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nata0808 [166]
3 years ago
11

Why do you think L.L. Bean empowered its employees to make independent decisions that ultimately have financial consequences?

Business
1 answer:
postnew [5]3 years ago
4 0

Answer:

(Note please, the background of L.L. Bean was not stated. I am answering on a general note.)

L.L. Bean empowered its employees to make independent decisions that ultimately have financial consequences so as to save time needed to consult superior authorities for directions.

Explanation:

In the course of business, some customers might have needs and inquiries that have to be responded to on the spot so that they do not lose their patience and move to other competitors.

When an organization empowers its employees to make independent decisions that might affect the company financially, it is in a bid to serve the customers better by saving their time. This also instills trust and confidence in the company because the employees are knowledgeable of their services.

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A customer has contacted you and expressed anger about the service provided by your company. During the call, you discover that
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listen to the entire complaint

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3 years ago
In a large food or beverage establishment, on what form or schedule is any tip shortfall from a directly tipped employee recorde
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3 0
3 years ago
Landhill Corporation is authorized to issue 49,000 shares of $5 par value common stock. During 2020, Sandhill took part in the f
spayn [35]

Answer: Please see answer in explanation column

Explanation:

1. Journal to record common stock issued

Account title                                             Debit               Credit

  Cash                                                 $210,400

Common stock                                                           $22,500

Paid in capital in excess of par                                  $187,900

common stock

Calculation:

Cash = 4,500 x $45 + $7900= $210,400

Common stock =4,500 x $5=$22,500

Paid in capital in excess of par common stock = Cash - Common stock =$210,400-$22,500=$187,900

 

2) To reccord Land purchased in exchange of common stock

Account title                                             Debit               Credit

  Land                                                     $50,600

Common stock                                                             $ 5,500

Paid in capital in excess of par                                     $45,100

common stock

Calculation:

Land= 1,100 x $46 = $50,600

Common stock =1,100 x $5=$5,500

Paid in capital in excess of par common stock = 1100 x (46-5)$41=45,100

3) To record purchase of treasury stock

Account title                                             Debit               Credit

  Treasury stock                                  $19,270                  

   Cash                                                                              $19,270

Calculation:

Treasury stock       =  470 shares x$41= $19,270

8 0
2 years ago
Best Foods Company is considering expanding beyond the regional market segments now served by its Hellmann's mayonnaise. One cri
LenaWriter [7]

Answer:

A. Best Food's competitive position in the segment

Explanation:

Best Food's competitive position in the segment is an example of the criterion used to select target market segments.

It would be used by the management to evaluate and analyze potential new geographic market segments in order to know whether new equipment must be bought to serve each new segment.

7 0
3 years ago
Read 2 more answers
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