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Vsevolod [243]
3 years ago
15

Many managers, particularly those who have been with a company for a long time, are afflicted with "____________", which can get

in the way of understanding the true nature of a problem. group think paralysis of analysis normal thinking loyalty bias creative thinking
Business
1 answer:
Paha777 [63]3 years ago
3 0

Answer:

The correct answer is: paralysis of analysis.

Explanation:

To begin with, the name of<em> ''paralysis of analysis''</em> is a term used in the management field in order to refer to the situation where an individual or a group of leaders overthink a particular situation that they have been ordered to solve making the decision-making process to be paralyzed due to that overthinking or overanalyzing. Therefore that it is understandable that many managers are afflicted with paralysis of analysis and that it can get in the way of understanding the true nature of the problem.

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Bunnell Corporation is a manufacturer that uses job-order costing. On January 1, the company’s inventory balances were as follow
Anestetic [448]

Answer:

3.

DR Selling and Administrative Salaries               $240,000

      Manufacturing Overhead                                $150,000

      Work in Process                                                $600,000

CR Wages Payable                                                                      $990,000

4.

Manufacturing Overhead Applied

= 41,000 hours * 16.25

= $666,250

5. Total Manufacturing cost to be added = Raw Materials + Direct Labor + Manufacturing Overhead

= 480,000 + 600,000 + 666,250

= $1,746,250

6.

DR Finished Goods                                             $1,680,000

CR Work in Process                                                                $1,680,000

7.

Ending Balance = Beginning balance + Raw materials + Direct labor + Manufacturing Overhead - Cost transferred to Finished goods

= 18,000 + 480,000 + 666,250 + 84,250 - 1,680,000

= $84,250

9. Predetermined overhead cost - Actual cost = 666,250 - 650,000 = $16,250.

<u>Overapplied</u> as predetermined cost was more than Actual.

12. Finished goods = Beginning balance + Cost transferred from WIP - Cost of goods sold

= 35,000 + 1,680,000 - 1,690,000

= $25,000

13.

Adjusted Cost of Goods sold = Cost of goods sold - Overapplied

= 1,690,000 - 16,250

= $1,673,750

14. Gross Margin = Sales - Adjusted COGS

= 2,800,000 - 1,673,750

= $1,126,350

15. Net Operating Income

= Gross Margin - Selling and Administrative salaries - Selling and Administrative expenses

= 1,126,350 - 240,000 - 367,000

= $519,250

6 0
3 years ago
The management of Elextric Corp., a computer manufacturing company, wants the employees in the organization to contribute to the
ziro4ka [17]

Answer:

<em>The management of Elextric Corp., a computer manufacturing company, wants the employees in the organization to contribute to the quality of the firm by making gradual, continuous improvements in their departments. Given this information, Elextric Corp. embraces an approach known as </em><em><u>Six </u></em><em><u>sigma</u></em>

<em>What</em><em> </em><em>is </em><em>Six </em><em>sigma?</em><em> </em>

<em>Six </em><em>sigma </em><em>refers</em><em> </em><em>to </em><em>a level quality that is near perfection.</em><em> </em><em>It </em><em>strives </em><em>for </em><em>a </em><em>detect </em><em>level </em><em>that </em><em>is </em><em>no </em><em>more </em><em>than </em><em>3</em><em>.</em><em>4</em><em> </em><em>parts </em><em>per </em><em>million</em><em>.</em><em> </em><em>As </em><em>a </em><em>methodology</em><em>,</em><em> </em><em>Six </em><em>sigma </em><em>refers </em><em>to </em><em>DMA</em><em>I</em><em>C </em><em>or </em><em> </em><em>D </em><em>M </em><em>A </em><em>I </em><em>C </em><em>a </em><em>methodology</em><em> </em><em>for </em><em>improvement</em><em> </em><em>named </em><em>after </em><em>its </em><em>five</em><em> </em><em>phases </em><em>of </em><em>d</em><em>efine</em><em>,</em><em> </em><em>measure,</em><em> </em><em>analyze,</em><em> </em><em>improve,</em><em> </em><em>and </em><em>control.</em>

3 0
2 years ago
You are planning your retirement in 15 years. You plan to retire with $3,000,000 and your retirement account earns 4.8% compound
Maslowich

Answer:

The retirement fund will last for 33 years and 7 months

Explanation:

We need to solve for time in an ordinary annuity

C \times \frac{1-(1+r)^{-time} }{rate} = PV\\

C  $15,000.00

rate 0.004 (4.8% divide by 12 month)

PV $3,000,000

time n

15,000 \times \frac{1-(1+0.004)^{-n} }{0.004} = 3,000,000\\

we clear for n as much as we can and solve

(1+0.004)^{-n}= 1-\frac{3,000,000\times0.004}{15,000}

(1+0.004)^{-n}= 0.20

now we use logarithmic properties to solve for n:

-n= \frac{log0.2}{log(1+0.004)

-403.16  

this will be a value in months so we divide by 12 to get it annually

403/12 = 33,5833

we convert the residual to months:

0.5833 x 12 = 6.996 = 7 months

6 0
3 years ago
This is a receipt for a purchase made at a restaurant in
zepelin [54]

Answer:

10.00 , .85 , 8.5

Explanation:

5 0
3 years ago
Read 2 more answers
Parker Industries is a small company with a big name! Parker Industries is actually a one-person company that imports strands of
Tamiku [17]

Answer:

Total fixed costs= $150

Explanation:

Giving the following information:

Parker's only overhead is a storage unit for the inventory that costs $125 a month and a $25 monthly fee for website hosting.

<u>A cost is categorized as fixed because it does not vary with production (in relevant ranges).</u>

In this case, the only two cost that is fixed is the storage and website hosting.

Total fixed costs= 125 + 25= $150

7 0
3 years ago
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