Answer:
6.50 Years
Explanation:
The computation of the payback period of the investment is shown below;
Total cash outflow is
= $15,000 + $8,000
= $23,000
Now the Cash Inflow in all 6 years is
= $1,000 + $2,000 + $2,500 + $4,000 + $5,000 + $6,000
= $20,500
Cash inflow in Year 7 is $5,000.
But Cumulative Cash flows from Year 1 to Year 7 is
= $20,500 + $5,000
= $26,500
This amount is more than Initial Investment i.e. $23,000.
So our Payback period is between 6 & 7 years i.e.
= 6 + ($23,000 - $20,500) ÷ 5000
= 6.50 Years
Answer:
Company’s Cost of Goods Manufactured = $1,506,500
Explanation:
Use following formula to calculate cost of goods manufactured
Cost of Goods Manufacture = Direct Material cost + Direct labor cost + Manufacturing overhead + Work in process beginning balance - Work in process Ending balance
Cost of Goods Manufacture = $523,000 + $215,000 + $774,500 + $78,000 - $84,000
Cost of Goods Manufacture = $1,506,500
Answer:
Reward system
Explanation:
The reward system is the mechanism that a company uses to provide a compensation to their employees that can include salary, bonuses, equity and perks to keep them happy, maintain loyalty and increase motivation. This allows the company to have a strong team that is willing to work hard in their daily activities to achieve the company's goals.
According to this, the answer is that in many larger U.S. based firms the reward system match(es) the overall strategy of the firm and reinforce(s) the culture emerging from day-to-day activities because the reward system is established in a way in which it contributes to the appropiate implementation of the strategy to achieve the goals and it also helps strengthen the way in which people perform their activities.
