The compensation survey showed an average hourly rate of $23 for total compensation. Of this amount, wages are $16 per hour and benefits are $7 per hour. In comparison, Butcher Enterprises spends an average hourly rate of $19 for total compensation. Of this amount, 70 percent is allocated for wages.
1-7. On an average hourly basis, how much does Butcher Enterprises spend on wages and benefits, respectively, in dollars?
Answer:
Hourly wage = 0.7 * $19 = $13.3
Hourly benefit = 0.3 * $19 =$5.7
Explanation:
Butcher enterprises spends average hourly rate of total compensation = $ 19
Allocation for hourly wage = 70%
So therefore;
Hourly wage = 0.7 * $19 = $13.3
Allocation for hourly benefit = 30%
So therefore;
Hourly benefit = 0.3 * $19 =$5.7
Complete Question:
Company uses the percent-of-sales method to estimate uncollectibles. Net credit sales for the current year amount to $500,000, and management estimates 2% will be uncollectible. The amount of expense to report on the income statement was $8,000. The Allowance for Uncollectible Accounts prior to adjustment has a credit balance of $2,000. The balance of Allowance for Uncollectible Accounts, after adjustment, will be
Answer:
The balance of Allowance for Uncollectible Accounts, after adjustment, will be
$10,000
Explanation:
a) Data and Calculations:
Net credit sales = $500,000
Uncollectible estimate = 2% of net credit sales
Uncollectible Accounts expense = $8,000
Allowance for Uncollectible Accounts = $2,000 before adjustment
Allowance for Uncollectible after adjustment = $500,000 * 2% = $10,000
Answer: Train managers to use the appraisal process.
Explanation:
An appraisal system is a reward system, which sets to evaluate the progress of staff, and either promote them or demote them based on their performance. It is important to consider avoiding sentiment when doing this, as it would ruin the effots of the staff and affect work flow. It is advisable that managers should stick to the appraisal methods, and avoid any form of bias that may set in, the best way would be to train managers before appraisal, and carry out a test on them, to know their sense of judgement.
C Ethan
because that is who u are refering to.
