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AysviL [449]
4 years ago
8

Your team must still go through normal approval processes, indicating that it does not have , which will likely impede its abili

ty to reach the stretch goal. In addition to putting your bank into compliance with the law, the new process is expected to save hundreds of thousands of dollars a year in improved efficiency. If your bank decides to share a significant portion of those savings with your team, what type of compensation system would the bank be using
Business
1 answer:
Gwar [14]4 years ago
6 0

Answer:

gainsharing

Explanation:

Note that because the team does not have not have bureaucratic immunity, which will likely impede its ability to reach the stretch goal, a significant portion of the savings is shared by the bank among the team.

Thus, this action by the bank indicates that it using the gainsharing compensation system which encourages increase performance, cooperation among team members by distributing the amount of savings realize from the plan.

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How do operations managers ensure quality and efficiency during the transformation process of inputs into outputs?
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3 years ago
If you could help me
MAVERICK [17]

When you are trying to reduce debt it is easier to cut out things that aren't necessary.

You need shelter so you can't cut out rent. Utilities will be hard to cut down since it is used a lot. School shouldn't be cut down either, because that is important for you future job which may help you reduce debt in the future

Dining out is the easiest to cut out/cut down first. Many people dine out because they don't have the time to cook or because they don't want to. If you really want to reduce debt then you can make the time to cook or find the motivation to. This will greatly reduce that big chunk of your money going to dining out, since cooking your own food is a lot cheaper.

Hope this helped!

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8 0
4 years ago
Read 2 more answers
You are planning to make monthly deposits of $500 into a retirement account that pays 6 percent interest compounded monthly. If
liberstina [14]

Answer:

$995,745

Explanation:

PV = $0

PMT = $500

I/YR = 6

P/YR = 12

N = 40 x 12 = 480

your retirement account be in 40 years will be $995,745

7 0
3 years ago
Steven operates a landscaping service on the accrual method. In September of this year Steven received a payment of $18,000 for
aleksandr82 [10.1K]

Answer:

B: $1,500 is recognized this year, $ 9,000 next year and $ 7,500 in last year of contract.

Explanation:

Steven has adopted the accrual method in recording its revenue.

Accrual is an accounting concept which means expenses and revenues are recorded by a business when they are incurred not when cash is received or paid.

Accrual basis of accounting gives more accurate and true results as compare to cash basis accounting.

The payment received in September of $ 18,000 was the income for 24 months so it was wrong to record the whole amount as an income in September.

In the first year 2 months of income is recorded for November and December ($ 18,000÷24 = $750 per month) $750 × 2 = $1500.

In the second year 12 months revenue will be recognized ($750 per month × 12 = $ 9,000)

In the last year 10 month remained out of 24 months so the income recognized was ( $750 × 10 = $ 7,500)

3 0
4 years ago
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