Answer: Employee involvement
Explanation:
Hi, employee involvement occurs in workplaces where the employees make decisions that affect their own work, they participate directly to help the organization reaching its objectives. They suggest and apply work-related ideas that also improve their own motivation.
These types of activities are common in flat organization structures.
Feel free to ask for more if needed or if you did not understand something.
Answer:
The answer is d. Work in Process account.
Explanation:
Work-In-Process (WIP) refers to the materials that have started the production process, but have not yet been completed. The work-in-process inventory account is an asset account that is used to track the cost of the partially finished goods.
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Answer:
There is not enough information to determine the amount
Explanation:
<em>An increase in sales doesn't necessarily mean an increase in before tax income. Sales could increase by 3.8% and the expenses could also increase by a greater/similar percentage leaving behind before tax income constant or decreasing, therefore it's difficult to determine the amount due to lack of enough information. </em>
But, assuming all other expenses remain constant and no change in cost of goods sold then we can say that an increase in sales by 3.8% would be reflected in before tax income with the same percentage. Keeping in mind this assumption, the projected tax expense for 2014 could be as follows:
Lets first calculate current tax rate as follows;
Tax rate= $9.10 m ÷ $51.2 m× 100
Tax rate= 17.77%
Now, lets incorporate projected increase in before tax income.
Projected income = $51.2 m × 1.038
Projected income = $53.1456 million
Tax expense for 2014 = $53.1456 × 17.77%
Tax expense for 2014 = $9.45 million