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2 years ago

The industry-low, industry-average, and industry-high benchmarks on pp. 6-7 of each issue of the Camera

1 answer:

8 0

These are worth careful scrutiny by the managers of all companies because when a company's costs for one or more of the cost benchmarks are deemed "out-of-line," managers need to initiate corrective actions in the next decision round. only have value to the managers of companies whose costs are below the industry averages.

<h3>What do you mean by industry?</h3>

An industry is a group of companies that are related based on their primary business activities.

In modern economies, there are dozens of industry classifications. Industry classifications are typically grouped into larger categories called sectors.

<h3>What are the 4 types of industry?</h3>

There are four types of industry, namely primary, secondary, tertiary and quaternary.

Primary industries involve the activities related to extraction and processing of natural resources, such as agriculture, mining, fishing, etc.

Learn more about industries here:

<h3>brainly.com/question/15843661</h3><h3 /><h3>#SPJ4</h3>

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Bailey Corporation began business on January 2, 2019, with five employees. Its sick leave and vacation policy follow: Each emplo

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Answer:

Answer is explained in the explanation section below.

Explanation:

Given Data:

Business Began on = 2, January, 2019

Number of employees = 5

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Allowed Sick Leaves for each employee = 8 days/year

Paid Leave = 1 day/Month worked

Accrued Vacation condition = Worked for company for at least 1 year

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Part 1:

So, we know that,

The company records its liability to compensated absences for both sick leave.

on quarterly basis (5 x 2 = 10 days).

pay per each employ = $180.

The company records its liability to compensated absences for both sick leave.

On quarterly basis = 10 x 180 = $1800.

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wages expenses $2700

Accumulated wages $2700

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