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AysviL [449]
3 years ago
9

Network Inc, a British software company, is setting up a new firm in India. Nathan, the manager, has arranged a training program

where all the employees will be taught two Indian languages and will be introduced to Indian customs, values, and attitudes. This training program is an attempt to bridge the gap in _____ differences.
Business
1 answer:
olasank [31]3 years ago
3 0

Answer: This training program is an attempt to bridge the gap in adopting technical knowledge, language barriers and sharing best practice ideas of differences.

Explanation:

In this case, Manager Mr. Nathan has attempted to impart the training schedule for all employees working in the Network Inc. India is the land of diversified cultures and languages. By training the employees to learn the traditional values of the Indian countries. Languages actually reflect the ethics and social behavior originating from beliefs starting from the ancient civilizations of India.

The trainees will get an advantage to forgo the difference of gap in knowing technical expertise. The old ideas in any two Indian languages can teach some business tactics and can share the minute observation which can present in the business objectives. At the same time, the proof of linguistics basics can also be shared by learning old Indian Languages like Tamil and Sanskrit.

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On July 1, Wildhorse Co. purchases 560 shares of its $5 par value common stock for the treasury at a cash price of $10 per share
vodomira [7]

Answer:

Please see the journal entries for the two treasury stock transactions.

Explanation:

• Purchase of treasury stock

Treasury stock Dr $5,600

To Cash account Cr $5,600

(Being the purchase of treasury stock that is recorded)

For recording the above, treasury stock was debited because it increased the treasury while cash credited because it decreased the assets.

• Sale of treasury stock

Cash account Dr $4,070

To Treasury stock Cr $3,700

To paid in capital- treasury stock Cr $370

Explanation

° Purchase of treasury stock

Treasury stock

= 560 shares × $10 per share

= $5,600

° Sales of treasury stock

Cash receipt

= 370 shares × $11 per share

= $4,070

Treasury stock

= 370 shares × $10 per share

= $3,700

Paid in capital treasury stock

= 370 shares × ($11-$10)

= $370

4 0
3 years ago
Glassworks Inc. produces two types of glass shelving, rounded edge and squared edge, on the same production line. For the curren
jenyasd209 [6]

Answer:

Overhead Cost Category (Activity Cost Pool)       Cost

Supervision                                                             $2,160

Depreciation of machinery                                  $28,840

Assembly line preparation                                  <u> $23,000</u>

Total overhead                                                     $54,000

Supervision

Direct labor cost ($) $6,200 $11,800 $18,000

Depreciation of machinery

Machine hours 400 hours 800 hours 1,200 hours

Assembly line preparation Setups (number)

32 times 93 times 125 times

1)

overhead costs assigned to Rounded Edge

supervision = $2,160 x ($6,200 / $18,000) = $744

depreciation = $28,840 x (400 / 1,200) = $9,613

assembly line preparation = $23,000 x (32/125) = $5,888

total overhead costs = $16,245

overhead costs assigned to Squared Edge

total overhead costs = $54,000 - $16,245 = $37,755

2)

total costs assigned to Rounded Edge

materials $9,500

direct labor $6,200

overhead $16,245

total $31,945

cost per foot = $31,945 / 10,500 = $3.0424 per foot

total costs assigned to Squared Edge

materials $21,600

direct labor $11,800

overhead $37,755

total $71,155

cost per foot = $71,155 / 14,000 = $5.0825 per foot

3)   The average cost per foot of Rounded Edge decreased because lower overhead costs were allocated to their production.  

The average cost per foot of Squared Edge increased because higher overhead costs were allocated to their production.  

4 0
3 years ago
A July sales forecast projects that 5,000 units are going to be sold at a price of $12.50 per unit. The management forecasts 2%
Pavlova-9 [17]

Answer:

P_i = 5000 units *12.5\frac{dollars}{unit} = 62500 dollars

And for the new case we know that the sales increase by a factor of 2%, so then we can find the new number of sales like this:

1.02*5000 units= 5100 units

And the Total August sales would be given by:

P_f = 5100 units *12.5 \frac{dollars}{unit}= 63750 dollars

And the correct answer for this case would be:

$63,750

Explanation:

For this case the original number of sales for this case is 5000 units and the unitary price is given by 12.5 \frac{dollars}{unit}

And the total sales for the original case would be given by:

P_i = 5000 units *12.5\frac{dollars}{unit} = 62500 dollars

And for the new case we know that the sales increase by a factor of 2%, so then we can find the new number of sales like this:

1.02*5000 units= 5100 units

And the Total August sales would be given by:

P_f = 5100 units *12.5 \frac{dollars}{unit}= 63750 dollars

And the correct answer for this case would be:

$63,750

7 0
3 years ago
Locating close to suppliers reduces these cost
noname [10]
Locating close to the raw material supplies can reduce where raw materials are heavy and large quantities are used up in production costs. This is particularly true for industries like steel, which uses large quantities of iron ore in the production process.
5 0
3 years ago
On January 2, year 5 Ral Co. leased land and a building from an unrelated lessor for a 10-year term. The lease has a renewal opt
nordsb [41]

Answer:

D) $14,000

Explanation:

Description       Estimated life       Cost        Amortization per year

Sales office           10 years         $47,000           $4,700

Warehouse          25 years         $75,000           $7,500

Parking lot            15 years          $18,000            $1,800

total                                                                      $14,000

Even though the useful life or the warehouse and parking lot is longer than 10 years, since the lease contract is only for 10 years, then it must be depreciated in 10 years.

6 0
3 years ago
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