Answer:
Return on Investment = 17%
Explanation:
Return on Investment = Net income from investment / Investment opportunity * 100
Where Net income from investment = (Sales * Contribution margin ratio) - Fixed expenses
Net income = ($1,530,000 * 30%) - $306,000
Net income = $459,000 - $306,000
Net income = $153,000
Return on Investment = $153,000 / $900,000 * 100
Return on Investment = 17%
Answer:
D) normative control
Explanation:
In business, normative controls refers to the practice of managing human resources using actions that shape their behavior. This type of approach focuses on behavior standards or norms more than on actual written policies. Sometimes the norms can even be informal, but that doesn't mean that they are less important.
In this case, Curtis pays a lot of attention to how his employees treat their customers and trains them to do it a certain way that he considers to be effective.
Answer:
Explanation:
The correct amounts are shown below:
1. Assets = Asset balance - depreciation + service revenue
= $60,000 - $925 + $1,500
= $60,575
2. Liabilities = Liabilities balance + employees wages earned
= $20,000 + $410
= $20,410
3. Stockholders' Equity = Equity balance - depreciation + service revenue - employees wages earned
= $40,000 - $925 + $1,500 - $410
= $40,165
4. Net Income = Net income balance - depreciation + service revenue - employees wages
= $9,000 - $925 + $1,500 - $410
= $9,165
Leon is best described as late majority, who are usually influenced by group norms. You can see that here as well - he didn't plan on buying that product, but he was influenced by the group of people around him, his friends, who have all bought it and recommend it to Leon to buy as well. He is "late" because he didn't purchase it immediately, but belongs to the majority, because most people will buy the product nevertheless.
