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Alborosie
3 years ago
12

The company’s CEO repeatedly says that "employees are our most important resource," but many managers treat employees disrespect

fully. When the company says it is investing in training sessions for all employees, which all workers must attend and then pass a test on, the employees are skeptical about the company’s motives. The employees who are scheduled for the first training sessions have promised to let other employees know what is on the test.
Business
1 answer:
Verdich [7]3 years ago
5 0

Answer: The company lack a good labour- management relationship

Explanation:

Training can be defined as the effort made on the part of management to provide their employees with the basic skills needed to enable their employees becomes a better workers on the job for which the organization had employed them to do in the organization. A worker that is properly trained at all levels in the organization is important to the organization for the continued success and survival of the organization. So that the organization can meet the challenge of business and technological change.it is equally important to the individual workers from the point of view of job satisfaction and increased in their earnings. However, training programme must be developed to follow the following steps

(a) identify the areas of training need

(b) Plan training programmes based on forecast of present and future need.

(c) Implement training programmes in the most appropriate manner.

(d) Review and evaluate the success of the training programmes and methods of training

(e) Modify the training programmes in the light of the reports coming out of the review and evaluation process.

However, evaluation of the employees after the training programme to test the impact of the training on the employees is very important. But this does not point to the fact that the training would bring about an improvement in the performance of the employees immediately. In fact, employees requires at least three to six months after a training programme had been organized for them by the management before the management can begin to see the result of the training on the performance of the workers on their job. The reasons why the employees are sceptical about the company motives is that the company lack a good labour - management relationship. In a well planned training programme employees would show their interest and enthusiasm about the effort of the management aimed at training them on the job to become a better worker .

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The following data from the just completed year are taken from the accounting records of Mason Company: Sales $ 652,000 Direct l
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Answer:

Beginning Raw Materials 8,000

Purchases                      133,000

Ending Raw materials       (10,100)

Used into production      130,900

Beginning WIP     5,400

cost added   416,900

total cost  422,300

ending WIP   (20,400)

COGM          401,900

Beginning FG        70,000

COGM               401,900

goods available    471,900

ending FG       (25,500)

COGG               446,400

Overhead 18,000 udnerapplied

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COGM          (464,400)  - (446,400 + 18,000)

Gross Profit   187, 600‬

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Net income     42,600

Explanation:

We work the following reasoning:

the beginning inventory are the materials at hand at the beginning then we add up the purchases and compare with ending ivnentory. The difference was used into production.

Same thinking applpies to how to calculate for cost of goods manufactured and cost of goods sold.

side calculation:

cost added during the period:

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as the cost were higher we will adjust to increase overhead by 18,000 It was underapplied

This will increase the COGS in the income statement.

<u>Net income: </u>

we will calculate the net income by subtracting the COGS and the expenses from the sales revenues.

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Answer

The answer and procedures of the exercise are attached in the following archives.

Explanation  

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