Answer:
As salaries are paid to workers by virtue of the work they perform, a factor that can be decisive for a salary increase is none other than a greater or better performance of the tasks that the worker performs.
On the other hand, wages can also rise if the country's minimum wage is raised, or if there is a situation of inflation that renders workers' wages useless over time.
And also, it may happen that the company that pays the worker's salary is in an exceptional situation that implies a salary improvement as a way of rewarding the performance of its workers.
Answer:
Explanation:
Using future annuity formula
Fv = Pmt ( (1+r)ⁿ -1 )/ r
+ 1 = (1+r)ⁿ
In ( + 1) = n In ( 1+r)
n = In ( + 1) / In ( 1 + r)
FV, future value = $10,000, Pmt, periodic payment per year = $1,100, r rate = 11.82% = 0.1182 and n = number of years
n = 0.7297 / 0.11172 = 6.53 years approx 7 years
the last year payment will actually be less than $1,100
Explanation:
a. The computation of the economic order quantity is shown below:
= 130 units
The carrying cost is
= $90 × 20%
= $18
b. Total annual cost is
= $2,323.79
c. The number of orders would be equal to
= Annual demand ÷ economic order quantity
= $300 ÷ 130 units
= 2.31 orders
d, The time between orders is
= 52 weeks ÷ 2.31 orders
= 22.51 weeks
Answer:
Planning = Statement (a)
Directing = Statement (b)
Controlling = Statement (c)
Explanation:
Planning is the first step of action initiated by the management. It helps the organization to define the goals and the plan to achieve such goal.
Directing is all about creating the understanding of the plan among the employees of the company, about the objectives, and the need to attain the objective, the manner to achieve the objective.
Controlling is the precautionary step in the action, as it clearly monitors the employees while working on the objectives, that when they are not deviated from the project, or its objectives.