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attashe74 [19]
3 years ago
6

Choose five of the ethical behaviors (enthusiasm, quality, cooperation, productivity, and safety) and post five rules that you w

ould put on your employee bulletin board if you owned your own business (mine is owning an ice cream shop) to help your employees understand how to work ethically on the job.
Business
1 answer:
marissa [1.9K]3 years ago
4 0

Answer:

<em>Enthusiasm </em>- While working, keep in mind the customer and the benefit you give to him/her. Take cues from the customer's reaction and let that be the driving motivator giving you everyday enthusiasm.

<em>Quality </em>- Try to keep the quality level high, as here we do not only represent ourselves and our own skill set. We are one - a team, and therefore need to have constant, great quality of ice cream.

<em>Cooperation </em>- Every team is bound to have a better performance rather than working individually. Every and each one of you adds up to the other ones with individual qualities and skills. All of that in consideration provides an exceptional service.

<em>Productivity </em>- Seek to leapfrog your own personal benchmark. Try to be exceptional when making that ice cream. Do not envy your colleagues and always try to outshine what you did last time.

<em>Safety </em>- Safe and sound is the basis of our ice cream shop. If anything goes bad (on-the-job or personally) do not be afraid to reach out to your colleagues. Your problem or safety concern is a team problem too.

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Surveys of employers and recruiters continually rank written communication skills as a top skill set sought in applicants. why a
Vadim26 [7]

Communication skills are increasingly important because success in business is often anchored on effective communication. Emails and web content are the most common activities of business communications in order to close deals and promote products and services. The better and clearer the communication, the more successful the transmission of ideas and response of clients and partners become.

4 0
3 years ago
Activity Rates and Activity-Based Product Costing Hammer Company produces a variety of electronic equipment. One of its plants p
Lunna [17]

Answer:

1. Overheads rate per activity

Setup = $4,100 per setup

Machining = $120 per machine hour

Engineering = $60 per engineering hour

Packing = $0.30 per packing order

2. Cost per unit

Deluxe = $162.60

Normal = $53.675

Explanation:

As for the provided information:

We have,

Different activities as follows:

Setups = $2,050,000

Total setups = 300 + 200 = 500

Rate = $2,050,000/500 = $4,100 per setup

Machining = $48,000,000

Total machine hours = 100,000 + 300,000 = 400,000

Machine hour rate = $48,000,000/400,000 = $120 per machine hour

Engineering = $9,000,000

Total engineering hours = 50,000 + 100,000 = 150,000

Rate per hour = $9,000,000/150,000 = $60 per hour

Packing = $150,000

Packing orders = 100,000 + 400,000 = 500,000

Rate per hour = $150,000/500,000 = $0.30 per order

2. Calculating per product cost

Particulars              Deluxe                 Normal

Setup Cost

In 3:2 ratio            $1,230,000              $820,000

Machining Cost

In 1:3 ratio             $12,000,000          $36,000,000

Engineering cost

In 1:2 ratio            $3,000,000               $6,000,000

Packing Cost

In 1:4 Ratio             $30,000                  $120,000

Therefore total cost for each printer

                              $16,260,000           $42,940,000

Number of units         100,000              800,000

<u>Cost per unit               $162.60             $53.675</u>

5 0
3 years ago
One item that appears on an insurance company's financial statements is a liability that represents an estimate of the claims re
Bess [88]
<span>This liability is called the insurer's "loss reserve".</span>

Loss reserve<span> is a gauge of an insurer's liability from future cases. <span>Loss reserves</span> most often contain liquid resources, and they enable the insurer to cover claims made against strategies that it endorses. Assessing liabilities can be a difficult task. Insurers need to regulate loss reserve estimations as the situation change.</span>

8 0
3 years ago
Pettit Ice Cream Company produces various ice cream products for which demand is highly seasonal. The company sells more ice cre
Rashid [163]

Answer:

a) Fixed costs = $22,000

b) $70,000

c) The high low cost method is generally inaccurate because it only considers the extremes, the highest and lowest costs and activity levels. Generally costs are not linear, but they might follow a certain tendency. The advantages of the high low cost method is that it is fairly accurate when costs are stable, plus it is much simpler to calculate.

d) Assuming that costs follow a certain tendency, regression analysis is much more exact since it analyses the relationship between different data and different variables. When you analyze only 2 variables, a linear regression analysis will serve you. but if you need to analyse more than two variables, then you must use a multiple regression analysis.

The R² statistic basically measures how one variable's variance is affected by other variables. E.g. if R² is 0.75, then 75% of the variance of A will be explained by the variance of B.

Explanation:

variable cost using high low cost method = (highest activity cost - lowest activity cost) / (highest activity level - lowest activity level) = ($82,000 - $46,000) / (50,000 - 20,000) = $36,000 / 30,000 gallons of ice cream = $1.20 per gallon of ice cream

fixed costs = $82,000 - (50,000 x $1.20) = $22,000

40,000 gallons

$22,000 + (40,000 x $1.20) = $70,000

how regression analysis improves accuracy of high low cost method

3 0
3 years ago
Mr. Hugh Warner is a very cautious businessman. His supplier offers trade credit terms of 3/19, net 60. Mr. Warner never takes t
vekshin1

Answer:

35.92%

Explanation:

The computation of cost of not taking the cash discount is shown below:-

Discount percentage ÷ (100 - Discount percentage) × (360 ÷ (Full Allowed Payment Days - Discount Days))

= 3% ÷ 97% × 360 ÷ (50 - 19)

=  3% ÷ 97% × 360 ÷ 31

=  0.03093 × 11.61290

= 0.359187

= 35.92%

Therefore for computing Mr. Warner's cost of not taking the cash discount we applied the above formula.

3 0
3 years ago
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