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Law Incorporation [45]
3 years ago
11

The managers of a car dealership have decided to utilize the Hawthorne effect to increase productivity, which means using camera

s to film employees at work in order to isolate the parts of a job.
a) true
b) false
Business
1 answer:
Leokris [45]3 years ago
5 0

Answer:

False

Explanation:

The change in the behaviour of participants when they are aware that they are being observed is called Hawthorne effect. It can be defined as increase in output in response to being watched.

The term emerged with Hawthorne studies that tested the impact of various working condition variables on the productivity of the employees. Although experts do not believe that there was any Hawthorne effect in Hawthorne studies.  

Hawthornian studies began around 1924 at the western Electric plant in Illinois, Chicago.

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Budgeted Income Statement and Balance Sheet
svlad2 [7]

Answer:

Regina Soap Co.

1. Budgeted income statement for 20Y4:

Sales = $1,000,000

less Cost of Sales = $482,000

Gross Profit = $518,000

less Selling Expenses = $256,000

less Administrative expenses = $135,400

Income before Taxes = $126,600

Federal Income Tax = $30,000

Income after Taxes = $96,600

Retained Earnings b/f = $290,700

less Dividends = 10,800 ($0.15 x 18,000 x 4)

Retained Earnings c/f = $376,500

2. Budgeted balance sheet as of December 31, 20Y4:

Cash $95,800

Accounts Receivable 125,600

Finished Goods 69,300

Work in Process 32,500

Materials 48,900

Prepaid Expenses 2,600

Plant and Equipment 400,000

Accumulated Depreciation—

Plant and Equipment ($196,200) = ($156,200 + 40,000)

Total = $578,500

Accounts Payable $62,000

Common Stock, $10 par 180,000

Retained Earnings 376,500

Total = $618,500

Explanation:

a) Cost of goods manufactured and sold budget:

Direct materials = $220,000 ($1.10  x 200,000 units sold)

Direct labor  = $130,000 ($0.65  x 200,000 units sold)

Factory Overhead:

Depreciation of plant and equipment $40,000

Other factory overhead $92,000 (12,000 + 0.40 x 200,000)

Total = $482,000

b) Selling Expenses Budget:

Sales salaries and commissions $136,000(46,000 + 0.45

x 200,000)

Advertising 64,000

Miscellaneous selling expense $56,000 (6,000 + 0.25 x 200,000)

Total = $256,000

c) Administrative Expenses Budget:

Office and officers salaries $96,400 (72,400+ 0.12  x 200,000)

Supplies 25,000 (5,000 + 0.10  x 200,000)

Miscellaneous administrative expense $14,000( 4,000 + 0.05 x 200,000)

Total = $135,400

d) Sales Budget:

Sales units = 200,000

Sales price = $5.00

Sales Value = $1,000,000

e) Cash Budget:

Beginning Balance - $85,000

Sales - $1,000,000

Cost of sales ($482,000)

Selling Expenses  ($256,000)

Administrative Expenses  ($135,400)

Purchase of Equipment ($75,000)

Payment of Taxes ($30,000)

Payment of Quarterly Dividends ($10,800)

Ending Balance = $95,800

f) Plant and Equipment

Balance - $325,000

Purchase - $75,000

Total = $400,000

g) I could not reconcile the balance sheet balances, which triggered a difference of $40,000, due to time constraint.

4 0
3 years ago
What does the income statement determines ?
nordsb [41]

Answer:

The purpose of the income statement is to show the reader how much profit or loss an organization generated during a reporting period. This information is more valuable when income statements from several consecutive periods are grouped together, so that trends in the different revenue and expense line items can be viewed.

Explanation:

7 0
2 years ago
Blossom Company has the following transactions related to notes receivable during the last 2 months of 2019. The company does no
Sunny_sXe [5.5K]

Answer:

Nov 1    Notes Receivable-C Bohr      66000 Dr

                        Cash                                66000 Cr

Dec 11   Notes Receivable-KR Pine      5400 Dr

                        Sales Revenue                 5400 Cr

Dec 16  Notes Receivable-A Murdock 7200 Dr

                        Accounts Receivable       7200 Cr

Dec 31  Interest receivable                   598 Dr

                        Interest Revenue                598 Cr

Explanation:

We need to calculate the interest accrued on all the notes. We will then add the interests on these notes and credit interest revenue by that amount and debit interest receivable.

<u />

<u>Interest revenue on Note 1</u>

Interest Revenue = 66000 * 0.05 * 2/12 = $550

<u />

<u>Interest revenue on Note 2</u>

Number of days interest is accrued for is 20 days (31-11=20)

Assuming a 360 day year.

Interest revenue = 5400 * 0.07 * 20/360 = $21

<u />

<u>Interest revenue on Note 3</u>

No of days interest is accrued for is 15 (31-16 = 15)

Assuming a 360 day year.

Interest revenue = 7200 * 0.09 * 15/360 = $27

Total Interest revenue = 550 + 21 + 27 = $598

5 0
3 years ago
Amy​ Xia's plant is designed to produce 10 comma 000 10,000 hammers per day but is limited to making 6 comma 000 6,000 hammers p
Sergio [31]

Answer:

60%

Explanation:

The computation of the utilization rate for the plant is shown below:

As we know that

Utilization rate = Actual output ÷ Design capacity

where

Actual output is 6,000 hammers per day

And, the design capacity is 10,000 hammers per day

So by considering the above information, the utilization rate is

=  6,000 hammers per day ÷ 10,000 hammers per day

= 60%

It is always expressed in a percentage form

6 0
3 years ago
Joel wants to buy his best friend a home audio system for his birthday. He initially visits a few electronics stores to look at
meriva

Answer:

Shopping Products

Explanation:

To simply put, we can divide consumer products in convenience speciality, unsought and shopping products. Consumer buying behaviour is an important determinant to classify a particular product in the market. Marketers classify a product based on the behavioral differences of the consumers. Keep in mind that this classification is not based on product but on consumer behaviour.

Shopping Product can be defined as a consumer product that the consumer, in the process of selection and purchase, characteristically compares with others on such base as suitability, quality, price and style.

5 0
3 years ago
Read 2 more answers
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