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nignag [31]
3 years ago
10

Peter Parker, the HR vice-president of a well-known IT firm, called his team members for a meeting to discuss the measures to be

taken by the company to fight recession. Peter suggested downsizing the workforce and also cutting salaries and benefits of the rest of the employees. Peter's team reached a consensus without critically testing, analyzing, and evaluating his ideas. This is an example of ________.
Business
1 answer:
NikAS [45]3 years ago
8 0

Answer:

groupthink

Explanation:

In team discussions and debates, groupthink is a common phenomenon where team members tend to agree with others without a constructive discussion filled with arguments. It is very common when an authoritative person (manager) is leading the discourse of discussion.

In this example, the reached consensus is an example of groupthink, since the team members did not critically evaluate the troublesome issue.

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Your friend Jeanne is searching for a job and has decided to update her LinkedIn profile. She wants to enhance the credibility o
Vadim26 [7]
I would suggest she’d ask for recommendations from instructors, employers, and colleagues.
7 0
3 years ago
Using the interest formula, compute the interest and maturity values for each of the following notes: Principal Interest Term Ra
Ad libitum [116K]

Answer:

The answer is:

A: I=$76,67    MV=$4076,67

B: I=$293,75  MV=$10293,75

C: I=$138,125 MV=$6638,125

D: I=$36,75    MV=$936,75

Explanation:

Notes are often a key component of how a business finances its operations. For purposes of accounting, it's important to be able to calculate the maturity value of a note to know how much a business will have to pay or receive when the note comes due.

In general, notes are a form of short-term commercial financing. The maturity value is the amount of money that the company would receive when the note comes due.

When you know the principal amount, the rate, and the time, the amount of interest can be calculated by using the formula:

I = P*r*t

I= Total interest

P= principal

r= interest rate

t= time

To calculate the Maturity Value you need to sum the principal to the total interest accumulated over time.

Maturity Value= Principal + Interest

<u>In this exercise:</u>

<u>A:</u>

Principal: $4000    r=11,5%       t=60 days

I=4000*0,115*(60/360)= $76,67

Maturity Value= 4000 + 76,67= $4076,67

<u>B:</u>

Principal: $10,000          r=11.75%        t=90 days

I=10000*0,1175*(90/360)= $293,75

Maturity Value= 10000+ 293,75= $10293,75

<u>C:</u>

Principal= $6,500   r=12.75%          time=60 days

I=6500*0,1275*(60/360)= $138,125

Maturity Value= 6500+ 138,125= $6638,125

<u>D:</u>

Principal= $900     r= 12.25%     time=120 days

I=900*0,1225*(120/360)= $36,75

Maturity Value= 900+ 36,75= $936,75

4 0
3 years ago
​Jupiter, Inc. signed a oneminusyear ​$44,000 note payable at​ 8% interest on April​ 1, 2016. If​ Jupiter, Inc. only adjusts its
choli [55]

Answer:

Dec 31 2016  Interest expense   2640 Dr

                          Interest payable      2640 Cr

Explanation:

the adjusting entry is made at the end of the period which is 31 December 2016 here. The notes pays interest at 8% per annum. So, the total interest due for one year on note payable is,

Interest = 44000 * 0.08 = 3520

Out of this amount of interest payable, 9 month's interest related to  period from April to December. So, at 31 December, we will recognie 9 month's interest as interest expense 3520 * 9/12 = 2640. And debit interest expense account by this figure. As the interest is not paid today, we will credit interest payable.

8 0
3 years ago
Read 2 more answers
If a company increases its sales price per unit for product​ a
Effectus [21]

Answer:

TR decreases if Demand is Elastic, TR increases if Demand is Inelastic

Explanation:

Price Elasticity of Demand is the responsive change in price, due to change in price. Elastic demand means demand responds more to price change, Inelastic demand means demand responds less to price change. Total Revenue is the total receipt value from sales = Price x Quantity

  • If demand is elastic : price & total revenue are inversely related - price increase, demand decrease & price decrease, demand increase.
  • If demand is inelastic : price & total revenue are directly related - price increase, demand increase & price decrease, demand increase

So, If a company increases its sale price per unit of a product :

  • Total Revenue would increase as a result of price rise, if demand is Inelastic
  • Total Revenue would decrease as a result of price rise, if demand is Elastic
7 0
3 years ago
Elly and Frank are a married couple whose combined salaries are $150,000
ivolga24 [154]

Answer:

A. 12,950

Explanation:

8 0
4 years ago
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