Answer:
Juan Starts his Car Wash Business and here are the transaction on his one month operation. 1. Juan will start his Car Wash business namely “Fast Carwash” , using his own money amounting
8,000aed.
2. He also borrowed money from the bank amounting 2,000aed as additional to his capital.
3. He spend 500aed on car wash equipment.
4. He also spend 300aed for supplies in his busines paid in cash.
5. Juan got his 1st customer paid in cash amounting of 250aed.
6. After a few days he got his 2nd customer who paid in cash amounting 250aed.
7. Juan needs to replenish his supplies after the 2nd customer so he spend 150aed for supplies but on credit to the supplier.
Answer:
Wow the guy that rick rolls everyone needs help what a loser
Explanation:
The plaintiff and the defendant entered into a three-year contract in which the defendant would be the sole supplier of steel parts that the plaintiff used in its products. A dispute arose after the defendant sought to surcharge the parts sold to reflect increased costs. The plaintiff filed a lawsuit for breach of contract, and the jury returned a verdict in favor of the defendant, finding on a special verdict that there had been a valid modification to the contract, based solely on e-mails between the parties. Is this evidence enough to support a reformation of the contract?
Answer:
Yes
Explanation:
Emails show an agreement between the defendant and the plaintiff and as long as they are proved to be actually between the parties, it is considered evidence.
We must note that the price of the material is one of the most significant elements of any selling or manufacturing agreement and there must be a written agreement on the terms of increase in price to accommodate any changes in the price of the material by both the parties in the agreement.
Is email considered a legal document?As the court found that there has been a modification of the terms of the contract only on the basis of the written e-mails, in my opinion, it is not a valid argument.
Contract Modification Law?Any changes in the terms of the contracts must be included in the new or modified agreement. Thus, in my opinion, it is not a valid reason to form a modified contract unless a new contract is made including the new terms and conditions.
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Consider the following transactions.
1. Receive cash from customers, $16,400.
2. Pay cash for employee salaries, $10,400.
3. Pay cash for rent, $4,400.
4. Receive cash from sale of equipment, $9,400.
5. Pay cash for utilities, $2,400.
6. Receive cash from a bank loan, $5,400.
7. Pay cash for advertising, $8,400.
8. Purchase supplies on account, $4,400.
Required: Post transactions to the Cash T-account and calculate the ending balance.
Cash
Beg. bal. 20,400
End. bal.
Answer:
Ending cash balance is $26,000
Explanation:
Note: See the attached excel file for the Cash T-account.
Cash T-account is an account in which all the cash receipts are debited and cash payments and credited. It should be noted only cash transactions are recorded in the Cash T-account.
The ending balance of a Cash T-account, assuming there is a debit beginning balance, can be calculated as follows:
Ending balance = Beginning balance + Sum of cash receipts - Sum of cash payments
From the attached excel file, we therefore have:
Ending cash balance = $20,400 + $31,200 - $25,600 = $26,000
Mckenna is a high-school student who wants to become a High School Science Teacher. What are the most helpful examples of milestones for this goal? Check all that apply.
1 graduating from college
2 graduating from high school
3 living in another country, and learning the language
4 completing an internship at a newspaper
5 learning to swim
6 volunteering to work in classrooms
answer is 1 2 6
Answer:
2, 1, and 6
Explanation:
McKenna should graduate from high school and apply to college prior to graduation. To be a teacher, McKenna must earn a college degree. After earning a bachelor's degree, McKenna will need to spend time volunteering in a classroom while preparing to take a state licensing test and successfully pass it to be a paid high school teacher in any state's education system.
Answer:
1,2,6
Explanation:
Larned Corporation recorded the following transactions for the just completed month. $76,000 in raw materials were purchased on account.
$74,000 in raw materials were used in production. Of this amount, $64,000 was for direct materials and the remainder was for indirect materials.
Total labor wages of $107,500 were paid in cash. Of this amount, $100,000 was for direct labor and the remainder was for indirect labor.
Depreciation of $199,000 was incurred on factory equipment.
Required:
Record the above transactions in journal entries.
No Transaction General Journal Debit Credit
1 a. Raw materials 90,000
Accounts payable 90,000
2 b. Work in process
Manufacturing overhead
Raw materials
3 c. Work in process
Manufacturing overhead
Wages payable
4 d. Manufacturing overhead
Answer:
1. Dr Raw material $76,000
Cr Account payable $76,000
2. Dr Work in process $64,000
Dr Manufacturing overhead $10,000
Cr Raw material $74,000
3. Dr Work in process $100,000
Dr Manufacturing overhead $7,500
Cr Cash $107,500
4. Dr Manufacturing overhead $199,000
Cr Accumulated depreciation-factory equipment $199,000
Explanation:
Preparation of the journal entries
1. Dr Raw material $76,000
Cr Account payable $76,000
2. Dr Work in process $64,000
Dr Manufacturing overhead $10,000
($74,000-$64,000)
Cr Raw material $74,000
3. Dr Work in process $100,000
Dr Manufacturing overhead $7,500
($107,500-$100,000)
Cr Cash $107,500
4. Dr Manufacturing overhead $199,000
Cr Accumulated depreciation-factory equipment $199,000
In each of the following cases, determine how supply or demand shifts and how the equilibrium changes.
Select the correct answer in each blank space (_______)
a. Smartphones: Microchips used in smartphones become less costly to produce. As a result, the __________________( *Supply of and demand for, *Supply of, or *Demand for) smartphones increase(s), causing the equilibrium price to (*Rise, *Fall, or *Rise, fall or remain unchanged) and the equilibrium quantity to (*Rise, fall or remain unchanged, *Rise, *Fall)
b. ALS medical research funds: The ALS ice bucket challenge goes viral, leading to greater awareness of the benefits of and need for ALS research. As a result, the _____________ ( *Supply of and demand for, *Supply of, or *Demand for) ALS research increase(s), causing the equilibrium price (or opportunity cost) of such research to __________ (*Rise, fall or remain unchanged, *Rise, *Fall) and the equilibrium quantity to __________ (*Rise, fall or remain unchanged, *Rise, *Fall)
Answer:
Supply of
fall
rise
b. demand for
rise
rise
Explanation:
A microchip is a complement in the production of smartphones
Complement goods are goods used together.
If the price of microchips reduces, the cost of making smartphones falls and as a result, the supply of smart phones increases. This would lead to a rightward shift of the supply curve. This leads to a decrease in equilibrium price and an increase in equilibrium quantity
Due to the awareness, the demand for ALS research would increase, this would lead to a rise in price and quantity demanded.
Which of the following would indicate an improvement in a company's financial position, holding other things constant? a. The inventory and total assets turnover ratios both decline. b. The debt ratio increases. c. The current and quick ratios both increase. d. The profit margin declines. e. The EBITDA coverage ratio declines.
Answer:
C (The current and quick ratios both increase.)
Explanation:
An improvement in a company's financial position, holding other things constant indicates the current and quick ratios both increase. Thus, the correct option is (C).
The quick ratio, commonly referred to as the acid-test ratio, is a sort of liquidity ratio used in finance that gauges a company's capacity to use its near-cash or quick assets to rapidly pay off or retire its current obligations.
The current ratio, a liquidity ratio, evaluates a business's ability to pay short-term loans or those that are due within a year.
It shows investors and analysts how a corporation may make the most use of its current assets to pay down its other payables and current obligations.
Therefore, the correct option is "C".
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The 2020 accounting records of Skysong, Inc. reveal these transactions and events.
Payment of interest $10,800 Collection of accounts receivable $189,200
Cash sales 50,900 Payment of salaries and wages 56,900
Receipt of dividend revenue 19,000 Depreciation expense 16,100
Payment of income taxes 15,700 Proceeds from sale of vehicles 12,100
Net income 38,000 Purchase of equipment for cash 21,900
Payment of accounts payable Loss on sale of vehicles 3,100
For merchandise 115,600 Payment of dividends 14,700
Payment for land 73,700 Payment of operating expenses 27,600
Required:
Prepare the cash flows from operating activities section using the direct method.
Answer:
jggggyhhhyhhhhhhhhggggğytfgvb
Based on the statement, explain FIVE (5) reasons why customer relationship is important for business
success.
Answer:
is this your homework?? xD
Explanation:
anyway its because it helps businesses build a relationship with their customers that, in turn, creates loyalty and customer retention. Since customer loyalty and revenue are both qualities that affect a company's revenue, CRM is a management strategy that results in increased profits for a business.
Focus groups an example of what type of research
Answer:
i think focus groups would be case studies? i'm not sure though
Explanation:
Methodology :
Types of research.
Correlational research.
Descriptive research.
Ethnographic research.
Cross-sectional studies.
Longitudinal studies.
Case studies.
A limit buy order is an order to buy if the stock price goes ___ a specified level; a stop buy is an order to buy if the stock price goes ___ a specified level; a limit sell is an order to sell if the stock price goes ___ a specified level; a stop loss is an order to sell if the stock price goes ___ a specified level.
Answer:
YES
Explanation:
After the accounts have been adjusted at April 30, the end of the fiscal year, the following balances were taken from the ledger of Nuclear Landscaping Co.:________.
Felix Godwin, Capital $643,600
Felix Godwin, Drawing 10,500
Fees Earned 356,500
Wages Expense 283,100
Rent Expense 56,000
Supplies Expense 11,500
Miscellaneous Expense 13,000
Journalize the two entries required to close the accounts.
Answer:
April 30
Dr Fees earned 356,500
Cr Income summary356,500
April 30
Dr Income summary 363,600
Cr Wages expense 283,100
Cr Rent expense 56,000
Cr Supplies expense 11,500
Cr Miscellaneous expense 13,000
April 30
Dr Felix Goodwin, capital 7,100
Cr Income summary 7,100
April 3.0
Dr Felix Goodwin, capital 10,500
Cr Felix Goodwin, drawing 10,500
Explanation:
Preparation of the journal entry for the two entries required to close the accounts.
April 30
Dr Fees earned 356,500
Cr Income summary356,500
April 30
Dr Income summary 363,600
(283,100+56,000+11,500+13,000)
Cr Wages expense 283,100
Cr Rent expense 56,000
Cr Supplies expense 11,500
Cr Miscellaneous expense 13,000
April 30
Dr Felix Goodwin, capital 7,100
Cr Income summary 7,100
(363,600-356,500)
April 3.0
Dr Felix Goodwin, capital 10,500
Cr Felix Goodwin, drawing 10,500
The journal entry to transfer completed products from production to finished goods inventory includes which two of the following? (You may select more than one answer. Single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer. Any boxes left with a question mark will be automatically graded as incorrect.)
Debit to Finished Goods Inventory ?
Credit to Work in Process Inventory ?
Credit to Finished Goods Inventory ?
Debit to Work in Process Inventory ?
Debit to Raw Materials Inventory ?
Credit to Raw Materials Inventory ?
Answer:
Debit finished goods inventory
Credit Work in Process Inventory
Explanation:
The journal entry that is required to transfer the completed products from the production stage to finished goods inventory which is the amount of goods in the inventory that have been produced and as well is available and ready for customer to buy will includes to Debit finished goods inventory and to Credit Work in Process. Inventory
Debit finished goods inventory
Credit Work in Process Inventory
(Being to record finished goods inventory)
Wang Company has established the following overhead cost pools and cost drivers for the month of May: Cost Pool Overhead Costs Cost Driver Levels Purchase orders $ 30,000 50 orders Machine setups 50,000 100 setups Electricity 10,000 10,000 kilowatt hours The following information pertains to the actual consumption of activity resources for two sample jobs completed during May. Job M1 Job M2 Number of units produced 500 1,000 Number of purchase orders 15 10 Number of setups 20 10 Number of kilowatt hours 500 1,000 What is the activity-based overhead rate per purchase ord
Answer:
Purchase order activity rate= $600 per order
Explanation:
Giving the following information:
Cost Pool Overhead Costs Cost Driver Levels
Purchase orders $ 30,000 50 orders
To calculate the activity rate for Purchase orders, we need to use the following formula:
Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base
Purchase order activity rate= 30,000 / 50
Purchase order activity rate= $600 per order
Doug works as the Heavy Haul Manager for Lone Star Transportation. He is currently working on a wind farm project and deciding which drivers of his team will work on the project and which field supervisors will work on communicating with GE who is building the wind farm. He is also assigning drivers certain sections of the wind turbines to ensure that the parts are delivered in the correct order for the project. Which of the following management functions is Doug undertaking?
A. Scrutinizing.
B. Planning.
C. Organizing.
D. Envisioning.
E. Controlling.
Answer:
C
Explanation:
An increase in which of the following will increase the return on equity, all else constant I. Total asset turnover. II. Net income. III. Total assets. IV. Debt-equity ratio. I only. I, II, and III only. I and II only. I, II, and IV only. I, II, III, and IV.
Answer:
I and II only.
Explanation:
Return on equity (ROE) is an example of a profitability ratio.
Profitability ratios measures the ability of a company to earn profits from its assets.
ROE = Net income / Average total equity
If ROE increases, it means that net income increases more than average total equity
Total asset turnover = Revenue / average total assets
(Net Income/ Net profit margin) / Total Assets
All else remaining constant, if ROE increases, it means that revenue also increases more than average total asset
Since Net income is the numerator in ROE, it means it would also increase
Total asset and debt equity ratio is not a component of ROE, so the effect of ROE on them can't be determined
In the United States, the federal government enforces antitrust laws and regulations to try to maintain effective levels of competition
True
False
Answer:
True
Explanation:
Trust me ;)
slove for x
11x+3=3x+35
Answer:
x = 4
Explanation:
1. 11x + 3 = 3x+ 35
2. -3x -3 -3x -3
----------------------------
3. 8x = 32
divide 8 from both sides of the equal sign
4. x = 4
Hope that helps
Answer:
11x-3x=35-3
8x=32
x=32:8
6) The ________ section of the statement of cash flows includes increases and decreases in long-term assets. A) investing activities B) operating activities C) non-cash operating activities D) financing ac
Answer:
A) investing activities
Explanation:
The cash flow statement includes three sections which are Operating Activities, Investing Activities and Financing Activities. This means that non-cash operating activities is not a section in the cash flow statement.
In the section, operating activities is where the decrease or increase in the current assets and current liabilities is mentioned. Therefore, this sections does not state the long term assets affects. Financing activities refers to those funds that are affected by the change in non-current liabilities (such as bank loans) and capital.
Investing activities is the part in the cash flow statement where the impact of non-current assets (long term assets) are referred out such as acquisition and/or selling of properties, plant and equipment. Therefore, part A) investing activities is the correct answer.
a. On April 1, the company hired an attorney for a flat monthly fee of $2,500. Payment for April legal services was made by the company on May 12.
b. As of April 30, $2,175 of interest expense has accrued on a note payable. The full interest payment of $6,525 on the note is due on May 20.
c. Total weekly salaries expense for all employees is $14,000. This amount is paid at the end of the day on Friday of each five-day workweek. April 30 falls on a Tuesday, which means that the employees had worked two days since the last payday. The next payday is May 3.
The above three separate situations require adjusting journal entries to prepare financial statements as of April 30. For each situation, present both the April 30 adjusting entry and the subsequent entry during May to record the payment of the accrued expenses.
Answer:
A. Apr 30
Dr Legal fees expense 2,500
Cr Legal fees payable 2,500
May 12
Dr Legal fees payable 2,500
Cr Cash 2,500
B. Apr 30
Dr Interest expense 2,175
Cr Interest payable 2,175
May 20
Dr Interest expense 4,350
Dr Interest payable 2,175
Cr Cash 6,525
C. Apr 30
Dr Salaries expense 5,600
Cr Salaries payable 5,600
May 03
Dr Salaries expense 8,400
Dr Salaries payable 5,600
Cr Cash 14,000
Explanation
Preparation of the adjusting entry for both April 30 and the subsequent entry during May to record the payment of the accrued expenses.
A. Apr 30
Dr Legal fees expense 2,500
Cr Legal fees payable 2,500
May 12
Dr Legal fees payable 2,500
Cr Cash 2,500
B. Apr 30
Dr Interest expense 2,175
Cr Interest payable 2,175
May 20
Dr Interest expense 4,350
(6,525-2,175)
Dr Interest payable 2,175
Cr Cash 6,525
C. Apr 30
Dr Salaries expense 5,600
(14,000*2/5)
Cr Salaries payable 5,600
May 03
Dr Salaries expense 8,400
(14,000*3/5)
Dr Salaries payable 5,600
(14,000*2/5)
Cr Cash 14,000
Precilla Company uses a standard costing system that allows 2 pounds of direct materials for one finished unit of product. During July, the company purchased 40,000 pounds of direct materials for $210,000 and manufactured 12,000 finished units. The standard direct materials cost allowed for the units manufactured is $120,000. The performance report shows that Pricilla has an unfavorable direct materials usage variance of $5,000. Also, the company records any price variance for materials at time of purchase. The actual number of pounds (AQ) of direct materials used to produce July's output was: ___________
a. 20,000 pounds.
b. 25,000 pounds.
c. 12,000 pounds.
d. 40,000 pounds.
e. 24,000 pounds.
Answer:
actual quantity= 25,000 pounds
Explanation:
Giving the following information:
Standard quantity= 2 pounds per units
Production= 12,000 units
Direct material quantity variance= $5,000 unfavorable
Standard price= 120,000/(2*12,000)= $5
To calculate the actual quantity used in production, we need to use the following formula:
Direct material quantity variance= (standard quantity - actual quantity)*standard price
-5,000 = (24,000 - actual quantity)*5
-5,000 = 120,000 - 5actual quantity
125,000/5 = actual quantity
25,000 = actual quantity
Toyna Recruitz is an organization that allows its employees to work from home. Most of the interaction between the employees and the organization takes place through email. Moreover, the organization is able to maintain increased employee performance and satisfaction. Identify the work option offered by Toyna Recruitz to its employees.
Answer:
I DONT KNOW
Explanation:
BRANLIEST PLEASE, THIS ANSWER WORKS
If the government places a $2 tax per bag of potato chips on the producers, what would the consumers of potato chips observe? a. There would be no change in price and the consumer would not notice. b. The government would tax individuals who bought too many potato chips. c. Consumers would pay the full $2 tax in the form of a price increase. d. The price of potato chips would rise by some amount, but by less than $2.
Answer
d. the price of potato hips would rise by some amount
Explanation:
If the government places a $2 tax per bag of potato chips on the producers, then the price of potato chips would rise by some amount, but by less than $2. Option (d) is correct.
What do you mean by Tax?In order to pay for general government services, goods, and activities, local, state, and federal governments must collect mandated payments or charges from citizens and corporations.
While taxes cause deadweight loss, the exact amount depends on a number of factors. The ability of a provider to deliver the desired goods to the customer and the amount that a consumer is ready to spend on a product are two of the most crucial factors. This is an illustration of the economic principle of supply and demand.
The supply curve shows an upward tendency when the price of potatoes rises by $2 tax because more potatoes are supplied. If a non-price element changes, the supply curve shifts to the right.
Therefore, Option (d) is correct.
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Why is the infrastructure used for marketing sales in the past becoming useless for today’s needs?
I’ll give brainlest to the best answer!!
Answer:
The infrastructure used for marketing sales in the past becoming useless for today’s needs is described below in detail.
Explanation:
Public activities are the design of modern life. Whether community or agricultural, the roads that convey our goods, the gutters that preserve our health and wealth, the cables that provide our electricity, and the vessels that transport our water enable society to operate. Every amenity our neighborhoods take for the award is built on preparation, architecture, building, and managing these assets.
Throughout history, people have prospered through improvements in government works.
A new oven will save $100 per year in electricity expense. How much can we afford to pay for this oven if it is expected to last 15 years
Answer:
$557.55
Explanation:
Missing word "The interest rate is 16% per year"
Present Value of annuity of 1 = (1-(1+i)^-n)/i
Where, i = 16%, n=15
Present Value of annuity of 1 = (1-(1+0.16)^-15)/0.16
Present Value of annuity of 1 = 5.575456
Present Value of saving of electricity expense = Annual Saving * Present Value of annuity of 1 = $100.00 * 5.575456 = $557.55. So, the amount we can afford to pay is $557.55
Steve has been given the charge of managing unskilled labor in the production units of his company. These workers are primarily motivated by financial incentives and other perks such as discount coupons and free movie or lunch days. In this scenario, which of the following power bases should Steve primarily use to influence the workers to improve their productivity?
a. Referent power
b. Expert power
c. Reward power
d. Information power
Answer:
c. Reward power
Explanation:
Reward power is the power to influence employees or to impress employees by giving them some reward for doing certain things. The reward is clear and vague . so correct option is c. Reward powerWhich of the following statements about the importance of each competitive factors (but especially such highly influential factors as selling prices, S/Q ratings, and number of models/styles offered) in determining company sales volumes and market shares in a particular geographic region is false
Question Completion:
O Tiny cross-company differences on a highly influential competitive factor (like selling prices, or S/Q ratings or models/styles) nearly always have a bigger impact on company sales/market shares in a region than do large company-to-company differences on less influential competitive factors.
O While it is true that some competitive factors affect the brand choices of buyers more than others, what matters most in determining sales and market shares is competitive effort and the regional average on each competitive factor
O How much differences in the number of models/styles that companies have in their product lines matter in determining each company's unit sales/market share in a region is not a fixed amount but rather is an amount that varies from *big (when model/style differences are also "big") to "small
O In the rare instance that all companies in a region should happen to offer buyers the very same number of differences are "small") to "zero" (when the models/styles offered by rivals are identical). models/styles, then models/styles become a total competitive non-factor and have zero impact on buyer appeal for one brand versus another-in such cases, 100% of the regional sales and market share differences among company rivals stem directly from differences on the other 12 competitive factors.
O Big company-to-company differences in the number of models/styles offered to buyers in a region weigh heavily in accounting for company-to-company differences in branded pairs sold and market share in all four geographic regions.
Answer:
The statements about the importance of each competitive factors (but especially such highly influential factors as selling prices, S/Q ratings, and number of models/styles offered) in determining company sales volumes and market shares in a particular geographic region which is false is:
O Tiny cross-company differences on a highly influential competitive factor (like selling prices, or S/Q ratings or models/styles) nearly always have a bigger impact on company sales/market shares in a region than do large company-to-company differences on less influential competitive factors.
Explanation:
This implies that the following factors drive company sales volumes and market shares in a particular geographic region: competitive effort, differences in the number of models/styles that companies have in their product lines, big company-to-company differences in the number of models/styles offered to buyers in a region, among the other 12 competitive factors.
Two different manufacturing processes are being considered for making a new product. The first process is less capital-intensive, with fixed costs of only per year and variable costs of per unit. The second process has fixed costs of but variable costs of only per unit.
What is the break-even quantity, beyond which the second process becomes more attractive than the first?
the volume at which the second process becomes more attractive is ..... units
Answer:
Hello your question is incomplete below is the complete question
Two different manufacturing processes are being considered for making a new product. The first process is less capital-intensive, with fixed costs of only $49,700 per year and variable costs of $740 per unit. The second process has fixed costs of $391,000 but variable costs of only $160 per unit. a. What is the break-even quantity, beyond which the second process becomes more attractive than the first? the volume at which the second process becomes more attractive is ..... units
answer : At ≥ 589 units the second process becomes more attractive
Explanation:
A) Determine the breakeven quantity that makes the second process more attractive
the second process has a higher fixed cost of $391000
x = volume of sales that makes process 1 as profitable as process 2
sales = fixed cost + Total variable cost
profit = (( selling price ) * X ) - (variable cost * X ) - fixed cost
Assuming the profit made from process 1 = process 2
((selling price * X ) - ( variable cost of process 1 * X ) - fixed cost of process 1 =((selling price * X ) - ( variable cost of process 2 * X ) - fixed cost of process 2
hence ;
x = ( fixed cost of process 2 - fixed cost of process 1 ) / ((variable cost of process 1) - (variable cost of process 2 ))
= ( 391000 - 49700 ) / ( 740 - 160 )
= 588.44 units ≈ 588 units ( both process will yield same profitability
At ≥ 589 units the second process becomes more attractive
Describing Architecture and Construction Work
According to the video, what do workers in this career cluster often do? Check all that apply.
sell products
entertain customers
interact with others
sit for long periods
work outdoors
o focus on details
Answer:
c)interact with others, e)work outdoors, f)focus on details
Explanation:
edge
Answer:
C,E,F
Explanation:
You are the director of marketing. Your department has been doing well, but the company as a whole has been losing revenue steadily each quarter. In an effort to stay in business, the company is reducing the salaries of all employees by 15 percent. You need to inform your employees. Your employees are expecting that there will be a pay reduction and unanimously voted to reduce salaries rather than fire employees to balance the budget.
Which outline would be most appropriate in this situation?
I. Thank employees for being willing to make a sacrifice for the good of the company
II. Inform the employees they will receive a 15% pay cut
III. Restate the facts of the company's financial situation
IV. Explain
A. The reasons why the company needs to take drastic action
B. The benefits of the company's strategy
V. Close with a forward-looking statement.
I. State the facts of the company's financial situation
II. Explain
A. The reasons the company needs to take drastic action
B. The benefits of the company's strategy
III. Inform the employees they will receive a 15% pay cut
IV. Close with a forward-looking statement
I. State the facts of the company's financial situation
II. Provide alternatives the company considered
A. Unemployment
B. Bankruptcy
III. Inform the employees they will receive a 15% pay cut
Answer:
I. Thank employees for being willing to make a sacrifice for the good of the company.
II. State the facts of the company's financial situation.
III. Inform employees that they will receive a 15% pay cut.
IV. Close with forward looking statement.
Explanation:
The company's financial situation has led the managers to decide for a pay cut instead of lay off to improve the financial position of the company and stay in the budget. The company should appraise employees that they understand the company's situation and are willing to accept the pay cut. The director should inform employees about the current financial situation and provide details about the pay cut plan. The email should close with a forward looking statement and a statement that as soon as the situation of company gets better the employees will receive full salaries as always.
Suppose Manuel is the only seller in the market for bottled water and Hubert is the only buyer. The following lists show the value Hubert places on a bottle of water and the cost Manuel incurs to produce each bottle of water:
Hubert's Value Manuel's Costs
Value of first bottle: $10 Cost of first bottle: $1
Value of second bottle: $7 Cost of second bottle: $3
Value of third bottle: $3 Cost of third bottle: $7
Value of fourth bottle: $1 Cost of fourth bottle: $10
The following table shows their respective supply and demand schedules:
Price Quantity Demanded Quantity Supplied
$1 or less 4 0
$1 to $3 3 1
$3 to $7 2 2
$7 to $10 1 3
More than $10 0 4
Use Raphae's supply schedule and Larry's demand schedule to find the quantity supplied and quantity demanded at prices of $2, $5, and $8.
A price of____brings supply and demand into equilibrium.
At the equilibrium price, consumer surplus is_____producer surplus is_____, and total surp is_____.
If Raphael produced and Larry consumed one less bottle of water, total surplus would_____.
if instead, Raphael produced and Larry consumed one additional bottle of water, total surplus would_____.
Answer:
Manuel and Hubert
A price of__$5__brings supply and demand into equilibrium.
At the equilibrium price, consumer surplus is__$2___producer surplus is__$2___, and total surplus is__$4___.
If Manuel produced and Hubert consumed one less bottle of water, total surplus would__$6___.
if instead, Manuel produced and Hubert consumed one additional bottle of water, total surplus would_$6____.
Explanation:
a) Data and Calculations:
Hubert's Value Manuel's Costs
Value of first bottle: $10 Cost of first bottle: $1
Value of second bottle: $7 Cost of second bottle: $3
Value of third bottle: $3 Cost of third bottle: $7
Value of fourth bottle: $1 Cost of fourth bottle: $10
The following table shows their respective supply and demand schedules:
Price Quantity Quantity
Demanded Supplied
$1 or less 4 0
$1 to $3 3 1
$3 to $7 2 2
$7 to $10 1 3
More than $10 0 4
Using Manuel's supply schedule and Hubert's demand schedule to find the quantity supplied and quantity demanded at prices of $2, $5, and $8.
Price Quantity Quantity
Demanded Supplied
$2 3 1
$5 2 2
$8 1 3
At the equilibrium price:
Consumer Surplus = $7 - $5 = $2
Producer Surplus = $5 - $3 = $2
Total surplus is $2 * 2 = $4