All categories

3 years ago

Why has the use of teams in the workplace increase so dramatically

2 answers:

3 0

The use of teams in the workplace has increased so dramatically because using team work will enable a company to take on additional works without having to employ more staff. This will result in more revenue and profits for the company.

professor190 [17]3 years ago

3 0

Explanation:

This is because of the fact that team work increases the efficiency and productivity of an organization.

When employees in a company work as a team, the have a common objective in front of them, and they all motivate themselves and each other to achieve that target or goal or objective. This creates a competition between them and they try to work better than the other employee and due to this, the overall efficiency, effectiveness, productivity, and quality of the organization increases.

Due to this, the companies now a days have dramatically adopted the use of teams in the workplace.

You might be interested in

Bon Nebo Co. sold 25,000 annual subscriptions of Magazine 2018 for $85 during December 2018. These new subscribers will receive

krek1111 [17]

Answer:

Current liabilities

2,125,000 unarned revenue

336,000 tax payable

2,461,000 total current liability

Explanation:

taxable income x tax-rate = tax payable

840,000 x .4 = 336,000

subscription x value = unearned revenue

25,000 x 85 = 2,125,000 unearned revenue

This amount will decrease over time, as the customers receive their magazines.

Current liabilities

2,125,000 unarned revenue

336,000 tax payable

2,461,000 total current liability

3 0

2 years ago

A sports game company with current sales of $400,000 does not expect any growth in sales for the next two years. The company, ho

Ber [7]

Answer:

Answer is B

Explanation:

Cash flow = Net Income + Adjustment for Non-Cash expenses

So we must first calculate the Net Income for the second year using the Profit and Loss Statement format:

Year 2

Revenue $400,000

Less Expenses ($220,500)

Less Depreciation ($ 20,000)

Profit before Tax $159,500

Less Tax ($54,230) {34% of Profit before Tax}

Net Income $105,270

Add Depreciation $20,000

Cashflow $125, 270

{Remember Depreciation is a non cash expense, so we must add it to the Net income to arrive at the cash flow}

(Remember the company expects no change in revenue)

5 0

3 years ago

Farmers Pantry Products Inc. and Market Grocers LLC dispute a term in their contract. If Farmers Pantry and Market Grocers have

e-lub [12.9K]

Answer: The process is not adversarial

Explanation:

Mediation' refers to the voluntary process that is used for resolving disputes whereby there's a neutral third party whom helps in facilitating dialogue between the conflicting parties and then helps them in identifying the issue and tech a settlement.

Based on the question, since both parties have a long-standing business relationship that they would like to continue, then they may prefer to settle their dispute through mediation because the process is not adversarial. An adversarial system typically involves going to the court.

7 0

3 years ago

On January 1, 20X8, Polo Corporation acquired 75 percent of Stallion Company's voting common stock for $300,000. At the time of

polet [3.4K]

Answer:

Polo will report $318,750 as its investment in Stallion at December 31, 20X8

Explanation:

Common stock = $300,000 acquired at 75%

Net income = $40,000

Pay dividends = $10,000

Increase in value of Patent = $50,000

Economic Life = 10

Amortization = $5,000

Therefore, the $ 5000 would be reduced from the net income.

Investments in Polo = $300,000 + [0.75 × (40000 - 10000 - 5000)]

= $300,000+ 0.75(25,000)

= $300,000+ $18,750

= $318,750

7 0

2 years ago

The following information is available to reconcile Branch Company’s book balance of cash with its bank statement cash balance a

Rasek [7]

Answer:

Bank Reconciliation Statement as of July 31, 2017

Balance at Bank as per cash book (up to date) $35,480

Add Unpresented Cheques :

No. 3031 $1,570

No. 3065 $561

No. 3069 $2,338

Less Lodgements not yet credited ($10,132)

Balance as per Bank Statement $29,817

Explanation:

Step 1 Bring the Cash Book (Bank Balance ) up to date

Debit :

Balance as at July 31 $25,699

Note Payable $9,000

Evan Shaw $805

Totals $35,504

Credit:

Check No. 3056 Understated $10

Bank service charge $14

Balance (Up to date) $35,480

Totals $35,504

Step 2 Prepare a bank reconciliation for this company

Bank Reconciliation Statement as of July 31, 2017

Balance at Bank as per cash book (up to date) $35,480

Add Unpresented Cheques :

No. 3031 $1,570

No. 3065 $561

No. 3069 $2,338

Less Lodgements not yet credited ($10,132)

Balance as per Bank Statement $29,817

4 0

3 years ago