Answer:
The board of directors, including the general manager or CEO (chief executive officer), has very defined roles and responsibilities within the business organization. ... Conversely, management is not responsible for the overall policy decisions of ... top candidates who will bring financial success to the value-added business.
Explanation:
Answer:
Tri-State's social actions would be classified as:
Corporate Social Responsibility.
Explanation:
Corporate Social Responsibility involves alignment or integration of the social and environmental concerns with the entity's operations and economic responsibilities for sustainable organizational development. It enables a business entity to remain relevant and accountable. Companies like Tri-State are increasingly trying to make a difference in their environments while building positive brand image by giving back to their community, taking active part in philanthrope, and providing positive social values.
Answer:
429,260
Explanation:
Contract commencement date = July 1 , 2021
Contract payment term = $56,000 / annual
Additional 15% ($8,400) at the end of each year if occupancy exceeds 90%
Estimate of meeting occupancy threshold = 30%
At the year end 2012, Contract timeline = 6 month (1/2 year)
Base revenue recognized 56000/2 = $28,000
Additional payment = (8400*30% )/2 =$1260
Revenue recognized at December 31 , 2021 = $28000+ $1260 = $29,260
Answer: See explanation
Explanation:
a. Calculate the productivity for navy and army contracts in units produced per labor hour.
Based on the information given, for the navy contract, the total man hours to make 3380 devices will be:
= 34 × 40 × 2
= 2720 hours
Therefore, the devices per man hour will be:
= 3380/2720
= 1.24 devices per labor hour.
For the army contract, the total man hours to make 7480 devices will be:
= 44 × 40 × 2
= 3520 hours
Therefore, the devices per labor hour will be:
= 7480/3520
= 2.125 devices per labor hour
b. On which contract were the workers more productive?
The workers were more productive on the Army contract as they produced more devices per labor hour.
Answer:
In a perpetual inventory system, the cost of goods is recorded at the time of sale. With a periodic inventory system, it's updated periodically.
