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sukhopar [10]
3 years ago
6

Hofstede isolated four dimensions that he claimed characterized the cultures of different countries. Briefly describe each of hi

s four dimensions. Should Hofstede's dimensions be used by managers to determine how cultures differ and what that might mean for management practices?
Business
1 answer:
adoni [48]3 years ago
7 0

<u>Solution and Explanation:</u>

<u>Hofstede's four dimensions are </u>

1)Power distance -It is the degree of inequality among the people of the country.

2)Individualism Vs Collectivism- This is the degree which shows how much people are willing to work as individuals and not as members of groups.

3)Uncertainty avoidance- This is the degree which shows how much people prefer structured and not unstructured situations.

4)Masculinity Vs Feminity-This shows the degree of existence of tough values like competition, success, assertiveness, performance over tender values like warm personal relation,taking care of weak,unity,quality of life etc.

It is necessary for managers to understand cultural differences because managers need to understand their employees better so that they can motivate and lead the employees.Due to cultural differences what managers take as granted may be different in different countries.Good example is Wal- mart's expansion in Mexico.Wal mart constructed large parking lot for the customers which surrounded the stand alone building.

This posed problem because many of the customers travelled by public buses to the store. So they had to walk a long way through parking lot. The culture in Mexico is different from US and people travelled by public transport.Later Wal mart had shuttle buses to carry people to and fro from the store.Cultural differences also mean deeply felt values ,customs which are not always easy to identify.

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EA6.
fredd [130]

Answer:

1. Break-even in units is 150 units

2. Break-even in dollars is $60,000

3. Contribution Income Statement for 130 units

Marlin Motors

Income Statement

For the month ended November 30

Sales revenue (130 x 400)    $52,000

Variable cost   (130 x 160)     (20,800)

Contribution margin               $31,200

Fixed cost                               (36,000)

Loss                                           $4,800

4. Units to sell is 350

5. Dollars sale is $140,000

6. Contribution Income Statement for $200,000 sales revenue

Marlin Motors

Income Statement

For the month ended February

Sales revenue (500 x 400)    $200,000

Variable cost   (500 x 160)    (80,000)

Contribution margin                 $120,000

Fixed cost                                   (36,000)

Profit                                           $84,000

Explanation:

1. To compute the Break-even point in units,

Formula is BEP = total fixed cost / unit contribution margin

 Step 1. Compute the unit contribution margin

Unit selling price              $400

Less : variable cost             160

Unit contribution margin   $240

  Step 2. compute the unit break-even in units using the formula.

BEP = total fixed cost / unit contribution margin

BEP = $36,000 / 240

BEP = 150 units

2. To compute the Break-even point in dollars,

Formula is BES = total fixed cost / contribution margin ratio

 Step 1. Compute the contribution margin ratio

Unit selling price              $400

Less : variable cost             160

Unit contribution margin $240

So, $240 divided by $400 equals 60% (CMR)

  Step 2. compute the unit break-even in dollars using the formula.

BEP = total fixed cost / contribution margin ratio

BEP = $36,000 / 60%

BEP = $60,000

3. To prepare the contribution margin income statement, we will multiply the units sold of 130 units by $400 unit selling price to get the sales revenue. Then multiply 130 units by $160 to get the variable cost. Further illustration below;

Sales revenue (130 x 400)    $52,000

Variable cost   (130 x 160)     (20,800)

Contribution margin              $31,200

Fixed cost                               (36,000)

Loss                                       $4,800

4. To compute the units to sell to realize the target profit we will use the formula:

(Total fixed cost +  Target profit )/ unit contribution margin

 Step 1. Compute the unit contribution margin

Unit selling price              $400

Less : variable cost             160

Unit contribution margin  $240

  Step 2. compute the units to sell using the formula.

(Total fixed cost + target profit) / unit contribution margin

($36,000  + $48,000) / 240

Answer is 350 units

5. To compute the sales in dollars to realize the target profit of $48,000,

Formula is (Total fixed cost + target profit) / contribution margin ratio

 Step 1. Compute the contribution margin ratio

Unit selling price              $400

Less : variable cost             160

Unit contribution margin  $240

So, $240 divided by $400 equals 60% (CMR)

  Step 2. compute the target sales in dollars using the formula.

(Total fixed cost + target profit) / contribution margin ratio

($36,000 + $48,000) / 60%

$84,000 / 60%

Answer is $140,000

6. Contribution Income Statement for $200,000 sales revenue. FIRST we must determine how many unit are sold to have that sales revenue. $200,000 sales revenue divided by unit selling price of $400 equals 500 units. To further illustrate, see presentation below.

$200,000 / $400 = 500 units

Marlin Motors

Income Statement

For the month ended February

Sales revenue (500 x 400)    $200,000

Variable cost   (500 x 160)   (80,000)

Contribution margin               $120,000

Fixed cost                                   (36,000)

Profit                                           $84,000

7 0
3 years ago
Before prorating the manufacturing overhead costs at the end of 2016, the Cost of Goods Sold and Finished Goods Inventory had ap
podryga [215]

Answer:

Cost of Goods Sold will decrease by $2,679 after proration.

Explanation:

Under-applied or over applied overhead:

= Overhead incurred - Overhead applied

= $76,000 - $79,700

= (-$3,700)

Therefore, the Cost of Goods Sold after the proration:

= (over applied overhead × Overhead applied to COGS) ÷ Total overhead applied to cost of goods sold and finished goods

= ($3,700 × $57,700) ÷ ($57,700 + $22,000)

= $213,490,000 ÷ $79,700

= $2,679

Hence, the Cost of Goods Sold will decrease by $2,679 after proration.

3 0
3 years ago
Maben Company was started on January 1, Year 1, and experienced the following events during its first year of operation: Acquire
Keith_Richards [23]

Answer:

The accounting equation holds as follows:

Assets = Liabilities + Shareholders' Equity = $102,000

Explanation:

Note: This question not complete as the requirement is omitted. The requirement is therefore provided to complete the question before answering the question as follows:

Required:

Record the preceding transactions in the horizontal statements model. Also, in the Cash Flows column, classify the cash flows as operating activities (OA), investing activities (IA), or financing activities (FA).

The explanation of the answer is now provided as follows:

Note: See the attached excel file for the the horizontal statements in which the transactions are recorded.

From the attached excel file, we have:

Assets = Cash + Land = $49,000 + $53,000 = $102,000  

Liabilities = Notes Payable = $30,000

Shareholders' Equity = Common Stock + Retained Earnings = $50,000 + $22,000 = $72,000

Liabilities + Shareholders' Equity = $30,000 + $72,000 = $102,000

Therefore, the accounting equation holds as follows:

Assets = Liabilities + Shareholders' Equity = $102,000

Also note that no figure is recorded for "Determined that the market value of the land is $75,000" because it does affect the horizontal statement since an asset must be recorded at the historical cost.

Download xlsx
8 0
3 years ago
You bought a piece of land at $2,000,000. You plan to build a 80,000 square foot building at cost of $180 per square foot, all i
solmaris [256]

Answer:

present value 15.826 million

r = 10.42 % = IRR

Explanation:

The problem requires a long solution. I have to use microsoft word for the solution. and its so explanatory on it.

Download docx
8 0
4 years ago
Read 2 more answers
Hillyard Company, an office supplies specialty store, prepares its master budget on a quarterly basis. The following data have b
julsineya [31]

Answer:

Hillyard Company

1. Schedule of expected cash collections:

                                       January       February       March        April

December(actual)       $ 280,000

January $ 400,000         80,000     $320,000

February $ 600,000                           120,000    $480,000

March $ 300,000                                                      60,000   $240,000

April $ 200,000                                                                            40,000

Total                            $360,000    $440,000    $540,000

2-a. Merchandise purchases budget:

                                     January       February         March          

Cost of goods sold     240,000       360,000        180,000      

Ending Inventory          90,000         45,000          30,000

Goods available         330,000       405,000         210,000

Opening Inventory     (60,000)       (90,000)        (45,000)

Purchases                $270,000     $315,000      $165,000

2-b. Schedule of expected cash disbursements for merchandise purchases:

Budgeted Purchases Disbursement:

                                       January       February        March          April

December(actual)       $ 93,000

January $270,000       135,000       $ 135,000

February $315,000                              157,500      $ 157,500

March $165,000                                                          82,500    $ 82,500

Total                          $228,000       $292,500     $240,000

3. Cash budget:

                                       January       February       March     Total

Beginning balance        $48,000      $30,000       $30,800     $48,000

Cash collections           360,000       440,000      540,000   1,340,000

Total                            $408,000    $470,000     $570,800 $1,388,000

Disbursements:

Purchases                    228,000       292,500      240,000    (760,500)

Salaries & wages           27,000          27,000        27,000       (81,000)

Advertising                    70,000          70,000        70,000     (210,000)

Shipping (5% sales)      20,000          30,000        15,000       (65,000)

Other Expense 3%        12,000          18,000          9,000       (39,000)

Equipment                                             1,700        84,500       (86,200)

Dividend                       45,000                                                 (45,000)

Total disbursement $402,000    $439,200    $445,500   (1,286,700)

Loan + Interest             24,000                             24,720            ( 720)    

Ending balance              6,000         30,800      100,580        100,580

Required

Minimum cash bal.      30,000         30,000       30,000

Interest on loan = $720 ($24,000 x 1% x 3)

4. Prepare an absorption costing income statement for the quarter ending March 31:

Sales                                 $1,300,000

Cost of goods sold               780,000

Gross profit                        $520,000

Expenses:

Salaries & Wages   81,000

Advertising           210,000

Shipping expense 65,000

Other expenses    39,000

Depreciation         42,000

Interest expense       720   (437,720)

Net Income                            82,280

5. Prepare a balance sheet as of March 31:

Assets:

Cash                                   $100,580

Accounts Receivable          240,000

Inventory                               30,000

Buildings & Equipment       414,200

Total Assets                     $

Liabilities + Equity:

Accounts Payable            $82,500

Common Stock               500,000

Retained Earnings           146,280

Total                              $

Explanation:

a) Data:

General Ledger Balances:

                                                    Debits             Credits

Cash                                           $ 48,000

Accounts receivable                  224,000

Inventory                                      60,000

Buildings and equipment (net) 370,000

Accounts payable                                           $ 93,000

Common stock                                                500,000

Retained earnings                                            109,000

                                              $ 702,000     $ 702,000

b) Budgeted Cash Collections

                                       January       February       March        April

December(actual)       $ 280,000

January $ 400,000         80,000     $320,000

February $ 600,000                           120,000    $480,000

March $ 300,000                                                      60,000   $240,000

April $ 200,000                                                                             40,000

Total                           $360,000     $440,000    $540,000

Ending Accounts Receivable balance = $240,000

c) Cost of goods sold

                                     January       February       March        Total

Sales                          $400,000    $600,000     $300,000    $1,300,000

Shipping costs 5%        20,000         30,000          15,000           65,000

Other Expense 3%        12,000          18,000           9,000            39,000

Depreciation                                                                                    42,000

Cost of goods sold     240,000       360,000        180,000         780,000

Ending Inventory          90,000         45,000          30,000

Goods available         330,000       405,000         210,000

Opening Inventory     (60,000)       (90,000)        (45,000)

Purchases                  270,000        315,000        165,000

b) Budgeted Purchases Disbursement:

                                       January       February        March          April

December(actual)       $ 93,000

January $270,000       135,000       $ 135,000

February $315,000                              157,500      $ 157,500

March $165,000                                                          82,500    $ 82,500

Ending Accounts Payable balance = $82,500

c) Retained Earnings:

Beginning   $109,000

Net Income    82,280

Dividends    (45,000)

Ending      $146,280

d) Buildings & Equipment     370,000

New additions:                        86,200

Less Depreciation expense (42,000)

Balance, net                        $414,200

8 0
4 years ago
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