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kicyunya [14]
3 years ago
8

You want the salespeople on your staff to perform at their best, thus you want to make sure they are properly supervised. In det

ermining span of control—the optimal ratio of sales representatives to sales managers—you will consider all of the following factors except:
Business
2 answers:
statuscvo [17]3 years ago
8 0

Answer: The number six is given as the effective span, but as the number of subordinates supervised increased so the number of relationships between them and their supervisor also increases this is the limiting factor.

Explanation:

span of control refers to the number of subordinate who can effectively supervised directly by one manager,supervisor or other person in authority. Sometimes the number six is given as the effective span but this can only be applicable in few cases. The number in fact depends on several circumstances. It has been shown that as the number of subordinates supervised increased so the number of relationships between them and their supervisor also increases but disproportionately. However, the following factors must be taken into consideration when determining the amount of supervision an organization need

1 the ability of those being supervised

2 the complexity of the work done

3 The consistency of operations

4 How effective is the communication process

5 the ability and the personality of the supervisor

6 The level of Labour turnover of the organization.

The ability of those being supervised, we mean how competent and well trained are the workers being supervised, if they are competent they will need less supervision

The complexity of the work done we mean, that if the work is more complex then closer supervision of the workers is needed.

The consistency of the operation we mean,that if the work varies a good deal of supervision will have to be given by the supervisor.

How effective is the communication process we mean that the supervisor must be able to make his instructions clear and understandable to his subordinates

The ability and personality of the supervisor we mean that if the supervisor is technically competent and fully conversant with the work of his subordinates the workers will give such supervisors the deserved respect

The level of labour turnover we mean that when there is constantly changing workforce in an organization, then there is need to be training them and supervising their work closely untill they are fully competent on the job.

lbvjy [14]3 years ago
3 0

Answer:

Factors to consider:

1. Specialisation role

2. Complexity of sales process

3.Tenure

4.Geographical coverage

5. Sales Representative leadership

6. Support network

7. Internal Bureaucracy

8. Value add of managers

Factors not to consider;

1. Market share

2. Production process

3. Distribution process

4. Personal affiliation, race or religion

Explanation:

When considering a company's span of control, which simply means the number of junior staff a manager should manage, it is important to note factors relating to geographical coverage, a wide coverage can create difficulties in supervision to a manager. Consequently reducing the span of control.

Specialisation also help in ensuring the manager is an expert in the area he or she supervise. Experienced manager with good understanding of the tasks, good knowledge of the workers and good relationships with the workers, will be able to supervise more workers

The complexity of a sale process can affect a manager's supervision performance. if the sale process for example require an online payment to a final user who may not be physically available. Supervising such sales requires adequate training.

Other factors like; Tenure, Sales Representative leadership, Support network, Internal Bureaucracy, Value add of managers are paramount in determining span of control. However, market share, production process, distribution process and personal affiliation, race and religion should not affect the span of control.

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The Woods Co. and the Speith Co. have both announced IPOs at $69 per share. One of these is undervalued by $16, and the other is
lana [24]

Answer:

(a) $18,000

(b) $3,600

Explanation:

(a) Profit would be:

= (No. of shares × Undervalued) - (No. of shares × Overvalued)

= (1,800 × $16) - (1,800 × $6)

= $28,800 - $10,800

= $18,000

(b) Only half your order will be filled.

With rationing (and being an uninformed investor) we expect our profits:

= (No. of shares × Undervalued) - (No. of shares × Overvalued)

= (900 × $16) - (1,800 × $6)

= $14,400 - $10,800

= $3,600

6 0
3 years ago
An increase in money supply causes the real interest rate to ________ and the price level to ________ in long-run general equili
viva [34]

An increase in money supply causes the real interest rate to remain unchanged and the price level to rise in long-run general equilibrium.

Unlike partial equilibrium analysis, which only examines individual markets, general equilibrium analysis examines the entire economy. In an economy with several markets operating concurrently, general equilibrium illustrates how supply and demand interact and tend toward balance.

By attempting to demonstrate that the interaction of supply and demand will lead to an overall general equilibrium, general equilibrium theory seeks to explain the behavior of supply, demand, and prices in a large economy with several or many interacting markets.

Learn more about equilibrium here

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5 0
1 year ago
Leggio Inc. issued bonds with a 30-year maturity one year ago. The bonds have a 7% coupon, make one payment per year, and sold a
Talja [164]

Answer:

$1,302.82

Explanation:

The computation of the price that need to sell the bond is shown below:

Here we calculate the present value for the same

Given that

RATE = 5%

NPER = 30 - 1 = 29

PMT = $1,000 × 7% = $70

FV = $1,000

The formula is shown below:

=-PV(RATE;NPER;PMT;FV;TYPE)

After applying the above formula, the present value is $1,302.82

3 0
3 years ago
On March 1, 2019, Rasheed Company assigns $825,000 of its accounts receivable to the Third National Bank as collateral for a $60
marta [7]

Answer:

A.Dr Cash 579,375

Dr Finance charge 20,625

Cr Loan payable 600,000

Dr Accounts Receivable Assigned 825,000

Cr Accounts Receivable 825,000

b) Dr Cash 750,000

Cr Sales discounts 8,000

Cr Sales returns 22,000

Cr Accounts Receivable Assigned 720,000

c)Dr Loan Payable 600,000

Cr nterest expense 4,000

Cr Cash 596,000

Explanation:

a. Preparation for March 1, 2019, journal entry for Rasheed Company

March 01,2019

Dr Cash 579,375

(600,000-20,625)

Dr Finance charge (825,000*2.5%) 20,625

Cr Loan payable 600,000

(Loan amount received)

March 01,2019

Dr Accounts Receivable Assigned 825,000

Cr Accounts Receivable 825,000

(Assigning Accounts receivable)

b.Preparation of the journal entry for Rasheed's collection of the amount of $750,000 of the accounts receivable during March of 2019

March, 2019

Dr Cash 750,000

Cr Sales discounts 8,000

Cr Sales returns 22,000

Cr Accounts Receivable Assigned 720,000

(750,000-8,000-22,000)

C.Preparation of the journal entry to record this payment.

April 01,2019

Dr Loan Payable 600,000

Cr nterest expense (600,000*8%*1/12) 4,000

Cr Cash 596,000)

(600,000-4,000)

(Loan settled along with interest)

6 0
3 years ago
The risk-free rate is 4.2 percent and the expected return on the market is 12.3 percent. Stock A has a beta of 1.2 and an expect
Fudgin [204]

Answer:

Thus, both the stocks are not priced properly.

Stock A is priced less by 13.92 - 13.1 = 0.82%

Stock B is priced over by 11.4 - 11.247 = 0.153%

Explanation:

Using Capital Asset Pricing Model we have,

Expected return on stock = Rf + Beta(Rm - Rf)

Where Rf = Risk free rate of return

Rm = Expected return on market

Beta = Risk volatility of stock in relation to market

For Stock A

We have expected return = 13.1%

Actual expected return as computed = 4.2 + 1.2(12.3 - 4.2)

= 4.2 + 9.72 = 13.92%

For Stock B

We have expected return = 11.4%

Actual expected return as computed = 4.2 + 0.87 (12.3 - 4.2)

= 4.2 + 7.047 = 11.247%

Thus, both the stocks are not priced properly.

Stock A is priced less by 13.92 - 13.1 = 0.82%

Stock B is priced over by 11.4 - 11.247 = 0.153%

8 0
3 years ago
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