Answer:
$60,458
Explanation:
Calculation to Complete the flexible budget for that level of activity
FLEXIBLE BUDGET
Flexible Budget(290 driving hours)
Revenue 121,800
(290*420)
Expenses:
Wages and salaries 47,060
($11,100 +290*$124.00q)
Supplies 870
($3.00q*290)
Equipment rental 8,480
($2,100 +290* $22.00q)
Insurance 4,000 (Fixed)
Miscellaneous 932
($520 + 290*$1.42q)
Total expense 61,342
Net operating income $60,458
(121,800-61,342)
Therefore the Flexible-budget Net operating income will be $60,458
Answer:
the amount that lawyer needed is $4,916,674
Explanation:
The computation of the amount that lawyer needed is shown below:
= $294,800 × Present value of annuity factor(2%,20)
= $294,800 × 16.678
= $4,916,674
Hence, the amount that lawyer needed is $4,916,674
Simply we multiplied the above two items
Answer:
Workers
Explanation:
Fredrick Winslow Taylor's Time and motion study was an observation of work done by a group of workers in a specific time period using a stopwatch. The time taken to complete the task was recorded to see the productivity of the workers in a industry.
How the workers performed when there is a repetitive work cycles for long or short duration or when variety of different kinds of work are done by the workers in a given time period.
Answer:
The critical analysis of temporary staff hiring & firing, depending on demand is given below :
Explanation:
Hiring & firing personnel, during periods of peak demand & periods of lower demand respectively - can have many undermentioned advantages & disadvantages :
Advantages :
- Fulfilment of consumer's demand in high demand periods.
- Cost saving during low demand periods
- Highly suitable for seasonal industries, with highly fluctuating demand.
- Temporary staff is cheaper for companies, it is to be availed with less perks, social security etc
Disadvantages :
- Incurring high temporary recruitment cost again & again
- Consistency & Quality of product or service might be compromised, as the labour indulged is fluctuating so much
- Employees might feel lack of job security & hence not associate belongingness with their job, company. It can reduce their incentive to work hard towards organisation objectives
- Prospective employees & hiring intermediaries might build a bad image of the company as an employer. It might create staff finding difficulties, when needed later.