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spin [16.1K]
3 years ago
12

A manager receives a request from an employee to take off a Wednesday for religious reasons. The manager did not know that this

employee was particularly religious and does not believe that the leave is for religious reasons. The manager believes that the employee is going to use this day as a personal day off. Should the manager investigate the situation?
Business
1 answer:
boyakko [2]3 years ago
5 0

Answer:

Yes

Explanation:

There is no federal law that requires that a manager give an employee days off due to religious reasons. Therefore in this scenario, the manager should investigate the situation further. If the manager finds out that the employee is taking advantage of the manager's generosity and lying then they should get reprimanded for doing so. Otherwise, the employee can have their day off as they asked.

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Williams manufactures a variety of iron products, made to customer specifications, in small batches. Willie Williams, owner, is
Shtirlitz [24]

Answer:

(C) Janitorial, Welding, HR, Data Svcs, Assembly

Explanation:

Question: If the step-down method is used in this case, which sequence of allocations is not valid?

The step method will allocate a portion of a service department to others service department cost thus, increasing the cost of these.

In this case cost from Janitorialo will go into HR and Data serivces.

Is important to understand that these method have as goal to allocate their cost into production department. The production department receive cost from the service department. They do not allocate into service. Never.

Having said that statement; the conclusion is that option C is incorrect as it is doing a distribution of produciton department into service department.

6 0
4 years ago
Your finance textbook sold 52,500 copies in its first year. The publishing company expects the sales to grow at a rate of 16 per
nadya68 [22]

Answer:

The sales figure in year 3 is 81,947

The sales figure in year 4 is 90,142

Explanation:

The number of copies the publisher expects to sell in 3rd and 4th can be determined by computing the growth rate and increased sales from year 1 to year 4.

Year        growth                   sales

1          52,500*(1+16%)      60,900

2         60900*(1+16%)       70,644

3         70644*(1+16%)        81,947

4        81,947*(1+10%)         90,142

The sales of finance books in year 3 and 4 are 81,947 and 90,142 respectively

Note that the growth rate is continuous that accounted for the need to apply the growth rate to the previous year sales in order to arrive at current year sales

5 0
3 years ago
A firm has a total market value of $10 million while its debt has a market value of $4 million. What is the after-tax weighted a
BartSMP [9]

Answer:

11.6%

Explanation:

A firm total market value is $10 million

Its debt has a market value of $4 million

The before-tax cost of debt is 10%

= 10/100

= 0.1

The cost of equity is 15%

= 15/100

= 0.15

The tax rate is 35%

= 35/100

= 0.35

Therefore, the after-tax weighted average cost of capital can be calculated as follows

WACC= 0.4(0.10)(1-0.35) + 0.6(0.15)

= 0.04(0.65) + 0.09

= 0.026 + 0.09

= 0.116×100

= 11.6%

Hence the after-tax weighted average cost of capital is 11.6%

4 0
3 years ago
Consider a bank counter with two employees serving the customers. Deposit takes 5 minutes, cash withdraw takes 6 minutes, and el
Pavel [41]

Answer:

75%

Explanation:

As we know that

Utilization of the counter is

= Required time ÷ Capacity in terms of minutes per hour

where,

Required time is

= 5 minutes × 10 deposit  transactions + 6 minutes ×  5 withdraw transactions + 10 minutes × 1 electronic transfer

= 50 minutes + 30 minutes + 10 minutes

= 90 minutes

And, the capacity is

= 60 × 2

= 120 minutes

So, the utilization is

= 90 minutes ÷ 120 minutes

= 75%

4 0
3 years ago
Return on investment LO A1, A2 ZNet Co. is a web-based retail company. The company reports the following for 2017. Sales $ 23,16
katovenus [111]

Answer:

2017

ROI = 18%

Profit Margin = 30%

2018

ROI = 25.2%

Investment Turnover = 84%

Explanation:

The formulas for the required ratio are as follows,

ROI = Operating income / Average invested assets

Profit margin = Operating Income / Sales  

For 2017,

ROI = 6,948,000 / 38,600,000 = 0.18 = 18%

Profit margin = 6,948,000 / 23,160,000 = 0.3 = 30% of sales

For 2018, we compute increased sales first

Sales = 23,160,000 * 1.4 = $32,424,000 after 40% increase

with profit margin staying the same, profit for 2018

Profit = $32,424,000 * 0.3 = $9,727,200

Using the earlier formulas,

ROI = $9,727,200 / 38,600,000 = 0.252 = 25.2%

Investment turnover = Sales / Average invested assets

Investment Turnover = $32,424,000 / 38,600,000  = 0.84 = 84%

Hope that helps.

8 0
3 years ago
Read 2 more answers
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