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Delvig [45]
3 years ago
9

A sales manager announces that all weekly sales reports must be submitted via e-mail, rather than hardcopy. However, some of the

veteran staff members are still putting their reports in the manager's office mailbox. Which of the following would be the least effective way of winning over those who are resistant to this change?
a. Providing all required hardware, software, and training.

b. Explaining how electronic submissions save time, paperwork, and money.

c. Praising staff when they successfully submit their reports electronically.

d. Stressing that younger staff members have no problem e-mailing their reports.
Business
1 answer:
slamgirl [31]3 years ago
4 0

Answer:

d. Stressing that younger staff members have no problem e-mailing their reports.

Explanation:

Option A - If sales manager provides all the required hardware, software, and training, it can be the best effective way to change other staffs' motives.

Option B - If sales manager explains the importance of electronic submissions, it should be the best way of winning over those who are resist to change.

Option C - If sales manager praises other staff members, those who do not want to change will change their motive and send electronically.

Therefore, all the options A, B, and C are the best effective ways, so, D is the best option which is least likely way to change.

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List four common sources of funding for a small business.
Lunna [17]

Businesses can have many different types of funding, some are bank loans, from crowdfunding (fundraising), families and relatives, or from stocks (investing and selling). Some of the more complex types of funding include having angel investors and venture capitalists.

3 0
3 years ago
Upton Computers makes bulk purchases of small computers, stocks them in conveniently located warehouses, ships them to its chain
Licemer1 [7]

Answer:

AFN (Additional Funds needed) is $ 11.59 Million, Growth rate is 6.87 %.

Explanation:

1) Additional Funds Needed or AFN can be calculated as below=

AFN = (Total Assets / Previous year sales) x Change in Sale -( Liabilities affected by sales / Previous year sales) x Change in Sale - (Projected net income x Retention ratio ) ----- (a)

According to given data in question

Total Assets= 122.5 million

Change in Sales = 70  

Liabilities affected by sales = 17.5

Previous year sales = 375

Projected net income = 445

Putting the above values in equation (a)

AFN = (122.5 / 375) x 70 -( 17.5 / 375) x 70 - 445 x 0.030 x 0.60

AFN = 11.59 million

2) Growth rate : Growth rate formula is given below,

Growth rate = (Total Assets x g) - (Liabilities affected by sales x g ) - Previous year sales ( 1 +g) x 0.3 x 0.60

Growth rate = 6.87 %

3) Proforma Balance Sheet for Upton Computer  is :

Cash                               4.15 Million

Accounts Receivable    30.85 Million

Inventories                      68.83 Million

Total Current Assets      103.84 Million

Net Fixed Assets             41.53 Million

Total Assets                      145.37 Million

Line of Credit-AFN           11.59 Million

Accounts Payable             18 Million

Accruals                              10.09 Million

Total Current Liabilities     50.36

Mortgage Loan                   6 Million

Common Stock                   15 Million

Retained Earning               74.01 Million

Total Current Liabilities & Equity --- 145.37 Million          

3 0
3 years ago
Quebecor Printing is a commercial printing company that is expanding, acquiring ailing printing companies, and moving into inter
ziro4ka [17]

Explanation:

In 1979, Michael Porter developed a model of competitive analysis that became popularly known as "Porter's 5 forces". That are:

  1. Rivalry between competitors;  
  2. Bargaining power of suppliers;
  3. Bargaining power of customers;
  4. Threat of new competitors;
  5. Threat of new products or services.

These five forces help the organization to position itself in the market, discovering essential information about the macro environment, such as information about competitors, which contributes to the effectiveness of quality management, based on efficient techniques on market analysis.

Porter also defined 3 general strategies that can be applied in any company, regardless of size and area of ​​operation, so that it is possible to achieve a competitive and differentiated position in the current market.

  1. Cost leadership,
  2. Differentiation and
  3. Focus.

In the case of Quebecor Printing, analyzing its strategy of offering a personalized service using "selective binding" to print, it can be said that the company uses Porter's focused differentiation strategy, whose main characteristics are to provide a differentiated service from competitors for satisfy the needs of the consumer, so it is important that the company also invests in process improvement, such as improving the technical training of employees and developing market segmentation research so that the entry into markets in other locations occurs according to the needs and particularities of the target audience of a given location.

4 0
3 years ago
Suppose you have $200,000 in a bank term account. You earn 5% interest per
Flura [38]

Answer:

Kindly check explanation

Explanation:

Account balance or principal = $200,000

Interest rate per annum = 5% = 0.05

Actual inflation rate for the year = 6% = 0.06

Period = 1 year

Amount at the end of one year:

Principal × ( period + interest rate)

$200,000 × ( 1 + 0.05)

$200,000 × (1.05) = $210,000

With anticipated inflation rate of 4% :

$200,000 × ( 1 + 0.04)

$200,000 × (1.04) = $208,000

Purchasing power = $208,000

At this rate of inflation, $208,000 will buy us what $200,000 can buy today.

Excess amount = $210,000 - $208,000 = $2000

$2000 will be earned if the principal is placed in bank.

With actual inflation rate of 6% :

$200,000 × ( 1 + 0.06)

$200,000 × (1.06) = $212,000

Purchasing power = $212,000

With inflation rate of 6%, $200,000 today will be equivalent to $212,000 after one year and as such will be required to purchase the same items $200,000 can today.

Deficit amount = $210,000 - $212,000 = $(2000) deficit

8 0
3 years ago
On January 1, Year 1, Miller Company purchased equipment for $36,000. Residual value at the end of an estimated six-year service
Kay [80]

Answer:

1. $8,000

2. $20,000

3. $16,000

Explanation:

The computation is shown below using the double-declining balance method:

First we have to find the depreciation rate which is shown below:

= One ÷ useful life

= 1 ÷ 6

= 0.16667

Now the rate is double So, 0.3333%

In year 1, the original cost is $36,000, so the depreciation is $12,000 after applying the 33.33% depreciation rate

And, in year 2, the ($36,000 - $12,000) × 33.33% = $8,000

1. So the depreciation expense is $8,000

2. Accumulated depreciation is

= $12,000 + $8,000

= $20,000

3. And, the book value is

= $36,000 - $20,000

= $16,000

5 0
3 years ago
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