It's a method where <span>subordinates share a significant degree of decision-making power with their immediate superiors
One positive benefit of the employee involvement and participation is that companies will prepare more employees to understand the company's operational method and make more potential leaders for the company if it choose to expand in the future</span>
Answer:
- <u><em>$19,591.63</em></u>
Explanation:
<u />
<u>1. Calculate the price of the car in a year from now.</u>
This is add the 4% on the current price:
<u />
<u>2. Calculate the amount of money that must be put aside to have $20,800 in a year:</u>
<u />
Use the formula of monthly compound interest, with 6% annual interest
- r = 6% / 12 = 0.06/12 = 0.05
- P = $20,800 / (1 + 0.005)¹² = $19,591.63
Answer:
Potter Corporation should turn to activity-based costing.
Explanation:
Potter Corporation should change to activity-based costing. Since Its present system seems to be deforming product costs, resulting in prices of specialty products that are below average and prices of simple products that are too high. This may lead Potter to push products that produce low profit margins.
