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iVinArrow [24]
2 years ago
14

Quincy is the HR manager who is preparing for the launch of a new product line. The company needs to know how many new customer

service representatives to add to help customers with questions and concerns about the existing and new products. To guide the company, Quincy needs information about the number of employees currently providing customer service, the number likely to be in those jobs next year, and the number expected to move to other positions in the organization. The information will be easier to organize and interpret if Quincy uses a(n)
Business
1 answer:
Evgen [1.6K]2 years ago
6 0

The information will be easier to organize and interpret if Quincy uses Transitional Matrix.

<h3>What is the Transitional Matrix ?</h3>

Transitional matrix a chart that lists job categories held in one period and shows proportion of employees in each of those job categories in a future period. Its Allows the organization to plan how to address these challenges.

<h3>What is the Transitional Matrix in HR ?</h3>

A transition matrix, or Markov matrix, can be used to model the internal flow of human resources.  These matrices simply show as probabilities the average rate of historical movement from one job to another. To determine the probabilities of job incumbents remaining in their jobs for the forecasting period.

Learn more about Transitional Matrix on:

brainly.com/question/27985169

#SPJ4

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A team of engineers has decided to design a new shoe for people suffering
beks73 [17]

Answer:

A. Look at the trial's results to see how the design can be improved.

Explanation:

This type of shoe is special because it is produced for a particular customer profile that has a health problem characterized by foot pain. Thus, engineers need to create a design that can minimize such pain before the product is produced on a large scale. This necessarily goes through a set of impact, damping and comfort tests. Throughout testing engineers will refine the product to the right design that will improve the well-being of clients with foot pain.

4 0
3 years ago
Read 2 more answers
Blossom Construction Company uses the percentage-of-completion method of accounting. In 2021, Blossom began work on a contract i
Veseljchak [2.6K]

Answer:

Blossom Construction Company

The gross profit that should be recognized in 2021 is:

= $5,500,000.

Explanation:

a) Data and Calculations:

Contract price = $47,500,000

Others:

Billings during the year $21,500,000

Collections during the year $10,500,000

Costs incurred during the year $22,000,000

Estimated costs to complete as of December 31 $16,000,000

Total estimated costs to complete = $38,000,000 ($22 + $16 million)

2021 Revenue = $22/$38 * $47.5 = $27,500,000

Costs incurred during the year =       22,000,000

Gross profit to be recognized =         $5,500,000

b) The percentage-of-completion method of accounting for long-term contract measures the percentage of costs incurred in each year against the contract price to determine the revenue which can be attributed to the year.

8 0
3 years ago
The diamond-water paradox arises because Multiple Choice the marginal utility of certain products increases, rather than diminis
Nostrana [21]

The diamond-water paradox arises because essential goods may be cheap while nonessential goods may be expensive.

<h3>What do you mean by diamond-water paradox?</h3>
  • The dilemma of value, also referred to as the diamond-water paradox, describes the significant disparity in cost between some important items and non-essential ones.
  • In a market economy, the cost of many necessities for human life is significantly lower than the cost of less necessary necessities.

<h3>Why does the paradox of value between diamonds and water arise?</h3>
  • Water is clearly more valuable as a scarce resource than the luxury of having a diamond.
  • Customers are forced to decide whether to buy one more diamond or one more unit of water as demand rises.
  • The concept of marginal utility describes this idea.

<h3>Why is marginal utility for diamond High?</h3>
  • Diamonds, Due to the limited availability of diamonds, people are likely to operate near the vertical axis, somewhat high on the marginal utility curve.
  • In other words, the amount consumed is not that large.

Learn more about diamond-water paradox here:

brainly.com/question/13530249

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4 0
2 years ago
Zach wants to take his family on a cruise in 4 years and he estimates the cost of the cruise will be $16,500. How much money sho
Law Incorporation [45]

Answer:

$118.83 per month that Zach must save.

Explanation:

This is a future value annuity as we know the cruise will cost $16500 in 4 years time as estimated by Zach for the cruise.

Fv is the future value for the annuity which is $16500

we also have i the interest rate which is 3.99% monthly

n is the number of periods in which the monthly amount is saved 4 x 12 =48

now we will substitute to the following formula and solve for C the monthly payments that Zach saves for the cruise:

Fv =C [((1+i)^n -1)/ i] now we substitute

$16500 = C[((1+3.99%)^48 -1)/3.99%)] then solve for C

$16500/[(1+3.99%)^48 -1)/3.99%] = C

C = $118.83 that Zach must save per month for 4 years to afford the cruise.

6 0
3 years ago
What asset might a bank use as collateral for a mortgage?
Natalka [10]
A house is the most common
8 0
3 years ago
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