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olya-2409 [2.1K]
3 years ago
10

How does a business's corporate culture affect employee satisfaction? How does a business's corporate culture affect customer sa

tisfaction?
Business
1 answer:
oee [108]3 years ago
7 0
<span>A business corporate culture is a set of values, beliefs and policies that guide an organization. It is not limited to the code of ethics and conduct of its management and employees but extend to how this code is being put into practice in the day-to-day operation of the company.

If the corporate culture of the business is positive like there is a clear definition of jobs, goals, and career path, then employee satisfaction will increase. It will create a positive environment where employees give their best in doing their jobs and employee turnover is negligible. 

Having a positive corporate culture will resonate not only to the employees but also to the customers. The company will have a good reputation and will be talked about by satisfied clients. Thus, increasing its customer base and target market.

Having a negative corporate culture will generate the reverse output. Employee satisfaction is nonexistent. Employee turnover is high. Customer satisfaction is down and company reputation is negative. </span>
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Beginning Inventory     120,000    100,000      120,000        120,000

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a2) Raw Materials Purchases in pounds

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Ending inventory                    50,000        50,000

Raw materials required        125,000       125,000

Raw materials available        175,000       175,000

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Purchases value $4 per pound $468,000    $500,000

b) Projected Income Statement for May:

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Cost of production                   1,460,000

less closing inventory                480,000       $1,460,000

Gross profit                                                        $510,000

Selling expenses                    $200,000

Administrative expenses          155,000         $355,000

Net Income                                                      $155,000

Explanation:

a)    Sales =                             $2,000,000

less cash discounts (1%)            ($20,000)

less bad debts expense (0.5%) ($10,000)

Net Sales =                             $1,970,000

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Sales units   600,000     500,000      600,000       600,000       2,300,000

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Cost of raw materials used   $500,000

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Variable overhead                    180,000

Fixed overhead                       390,000

Total                                    $1,460,000

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Answer:

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