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Ierofanga [76]
3 years ago
15

At the turn of the 20th century, piecework pay was the typical organizational reward system. if an organization with a bunch of

bricklayers typically laid bricks at the rate of 100 bricks an hour, but someone new begins work and lays bricks at the rate of 200 bricks and hour, the manager might conclude everyone should be laying bricks at this rate and ______, or lower the pay per brick laid.
Business
1 answer:
kolezko [41]3 years ago
4 0
<span>The manager might conclude everyone should be laying bricks at this rate and "bust the rate", or lower the pay per brick laid. This is done to try and force the workers to lay the bricks faster. The brick layers will try harder to lay the bricks if they want to make up for their previous slow pace. This type of behavior was typical for managers who received more efficient workers.</span>
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Several years ago, Nicole Company issued bonds with a face value of $1,000,000 for $945,000. As a result of declining interest r
sergiy2304 [10]

Answer:

Record the retirement of bonds using discount account:

Retirement of bonds is the reimbursement of bonds. The equalization on the date of reimbursement will be paid-off including interest.  

It is given that the presumptive worth of bonds is $1,000,000 and the present book estimation of bonds is $984,000. They will be recovered at 5% premium. It adds up to $50,000 ($1,000,000 x 5%). On the date of reimbursement, the bond guarantor needs to pay ($1,000,000 + $50,000 + $16,000 ($1,000,000 - $984,000)) to the investor. The overabundance measure of $66,000 ($50,000 + $16,000) paid ought to be perceived as misfortune on bond call.

To record the retirement of bonds, Following are the journal entries:

Debit: Bonds payable = 1,000,000

Debit: Loss on bond call = 66,000

Credit: Discount on bonds payable = 16,000

Credit: Cash [$1.000,000 x (1 + 0.05)] = 1,050,000

[To record the retirement of bonds.]  

7 0
3 years ago
Cash Payments Schedule Fein Company provided the following information relating to cash payments: Fein purchased direct material
love history [14]

Answer: $191,590

Explanation:

August Payments on accounts payable:

From JULY PURCHASES - $77,000 x 80%

$77,000 × 0.8 = $61,600

From August purchases - $73,000 x 20% $73,000 × 0.2 = $14,600

Direct labor payments:

From JULY: $32,300 x 10%

$32,300 × 0.1 = 3,230

From AUGUST: $35,400 x 90%

$35,400 × 0.9 = $31,860

Overhead : $71200 - $6350 = 64,850

Loan repayment - $15,450

Cash payments - $191,590

Loan repayment :

[Loan + ( loan × rate × period)

[15000 + (15000 × (9/100) × 4/12)]

15000 + 450 = $15,450

Cash payment for August :

15450+64850+31860+3230+14600+61600 = $191,590

4 0
3 years ago
Read 2 more answers
At a price of $2,000 per unit, the demand for Rancho 60 mountain bikes from Peyton Bike's Inc. is 300 units, which is the number
MaRussiya [10]

<em>If the marketing managers at Peyton Bike's Inc. decide to sell each bike at a price lower than $2,000 per unit</em><em>, a shortage of bikes will be created.</em>

<h3>Why are bikes in short supply?</h3>

As a result, additional problems like plant shutdowns and disruptions as well as the unheard-of increase in bike orders during the peak of the coronavirus pandemic have added to the supply chain difficulties. The sector has never before experienced such a massive increase in demand as it has over the past two years.

learn more about<em> </em>shortage of bikes here <u>brainly.com/question/13000057</u>

#SPJ4

4 0
2 years ago
A parcel delivery company delivered 103,600 packages last year, when its average employment was 83 drivers. This year, the firm
Luden [163]

Answer: -3.38%

Explanation:

The percentage change in productivity over the past years will be calculated thus:

The Productivity will be the total packages handled divided by the number of drivers employed.

Last year Productivity will be:

= 103600/83

= 1248.19 packages per driver

This year Productivity will be:

= 112160/93

= 1206.02 packages per driver

Therefore, the percentage change in productivity = (This year Productivity - Last year Productivity) / (Last year Productivity) ×100

= [(1206.02-1248.19) / (1248.19)] × 100

= -42.17/1248.19 × 100

= -3.38%

4 0
3 years ago
A revenue that is foregone (or given-up) as a result of doing a another activity is known as:________
Vitek1552 [10]

Revenue that is foregone (or given up) as a result of doing another activity is known as an opportunity cost

This is further explained below.

<h3>What does the opportunity cost?</h3>

Generally, In the context of microeconomic theory, the opportunity cost of a certain action refers to the value or gain that is lost as a result of participating in that activity as opposed to participating in an alternative activity.

To put it another way, it indicates that if you choose one activity over another, you will not be able to participate in the other choice.

In conclusion, An opportunity cost is the amount of potential income that is lost as a direct consequence of a decision to engage in another activity instead.

Read more about opportunity cost

brainly.com/question/24319061

#SPJ1

3 0
2 years ago
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