided

Ending balance: $15,000

2. Notes receivable (short-term):