Answer:
This question requires us to calculate net income and return on assets for the year.
Net income
As sales and profit margin on sales is given so net income can be calculated as follow.
Net income = sales * profit margin
Net income = 837,900 * 8% = $ 71,832
Return on investment
To calculate return on asset we first have to find total asset. Total assets can be calculated as follow.
Asset turnover ratio= Sales/ Asset
Asset = 837,900/1.9 = $ 441,000
Return on asset = 71,832/441,000 = 16.29%
Answer:
D. global communication and transportation technologies, a global knowledge base, and global social norms.
Explanation:
Global business management process involves identifying, analyzing and planning a business at the international level.
General cultural factors driving global business are global communication and transportation technologies, a global knowledge base, and global social norms.
When starting up a business with the intention to break into the global market successfully, it is important and necessary to ensure the cultural factors driving a business are well managed.
The business should ensure it creates a medium for effective communication by using both the traditional and digital media such as television, radio, billboards, blogs etc. Efficient means of transportation or logistics should be developed for smooth export of their goods and services.
Also, having a well informed knowledge of their niche is key to the success of the business.
Lastly, the business should abide with the global social norms.
Answer:
A. $37,400 unfavorable
Explanation:
With regards to the above, variable overhead spending variance is computed as
= (Actual hours × Actual rate) - (Actual hours × standard rate)
= $649,400 - ( 34,000 × $18)
= $649,400 - $612,000
= $37,400 unfavorable
Therefore, Warp's variable overhead spending variance for the month of September is $37,400 unfavorable
Answer:
B, D and E
Explanation:
The sales department is a common component that is all organizations. It is comprised of sales representatives with different skills and abilities. The best persons will share similar characteristics. These are the traits that make them effective and puts them at the top. They include
- Communication skills. A goods salesperson is able to initiate and sustain a conversation with a customer. Clients tend to resist sale representative whose interest is to close a sale as quickly as possible. He or she must provide excellent proposals and quotes to keep the client interested.
- Maintain relationship with clients. A good salesperson maintains a relationship with customers. He or she is not interested in the current deal only, but future prospects too.
- Competitiveness. To achieve sales targets, a good salesperson must demonstrate and maintain assertiveness and aggregation in the marketplace.
Explanation:
A communication barrier is an obstruction which put off a message to be understood correctly by the receiver. Communication barrier prevents other person from fully understand the meaning conveyed in the message or the information, thoughts or ideas transferred to the other person. Following are the situations with the appropriate communication barriers in each situation.
1) First Situation
C) Lack of Assumptions.
2) Second Situation
A) Lack of Respect
3) Third Situation
B) Inadequate Feedback
