The information above to compute the companies' gross profit margin and days inventory outstanding for both years.Margin of gross profit: 53% and 54% 249 and 252 days of inventory are still unpaid.
Sales *100 / Gross Profit = Gross Profit Margin
Sales minus Cost of Goods Sold is gross profit.
Gross Profit: 1,0,498,448 - 4,860,309 = 5,638,139 for the year.Year 2: 4,473,751 GP margin (8,277,782-3,804,031):
Year 1 53%
Year 2 = 54%
Average inventory/cost of sales*365 days = days of inventory.1,320,864 days (3,320,864/4,860,309*365) = 249days 365 = 252 days in Year 2: 2,632,898/3,804,031Stock of finished goods as of December 31, 2014 was $345,000.
Inventory of work in progress as of December 31, 2014: $83,500 Inventory of work in progress as of December 31, 2015: $72,300 2015 manufacturing cost of goods: $918,700.Stock of finished goods as of December 31, 2015 was $283,600.First, we must determine the cost of producing the goods.Cost of goods manufactured: $918,700 + $83,500 - $72,300 = $929,900 Cost of goods manufactured: = Cost of goods manufactured, 2015 + Beginning work in process inventory - Ending work in process inventory.
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negotiators are more likely to provide brutally frank negative feedback to foreign presenters.
German negotiators are more likely to provide brutally frank negative feedback to foreign presenters.
One of the maximum treasured negotiation strategies that may be used towards American negotiators is to lead them to wait as Americans price time highly. A precise indication that a commercial enterprise assembly is crucial is that if higher-stage executives are blanketed withinside the discussion. You understand the type: Negotiators are imaginative, intuitive, empathetic, and emotionally expressive, and feature precise verbal and social skills. Most strikingly, those humans see the large photo with all of the options.
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what are the two types of value creation activities found within a company's operations? (check all that apply.) multiple select question. primary support legal foreign
Production, marketing, and sales, inventory control, research and development, management of human resources and information systems, and company infrastructure are all value-creating activities.
What does creating value through operation management entail?Value creation is the process of changing labour and resources into something that meets the requirements of others. This covers labor-intensive activities like manufacturing, crop cultivation, and other intangible assets like computer code and unique ideas.
Where does value creation come from?Technology, innovation, intellectual property, alliances, management competencies, employee relations, customer relations, community relations, and brand value are some of the primary categories of intangible assets, albeit the intangible components that drive value creation vary by business.
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Which of the following is a good piece of advice to give to individuals who have multiple bosses in a matrix structured organization?
a) Make sure all managers are familiar with your overall workload.
b) Keep conflicts you are experiencing to yourself.
c) Avoid situations where you have multiple managers as they produce more conflict than benefits.
d) Set a schedule so that you work with one manager on certain days and the other manager on the other days.
Power disputes inside matrix groups can be quite violent. A type of organizational structure called a matrix contains numerous reporting managers. Power struggles among the leaders are an issue in matrix organizations.
What are the advantages of reporting to multiple managers in a matrix structure?Dual reporting is used to improve resource allocation among functions and speed up work for the organization as a whole.
What are the advantages of a centralized organizational structure?centralized organizational frameworks' benefits. Fixes accountability through strict top-down supervision. -Removes goal conflict between parties with different viewpoints or interests. -Enables strong leadership and rapid decision-making in emergency situations.
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a firm should invest as long as the funds are available and the expected rate of return is greater than the interest rate. true false
A firm should invest as long as the funds are available and the expected rate of return is greater than the interest rate. This statement is false.
What is risk free interest rate?The risk-free rate of return, sometimes abbreviated to the "risk-free rate," is the rate of return on a fictitious investment with predetermined payments over a predetermined period of time that is presumed to fulfill all financial obligations.
The rate of return provided by an investment with no risk is known as the risk-free rate. The concept of the risk-free rate is somewhat speculative because every investment asset carries some element of risk, no matter how minor. It is commonly understood to refer to the interest rate on short-term government debt.
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as an entrepreneur, personal interests are what drive you to choose a business venture. responses true true false
True, as an entrepreneur, your personal interests are what lead you to pursue a company enterprise.
What is Entrepreneurship?Entrepreneurship is the production or extraction of economic value. According to this definition, entrepreneurship is described as change, frequently including greater risk than is often encountered when starting a business, and may include values other than monetary ones. An entrepreneur is someone who starts and/or invests in one or more businesses, incurring most of the risks and earning the majority of the rewards. The procedure of launching a business is known as entrepreneurship. Entrepreneurs are generally viewed as innovators, providing new ideas, products, services, and business/or operations.
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a survey of purchasing agents shows that professional buyers believe it is important for salespeople to do all of the following except:
Buyer surveys show that purchasing buyers believe it is important for sellers to do all of the following. Remuneration to investors for their investment in the company.
Buyers and buyers consider price, quality, availability, reliability, and technical support when selecting suppliers and goods. Buyers and Buyers purchase products and services for use or resale by organizations. They evaluate suppliers, negotiate contracts, and check product quality.
Buyer or Buyer is an individual or business offering to purchase an agent or property on behalf of another party. Indentation agent or indentation agent (or company) is an alternative term for buyer.
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hearth company uses the units-of-production method to estimate depreciation. the company purchased a new machine for $50,000 that will produce an estimated 350,000 units over its useful life. the estimated residual value of the machine is $3,000. what is the depreciation rate per unit?
$0.40 Depreciation rate per unit = (Cost − Residual value) ÷ Estimated total production= ($50,000 − $3,000) ÷ 3,50,000 units = $0.13 per unit
The percentage at which an asset depreciates over the course of its estimated useful life is known as the depreciation rate. The part of a company's long-term investment in an asset that the company deducts as a tax-deductible expense throughout the period of the asset's useful life is another way to put it.
Depreciation is an accounting technique for spreading out the expense of a tangible item over the course of its useful life. How much of an asset's value has been used is shown through depreciation. It enables businesses to purchase assets over a predetermined length of time and generate income from those assets.
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An employee who is hired by a business by an oral or written agreement is an agent and has been given to act on behalf of the business. a, lingering apparent authority b. valid formation c. express authority d. agency by estoppel
An employee who is hired by a business by an oral or written agreement is an agent and has been given express authority to act on behalf of the business. The Option C is correct.
What is an express authority?In agency law, an express authority means an agent's power to act on behalf of a principal, which is expressly granted by the principal. It could be given in an agency agreement or through clear and express oral instructions.
Most time, the result of an express authority is that the conduct of an agent can legally make representations for the principal or even legally bind the principal in a contract.
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true or false: the initial cost of property, plant, and equipment includes the purchase price and all expenditures necessary to bring the asset to its desired condition and location for use. true false question.
This statement is True that the initial cost of property, plant, and equipment includes the purchase price and expenditures necessary to bring to desired condition and location for use.
What are the fixed assets' original costs?The amount of capital invested in the fixed asset's acquisition or creation determines its initial worth. An asset's initial cost includes paying suppliers, funding for shipping and installation, insurance, and taxes.
what is the significance of the historical cost concept?The historical cost principle is critical because it enables companies to monitor the changing value of their assets over time. This rule makes sure that businesses aren't inflating their financial accounts by taking advantage of shifting market prices.
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professionals are required to deliver services but the competency of the services is never an issue. true false
False, Professionals are required to deliver services but the competency of the services is never an issue.
The performance of work, or the provision of labor, time, or effort, or any combination there of, not involving or connected with the delivery or ownership of a specified end product or goods, or a manufacturing process, is referred to as a service or service.
A tangible item that consumers want or own is referred to as a good. Service is not a tangible or physical entity, but it is still desired by customers. A service can frequently be performed remotely. The terms' goods' and services refer to what consumers consume and spend money on.
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Programs designed to foster ethical behavior are more controversial today because unethical and illegal business conduct continues to occur, even in organizations that have implemented the programs.
a. True
b. False
True
Programs designed to foster ethical behavior are more controversial today because unethical and illegal business conduct continues to occur, even in organizations that have implemented the programs. True
In computing, a program is a selected set of ordered operations for a computer to carry out. the modern computer that John von Neumann outlined in 1945, this system incorporates a one-at-a-time sequence of instructions that the pc follows. usually, the program is put into a storage region available to the laptop. The purpose of the software is to remedy a hassle or to pursue a hobby via innovative expression. In essence, why the programmer decided to create this software. as an example, “the cause of this software is to encourage others to recycle."
Programming is the process of making a hard and fast of commands that inform a pc how to perform an assignment. Programming may be carried out with the use of diffusion of laptop programming languages, inclusive of JavaScript, Python, and C++.
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to complete the project effectively and on time, rebecca and martin need to share information and closely coordinate their efforts. this is an example of .
In order to complete the task both Rebecca and Martin have to coordinate their efforts and this is example of Reciprocal task interdependence.
In order to complete any task there is a need of contribution by all the members of the group. The project should not be done by only one individual of the group instead all the members should do their part of work so that the project gets completed in time. The same happens in case of Rebecca and Martin where they both have to help and coordinate each other's work in order to complete the project on time. In the Reciprocal interdependence method all the members of the task are dependent on each others work but they coordinate with each other to complete the project or task.
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o develop mrp report, you need three piece of information as direct inputs. what are the three key inputs (refer to exhibit 9.5)?
The Master Production Schedule (MPS), Inventory Status File (ISF), and Bill of Materials are the three fundamental inputs of an MRP system (BOM).
What are the top three MRP outputs?Primary reports and secondary reports are both possible MRP output formats. Planned order schedules, order releases, and revisions to planned orders are the three categories of principal reports. Future material orders are specified in terms of timing and amount by planned order schedules.
What inputs are necessary for MRP?Master Production Schedule (MPS), Bill of Materials (BOM), and Inventory Status make up the core MRP inputs (IS). The end-item production completion dates are specified in the master production schedule, which is a time-phased plan.
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What if first american makes a claim against armstead for the bags, rather than making a claim against transportation management and the district of columbia?.
The defendants sought summary judgment, claiming they could not be liable against transportation management and the district of Columbia.
Why is transportation such a necessity?It connects millions of Americans to other people, places, and opportunities, acting as a lifeline for them. In addition, it promotes the growth of prosperous neighborhoods, employment opportunities, the alleviation of traffic congestion, and a cleaner environment. The local and national economy benefit from expenditure on public transportation.
What is the main reason for traveling?The earliest mode of transportation created in an endeavor to cross water was a boat. The first people to cross the sea are generally thought to have been those who invaded Australia between 60,000 and 40,000 years ago, though there is some evidence that sailing expeditions were made as far back as 900,000 years ago.
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Are the statements true, false, or uncertain arguments? An export tax always reduces the exporter's net revenues. It is highly evident which industries will produce more technological spillovers and which less. The bulk of child employment is in the tradeable sector of poor countries. The real cause of child labor is low GDP per capita. Trade restrictions save jobs that are more visible, but result in job losses elsewhere. When trade is diverted away from countries that employ children, the children allocate more time to education. When subsidies are not an option, import tariffs are a second-best policy to promote key industries. The main, perhaps only, concern of U.S. labor unions regarding their fellow workers in developing countries are the working conditions of those foreign workers.
True , an export tax always reduces the exporter's net revenues. It is highly evident which industries will produce more technological spillovers and which less The bulk of child employment is in the tradeable sector of poor countries.
A country's net exports are the value of its overall exports minus the value of its total imports. A fine net export quantity suggests an exchange surplus, even as a terrible quantity means a change deficit. A vulnerable currency trading rate makes a kingdom's exports more competitive in rate.
The internet range includes a variety of exported and imported items and offerings, together with cars, client items, movies, and so on. If a country exports $two hundred billion well worth of products and imports $185 billion worth of products (exports > imports), then it's not exported items are $2 hundred billion – $185 billion = $15 billion.
The leading determinants of net exports are home and foreign earnings, relative charge ranges, alternate prices, domestic and overseas change rules, and options and technology. An exchange inside the charge stage causes a change in internet exports that actions the economic system alongside its combination demand curve.
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what was the main difference between the two phases in terms of the users’ roles? what was the role of the plant manager?
A transformational step for Alstom: of the entirety of the acquisition of Bombardier Transportation | Alstom. At Alstom, we innovate no longer handiest to deliver operationally nowadays but to transform mobility at big, via pioneering smarter and greener mobility answers for all.
Bombardier Inc. is a Canadian manufacturer of aircraft, rail transportation gadgets and structures, and motorized customer products. The enterprise followed its gift call in 1978 and entered the aerospace field in 1986. The headquarters are in Montreal.
The Bombardier CSeries became an excellent aircraft, however, it did not promote so nicely. sales expanded drastically as soon as Airbus took control of the program. Airbus makes this acquisition and has the aircraft been so a success after rebranding to Airbus.
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calculate the adjusting entry to record bad debts expense assuming uncollectibles are estimated using the aging of accounts receivable method based on the percentages below. g
The percentages may be estimates primarily based on an employer's previous records of the collection.
The expected probabilities are then extended by using the whole amount of receivables in that date variety and delivered collectively to determine the quantity of horrific debt expense.
Multiply the overall for whatever period by way of a given percent deemed to be uncollectible, and sum the totals. Assuming that the Allowance for dubious debts has a credit score stability, subtract the amount of the credit balance from the amount envisioned to be uncool- flexible to get the quantity of the adjusting entry.
Increase the terrible debt price account with a debit and reduce the money owed receivable account with a credit.
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which of the following is not a recognized source of it best practices according to itil? a. proprietary knowledge b. industry standards c. training d. auditors
Out of the choices provided above, it can be concluded to state that auditors are not a recognized source of IT practices, according to the guidelines of the ITIL. Therefore, the option D holds true.
An auditor can be referred to or considered as a professional who is responsible for checking and assessment of the accounting records and financial statements prepared by an accounting firm. An auditor verifies the correctness of the accounting records. An auditor, however, is not a qualified person to practice IT activities.
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bell corp. recognized $76,000 in current income tax expense during the year. pretax gaap income was $178,000 and deferred income tax expense is $12,000 for the year. prepare (a) the income tax section of the income statement for bell corp. for the year and (b) the disclosure of current and deferred income tax expense.
The disclosure of current and deferred income tax expense. We are provided the following information in the query.Tax rate as of law is 30%.For the year, pretax income was $80,000 $76,000 is the taxable income.
Now it is possible to calculate: Pretax income for the year minus tax costs Enacted tax rate equals $24,000 ($80,000 x 30%).Tax due is calculated as follows: $76,000 30% = $22,800.Excessive tax liability: Tax expense minus Tax payable equals $24,000 minus $22,800, or $1,200 in total.The following will then be entered into the record:
Debit $24,000 in tax expenses.
Credit the $22,800 in taxes due.
Credit $1,200 in deferred tax obligations.
Consequently, the following are the appropriate choices: deduct a $24,000 tax expense.
d. credit the $22,800 in taxes that are due; e. credit the $1,200 in deferred tax liability.
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does the ccr report provide relevant information that enables their various constituents to evaluate the overall performance and financial conditions
RBI will have constituted a central Knowledge base on Large Credits (CRILC) to capture, store, as well as publish information across all credit history' credit exposures. Organizations Institutions have always been expected to submit research results to CRILC.
The RBI has required all of its regulated entities to provide financial info to all four CICs individually. CICs provide value-added services such as credit reporting as well as statistics to member credit institutions including borrowers for economic uses, based on their unique availability of credit data.
CCR would be a reporting system that requires credit issuers, including such banks, to submit their customers' credit records. This enables financial organizations to make better lending decisions. Credit companies disclose both positive as well as negative credit data under Integrated Credit Reporting.
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marshall company purchases a machine for $1,040,000. the machine has an estimated residual value of $100,000. the company expects the machine to produce two million units. the machine is used to make 600,000 units during the current period. if the units-of-production method is used, the depreciation rate is:
The depreciation rate is always written in a percentage and calculated through a numeral value. Depreciation refers to the decrease in value of a asset over a period of time.
Depreciation rate: Cost of goods sold - Residual Value/ Total units expected to be produced * Actual units produced
Depreciation rate: 1,040,000 - 100,000/ 200,000 * 600,000
= 2,820,000 or 2.82%
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If marshall company buys a machine for $1,040,000 the machine has an expected residual value of $100,000 the company estimates the machine to generate two million units. If the unit of production method is utilized the depreciation rate would be 2.82%
The depreciation rate is calculated as follows: Cost of goods sold - Residual Value/Total projected production * Actual production
Rate of depreciation: 1 040 000 - 100,000 / 200,000 * 600 000
= 2,820,000 or 2.82%
Depreciation is the accounting term for spreading out the expense of a tangible asset over the course of its useful life. A measure of how much an asset has been used is depreciation. It allows companies to invest in assets over a specified period of time and profit from such assets.
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which of the following qualifies for protection under the first sale doctrine? francesco buys an original painting, paints an exact copy of it, and sells it. sofia writes a piece of music and sells the rights to the composition. lucia purchases a book and later resells it to her friend. hugo buys a computer program, copies the code to his own computer, and then sells the program to another person.
Lucia purchases a book and resells the original book qualifies for protection under the first sale doctrine. The correct option is C.
The first sale doctrine is a legal precept that permits the owner of a legally obtained copy of a copyrighted work to dispose of that specific copy in any manner without the owner's consent.
Lucia buys a book, then sells it to her friend later. According to the first sale theory, this is protected. Because Lucia is reselling the original, legitimately obtained copy of the book, she is not required to obtain consent from the copyright holder because of the first sale doctrine.
Thus, the ideal selection is option C.
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Which of the following is an example of a good practice when developing a bad-news message?
Select one:
a.
Dan, a manager at Oak Inc., avoids providing reasons to support the refusal in his bad-news message.
0
b.
Aaron, a manager at Calibon Inc., avoids using "company policy" as a reason in his bad-news message.
0
c.
Meena, a manager at WillWare Inc., avoids emphasizing how her audience will benefit from a decision.
0
d.
Rachel, a manager at TechnoGram Inc., avoids using the inductive approach when developing a bad-news message.
0
0
d. A bad-news statement should be written using passive voice.
Good practice when developing a bad-news message is .Aaron, a manager at Calibon Inc., refrains from citing "business policy" as justification for the bad news. Option B is correct
There are two ways to convey terrible news: either directly express the unpleasant news or soften it by providing an explanation beforehand. Be forthright if the unpleasant news is mild or if your reader anticipates it. Reduce the likelihood of misunderstanding or back-and-forth communication by being clear and succinct. Assist the recipient in comprehending and accepting the news. Keep the receiver in mind while maintaining your trust and respect for the company or organization. Avoid being held accountable or making a false admission of guilt or responsibility.
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why do individuals join unions? higher wages and benefits greater job security influence on work rules and work conditions all of the above none of the above
Individuals join unions for all of the above (Option D).
What is the primary driver behind employees joining a union?Because they are unhappy with the way their bosses treat them, workers join unions. They think that a union would make the workplace better. negatively affects how resources are allocated inside the organization.
What does a union perform?A union is made up of two or more employees who band together to pursue issues like pay, benefits, schedules, and other working terms and circumstances.
Protecting and advancing the interests of its members at work is one of a trade union's primary goals. Most trade unions are free of any employer's influence. Trade unions make an effort, nonetheless, to establish close working partnerships with businesses.
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redmont company's gross salaries and wages are $26,000, and it withholds $3,900 for income taxes and $1,989 for fica taxes, the journal entry to record the employees' pay should include a:
According to the condition, the journal entry to record the employees' pay should include a credit to Salaries and Wages Payable for $20,111. Thus, the correct option is (D).
A journal entry is the act of maintaining or producing records of any economic or non-economic transaction.
A company's debit and credit balances are displayed together with a listing of transactions in an accounting journal. The journal entry can be made up of many records, each of which is either a debit or a credit.
A journal entry is often recorded in the main ledger; however, it may also be entered in a subsidiary ledger before being summarised and rolled forward into the general ledger.
Here,
Gross salaries and wages = $26000
Withhold amount = $3900
Income taxes = $1989
Calculate the total withhold amount as follows:
Total withhold amount = $3900 + $1989
= $5889
Calculate the salaries and wages payable amount as follows:
Amount of salaries and wages payable = $26000 - $5889
= $20111
Therefore, the correct option is (D).
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This is an incomplete question, the complete question is:
Redmont company's gross salaries and wages are $26,000, and it withholds $3,900 for income taxes and $1,989 for fica taxes, the journal entry to record the employees' pay should include a?
Multiple Choice
A. debit to Salaries and Wages Expenses for $20,111
B. debit to Salaries and Wages Payable for $20,111.
C. credit to Salaries and Wages Payable for $26000
D. credit to Salaries and Wages Payable for $20,111.
in the context of iot in the manufacturing industry, which model segments devices and equipment into hierarchical functions?
The Purdue Model for Control Hierarchy segments devices and equipment into hierarchical functions.
A hierarchical organization is an organizational structure in which every entity in the organization, except one, depends only on another entity. This arrangement is a form of hierarchy. In an organization, a hierarchy usually consists of a single power/group at the top with subsequent levels of authority below.
It is the dominant mode of organization among large organizations; Most corporations, governments, organized crime and religious enterprises are hierarchical organizations with different levels of management, power or authority. For example, a broad, high-level overview of the general organization of the Catholic Church includes the pope, then the cardinal, then the archbishop.
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you are the banquet sous chef at a mid-sized hotel prepping for a big event. the food is delivered to the line by a banquet steward, the desserts are delivered by the pastry cook, and the banquet line is staffed with each person adding an element to the plate. this separation of jobs is an example of . a. teamwork b. work specialization c. organizational structure d. scheduled events
Being a banquet sous chef, this separation of jobs is an example of option c. organizational structure.
An organizational structure defines however job titles, roles, and responsibilities are assigned at intervals an organization. It helps confirm who reports to whom, and who makes choices concerning what. Startups typically have a matrix structure structure, with completely different departments operating along on comes.
Organizational structure affects organizational action and provides the muse on that normal operative procedures and routines rest. It does the separation of jobs and work towards the accomplishment of organizational aims.
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prior to collective bargaining for a new labor contract, both the management and the union members of a shoe factory decide that it is important that they discuss the issue of the employment of contingent workers in the organization. both parties thereby include it as a negotiable point for the bargaining session that, if agreed upon, will be entered into the new contract. this point of negotiation falls under the category of .
The category of permitted items includes this area of negotiation.
What is a Contingent Worker?Freelancers, independent contractors, consultants, or other outsourced and non-permanent employees employed on a project-by-project basis are referred to as contingent workers. They may operate locally or remotely. They are not only temporary employees, though; this minimises the complexity and high value of the current contingent workforce. Contingent employees are highly accomplished professionals in their specialties. These employees are employed in accordance with a statement of work (SOW) requirement to carry out certain tasks. When the job is over, they depart, though they might be contacted again if a new project comes along. As a result, they are not business employees, and the owner has no obligation to offer them consistent employment on a permanent basis.
What is the advantages of a Contingent Workforce?The benefits of a contingent labour are mostly financial for business owners. They are exempt from having to deduct taxes from employee paychecks and pay them. They are not required to provide overtime pay, paid sick days and vacation days, or health benefits. This enables them to save on administrative costs related to payroll and human resources, in addition to the large money they would have spent on searching for and hiring permanent staff.
Increased flexibility is a benefit of the contingent labour as well. A contingent worker can be hired to handle the extra work when there is a sudden increase in work or when an urgent project pops up.
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In the design of a compensation plan, a factor over which a sales rep has some control, but which cannot be measured objectively is
A. Number of product demonstrations made.
B. Orders from new accounts.
C. Gross margin by product line.
D. Customer goodwill developed toward company.
E. Number of shelf and window displays obtained.
Option (d), Customer goodwill earned toward the company is a consideration in the formulation of a compensation plan that a sales agent has some control over but that cannot be quantified objectively.
The sales compensation plan should be described. Who created these sales compensation plans, and why?An official mechanism for determining a sales representative's pay based on performance is a sales compensation plan. In addition to other aspects of a salesperson's compensation, it includes information on their base salary, commission, incentives, and benefits.
Which five factors ought to be taken into account by compensation plans?Employers typically base pay on five criteria: the job's responsibilities, what their competitors are paying, how important the position is to the business, how much other employees in related roles are paid in accordance with the company's pay structure, and the budgetary and organizational requirements.
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what is the purpose of commercial loan support in a typical commercial bank? a. to create a consistent and steady stream of cash flow for loan repayment b. to provide adequate capital to run the borrowing business c. to ensure that loan terms and conditions are protected d. to control conditions
The goal of commercial loan assistance in a normal commercial bank is to give the borrowing company enough capital to operate.
What distinguishes a commercial loan from a company loan?
Although theoretically speaking the word "commercial loan" can refer to any loan given to a firm, lenders sometimes use this term to refer to larger loans given to small and large companies. Loans for small businesses are frequently for smaller sums.
Is obtaining a commercial loan simpler?
These loans are typically provided by private businesses and frequently require larger down payments. Compared to a conventional mortgage, the loan is quicker to obtain and easier to qualify for.
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