Answer:
Pay for Performance
Explanation:
Pay for Performance is the strategy which is being referred to as the pay strategy where the evaluations or computations of the individual or the business performance have the influence on the pay amount bonuses or the increases provided to each and every employee.
So, in this case, the person is paid on the performance of the person as he will be paid on the $5 per shirt.
Answer:
D) 3.48
Explanation:
Current Year Sales = $700
Growth rate = 15%
Projected Sales=$700*15% +$700
Which is $805
Required inventory = $30.2 + 0.25*projected sales
Req.Inv = $30.2 + 0.25($805)
Req.Inv = $231.45
Inventory turn over = projected sales/Req.inv
$805/$231.45
Inventory turn over = 3.48 times
Answer:
$24,550
Explanation:
Computation for the estimated cost of the ending inventory
Net Sales = $415,000
Gross Profit rate= 37%
Cost of goods Sold = 100%- 37% = 63%
Cost of Goods Sold =$415,000*63% = $261,450
Cost of Goods Available for sale = $286,000
Using this formula
Estimated Cost of Ending Inventory= Cost of goods available for sale - Cost of Goods Sold
Let plug in the formula
Estimated Cost of Ending Inventory = $286,000-$261,450
Estimated Cost of Ending Inventory = $24,550
Therefore the estimated cost of the ending inventory is $24,550
The Roll up project budget method is used to cover cost changes for a project,
The roll up budget method is used to measure and identify the money inflow and outflow of the particular project. The roll-up budget is a technique that uses expertise to determine cost and productivity throughout the full life-cycle of projects.
The roll up budget method is also called continuous budgets. Based on the project, it is updated monthly or quarterly or annually. These budgets enlarge incrementally as time passes,
Rolling up the budget helps to achieve flexibility in their planning process plus decision-making,
This impact on changing market conditions, business disruptions, and unforeseen opportunities with greater liveliness.
Perform more effective performance management by re-aligning, spending and resource allocation at regular intervals to compete in the business environment and improve viable benefits.
To learn more about Project Budgeting
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