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Digiron [165]
4 years ago
11

Which of the following is NOT one of the characteristics of reward and incentive systems? They represent an effective control me

chanism. They represent a poor means of institutionalizing ethics within an organization. They typically focus efforts on low priority tasks. They motivate high levels of individual and collective task performance.
Business
1 answer:
Grace [21]4 years ago
7 0

Answer: They typically focus efforts on low priority tasks.

Explanation:

1. Incentive and reward system helps the managers to regulate performance of subordinates in an effective and reasonable manner.

2. Reward and incentive system might result in unethical competition inside the organisation.

3.  Reward and incentive system is implemented by the organisation for completion of tasks that are of high priority.

4. Performance based incentive and pay motivate more effective individuals to work harder and team based incentive brings collective performance attitude in the organisation.

Thus, right answer is statement 3.

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erdue Company purchased equipment on April 1 for $36,180. The equipment was expected to have a useful life of three years, or 7,
ELEN [110]

Answer:

Perdue Company

Depreciation expense for the years ended December 31:

                                                Year 1     Year 2         Year 3         Year 4

a) Straight-line method          $11,700    $11,700      $11,700          $0

b) Units-of-activity method    $6,500    $12,500     $10,500       $5,600

                                         ($5 x 1,300) ($5 x 2,500) ($5 x 2,100) ($5 x 1,120)

c) Double-declining method  $24,121    $8,040      $2,939        $0

1st year = $36,180 * 0.6667 = $24,121

2nd year = $12,059 * 0.6667 = $8,040

3rd year = ($36,180 - 24,151 - 8,040 - 1,080) = $2,939

Explanation:

a) Data and Calculations:

April 1 Purchased Equipment = $36,180

Useful life = 3 years or 7,020 operating hours

Residual value = $1,080

Depreciable amount = $35,100

Under Straight-line method, depreciation rate per annum = $11,700 ($35,100/3).

Under the units-of-activity method, the depreciation rate per hour = $5 ($35,100/7,020).

Under the double-declining method, the depreciation percent = 0.6667 (100/3) * 2.

The double-declining method does not consider the residual value at the beginning, but at the end of the computation.

4 0
3 years ago
Cullumber Inc. had sales of $2,300,000 for the first quarter of 2020. In making the sales, the company incurred the following co
yarga [219]

Answer:

<u>Net Income  $ 494,000</u>

Explanation:

Cullumber Inc.

CVP income statement

For the Quarter Ended March 31, 2020.

Sales of $2,300,000

Variable

Cost of goods sold $941,000

Selling expenses 104,000

Administrative expenses 108,000

Total Variable Expenses      $1153,000

Contribution Margin             $ 1147,000    

Fixed

Cost of goods sold $474,000

Selling expenses 77,000

Administrative expenses 102,000

Total Fixed Costs       $ 653,000        

Net Income  $ 494,000

7 0
3 years ago
A stationery company plans to launch a new type of indelible ink pen. Advertising for the new product will be heavy and will cos
stich3 [128]

Answer:

The advertising spend would reduce income taxes by $2.8 million

Explanation:

The advertising expense since it is allowable expense from profits made in the year would reduce income taxes next year by  $2.8 million ($8 million *35%)

This means that because of its tax deductibility,it would make a business sense to incur the advertising cost of $8 million coupled with the fact the it has the potential to increase sales revenue over and above the current level of $280 million

3 0
4 years ago
You have recently been hired as the vice president for human resource in an advertising agency. One problem that has been brough
faltersainse [42]

Explanation:

There are two problems that need to be solved in the scenario above: the increase in team conflicts and the retention of valuable employees who are the cause of conflicts. In these two situations, as recently hired as vice president of human resources for an advertising agency, the ideal would be to try to understand how the people management process that occurred before his arrival at the company was carried out, and from there, find strategies for resolve the two main types of conflicts that occur at the advertising agency.

Some solutions arise from the principle of revising the HR policy and establishing a more direct and facilitated communication with employees, in order to increase the employees' perception of a management focused on the employee's well-being and open to feedbacks.

Another solution for reducing conflicts in teams is the assessment and analysis of the profile of each member individually and in a group, in order to monitor the individual and collective performance of each and define assignments according to their skills, generating greater integration between teams and appreciation of each employee, which increases engagement and motivation at work, reducing conflicts and turnover.

7 0
4 years ago
Match the following activities to their effect on the general ledger accounts. Drag and drop application.
JulijaS [17]

Answer:

1. Allocate overhead costs to jobs: Credit Factory Overhead.

2. Pay factory utilities: Debit Factory Overhead.

3. Purchase indirect material: Debit Raw Materials Inventory.

4. Use indirect materials: Credit Raw Materials Inventory.

5. Direct labor used: Debit Work in Process Inventory.

Explanation:

1. When you allocate overhead costs to jobs: Credit factory overhead. Factory overhead can be defined as cost incurred in the manufacturing process of finished goods and cannot be linked directly to the goods.

2. When you pay factory utilities: Debit factory overhead. Factory overhead can be defined as cost incurred in the manufacturing process of finished goods and cannot be linked directly to the goods.

3. When you purchase indirect material: Debit raw materials inventory. The raw materials inventory comprises of the overall cost of all resources such as component parts that a business has in stock which haven't been used for production of finished goods or work in process.

4. When you use indirect materials: Credit raw materials inventory. Raw materials inventory comprises of the overall cost of all resources such as component parts that a business has in stock which haven't been used for production of finished goods or work in process.

5. For direct labor used: Debit work in process inventory.

4 0
3 years ago
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