Answer:
(E). Pay policies are important human resource tools for encouraging desired employee behaviors.
Explanation:
A pay policy determines how and when employees will be compensated or paid. Payment may include salary, commission, bonuses, allowances.
The human resources department of an organization is responsible for determining the pay policy and structuring it in such a way that employees are motivated, encouraged and rewarded for their efforts.
Answer: strong matrix
Explanation:
The strong matrix is a structure that would be most appropriate for developing a new, highly innovative product that has strict time constraints
In a strong matrix, it should be noted that the project manager has a wider control and also, the functional departments simply act as the subordinate with regards to the project.
Answer:
$7,200
Explanation:
The computation of the total manufacturing overhead assigned is shown below:
= ($168,640 + $127,840 + $554,400 + $1,078,000) ÷ $514,368
= 375% per direct-labor dollar.
Now
= $514,368 ÷ 8,037
= $64 per DL hour.
And,
= $64 × 30 direct labor hours
= $1920.
So,
Manufacturing overhead is
= 1920 × 375%
= $7,200
Answer:
a. Net income = Sales * profit margin
= $24 million * 10%/100
= $2.4 million
b. ROA = Profit / Total Assets
= $2.4 million / $21.1 million
= 0.11374
= 11.374%
c. ROE = Profit / (Total Assets - Debt)
= $2.4million / ($21.1million - $8.2million)
= $2.4million / $12.9 million
= 0.186
= 18.6%
Answer:
Explanation:
b)
BBB-rated corporate bond:
Face value = 1000
semiannual coupon = 9%/2 = 4.5%
semiannual yield = 10%/2 = 5%
number of payments = 5*2 = 10
PV of bond = PV of maturity + PV of interest
PV of maturity = Face value * PVF(5%;10) = 1000*0.614=614
PV of interest = interest *PVIFA(5%;10) = 45*7.7217= 347.4765
Price of bond = 961.4765
a)
semiannual yield = 8.4%/2 = 4.2%
US treasury security:
PV of maturity = Face value * PVF(4.2%;10) = 1000*0.66271=662.71
PV of coupon = 45*8.03074 = 361.3833
Price of bond = 1024
c) credit spread = BBB yield - risk-free yield = 10% - 8.4% = 1.6%