Answer:
Coaching.
Explanation:
Coaching is demonstrated as the method of training in which a more experienced or proficient person provides suggestions and guidance to an individual(employee) with an aim to build and develop his/her skills, competence, performance, and career. <u>The managers are required to be efficient coaches as it helps them in promoting better engagement in the team and enhancing productivity as well as customer support of the organization</u>. It helps the managers to develop the skills in employees and boost their self-confidence which makes them able to overcome challenges effectively, improve their performance, and reach desired goals.
Activity based costing have four steps, the steps are as follows:
1. Identification and classification of all the activities in the value chain in relation to the production of the product.
2. Estimation of total cost for each of the activities identified.
3. Computation of a cost driver rate for each activity based on a cost allocation base which has a causal link to the cost of the activity.
4. Application of the activity cost to product using the appropriate cost driver rate.
Answer:
Corrected Trial Balance
Particulars Debit Credit
Cash $10,900
Account receivable $14900 (6700+8200)
Office supplies $2400 (1000+1400)
Prepaid insurance $4100 (300+3800)
Equipment $83000
Account payable $4800 (3400+1400)
Notes payable $45000
Trumball common stock $57000
Trumball dividend $3200 (5000+200-2000)
Service revenue $16450 (12350+4100)
Salaries expense $3700 (4400-700)
Rent expense $750
Advertising expense <u>$300 </u> <u> </u>
Total <u>$123,250</u> <u>$123,250</u>
Answer:
A) Provide savings incentives
Explanation:
Total national savings equal the total investment component of the gross domestic product of a nation. The only way you can increase investment is by saving more money.
The simplest way (but also ineffective) of increasing savings in an economy is by increasing interest rates. It is ineffective since you increase both interest paid to people that save money and those who borrow money. If you print more money all you are going to do is increase the inflation rate.
A more efficient way of increasing savings would be offering tax incentives for those who save money.
