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3 years ago

Why is training important

Business

1 answer:

Ray Of Light [21]3 years ago

8 0

<u>These reasons include</u>:-

Increased job satisfaction and morale among employees.
Increased employee motivation.
Increased efficiencies in processes, resulting in financial gain.
Increased capacity to adopt new technologies and methods.
Increased innovation in strategies and products.
Reduced employee turnover.

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What are the supply shifters?

vodka [1.7K]

Answer:

All factors influencing supply other than price of the commodity.

Explanation:

Supply shifters are all factors influencing supply (other than price of the commodity) such as relative price, level of technology, cost of production, weather, future price expectations, number of producers, natural disasters, government policy and aims of the producer. These factors can shift supply either to the left or right.

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3 years ago

Read 2 more answers

Sparks Corporation has 3,000 shares of 8%, $100 par value preferred stock outstanding at December 31, 2017. At December 31, 2017

Korvikt [17]

Answer:

We can assume that Sparks Corporation is going to pay preferred stockholders first:

preferred stock dividends = $100 x 8% x 3,000 = $24,000

If the corporation doesn't owe any previous dividends to preferred stockholders, then the remaining $81,000 (= $105,000 - $24,000) should be distributed to common stockholders.

Each preferred stock will receive a $8 dividend. I don't know the amount of outstanding common stock, so it is not possible to determine how much dividend will be distributed for each common stock outstanding.

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3 years ago

The assets and liabilities of Thompson Computer Services at March 31, the end of the current year, and its revenue and expenses

JulijaS [17]

Answer:

Thompson Computer Services

Statement of Owner's Equity for the current year ended March 31

Capital, Thompson $185,200

Additional investment 15,200

Total Capital, Thompson $200,400

Net income 46,620

Drawing 5,400

Retained earnings $41,220

Owner's Equity $241,620

Explanation:

a) Data and Calculations:

Beginning balance:

Capital, Thompson $185,200

Additional investment 15,200

Total Capital, Thompson $200,400

Cash 32,300

Accounts receivable 9,860

Supplies 1,670

Land 47,500

Building 151,490

Accounts payable $1,200

Capital, Thompson 200,400

Drawing 5,400

Fees earned 82,110

Wages expense 34,330

Miscellaneous expense 470

Office expense 690

Fees earned $82,110

Wages expense 34,330

Miscellaneous expense 470

Office expense 690

Total expenses $35,490

Net income $46,620

Drawing 5,400

Retained earnings $41,220

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3 years ago

Suppose the Federal Reserve (the Fed) announces that it is raising its target interest rate by 50 basis points, or 0.50%. It wou

Olenka [21]

Answer: decreasing money supply; less; decreases.

Explanation:

When the Federal Reserve wants to increase its target interest rate by 50 basis points, this can be done if the Fed reduces the money supply that is in circulation.

This will in turn, lead to a new equilibrium rate and there will also be a decrease in money in the financial system as there'll be a reduction in the quantity of money demanded.

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3 years ago

Mercer Asbestos Removal Company removes potentially toxic asbestos insulation and related products from buildings. There has bee

olga2289 [7]

Answer:

Mercer Asbestos should define the Cost Drivers first before introducing the Activity Based Costing System, cost drivers actually help the compnay to measure the cost per unit based on the contribution / impact of eac activity that had direct relation with the cost.

Explanation:

Estimator should define the cost drivers such as labor, factory overhead indicators and which has impact on the performance activity of both routine and non routine works.

Possible cost drivers for the below activities can be;

Removal of asbestos insulation around heating pipes in older homes. Likely cost drivers can be ( Direct Labor Hours Involved in the activity, Other indirect manpower hours dedicated for the activity)
Removal of asbestos-contaminated ceiling plaster in industrial buildings. Likely cost drivers can be ( Total covered area where contaminated ceiling plaster is present, Supervisors and other manpower involved in the activity).

Once the drivers have been defined cost/unit based on ABC system will help the decision makers such as Cost Planners to quote the accurate selling price to cover the profit margin.

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3 years ago

Why is training important ​

Why is training important