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Molodets [167]
3 years ago
14

Interwest receives government funding and that funding is tied to the accuracy of the reports put out by its information system.

The CFO, Singh, is concerned about whether the employees are properly incentivized to input the data accurately. So she enlists the help of the CEO, Manzoni, to plan a retreat in which she highlighted the importance of proper data entry to the 10 hospital administrators that are in charge of running the hospitals. Six months later the data accuracy problems are as bad as they ever were. Manzoni needs help, what do you recommend? 1. What are the potential sources of the problems? 2. What information would you want to analyze? 3. What actions might you recommend to increase the accuracy of data entry? 4. How does your view of behavior affect how you might address this consulting assignment? Economic concepts from Chapter 1 that you could integrate into your response: Organizational Architecture and Incentives. Economic concepts from Chapter 2 that you could integrate into your response: (a) Marginal Analysis, (b) Opportunity Cost, (c) Alternative Models of Behavior, (d) The Economic Model, and (e) Utility.
Business
1 answer:
choli [55]3 years ago
5 0

Answer:

Answer is explained in the explanation section below.

Explanation:

Solution:

1.

a) Ambiguity in data entry.

b) Inaccurate reporting and planning are lacking.

c) Teamwork inefficiency.

d) A lack of a well-organized data entry system.

e) The lack of access to better patient care.

2.

Whether or not resources are being adequately used, as well as the cause of worker inefficiency, which may include their working conditions and wage package. The problem may have been exacerbated by poor management and a lack of flexibility and organization.

3.

a) Appointing more competent and effective employees and dismissing inefficient ones after adequate training.

b) Introducing incentive programs for overtime and high-performing employees.

c) Oversight of data entry on a regular basis, including proper auditing.

d) A separate department and personnel should be formed for data entry.

e) Development of cutting-edge technologies to help in real-time data entry.

f) Recruiting workers on a trial basis and choosing the most efficient.

g) More funds should be dedicated to infrastructure and treatment facilities development.

h) Informal Organization is introduced.

When people communicate with one another, they form a network of interpersonal relationships that determines how they function together in practice. This will improve teamwork as well as the relationship between management and administrators, lowering tensions and promoting harmony.

4.

Rather than firing incompetent employees, we should provide them with adequate training in data entry into the company's management information system.

The state of a non-profit organization can be improved by proper preparation, organizing, managing, and distributing work load.

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For policymakers the problem with a recessionary gap is _____ and the problem with an expansionary gap is _____.
Verizon [17]

Answer:

The correct answer is option B.

Explanation:

A recessionary gap implies that the resources are not being fully utilized. This means resources are being wasted.  

An expansionary gap, on the other hand, means that the economy is producing at more than potential level. The price level at this point is high. There is a tendency for inflation to develop in this situation.  

To curb the recessionary gap the economy can adopt the expansionary fiscal and monetary policy. While to curb expansionary gap, contractionary monetary and fiscal policy can be adopted.

4 0
4 years ago
The dividend growth model can be used to value the stock of firms that pay which type of dividends?I. Constant annual dividendII
Fed [463]

Answer:

II and III only

Explanation:

Since the Zero dividend is not possible in most of the scenarios.

The dividend growth model can be used to value the stock of firms that pay Annual dividend with a constant increasing rate of growth and the Annual dividend with a constant decreasing rate of growth.

8 0
3 years ago
The George Company has a policy of maintaining an end-of-month cash balance of at least $40,000. In months where a shortfall is
Amiraneli [1.4K]

Answer:

A.$130

B. $13,130

Explanation:

Loan taken at the beginning of april in order to maintain cash balance of $40,000 = $40,000 - $27,200 = $12,800 = $13,000 (Increment of $1,000)

Interest payment estimated for april = $13,000*12%*1/12 = $130

Solution b:

Cash balance at the end of april = $27,200 + $13,000 - $130 = $40,070

Cash balance at the end of may before financing effect = Cash balance at the beginning + Excess of cash collected over cash payments

= $40,070 + $31,200 = $71,270

Total financin effect for may = Loan repayment + Interest repayment = $13,000 + $13,000*12%*1/12 = $13,130

3 0
3 years ago
On January 15, Tundra Co. sold merchandise to customers for cash of $42,000 (cost $28,500). Merchandise costing $10,500 was sold
sattari [20]

1. The Tundra Co's journal entries to record the sales transactions under the perpetual inventory system are as follows:

Journal Entries:

January 15: Debit Cash $42,000

Credit Sales Revenue $42,000

  • To record the sale of goods for cash.

Debit Cost of goods sold $28,500

Credit Inventory $28,500

  • To record the cost of goods sold.

January 17: Debit Accounts Receivable $15,800

Credit Sales Revenue $15,800

  • To record the sale of goods on account, terms 2/10, n.30

Debit Cost of goods sold $10,500

Credit Inventory $10,500

  • To record the cost of goods sold.

January 20: Debit Cash (MasterCard) $290,080

Debit MasterCard Expense $5,920

Credit Sales Revenue $296,000

  • To record the sale of goods via MasterCard.

Debit Cost of goods sold $198,000

Credit Inventory $198,000

  • To record the cost of goods sold.

January 25: Debit Cash $68,400

Debit Bank Charges $3,600

Credit Sales Revenue $72,000

  • To record the sale of goods via debit card.

Debit Cost of goods sold $48,200

Credit Inventory $48,200

  • To record the cost of goods sold.

2. The identification of the advantages and disadvantages of each sale type is as follows:

a. Cash Sale ensures that Tundra <em>collects cash immediately</em> without facing credit risks from customers.  Tundra has the cash available for operations without resorting to borrowing.  Customers may be discouraged from making purchases if sales are restricted to cash. Tundra may be forced to offer cash discounts, which are substantial when the interest rates are annualized.

b. Credit Sale enables Tundra customers to buy more because of the credit period given.  Credit Sale attracts more customers than Cash Sale.  However, there is the risk of default.  Some customers may become bankrupt during the credit period.  Credit Sale extension to all customers increases the risk of financial fraud by some entities.

c. Credit Card Sale is like a cash sale except that Tundra will pay some expense to the Card issuers on whose platform the sale transaction is conducted.

d. Debit Card Sale is also like Credit Card Sale except that it is offered by financial institutions and not credit card issuers.

e. By accepting all these types of sales, Tundra increases its <em>ability</em><em> to make sales </em>to various customers since some customers prefer to make transactions through these various types of sales.

Data Analysis:

January 15: Cash $42,000 Sales Revenue $42,000

Cost of goods sold $28,500 Inventory $28,500

January 17: Accounts Receivable $15,800 Sales Revenue $15,800

Cost of goods sold $10,500 Inventory $10,500

terms 2/10, n.30

January 20: Cash (MasterCard) $290,080 MasterCard Expense $5,920 Sales Revenue $296,000

Cost of goods sold $198,000 Inventory $198,000

January 25: Cash $68,400 Bank Charges $3,600 Sales Revenue $72,000

Cost of goods sold $48,200 Inventory $48,200

Learn more: brainly.com/question/24299366

7 0
3 years ago
Lisa quit her $20000-per-year job to start her own economics consulting firm. At the end of her first year of operation, her tot
Illusion [34]

Answer:

Economic profit for the year is

Explanation:

The accounting profit will be Revenue - expenses (150,000-35,000) $ 115,000. However this problem requires us to calculate economic profit. Economic profit is different from accounting profit. While calculating it opportunity costs also become part of expenses as implicit costs. Detail calculation is given below.

Economic profit = 150,000 -35,000-20,000 = $ 95,000

7 0
3 years ago
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