Answer:
The answer is: Democratic management style
Explanation:
This management style is based on the belief that two heads are better than one, and that every employee (no matter position they hold) deserves to have a say.
So managers that follow this style usually encourage their employees to participate and share their ideas and suggestions. They tend to create horizontal organizations, but the final and last decision still belongs to the boss.
Employees usually like this system because they feel they are a valuable and important part of the organization. Many times it leads to higher efficiency and productivity.
As a downside, these organizations tend be more messy (informal) and decision making processes are very time consuming.
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BLIND OBEDIENCE occurs when soldiers or employees follow questionable orders, such as when nurses willingly follow a physician's order to give a patient a dangerously high dosage of medication.
Answer:
Net income of the company accounted for $400,000
Explanation:
Net income is the income or the amount of residual income from the earnings after deducting all the expense or cost from the sales.
The net income or loss of the company accounted for is computed as:
Net Income or Loss = Net Income - Research and Development cost
where
Net Income amounts to $3,400,000
Research and Development cost amounts to $3,000,000
So, putting the values above:
Net Income or loss = $3,400,000 - $3,000,000
Net Income = $400,000
Answer:
$4,089 Unfavorable
Explanation:
Data provided
Standard variable rate = $9.20
Direct labor hours = 1,160
Variable manufacturing overhead costs = $14,761
The computation of variable overhead rate variance is shown below:-
Variable overhead rate variance = (Standard variable rate - (Variable manufacturing overhead costs ÷ Direct labor hours)) × Direct labor hours
= ($9.20 - ($14,761 ÷ 1,160) × 1,160
= ($9.20 - $12.725) × 1160
= $4,089 Unfavorable
Therefore for computing the variable overhead rate variance we simply applied the above formula.
Answer:
PMT = $1875.00
Explanation:
The annuity refers to a series of fixed payments made after an equal interval of time and for a definite time period. The formula for the present value of annuity is,
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<u>For ordinary annuity</u>
PV of annuity = PMT * [(1 - (1+IN)^-n) / IN]
Plugging in the values for the available variables. We calculate the PMT to be,
14130.15 = PMT * [(1 - (1+0.08)^-12) / 0.08]
14130.15 = PMT * 7.536078017
14130.15 / 7.536078017 = PMT
PMT = $1875.000493 rounded off to $1875.00
