Answer: Structured compensation program
Explanation: In a structured compensation program the company structures the pay of employees on the basis of a predetermined criteria. The abilities needed to get promotion in such structure could be fixed on the basis of time period served or any other such criteria.
In the given case, Jamie gets promotion at every stage by passing a certain test. Thus, we can conclude that the company is performing structured program.
<u>Calculation of Days Payable Outstanding:</u>
Days Payable Outstanding can be calculated using the following formula:
Days Payable Outstanding = (Accounts
Payable *365) / Cost of Goods Sold
= (8,773*365)/45,821
= 69.88
Hence, Days Payable Outstanding is 69.88 days. We can say that it takes on average<u> 69.88 </u>days to the company to pay off its suppliers during the year.
Answer:
If the total of your credits exceeds the amount you owe, your statement shows a credit balance. This is money the card issuer owes you. You can call your card issuer and arrange to have a check sent to you in the amount of the credit balance.
Explanation:
Hope this help!!
International trade has been significant for the globalization of free trade relations.
Explanation:
International trade has been responsible for the global economic growth in the 20th and 21st century .
International trade is responsible for the specialization of goods for one country which is at the most advantage for making that particular product while being able to import the others they may need
International trade makes it so that the types of goods and services available around the world can reach any other part of the world.
Answer:
The conditions under which each funding method for paying for IT system expenses would be recommended are:
Allocation method is preferred to other methods when actual usage cannot be captured but, some other cost drivers can be used as the allocation bases.
Chargeback method works better than others when actual usage by each unit can be accurately captured.
Explanation:
The Allocation Funding Method charges IT costs to individuals, departments, or business units based on revenues, number of employees, and other cost drivers and not based on usage. It is often used when actual usage cannot be recorded.
The chargeback method charges IT costs to individuals, departments, or business units based on their actual usage of the IT services. With wide variation in IT usage, business units need to be charged their actual costs consumed.
The corporate budget method allocates IT cost based on a periodic predetermined rate. It is used where unit managers need to be given control over their budgets, enabling them to search for cost-saving technologies.
