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lesantik [10]
3 years ago
15

Which of the following firms has a high-performance culture? a. Rexot Bron Inc., a start-up firm that neither focuses on achievi

ng business results nor focuses on building a strong cohesive culture b. Finch & Tyler, a law firm that focuses on meeting its performance goals but pays little attention to cultural values c. Gwen Tech, a marketing firm that emphasizes both culture and performance by aligning corporate values with its day-to-day operations d. Pinot Inc., a product manufacturing firm that focuses on creating a strong culture but does not tie cultural values to performance goals
Business
1 answer:
dsp733 years ago
3 0

Answer:

"C"

Explanation:

A high performance culture is a set of laid down rules (culture ) that an organization observe to achieve outstanding results (performance ) with the primary aim of getting an edge over competitors. It guides the daily activities of employees.

The four major attributes of a high performance culture are Strong leaders , employees involvement , continuous learning environment and flexibility  .

The corporate values of the organization is paramount and every action must be directed towards its achievement.                                                                                                                                      

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On November 21, 2021, a fire at Hodge Company's warehouse caused severe damage to its entire inventory of Product Tex. Hodge est
GuDViN [60]

Answer:

$142,800

Explanation:

Calculation for the estimated loss on the inventory from the fire, using the gross profit method.

First step is to find the Cost of Goods available for sale

Cost of Goods available for sale = $180,000+$156,000

Cost of Goods available for sale= $336,000

Second step is to find the cost of Goods Sold

Cost of Goods Sold = $236,000 - 30%

Cost of Goods Sold = $165,200

Third step is to find the Cost of Goods Sold

Cost of ending inventory = $336,000 - $165,200

Cost of Goods Sold = $170,800

Last step is to calculate the Estimated loss from fire using this formula

Estimated loss from fire= Cost of Goods Sold - Estimated usable damaged goods

Let plug in the formula

Estimated loss from fire= $170,800 - $28,000

Estimated loss from fire= $142,800

Therefore the estimated loss on the inventory from the fire, using the gross profit method will be $142,800

6 0
3 years ago
1. Applying Overhead to Jobs, Costing Jobs Gorman Company builds internal conveyor equipment to client specifications. On Octobe
Nezavi [6.7K]

Answer:

Job           877           878 879        880

Beginning 18,640  

Materials 14,460 6,000    3,500     1,800

Labor        14,800 8,500 1,750      2,150

<em><u>Overhead 11,840 6,800 1,400      1,720    </u></em>

Total       59,740     21,300     6,650      5,670

WIP 21300 + 6650 + 5670 = 33,620

Job 877 59,740 x (1 + 50%) = 89610

Explanation:

The overhead will be calcualte as 80% of the labor cost as tstated in the assignment

Then, the total cost will be the sum of the three cost component added during the period andthe beginnign WIP is there is any,

as job 877 is complete it will be removed from WIP leaving only the other three jobs.

the markup is 50% of the cost so we simply multiply cost by 1.5

8 0
3 years ago
Helpful team members strive to resolve differences and encourage a warm, supportive climate by praising and agreeing with others
Salsk061 [2.6K]

Answer:

The statement is: True.

Explanation:

<em>Helpful team members</em> are those who take advantage of their expertise to help the team achieve its goals faster or at least at the expected time. More than troublemakers they are problem solvers. Helpful team members act proactively, tend do be charismatic and enthusiastic, and motivate others to continue working towards a common goal.

7 0
3 years ago
Puppy Co. reports the contribution margin income statement for 2020.
Oksi-84 [34.3K]

Answer: See explanation

Explanation:

a. Compute the company's degree of operating leverage for 2019.

This will be:

= Contribution / Pre tax income

= 432000 / 108000

= 4

b. If sales decrease by 5% in 2020, what will be the company's pretax income?

We should note that the degree of operating leverage is:

= % change in pre tax income / % change in sales

4 = % change in ore tax Income / 5%

% change in ore tax income = 5% × 4 = 20%

Company's pre-tax income will be:

= 108000 - (20% × 108000)

= 108000 - (0.2 × 108000)

= 108000 - 21600

= $86400

c. Assume sales for 2020 decrease by 5%. Prepare a contribution margin income statement for 2020.

Sales = 2160000 × 95% = 2160000 × 0.95 = 2052000

Less: Variable cost = 1728000 × 95% = 1728000 × 0.95 = 1641600

Contribution margin = 410,000

Less: Fixed cost = 324000

Pre tax net income= 86400

4 0
3 years ago
For this question, assume that the expected rate of inflation is a function of the past year's inflation. Also, assume that the
olga_2 [115]

Answer:

The inflation rate should remain the same or around the same.

Explanation:

Since almost 50 years ago, there has been a very steady relationship between the inflation rate and the unemployment rate in the US. When the inflation rate is lowering, the unemployment rate tends to increase, and vice versa.

In this case the unemployment rate is stable and has been stable for a number of years, so the inflation rate should remain the same as last year's.

4 0
4 years ago
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