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user100 [1]
3 years ago
8

Relish Corp. is a famous fast food chain in the United States. However, increasing competition affects the company's market. Nic

holas Cain, the CEO of Relish Corp., creates an online forum for employees to share ideas about innovative methods to attract customers. The forum overflows with new ideas. Nicholas conducts a meeting to discuss the ideas and also introduces a recipe customization counter that becomes a grand success. The company subsequently earns back its customer base. According to path-goal theory, Nicholas Cain exhibits a(n) _____.
Business
2 answers:
Gwar [14]3 years ago
8 0

Answer:

Participative leadership style

Explanation:

Path goal theory is a  leadership theory that specifies the leadership style that should be used in an organization to achieve a goal based on the employees and the working environment. The following steps are to be taken based on the path goal theory:

  1. Determine the employee and environmental uniqueness based on their needs.
  2. Selecting a leadership style and adjusting this style based on the employees need.
  3. Focusing on how to motivate the employee to achieve the goal

Participative leadership style is a style in which leaders involves their subordinates by asking them for suggestions before making a decision. This style is best used when subordinates are highly involved and trained.

suter [353]3 years ago
8 0

Answer:

According to path-goal theory, Nicholas Cain exhibits a (n) participative leader behavior

Explanation:

A path-goal manager is continually supportive of his workers. He believes in their individual skills and is dedicated to helping one and all to succeed. An example of this type of leader is the individual who stays in contact with employees each step of the path.

The original Path-Goal theory identifies achievement-oriented, directive, participative, and supportive leader behaviors.

Nicholas Cain clearly exhibits participative leadership by

  • creates an online forum for employees to share ideas about innovative methods to attract customers.
  • conducts a meeting to discuss the ideas and also introduces a recipe customization counter that becomes a grand success.

His Participative leadership style was effective in that helped the company to subsequently earns back its customer base.

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3 years ago
Sims Company, a manufacturer of tablet computers, began operations on January 1, 2017. Its cost and sales information for this y
Eduardwww [97]

Answer:

1. Prepare an income statement for the year using variable costing.

Sales ( $ 350 × 70,000)                                                                $ 24,500,000

<em>Less </em>Cost of Sales                                                                           $9,100,000

Opening Stock of Finished Goods                                                         0

Add Manufacturing Cost of Finished Goods( $130 ×100,000)   $13,000,000

Less Closing Stock of Finished Goods ($130×30,000)               ($3,900,000)

Contribution                                                                                   $15,400,000

Less Expenses

Fixed Manufacturing Overheads                                                ($ 7,000,000)

Selling and administrative costs:

Variable                                                                                            ($ 770,000)

Fixed                                                                                              ($4,250,000)

Net Income                                                                                      $3,380,000

2. Prepare an income statement for the year using absorption costing.

Sales ( $ 350 × 70,000)                                                                $ 24,500,000

<em>Less </em>Cost of Sales                                                                          $14,000,000

Opening Stock of Finished Goods                                                         0

Add Manufacturing Cost of Finished Goods( $200 ×100,000)  $20,000,000

Less Closing Stock of Finished Goods ($200×30,000)              ($6,000,000)

Gross Profit                                                                                     $10,500,000

Less Expenses

Selling and administrative costs:

Variable                                                                                            ($ 770,000)

Fixed                                                                                              ($4,250,000)

Net Income                                                                                      $5,480,000

3. Under what circumstance(s) is reported income identical under both absorption costing and variable costing

When Production is Equal to Sales

Explanation:

The Variable Costing and The Absorption Costing Differ in two aspects. That is the Accumulation of Product Costs and the Accumulation of Period Costs.

<u>Product Costs</u>

Variable Costing = Direct Labor + Direct Materials + Variable Overheads

                            = $ 60 + $40 + $ 30

                            = $130

Absorption Costing = Direct Labor + Direct Materials + Variable Overheads + <em>Fixed Manufacturing Overheads</em>

<em>                                  = </em>$ 60 + $40 + $ 30 + $70

                                 = $200

<u>Periodic Cost</u>

Variable Costing = <em>Fixed Manufacturing Overheads + </em>Non- Manufacturing Overheads

Absorption Costing = <em> </em>Non- Manufacturing Overheads

<u>Units of Closing Stock Calculation :</u>

Production - Sales

100,000-70,000

30,000

3 0
3 years ago
Break-Even Point Freese Inc. sells a product for 650 per unit. The variable cost is 455 per unit, while fixed costs are 4,290,00
andreyandreev [35.5K]

Answer:

Results are below.

Explanation:

<u>To calculate the break-even point in units, we need to use the following formula:</u>

Break-even point in units= fixed costs/ contribution margin per unit

Break-even point in units= 4,290,000 / (650 - 455)

Break-even point in units= 22,000

<u />

<u>Now, if the selling price is $655, the break-even point in dollars is:</u>

Break-even point (dollars)= fixed costs/ contribution margin ratio

Break-even point (dollars)= 4,290,000 / [(655 - 455) / 655]

Break-even point (dollars)= $14,049,750

6 0
2 years ago
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