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worty [1.4K]
3 years ago
5

The sales statt at Mocmoo Real Estate is compensated primarily based on the value of the properties thay call. However, in order

to encourage the salespeople to act in the best interests of the company, Macmoo bases 10 percent of each salesperson's yearly bonus on whether the company reaches its yearly financial goals. In which of tho following situations would the interests of tho salesperson bo most likely to conflict with the interests of the overall organization? Soloct one:
a. A Maemos agent becomes the selling agent for the same property multiple times
b. A Macmoo real ontate agent and another rool estate agent have a difference of opinion about the fair market value of a property
c. A Macmoo real estate agent completos a transaction com a commission, and generates naos leads that become profitable relationships for
d. A real estate transaction would generate a high commission for an agent but would associate the agency with the destruction of a beloved local
e. A Macmoo agont works excessively to earn a big bonus but neglects her personal life other Macmoo agents landmark
Business
1 answer:
Nikolay [14]3 years ago
5 0

Answer:

A real estate transaction would generate a high commission for an agent but would associate the agency with the destruction of a beloved local landmark.

Explanation:

there would be a conflict of interest between the organisation and the sales person when the interests of both parties do not align.

The goal of the sales person is to earn the highest possible commission. While, the goal of the firm would be to earn profit and a have a positive image.

If the agent makes the sale, he earns a high commission but this would cost the firm its positive image. thus, the interest of both parties are at odds. this would generate a conflict of interest

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1. (20 total points) Suppose the demand for a product is given by QD = 50 – (1/2)P.a) (10 points) Calculate the Price Elasticity
Nataly_w [17]

Answer:

a) PED = 0.5

b) Total revenue is maximized at $50

c) PED is elastic beyond price $50

Explanation:

a) QD = 50 - (1/2)P

Price = $40

When substituted,

QD = 50 - (0.5 x 40)

QD = 30 units

Price elasticity of demand is the responsiveness of quantity demanded to a change in price. It is calculated by dividing the % change in quantity demanded by a % change in price. For this we require the quantity demanded for two different prices.

As an example, at price $30

QD = 50 - 0.5 x 30 = 35 units

Assume that price reduced from $40 to $30

% change in QD = Change in Qd / original Qd x 100

= (30-35)/30 x 100 = - 16.67%

% change in price = Change in price / original price x 100

= (40-30) / 40 x 100 = 33.33%

PED = 16.67 / 33.33 = 0.5

b) A PED that is less than 1 suggests that it is inelastic. This means that the percentage change in quantity demanded is lower than the percentage change in price. When PED is inelastic, firms can maximize its revenue by charging higher prices because a % change in quantity demanded is less than a % change in price.

For example, at price $30 sales would be = $30 x 35 = $1050

At price $40, sales would be = $40 x 30 = $1200

At price $50, sales would be = $50 x 25 = $1250

At price $60, sales would be = $60 x 20 = $1200

The price charged should be $50, since after this, TR starts to gradually decrease.For example, at price $51, sales is $51 x 24.5 = $1249.5

c) PED is price elastic if it is higher than 1. This means that the percentage change in quantity demanded is higher than the percentage change in price. This is common for products that are non-essentials or have a lot of substitutes.

When price changes from $50 to $51, quantity demanded falls from  25 units to 24.5 units.

Hence PED = [(25-24.5)/25] / [(50-51) /50)] = 1

PED is elastic after $50 which also explains why total revenue begins to fall as price increases beyond $50.

7 0
4 years ago
The cost object of the plantwide overhead rate method is:
Tema [17]

Answer:

The correct answer is letter "A": The unit of product.

Explanation:

A plantwide overhead rate is a single overhead rate given typically in smaller firms to allocate manufacturing overhead costs to products or cost objects. The rate is implemented when services provided by the different units of the company are undifferentiated. Then, <em>the cost object used in the plantwide overhead rate is the unit of product.</em>

8 0
4 years ago
Explain the contra entry to sales ledger and why it was needed
vivado [14]

Answer:

The Contra Entry is the transfer of cash. Hope this helps!

5 0
3 years ago
Cantrell company is required by law to collect and remit sales taxes to the state. if cantrell has $8,000 of cash sales that are
lawyer [7]

Answer:

The journal entry for the cash receipt and on that the sales tax is charged is as follows:

Explanation:

Cash A/c................................Dr  $8,640

      To Sales A/c.............................Cr $8,000

      To Sales Tax Payable A/c.....Cr  $ 640

Working Note:

Sales Tax Payable = Amount of cash sales × Rate of Sales Tax

                               = $8,000 × 8%

                               = $640

So, the total of cash received will be = Sales Amount + Amount of sales tax payable

= $8,000 + $640

= $8,640

4 0
3 years ago
Read 2 more answers
(CO 9) The Wiscow Manufacturing Company recorded overhead costs of $14,182 at an activity level of 4,200 machine hours and $8,74
ioda

Answer:

2.86 Q + 2,170 = overhead cost

Explanation:

\left[\begin{array}{ccc}High&4,200&14,182\\Low&2,300&8,748\\Diference&1,900&5,434\\\end{array}\right]

We subtract one activity level from another, the result is telling us that 1,900 units generate 5,434 additional cost

That is variable cost we divide and get the unit variable cost

cost 5434 / Unis 1900 =  variable cost 2.86

Next we calcualte the fixed cost on any of both

Total Cost 14182

  Variable -12012 (4,200 x 2.86)

Fixed Cost   2170

Total Cost 8748

Variable    6578 ( 2,300 x 2.86)

Fixed Cost 2170

the cost equation would be:

2.86 Q + 2,170 = overhead cost

5 0
3 years ago
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