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
son4ous [18]
2 years ago
6

"Profit-sharing plans provide a more direct incentive in small firms than in large firms. are practically impossible to use succ

essfully in small firms. are similar to individual incentive plans in their motivational effect. are an expensive fringe benefit for small firms, costing 40 percent of payroll.
Business
2 answers:
dusya [7]2 years ago
7 0

Answer:

Provides a more direct incentive in small firms than in large firms.

Explanation:

Profit sharing plan can be defined as a contribution plan in which the management of a company shares part of its profit with the employees. This could motivate and inspire the employees to work efficiently towards the growth of the organisation.

Profit sharing plan gives the employees a sense of ownership, this would inspire them to work harder to ensure the success of the organisation.

muminat2 years ago
5 0

Answer:

Statement "A" is correct.

Explanation:

Profit distribution delivers a a lot of direct motivation in little companies than bigger  firms because of the dimensions of firms and range of individuals operating in it.

As the range of individuals is small, there's high official communication and also these strategies are a lot of direct in environment.

Therefore statement A is correct which identifies that the share range delivers a lot of direct incentive in small size companies than in huge firms.

These strategies are utilized with success in smaller companies thus statement B is incorrect. These aren't the same as distinct strategies thus statement C is also incorrect. These strategies aren't peripheral edges cost accounting 40% of staff thus statement D is not correct.

You might be interested in
The following information is available for Crane Company: Sales $480000 Total fixed expenses $150000 Cost of goods sold 290000 T
r-ruslan [8.4K]

Answer:

The CVP income statement would report a contribution margin $220000.

Explanation:

CVP income statement

sales                               $480000

total variable cost          ($260000)

contribution margin       $220000

total fixed expenses      ($150000)

operating income            $70000

Therefore, The CVP income statement would report a contribution margin $220000.

6 0
2 years ago
Watters Umbrella Corp. issued 15-year binds two years ago at a coupon rate of 6.2 percent. The bonds make semiannual payments. I
Sholpan [36]

Answer:

YTM = 6.42%

Explanation:

current market value = $1,000 x 98% = $980

n = (15 - 2) x 2 = 26

coupon = $1,000 x 6.2% x 1/2 = $31

face value = $1,000

YTM = [coupon + [(face value - market value)/n]} / [(face value + market value)/2]

YTM = [31 + [(1,000 - 980)/26]} / [(1,000 + 980)/2]

YTM = (31 + 0.77) / 990 = 31.77 / 990 = 0.03209 x 2 (annual yield) = 0.641818 = 6.42%

5 0
2 years ago
The right side of the balance sheet shows the firm's liabilities and stockholders' equity. Which of the following best describes
Leokris [45]

Answer:

1. Equity is the difference between the company's assets and liabilities.

2. D. $83

Explanation:

Req. A

We know,

The accounting equation is

Total asset = total liabilities + total stockholders' equity

Therefore, total asset - total liabilities = total stockholders' equity

So, we can say that equity is the difference between the company's assets and liabilities. However, equity cannot be claimed before the liabilities. Therefore, the option "A" is the correct answer.

Req. B

                          Now Inc.

      Statement of retained earnings

For the year ended, December 31, 20XX

Beginning retained earnings (Last year)                $527

Add: Net Income (Current year)                                 176

Less: Dividend (Balancing)                                   <u>     </u><u>(83)</u>

Ending retained earning (Current year)                 $620

Calculation: $(527 + 176 - 620) = $83

Therefore, the option "D" is the correct answer.

3 0
2 years ago
The data-mining technique that finds groups in the data that are similar in some way is____.
Morgarella [4.7K]
The answer is "clustering"
7 0
3 years ago
Read 2 more answers
Gillock, Inc. uses MACRS for its income tax return and the straight-line method for its financial statements. On January 1, Year
Sloan [31]

Answer:

A deferred tax liability will be reported on the balance sheet

b) trademark

as longterm assets refers to those assets that will not become cash within a one-year period

Explanation:

As the accounting makes the depreciaiton of the asset among 8 years

while the MACRS (depreciaiton for tax purposes) does it in 5 years

the company will pay lower income taxes now but, higher in the future

creating a tax liability as the tax relief occurs now.

Calculations:

Account Depreciation Expense

(cost - salvage value )/ useful life =

(130,000 - 10,000)/ 8 years = 8,000

Tax-purpose depreciation expense

130,000 x 20% = 26,000

There is a tax difference of (26,000 - 8,000) x corporate income tax

3 0
3 years ago
Other questions:
  • The database of Aster Corp. was hacked and confidential data was leaked to its competitors. This resulted in a huge financial lo
    14·1 answer
  • The Acmeville Metropolitan Bus Service currently charges $0.88 for an all-day ticket, and has an average of 433 riders a day. Th
    6·1 answer
  • Mr. Smith wishes to retire in 16 years. When he retires he would like to have $300,000 in his bank account. Mr. Smith's bank pay
    12·1 answer
  • The adjusting entry for accrued wages was omitted at July 31, the end of the current year. Indicate which items will be in error
    15·1 answer
  • A tax is called __________ if the rate of taxation goes up with each higher income bracket and __________ if people in lower inc
    6·1 answer
  • The Bigdrill company drills for oil, which it sells for $200 million to the Bigoil company to be made into gas. The Bigoil compa
    12·1 answer
  • Which two advantages do renters have that home buyers don’t have?
    7·1 answer
  • Clustering _____ Select one: a. takes place when new firms enter regions already thick with other firms in the same or similar i
    5·1 answer
  • You purchased XYZ stock at $50 per share. The stock is currently selling at $80. You expect the stock price to go up, but not 10
    11·1 answer
  • The revenue for a firm is $2,500,000. its cost of revenue is $850,000, and its average inventory for the year is $62,000. (round
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!