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Alisiya [41]
3 years ago
14

Matrice has been working as a creative head at Ace Designs for 10 years. Her growth at Ace has made her one of the industry's fi

nest. Of late, Matrice has had multiple recruiters offering interviews for possible positions at different companies. Matrice feels she should stay at Ace due to the medical insurance benefits that Ace offers . This is an example of _______ commitment.
Business
1 answer:
olga_2 [115]3 years ago
5 0

Answer: continuance commitment

Explanation:

The above scenario explains a continuance commitment. This occurs when a worker remains with a particular organization after he or she looks at both the benefits and costs of leaving and sees that the cost of leaving the organization outweighs the benefits.

In this case, even though Matrice has had several recruiters offering interviews for possible positions at different companies, he believes that he should stay as a result of the medical insurance benefits that he gets. This is thus referred to as continuance commitment.

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Belltone Company made the following expenditures related to its 10-year-old manufacturing facility:
scoundrel [369]

Answer:

The journal entries are as follows:

(1) Accumulated depreciation - Building A/c Dr. $250,000

                To Cash                                                                  $250,000

(To record the replacement of heating system)

(2) Building A/c Dr. $750,000

          To cash                        $750,000

(To record the new wing)

(3) Maintenance expense A/c Dr. $14,000

                To cash                                       $14,000

(To record the maintenance expense)

(4) Equipment A/c Dr. $50,000

           To cash                          $50,000

(To record the new equipment)

6 0
4 years ago
A company sells two models of a product—basic and premium. The basic model has a variable cost of $75 and sells for $100. The pr
Vesna [10]

Answer:

Beak-even point  =   450 units

                 

Explanation:

The break-even point is the level of activity where a business makes no profit or loss. At this level of activity, the total contribution equals the total  fixed costs.

To calculate the break even point in a multi product scenario, we use the formula below:

<em>Break-even point = Fixed cost for the period / average contribution per unit</em>

<em>Average contribution per unit = Total contribution in a mix/ units in a mix</em>

We will follow the steps below to work out the Break-even point:

Step 1

<em>Calculate the average contribution per unit</em>

<em>contribution per unit for each product= selling price - variable cost</em>

Basic model = 100- 75 = $25

Premium model =  150 - 100 = $50

<em>Average contribution per unit</em> =<u> ( 5000 × $25) + (2500 × $50)</u>

                                                            (   5000 + 2500) units

                                = $33.33 per unit

Step 2

<em>Calculate the Break-even point</em>

Break even point = $15,000/ $33.33

                           =   450 units

4 0
3 years ago
Read 2 more answers
Illinois Company is attempting to develop the cost function for repair costs. The following past data are available: Machine Hou
Harlamova29_29 [7]

Answer:

$480

Explanation:

Data provided in the question:

Machine              Hours Repair Costs

2,400                       $6,385

1,200                        $3,480

2,000                       $5,285

3,400                       $8,980

Now,

                       Machine              Hours Repair Costs

Highest             3,400                       $8,980

Lowest              1,200                        $3,480

Difference        2,200                       $5,500

Unit variable cost =  $5,500 ÷ 2,200

= $2.5

Total cost at high level = $8,980

Machine hours highest level = 3,400

Also,

Total cost at high level = Fixed cost + Variable cost at highest level

or

$8,980 = Fixed cost + [ $2.5 × 3,400 ]

or

Fixed cost = $8,980 -  [ $2.5 × 3,400 ]

= $8,980 - $8,500

= $480

7 0
3 years ago
*LOOK AT THE PHOTO PLEASE*<br> By law, people who file for bankruptcy
myrzilka [38]
A must get credit counseling before they file
8 0
3 years ago
A commercial bank sells a treasury bond to the federal reserve for $100,000. (assume that all proceeds from this bond sale are l
Nitella [24]

Answer : Increases by $100,000.

The Federal Open Market Committee (FOMC) determines the money supply in an economy through open market operations.

The FMOC uses instruments like Treasury Bills, Treasury Bonds and notes for open market operations. If FOMC wants to increase money supply, it will purchase securities from banks. This increases the amount of funds with the bank. The bank can use these funds for lending.

6 0
4 years ago
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