Why is it important to create a goal that is measurable?

During May, Keenan Company accumulated 570 hours of direct labor costs on Job 200 and 610 hours on Job 305. The total direct lab

sashaice [31]

Answer:

Dr work-in process $ 25,430.00

Cr wages payable $ 25,430.00

Explanation:

The total labor cost on jobs is the total hours spent on each job multiplied by direct labor cost per hour as shown thus:

Job 200=570*$20=$11,400.00

Job 305=610*$23=$14,030.00

Total direct labor cost on both jobs=$11,400.00 +$14,030.00 =$ 25,430.00

The journal entries in respect of labor cost of $25,430.00 is to debit work-in process and again a credit goes to wages payable

7 0

3 years ago

The Dell Corporation borrowed $ 10,000,000 at 5% interest per year, which must be repaid in equal EOY amounts (including bot

Dvinal [7]

Answer:

- Dell must repay $1,728,198.18 at the end of each year.

- $2,097,387.29 out of the total repaid amount is interest expense.

Explanation:

- EOY equal repayment calculation:

We apply the present value formula for annuity to calculate the equal repayment amount Dell needs to make in the next 7 years.

Denote C is equal repayment, PV is present value of the loan which is $10 million, i is interest rate which is 5%, n is the number of repayments which is 7.

We have: C = (PV x i) / [ 1 - (1+i)^-n] => C = (10,000,000 x 5%) / ( 1 -1.05^(-7)) = $1,728,198.18.

- Interest expense calculation:

Total repayment made: 1,728,198.18 x 7 = $12,097,387.29.

Total interest expense = Total repayment made - principal amount = 12,097,387.29 - 10,000,000 = $2,097,387.29

8 0

4 years ago

Which of the following does a budget tracker do? Select all that apply.

Neko [114]

Answer:

A and D

Explanation:

8 0

3 years ago

Read 2 more answers

Members of 67 countries attended a conference on economic development hosted by an international organization based in Gent, Bel

Sever21 [200]

Answer:

High availability.of cheaper labour

Explanation:

An emerging market is defined as one that does not meet the standards of a fully developed market. For example in the area.of labour cost there is no standard set for it.

So companies can get cheap labour from these economies.

Companies like Apple and Nike have used cheap labour from emerging countries to reduce their cost of production.

Manufacturing bases are established in relatively poorer economies where the workers are willing to work for cheap wage

4 0

3 years ago

Managing Bad News Within Organizations

True [87]

Answer:

Scenario 1. B. Prepare and rehearse.

2. B. Offer a clear, sincere explanation.

C. Communicate the news openly.

3. A. Reveal specific reasons for not hiring the applicant.

D. Use an indirect pattern.

4. Option 1

Explanation:

Delivering bad news is inevitable in every organization. Some factors are of utmost importance when having to do this. They include;

1. Being clear and concise.

2. Being straightforward while still providing assurance.

The direct approach announces the bad news just at the introduction of the speech. Whereas, the Indirect approach is used when the audience is not well known. It employs some form of explanation before the bad news is delivered.

1. Being tactful and professional would require adequate preparation so as to choose words properly and put people's feelings into consideration.

2. To avoid spreading rumors within and outside the organization, the president would have to address his staff openly. He should be clear and concise when doing this.

3. To make room for good relationship and not break the confidence of the applicant, the HR should begin with an explanation of why the applicant was not hired.

4. The general manager should encourage the employee's effort to be trained but in order not to jeopardize the present schedule, future arrangements would need to be made.

4 0

3 years ago