1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
ohaa [14]
3 years ago
14

Sales have decreased for two consecutive quarters at your business. You have been instructed to inform your sales team that thei

r hours, and base pay, will be reduced by 20 percent. While you may have a few members of your sales team that are under performing, you want to retain the entire team.
Write a negative news message in a direct or indirect approach informing your sales team of the news.

Write this document in the form of a memo.
Business
1 answer:
Ira Lisetskai [31]3 years ago
4 0

Answer:

To: The Sales Team

From: Henry Cavill, Vice President, Employee Relations

Date: 13 July 2021

Subject: Revisions in Compensation Structure of Sales Department

Dear All,

As you all are going to be knowing, the sales of the corporate have been decreasing since the last 2 quarters. The performance of the half-moon was rock bottom sales achieved by the corporate, within the last 5 years. As a result of this, the corporate and management have decided to require certain strict decisions.

The management has decided to scale back the bottom pay also because of the work hours of the sales team by 20%. This reduction is going to be applicable to all or any levels of the sales division. This decision has been taken in an attempt to form up for the losses, faced by the corporate, thanks to the negative overall performance of the sales team. The new compensation structure is going to be applicable from May 1st, 2019, and can be in practice till the general performance of the sales team bounces back.

In this duration, the corporate also will be observing the performance of the members of the sales team. The compensation of sales employees, who will display extra-ordinary performance, are going to be rewarded by the corporate within the corresponding quarter. Hence, all employees must be motivated to perform their best during this critical time, faced by the corporate.

The management hopes that the workers will understand the company’s perspective during this hard time. We hope things will become better and brighter quite soon. don't hesitate to follow up with me just in case of any doubts or clarifications.

Regards,

Henry Cavill

Vice President, Employee Relations

You might be interested in
A company's value-creating activities can offer a competitive advantage in one of these ways. a. contribute to greater efficienc
natali 33 [55]

A company's value-creating activities can offer a competitive advantage by contributing to greater efficiency and lower costs and provide a basis for differentiation.

<h3>What is differentiation?</h3>

This is a process whereby organizations ensure that their product are recognized in the market space. The aim is to distinguish a company's product from competitors.

Hence, a company's value-creating activities can offer a competitive advantage by contributing to greater efficiency and lower costs and provide a basis for differentiation.

Learn more about differentiation here: brainly.com/question/26683215

#SPJ12

6 0
2 years ago
You would like to add an additional spreadsheet to your workbook. Which button should you select?
Rashid [163]

If you would like to add an additional spreadsheet to your workbook, the button to press is the "Add Sheet" button.

<h3>How can you add an additional spreadsheet to your workbook?</h3><h3 />

If you want to add another spreadsheet when working on a spreadsheet application, you should use the "Add sheet" button.

This button is located to the right of the sheet tabs so just go to the right of the sheet tabs, click on "add sheet" and a new spreadsheet will be added.

Find out more on working with spreadsheets at brainly.com/question/4965119

#SPJ1

8 0
2 years ago
The following selected accounts and their current balances appear in the ledger of Clairemont Co. for the fiscal year ended May
NeTakaya

Answer:

1. Prepare a retained earnings statement.

Net income = $943,400

Retained earning at May 31, 2018 = $3,792,500

2. Prepare a balance sheet, assuming that the current portion of the note payable is $50,000.

Net Total Assets = Stockholder's equity = $4,292,500

Explanation:

1. Prepare a retained earnings statement.

To do this, the income statement is first prepared to obtain the net income as follows:

Clairemont Co.

Income Statement

for the fiscal year ended May 31, 2018

<u>Details                                                         $            </u>

Sales                                                   11,343,000

Cost of goods sold                           <u> (7,850,000) </u>

Gross Income                                      3,493,000

Selling and Distribution expenses:

Sales salaries expense                        (916,000)

Advertising expense                           (550,000)

Dep. expense - Store equipment        (140,000)

Miscellaneous selling expense            (38,000)

Administrative expenses:

Office salaries expense                     (650,000)

Rent expense                                        (94,000)

Insurance expense                               (48,000)

Dep. exp - Office equipment               (50,000)

Office supplies expense                       (28,100)

Miscellaneous admin expense          <u>   (14,500)  </u>

Operating income                                964,400

Interest expense                                 <u>   (21,000) </u>

Net income                                         <u>  943,400 </u>

The retained earning statement can therefore, be stated as follows:

Clairemont Co.

Retained Earnings Statement

for the fiscal year ended May 31, 2018

<u>Details                                                             $            </u>

Retained earnings at June 1, 2017         2,949,100

Net income for the year                            943,400

Dividends                                                <u>  (100,000) </u>

Retained earning at May 31, 2018      <u> 3,792,500  </u>

2. Prepare a balance sheet, assuming that the current portion of the note payable is $50,000.

Clairemont Co.

Balance sheet

for the fiscal year ended May 31, 2018

<u>Details                                                     $                         $       </u>

<u>Fixed Assets</u>

Office equipment                             830,000

Accumulated dep.- office equip   <u> (550,000) </u>            280,000      

Store equipment                            3,600,000

Accumulated dep.- store equip  <u>  (1,820,000) </u>        <u> 1,780,000 </u>

Net Fixed Assets                                                        2,060,000

<u>Current Assets</u>

Cash                                                    240,000

Accounts receivable                          966,000

Inventory                                           1,690,000

Estimated returns inventory                 22,500

Office supplies                                       13,500

Prepaid insurance                          <u>         8,000  </u>

Total current assets                         2,940,000

<u>Current Liabilities</u>

Accounts payable                               (326,000)

Customer refunds payable                   (40,000)

Salaries payable                                     (41,500)

Note payable                                      <u>   (50,000) </u>

Working Capital                                                               2,482,500

<u>Long-term Liability</u>

Note payable (300,000 - 50,000)                               <u>  (250,000) </u>

Net Total Assets                                                          <u>  4,292,500 </u>

Financed by:

Common stock                                                                 500,000

Retained earning at May 31, 2018                                <u> 3,792,500  </u>

Stockholder's Equity                                                   <u>  4,292,500 </u>

Note:

Since both the Net Total Assets and Stockholder's equity are to $4,292,500, it implies the financial statement is accurately prepared as both as always be equal.

5 0
4 years ago
What kind of nutrients find in oatmeal
Evgen [1.6K]
There u go, REAL VALUE

4 0
4 years ago
The price of a gallon of gasoline was $0.35 in 1972 when the CPI equaled 0.418. The price of a gallon of gasoline was $2.25 in 2
lana66690 [7]

Answer:

increased

Explanation:

Data provided in the question:

Price of a gallon of gasoline in 1972 = $0.35

CPI in 1972 = 0.418

Price of a gallon of gasoline in 2005 = $2.25

CPI in 2005 = 1.68

Now,

Real cost in 1972 = [ Nominal cost in 1972 ] ÷ [ CPI in 1972 ]

= $0.35 ÷ 0.418

= $0.837

Real cost in 2005 = [ Nominal cost in 2005 ] ÷ [ CPI in 2005 ]

= $2.25 ÷ 1.68

= $1.34

Hence,

The price of gallon of gasoline increased between 1972 and 2005

3 0
3 years ago
Other questions:
  • A customer has a total purchase of $84.75. She hands the person at the
    14·1 answer
  • A mortgage company makes a number of loans to be assembled into one package and sold to permanent investors. This process is an
    13·1 answer
  • If you want $1,000 three years from now and you earn 4 percent on your savings, how much do you need to deposit?
    7·1 answer
  • Over the years, O'Brien Corporation's stockholders have provided $20,000,000 of capital, when they purchased new issues of stock
    8·1 answer
  • Six equal annual contributions are made to a fund, with the first deposit on December 31, 2019. Required: Using the future value
    9·1 answer
  • Increased access to workplace tools and information means work hours may be more _____________.
    14·1 answer
  • Although there are numerous stages in the new-product process, firms develop a strategy, then start ________ and continue the pr
    15·1 answer
  • The marketing *blank*
    9·1 answer
  • If the required reserve ratio
    14·1 answer
  • assume all stock prices fairly reflect all of the available information on those stocks. which one of the following terms best d
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!