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3 years ago

Whats the difference between the salary and hourly calculator? pleaseeee helpp

1 answer:

5 0

The main difference between the salary and hourly calculator is that the salary calculator is paid to an employee on the basis of an annual amount that is known as salary and hourly calculator is based on the hourly payment. This is the basic difference between the salary and hourly calculator. For a salaried employee, the number of hours worked in a month can vary without affecting the total salary fixed. In case of hourly calculated payment, the number of hours worked has a direct impact on the payment received. If the number of hours worked is less then the hourly calculated payment will also be less.

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All of the following costs are likely to decrease as a result of better quality except:

swat32

Answer:

The correct answer is (d)

Explanation:

Better quality can help to reduce many costs such as customer’s dissatisfaction cost, inspection cost and warrant and service cost. When customers don't like the quality of the product they are likely to buy the same product from somewhere else that is the dissatisfaction cost. Still, maintenance cost is likely to incur no matter how good the quality is. Maintenance cost helps to keep the product clean and fresh for long-term use.

5 0

3 years ago

Which category would be the combination of employee benefits in payment for under

Bess [88]

The category would be,

1.) House Rent allowance

2.) Medical Allowance

3.) Conveyance Allowance

4.)Basic Salary

8 0

3 years ago

For 2018, Rest-Well Bedding uses machine-hours as the only overhead cost-allocation base. The direct cost rate is $6.00 per

maria [59]

Answer:

Predetermined manufacturing overhead rate= $6.875 per machine-hour

Explanation:

Giving the following information:

The estimated manufacturing overhead costs are $275,000 and an estimated 40,000 machine hours.

To calculate the predetermined manufacturing overhead rate we need to use the following formula:

Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Predetermined manufacturing overhead rate= 275,000/40,000

Predetermined manufacturing overhead rate= $6.875 per machine-hour

3 0

3 years ago

Joe Santos owns the only pizza parlor in a small town that is also home to a McDonald's, a Taco Bell, and a Kentucky Fried Chick

astra-53 [7]

Answer:

True

Explanation:

A more precise way to describe the situation is that Joe's pizza parlor is a monopolistic competition. But that definition considers that all 'food' items have some degree of close substitute relation.

But yes, if you consider this two conditions:

a broad definition of monopoly
other restaurants are not considered close substitutes for the food sold at the pizza parlor

Then yes, Joe has monopoly

5 0

3 years ago

A company is experiencing lower than expected sales. The company’s executives agreed that in order to make up some of the lost r

kicyunya [14]

Answer:

a) The Common stockholder are the stakeholders

b) It is good business practice and ethical

c) $200,000 increase in income before tax

d) Advise the stakeholders based on the calculations made and effect on profit before tax.

Explanation:

The Question is divided into 4 parts and each will be answered as follows

a) Identify the stakeholders in the case: The stakeholders in such a case are the common stock holders.

The objective of any organization as well as its board of executives is to maximize the wealth of the stakeholders or shareholders. As such, any drag in sales will impact profit and lower profit means lower dividend or interest for stakeholders. Any decision taken therefore, will affect the common stock holders the most.

b) Determine whether the proposed change in assets’ useful life is unethical or good business practice?

The ethical nature of the proposed change in assets' useful life is based on how it affects industry practice

Since, its proposal will lead to the company's alignment with industry standard and practices, it means it is ethical and in line with good business practice

Furthermore, since it will lead to an increase in the company's dragging profits, then the common stock holders and every other stakeholder in the organization will have restored confidence in the company. Hence, it is both ethical and good business practice.

c) Determine the effects of executives’ proposed changes on the income before taxes for the year of proposed change?

Initial Depreciation/year ($4,400,000-$400,000)/ 8 $500,000

The proposed Depreciation ($300,000)

($4,400,000-$1,000,000-$400,000)= $3,000,000

$3,000,000/ (12 -2 years)= $300,000

The difference $200,000

This difference represents an increase in income before tax is deducted

d) State what you would do if you were in charge of making the change.

I will primarily advise the stakeholders based on the options available as follows:

If profitability is paramount, in order to ensure that stakeholders enjoy maximized wealth then, we should take the decision to change the depreciation estimates.

Of course, there is also the need to remind everyone that the increase in income before tax also leads to an increase in tax.

5 0

3 years ago